Cumberland Community Foundation Inc

Organization Overview

Cumberland Community Foundation Inc is located in Fayetteville, NC. The organization was established in 1980. 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, Cumberland Community Foundation Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cumberland 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 06/2022, Cumberland Community Foundation Inc generated $14.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.1% each year . All expenses for the organization totaled $6.6m during the year ending 06/2022. While expenses have increased by 5.7% 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 2021, Cumberland Community Foundation Inc has awarded 226 individual grants totaling $10,302,354. 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

2022

Describe the Organization's Mission:

Part 3 - Line 1

FACILITATE, ENCOURAGE, AND GROW PHILANTHROPY FOR DIVERSE CAUSES TO IMPROVE THE QUALITY OF LIFE FOR ALL IN CUMBERLAND COUNTY, NC.

Describe the Organization's Program Activity:

Part 3 - Line 4a

CUMBERLAND COMMUNITY FOUNDATION (CCF) FACILITATES AND ENCOURAGES PHILANTHROPY IN CUMBERLAND COUNTY, NORTH CAROLINA THROUGH GRANT MAKING, SCHOLARSHIPS, ENDOWMENT BUILDING FOR DIVERSE CAUSES, COMMUNITY LEADERSHIP, AND NONPROFIT TRAINING. DURING FISCAL YEAR 2021-2022, CCF MADE SCHOLARSHIPS AND GRANTS TOTALING $5,504,082 TO SUPPORT STUDENTS AND PROGRAMS IN EDUCATION, HUMAN SERVICES, YOUTH, HEALTH, ENVIRONMENT, HISTORICAL PRESERVATION, ARTS AND CULTURE, ECONOMIC EMPOWERMENT, AND OTHER TYPES OF CHARITABLE PROGRAMS. CCF PROVIDES COMMUNITY LEADERSHIP THROUGH TRAINING AND TECHNICAL ASSISTANCE FOR LOCAL NONPROFIT ORGANIZATIONS, FUNDRAISING CAMPAIGNS FOR DIVERSE ORGANIZATIONS, CONVENINGS TO BUILD COLLABORATION AND IMPACT, DONOR EDUCATION EVENTS, AND SERVICE ON COMMUNITYWIDE PROJECTS THAT IMPROVE THE QUALITY OF LIFE IN MANY AREAS.


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Board, Officers & Key Employees

Name (title)Compensation
Mary Holmes
President/ceo
$171,392
Mary Anne Brooks
Chief Financial Officer
$104,763
Bruce Dantzler
Board Chair
$0
Gail A Riddle
Vice-Chair
$0
Carol L Dickey
Secretary
$0
Frank R Lopes Jr
Treasurer
$0

Financial Statements

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$7,367,477
Noncash contributions included in lines 1a–1f $1,121,579
Total Revenue from Contributions, Gifts, Grants & Similar$7,367,477
Total Program Service Revenue$0
Investment income $7,228,833
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $14,799,053

Grants Awarded

Over the last fiscal year, Cumberland Community Foundation Inc has awarded $5,059,339 in support to 116 organizations.

Grant RecipientAmount

CAROLINA PUBLIC PRESS

Org PageRecipient Profile

Asheville, NC

PURPOSE: CHARITABLE GIFT

$375,120

CAPE FEAR BOTANICAL GARDEN

Org PageRecipient Profile

Fayetteville, NC

PURPOSE: CHARITABLE GIFT

$295,883

METHODIST UNIVERSITY

Org PageRecipient Profile

Fayetteville, NC

PURPOSE: CHARITABLE GIFT

$232,352

CAPE FEAR REGIONAL THEATRE AT FAYETTEVILLE INC

Org PageRecipient Profile

Fayetteville, NC

PURPOSE: CHARITABLE GIFT

$166,503

FAYETTEVILLE URBAN MINISTRY INC

Org PageRecipient Profile

Fayetteville, NC

PURPOSE: CHARITABLE GIFT

$151,625

CURAMERICAS GLOBAL INC

Org PageRecipient Profile

Raleigh, NC

PURPOSE: CHARITABLE GIFT

$150,700
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 7 grants that Cumberland Community Foundation Inc has recieved totaling $1,115,198.

Awarding OrganizationAmount
Foundation For The Carolinas

Charlotte, NC

PURPOSE: CHARITABLE GIFT

$1,000,000
The Bessemer Giving Fund

Woodbridge, NJ

PURPOSE: GENERAL SUPPORT

$100,000
Special Forces Charitable Trust

Southern Pines, NC

PURPOSE: FAMILY ASSISTANCE

$10,000
Pfizer Foundation Inc

New York, NY

PURPOSE: MATCHING GIFTS

$4,370
Carolyn Riddle Armstrong Charitable Foundation

Fayetteville, NC

PURPOSE: TO SUPPORT CHARITABLE MISSION

$500
Riddle Family Foundation

Fayetteville, NC

PURPOSE: SUPPORT OPERATIONS OF ORGANIZATION

$300
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$91,511,504
Earnings-$11,372,474
Admin Expense$689,405
Net Contributions$2,049,163
Other Expense$149,612
Grants$2,853,914
Ending Balance$78,495,262

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