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The Golden LEAF Foundation
Foundation · Founded 1999 · Rocky Mount, United States
Who The Golden LEAF Foundation is.
- Historical Background
- The Golden LEAF Foundation was established in 1999 as a nonprofit corporation by the North Carolina General Assembly. It was created to receive and distribute half of the funds allocated to North Carolina from the Master Settlement Agreement with cigarette manufacturers. The foundation's charter is to promote the social welfare and lessen the burdens of government by providing economic assistance to the state's tobacco-dependent and economically distressed regions.
- Source of Capital
- The foundation is funded by half of the payments from the 1998 Master Settlement Agreement with cigarette companies that are directed to North Carolina. A significant portion of its operational and grantmaking budget is also derived from the returns on its investment portfolio, which was valued at $1.34 billion as of February 2024.
- Major Events
- In 2024, the foundation marked its 25th anniversary with a brand rollout and the launch of a new website to reflect its ongoing mission.
- Allocation Strategy
- The foundation's capital is allocated through grants and investments aimed at strengthening the long-term economy of specific North Carolina communities. Its geographical focus is exclusively on North Carolina's rural, economically distressed, and tobacco-dependent communities. The strategy centers on funding projects in five key areas: job creation and economic investment, workforce preparedness, agriculture, community vitality, and public-private partnerships.
The funds The Golden LEAF Foundation backs.
The Golden LEAF Foundation is a limited partner in 16 funds. 1 of them place in the Power Law Investor Ranking; those lead, best-ranked first.
How The Golden LEAF Foundation’s fund book is spread.
The 16 funds The Golden LEAF Foundation backs, by where the manager is headquartered and how many funds that manager has raised.
Where those managers are based
By fund headquarters.
- North America 1275%
- Europe 319%
- Rest of world 16%
United States 12 · Switzerland 2 · China 1 · Ireland 1
How established those managers are
Managers grouped by how many funds they have raised — across the 9 of 16 with a fund history on record.
The companies The Golden LEAF Foundation backs directly.
The Golden LEAF Foundation holds 2 companies directly, separate from the funds it commits to as a limited partner.
Other LPs.
Other foundations in the Power Law LP ranking, closest to The Golden LEAF Foundation by combined power-law score — North America first, then the nearest worldwide.