Hollingsworth Funds

Hollingsworth Funds

Hollingsworth Funds originated in 1976 when textile machinery magnate John D. Hollingsworth, Jr. established the entity. The bulk of his estate transferred to the organization after his death in 2000. It functions as a charitable supporting organization with a mandate limited to Greenville County. The portfolio combines a $300 million liquid endowment with direct real estate holdings. Confirmed assets include Verdae Development valued at $115 million, the Bolden Street District redevelopment, and minority interests in Bonaventure office buildings. A separate allocation of 8.4 percent sits in private equity through DB Private Equity Global Fund III. All activity remains inside South Carolina with grantmaking that reaches Furman University and the YMCA of Greenville. The organization maintains eight professionals and holds membership in Together SC, the Upstate SC Alliance, the Greenville Chamber of Commerce, and Liberty Fellowship. Verdae Development, Inc. and Verdae Properties, LLC operate as wholly owned subsidiaries. No leadership transitions or new commitments have been recorded in the last 24 months.