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Filing year 2023

FOUNDATION FOR THE CAROLINAS

Charlotte, North Carolina·EIN 56-6047886·NTEE T310 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)
Total revenue
$538M
Total assets
$3.5B
Total expenses
$582.5M
Reported officers
33
Mission

INSPIRING PHILANTHROPY AND STRENGTHENING OUR REGION THROUGH INNOVATIVE COMMUNITY INITIATIVES AND QUALITY SERVICES TO DONORS AND CONSTITUENTS.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 14 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at Philanthropy, Voluntarism & Grantmaking organizations nationwide.

President & CEO (thru 1/7/23)
Above 90th percentilevs Philanthropy, Voluntarism & Grantmaking peers in North Carolina
$958k
$1M
Base
$15k
Bonus
$500k
Other
$437k
Benefits
$1k
President & CEO (from 1/7/23)
Above 90th percentilevs Philanthropy, Voluntarism & Grantmaking peers in North Carolina
$848k
$926k
Base
$566k
Bonus
$200k
Other
$6k
Benefits
$17k
Senior VP & General Counsel
Senior Vice President
Above 90th percentile
$422k
$461k
Base
$248k
Bonus
$127k
Other
$1k
Benefits
$12k
Executive Vice President and Chro
Executive Vice President
75th to 90th percentile
$404k
$441k
Base
$239k
Bonus
$96k
Other
$5k
Benefits
$22k
Executive Vice President and CIO
Above 90th percentilevs Philanthropy, Voluntarism & Grantmaking peers in North Carolina
$402k
$439k
Base
$300k
Bonus
$30k
Other
$4k
Benefits
$25k
Celc Executive Director
Above 90th percentilevs Philanthropy, Voluntarism & Grantmaking peers in North Carolina
$399k
$436k
Base
$252k
Bonus
$75k
Other
$2k
Benefits
$21k
Senior Vice President, Finance
Senior Vice President
75th to 90th percentile
$385k
$420k
Base
$220k
Bonus
$117k
Other
$1k
Benefits
$4k
Svp, Philanthropic Advancement
Senior Vice President
Median to 75th percentile
$273k
$298k
Base
$195k
Bonus
$20k
Other
$1k
Benefits
$18k
Read Charlotte Executive Director
75th to 90th percentilevs Philanthropy, Voluntarism & Grantmaking peers in North Carolina
$269k
$294k
Base
$185k
Bonus
$20k
Other
$1k
Benefits
$23k
Svp, Marketing & Communications
Senior Vice President
Median to 75th percentile
$243k
$266k
Base
$165k
Bonus
$40k
Other
$450
Benefits
$13k
Loo Executive Director
75th to 90th percentilevs Philanthropy, Voluntarism & Grantmaking peers in North Carolina
$230k
$251k
Base
$182k
Bonus
$20k
Other
$405
Benefits
$15k
Special Advisor for Civic Initiatives
Highest Compensated Employee
75th to 90th percentile
$205k
$224k
Base
$148k
Bonus
$20k
Other
$2k
Benefits
$10k
VP - Centers for Giving
Board Vice President
75th to 90th percentile
$204k
$222k
Base
$160k
Bonus
$15k
Other
$405
Benefits
$17k
Svp, Civic Leadership
Senior Vice President
25th percentile to median
$176k
$192k
Base
$145k
Bonus
$15k
Other
$260
Benefits
$16k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 19 unpaid individuals.

Browse compensation in Philanthropy, Voluntarism & Grantmaking

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at FOUNDATION FOR THE CAROLINAS equaled 0.2% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

This organization (2023)
0.2%
Sector median
15%
Middle half of sector
5% to 24%

Based on 35,946 philanthropy, voluntarism & grantmaking organizations, each measured at its most recent filing year with reported expenses and compensation.

Funded by

Private foundations whose Form 990-PF Part XV grants matched this organization.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about FOUNDATION FOR THE CAROLINAS

What does the Chief Executive Officer of FOUNDATION FOR THE CAROLINAS earn?

In 2023, the Chief Executive Officer of FOUNDATION FOR THE CAROLINAS received $958,170 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among Philanthropy, Voluntarism & Grantmaking organizations in North Carolina: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at FOUNDATION FOR THE CAROLINAS compare with similar nonprofits?

Compared with the same role at Philanthropy, Voluntarism & Grantmaking organizations in North Carolina, the 2023 pay of the Chief Executive Officer at FOUNDATION FOR THE CAROLINAS falls in the top 10%. In 2023, the highest total compensation at FOUNDATION FOR THE CAROLINAS equaled 0.2% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

What are FOUNDATION FOR THE CAROLINAS's revenue and expenses?

In 2023, FOUNDATION FOR THE CAROLINAS reported $538M in total revenue and $582.5M in total expenses on its IRS Form 990.

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