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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 2017. Filed on November 14, 2018.

220 North Tryon St
32161
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 2017 IRS Form 990 filing, Foundation for the Carolinas, a 501(c)(3) charitable organization, reported compensation for 10 out of 106 total employees. Among the employees shown here, the average compensation is $284,949. The highest compensated employee at Foundation for the Carolinas is Michael Marsicano with fiscal year 2017 compensation of $745,535.

Revenue, expenses, and employee compensation

Revenue

$662,474,205

Expenses

$435,449,740

Employee compensation

$10,366,001
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Michael Marsicano
President and Chief Executive Officer
$745,535
$616,722 No related comp$128,813
Laura J Smith
Executive Vice President
$331,706
$269,291 No related comp$62,415
David B Collier
Executive Vice President
$330,070
$264,893 No related comp$65,177
Holly Welch Stubbing
Executive Vice President
$311,623
$262,613 No related comp$49,010
Debra S Watt
Senior Vice President - IT and HR
$217,038
$170,303 No related comp$46,735
Munro C Richardson
Executive Director
$204,687
$167,697 No related comp$36,990
Julie Caldwell
Development Director
$194,644
$170,532 No related comp$24,112
Doug Benson
Vice President and Deputy CO
$182,138
$154,392 No related comp$27,746
Angela Allred
Vice President and Director - Investment Operations
$168,059
$141,412 No related comp$26,647
Alyssa Federico
Vice President and Director - Finance
$163,990
$143,365 No related comp$20,625

Benchmark Employee Compensation

Non-Employee Board Members

Al de Molina
Member
Barnes Hauptfuhrer
Member
Chantay Bouler
Member
Chris Poplin
Member
Fritz Nauck
Member
Gwin Barr
Member
Howard Levine
Member
Jesse Cureton
Member
Jewell D Hoover
Member
Jim Johnston
Member
Kendall Alley
Member
Kevin Roche
Member

Contractors

Global Prairie Marketing LLC
Website Development
$639,910
Mcguirewoods LLP
Legal Work
$212,959
Kelso Communications
Marketing (Project Lift)
$140,433
The Raben Group
Economic Opportunity Consulting
$135,749

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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