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To qualify, the Opportunity Fund must invest more than 90% of its assets in a Qualified Opportunity Zone Property located in an Opportunity Zone. [8] The property must be original use, or meet the definition of substantial improvement, meaning that the adjusted basis in the property must be doubled after purchase. [9]
About 90 percent of the Opportunity Fund's clients are racial and ethnic minorities, nearly 70 percent are low-income, and about a third are female. [2] The organization receives funding from big foundations, banks, donors and government grants, [1] including Bank of America; Goldman Sachs; JP Morgan Chase Foundation; [3] Knight Foundation; Calvert Foundation; [4] philanthropist Mark Leslie ...
For 2018, the District adopted a budget of $99.9 million budget; about 32% of the funding will go to libraries, 30% to parks, trails and other green spaces, 15% to the sports and civic facilities, 12% to art and cultural organizations, 8% to regional facilities (Pittsburgh Zoo, National Aviary, Phipps Conservatory) and 3% to transit.
Henry Lea Hillman (December 25, 1918 – April 14, 2017) was an American billionaire businessman, investor, civic leader, and philanthropist. He was chairman of The Hillman Company, [1] a family office and investment company headquartered in Pittsburgh, Pennsylvania, and owned by the Hillman family. [2]
One Oxford Centre is a 45-story skyscraper in downtown Pittsburgh, Pennsylvania.The complex is named for Oxford Development Company, the developer and previous owner.Among the commercial tenants of One Oxford Centre are Buchanan Ingersoll & Rooney, HFF Inc., the Federal Reserve Bank of Cleveland Pittsburgh Branch, the Federal Home Loan Bank of Pittsburgh, and Morgan, Lewis & Bockius.
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The Sprout Fund is a non-profit organization dedicated to funding various programs designed to increase civic engagement in Pittsburgh, Pennsylvania. [1] [2] Sprout-funded murals were named the "Best Public Art" by the Pittsburgh City Paper in 2006. [3] The Sprout Fund hosts an annual fundraiser called "Hothouse", a "roving party".
Federated Hermes is an investment manager headquartered in Pittsburgh, Pennsylvania, United States.Founded in 1955 and incorporated on October 18, 1957, [1] the company manages $758 billion of customer assets, as of Dec. 31, 2023.