Family Foundations: Millennials Take Charge

Barron's Penta

The elders of Greensboro, N.C., will probably tell you that the public image of the self-centered millennial generation needs a rethink. They have good reason. Kevin and Elizabeth Phillips, a couple in their 20s, have materially helped reinvent the economy and culture in Guilford County by employing their family’s foundation to support programs that put every local kid through college, built a $78 million performing arts center, reduced chronic homelessness to zero, and established a modern nursing school. And those are just a few of the innovative philanthropic projects they helped unleash within the past five years.

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