Foundation for the Carolinas Receives $30 Million Gift

Foundation for the Carolinas Receives $30 Million Gift

The Foundation for the Carolinas has announced a $30 million gift from Derick Springsteen Close to his donor-advised fund at the foundation.

The gift follows the sale of the NFL Carolina Panthers team, in which Close had an ownership stake, for a record $2.275 billion. Close and his wife, Sallie, have pledged to make additional gifts to the Springsteen Foundation, their fund at the foundation, and consult Close's children, Baxter Petrone, Claude Close, and Craddock Close, to shape its grantmaking.

"We will focus our philanthropy on improving lives for those in our community, with an emphasis on human services, health, and education," Close said. "Giving back to the community is very important to me and my family. This gift will allow us to continue the legacy of philanthropy started by my grandfather, Colonel Elliott White Springs, in 1942 and continued by the Springs Close Foundation led by my mother, Anne Springs Close."

"Derick Close is a generous philanthropist who is making a significant impact on our region through both lifetime and legacy gifts," said FFTC president and CEO Michael Marsicano. "We are grateful for Derick's magnanimity; his gift will benefit our community for many years to come. He joins a national movement of select philanthropists in America who are making substantial giving pledges, setting new and higher standards of generosity."

"Panthers Sale Leads to $30 Million Gift for Springsteen Foundation." Foundation for the Carolinas Press Release 07/16/2018.