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Foundation For The Carolinas

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 566047886 ✦ Charlotte, NC ✦ Designated as a 501(c)(3)

Overview

What is Foundation For The Carolinas?

The Foundation For The Carolinas is a prominent non-profit organization based in Charlotte, North Carolina, with an address at 220 North Tryon Street, ZIP code 28202. Their mission is to inspire philanthropy and strengthen the region by engaging in innovative community initiatives and delivering top-notch services to donors and constituents. They have granted funds to over 4,300 organizations in North and South Carolina, supporting scholarship programs, educational institutions, and various curriculum projects. Employing a team of 123 individuals, the Foundation For The Carolinas serves as a vital resource for charitable purposes in the Carolinas through its grantmaking and civic leadership efforts.


Official website here: www.fftc.org

Is Foundation For The Carolinas legitimate?

Foundation For The Carolinas is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundation For The Carolinas submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $2,665,163
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,726,264

For more financial information, click here


Official website here: www.fftc.org

What is the mission statement of Foundation For The Carolinas?

The Foundation For The Carolinas functions as a non-profit community foundation, serving donors and various charitable purposes in North and South Carolina. Through grantmaking and civic leadership, it inspires philanthropy and strengthens the region. The organization's mission is to foster innovative community initiatives and provide quality services to donors and constituents. Their efforts focus on education and youth development, with over 4,000 grants distributed to various organizations for scholarship programs, educational institutions, and curriculum initiatives.


Official website here: www.fftc.org

Who is the CEO of Foundation For The Carolinas?

Alyssa Federico is the Chair of Foundation For The Carolinas. The CEO's salary of Foundation For The Carolinas is $817,136 and their total compensation is $898,324.


Official website here: www.fftc.org

What is the revenue of Foundation For The Carolinas?

Foundation For The Carolinas's revenue in 2022 was $953,517,849.


Official website here: www.fftc.org

Who are the executives of Foundation For The Carolinas and what are their salaries?

The average compensation at Foundation For The Carolinas during 2022 was $92,613. There are 123 employees at Foundation For The Carolinas.

Here are 32 key members and their salaries (Foundation For The Carolinas's CEO's salary is $817,136 and their total compensation is $898,324):

    Michael Marsicano (President & Ceo)
  • Compensation: $817,136
  • Related: $0
  • Other: $81,188

    • Nikhil Sawant (Evp And Cio)
  • Compensation: $449,410
  • Related: $0
  • Other: $106,743

    • Laura Smith (Executive Vice President)
  • Compensation: $448,088
  • Related: $0
  • Other: $90,451

    • David B Collier (Executive Vice President)
  • Compensation: $353,868
  • Related: $0
  • Other: $85,816

    • Debra S Watt (Evp & Chro)
  • Compensation: $325,722
  • Related: $0
  • Other: $80,026

    • Blair Stanford (Celc Executive Director)
  • Compensation: $282,583
  • Related: $0
  • Other: $74,079

    • Douglas W Benson (Svp & General Counsel)
  • Compensation: $270,939
  • Related: $0
  • Other: $43,948

    • Alyssa Federico (Svp - Finance)
  • Compensation: $258,695
  • Related: $0
  • Other: $34,413

    • Munro C Richardson (Read Charlotte Executive Director)
  • Compensation: $193,889
  • Related: $0
  • Other: $59,694

    • Sherri S Chisholm (Loo Executive Director)
  • Compensation: $184,175
  • Related: $0
  • Other: $34,219

    • Tara Keener (Svp - Marketing & Communic)
  • Compensation: $169,906
  • Related: $0
  • Other: $39,635

    • Elizabeth Kiser (Svp - Philanthropic Advanc)
  • Compensation: $179,386
  • Related: $0
  • Other: $24,988

    • Charles G Beuris (Vp & Director - Investment Reporting)
  • Compensation: $161,528
  • Related: $0
  • Other: $39,504

    • Evan N Wolkofsky (Assistant Deputy Counsel)
  • Compensation: $159,243
  • Related: $0
  • Other: $36,981

    • Jewell Hoover (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Chantay Bouler (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Marian Steele Clark (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kieth Cockrell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Malcomb Coley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Betsy Fleming (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lynn Good (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jada Grandy-Mock (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kelly Katterhagen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Susan Kluttz (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ralph Lopez (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Gene Mclaurin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Arrington Mixon (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tom Nelson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jancy Patrick (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Chris Poplin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ruth Shaw (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Fred Whitfield (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.fftc.org

    Where can I find the form 990 for Foundation For The Carolinas?

    The Foundation For The Carolinas’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.fftc.org

    Learn more at the official website: www.fftc.org

    Mission Statement of Foundation For The Carolinas

    The Foundation For The Carolinas, a non-profit community foundation, is dedicated to inspiring philanthropy and strengthening their region in North and South Carolina through innovative community initiatives and quality services to donors and constituents. This organization serves a broad range of charitable purposes by means of grantmaking and civic leadership.

    In particular, the Foundation For The Carolinas focuses on education and youth development. They have disbursed over 4,000 grants to various organizations, contributing to scholarship programs, educational institutions, and other curriculum initiatives. By investing in education and youth development, the Foundation For The Carolinas aims to make a significant impact on the future of their community.

    Furthermore, the Foundation For The Carolinas is committed to inspiring philanthropy. They provide a platform for donors to make a difference in causes that matter most to them. Through their grantmaking and civic leadership, the Foundation For The Carolinas empowers donors to make informed decisions about where their contributions will have the greatest impact.

    In summary, the Foundation For The Carolinas is a catalyst for positive change in their community. By focusing on education and youth development, and by inspiring philanthropy, they are creating opportunities for a brighter future for all.

    Impact

    This information is meant to be a general summary of Foundation For The Carolinas. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Foundation For The Carolinas has made a significant impact by inspiring philanthropy and strengthening the region through innovative community initiatives and quality services to donors and constituents. Specifically, they have disbursed 4,307 grants to various organizations for scholarship programs, educational institutions, and other curriculum programs in North and South Carolina. Their work in education and youth development has helped to support the growth and development of individuals and communities in the region.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $50,596,670
  • Program Service Revenue: $16,083,082
  • Gross Receipts: $953,544,958

    • Assets and Liabilities:
  • Total Assets: $3,064,138,829
  • Total Liabilities: $74,905,838
  • Net Assets: $2,989,232,991
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    ADMINISTRATIVE FEES

    Revenue

    $16,083,082

    Organization Details

    Founding Year

    1958

    Principal Officer

    Alyssa Federico

    Main Address

    220 NORTH TRYON ST, CHARLOTTE, NC, 28202

    NTEE Category

    Code: T31 - Philanthropy

    If you are a representative of Foundation For The Carolinas and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.