Generously Speaking with Tom Lawrence

Allan and Clare interview Tom Lawrence, President, The Leon Levine Foundation

Leon Levine founded Family Dollar stores in 1959 and created the Leon Levine Foundation in 1980Leon Levine was a great negotiator and passed savings to his customers, a philosophy that translates to the giving of the foundation – moving from poverty to self-sufficiencyThe Foundation focused almost all giving in Mecklenburg County, until 2016. Now with a refined strategy, expanded to focus on NC and SC, just as Family Dollar did in its early expansionSeeing many changes for nonprofits throughout the pandemic – shared several examples of increased needs that nonprofits are helping to meet; also shared examples of great innovationsWhat makes an agency strong: Very effective leadership (staff and board) Impact – measurable, trends, how do you consider successSustainability – comfortable with long-term operationsInnovation, preparedness for crisesFlex – to provide more general operating funds vs. restricted as nonprofits leverage innovationAdvice to nonprofits at this time:Continue to focus on your mission (with a solid contingency plan)Board engagement (staff and board aligned), use board connectionsFinding the good, focus on the winsBe aware of nonprofits’ staff’s mental healthImpact of pandemic on future of sector: additional pressures such as deferral of service needs will have lasting effects on long-term demands; risk of students falling behind due to lack of resources; housing needs increase as evictions become more likely in 2021 - - but also for the nonprofit sector “it’s a time to shine” – positive outcomes will happen as a result of crisisExample of generosity: Leon Levine’s response to the 2008 economic recession – an inspirational $1 million gift during a time of a huge pull-back in giving and a huge spike in need

Name: Thomas W. Lawrence, III CFA, CPA

President, The Leon Levine Foundation

L&L Management, Inc.

6000 Fairview Road, Suite 1525

Charlotte, NC 28210

704.817.6502

The Leon Levine Foundation:

Created in 1980 by Leon Levine (Founder and Chairman Emeritus of Family Dollar Stores, Inc.), The Leon Levine Foundation’s mission is to improve the human condition by creating permanent, measurable, and life-changing impact throughout the Carolinas. Based in Charlotte, N.C., the foundation invests in nonprofits with strong leadership, a track record of success, and a focus on sustainability in the areas of healthcare, education, Jewish values, and human services.