History

FOUNDED IN 2002 and fully endowed by 2014, Phillips Foundation represents the philanthropic legacy of its founder, Kermit G. Phillips II, a successful real estate entrepreneur and businessman from Greensboro, North Carolina. Mr. Phillips generously supported several charitable causes during his lifetime and entrusted the stewardship of this legacy to his direct descendants who comprise the Board of Trustees.

Currently, the Trustees have elected to use a community-based approach to focus the Foundation’s grant making on Guilford County, North Carolina, while leveraging the full endowment to catalyze impact at a global level through values-aligned investing, including impact investing. Informed by Mr. Phillips’ entrepreneurial approach, the Trustees seek opportunities through which they may add unique value, maximize leverage through collaboration with diverse stakeholders, establish innovative funding vehicles, and achieve sustainable systemic change often through collective impact models.

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