One Fund Raised $20M in One Week

Eight days since the Boston Marathon bombings, a fund established to help victims and their families has raised $20 million.

Mayor Thomas Menino said at a press conference Tuesday afternoon that The One Fund Boston raised the money in just one week.

“The response is more than I could have imagined,” Menino said.

Four people were killed and over 180 were injured as result of the week of terror in Boston, beginning with the April 15 bombings.

Ken Feinberg, administrator for One Fund Boston, said those who feel they’re entitled to a portion of the funds can file a claim between May 15 and June 15. For seven to 10 days after June 15, Feinberg said he would meet with any family in private to discuss their potential claim. The money will then be distributed beginning June 30.

“They will have a check, guaranteed” before July 4, Feinberg said.

There will be two public meetings the week of May 5 to determine who is eligible to receive One Fund money. Feinberg said families who are dealing with a death or who have a relative who has been severely injured will likely be the recipients of the money.

Those who have endured property damage by way of the bombings are “highly unlikely” to receive funds through the One Fund, which is considered a private fund, Feinberg said.

Menino said the city government will work with businesses to get them back up to speed.

Beginning Wednesday, April 24 at noon claimants can register for more information at onefundboston.org and or call toll free 1-855-617-FUND.

Well over 50,000 individuals have contributed $5 million, sending in checks and donating over the web at onefundboston.org. More than 60 corporate donors have committed a total of $15 million.  So far, John Hancock, AT&T, Bain Capital, Partners Healthcare, New Balance, and Liberty Mutual have all pledged $1 million each to the fund. Dozens of companies have invited employees and customers to give as well, according to a press release from the mayor’s office.