Latinos had a lot to gain during Obama’s second inauguration, not only politically, but financially as well.
According to NBC Latino, “For the first time, Latino organizations will benefit from the money raised during a presidential inaugural – in this case, the Latino Inaugural 2013 gatherings surrounding President Obama’s second-term inauguration.”
The proceeds were dispersed among a variety of Latino Organizations, including the Friends of the American Latino Museum, which is actively constructing a Latino museum in Washington D.C. The organization received $170,000 dollars. It was reported that the Friends of the American Latino Museum kept $50,000 and distributed the rest between three undisclosed organizations.
Outside of the $50,000 received by the John F. Kennedy Center for Performing Arts, where the event took place, The American Latino Heritage Fund reportedly received $50,000 of the proceeds, in an effort to encourage the group to “protect and preserve historic sites that celebrate Latinos’ contributions throughout history.”
The Smithsonian Latino Center received a large sum that night as well, garnering $50,000. According to the report, the money will be predominately spent on supporting the upcoming exhibit, “Our America: The Latino Presence in American Art”, which is set to be displayed between October 25, 2013 and March 2, 2014.
“The Latino community is finally getting the recognition it deserves for the important and diverse contributions we have made to the art, culture and history of the United States,” Henry R. Muñoz III, a Latino Inaugural co-chairs, said.
(Photo by Getty Images via NBC Latino)
