One Fund Boston administrator Kenneth Feinberg led a Town Hall meeting on Monday to discuss how funds will be distributed to victims of the Boston Marathon bombings.
Feinberg, who helped distribute the private funds for victims of 9/11, the Aurora, CO theater shooting and the Virginia Tech shooting, said the final protocol for fund distribution will be completed by May 15.
The One Fund Boston currently has $28 million pledged, with $11 million in cash, Feinberg said in a publicly broadcast meeting from the Copley Public Library.
Feinberg reiterated that it was possible the families of the four victims could be given a million dollars. Initial protocol listed different levels of compensation for double and single amputees.
"Whatever we do with this fund is inadequate. Lower your expectations of this fund. If you had a billion you wouldn’t have enough money to … compensate people," Feinberg said.
Claims will be accepted from May 15 to June 15. From June 16 to the end of June, Feinberg and his six assistants will determine who is eligible.
"Actual checks will go out to people who have proven claims on June 30," Feinberg said.
In attendance Monday were members of the Massachusetts Bar Association offering free legal advice to those seeking claims.
Feinberg said emergency funds will be granted to claimants for initial claims, while victims provide things such as doctor bills to bring their claim up to protocol.
Feinberg said there have already been "a couple 100" claims submitted through the OneFundBoston site. Individuals can also call 855-617-3683 (FUND) for more information.
On June 30, an independent audit will begin to look at how much money was received and how much was given out. The audit will be made public. How much money was individually given and to whom will not be made public, he said.
"The fund will continue. I’m sure there will be more money after June 30 that will come into the fund," Feinberg said.
A second town hall meeting was to take place on Tuesday morning at 10 a.m. at the Copley Library and was available by webcast.
Feinberg held an open discussion on the protocol for victims to receive money, but he stated his missive clearly.
"The mayor has been clear. The mayor has been clear. Get the money out ... Our mission at One Fund Boston is to get you your money," he said.