$2-Billion William Penn Foundation to Retain Philadelphia Focus

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The William Penn Foundation told The Philadelphia Inquirer that it will remain focused on its Philadelphia base rather than dispensing grants nationally.

President Jeremy Nowak of the William Penn fund, said the board of the $2-billion foundation approved a new 10-year plan that envisions spending $80-$90 million a year on cultural, educational, and environmental projects within its home region.

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