[citation needed] The Foundation donates millions of dollars annually in the state of North Carolina.
[citation needed] During the 2007–2008 financial crisis, the value of the Foundation's trust declined 30% from its high of $470 million in November 2007.
The Foundation subsequently announced plans to revise the way it processes grants.
The Foundation, which has focused on affordable housing, immigration, education and the environment, will focus its environmental grants on water, energy and growth.
[citation needed] In the past, the foundation has paid for a study about North Carolina's Work First welfare reform program, conducted by University of North Carolina at Chapel Hill researchers.