Z. Smith Reynolds Foundation

The Z. Smith Reynolds Foundation was formed by R. J. Reynolds' daughter, Mary Reynolds Babcock, and her siblings to honor their brother, Zachary Smith Reynolds, who was murdered at the age of 20 at the Reynolds family home, Reynolda House.[3] The Foundation to this day gives away millions of dollars annually in the state of North Carolina. In 2008, the fund gave away $18 million in grants, including $2 million to Wake Forest University.[2]

Z.Smith Reynolds Foundation
FounderR.J. Reynolds, Jr., Mary Reynolds Babcock and Nancy Susan Reynolds Bagley. William Neal Reynolds also created a trust, which provides a portion of ZSR’s annual income.
FocusState-Level Systemic Change Strategy; Community-Based Strategy; Exploratory, Visionary Ideas Strategy
Location
OriginsReynolds family tobacco fortune
Area served
Piedmont Triad, North Carolina
MethodGrants, Funding
Key people
Maurice “Mo” Green, executive director
Revenue (2018)
$22,168,036[1]
Expenses (2018)$20,616,224[1]
Endowmentpeak of $470 million[2]
Websitewww.zsr.org

During the financial crisis of 2007–2008, the value of the Foundation's trust declined 30% from its high of $470 million in November 2007.[2] The Foundation subsequently announced plans to revise the way it processes grants.[2] The Foundation, which has focused on affordable housing, immigration, education and the environment, will focus its environmental grants on water, energy and growth.[2] The Foundation's grants will be slightly less (at $16 million) than the $18 million given in 2008, but cuts will be steeper in 2010 and 2011.[4]

In the past, the foundation has paid for a study about North Carolina's Work First welfare reform program, conducted by University of North Carolina at Chapel Hill researchers.[5]

Current Framework for Grantmaking and Learning

The Z. Smith Reynolds Foundation's Framework reflects a longstanding commitment to improving the quality of life for all North Carolinians. It infuses what was heard during a statewide listening and learning tour about what is critical, and visionary, at this moment in time.[6]

All For NC: ZSR’s Framework for Grantmaking and Learning builds from the strategies of the Foundation's emerging direction[7] and aligns with its mission and core values to:

  • Support a network of organizations that are working to affect change through a State-Level Systemic Change Strategy;
  • Create more connections between people, places, organizations and sectors who are working to impact the communities in which they live through a Community-Based Strategy; and
  • Remain open to bold, unconventional or higher-risk ideas that have transformative potential through an Exploratory, Visionary Ideas Strategy.

Alongside these three main strategies, the Foundation also has expressed its commitment to:

  • Augment its participation in its hometown of Winston-Salem/Forsyth County,
  • Use a racial equity lens to underpin all of its work, and
  • Continue to be a learning organization.[8]

The intent of the Foundation's Framework for Grantmaking and Learning is to provide different strategies that meet people and communities where they are, as well as to break down the silos of traditional focus areas, allow more flexibility in grantmaking, and provide multiple entry points for potential applicants.[9]

References
  1. "2018 ZSR Financials" (PDF). Z. Smith Reynolds Foundation. Retrieved 24 March 2020.
  2. Cohen, Todd (2009-01-14). "Z. Smith Reynolds focusing on change". The Philanthropy Journal.
  3. Roberts, Dave (July 1970). "M O N U M E N T S of Brick and Learning". Wake Forest University Magazine.
  4. Boney, Ret (2009-04-13). "Reynolds Foundation holding steady in '09". The Philanthropy Journal.
  5. Kelleher, Christine (2002). "Meeting Challenges: North Carolina Responds to Welfare Reform, 1996–2001" (.doc). UNC-Chapel Hill Odum Research Institute.
  6. "ZSR All for NC - Learning". all-for-nc.zsr.org. Retrieved 2020-03-24.
  7. "ZSR All for NC - Emerging Direction". all-for-nc.zsr.org. Retrieved 2020-03-24.
  8. "Z. Smith Reynolds Foundation's Commitments | Z. Smith Reynolds Foundation". www.zsr.org. Retrieved 2020-03-24.
  9. "Update on Z. Smith Reynolds Foundation's NEW Framework for Grantmaking and Learning | Z. Smith Reynolds Foundation". www.zsr.org. Retrieved 2020-03-24.
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