GREENSBORO, N.C. (April 22, 2020) – In direct response to needs facing the community as a result of the COVID-19 pandemic, Phillips Foundation has approved an additional Generational Grant in the amount of $500,000 to the Greensboro Virus Relief Fund established by the United Way of Greater Greensboro (UWGG), Community Foundation of Greater Greensboro (CFGG) and the City of Greensboro.
This contribution is outside of the Foundation’s traditional grantmaking cycle, and the $500,000 includes $250,000 to UWGG for immediate relief and $250,000 to a revolving loan fund at CFGG to support recovery efforts in the near and longer term.
“Phillips Foundation invests in once-in-a-generation opportunities to ‘move the dial’ in Guilford County,” said Elizabeth Carlock Phillips, executive director of Phillips Foundation. “We cannot think of anything more ‘once-in-a-generation’ than an unprecedented global pandemic and all of us must step up to support the community however we can and outside of ‘business as usual.’”
As of April 17, the Greensboro Virus Relief Fund had provided more than $1.3 million to 58 local nonprofits to help meet the needs of Guilford County residents negatively impacted by COVID-19 and the related economic downturn.
“On behalf of the United Way of Greater Greensboro and the Community Foundation of Greater Greensboro, we want to thank Phillips Foundation for this generous gift and their ongoing support of our community,” said Michelle Gethers-Clark, CEO of UWGG. “Every day, our organizations hear new stories of families struggling during this time, and this $500,000 donation will provide hope and direct benefits to so many individuals.”
Phillips Foundation’s portfolio of Generational Grants in Guilford County now exceeds $22.5 million since 2013.
About Phillips Foundation
Phillips Foundation is a private family foundation and catalytic capital platform that leverages its assets to maximize social, environmental and financial value. For more information visit PhillipsFdtn.org.