Z. Smith Reynolds Foundation

The Z. Smith Reynolds Foundation was formed by Mary Reynolds Babcock and her siblings to honor their brother, Zachary Smith Reynolds, who died under mysterious circumstances at the age of 20 at the Reynolds family home, Reynolda House.^{[citation needed]} The Foundation donates millions of dollars annually in the state of North Carolina. In 2008, the fund donated $18 million in grants, including $2 million to Wake Forest University.^{[citation needed]}

Z.Smith Reynolds Foundation

Founder	R.J. Reynolds Jr., Mary Reynolds Babcock and Nancy Susan Reynolds Bagley
Focus	State-Level Systemic Change Strategy; Community-Based Strategy; Exploratory, Visionary Ideas Strategy
Location	Winston-Salem, North Carolina, United States
Origins	Reynolds family tobacco fortune
Area served	Piedmont Triad, North Carolina
Method	Grants, Funding
Key people	Maurice “Mo” Green, executive director
Revenue	$22,168,036[1] (2018)
Expenses	$20,616,224[1] (2018)
Website	www.zsr.org

During the 2008 financial crisis, the value of the Foundation's trust declined 30% from its high of $470 million in November 2007. The Foundation subsequently announced plans to revise the way it processes grants. The Foundation, which has focused on affordable housing, immigration, education and the environment, will focus its environmental grants on water, energy and growth.^{[citation needed]} The Foundation's grants were slightly less (at $16 million) than the $18 million given in 2008, but cuts were steeper in 2010 and 2011.^{[citation needed]}

In the past, the foundation has paid for a study about North Carolina's Work First welfare reform program, conducted by University of North Carolina at Chapel Hill researchers.^{[citation needed]}