The Community Foundation of Greater Greensboro announced it had received the largest gift in its history, this week at the annual meeting.
The contribution of $50 million is a bequest from Buddy Weill, who passed away in June 2020. His gift will create a permanent field of interest endowment for capital expansions and improvement of facilities that support eldercare and healthcare.
To put the $50 million bequest from Weill in perspective, the contributions to the Community Foundation for 2020 totaled $85.7 million, which means Weill’s contribution more than doubled the contributions from all other sources. In 2019, contributions to the Community Foundation totaled $41.2 million.
President of the Community Foundation Walker Sanders said, “This is truly a historic moment for Greensboro. Buddy’s generosity and vision will have a significant impact on this community for generations.”
Weill was a native of Greensboro with a career in the insurance and real estate business. He owned and operated Weill Investment Company and was president and CEO of Robins & Weill Inc., which his father founded in 1911.
Weill was instrumental in helping to establish Well-Spring, A Life Plan Community and served as chair of the board of trustees.
Weil was also the first chair of the board of trustees of Cone Health who was not a member of the Cone family.
Sanders said, “Having served on the Foundation’s Real Estate Management Committee and as a former member of our Board of Directors, Buddy was keenly aware of how the Foundation could help him leave a legacy of supporting care for the elderly population in Greensboro. It’s our honor to help make his dream a reality.”
The Community Foundation has assets of over $295 million with approximately 700 charitable funds under management. In 2020 it made grants totaling $35.3 million.
Please use this money to educate the groups of people in Greensboro that are bent of destroying our city.Don’t just give it away to those that will not help Greensboro.Do not allow anyone on the council receive any of it .Put it to a good use .HELP our community,first and cronies last.!!