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EIN 56-6047886

Foundation for the Carolinas

IRS 501(c) type
501(c)(3)
Num. employees
139
City
Charlotte
State
North Carolina
Year formed
1958
Most recent tax filings
2019-12-01
NTEE code, primary
T31: Community Foundations
Description
Foundation For The Carolinas is a nonprofit community foundation serving donors and a broad range of charitable purposes in North and south Carolina through grantmaking and civic leadership. Inspiring philanthropy and strengthening our region through innovative community initiatives and quality services to donors and constituents.
Total revenues
$289,696,942
2019
Total expenses
$351,759,763
2019
Total assets
$2,093,030,625
2019
Num. employees
139
2019

Program areas at Foundation for the Carolinas

Environment and wildlife: disbursed 628 grants to various organizations to support environmental efforts of conservation, education, and other projects.
Health and human services: disbursed 3,461 grants to various organizations offering services for seniors, youth development, housing and shelter, and other community needs.
Education and youth development: disbursed 4,338 grants to various organizations for scholarship programs, educational institutions, and other curriculum programs.
Arts & culture : disbursed 1,059 grants to various organizations providing support to the cultural community through art, history, and education.
Civic activities: disbursed 786 grants to various organizations to support public safety, civil rights, and community improvement.
Religion: disbursed 1,579 grants to support religious organizations.
Animal welfare: disbursed 307 grants to various organizations to support animal care, shelter, and spay and neuter programs.
International, foreign affairs and national security: disbursed 201 grants to various organizations to support international, foreign affairs and national security programs.
Other: disbursed 30 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, nonprofits, 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 nonprofit sustainability through endowment management, customized solutions, and grantmaking. Fftc funds are charged annual administrative fees based on the fair market value of the assets in the fund.

Who funds Foundation for the Carolinas

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
New York Life FoundationCca General$27,460,595
Community Investments FoundationGrantmaking$20,113,159
Hyatt Hotels FoundationSection 139 Disaster Relief$9,500,000
...and 133 more grants received totalling $95,297,032

Personnel at Foundation for the Carolinas

NameTitleCompensation
Michael Marsicano, PH.D.President and Chief Executive Officer$596,592
Nikhil SawantExecutive Vice President of Business Services and Chief Information Officer$240,635
Debra WattChief Human Resources Officer$209,496
Ethridge DarlenePresident
Munro C RichardsonRead Charlotte Executive Director$180,960
...and 7 more key personnel

Financials for Foundation for the Carolinas

RevenuesFYE 12/2019
Total grants, contributions, etc.$253,464,169
Program services$18,448,979
Investment income and dividends$6,529,466
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$-111,638
Net gain from sale of non-inventory assets$11,405,482
Net income from fundraising events$-39,516
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$289,696,942

Form 990s for Foundation for the Carolinas

Fiscal year endingDate received by IRSFormPDF link
2019-122021-04-01990View PDF
2018-122020-02-04990View PDF
2017-122019-02-21990View PDF
2016-122018-01-18990View PDF
2015-122017-03-31990View PDF
...and 6 more Form 990s

Organizations like Foundation for the Carolinas

OrganizationLocationRevenue
Greater Washington Community FoundationWashington, DC$81,678,306
California Community FoundationLos Angeles, CA$440,080,131
Tulsa Community FoundationTulsa, OK$164,263,183
The Chicago Community TrustChicago, IL$862,303,171
The Dallas FoundationDallas, TX$97,887,988
The Boston Foundation (TBF)Boston, MA$182,767,888
New York Community TrustNew York, NY$358,337,719
The Community Foundation for Greater AtlantaAtlanta, GA$182,835,333
Orange County Community Foundation (OCCF)Newport Beach, CA$141,757,091
The Cleveland FoundationCleveland, OH$120,009,767
Data update history
December 1, 2022
Posted financials
Added Form 990N for fiscal year 2021
December 1, 2022
Updated personnel
Identified 1 new personnel
August 3, 2022
Received grants
Identified 18 new grant, including a grant for $27,460,595 from New York Life Foundation
October 3, 2021
Received grants
Identified 41 new grant, including a grant for $20,113,159 from Community Investments Foundation
September 24, 2021
Received grants
Identified 33 new grant, including a grant for $5,000,000 from The Bank of America Charitable Foundation
Nonprofit Types
Grantmaking organizationsCommunity foundationsSocial advocacy organizationsCharities
Issues
Community improvement
Characteristics
Operates donor advised fundsProvides grantsLobbyingFundraising eventsOperates internationallyEndowed supportTax deductible donations
General information
Address
220 North 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
813312: Environment, Conservation, and Wildlife Organizations
Parent/child status
Independent
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