“The Peyton Anderson Foundation in Macon, Georgia, was formed to distribute funds from the estate of Peyton T. Anderson Jr., based on his desire to improve and impact the communities of his hometown region. When Anderson died on April 24, 1988, he directed in his will that approximately $35 million of his state be used to establish the foundation.”
“The money I have is not mine. It’s not mine because this money was made in the community, and it was made because the community flourished,” he said. “Therefore, I was able to flourish and this money rightfully should go back into the well-being of the community.”
Excerpted from The Liberating Promise of Philanthropy.