Disable all preview features

Community Development : Community Foundations

Foundation For The Carolinas

Inspiring philanthropy

four stars

97.17

220 North Tryon Street Charlotte, NC 28202
tel: (800) 973-7244   Web Site
EIN: 56-6047886

Board Leadership
Todd Mansfield
Chair

CEO
Michael Marsicano
President & CEO

  Score
(out of 100)
Rating
Overall Score & Rating 97.17 four stars
  Financial 100.00 four stars
  Accountability & Transparency 96.00 four stars
This rating was published 10/01/2019 and includes data from FY2017, the most recent 990 received at that time.

Established in 1958, Foundation For The Carolinas inspires philanthropy and empowers individuals to create a better community.

Established in 1958, Foundation For The Carolinas inspires philanthropy and empowers individuals to create a better community.

Impact Information

data icon Looking for Impact Information?

Charity Navigator is collaborating with GuideStar, GlobalGiving, Classy, and ImpactMatters to display impact-related information on our rated profile pages. Each partner collects this data directly from nonprofits and provides updates to Charity Navigator when available.

If you are interested in seeing this charity provide its impact information, please click below. This will indicate your interest and encourage the nonprofit to share data with partners that are currently collecting information.

Financial

four stars

100.00

Accountability & Transparency

four stars

96.00

This rating was published 10/01/2019 and includes data from FY2017, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
97.7%
  Administrative Expenses 1.9%
  Fundraising Expenses 0.3%
  Fundraising Efficiency < $0.01
  Working Capital Ratio (years) 4.61
  Program Expenses Growth 22.3%
  Liabilities to Assets 4.0%
All data for Financial Performance Metrics calculations was provided by Foundation For The Carolinas on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Foundation For The Carolinas on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Foundation For The Carolinas (NC) 97.17 four stars
Baltimore Community Foundation (MD) 86.29 three stars
New Hampshire Charitable Foundation (NH) 91.83 four stars
Central Indiana Community Foundation (IN) 91.42 four stars
CREATE Foundation (MS) 90.58 four stars

Compare These Charities (Highly Rated)

REVENUE  
Contributions  
   Contributions, Gifts & Grants $523,654,560
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $105,940
   Related Organizations $67,365,592
   Government Grants $0
Total Contributions $591,126,092
   Program Service Revenue $15,306,080
Total Primary Revenue $606,432,172
   Other Revenue $56,042,033
TOTAL REVENUE $662,474,205
   
EXPENSES  
   Program Expenses $425,238,306
   Administrative Expenses $8,987,113
   Fundraising Expenses $1,224,321
TOTAL FUNCTIONAL EXPENSES $435,449,740
   
Payments to Affiliates $0
Excess (or Deficit) for the year $227,024,465
   
Net Assets $1,828,864,337

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Environment $195,391,970 45.9%
Education $96,015,245 22.6%
Civic Activities $19,326,009 4.5%

Ratings History
Foundation For The Carolinas has received 2 consecutive 4-star ratings from Charity Navigator.

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2017-12 10/01/2019 97.17 four stars
2016-12 09/01/2018 94.34 four stars
2016-12 06/01/2018 91.51 four stars
2015-12 06/01/2017 89.39 three stars
2014-12 06/01/2016 86.44 three stars
 
CN 2.0
2014-12 11/01/2015 86.56 three stars
2013-12 05/01/2015 94.33 four stars
2012-12 12/20/2013 92.21 four stars
2011-12 04/01/2013 94.33 four stars
2010-12 04/01/2012 94.32 four stars
2009-12 09/20/2011 97.13 four stars
 
CN 1.0
2009-12 04/01/2011 99.31 four stars
2008-12 05/01/2010 99.34 four stars
2007-12 02/01/2009 99.45 four stars
2006-12 02/01/2008 99.37 four stars
2005-12 11/01/2006 99.08 four stars
2004-12 12/01/2005 99.16 four stars
2003-12 10/01/2004 88.46 three stars
2002-12 10/01/2003 83.19 three stars
2001-12 02/05/2003 90.79 four stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 56-6047886
Name in IRS Master File FOUNDATION FOR THE CAROLINAS
NTEE Code T31
NTEE Classification Community Foundations
NTEE Type Philanthropy, Voluntarism and Grantmaking Foundations
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (602) Gifts, grants, or loans to other organizations
(59) Other school related activities
(600) Community Chest, United Way, etc.
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date October, 1962
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End December
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • December, 2017
  • December, 2016
  • December, 2015
  • December, 2014
  • December, 2013
Compensation % of Expenses Paid to Title
$616,722 0.14% Michael Marsicano President, CEO

Highly Rated

Charity Name & State Overall Score Overall Rating
Foundation For The Carolinas (NC) 97.17 four stars
Seattle Foundation (WA) 94.51 four stars
Community Foundation of Henderson County (NC) 95.17 four stars
Erie Community Foundation (PA) 96.64 four stars
The Dayton Foundation (OH) 87.41 three stars

Compare These Charities (Highly Rated)

This charity has an official representative registered with Charity Navigator.

Charity Contact Info

Foundation For The Carolinas
220 North Tryon Street
Charlotte, NC 28202
tel: (800) 973-7244
fax: (704) 973-4599
EIN: 56-6047886

Visit Web Site

Board Leadership

Todd Mansfield
Chair

CEO

Michael Marsicano
President & CEO

Join Our Mailing List

Join over 400,000 other informed givers and get updates on charity ratings, new features, hot topics, and tips for donating.