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Filing year 2023

THE BELK FOUNDATION

Charlotte, North Carolina·EIN 27-0237197·NTEE T22 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)
Total revenue
-$2.6M
Total assets
$42.9M
Total expenses
$2.5M
Reported officers
10

Executive compensation

Form 990-PF · Part VIII · 1 reported individual · Filing year 2023

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

Executive Director
75th to 90th percentile
$171k
$187k

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 9 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 THE BELK FOUNDATION equaled 7% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

This organization (2023)
7%
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.

Grants paid

Itemized grants reported on this foundation's 2023 Form 990-PF, Part XV.

Total granted

$1.9M

Itemized grants

33

Median grant

$50k

RecipientLocationPurposeAmount
FOUNDATION FOR THE UNIVERSITY OF NORTH CAROLINA AT CHARLOTTE INC (TUTORING)CHARLOTTE, NCPROGRAM SUPPORT FOR TEACHER CANDIDATES TO HAVE A HIGH-QUALITY CLINICAL EXPERIENCE BY TUTORING K-5 GRADE CMS STUDENTS IN FOUNDATIONAL READING.$166k
FOUNDATION FOR THE CAROLINASCHARLOTTE, NCGENERAL OPERATING SUPPORT FOR READ CHARLOTTE, A COLLABORATIVE, COMMUNITY-WIDE MOVEMENT DEDICATED TO INCREASING THE % OF THIRD GRADERS READING ON GRADE LEVEL.$150k
AUGUSTINE LITERACY PROJECT - CHARLOTTECHARLOTTE, NCGENERAL OPERATING SUPPORT TO PROVIDE INTENSIVE TUTORING TO ASPIRING 1ST - 3RD GRADE READERS WHO ARE BEHIND IN READING. ALSO ADDITIONAL FUNDING AWARDED TO LAUNCH A TECHNOLOGY SOLUTION TO SUPPORT CONTINUED GROWTH OF THEIR TUTORING PROGRAM.$100k
TEACH FOR AMERICA INCCHARLOTTE, NCPROGRAM SUPPORT FOR RECRUITING, TRAINING, AND DEVELOPING IMPACT-DRIVEN TEACHERS AND LEADERS. TEACH FOR AMERICA SUPPORTS FIRST-AND SECOND-YEAR TEACHERS WHO TEACH SOME OF THE MOST VULNERABLE STUDENTS IN HIGHEST NEED CLASSROOMS.$100k
NORTH CAROLINA STATE UNIVERSITY (TURNAROUND)RALEIGH, NCPROGRAM SUPPORT FOR ADVANCING EDUCATIONAL OPPORTUNITY IN CHARLOTTE-MECKLENBURGS LOWEST-PERFORMING SCHOOLS THROUGH TEACHER RECRUITMENT, DEVELOPMENT, AND RETENTION.$87k
THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL (EQUITABLE ROSTERING)CHAPEL HILL, NCPROGRAM SUPPORT TO PILOT A SYSTEM FOR STUDENT ROSTERING PRACTICES.$82k
INTERNATIONAL HOUSE OF METROLINA INCCHARLOTTE, NCPROGRAM SUPPORT FOR MULTI-LANGUAGE LEARNERS TO RECEIVE LITERACY TUTORING AFTER SCHOOL AND DURING THE SUMMER MONTHS.$80k
HEART MATH TUTORING INCCHARLOTTE, NCGENERAL OPERATING SUPPORT FOR A MATH INTERVENTION PROGRAM THAT PROVIDES CURRICULUM AND ON-SITE SUPPORT FOR VOLUNTEER TUTORS IN TITLE I CMS ELEMENTARY SCHOOLS.$75k
HELPING EDUCATIONRALEIGH, NCPROGRAM SUPPORT TO DELIVER READING FLUENCY LITERACY PROGRAMMING TO CMS STUDENTS.$75k
YMCA OF GREATER CHARLOTTECHARLOTTE, NCPROGRAM SUPPORT FOR Y READERS YEAR-ROUND PROGRAMMING TO ACCELERATE LITERACY GROWTH FOR KINDERGARTEN THROUGH THIRD GRADE STUDENTS IN CMS.$75k
NORTH CAROLINA STATE UNIVERSITY (PRINCIPAL STUDY)RALEIGH, NCPROGRAM SUPPORT TO DEVELOP AND PILOT A TRANSFORMATIONAL PRINCIPAL LEARNING MODEL FOR EARLY GRADES LEADERSHIP IN NORTH CAROLINA.$70k
NATIONAL BLACK CHILD DEVELOPMENT INSTITUTE - CHARLOTTECHARLOTTE, NCPROGRAM SUPPORT TO THE FAMILY EMPOWERMENT PROGRAM (FEP) TO BUILD THE CAPACITY OF PARENTS AND CAREGIVERS AS LEADERS AND ADVOCATES OF THEIR FAMILIES.$68k
URBANPROMISE CHARLOTTECHARLOTTE, NCGENERAL OPERATING SUPPORT FOR A YEAR-ROUND PROGRAM FOR LOW-INCOME STUDENTS THAT PROVIDES OUT-OF-SCHOOL TIME ACADEMIC AND SPIRITUAL DEVELOPMENT.$65k
CMS FOUNDATION (TEACHER INNOVATION)CHARLOTTE, NCPROGRAM SUPPORT FOR COACHING AND PROJECT PLANNING FOR SCHOOLS AND TEACHER-LED TEAMS PARTICIPATING IN THE CMS FOUNDATION INNOVATION CENTER.$50k
CMS FOUNDATION (TEACHER RESIDENCY)CHARLOTTE, NCPROGRAM SUPPORT FOR THE CMS TEACHING RESIDENCY, WITH A GOAL OF INCREASING THE LICENSING OF NON-TRADITIONAL TEACHERS.$50k
FOUNDATION FOR THE CAROLINAS (SUMMER PROGRAM)CHARLOTTE, NCGENERAL OPERATING SUPPORT FOR A COLLECTIVE OF 6 LOCAL NON-PROFIT PARTNERS WORKING COLLABORATIVELY TO EXPAND THE NUMBER OF SCHOOLS AND STUDENTS WHO HAVE ACCESS TO SUMMER PROGRAMS ACROSS CHARLOTTE-MECKLENBURG SCHOOLS.$50k
FREEDOM SCHOOL PARTNERS INCCHARLOTTE, NCPROGRAM SUPPORT FOR SUMMER PROGRAM TO STOP SUMMER LEARNING LOSS AND CREATE PASSIONATE READERS AND LEARNERS.$50k
LATINX EDUCATION CENTERCHAPEL HILL, NCGENERAL OPERATING SUPPORT FOR THE LATINX LEADERSHIP PIPELINES PRACTICES INITIATIVE TO SUPPORT SCHOOL LEADERS.$50k
NORTH CAROLINA BUSINESS LEADERS FOR EDUCATION BEST NCCARY, NCPROGRAM SUPPORT FOR THE CONTINUED ADVOCACY FOR REFORM OF TEACHER COMPENSATION, LICENSURE, AND DEVELOPMENT.$50k
OURBRIDGE INCCHARLOTTE, NCGENERAL OPERATING SUPPORT FOR AN AFTERSCHOOL PROGRAM WITH A FOCUS ON LITERACY FOR CHILDREN FROM TITLE I CMS SCHOOLS.$50k
NORTH CAROLINA BUSINESS LEADERS FOR EDUCATION BEST NCCARY, NCGENERAL OPERATING SUPPORT FOR BEST NC, A NONPROFIT, NON-PARTISAN COALITION OF BUSINESS LEADERS COMMITTED TO TRANSFORMING NORTH CAROLINA EDUCATION THROUGH STATE POLICY AND ADVOCACY.$45k
THE INNOVATION PROJECT (TIP)RALEIGH, NCPROGRAM SUPPORT TO SUPPORT RURAL NC DISTRICT SUPERINTENDENTS TO IMPROVE STUDENT LEARNING EXPERIENCE AND ACADEMIC OUTCOMES THROUGH INNOVATIVE STRATEGIES.$45k
COMMUNITIES IN SCHOOLS OF CHARLOTTE MECKLENBURG INCCHARLOTTE, NCPROGRAM SUPPORT TO REMOVE BARRIERS TO EDUCATIONAL EQUITY AND INCREASE ATTENDANCE FOR ELEMENTARY STUDENTS.$40k
THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILLCHAPEL HILL, NCPROGRAM SUPPORT FOR COMPARATIVE RESEARCH OF THE CMS AND NC TEACHER WORKFORCES, INCLUDING PREPARATION, EFFECTIVENESS AND RETENTION OF EXCELLENT TEACHERS.$36k
NC ALLIANCE FOR SCHOOL LEADERSHIP DEVELOPMENTRALEIGH, NCPROGRAM SUPPORT TO CREATE AND IMPLEMENT THE EARLY CAREER PRINCIPALS ACADEMY, A STATEWIDE LEADERSHIP DEVELOPMENT INITIATIVE FOR EARLY-CAREER PUBLIC SCHOOL PRINCIPALS.$35k
Compare this foundation's grantees

