Reynolds also built a hospital in Winston-Salem specifically for African-Americans, named the Kate Bitting Reynolds Memorial Hospital in honor of his wife. In honor of his mother, he founded the Nancy Reynolds School in Stokes County, North Carolina and the Hardin Reynolds School in Patrick County, Virginia to honor his father. The Kate B. Reynolds Trust uses one-fourth of the income collected each year from its more than two million shares of R.J. Reynolds Co. stock to help the "poor and needy" in Winston-Salem.