| 词条 | Benwood Foundation |
| 释义 |
|name = Benwood Foundation |image = Logo Benwood Foundation.svg |size = |abbreviation = |motto = The Benwood Foundation supports innovative community efforts that help to make Chattanooga great |formation = 1944 |type = Charitable Foundation |headquarters = Chattanooga,TN, United States |leader_title = President |leader_name = Sarah Morgan |key_people = | revenue = $6,579,953[1] | revenue_year = 2015 | expenses = $11,100,092[1] | expenses_year = 2015 |website = www.benwood.org }}The Benwood Foundation is a charitable foundation created in 1944 by George Hunter in honor of his uncle, Benjamin Thomas who pioneered the Coca-Cola bottling industry and founded the Coca-Cola Bottling Company. George Hunter was the heir of Benjamin Thomas, and much of the wealth related to the Coca-Cola Bottling Company passed on to the Foundation. As of 2004 The Benwood Foundation distributes between $4 and $5 million annually in grants and donations.[2] HistoryUpon George Hunter's death in 1950, 70 percent of the Coca-Cola Bottling Company stock went to the Foundation. This led to a probate law precedent-setting lawsuit when family members sued regarding the tax status of the donation. A 1952 court ruling stated that the Foundation did not have to pay death duties, which became the responsibility of the residuary estate. The ruling was upheld on appeal.[3] FocusThe Foundation's grantmaking focus is on Public Education, Arts & Culture, the Environment, and Neighborhood & Community Development. See also
External links
References1. ^1 {{cite web | url=http://990s.foundationcenter.org/990pf_pdf_archive/620/620476283/620476283_201512_990PF.pdf | title=Benwood Foundation Inc. | date= | website=Foundation Center | accessdate=22 June 2017 }} 2. ^Benwood Foundation Taking Time To Reassess, The Chattanoogan, December 12, 2004 3. ^{{cite_encyclopedia|title=Benwood Foundation |url=http://tennesseeencyclopedia.net/entry.php?rec=83 |encyclopedia=The Tennessee Encyclopedia of History and Culture |author=Ned L. Irwin |year=1998}} 4 : Foundations based in the United States|Organizations established in 1944|Organizations based in Tennessee|Coca-Cola |
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