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FOR IMMEDIATE RELEASE (06/16/08)

Back Bay Financial Group contributes to local charities

BOSTON – This month, Back Bay Financial Group Inc. (BBFG) of Boston, Mass. dispersed its annual Charitable Gift Fund contributions to local charities including Hearts and Noses Hospital Clown Troupe, Northeast Animal Shelter, The Boston Children’s Chorus and The Guidance Center Inc.

The firm put its philanthropic expertise to good use by establishing a Donor Advised Fund in 2005 to support local charities. This form of giving is a cost-effective alternative to establishing a charitable foundation and offers donors tax-free potential growth to fund future granting and a range of investment choices.

“The groups who received contributions play a significant role in the lives of local residents. Without funding from outside parties, these organizations would not have the ability to provide such a high level of service and support to the community,” said Founding Principal Robert D. Siefert, CFP^®.

“We feel confident the recipients will use these donations to continue to improve the lives of those who need it most and to further enhance the surrounding community,” added Founding Principal John H. LeBlanc, CFP^®. The four donation recipients were selected by the BBFG Charitable Fund Committee, comprised of BBFG employees, which assessed each organization’s needs by visiting each site. Members of the committee include Susan H. Brown of Walpole, Amanda A. Magee of Stoneham and Rebecca C. Martz of Cambridge.

Each recipient is a unique non-profit organization with a specific mission. Hearts and Noses Hospital Clown Troupe trains and sponsors part-time volunteer clowns to visit young patients at local medical centers while Northeast Animal Shelter is a no-kill shelter focused on finding homes for stray dogs and cats and providing visiting dog programs to local schools and nursing homes. The Boston Children’s Chorus uses music to promote social change though youth development, social healing and community building and The Guidance Center Inc. coordinates family and social services and provides additional services not covered by federal- and state-funded programs.

Back Bay Financial Group Inc. was founded in 1997 to provide integrated wealth management services for high net worth individuals, endowments and foundations. Services are individualized, comprehensive and ongoing aimed at meeting client goals in the areas of retirement, estate and income tax planning, investments, risk protection, stock option analysis and college savings. Back Bay Financial Group Inc., with more than $425 million under management, provides objective counsel based on its commitment to the highest level of ethics and a fee-only approach.