The Community Foundation of Western North Carolina 2023 Annual Report

Page 8

$34 Million in Distributions 55 New Funds Established

Year

GRANTS BY PROGRAM AREA

$30.8 Million in New Gifts $408 Million Total Assets (6/30/23) $362 Million Total Distributions Since 1978

IN REVIEW

CFWNC approved scholarships totaling $558,000 to 96 WNC students in 53 schools in 19 counties. More than 60 volunteers worked to review applications and select recipients. Nancy Membreno from School of Inquiry & Life Sciences at Asheville was awarded the Marilyn Lester and William Lester Scholarship valued at $40,000 over four years. The Lester Scholarship Fund was established by Marilyn Lester to reflect the pride and affection that she and her late brother Bill felt in being Asheville natives. Most especially, she wanted to express appreciation for the education she and Bill received in the Asheville City Schools system, particularly at Lee Edwards High School, now Asheville High School. Photo courtesy of Nancy Membreno


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