#283 of 500 · Foundation / Grantmaker / DAF

Foundation For The Carolinas

EIN 56-6047886 · NC · NTEE T310 · Form 990, fiscal 2023

A community foundation serving North and South Carolina. It manages charitable and donor-advised funds, administers grantmaking, and leads civic and community initiatives on behalf of thousands of individuals, families, companies and nonprofits. It is one of the largest community foundations in the United States.

Financials, fiscal 2023

Revenue

$538.0M

Expenses

$582.5M

Total assets

$3.49B

Net assets

$3.40B

Operating margin

-8.3%

1-year growth

-43.6%

5-year growth (CAGR)

16.7%

Reserve (years of spending)

70.0

Contributions share

83.6%

Programme spending

3.1%

Fundraising cost

0.0%

Executive pay share

0.48%

Employees

123

Revenue per employee

$4.4M

Grants paid

$540.9M

Years filing

61

NFP Health Score: 75 / 100

Financial 69 · Governance 75 · Operational 90. The score is built from Form 990 line items only. It cannot measure how well an organisation delivers its mission.

Mission

To inspire philanthropy and empower individuals to create a better community.

Revenue history