How We Operate

The Julian Brown Memorial Fund (the “Fund”) conducts fundraising events and solicits contributions to provide athletic scholarships and other  awards through nonprofit organizations (e.g., a scholarship to a soccer camp held by the YMCA).

The Fund is a component fund of Foundation For The Carolinas (FFTC), a community foundation.  Because FFTC is a public charity, contributions to the Fund qualify for the maximum allowable deductibility for income, gift and estate tax purposes, though certain types of contributions are not deductible, such as raffles, auctions and other contributions for which the donor received a benefit.  The Fund's Board of Directors has advisory privileges with respect to the Fund.  As the Fund’s advisor, the Fund's Board of Directors may make recommendations to FFTC regarding investment decisions and grant distributions.

Major decisions of The Julian Brown Memorial Fund are governed by the Board of Directors of the Fund, or by other established guidelines and operating conventions.   You may ask other questions regarding our goals and objectives by using our automated frequently asked questions (FAQ) feature.