WHITE PLAINS, N.Y. Amid ballooning pension costs and investment losses, the March of Dimes has put its national headquarters and home for the past three decades on the market, the nonprofit said Friday.
The 79-year-old charity,founded by President Franklin Roosevelt in 1938 as the National Foundation for Infantile Paralysis, has faced annual expenses exceeding revenues by millions of dollars every year from 2012 to 2016,according to March of Dimes’ Forms 990 filed with the IRS.In 2016, the nonprofit reported a negative fund balance or assets less liabilities of nearly $13 million.
“After....More>>>