Two corporate foundations established by the former Cone Mills and Dillard Paper companies have created donor-advised funds at the Community Foundation at Greater Greensboro.
Creation of the two funds, which together total over $5 million, ensure the names of the two companies will be preserved, says Walker Sanders, president of the community foundation.
“We wanted to make sure those long-standing Greensboro companies always had a connection to Greensboro,” Sanders says.
Both Greensboro-based firms, which were major employers and leading corporate citizens, were purchased in the last decade, Cone Mills by International Textile Group, and Dillard Paper by xpedx.
“We are thrilled to partner with foundations so important to Greensboro’s past,” Sanders says. “I have no doubt that through their donor-advised funds with us, both Cone and Dillard will continue to make an important impact on the quality of life and work for people in the Greensboro area.”