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Phillips Foundation Donates $3.5 Million to GPAC
TRIAD BUSINESS JOURNAL
GREENSBORO, N.C. (May 20, 2013) — As part of its initial grant cycle, The Phillips Foundation has pledged $3.5 million toward the proposed downtown Greensboro performing arts center, foundation executive Elizabeth Phillips announced Monday.
The Phillips Foundation is a Greensboro-based endowment created from the estate of commercial and residential real estate developer Kermit G. Phillips, who died in 2008.
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Phillips Foundation is a private family foundation and catalytic capital platform that leverages its assets to maximize social, environmental and financial value.
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