Captrust Community Foundation Inc

Organization Overview

Captrust Community Foundation Inc is located in Raleigh, NC. The organization was established in 2007. According to its NTEE Classification (L12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Captrust Community Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2023, Captrust Community Foundation Inc generated $755.3k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 18.1% each year . All expenses for the organization totaled $1.2m during the year ending 12/2023. While expenses have increased by 21.1% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Captrust Community Foundation Inc has awarded 272 individual grants totaling $3,694,475. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO ENRICH THE LIVES OF CHILDREN IN NEED IN THE COMMUNITIES WE SERVE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

OUR GRANT PROGRAM FOCUSES ON LOCAL AND NATIONAL CHARITIES SERVING THE NEEDS OF CHILDREN. EACH YEAR A CHARITY OF CHOICE THAT IS COMMITTED TO ENRICHING THE LIVES OF CHILDREN, IS SELECTED TO RECEIVE A SUBSTANTIAL DONATION. SEVERAL NATIONAL GRANTS ARE ALSO AWARDED EACH YEAR THROUGH THE CCF'S PARTNERSHIP GRANT PROGRAM. OUR CRISIS GRANT PROGRAM IS DESIGNED TO HELP CHARITIES WHO ARE ASSISTING THOSE SEVERELY IMPACTED BY NATURAL DISASTER OR OTHER CRISIS. THROUGH THE EMPLOYEE GRANT PROGRAM, CAPTRUST EMPLOYEES MAY SUBMIT REQUESTS TO PROVIDE SMALL GRANTS TO CHARITIES.


LAUNCHED IN 2021 THE FINANCIAL LITERACY PROGRAM WAS CREATED TO TEACH TEENS THREE KEY AREAS OF FINANCIAL LITERACY AND HELP THEM FIND A PATH TO BECOMING FINANCIALLY RESPONSIBLE. THE THREE AREAS INCLUDE: LICENSE TO DRIVE - DETAILS THE COSTS OF CAR OWNERSHIP, TEENPRENEUR - GUIDANCE FOR TEENS WHO WANT TO START THEIR OWN BUSINESS AND TEEN'S FIRST BUDGET - BUILDING GOOD MONEY HABITS, GOALS, AND CRAFTING A SAVINGS PLAN. PRESENTATIONS ARE DONE BY A TEAM OF VULUNTEERS, ARE FREE OF CHARGE AND CAN BE DELIVERED EITHER VIRTUALLY OR IN PERSON AND LAST BETWEEN 30-60 MINUTES.


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Board, Officers & Key Employees

Name (title)Compensation
Veronica Karas
Co-President
$0
Bryan Lewis
Co-President
$0
Greg Delage
Treasurer/finance Chair
$0
Heather Shanahan
Grants Chair
$0
Jacquelyn Guthrie
Fundraising Chair
$0
Rhonda Downum
Volunteer Chair
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$5,000
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$618,278
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$623,278
Total Program Service Revenue$0
Investment income $72,832
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$37,439
Net Income from Fundraising Events $96,583
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $755,254

Grants Awarded

Over the last fiscal year, Captrust Community Foundation Inc has awarded $833,600 in support to 82 organizations.

Grant RecipientAmount

1ST KIDS INC

PURPOSE: FINANCIAL SUPPORT

$7,850

ADVOCATES FOR CHILDREN- CASA

PURPOSE: FINANCIAL SUPPORT

$7,850

A TOUCH OF UNDERSTANDING

PURPOSE: FINANCIAL SUPPORT

$25,000

AMAZEMENT SQUARE

PURPOSE: FINANCIAL SUPPORT

$7,850

AUGUSTINE LITERACY PROJECT

PURPOSE: FINANCIAL SUPPORT

$9,850

ARCBARKS

PURPOSE: FINANCIAL SUPPORT

$7,850
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