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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Philanthropy, Voluntarism & Grantmaking Foundation for the Carolinas

Foundation for the Carolinas

Fiscal year ending 2024. Filed on November 17, 2025.

220 North Tryon St
Student Svcs - Lyons Hall
Charlotte, North Carolina 28202

Foundation for the Carolinas (EIN: 56-6047886) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Foundation for the Carolinas, a 501(c)(3) charitable organization, reported compensation for 15 out of 141 total employees. Among the employees shown here, the average compensation is $297,140. The highest compensated employee at Foundation for the Carolinas is Cathy Bessant with fiscal year 2024 compensation of $737,104.

Revenue, expenses, and employee compensation

Revenue

$761,389,623

Expenses

$849,185,395

Employee compensation

$15,475,824
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Cathy Bessant
Chief Executive Officer
$737,104
$571,104 No related comp$166,000
Laura Smith
Former Chief Operating Officer
$440,043
$436,231 No related comp$3,812
Blair Stanford
CELC Executive Director
$333,692
$267,230 No related comp$66,462
Douglas W Benson
Chief Administrative and Chief RISK Officer (Secre
$305,316
$258,355 No related comp$46,961
Alyssa Federico
Chief Financial Officer (Treasurer)
$274,535
$228,615 No related comp$45,920
Nikhil Sawant
CIO (Thru 3/1/24)
$270,775
$245,614 No related comp$25,161
Evan N Wolkofsky
General Counsel (Asst Secretary)
$270,575
$213,325 No related comp$57,250
Munro C Richardson
READ Charlotte Executive Director
$262,315
$199,175 No related comp$63,140
Federico G Rios
Senior Vice President, Civic Leadership
$261,583
$216,270 No related comp$45,313
Elizabeth Kiser
Chief Philanthropy Officer
$259,934
$202,221 No related comp$57,713
Laura Yates Clark
President
$234,479
$234,479 No related compNo other comp
Sherri S Chisholm
LOO Executive Director
$230,333
$195,493 No related comp$34,840

Benchmark Employee Compensation

Non-Employee Board Members

Arrington Mixon
Chair
Asha Rodriguez
Director
Betsy Fleming
Director
Bill Martin
Director
Edward Serna
Director
Fred Whitfield
Director
Gene McLaurin
Director
Jada Grandy-Mock
Director
Kelly Katterhagen
Director
Kieth Cockrell
Chair-Elect
Lynn Good
Director
Malcomb Coley
Director

Contractors

James Cohan Gallery
Art Installment
$265,000
Mcguirewoods LLP
Legal
$217,997
Cherry Bekaert
Audit and Tax
$157,650
Adams Outdoor Advertising
Advertising
$143,535
Loyd Visuals
Consulting
$101,200

Mission Statement

FOUNDATION FOR THE CAROLINAS IS A NON-PROFIT COMMUNITY FOUNDATION SERVING DONORS AND A BROAD RANGE OF CHARITABLE PURPOSES IN NORTH AND SOUTH CAROLINA THROUGH GRANTMAKING AND CIVIC LEADERSHIP.

Revisions to this organization profile

November 17, 2025:
2024 Foundation for the Carolinas 990 filed
November 15, 2024:
2023 Foundation for the Carolinas 990 filed
November 15, 2023:
2022 Foundation for the Carolinas 990 filed

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