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.
In 1947, Kate B. Reynolds left $5 million in R.J. Reynolds Tobacco Company stock with instructions to establish a trust in her name dedicated to improving the quality of life for people with low incomes in Forsyth County and improving health care around the state. That mission still holds true today, but how it will be funded is changing. The trust is completely divesting from tobacco.
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