Coastal Community Foundation Of South Carolina Inc is located in N Charleston, SC. The organization was established in 1982. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2022, Coastal Community Foundation Of South Carolina Inc employed 50 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coastal Community Foundation Of South Carolina 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 06/2022, Coastal Community Foundation Of South Carolina Inc generated $80.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.6% each year . All expenses for the organization totaled $26.6m during the year ending 06/2022. While expenses have increased by 8.0% per year over the past 7 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, Coastal Community Foundation Of South Carolina Inc has awarded 2,838 individual grants totaling $121,140,153. 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
CREATE COMMUNITIES RICH IN EQUITY, OPPORTUNITY, AND WELL-BEING BY UNITING PEOPLE AND INVESTING RESOURCES SO THAT ALL COMMUNITY MEMBERS HAVE A PATHWAY TO ACHIEVE THEIR GOALS.
Describe the Organization's Program Activity:
DEVELOPMENT & STEWARDSHIP - AS THE LARGEST COMMUNITY FOUNDATION IN SOUTH CAROLINA AND A RECOGNIZED PHILANTHROPIC LEADER IN THE SOUTHEAST, OUR DONOR-FOCUSED PHILOSOPHY PROVIDES A CONSULTIVE PARTNERSHIP AND BEST-IN-CLASS STEWARDSHIP TO INDIVIDUALS, FAMILIES AND COMPANIES. CCF HAS A PROVEN TRACK RECORD OF TURNING DONORS' BIG IDEAS INTO IMPACTFUL PROGRAMS AND SERVICES THAT NOT ONLY MEET CRITICAL NEEDS BUT PROVIDE SUPPORT FOR IMPORTANT COMMUNITY INITIATIVES NOW AND FOR YEARS TO COME.
GRANTMAKING - THE FOUNDATION'S STRONG EXPERTISE IN LONG-TERM CHARITABLE GIVING, AS WELL AS EMERGENCY RESPONSE FUNDING, PROVIDES ESSENTIAL OPERATIONAL AND CAPITAL SUPPORT IN OUR NINE-COUNTY SERVICE AREA. 2,257 GRANT & SCHOLARSHIP DISBURSEMENTS TOTALING $17,169,822 DURING THE YEAR IN THE FOLLOWING AREAS: 681 GRANTS TOTALING $4,228,902 SUPPORTING HUMAN NEEDS, 777 GRANTS TOTALING $4,412,065 SUPPORTING EDUCATION, 249 GRANTS TOTALING $2,119,540 SUPPORTING HEALTH INITIATIVES, 204 GRANTS TOTALING $1,165,526 SUPPORTING ENVIRONMENTAL EFFORTS, 118 GRANTS TOTALING $1,248,304 IN SUPPORT OF THE ARTS, 117 GRANTS TOTALING $2,667,988 IN SUPPORT OF RELIGIOUS PROGRAMS, 42 GRANTS TOTALING $239,698 SUPPORTING NEIGHBORHOOD & COMMUNITY DEVELOPMENT, 34 GRANTS TOTALING $939,200 SUPPORTING PHILANTHROPY, AND 35 GRANTS TOTALING $148,600 SUPPORTING SOCIAL JUSTICE PROGRAMS.
COMMUNITY LEADERSHIP - WITH A LONG HISTORY OF SERVING AS A TRUSTED COMMUNITY CONVENER, CCF BRINGS TOGETHER AREA RESIDENTS, BUSINESS LEADERS, AND GOVERNMENT TO TACKLE MAJOR COMMUNITY CHALLENGES, SUCH AS HOUSING SHORTAGES, INEQUITABLE SCHOOL SYSTEMS, ECONOMIC RECOVERY, AND NEIGHBORHOOD REVITALIZATION THROUGH A VARIETY OF PROGRAMS INCLUDING PLACE-BASED IMPACT INVESTING, ADVOCACY, AND COMMUNITY EDUCATION. CCF WAS CHOSEN BY THE RICHMOND FEDERAL RESERVE TO LEAD "REINVENTING OUR COMMUNITIES" PROGRAM IN THE CHARLESTON TRI-COUNTY AREA PROVIDING LEADERSHIP AND ADVOCACY FOR A CROSS-SECTOR COHORT OF COMMUNITY LEADERS TO GAIN SKILLS AND CREATE A TAILORED PLAN TO ADDRESS EQUITABLE SMALL BUSINESS RECOVERY AND SUPPORT FOR SMALL BUSINESS OWNERS OF COLOR IN OUR COMMUNITY (NEW IN 2020-2021).
STRATEGIC INITIATIVES INCLUDE 1) THE REVEREND PINCKNEY SCHOLARSHIP PROGRAM (EXPANDED DURING 2020-2021) DOUBLING THE NUMBER OF AREA STUDENTS SERVED THROUGH SCHOLARSHIP AND THE ADDITION OF AN 18-MONTH COLLEGE-READINESS PROGRAM FOR HIGH SCHOOL STUDENTS IN BEAUFORT, CHARLESTON, COLLETON, HAMPTON AND JASPER COUNTIES, PROVIDING TAILORED SUPPORT AND RESOURCES THROUGHOUT THE JUNIOR & SENIOR HIGH SCHOOL YEARS IN ADDITION TO SCHOLARSHIPS AND CONTINUED MENTORING WHILE IN COLLEGE; 2) CCF WAS CHOSEN AS ONE OF 20 RECIPIENTS OF THE FACEBOOK GRANT FOR SUSTAINING BLACK COMMUNITIES, AWARDED $1 MILLION IN FUNDS OVER A TWO YEAR ENGAGEMENT PERIOD FOR NONPROFIT ORGANIZATIONS AND PROGRAMS IN BERKELEY, CHARLESTON, AND DORCHESTER COUNTIES SUPPORTING INNOVATION, CREATIVITY, AND RESILIENCY IN BLACK COMMUNITIES. A CAPACITY BUILDING OPPORTUNITY IS EMBEDDED INTO THIS GRANT PROGRAM TO HELP AWARDED APPLICANTS SUSTAIN THEIR OPERATIONS AND EXPAND THEIR REACH. (NEW IN 2020-2021).
