The board of advisors of the Futrell-Mauldin Community Foundation for Greater Rocky Mount announces the establishment of three new funds, board President Samuel Johnson said.
Recently created were the Red Oak Alumni Scholarship, the Michael and Phyllis May Endowment Fund and the Michael and Phyllis May Foundation Funds. These endowments are held with the local affiliate in Rocky Mount and administered by the N.C. Community Foundation.
The Red Oak Alumni Scholarship will benefit high school graduates wishing to pursue their education at an institution of higher learning, including a college, university or community college. Special consideration will be given to students who have an association with the former Red Oak School, such as family members who were employed or taught at the former Nash County school. Students must have a high school GPA of 2.63 or above, show evidence of academic promise, involvement and leadership in extra-curricular school, community or church activities and demonstration of high moral character and good citizenship.
An establishing gift was made to the fund by Michael May in honor of his mother, Virgie May, who was a long-time teacher at Red Oak School.
Also established were the Michael and Phyllis May Endowment Fund and the Michael and Phyllis May Foundation, both established to benefit general charitable purposes throughout the state especially the Children’s Language and Learning Centers at East Carolina University and Appalachian State University (The Scottish Rite Masons Foundation), the Red Oak Scholarship Foundation and small churches in Eastern North Carolina.
“We are delighted to welcome these new funds to the Futrell-Mauldin Community Foundation and encourage others to consider the many possibilities of supporting their communities and charitable interests through the creation of endowments,” Johnson said.
For more information, call regional associate Kelly Lee at 252-245-1794.
To make a donation to any of these new funds (or any fund held with the Futrell-Mauldin Community Foundation,) visit nccommunityfoundation.org and click on “Give Now.” Or simply make your check out to the named fund and mail it to: NC Community Foundation, PO Box 7394, Rocky Mount, NC 27804.
About the N.C. Community Foundation:
The NCCF is the single statewide community foundation serving North Carolina and has made nearly $68 million in grants since its inception in 1988. With more than $156 million in assets, the NCCF sustains over 1,000 funds and endowments established to provide long-term support of a broad range of community needs, nonprofit organizations, institutions and scholarships. The NCCF partners with 60 affiliate foundations to provide local resource allocation and community assistance in 67 counties across the state. An important component of NCCF’s mission is to ensure that rural philanthropy has a voice at local, regional and national levels. For more information, visit nccommunityfoundation.org and Facebook and follow us on Twitter @NCCF.