Flintridge grant program to end
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The Pasadena-based Flintridge Foundation has dropped its 10-year-old visual artists’ grant program, blaming “severe investment losses” from 2002 to 2004.
The foundation, founded in 1985 by the estates of Francis and Louisa Moseley, has awarded 10 to 12 grants of $25,000 every other year, distributing $1.4 million among 56 artists since 1997. In addition to ending the artist grants, foundation officials say they will stop making grants to theater organizations and conservation efforts in 2008.
The foundation’s community service programs and philanthropy resource library will continue.
Tax returns show the fair-market value of the foundation’s assets, $20 million in 2001, fell to about half that in 2005.
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Christopher Reynolds
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