The Failure of DC Trust
BY EDITORIAL BOARD | THE WASHINGTON POST
[three_fourth padding=”0 30px 0 10px”]NEWS THAT the nonprofit entrusted by D.C. officials to hand out government grants has been mismanaged to the point of bankruptcy should come as no surprise. This is the organization that allowed then-D.C. Council member Harry Thomas Jr. to embezzle hundreds of thousands of dollars intended to help city youths. It awarded $471,405 to a former pro boxer who used city money, not to mentor at-risk youths, but to pay for cruise ship gambling, concerts and speeding tickets. It was called out by federal auditors for its slipshod administration of the D.C. school voucher program.
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THE DC TRUST
Since 1999, the DC Trust, formerly known as the DC Children and Youth Investment Trust Corporation, has been proud to work in partnership government, nonprofit, and advocacy groups to create big solutions to the most pressing needs of the city’s youth.
We do this work by funding more than 70 community-based organizations, advancing program quality, and leveraging our data evaluation expertise to inform youth-focused policies, practices and philanthropy. Throughout our history, we have granted more than $100 million and served more than 100,000 youth and their families. DC TRUST.ORG[/one_fourth_last]
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