NonprofitsFoundation For The Carolinas

Community Foundations

Foundation For The Carolinas

CHARLOTTE, NC

Total revenue

$761.4M

Total expenses

$849.2M

Net assets

$3.8B

Grants received

$287.3M

705 grants

EIN

566047886

Tax year

2024

Mission

Foundation for the carolinas is a non-profit community foundation serving donors and a broad range of charitable purposes in north and south carolina through grantmaking and civic leadership.

Programs

9 programs

Environment and wildlife: disbursed 678 grants to various organizations to support environmental efforts of conservation, education, and other projects.

Expenses: $139.9MGrants: $134.0M

Health and human services: disbursed 4,576 grants to various organizations offering services for seniors, youth development, housing and shelter, and other community needs.

Expenses: $91.0MGrants: $87.1M

Animal welfare: disbursed 302 grants to various organizations to support animal care, shelter, and spay and neuter programs.

Expenses: $11.3MGrants: $10.9M

Evolving needs and opportunities: disbursed 1,138 grants to support evolving needs and opportunities.

Expenses: $30.2MGrants: $28.9M

Arts & culture: disbursed 1,278 grants to various organizations providing support to the cultural community through art, history, and education.

Expenses: $26.3MGrants: $25.2M

Religion: disbursed 1,967 grants to support religious organizations.

Expenses: $16.2MGrants: $15.6M

International, foreign affairs and national security: disbursed 189 grants to various organizations to support international, foreign affairs and national security programs.

Expenses: $55.7MGrants: $53.4M

Other: disbursed 183 grants to various organizations to support other programs.

Expenses: $21.7MGrants: $20.8M

Foundation for the carolinas serves as a catalyst for philanthropic activity in our 13-county region and is a driver for major civic efforts. We offer innovative solutions that help individuals, non-profits, and companies bring their charitable visions to life. Fftc supports personal and corporate philanthropy through a range of innovative fund and giving options. We also drive non-profit sustainability through endowment management, customized solutions, and grantmaking. Fftc funds are charged annual administrative fees based on the fair market value of the assets in the fund.

Financials

FY 2024

Revenue

Contributions & grants$656.1M
Program service revenue$18.0M
Investment income$87.3M
Other revenue
Total revenue$761.4M

Expenses

Grants paid$804.5M
Salaries & benefits$15.5M
Fundraising$622K
Other expenses$29.2M
Total expenses$849.2M
Total assets$3.9B
Net assets$3.8B

People

34 listed

NameRoleCompensation

CATHY BESSANT

CEO

Board

$571K

50 hrs/wk

DOUGLAS W BENSON

CHIEF ADMINISTRATIVE AND CHIEF RISK OFFICER (SECRE

Board

$258K

50 hrs/wk

LAURA YATES CLARK

PRESIDENT

Board

$234K

50 hrs/wk

ALYSSA FEDERICO

CHIEF FINANCIAL OFFICER (TREASURER)

Board

$229K

50 hrs/wk

EVAN N WOLKOFSKY

GENERAL COUNSEL (ASST SECRETARY)

Board

$213K

50 hrs/wk

TARA KEENER

CHIEF MARKETING OFFICER (ASST SECRETARY)

