The Leon Levine Foundation: A Bold New Chapter of Philanthropy
The Leon Levine Foundation Reaches New Heights
The Leon Levine Foundation (TLLF), a prominent philanthropic entity in the Southeast, has announced a remarkable achievement: its assets have soared to an impressive $2 billion. This significant milestone represents a nearly threefold increase since 2023, showcasing the institution's growth and commitment to making a difference.
A Legacy of Generosity
This extraordinary expansion can be attributed to the enduring generosity of Leon Levine, the founder of Family Dollar Stores. His vision and substantial financial contributions to the foundation have set a powerful precedent for philanthropy. Today, TLLF stands as North Carolina's second-largest private foundation and ranks among the top philanthropic organizations nationwide.
Transformational Leadership
Tom Lawrence, the president and CEO of TLLF, reflects on this new chapter with enthusiasm. "The sun is rising on a new era for The Leon Levine Foundation: one marked by legacy with urgency," he stated. To harness this moment, the foundation has expanded its board and assembled a team dedicated to leading transformative change in communities.
Record Grantmaking Initiatives
In an effort to amplify its impact, TLLF has substantially increased its grantmaking activities throughout the Carolinas. With partnerships established with over 400 grantee organizations, the foundation awarded a record $101 million in grants within fiscal year 2025. This achievement raises the total grants distributed since its inception in 1980 to an astounding $590 million, demonstrating TLLF's commitment to community enrichment.
A Vision for the Future
Looking ahead, TLLF is poised to enter an ambitious new era of strategic grantmaking focus on empowering underserved communities. This includes a commitment to strengthening the Jewish community, and grants will align with TLLF's core mission areas of healthcare, education, human services, and Jewish values. The aim is to discover bold, innovative solutions from both new and existing partners that address challenges at a larger scale.
Sustainable Investment Strategies
Additionally, the foundation is transitioning its investment strategy to ensure that every dollar contributes to both financial returns and measurable social impact. This dual focus is designed to maximize resources to create lasting change within the communities it serves.
Honoring Leon Levine's Commitment
In line with Leon Levine's legacy, TLLF aims to engage deeply with the communities it supports. Board Chair Michael Tarwater emphasized the foundation's dedication to honoring Levine's contributions by focusing their philanthropy where it matters most. Their mission embodies a commitment to facilitating impactful change across North and South Carolina.
An Urgent Commitment to Change
With a bold strategic commitment at heart, the Foundation intends to spend down all its assets, aiming to conclude operations within the next 50 years. This decision underscores the belief that urgent giving can foster significant, lasting impacts rather than prioritizing self-preservation.
Working Towards Self-Sufficiency
Lawrence encapsulates this philosophy perfectly: "The goal is self-sufficiency for our neighbors, not self-preservation for us." TLLF is enthusiastic about accelerating the progress of partnering organizations that are already achieving remarkable outcomes. The foundation believes that the influence of such work will surpass the work of any single institution, extending Leon Levine's legacy well into the future.
Empowering Change Through Resources
In conjunction with these announcements, TLLF has launched a dedicated microsite. This resource hub offers partners access to guidelines, valuable information, and insights from the Foundation's leadership.
About The Leon Levine Foundation
Founded in 1980 by the visionary Leon Levine, who previously chaired Family Dollar Stores, Inc., the foundation aims to empower disadvantaged communities in the Carolinas and strengthen the Jewish community. Through support for initiatives aligned with education, healthcare, human services, and Jewish values, TLLF invests strategically in non-profits characterized by strong leadership and a clear path toward financial sustainability.
Frequently Asked Questions
What is the new asset level of The Leon Levine Foundation?
The foundation has reached $2 billion in assets, reflecting significant growth.
What areas does The Leon Levine Foundation focus its grants on?
TLLF grants focus on healthcare, human services, education, and Jewish values.
How much money has TLLF awarded since its inception?
Since its establishment in 1980, TLLF has awarded a total of $590 million in grants.
What is the foundation's vision for the future?
TLLF aims to empower communities and ensure self-sufficiency with a focus on innovative solutions.
How can partners access resources from TLLF?
Partners can explore a microsite launched by TLLF for guidelines and additional resources.
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