The North Carolina GlaxoSmithKline Foundation is an independent self-funding 501(c)3 nonprofit organization supporting activities that help meet the educational and health needs of today's society and future generations. For decades, the Foundation has been a proud supporter of programs in our state that help advance science, health and education.
The Foundation is governed by a Board of Directors that includes community leaders and GSK corporate executives. The day to day operations are overseen by the staff.
The Foundation was the vision of Glaxo chairman and chief executive, the late Joseph J. Ruvane, Jr. Mr. Ruvane brought the company from Florida to the Research Triangle Park and with it his passion for community. His vision was to establish an annually budgeted corporate giving program and a stable, long-term source of support for our state. In 1996, the company ceased funding the foundation. The foundation's growth is based solely on investment and market growth derived from its own independent endowment.
Since our establishment in 1986, we have awarded $65 million in grants. We pay approximately $3 million in grants each year to North Carolina nonprofit organizations.