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Mary Reynolds Babcock Foundation, Inc.

Profile

Last Updated: 2016-06-06

At A Glance

Mary Reynolds Babcock Foundation, Inc.

2920 Reynolda Rd.

Winston-Salem, NC United States 27106-3016

Telephone: (336) 748-9222

URL: www.mrbf.org

Type of Grantmaker

Independent foundation

Additional Descriptor

  • Family foundation

Financial Data

(yr. ended 2014-12-31)

Assets: $184,383,567

Total giving: $7,231,315

EIN

560690140

Bridge Number

5503655646

Background

Incorporated in 1953 in NC - Mrs. Babcock's will allowed for flexibility in the use of the foundation's resources for meeting changing needs of society and improving the human condition. Her father was R. J. Reynolds, founder of R. J. Reynolds Tobacco Company. Since Mrs. Babcock's death in 1953, the foundation has assisted a variety of activities. In the past, the foundation committed substantial portions of its funds to educational institutions for building construction and for scholarship aid. It also provided strong support for health and medical research programs and for religion The foundation is a signatory to Philanthropy’s Promise, an initiative of the National Committee for Responsive Philanthropy. (NCRP). By signing on, the grantmaker has committed to allocating the majority of its grantmaking dollars to marginalized communities and at least 25 percent to social justice strategies, such as advocacy, community organizing, and civic engagement.

Purpose and Activities

The foundation supports people in the southeast to build just and caring communities that nurture people, spur enterprise, bridge differences, and foster fairness. Its mission is to help people and places to move out of poverty and achieve greater social and economic justice. The foundation supports organizations and networks that work across race, ethnic, economic and political differences to make possible a brighter future for all.

Program Area(s)

The grantmaker has identified the following area(s) of interest:

Program-Related Investment

The foundation has made PRIs in the form of a limited number of below-market-rate investments in economic development projects in low-wealth communities.

Fields of Interest

Subjects
  • Community and economic development
  • Education
  • Employment
  • Housing development
Population Groups
  • Adults
  • Children and youth
  • Economically disadvantaged people
  • Ethnic and racial groups
  • Low-income and poor people

Financial Data

Year ended 2014-12-31

Assets: $184,383,567 (market value)

Expenditures: $10,060,694

Total giving: $7,231,315

Qualifying distributions: $9,536,256