Our History

A n extraordinarily private individual, John D. Hollingsworth, Jr. established Hollingsworth Funds Inc. a charitable supporting organization, in 1976 as a means to provide anonymous support to the people of his adopted hometown. Upon his death in 2000, the bulk of his self-made textile and real estate fortune—valued at some $290 million—passed to Hollingsworth Funds. Under provisions of the trust documents, 45% of the annual distributions are designated for Furman University, 10% to the YMCA of Greenville and 45% to 501(c)(3) public charities operating for the benefit of Greenville County. Since that time, Hollingsworth Funds has faithfully performed its responsibility,

distributing more than $42 million to named beneficiaries and other Greenville nonprofit organizations. In addition to charitable distributions, the sale and development of Hollingsworth Funds real estate has also brought about significant economic development and opportunity for the Greenville area. Already, there’s the Millennium Campus, the Clemson University International Center for Automotive Research, the Shops at Greenridge and the 1,100-acre master planned development known as Verdae.


John D. Hollingsworth, Jr.

Born in Atlanta, GA in 1917, John D. Hollingsworth, Jr. moved to Greenville, SC at a very young age. His grandfather, Pinkney C. Hollingsworth started the family textile machinery business with a mule-drawn wagon in the late 1800s until his father, John D. Hollingsworth, Sr. traded in the wagon for a truck in 1919 and operated the company out of the garage of the family’s house in Greenville. John Jr. was 10 years old when he began to tag along with his father on trips to the areas textile mills to help fix the machinery and he took over the company when his father died in 1942. Hollingsworth built John D. Hollingsworth on Wheels into one of the world’s leading fiber-processing equipment makers, inventing machinery that separated textile fibers ten times faster than earlier machines. He was recognized worldwide by his customers for providing immaculate service and was ultimately credited in part with revitalizing America’s textile machinery industry. Outside of his business, Hollingsworth had a keen interest in real estate. He spent 40 years amassing 42,000 acres, making him one of the largest private landowners in South Carolina.

Our Vision

To ensure that Greenville County is a vibrant and successful community where everyone has a meaningful opportunity to achieve their highest potential.

Our Mission

To use our social, moral, intellectual, reputational and financial capital to invest thoughtfully in highly effective nonprofit organizations and initiatives in Greenville County.

Our Values


We hold ourselves and our community stakeholders accountable for the actions we all take and we aim to actively monitor, evaluate and learn from the results.


We aim to listen first and understand the experiences of those we seek to support.


We believe in fair access to opportunities for all.


We strive to surpass ordinary standards in everything we do.


We do what we say we are going to do and acknowledge our mistakes when we make them.

Our Financials

We understand and value the trust instilled in us by the individuals and organizations of our community. That is why we are dedicated to financial transparency and fairness in all our operations. Please take a moment to review our financial statements



James W. Terry, Jr.

President & CEO

Jim began his role with Hollingsworth Funds in February 2010, establishing early in his tenure an overarching drive to improve operating activities and efficiencies in order to accelerate growth of Funds’ investment holdings. Jim graduated from UNC Chapel Hill with a degree in marketing and business. His career has included 20 years in multiple roles with First Union National Bank, including Regional President and Executive VP of Corporate Banking, and 17 years with Carolina First Bank as President of Carolina First S.C. His other community service has included serving as Chair of Greenville Chamber, Chair of United Way Board, United Way Campaign Chair, and Chair of Furman University Advisory Council. He has also served as a board member for S.C. Bankers Association, Urban League of the Upstate, St. Francis Foundation, Greenville Tech Foundation, and S.C Educational Improvement Task Force, among others. He is currently the Director of Synalloy Corporation.


W. Kenneth Hunt, III

Chief Financial Officer

Ken joined Hollingsworth Funds in May 2010 and he is responsible for the financial and accounting management of Funds and its subsidiaries, including financial analysis and coordination of real estate sales transactions. He also supports the investment committee and coordinates our annual audit. His career includes over 20 years in life insurance company management, including serving as President of Liberty Life Insurance Company, as well as Chief Financial Officer and Chief Operating Officer of ING US Insurance Operations. As a CPA and graduate of the University of Richmond, Ken has served as Chair of the American Red Cross Greenville Chapter and as a board member of United Way of Greenville County, Greenville Chapter of Girl Scouts of America, and Greenville Chamber of Commerce.


