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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 2018. Filed on November 15, 2019.

220 North Tryon St
13
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 2018 IRS Form 990 filing, Foundation for the Carolinas, a 501(c)(3) charitable organization, reported compensation for 10 out of 118 total employees. Among the employees shown here, the average compensation is $299,666. The highest compensated employee at Foundation for the Carolinas is Michael Marsicano with fiscal year 2018 compensation of $843,589.

Revenue, expenses, and employee compensation

Revenue

$449,681,155

Expenses

$325,310,194

Employee compensation

$11,557,612
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Michael Marsicano
President and Chief Executive Officer
$843,589
$719,702 No related comp$123,887
Laura Smith
Executive Vice President
$338,472
$274,274 No related comp$64,198
David B Collier
Executive Vice President
$326,880
$258,253 No related comp$68,627
Holly Welch Stubbing
Executive Vice President
$306,529
$253,802 No related comp$52,727
Debra S Watt
Chief Human Resources Officer
$244,237
$191,761 No related comp$52,476
Munro C Richardson
Executive Director
$211,158
$170,701 No related comp$40,457
Douglas W Benson
Vice President and Deputy Counsel
$198,076
$168,358 No related comp$29,718
Julie T Caldwell
Development Director
$196,024
$171,363 No related comp$24,661
Alyssa Federico
Vice President and Director - Finance
$170,034
$149,694 No related comp$20,340
Davida Rivens
Vice President Customer Experience - E4E Relief
$161,660
$142,898 No related comp$18,762

Benchmark Employee Compensation

Non-Employee Board Members

Al de Molina
Member
Barnes Hauptfuhrer
Member
Chantay Bouler
Member
Chris Poplin
Member
Eugene Woods
Member
Fritz Nauck
Member
Gwin Barr
Member
Howard Levine
Member
Janice M Patrick
Member
Jesse Cureton
Member
Jewell D Hoover
Member
Kendall Alley
Member

Contractors

Spiracle Media LLC
Marketing
$225,900
Wheelhouse Media LLC
Marketing
$217,750
Mcguirewoods LLP
Legal Work
$166,225
Cherry Bekaert LLP
Accounting
$144,805
Kelso Communications
Marketing (Project Lift)
$126,360

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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