Board

$172K

50 hrs/wk

EDWARD SERNA

DIRECTOR

Board

0.5 hrs/wk

FRED WHITFIELD

DIRECTOR

Board

0.5 hrs/wk

ARRINGTON MIXON

CHAIR

Board

0.5 hrs/wk

ASHA RODRIGUEZ

DIRECTOR

Board

0.5 hrs/wk

BILL MARTIN

DIRECTOR

Board

0.5 hrs/wk

MARIAN STEELE CLARK

DIRECTOR

Board

0.5 hrs/wk

KIETH COCKRELL

CHAIR ELECT

Board

0.5 hrs/wk

MALCOMB COLEY

DIRECTOR

Board

0.5 hrs/wk

SHARYN ELLISON

DIRECTOR

Board

0.5 hrs/wk

BETSY FLEMING

DIRECTOR

Board

0.5 hrs/wk

LYNN GOOD

DIRECTOR

Board

0.5 hrs/wk

TODD GORELICK

DIRECTOR

Board

0.5 hrs/wk

JADA GRANDY-MOCK

DIRECTOR

Board

0.5 hrs/wk

KELLY KATTERHAGEN

DIRECTOR

Board

0.5 hrs/wk

SUSAN KLUTTZ

DIRECTOR

Board

0.5 hrs/wk

RALPH LOPEZ-MASSAS

DIRECTOR

Board

0.5 hrs/wk

TROPZIE MCCLUNEY

DIRECTOR

Board

0.5 hrs/wk

GENE MCLAURIN

DIRECTOR

Board

0.5 hrs/wk

TOM NELSON

DIRECTOR

Board

0.5 hrs/wk

LAURA SMITH

FORMER COO

Staff

$436K

50 hrs/wk

BLAIR STANFORD

CELC EXECUTIVE DIRECTOR

Staff

$267K

50 hrs/wk

NIKHIL SAWANT

CIO (THRU 3/1/24)

