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Frequently Asked Questions What are the "economically affected or tobacco-dependent regions of North Carolina"?
The Foundation's Articles of Incorporation state the Foundation is to use funds "to provide economic impact assistance to economically affected or tobacco-dependent regions of North Carolina." Golden LEAF accepts applications from all communities in North Carolina. However, preference is given to projects that will benefit tobacco-dependent, economically distressed and/or rural communities.
For this program announcement, the Foundation will not be providing grants directly to individuals. Individuals may however be the direct beneficiaries of nonprofit organizations that the Foundation supports, such as the scholarships that are available through the community college system. Additionally, other organizations funded by the Foundation may provide job training, college scholarships and emergency services at low or no cost – all to individuals. The Golden LEAF Foundation is a public charity exempt from federal income taxation as described in Section 501(c)(3) of the Internal Revenue Code. In order to maintain its status as a tax-exempt entity, the Foundation must assure, and be able to demonstrate via appropriate evidence, that its funds have been used for public purposes. Providing funds to private businesses would not constitute a public purpose.
It is expected that the amount for this annual grant cycle will be approximately $10 million. The Foundation will also make awards through Economic Catalyst Grants and its Community Assistance Initiative.
For this program announcement there is no maximum or minimum grant amount.
To date, Golden LEAF has received $706,546,189.63 in payments as a result of the settlement of litigation brought by North Carolina and 45 other states against manufacture of tobacco products. Since it began making grants in 2001, Golden LEAF has awarded 667 grants totaling $246,767,918.22 to non-profit organizations and government entities throughout North Carolina.
By 2025, it is anticipated the Foundation will have received approximately $2.3 billion in payments as a result of the tobacco settlement. The annual payments are not fixed and are dependent upon several variables, one being the number of cigarettes sold in the United States. Please refer to A Comparison of Foundations and Trust Funds Created as a Result of the Tobacco Settlement for more information regarding all funds set up with payments from the tobacco settlement.
Please refer to Annual Cycle Grants for current funding priorities.
Please refer to Annual Cycle Grants for current funding priorities.
The Golden LEAF Foundation has awarded funding for scholarships to:
If you are interested in applying for a Golden LEAF scholarship at any of the schools in the funded systems and have questions about your eligibility for a scholarship, please contact the financial aid office at the school where you are enrolled or plan to enroll. For additional information about a Golden LEAF scholarship, contact:
Information updated: 04/25/2008
Golden LEAF Foundation |
What are the "economically affected or tobacco-dependent regions of North Carolina"?