Ten Oaks Group Co-Founders Seed Ten Oaks Philanthropic Fund (TOPF) to Support Charlotte Communities
Ten Oaks Group, a family office investment firm focused on investing in corporate divestitures, is pleased to announce the launch of the Ten Oaks Philanthropic Fund (TOPF). TOPF is a philanthropic vehicle, funded by the Magan and Hahn families, that will be focused on improving the quality of life for Charlotte-Mecklenburg area residents. With an initial annual operating budget in excess of $1.0 million per year, TOPF will provide financial and operating resources to enhance education, career, entrepreneurship, and family unit services for high opportunity families in the Charlotte community.
TOPF was created to expand existing non-profit organizations supported by Ten Oaks Group, namely CLTRising and CLTImpact, in addition to supporting new entrepreneurial philanthropic initiatives. With a focus on optimizing quality of life for Charlotte area residents, the fund will support programs and initiatives that affect a 'quality of life increase' as a measurable return on philanthropic investment. TOPF will work closely with local community leaders to identify areas where its resources can make the most significant impact and will have the flexibility to both self-perform and partner with community organizations to affect change.
"We are thrilled to launch the Ten Oaks Philanthropic Fund and continue our commitment to improving the Charlotte community," said Matt Magan. "Through this fund we will make philanthropic investments in education/college access, athletic access, entrepreneurship access, and family services support. We hope to create lasting change that will benefit high-potential families in Charlotte."
TOPF will not seek funding outside of the Ten Oaks Group co-founders, Matt Magan and Mike Hahn, but is open to reviewing philanthropically entrepreneurial initiatives or partnership concepts that can achieve the TOPF mission.
"Matt and I are grateful for the opportunity to support our community in this way," said Elizabeth Magan. "We believe that by working together, we can help build a stronger, more vibrant Charlotte."
