Phillips Foundation Commits $3.5 Million to Performing Arts Center
GREENSBORO, N.C. (May 20, 2013) — Phillips Foundation announced today that it has pledged $3.5 million to the Greensboro Performing Arts Center (GPAC).
“We commend the Phillips Foundation for its generous support of this project,” said Walker Sanders, president of the Community Foundation of Greensboro. “The pledge is evidence of the Phillips Foundation’s strong belief in GPAC as an economic game-changer for downtown Greensboro and the city at large.”
This is one of the first commitments to be publicly announced by the Phillips Foundation in its initial grant cycle. The Foundation cited the city’s support for GPAC, in particular the commitment made by City Council, as crucial in its decision to award the grant. “We view the Greensboro Performing Arts Center as a once-in-a-generation type of project for this city,” said Elizabeth Phillips, executive director of the Phillips Foundation. “Our foundation is focused on high-impact grants to the Greensboro community, and GPAC is one such opportunity.
“We view the Greensboro Performing Arts Center as a once-in-a-generation type of project for this city,” said Elizabeth Phillips, executive director of the Phillips Foundation. “Our foundation is focused on high-impact grants to the Greensboro community, and GPAC is one such opportunity.” Elizabeth Phillips is also helping to organize and mobilize “Generation GPAC,” a group of young adults who support the cause. “We believe GPAC will have an enormous impact on the quality of life in Greensboro and on attracting young families to live and work here long-term,” she said. “The support for this project has gained rapid momentum, and we are happy to be a part of it.”
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About Phillips Foundation
Founded in 2002 and fully funded in 2014, the Phillips Foundation represents the philanthropic legacy of its founder, Kermit G. Phillips II, a successful real estate entrepreneur from Greensboro, N.C. The current Board of Trustees leverages the Phillips Foundation as a catalytic capital platform for positive change through impact investing, strategic grants, and original programs. For more information, visit PhillipsFoundationNC.org.
Phillips Foundation currently does not accept unsolicited grant applications.
Phillips Foundation is a private family foundation and catalytic capital platform that leverages its assets to maximize social, environmental and financial value.