Gage Weekes

Senior Vice President, Strategic Initiatives

Gage joined Hollingsworth Funds in January 2013. He leads all philanthropic activities, responsible for a $7.5 million grant portfolio and community engagement strategies to ensure a vibrant and successful Greenville County. With an MBA from Fordham University and a degree in history from the University of Richmond, Gage’s career has included 9 years at Rockefeller Philanthropy Advisors in New York City, where he designed and managed strategic grantmaking programs for major foundations and donors. He has also been a Program Associate at El Pomar Foundation and the USGA Foundation. He is a Liberty Fellow and currently sits on the Community Impact Cabinet of United Way of Greenville County, the board of the Greenville Chamber of Commerce and Greenville Partnership for Philanthropy, and the advisory board of Fund The People.


Tamela Spann

Manager, Strategic Initiatives

Tamela joined Hollingsworth Funds in October 2015. Tamela has more than twenty years of experience in philanthropy, government affairs, community outreach and teaching. She has worked for the Spartanburg County Foundation, the United Way of Greenville County, and most recently for the Mary Black Foundation as Program Specialist for Early Childhood Development. While there, Tamela was responsible for developing and implementing effective grantmaking strategies to extend the impact of the Foundation’s investments. She is a Board member of the Upstate Housing Network and is very active in her church. She is a graduate of University of South Carolina at Spartanburg with a master of education degree from Converse College.


Katy Sides

Associate, Strategic Initiatives

Katy joined Hollingsworth Funds in June 2017. She is responsible for grants administration, knowledge management and communications.  Katy has experience working for local nonprofits as well as city and county governments, having most recently been at the Institute for Child Success as the Vice President of Finance and Operations. While there, she established internal operations, developed financial management practices, managed the organization’s grants portfolio, and also led the research work in the beginning of her tenure at ICS. Katy graduated with degrees in Political Science and Sociology from Furman University, completed her Master of Public Administration from the University of Georgia, and is a graduate of the Duke University Certificate in Nonprofit Management program. She is a Board member of the Junior League of Greenville and is active within her church.


Pam Prashad


Pam joined Hollingsworth Funds in April of 2013. As a Certified Public Accountant, Pam spent the first 9 years of her career as a Senior Manager with Elliott Davis, LLC where she consulted in the non-profit and high-net-worth tax arena. Pam graduated with degrees in Economics, Accounting, and English from Presbyterian College and completed her Masters of Accounting at the University of Georgia. Pam is active in the Greenville community and has served on several boards and as a dedicated volunteer.



Minor M. Shaw

President of Micco LLC

 Chair of The Daniel-Mickel Foundation; Chair of The Greenville-Spartanburg Airport Commission; Chair of The Duke Endowment


Gordon R. Herring

Vice Chair
Former Executive Vice President, TeleCable Corporation

Furman University, Board of Trustees;  Community Foundation of Greenville, Former Board Member


Anne S. Ellefson

Deputy General Counsel for Academics and Community Affairs, Greenville Health System

Board Secretary, SC ETV Endowment; President Elect, SC Bar


Sam Erwin

Executive Vice President and Regional President – South Carolina, IBERIABANK

Greenville Tech Foundation, Board Chair; Liberty Fellowship, Board of Directors; South Carolina Bankers Association, Treasurer; Clemson University, Board of Visitors


Tony McDade

Executive Director, United Ministries

Riley Institute at Furman University, Riley Fellow; Interfaith Forum, Former Board Member; Upstate Homeless Coalition, former President Greenville-Laurens Chapter


Merl F. Code

Of Counsel, Ogletree, Deakins, Nash, Smoak & Stewart, P.C.

Institute for Child Success, Board of Directors; Palmetto Institute, Board of Directors


William E. Henderson

President of John D. Hollingsworth on Wheels, Inc.


Timothy J. Reed

Investments, Self Employed

Chair of Verdae Development; Chair of  Greenville Chamber of Commerce; Chair Greenville Tech Foundation


Harold F. “Gally” Gallivan, III

Senior Vice President, Investments UBS Financial Services

Foothills Family Resources, Board of Directors

Executive Committee

  • Minor Shaw – Chair
  • Gordon Herring – Vice Chair
  • Anne Ellefson – Secretary

Audit Committee

  • Merl F. Code – Chair
  • Anne S. Ellefson
  • William E. Henderson

Governance Committee

  • Anne S. Ellefson- Chair
  • William E. Henderson
  • Gordon R. Herring
  • Timothy J. Reed
  • Tony McDade

Grants Committee

  • Minor M. Shaw – Chair
  • Merl F. Code
  • Anne S. Ellefson
  • Harold F. “Gally” Gallivan
  • William E. Henderson
  • Tony McDade

Investment Committee

  • Harold F. “Gally” Gallivan – Chair
  • Gordon Herring
  • Minor M. Shaw
  • Timothy J. Reed
  • Sam Erwin

Real Estate Committee

  • Timothy J. Reed – Chair
  • William E. Henderson
  • Sam Erwin