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The Board of Investment Commissioners unanimously approved two distributions from the Edward Hickling Bradford Fund: $110,000 for scholarships and $30,000 for the Providence Promise program. It also approved updates on investment performance and trust accounts, and continued a portfolio rebalancing discussion.
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The board approved moving $140,000 from a city trust fund to support student scholarships and the Providence Promise program. That means those education-related programs can receive funding as requested by the School Department. The board also reviewed how the city’s investments and trust accounts are performing, but the portfolio rebalancing decision was not finalized and was continued for later discussion.
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