Foundation For The Carolinas

Organization Overview

Foundation For The Carolinas is located in Charlotte, NC. The organization was established in 1962. 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 12/2023, Foundation For The Carolinas employed 123 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For The Carolinas 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 12/2022, Foundation For The Carolinas generated $953.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $414.3m during the year ending 12/2022. While expenses have increased by 3.4% 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 2016, Foundation For The Carolinas has awarded 8,753 individual grants totaling $2,206,422,177. 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 990T Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

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.

Describe the Organization's Program Activity:

EDUCATION AND YOUTH DEVELOPMENT: DISBURSED 4,307 GRANTS TO VARIOUS ORGANIZATIONS FOR SCHOLARSHIP PROGRAMS, EDUCATIONAL INSTITUTIONS, AND OTHER CURRICULUM PROGRAMS.


ENVIRONMENT AND WILDLIFE: DISBURSED 673 GRANTS TO VARIOUS ORGANIZATIONS TO SUPPORT ENVIRONMENTAL EFFORTS OF CONSERVATION, EDUCATION, AND OTHER PROJECTS.


HEALTH AND HUMAN SERVICES: DISBURSED 3,918 GRANTS TO VARIOUS ORGANIZATIONS OFFERING SERVICES FOR SENIORS, YOUTH DEVELOPMENT, HOUSING AND SHELTER, AND OTHER COMMUNITY NEEDS.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Board, Officers & Key Employees

Name (title)Compensation
Jewell Hoover
Chair
$0
Chantay Bouler
Director
$0
Marian Steele Clark
Director
$0
Kieth Cockrell
Director
$0
Malcomb Coley
Director
$0
Betsy Fleming
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Mercer Investments Llc
Investment Management Services
$1,875,912
Ajilon Professional Staffing Llc
Staffing Services
$719,318
Rj Leeper Construction Llc
Construction Services
$668,225
Sherpa Llc
Staffing Services
$643,116
Northeast Retirement Services Llc
Fiduciary Services
$499,715
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$49,400
Related organizations$17,935,085
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$868,741,006
Noncash contributions included in lines 1a–1f $715,612,702
Total Revenue from Contributions, Gifts, Grants & Similar$886,725,491
Total Program Service Revenue$16,083,082
Investment income $8,208,840
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $121,541
Net Gain/Loss on Asset Sales $42,387,830
Net Income from Fundraising Events -$8,935
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $953,517,849

Grants Awarded

Over the last fiscal year, Foundation For The Carolinas has awarded $318,450,332 in support to 1,348 organizations.

Grant RecipientAmount

101 GARDENS

PURPOSE: CHARITABLE GIFT

$10,000

350ORG

PURPOSE: CHARITABLE GIFT

$10,000

50CAN INC

PURPOSE: CHARITABLE GIFT

$12,500

A BETTER WORLD

PURPOSE: CHARITABLE GIFT

$25,000

A PLACE AT THE TABLE CHURCH

PURPOSE: CHARITABLE GIFT

$25,000

A SIGN OF THE TIMES OF THE CAROLINAS

PURPOSE: CHARITABLE GIFT

$40,000
View Grant Profile

Peer Organizations

Organization NameAssets
Foundation For The Carolinas
Charlotte, NC
$953,517,849
Community Foundation Of Northwest Georgia Inc
Dalton, GA
$10,200,307
The Community Foundation For Greater Atlanta Inc
Atlanta, GA
$170,621,384
Community Foundation Of Greater Memphis Inc
Memphis, TN
$114,399,155
Christian Community Foundation Of Memphis And The Mid-South Inc
Memphis, TN
$88,254,536
Winston-Salem Foundation
Winstonsalem, NC
$62,200,081
The Community Foundation Inc
Richmond, VA
$73,819,755
The Community Fdn Of Middle Tn Inc
Nashville, TN
$67,323,570
North Carolina Community Foundation Inc
Raleigh, NC
$47,936,678
Charlottesville Area Community Foundation
Charlottesville, VA
$77,610,040
Triangle Community Foundation
Durham, NC
$30,227,826
Chattanooga Christian Community Foundation
Chattanooga, TN
$38,520,924
Hampton Roads Community Foundation
Norfolk, VA
$22,135,120
High Point Community Foundation
High Point, NC
$15,683,587
Coastal Community Foundation Of South Carolina Inc
N Charleston, SC
$80,143,972
Community Foundation Of Greater Chattanooga Inc
Chattanooga, TN
$52,106,763
Community Foundation Of Greenville Inc
Greenville, SC
$33,639,494
East Tennessee Foundation
Knoxville, TN
$25,934,976
The Community Foundation Of Western North Carolina Inc
Asheville, NC
$38,320,270
Spartanburg County Foundation
Spartanburg, SC
$21,477,572
Central Carolina Community Foundation
Columbia, SC
$31,804,622
Community Foundation Of Greater Greensboro Inc
Greensboro, NC
$40,395,887
Community Foundation Of The Chattahoochee Valley Inc
Columbus, GA
$29,877,478
The Community Foundation For The Csra
Augusta, GA
$19,377,290
North Georgia Community Foundation
Gainesville, GA
$21,735,189

Create an account to unlock the data you need.

or