The Kate B. Reynolds Charitable Trust, one of the largest private funders in North Carolina, has announced that it will divest its endowment from tobacco and pursue a socially responsible community-focused investment strategy in support of grantmaking centered on racial equity, health, and well-being.
The Kate B. Reynolds Charitable Trust, established at the bequest of the Winston-Salem tobacco heiress with $5 million in R.J. Reynolds Company stock in 1947, will no longer invest in tobacco and will revise its grantmaking strategies to be more socially responsible with a focus on health equity.
The Kate B. Reynolds Charitable Trust used Tuesday’s 75th anniversary celebration event to announce a clean break from tobacco-related investments.
The Kate B. Reynolds Charitable Trust announced today that it will divest from tobacco and instead commit to a socially responsible investment strategy to support community-led businesses and economic opportunities in North Carolina.
Congratulations to the Trust’s Executive Vice President Dr. Stephanie Cooper-Lewter who was recently announced as a member of the GEO’s Change Leaders in Philanthropy Fellowship (CLIPF) in the 2022-2023 cohort.
Ray Cope, the first president of the Kate B. Reynolds Charitable Trust, passed away on August 30, 2022. Under his leadership, the Trust team grew and focused grantmaking efforts in Forsyth County and across the state, to fulfill Mrs. Reynolds’ vision of improved health and quality of life for residents with low incomes. We send our deep condolences to Ray’s family, colleagues, and friends. We thank him for his dedication and service to our foundation, community, and state.
We are seeking a Finance and Human Resources Administrator that will be responsible for managing with accuracy the Trust’s finances and human resources functions. This role will support the strategic goals of the Trust along with overseeing various aspects including financials, accounting, payroll, facilities, purchasing, contract agreements, negotiations, and human resources.
Improving health outcomes by utilizing an equity centered approach is at the heart of the partnership between Grantmakers in Health and the Kate B. Reynolds Trust.