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EIN 56-6047886

Foundation for the Carolinas

IRS 501(c) type
501(c)(3)
Num. employees
123
City
Charlotte
State
North Carolina
Year formed
1958
Most recent tax filings
2023-12-01
NTEE code, primary
T31: Community Foundations
Description
Foundation for the Carolinas inspires philanthropy and strengthens the North and South Carolina region through civic leadership and innovative community initiatives. It serves as a catalyst for philanthropic activity in the 13-county region, offering innovative solutions to help individuals, non-profits, and companies realize their charitable visions. The foundation has disbursed 173 grants to various organizations supporting international, foreign affairs, and national security programs.
Total revenues
$538,046,453
2023
Total expenses
$582,472,149
2023
Total assets
$3,492,760,144
2023
Num. employees
123
2023

Program areas at Foundation for the Carolinas

Education and youth development: disbursed 4,508 grants to various organizations for scholarship programs, educational institutions, and other curriculum programs.
Health and human services: disbursed 4,307 grants to various organizations offering services for seniors, youth development, housing and shelter, and other community needs.
Environment and wildlife: disbursed 768 grants to various organizations to support environmental efforts of conservation, education, and other projects.
Animal welfare: disbursed 248 grants to various organizations to support animal care, shelter, and spay and neuter programs.
Evolving needs and opportunities: disbursed 828 grants to support evolving needs and opportunities.
Arts & culture: disbursed 1,129 grants to various organizations providing support to the cultural community through art, history, and education.
Religion: disbursed 1,511 grants to support religious organizations.
International, foreign affairs and national security: disbursed 184 grants to various organizations to support international, foreign affairs and national security programs.
Other: disbursed 31 grants to various organizations to support other programs.
Foundation for the Carolinas serves as a catalyst for philanthropic activity in our 13-county region and is a driver for major civic efforts. We offer innovative solutions that help individuals, non-profits, and companies bring their charitable visions to life. Fftc supports personal and corporate philanthropy through a range of innovative fund and giving options. We also drive non-profit sustainability through endowment management, customized solutions, and grantmaking. Fftc funds are charged annual administrative fees based onthe fair market value of the assets in the fund.

Grants made by Foundation for the Carolinas

GranteeGrant descriptionAmount
Catawba CollegeCharitable Gift$33,971,673
Southern Environmental Law Center (SELC)Charitable Gift$29,462,000
Rocky Mountain InstituteCharitable Gift$24,200,000
...and 917 more grants made totalling $507,223,984

Who funds Foundation for the Carolinas

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Community Investments FoundationGrantmaking$17,535,485
Carolina Thread TrailTrail Development$7,463,261
AbbVie Employee Assistance FundEmployee Disaster and Hardship Grant$3,745,000
...and 141 more grants received totalling $60,857,867

Personnel at Foundation for the Carolinas

NameTitleCompensation
Catherine P. BessantChief Executive Officer
Michael MarsicanoPresident and Chief Executive Officer$817,136
Bill LorenzChief Operating Officer
Alyssa FedericoChief Financial Officer$258,695
Tara KeenerChief Marketing Officer$169,906
...and 27 more key personnel

Financials for Foundation for the Carolinas

RevenuesFYE 12/2023
Total grants, contributions, etc.$449,946,789
Program services$16,659,425
Investment income and dividends$10,671,820
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$535,346
Net gain from sale of non-inventory assets$60,243,924
Net income from fundraising events$-10,851
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$538,046,453

Form 990s for Foundation for the Carolinas

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-15990View PDF
2021-122022-11-15990View PDF
2020-122021-11-15990View PDF
2019-122021-04-01990View PDF
2018-122020-02-04990View PDF
...and 9 more Form 990s
Data update history
November 4, 2024
Updated personnel
Identified 20 new personnel
October 23, 2024
Received grants
Identified 5 new grant, including a grant for $145,000 from American Endowment Foundation
July 15, 2024
Received grants
Identified 30 new grant, including a grant for $1,900,000 from Abbvie Foundation
May 18, 2024
Received grants
Identified 3 new grant, including a grant for $250,000 from Lowe's Foundation
February 3, 2024
Received grants
Identified 59 new grant, including a grant for $17,535,485 from Community Investments Foundation
Nonprofit Types
Grantmaking organizationsCommunity foundationsHeadquarter / parent organizationsCharities
Issues
Community improvement
Characteristics
Operates donor advised fundsProvides grantsLobbyingFundraising eventsEndowed supportTax deductible donationsAccepts online donations
General information
Address
220 N Tryon St
Charlotte, NC 28202
Metro area
Charlotte-Concord-Gastonia, NC-SC
County
Mecklenburg County, NC
Website URL
fftc.org/ 
Phone
(704) 973-4500
Facebook page
foundationforthecarolinas 
IRS details
EIN
56-6047886
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1958
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T31: Community Foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Central organization
California AB-488 details
AB 488 status
May Operate or Solicit for Charitable Purposes
Charity Registration status
Current - Awaiting Reporting
FTB status revoked
Not revoked
AG Registration Number
116839
FTB Entity ID
None yet
AB 488 data last updated ("as-of") date
2024-12-31
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