Z. Smith Reynolds Foundation
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Founder | R.J. Reynolds Jr., Mary Reynolds Babcock and Nancy Susan Reynolds Bagley |
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Focus | State-Level Systemic Change Strategy; Community-Based Strategy; Exploratory, Visionary Ideas Strategy |
Location |
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Origins | Reynolds family tobacco fortune |
Area served | Piedmont Triad, North Carolina |
Method | Grants, Funding |
Key people | Maurice “Mo” Green, executive director |
Revenue (2018) | $22,168,036[1] |
Expenses (2018) | $20,616,224[1] |
Website | www |
The Z. Smith Reynolds Foundation was formed by Mary Reynolds Babcock and her siblings to honor their brother, Zachary Smith Reynolds, who died under mysterious circumstances at the age of 20 at the Reynolds family home, Reynolda House.[citation needed] The Foundation gives away millions of dollars annually in the state of North Carolina. In 2008, the fund gave away $18 million in grants, including $2 million to Wake Forest University.[citation needed]
During the financial crisis of 2007–2008, the value of the Foundation's trust declined 30% from its high of $470 million in November 2007. The Foundation subsequently announced plans to revise the way it processes grants. The Foundation, which has focused on affordable housing, immigration, education and the environment, will focus its environmental grants on water, energy and growth.[citation needed] The Foundation's grants will be slightly less (at $16 million) than the $18 million given in 2008, but cuts will be steeper in 2010 and 2011.[citation needed]
In the past, the foundation has paid for a study about North Carolina's Work First welfare reform program, conducted by University of North Carolina at Chapel Hill researchers.[citation needed]
References[]
- ^ Jump up to: a b "2018 ZSR Financials" (PDF). Z. Smith Reynolds Foundation. Retrieved 24 March 2020.
External links[]
- Non-profit organizations based in North Carolina
- Foundations based in the United States
- Organizations based in Winston-Salem, North Carolina
- Reynolds family