Community Endowment Board holds second listening session to hear how community wants money spent
WILMINGTON, N.C. (WECT) - A listening session by the group set to decide how the bulk of the money from the sale of New Hanover Regional Medical Center will be spent was held tonight to hear from those interested in how that money will be spent.
The listening session is the second of its kind where members representing nonprofits, as well as the community at large, had a chance to offer their thoughts on the matter.
There is $1.25 billion at stake, and the 13-member board is tasked with finding ways to best use it. The endowment was created to focus on several main points including education, equity, public safety, and community development.
The board still has some time before a decision has to be made on how to spend the money. Proposals for grants are not being accepted until the fall of next year.
The meeting is expected to last several hours and you can watch online.
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