Monday, March 5, 2012

US banker to match immigrants' college savings

CHELSEA, Massachusetts (AP) — It started with an immigration raid four years ago.

From his Melrose home, Bob Hildreth watched the aftermath of federal immigration agents storming a New Bedford, Massachusetts, leather factory and netting 350 suspected illegal immigrant workers from Guatemala and El Salvador. The event drew national attention when news reports showed the small children of some the detainees being cared for by strangers.

It also motivated the Boston banker and philanthropist "into action."

Hildreth, the son of an Irish immigrant and a descendant of the Puritans, put up half of the bail money for those arrested, roughly $100,000. To his surprise, Latino …

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