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Darrin Goss CEO | Officer | 50 | $282,273 |
Jane Litz CFO | Officer | 50 | $161,271 |
Melissa Levesque VP Of Development | 50 | $153,202 | |
Edith Blakeslee VP Of Grandmaking | 50 | $113,500 | |
B Shawan Gillians Treasurer | OfficerTrustee | 4 | $0 |
Herbert L Drayton III Chair | OfficerTrustee | 4 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $52,755,702 |
Noncash contributions included in lines 1a–1f | $6,840,752 |
Total Revenue from Contributions, Gifts, Grants & Similar | $52,755,702 |
Total Program Service Revenue | $3,903,687 |
Investment income | $7,235,083 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $82,589 |
Net Gain/Loss on Asset Sales | $16,160,996 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $80,143,972 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $16,315,903 |
Grants and other assistance to domestic individuals. | $556,419 |
Grants and other assistance to Foreign Orgs/Individuals | $297,500 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $459,269 |
Compensation of current officers, directors, key employees. | $113,407 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,824,833 |
Pension plan accruals and contributions | $129,502 |
Other employee benefits | $240,705 |
Payroll taxes | $159,269 |
Fees for services: Management | $3,427,005 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $62 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $188,957 |
Fees for services: Other | $715,174 |
Advertising and promotion | $16,809 |
Office expenses | $52,839 |
Information technology | $189,540 |
Royalties | $0 |
Occupancy | $316,216 |
Travel | $11,849 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $102,038 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $194,717 |
Insurance | $127,378 |
All other expenses | $27,596 |
Total functional expenses | $26,627,755 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,202,050 |
Savings and temporary cash investments | $1,000,009 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $7,500 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $181,972 |
Net Land, buildings, and equipment | $3,374,805 |
Investments—publicly traded securities | $220,562,039 |
Investments—other securities | $64,846,246 |
Investments—program-related | $2,072,705 |
Intangible assets | $0 |
Other assets | $86,105 |
Total assets | $293,333,431 |
Accounts payable and accrued expenses | $110,351 |
Grants payable | $20,000 |
Deferred revenue | $89,262 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $3,866,938 |
Total liabilities | $4,086,551 |
Net assets without donor restrictions | $287,067,726 |
Net assets with donor restrictions | $2,179,154 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $293,333,431 |
Over the last fiscal year, Coastal Community Foundation Of South Carolina Inc has awarded $14,748,683 in support to 399 organizations.
Grant Recipient | Amount |
---|---|
Summerville, SC PURPOSE: RELIGION GRANT | $1,696,651 |
Boston, MA PURPOSE: PHILANTHROPY - FUND CLOSURE GRANT | $624,000 |
Charleston, SC PURPOSE: EDUCATION GRANT | $416,577 |
Charleston, SC PURPOSE: ARTS GRANT | $349,244 |
Charleston, SC PURPOSE: HEALTH GRANT | $333,350 |
TOWN OF MONCKS CORNER PURPOSE: HEALTH GRANT | $252,000 |
Over the last fiscal year, we have identified 6 grants that Coastal Community Foundation Of South Carolina Inc has recieved totaling $195,331.
Awarding Organization | Amount |
---|---|
Spartanburg County Foundation Spartanburg, SC PURPOSE: GENERAL SUPPORT | $50,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $44,700 |
Charleston Jewish Federation Charleston, SC PURPOSE: PESKIN ENDOWMENT | $38,131 |
Charleston Jewish Federation Charleston, SC PURPOSE: MILLS ENDOWMENT | $32,500 |
Charleston Jewish Federation Charleston, SC PURPOSE: HOFFMAN ENDOWMENT | $20,000 |
The Matchingfund Org Mount Pleasant, SC PURPOSE: GENERAL SUPPORT | $10,000 |
Beg. Balance | $170,653,909 |
Earnings | -$11,263,255 |
Admin Expense | $1,834,266 |
Net Contributions | $5,884,191 |
Other Expense | $33,474 |
Grants | $6,773,761 |
Ending Balance | $156,633,344 |
Organization Name | Assets | Revenue |
---|---|---|
North Carolina Community Foundation Inc Raleigh, NC | $442,779,010 | $109,848,330 |
Triangle Community Foundation Durham, NC | $302,593,887 | $28,260,487 |
Coastal Community Foundation Of South Carolina Inc N Charleston, SC | $293,333,431 | $80,143,972 |
The Community Foundation Of Western North Carolina Inc Asheville, NC | $422,748,745 | $38,320,270 |
Community Foundation Of Greater Greensboro Inc Greensboro, NC | $268,212,461 | $40,395,887 |
Community Foundation Of Greenville Inc Greenville, SC | $110,749,055 | $32,278,412 |
Spartanburg County Foundation Spartanburg, SC | $213,613,348 | $29,550,562 |
North Georgia Community Foundation Gainesville, GA | $121,312,465 | $29,287,202 |
Central Carolina Community Foundation Columbia, SC | $200,312,368 | $26,646,536 |
Community Foundation Of The Chattahoochee Valley Inc Columbus, GA | $203,858,921 | $35,593,899 |
High Point Community Foundation High Point, NC | $114,170,503 | $14,778,667 |
Community Foundation Of Central Georgia Inc Macon, GA | $156,226,670 | $20,534,365 |