Coastal Community Foundation Of South Carolina Inc

Organization Overview

Coastal Community Foundation Of South Carolina Inc is located in N Charleston, SC. The organization was established in 1982. 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, Coastal Community Foundation Of South Carolina Inc employed 50 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coastal Community Foundation Of South Carolina 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, Coastal Community Foundation Of South Carolina Inc generated $80.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.6% each year . All expenses for the organization totaled $26.6m during the year ending 06/2022. While expenses have increased by 8.0% 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 2015, Coastal Community Foundation Of South Carolina Inc has awarded 2,838 individual grants totaling $121,140,153. 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

CREATE COMMUNITIES RICH IN EQUITY, OPPORTUNITY, AND WELL-BEING BY UNITING PEOPLE AND INVESTING RESOURCES SO THAT ALL COMMUNITY MEMBERS HAVE A PATHWAY TO ACHIEVE THEIR GOALS.

Describe the Organization's Program Activity:

DEVELOPMENT & STEWARDSHIP - AS THE LARGEST COMMUNITY FOUNDATION IN SOUTH CAROLINA AND A RECOGNIZED PHILANTHROPIC LEADER IN THE SOUTHEAST, OUR DONOR-FOCUSED PHILOSOPHY PROVIDES A CONSULTIVE PARTNERSHIP AND BEST-IN-CLASS STEWARDSHIP TO INDIVIDUALS, FAMILIES AND COMPANIES. CCF HAS A PROVEN TRACK RECORD OF TURNING DONORS' BIG IDEAS INTO IMPACTFUL PROGRAMS AND SERVICES THAT NOT ONLY MEET CRITICAL NEEDS BUT PROVIDE SUPPORT FOR IMPORTANT COMMUNITY INITIATIVES NOW AND FOR YEARS TO COME.


GRANTMAKING - THE FOUNDATION'S STRONG EXPERTISE IN LONG-TERM CHARITABLE GIVING, AS WELL AS EMERGENCY RESPONSE FUNDING, PROVIDES ESSENTIAL OPERATIONAL AND CAPITAL SUPPORT IN OUR NINE-COUNTY SERVICE AREA. 2,257 GRANT & SCHOLARSHIP DISBURSEMENTS TOTALING $17,169,822 DURING THE YEAR IN THE FOLLOWING AREAS: 681 GRANTS TOTALING $4,228,902 SUPPORTING HUMAN NEEDS, 777 GRANTS TOTALING $4,412,065 SUPPORTING EDUCATION, 249 GRANTS TOTALING $2,119,540 SUPPORTING HEALTH INITIATIVES, 204 GRANTS TOTALING $1,165,526 SUPPORTING ENVIRONMENTAL EFFORTS, 118 GRANTS TOTALING $1,248,304 IN SUPPORT OF THE ARTS, 117 GRANTS TOTALING $2,667,988 IN SUPPORT OF RELIGIOUS PROGRAMS, 42 GRANTS TOTALING $239,698 SUPPORTING NEIGHBORHOOD & COMMUNITY DEVELOPMENT, 34 GRANTS TOTALING $939,200 SUPPORTING PHILANTHROPY, AND 35 GRANTS TOTALING $148,600 SUPPORTING SOCIAL JUSTICE PROGRAMS.


COMMUNITY LEADERSHIP - WITH A LONG HISTORY OF SERVING AS A TRUSTED COMMUNITY CONVENER, CCF BRINGS TOGETHER AREA RESIDENTS, BUSINESS LEADERS, AND GOVERNMENT TO TACKLE MAJOR COMMUNITY CHALLENGES, SUCH AS HOUSING SHORTAGES, INEQUITABLE SCHOOL SYSTEMS, ECONOMIC RECOVERY, AND NEIGHBORHOOD REVITALIZATION THROUGH A VARIETY OF PROGRAMS INCLUDING PLACE-BASED IMPACT INVESTING, ADVOCACY, AND COMMUNITY EDUCATION. CCF WAS CHOSEN BY THE RICHMOND FEDERAL RESERVE TO LEAD "REINVENTING OUR COMMUNITIES" PROGRAM IN THE CHARLESTON TRI-COUNTY AREA PROVIDING LEADERSHIP AND ADVOCACY FOR A CROSS-SECTOR COHORT OF COMMUNITY LEADERS TO GAIN SKILLS AND CREATE A TAILORED PLAN TO ADDRESS EQUITABLE SMALL BUSINESS RECOVERY AND SUPPORT FOR SMALL BUSINESS OWNERS OF COLOR IN OUR COMMUNITY (NEW IN 2020-2021).


