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Barry and Dr. Elaine Fain Fund
By Jean Cohoon / March 17, 2015 /   Loading Disqus...
“We’ve been part of Providence for a long time,” says Barry Fain of his family who started their first business in the city back in the 1890’s. “My wife Elaine and I consider ourselves so very fortunate that we are able to continue our family’s tradition of charitable giving through this new donor advised fund.”

Both Barry and Elaine grew up in Providence and started their education here, Elaine at Classical and Barry at Moses Brown. Elaine continued her education at Brown, the Harvard School of Public Health, and medical school at Columbia University, while Barry went to the University of Pennsylvania and Columbia Business School. After working in New York, both found themselves drawn back to their hometown.

By this time, Elaine was a practicing physician, serving on the clinical faculty at Brown’s medical school, first working with high risk pregnancies at Women and Infants and then opening a private practice in internal medicine. Barry, who began as an advertising writer/producer in New York (what he calls his first career), joined the family carpet business and expanded it to 18 stores in New England before it was sold. Too young to retire, Barry began his third career and is now the publisher of four magazines…East Side Monthly, Providence Monthly, SO Rhode Island, and The Bay.

The Fains, parents of two adult children, have a long history of community involvement, including the Music School, the RI Medical Women’s Association, International House, Jewish Federation, United Way, and Providence Rotary Club, as well as their alma maters. And both continue to believe in the power of social activism, with Barry noting, “When a community is able to work together, it’s amazing what can be accomplished.”

Another of their goals is that by creating this fund, their children will be able to participate in maintaining the family’s charitable tradition as they begin to support their own areas of interest. Elaine is particularly excited about the Foundation’s philosophy. “We hope that whatever we give will provide direct and effective impact. The Foundation has the community knowledge to help insure that is the case.”
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