Pope Foundation Marks 20 Years of Giving in 2006
The John William Pope Foundation marked its 20th year anniversary in 2006. Triangle Business Journal wrote this story on the Foundation’s 20-year milestone, emphasizing the increased funds devoted to humanitarian and public policy causes:
Formed in 1986 and funded mainly with donations from the Pope family and Variety Wholesalers, the discount retailer Pope’s grandfather founded in the 1930s, the foundation helped launch and has been the biggest supporter of the John Locke Foundation, an influential conservative policy, research and advocacy group formed in 1990.
The Pope Foundation also has been a steady supporter of other state and national policy groups, higher education, and a broad range of local charitable and religious groups.
The Pope family and Variety Wholesalers donated $3.8 million to the foundation in the fiscal year ended last June 30.
With assets worth nearly $53.6 million in fair market value last June 30, according to the Form 990 it filed with the IRS, the foundation in fiscal 2005 made grants totaling just over $7.4 million.
That included nearly $3.2 million for policy work in North Carolina, nearly $1.1 million for national policy work, nearly $1.8 million for university and student groups, mainly in North Carolina, and over $1.3 million for local educational, charitable, humanitarian, cultural and religious groups.
To learn more about the Pope Foundation’s four areas of philanthropic giving — public policy, education, humanitarian, and the arts — click here.Categories: Humanitarian, Public Policy