Salisbury native and New York money manager Julian H. Robertson Jr. has given an
additional $5 million to the local foundation his family started in 1997 with an $18
million gift.The new gift arrived last week
at the office of District Court Judge William C. Kluttz Jr., who chairs The Blanche and
Julian Robertson Family Foundations board of directors.
Overwhelmed, Kluttz described the new gift as
a complete surprise.
As I have said in the past, Kluttz
said in a press release, extraordinary people do extraordinary things, and this
generous gift makes Julian Robertson the most extraordinary person I have ever met.
Dave Setzer, executive director of the foundation,
said the gift significantly increases the earning capacity of the foundation.
It arrived just 10 days before the March 1 grant
application deadline for the 2000 spring cycle of the foundation. The extra money will
provide more resources for future grants, funded with interest earned from the
foundations investments.
Applications for the spring grants must be in the
foundations office at 315 N. Main St. by 5 p.m. March 1 or postmarked no later than
March 1. The foundation board meets April 17 to make its decisions.
In its first two years, the Robertson Foundation
has made 75 grants totaling $3,378,782.
The foundation began operations Jan. 2, 1998, and
directs money to programs and projects in Salisbury and the surrounding area.
Robertson, founder and general partner of Tiger
Management in New York, has become one of the countrys leading philanthropists,
being listed in Worth Magazines annual report of the nations most charitable
people.
He has given generously to the Tiger Foundation,
which he established to help disadvantaged children and their families in the New York
City area. In 1998, he gave $25 million to New Yorks Lincoln Center for the
Performing Arts.
His other major gifts have gone to cancer research
and treatment, education and youth and family services.
Robertson is son of the late Julian and Blanche
Robertson. He grew up in Salisbury with sisters Wyndham and Blanche, and he serves on the
board of trustees of Catawba College. He and his wife, Josie, have three sons, including
Spencer Robertson, who sits on the local board of directors.
Other foundation board members include Wyndham
Robertson, Fred Corriher, Catrelia Hunter, James F. Hurley, Burnett Joiner, Margaret
Kluttz, Lillian Morgan, Fred Stanback Jr. and James G. Whitton.