Alfred Johnston Fletcher, founder and president of Capitol Broadcasting Co. Inc. in Raleigh, N.C., created the A.J. Fletcher Foundation in the late 1940’s as a supporting fund for an opera company he established, now the A.J. Fletcher Opera Institute at the N.C. School of the Arts in Winston-Salem.
The foundation was a quiet, relatively unknown supporter of musical institutions and scholarships in area colleges until fairly recently.
In 1986, its assets more than doubled on the sale of its interest in a large insurance company.
Located in the historic Briggs Hardware building in downtown Raleigh, the foundation is organized to support The Fletcher Academy School of Achievement, a school in Raleigh for learning-disabled children, the foundation is flexible in its funding, supports a broad range of causes, and serves as an advocate for human services.
Its chairman is Jim Goodmon, a grandson of A.J. Fletcher who is married to Barbara Goodmon and is chief executive officer of Capitol Broadcasting Co. Inc.