Staff

$246K

50 hrs/wk

FEDERICO G RIOS

SVP, CIVIC LEADERSHIP

Staff

$216K

50 hrs/wk

ELIZABETH KISER

CHIEF PHILANTHROPY OFFICER

Staff

$202K

50 hrs/wk

MUNRO C RICHARDSON

READ CHARLOTTE EXECUTIVE DIRECTOR

Staff

$199K

50 hrs/wk

SHERRI S CHISHOLM

LOO EXECUTIVE DIRECTOR

Staff

$195K

50 hrs/wk

SEAN SEIFERT

CAROLINA THEATRE EXECUTIVE

Staff

$150K

50 hrs/wk

ROBIN BAREFOOT

ASSOCIATE COUNSEL

Staff

$139K

50 hrs/wk

Independent contractors

JAMES COHAN GALLERY

ART INSTALLMENT

$265K

MCGUIREWOODS LLP

LEGAL SERVICES

$218K

CHERRY BEKAERT LLP

AUDIT & TAX SERVICES

$158K

ADAMS OUTDOOR ADVERTISING

ADVERTISING

$144K

LOYD VISUALS

CONSULTING

$101K

Grants received

Showing 200 of 705

FromAmountPurposeYear
$2.8M
DISTRIBUTE REMAINING ASSETS
2024
$2.7M
General Operating Support
2024
$1M
TO ESTABLISH THE KNIGHT TECH INFUSION FUND AT FOUNDATION FOR THE CAROLINAS THAT WILL INCREASE THE CAPACITY AND SUSTAINABILITY OF CHARLOTTE ARTISTS AND ARTS ORGANIZATIONS THROUGH THE WISE USE OF TECHNOLOGY.
2024
$955K
GENERAL SUPPORT
2024
$933K
Inspires philanthropy and empowers individuals to create a better community.
2024
$647K
10 grant(s) for varying purposes
2024
$504K
COMMUNITY OUTREACH
2024
$450K
GENERAL PURPOSE
2024
$400K
MULTI-YEAR: MAYOR'S RACIAL EQUITY FUND #1
2024
$400K
SCHLOARSHIP FUNDS FOR COLLEGE ACCESS
2024
$350K
SUPPORT THE HAIN FAMILY FUND.
2024
$300K
Program Grant
2024
$125K
McColl Park Fund
2024
$110K
FAFSA STUDENT SUPPORT
2024
$106K
COMMUNITY & HUMAN SERVICES
2024
$100K
Program Assistance
2024
$100K
TO OFFER INNOVATIVE SOLUTIONS THAT HELP INDIVIDUALS, NONPROFITS AND COMPANIES BRING THEIR CHARITABLE VISIONS TO LIFE.
2024
$100K
Program Support
2024
$95K
SEE PART IV
2024
$83K
Various Charitable Support
2024
$80K
GENERAL OPERATING SUPPORT
2024
$50K
PROGRAMMATIC-ECONOMIC MOBILITY ACTION NETWORK
2024
$50K
TO SERVE AS A CATALYST FOR PHILANTHROPIC ACTIVITY IN OUR 13-COUNTY REGION AND IS A DRIVER FOR MAJOR CIVIC EFFORTS. TO OFFER INNOVATIVE SOLUTIONS THAT HELP INDIVIDUALS, NONPROFITS AND COMPANIES BRING THEIR CHARITABLE VISIONS TO LIFE.
2024
$30K
COMMUNITY OUTREACH
2024
$30K
Contribution to Donor Advised Fund for Frontier Growth Foundation
2024
$26K
GIVING AND GENEROSITY
2024
$25K
McColl Park
2024
$25K
PHILANTHROPY/VOLUNTARISM
2024
$25K
ASSIST ORGANIZATIONS WITH ITS NEEDS AND GOALS
2024
$20K
Carolina Theatre Project
2024
$15K
ASSIST ORGANIZATIONS WITH ITS NEEDS AND GOALS
2024
$15K
TO SUPPORT READ CHARLOTTE, A LITERACY PROGRAM OF THE FOUNDATION FOR THE CAROLINAS.
2024
$15K
ASSIST ORGANIZATIONS WITH ITS NEEDS AND GOALS
2024
$15K
ASSIST ORGANIZATIONS WITH ITS NEEDS AND GOALS
2024
$15K
ASSIST ORGANIZATIONS WITH ITS NEEDS AND GOALS
2024
$15K
ASSIST ORGANIZATIONS WITH ITS NEEDS AND GOALS
2024
$15K
ASSIST ORGANIZATIONS WITH ITS NEEDS AND GOALS
2024
$15K
ASSIST ORGANIZATIONS WITH ITS NEEDS AND GOALS
2024
$15K
ASSIST ORGANIZATIONS WITH ITS NEEDS AND GOALS
2024
$15K
ASSIST ORGANIZATIONS WITH ITS NEEDS AND GOALS
2024
$12K
GENERAL SUPPORT
2024
$10K
ASSIST ORGANIZATIONS WITH ITS NEEDS AND GOALS
2024
$10K
ASSIST ORGANIZATIONS WITH ITS NEEDS AND GOALS
2024
$10K
All Saints Mission in Linville, NC for Hurricane Helene relief efforts
2024
$10K
FUNDING SUPPORTS GENERAL OPERATIONS AND PROGRAMMING.
2024
$8K
ASSIST ORGANIZATIONS WITH ITS NEEDS AND GOALS
2024
$5K
UNRESTRICTED GENERAL SUPPORT
2024
$3K
GENERAL SUPPORT
2024
$3K
Board directed, Jenner V. Foundation Fund
2024
$1K
CHARITABLE
2024
