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 12/2022, Coastal Community Foundation Of South Carolina Inc employed 61 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 8 years, it has increased revenue by an average of 12.6% each year . All expenses for the organization totaled $26.6m during the year ending 06/2022. While expenses have increased by 6.9% 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, Coastal Community Foundation Of South Carolina Inc has awarded 3,135 individual grants totaling $128,446,931. 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
990
Mission & Program ActivityExcerpts From the 990 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:
Part 3 - Line 4a
DEVELOPMENT & STEWARDSHIP - AS THE LARGEST COMMUNITY FOUNDATION IN SOUTH CAROLINA AND A RECOGNIZED PHILANTHROPIC LEADER IN THE SOUTHEAST, OUR DONOR-FOCUSED PHILOSOPHY PROVIDES A CONSULTATIVE 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.
STRATEGIC INITIATIVES INCLUDE 1) SCHOLARSHIP PROGRAMS OPERATED BY THE FOUNDATION RESULTED IN 232 SCHOLARSHIPS TO 155 STUDENTS TOTALING $543,800. THE REVEREND PINCKNEY SCHOLARSHIP PROGRAM WHICH INCLUDES AN 18-MONTH COLLEGE-READINESS PROGRAM FOR HIGH SCHOOL STUDENTS IN BEAUFORT, CHARLESTON, COLLETON, HAMPTON AND JASPER COUNTIES, ACCOUNTED FOR 80 OF THESE SCHOLARSHIPS TO 40 STUDENTS IN THE AMOUNT OF $240,000; 2) THE CATALYST GRANT PROGRAM PROVIDES MULTI-YEAR FUNDING TO NONPROFITS IN BEAUFORT, COLLETON, HAMPTON AND JASPER COUNTIES FOR COLLABORATIVE BUILDING, STRATEGIC CAPACITY BUILDING OR COMMUNITY INNOVATION. THIS FUNDING IS MEANT TO SUPPORT MEASURABLE IMPACT THROUGH STRATEGIC PARTNERING, COLLABORATION, AND/OR STRENGTHENING ORGANIZATIONAL CAPACITY WHILE ADDRESSING COMMUNITY NEEDS. PROJECTS OF UP TO FIVE YEARS WILL BE CONSIDERED IF THE PROJECT PERIOD IS WELL JUSTIFIED IN THE PROPOSAL. SELECTED ORGANIZATIONS CAN ALSO RECEIVE TECHNICAL ASSISTANCE FROM A CONSULTANT THROUGHOUT THE TERM OF THE GRANT, WHERE APPROPRIATE.
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. 1,546 GRANT & SCHOLARSHIP DISBURSEMENTS TOTALING $9,636,070 DURING THE YEAR IN THE FOLLOWING AREAS: 420 GRANTS TOTALING $2,892,881 SUPPORTING HUMAN NEEDS, 548 GRANTS TOTALING $2,542,434 SUPPORTING EDUCATION, 149 GRANTS TOTALING $788,685 SUPPORTING HEALTH INITIATIVES, 176 GRANTS TOTALING $808,605 SUPPORTING ENVIRONMENTAL EFFORTS, 92 GRANTS TOTALING $1,345,010 IN SUPPORT OF THE ARTS, 76 GRANTS TOTALING $585,960 IN SUPPORT OF RELIGIOUS PROGRAMS, 37 GRANTS TOTALING $338,250 SUPPORTING NEIGHBORHOOD & COMMUNITY DEVELOPMENT, 16 GRANTS TOTALING $208,000 SUPPORTING PHILANTHROPY, AND 32 GRANTS TOTALING $126,245 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, COMMUNITY EDUCATION. CCF WAS CHOSED 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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Ronda K Dean Director | Trustee | 1 | $0 |
Wiliam Dunn Director | Trustee | 1 | $0 |
Gp Diminich Director | Trustee | 1 | $0 |
Anthony J Ghoston Director | Trustee | 1 | $0 |
Tyeka Grant Director | Trustee | 1 | $0 |
Ruell L Hicks Jr Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $52,755,702 |
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 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 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 | $0 |
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 |
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 |
Total liabilities and net assets/fund balances | $289,246,880 |
Over the last fiscal year, Coastal Community Foundation Of South Carolina Inc has awarded $7,306,778 in support to 297 organizations.
Grant Recipient | Amount |
---|---|
ADDLESTONE HEBREW ACADEMY PURPOSE: EDUCATION GRANT | $8,976 |
AGAPE FAMILY LIFE CENTER INC PURPOSE: HUMAN NEEDS GRANT | $8,000 |
ALZHEIMERS FAMILY SERVICES OF GREATER BEAUFORT PURPOSE: HEALTH GRANT | $16,000 |
AMERICAN CANCER SOCIETY INC PURPOSE: HEALTH GRANT | $22,750 |
AMERICAN NATIONAL RED CROSS PURPOSE: HUMAN NEEDS GRANT | $114,143 |
ANTIOCH EDUCATIONAL CENTER PURPOSE: EDUCATION GRANT | $8,575 |