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The Foundation Center

PHILANTHROPY NEWS DIGEST
   Vol. 6, Issue 7
   February 15, 2000

Kathleen Price Bryan Family Fund Dissolves

The Kathleen Price Bryan Fund, one of North Carolina's largest private foundations, is dissolving. The fund's $70 million in assets will be split among three charitable groups managed by relatives of the fund's founders, Joseph M. and Kathleen Price Bryan: the Anonymous Fund, the Stewards Fund, and the Julian Price Family Foundation. None of the new funds is currently accepting applications or unsolicited grant proposals.

The recommendation to dissolve was made by the fund's board of trustees after it failed to hire a new executive director to replace William Massey, who resigned in 1998 to become president of the National Charities Information Bureau. The fund made no grants in 1999.

"The members reviewed the operation of the trust, " said acting executive director J.M. Bryan Taylor, "and reached a recommendation that was made as being the only action that could be taken to continue the good work that the members knew Mr. and Mrs. Bryan intended for this trust to achieve."

FCnote: The Kathleen Price Bryan Fund (NC) had assets of $70,012,817 and made grants totaling $2,818,205 in the year ending 12/31/98.

Cohen, Todd. "Kathleen Price Bryan Fund Is Splitting Up." Business Journal 2/14/2000.

Kathleen Price Bryan Family Fund Press Release 2/11/2000.

FC003173


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