Assitance for childrens education
2024
$4.5M
General Operating Support
2023
$1.9M
AbbVie Employee Relief Fund
2023
$1.8M
GENERAL SUPPORT
2023
$1.6M
PUBLIC, SOCIETAL BENEFIT
2023
$1M
A Way Home Housing Endowment
2023
$1M
Various Charitable Support
2023
$1M
GENERAL PROGRAM SUPPORT
2023
$933K
Inspires philanthropy and empowers individuals to create a better community.
2023
$890K
CAREER AND TECHNICAL EDUCATION
2023
$806K
COMMUNITY OUTREACH
2023
$771K
9 grant(s) for varying purposes
2023
$667K
For grant recipient's exempt purposes
2023
$600K
GENERAL PURPOSE
2023
$439K
General & Unrestricted (IN-KIND GRANTS - SEE GENERAL EXPLANATION)
2023
$400K
MAYOR'S RACIAL EQUITY INITIATIVE
2023
$300K
GENERAL SUPPORT
2023
$250K
SCHLOARSHIP FUNDS FOR COLLEGE ACCESS
2023
$219K
UNRESTRICTED GENERAL
2023
$204K
PROGRAM OPERATING COST
2023
$200K
PROGRAM/OPERATING SUPPORT
2023
$200K
MEMBER CLUB MATCHING YOUTH/ HIGH SCHOOL FOOTBALL GRANTS
2023
$158K
FOR RECIPIENT'S EXEMPT PURPOSE
2023
$150K
GENERAL OPERATING SUPPORT FOR READ CHARLOTTE, A COLLABORATIVE, COMMUNITY-WIDE MOVEMENT DEDICATED TO INCREASING THE % OF THIRD GRADERS READING ON GRADE LEVEL.
2023
$150K
GENERAL OPERATING SUPPORT FOR READ CHARLOTTE, A COLLABORATIVE, COMMUNITY-WIDE MOVEMENT DEDICATED TO INCREASING THE % OF THIRD GRADERS READING ON GRADE LEVEL.
2023
$145K
PHILANTHROPY
2023
$145K
COMMUNITY ENHANCEMENT
2023
$125K
COMMUNITY & HUMAN SERVICES
2023
$125K
MCCOLL PARK FUND
2023
$100K
UNRESTRICTED GENERAL SUPPORT
2023
$100K
Program Support
2023
$100K
COMMUNITY & HUMAN SERVICES
2023
$100K
Infusion Arts Investment Fund
2023
$100K
Carolina Theatre LL
2023
$100K
Hugh McColl Park
2023
$100K
Universal PreK
2023
$99K
TO OFFER INNOVATIVE SOLUTIONS THAT HELP INDIVIDUALS, NONPROFITS AND COMPANIES BRING THEIR CHARITABLE VISIONS TO LIFE.
2023
$99K
TO OFFER INNOVATIVE SOLUTIONS THAT HELP INDIVIDUALS, NONPROFITS AND COMPANIES BRING THEIR CHARITABLE VISIONS TO LIFE.
2023
$85K
SEE PART IV
2023
$80K
GENERAL OPERATING SUPPORT
2023
$68K
Scholarships
2023
$55K
Operational Support
2023
$53K
Jenner V. Foundation Fund
2023
$50K
COMMUNITY DEVELOPMENT
2023
$50K
GENERAL OPERATING SUPPORT
2023
$50K
TO SERVE AS A CATALYST FOR PHILANTHROPIC ACTIVITY IN OUR 13-COUNTY REGION AND IS A DRIVER FOR MAJOR CIVIC EFFORTS. TO OFFER INNOVATIVE SOLUTIONS THAT HELP INDIVIDUALS, NONPROFITS AND COMPANIES BRING THEIR CHARITABLE VISIONS TO LIFE.
2023
$50K
EDUCATION
2023
$50K
COMMUNITY OUTREACH
2023
$41K
CHARITABLE DONATION
2023
$40K
MAN OF THE YEAR GRANTS
2023
$37K
GENERAL CONTRIBUTION
2023
$30K
COMMUNITY OUTREACH
2023
$30K
YOUTH FOOTBALL
2023
$25K
Community Impact
2023
$20K
THEATRE PROJECT FUND
2023
$15K
ASSIST ORGANIZATIONS WITH ITS NEEDS AND GOALS
2023
$15K
TO SUPPORT THE MISSION OF THE FOUNDATION FOR THE CAROLINAS VIA THE MCCOLL PARK RENOVATION, WITH THE GOAL OF PROVIDING A PLACE FOR PUBLIC ENGAGEMENT, CELEBRATION, AND REFLECTION.
2023
$15K
TO SUPPORT READ CHARLOTTE, A LITERACY PROGRAM OF THE FOUNDATION FOR THE CAROLINAS.
2023
$15K
TO SUPPORT READ CHARLOTTE, A LITERACY PROGRAM OF THE FOUNDATION FOR THE CAROLINAS.
2023
$15K
ASSIST ORGANIZATIONS WITH ITS NEEDS AND GOALS
2023
$15K
ASSIST ORGANIZATIONS WITH ITS NEEDS AND GOALS
2023
$15K
ASSIST ORGANIZATIONS WITH ITS NEEDS AND GOALS
2023
$15K
ASSIST ORGANIZATIONS WITH ITS NEEDS AND GOALS
2023
$15K
TO SUPPORT THE MISSION OF THE FOUNDATION FOR THE CAROLINAS VIA THE MCCOLL PARK RENOVATION, WITH THE GOAL OF PROVIDING A PLACE FOR PUBLIC ENGAGEMENT, CELEBRATION, AND REFLECTION.
