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October 21, 2014

Flush Central Park Nonprofit Spreads Wealth Around New York

The Central Park Conservancy, the well-endowed nonprofit that operates New York's most famous park, has launched a program to lend maintenance staff and expertise to green spaces throughout the city, writes The New York Times. The Five Borough Crew effort will send gardening teams to 10 parks and is funded by a $1.6-million grant from the Jerome L. Greene Foundation.

Mayor Bill de Blasio has called on wealthy conservancies to help neglected parks and has said he expects them to "play a major role" in a City Hall effort to plow $130-million into fixing up parks in low-income areas. The Central Park Conservancy raised more than three-quarters of the storied Manhattan park's current $57-million budget and received a $100-million gift from hedge-fund manager John Paulson in 2012.