Foundation For The Carolinas

Organization Overview

Foundation For The Carolinas is located in Charlotte, NC. The organization was established in 1962. 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 12/2019, Foundation For The Carolinas employed 139 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.

For the year ending 12/2019, Foundation For The Carolinas generated $289.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (5.4%) each year. All expenses for the organization totaled $351.8m during the year ending 12/2019. You can explore the organizations financials more deeply in the financial statements section below.

Since 2016, Foundation For The Carolinas has awarded 4,567 individual grants totaling $1,179,525,014. 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

2019

Describe the Organization's Mission:

Part 3 - Line 1

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.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ENVIRONMENT AND WILDLIFE: DISBURSED 628 GRANTS TO VARIOUS ORGANIZATIONS TO SUPPORT ENVIRONMENTAL EFFORTS OF CONSERVATION, EDUCATION, AND OTHER PROJECTS.


EDUCATION AND YOUTH DEVELOPMENT: DISBURSED 4,338 GRANTS TO VARIOUS ORGANIZATIONS FOR SCHOLARSHIP PROGRAMS, EDUCATIONAL INSTITUTIONS, AND OTHER CURRICULUM PROGRAMS.


HEALTH AND HUMAN SERVICES: DISBURSED 3,461 GRANTS TO VARIOUS ORGANIZATIONS OFFERING SERVICES FOR SENIORS, YOUTH DEVELOPMENT, HOUSING AND SHELTER, AND OTHER COMMUNITY NEEDS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Bighouse Marketing Llc
Marketing
$142,645
Wheelhouse Media Llc
Marketing
$142,500
Hillary Crittendon
Administration Of Celc Prog
$130,769
Ec Davis Iii Grading
Excavation Services
$138,267
Mcguirewoods Llp
Legal Work
$127,686
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$57,380
Related organizations$17,885,045
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$235,521,744
Noncash contributions included in lines 1a–1f $107,900,055
Total Revenue from Contributions, Gifts, Grants & Similar$253,464,169
Total Program Service Revenue$18,448,979
Investment income $6,529,466
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$111,638
Net Gain/Loss on Asset Sales $11,405,482
Net Income from Fundraising Events -$39,516
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $289,696,942

Grants Awarded

Over the last fiscal year, Foundation For The Carolinas has awarded $277,495,047 in support to 1,215 organizations.

Grant RecipientAmount

SOUTHERN ENVIRONMENTAL LAW CENTER

Org PageRecipient Profile

Charlottesville, VA

PURPOSE: CHARITABLE GIFT

$20,575,000

Spartanburg, SC

PURPOSE: CHARITABLE GIFT

$15,035,000

Salisbury, NC

PURPOSE: CHARITABLE GIFT

$13,313,512

EARTHJUSTICE LEGAL DEFENSE FUND

Org PageRecipient Profile

San Francisco, CA

PURPOSE: CHARITABLE GIFT

$11,120,000

SOUTHERN APPALACHIAN HIGHLANDS CONSERVANCY

Org PageRecipient Profile

Asheville, NC

PURPOSE: CHARITABLE GIFT

$6,542,659

ROCKY MOUNTAIN INSTITUTE

Org PageRecipient Profile

Boulder, CO

PURPOSE: CHARITABLE GIFT

$6,000,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 118 grants that Foundation For The Carolinas has recieved totaling $46,682,370.

Awarding OrganizationAmount
Hyatt Hotels Foundation

Chicago, IL

PURPOSE: SECTION 139 DISASTER RELIEF

$9,500,000
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: GENERAL SUPPORT

$5,000,000
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: GENERAL SUPPORT

$5,000,000
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$3,936,396
AbbVie Employee Assistance Fund Inc

North Chicago, IL

PURPOSE: EMPLOYEE DISASTER AND HARDSHIP GRANT

$3,745,000
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: GENERAL SUPPORT

$3,000,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$527,201,754
Earnings$63,878,840
Admin Expense$4,969,229
Net Contributions$31,909,512
Grants$24,330,120
Ending Balance$593,690,757

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