Winston-Salem Journal: 2022 Year in Review
As noted in our local newspaper end-of-year review, “The Trust used its 75th anniversary celebration event on Sept. 27 to announce a clean break from tobacco-related investments.
As noted in our local newspaper end-of-year review, “The Trust used its 75th anniversary celebration event on Sept. 27 to announce a clean break from tobacco-related investments.
Peletah Ministries is part of a collaborative of health-care navigators who are guiding people through the process of signing up for coverage through the Affordable Care Act or Medicaid, working with Health Care East.
As we mark this occasion, the time has come to be open and honest about our founder Kate B. Reynolds’ history and our own, so we can make the necessary corrections to have a greater impact in the future.
Read more of Dr. Laura Gerald’s Op-Ed in The Charlotte Observer
Inside Philanthropy sat down with Laura Gerald to talk about the announcement, the trust’s history, and what other funders might be able to learn from its experience.
During the 75th anniversary celebration, Trust President Dr. Laura Gerald offered a humble admission that it is time for the Trust to confront its history and work to repair the harm that was caused to generate their wealth. The steps taken by the Trust prove that it is well within the power of foundations and philanthropy to do better.
In a packed room filled with community leaders, leadership of the Kate B. Reynolds Charitable Trust announced the organization will no longer invest in tobacco.
This announcement comes on the organization’s 75th anniversary. Dr. Laura Gerald, the trust’s president, says that continuing to invest in tobacco contradicts its mission of serving vulnerable communities.
The Kate B. Reynolds Charitable Trust will no longer invest in tobacco. The shift was announced on Tuesday during an event in Forsyth County to celebrate its 75th anniversary.
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.