Thrive Fund is making significant contributions towards Charlotte’s Arts.

Launched in summer 2012 under a low profile, Thrive Fund’s initial goal was to provide financial stability for the Charlotte Symphony Orchestra. Under the leadership of former Bank of America Chairman and CEO Hugh McColl, it soon exceeded expectations, raising $34 million in pledges to underwrite Charlotte's cultural sector.

“Charlotte is a great city that didn’t happen by accident,” said McColl. “This is a major thing for our city. We’ve got great arts and we need to keep them.”

Thrive is designed to pay out over a decade. Administered by the Foundation for the Carolinas with input from the Arts & Science Council, it is expected to address the needs of the city’s foremost cultural institutions. The fund plans to reach $45 million in pledges by the end of the year.

 

Photo Caption/Credit: Former Bank of America president Hugh McColl, left, started a campaign to raise money for the Charlotte Symphony, but it expanded to the Thrive fund to include other arts groups. Former Arts & Science Council President Scott Provancher is spearheading efforts. Jeff Siner - [email protected]