Up 25%
from 2022

From $137k in 2022 to $171k in 2023.

$137k
2022
$171k
2023
In today's dollarsEst.
Up 20% in real terms$156k to $187k

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.

Pay for the position

Chief Executive Officer pay rose 25% from 2022 to 2023.

$137k in 2022 to $171k in 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

This is a private foundation. Peers are foundations of similar asset size ($25M - $50M), because foundation pay scales with assets under management, not revenue.

Sector benchmark

What Philanthropy, Voluntarism & Grantmaking executives earn in North Carolina

Comparable philanthropy, voluntarism & grantmaking organizations in North Carolina pay their highest-earning executive a median of $42,970.

25th percentile
$10k
Median
$42,970
75th percentile
$100k
90th percentile
$204k

These are philanthropy, voluntarism & grantmaking sector-wide figures, not this organization's reported pay. Based on 471 organizations across 471 filings (2022 – 2024).

See full Philanthropy, Voluntarism & Grantmaking pay data for North Carolina
FAQ

Common questions about THE BELK FOUNDATION

What does the Chief Executive Officer of THE BELK FOUNDATION earn?

In 2023, the Chief Executive Officer of THE BELK FOUNDATION received $171,204 in total compensation. This pay is in the top quarter for Chief Executive Officer roles among Philanthropy, Voluntarism & Grantmaking organizations in North Carolina, though not the top 10% of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at THE BELK FOUNDATION 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 THE BELK FOUNDATION falls between the 75th and 90th percentiles. In 2023, the highest total compensation at THE BELK FOUNDATION equaled 7% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

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This is a private foundation. Peers are foundations of similar asset size ($25M - $50M), because foundation pay scales with assets under management, not revenue.