Mary Reynolds Babcock Foundation

Although based in Winston-Salem, the Mary Reynolds Babcock Foundation also supports a number of community-based groups in Durham. In 2006, Foundation grants in Durham included a $300,000 grant to SJF Ventures to assist with its job creations and a $150,000 grant to the Latino Community Credit Union to support the credit union's home ownership and home counseling programs. With an asset base of over $175 million, the Mary Reynolds Babcock Foundation seeks to increase financial investments in the economic development of low-wealth communities through below market program-related investments and some market-rate investments that reflect their values and advance their mission.