The Golden LEAF Foundation, created with funds from the national tobacco settlement, has approved 39 grants totaling $5.1 million to help tobacco farmers and assists tobacco-dependent areas, The News & Observer reported Dec. 8.
The grants, which are the first awarded by the foundation, will help tobacco farmers grow grapes, provide community college scholarships, fund research on the medical uses of nicotine and pay for stress-reduction for farmers.
The foundation will receive half of North Carolina’s $4.6 billion share of the national tobacco settlement over the next 25 years.
The foundation has received $94.7 million from the settlement so far, but only plans to use investment income from its growing endowment to make grants.
For full story, go to the News & Observer.