2023
$15K
ASSIST ORGANIZATIONS WITH ITS NEEDS AND GOALS
2023
$10K
PROGRAM/OPERATING SUPPORT
2023
$10K
CLUB COMMUNITY GRANTS
2023
$10K
EDUCATIONAL PROGRAMS & OTHER STUDENT SVC
2023
$10K
ASSIST ORGANIZATIONS WITH ITS NEEDS AND GOALS
2023
$10K
ASSIST ORGANIZATIONS WITH ITS NEEDS AND GOALS
2023
$10K
ASSIST ORGANIZATIONS WITH ITS NEEDS AND GOALS
2023
$10K
SPECIAL CONSIDERATION AND OTHER
2023
$10K
CLUB COMMUNITY GRANTS
2023
$9K
PROGRAM/OPERATING SUPPORT
2023
$6K
PROGRAM/OPERATING SUPPORT
2023
$5K
ASSIST ORGANIZATIONS WITH ITS NEEDS AND GOALS
2023
$5K
GENERAL OPERATING BUDGET
2023
$5K
PROGRAM/OPERATING SUPPORT
2023
$4K
PROGRAM/OPERATING SUPPORT
2023
$4K
PROGRAM/OPERATING SUPPORT
2023
$4K
YOUTH PROGRAMS
2023
$4K
GENERAL OPERATING PURPOSE
2023
$3K
PROGRAM/OPERATING SUPPORT
2023
$3K
SUPPORT THE HAIN FAMILY FUND.
2023
$3K
PROGRAM/OPERATING SUPPORT
2023
$2K
PROGRAM/OPERATING SUPPORT
2023
$2K
NON PROFIT ORGANIZATION
2023
$2K
New Generation of African American Philanthropists
2023
$2K
PROGRAM/OPERATING SUPPORT
2023
$1K
PROGRAM/OPERATING SUPPORT
2023
$1K
PROGRAM/OPERATING SUPPORT
2023
$1K
PROGRAM/OPERATING SUPPORT
2023
$1K
MATCHING GIFT
2023
$1K
MATCHING GIFT
2023
$1K
For Operating Fund
2023
$1K
CHARITABLE
2023
$975
PROGRAM/OPERATING SUPPORT
2023
$857
PROGRAM/OPERATING SUPPORT
2023
$750
GENERAL OPERATING PURPOSE
2023
$684
PROGRAM/OPERATING SUPPORT
2023
$520
PROGRAM/OPERATING SUPPORT
2023
$520
PROGRAM/OPERATING SUPPORT
2023
$500
PROGRAM/OPERATING SUPPORT
2023
$500
PROGRAM/OPERATING SUPPORT
2023
$500
PROGRAM/OPERATING SUPPORT
2023
$500
Program Support
2023
$500
PROGRAM/OPERATING SUPPORT
2023
$480
PROGRAM/OPERATING SUPPORT
2023
$468
PROGRAM/OPERATING SUPPORT
2023
$400
PROGRAM/OPERATING SUPPORT
2023
$300
PROGRAM/OPERATING SUPPORT
2023
$300
PROGRAM/OPERATING SUPPORT
2023
$228
PROGRAM/OPERATING SUPPORT
2023
$228
PROGRAM/OPERATING SUPPORT
2023
$200
PHILANTHROPY, VOLUNTARISM AND GRANTMAKING FOUNDATIONS
2023
$155
PROGRAM/OPERATING SUPPORT
2023
$114
PROGRAM/OPERATING SUPPORT
2023
$114
PROGRAM/OPERATING SUPPORT
2023
$100
PROGRAM/OPERATING SUPPORT
2023
$100
PROGRAM/OPERATING SUPPORT
2023
$50
PROGRAM/OPERATING SUPPORT
2023
$50
PROGRAM/OPERATING SUPPORT
2023
$24
General & Unrestricted
2023
Assitance for childrens education
2023
$7.5M
TRAIL DEVELOPMENT
2022
$2.8M
General Operating Support
2022
$2.5M
AbbVie Employee Relief Fund
2022
$1.6M
General Operating Support
2022
$1.6M
PUBLIC, SOCIETAL BENEFIT
2022
$1.4M
VIBRANT ECONOMIES
2022
$1M
TO ESTABLISH THE KNIGHT TECH INFUSION FUND AT FOUNDATION FOR THE CAROLINAS THAT WILL INCREASE THE CAPACITY AND SUSTAINABILITY OF CHARLOTTE ARTISTS AND ARTS ORGANIZATIONS THROUGH THE WISE USE OF TECHNOLOGY.
2022

Funded by

$287.3M from 202 funders · 705 grants · 2017–2024

Community Investments Foundation

$68.0M · 4 grants · 2020–2024

The Bank of America Charitable Foundation Inc

$27.6M · 198 grants · 2018–2023

New York Life Foundation

$27.5M · 1 grant · 2020

John M Belk Endowment

$13.6M · 5 grants · 2020–2024

Hyatt Hotels Foundation

$9.8M · 2 grants · 2020–2021

American Online Giving Foundation Inc

$9.3M · 6 grants · 2019–2024

Fidelity Investments Charitable Gift Fund

$8.6M · 7 grants · 2018–2023

Donor Advised Charitable Giving Inc

$7.7M · 7 grants · 2017–2023

Details

EIN566047886
NTEE codeT310
Subsection03
Ruling date1962-10
Formed1958
Employees141
Volunteers19
FOUNDATION FOR THE CAROLINAS — Mission, Financials & Grants Received | Grantivo