W. Alton Jones to Dissolve

Charlottesville’s W. Alton Jones Foundation, quite surprisingly, has announced that they’re dissolving the organization. Its $400M in assets will be distributed among three new charitable organization, each to be headed by a member of the Jones family. In their press release, the foundation describes this as a step forward for the organization, saying that it “will help build upon the tremendous accomplishments of the W. Alton Jones Foundation, while providing the opportunity to explore additional areas of philanthropic activity.” The W. Alton Jones Foundation was founded in 1944 with a goal “to promote the well-being and general good of mankind throughout the world,” and is known nationwide for their charitable acts and regularl sponsorship of National Public Radio.