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Baltimore Civic Fund reports $5.69 million in city transfers, seeks clearer coordination across funds
Summary
The Baltimore Civic Fund told the Board of Estimates it received $5,693,000 in city transfers during the reporting period, earned $426,613 in administrative fees, and is operating with a nine-person staff; the board noted the report and members urged improved citywide coordination among quasi‑governmental funds and philanthropic partners.
Hyesook Chung, president of the Baltimore Civic Fund, presented the fund’s annual project report and told the Board of Estimates the civic fund handled $5,693,000 in city project transfers during the reporting period and took in $426,613 in administrative fees (about 7.4%) as operating revenue.
The nut graf: the civic fund said it acts primarily as a fiscal sponsor and fiscal administrator on behalf of city projects and outside donors, handling a mix of philanthropic, corporate and city…
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