STRATEGIC INITIATIVES INCLUDE 1) THE REVEREND PINCKNEY SCHOLARSHIP PROGRAM (EXPANDED DURING 2020-2021) DOUBLING THE NUMBER OF AREA STUDENTS SERVED THROUGH SCHOLARSHIP AND THE ADDITION OF AN 18-MONTH COLLEGE-READINESS PROGRAM FOR HIGH SCHOOL STUDENTS IN BEAUFORT, CHARLESTON, COLLETON, HAMPTON AND JASPER COUNTIES, PROVIDING TAILORED SUPPORT AND RESOURCES THROUGHOUT THE JUNIOR & SENIOR HIGH SCHOOL YEARS IN ADDITION TO SCHOLARSHIPS AND CONTINUED MENTORING WHILE IN COLLEGE; 2) CCF WAS CHOSEN AS ONE OF 20 RECIPIENTS OF THE FACEBOOK GRANT FOR SUSTAINING BLACK COMMUNITIES, AWARDED $1 MILLION IN FUNDS OVER A TWO YEAR ENGAGEMENT PERIOD FOR NONPROFIT ORGANIZATIONS AND PROGRAMS IN BERKELEY, CHARLESTON, AND DORCHESTER COUNTIES SUPPORTING INNOVATION, CREATIVITY, AND RESILIENCY IN BLACK COMMUNITIES. A CAPACITY BUILDING OPPORTUNITY IS EMBEDDED INTO THIS GRANT PROGRAM TO HELP AWARDED APPLICANTS SUSTAIN THEIR OPERATIONS AND EXPAND THEIR REACH. (NEW IN 2020-2021).


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Board, Officers & Key Employees

Name (title)Compensation
Darrin Goss
CEO
$282,273
Jane Litz
CFO
$161,271
Melissa Levesque
VP Of Development
$153,202
Edith Blakeslee
VP Of Grandmaking
$113,500
Herbert L Drayton III
Chair
$0
B Shawan Gillians
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$52,755,702
Noncash contributions included in lines 1a–1f $6,840,752
Total Revenue from Contributions, Gifts, Grants & Similar$52,755,702
Total Program Service Revenue$3,903,687
Investment income $7,235,083
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $82,589
Net Gain/Loss on Asset Sales $16,160,996
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $80,143,972

Grants Awarded

Over the last fiscal year, Coastal Community Foundation Of South Carolina Inc has awarded $14,748,683 in support to 399 organizations.

Grant RecipientAmount

NORTHWOOD ASSEMBLY INCORPORATED

Org PageRecipient Profile

Summerville, SC

PURPOSE: RELIGION GRANT

$1,696,651

BANK OF AMERICA CHARITABLE GIFT FUND

Org PageRecipient Profile

Boston, MA

PURPOSE: PHILANTHROPY - FUND CLOSURE GRANT

$624,000

INTERNATIONAL AFRICAN AMERICAN MUSEUM

Org PageRecipient Profile

Charleston, SC

PURPOSE: EDUCATION GRANT

$416,577

SPOLETO FESTIVAL USA

Org PageRecipient Profile

Charleston, SC

PURPOSE: ARTS GRANT

$349,244

MEDICAL UNIVERSITY OF SOUTH CAROLINA FOUNDATION

Org PageRecipient Profile

Charleston, SC

PURPOSE: HEALTH GRANT

$333,350

TOWN OF MONCKS CORNER

PURPOSE: HEALTH GRANT

$252,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 6 grants that Coastal Community Foundation Of South Carolina Inc has recieved totaling $195,331.

Awarding OrganizationAmount
Spartanburg County Foundation

Spartanburg, SC

PURPOSE: GENERAL SUPPORT

$50,000
Schwab Charitable Fund

San Francisco, CA

PURPOSE: PUBLIC, SOCIETAL BENEFIT

$44,700
Charleston Jewish Federation

Charleston, SC

PURPOSE: PESKIN ENDOWMENT

$38,131
Charleston Jewish Federation

Charleston, SC

PURPOSE: MILLS ENDOWMENT

$32,500
Charleston Jewish Federation

Charleston, SC

PURPOSE: HOFFMAN ENDOWMENT

$20,000
The Matchingfund Org

Mount Pleasant, SC

PURPOSE: GENERAL SUPPORT

$10,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$170,653,909
Earnings-$11,263,255
Admin Expense$1,834,266
Net Contributions$5,884,191
Other Expense$33,474
Grants$6,773,761
Ending Balance$156,633,344

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