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Organizations Philanthropy, Voluntarism & Grantmaking Foundation for the Carolinas

Foundation for the Carolinas

Fiscal year ending 2021. Filed on November 15, 2022.

220 North Tryon St
Office
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 2021 IRS Form 990 filing, Foundation for the Carolinas, a 501(c)(3) charitable organization, reported compensation for 16 out of 166 total employees. Among the employees shown here, the average compensation is $344,461. The highest compensated employee at Foundation for the Carolinas is Michael Marsicano with fiscal year 2021 compensation of $919,971.

Revenue, expenses, and employee compensation

Revenue

$770,296,528

Expenses

$584,919,704

Employee compensation

$17,044,606
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Michael Marsicano
President and Chief Executive Officer
$919,971
$765,136 No related comp$154,835
Laura Smith
Executive Vice President
$500,087
$413,043 No related comp$87,044
Nikhil Sawant
Executive Vice President and Chief Information Officer
$485,649
$391,644 No related comp$94,005
Holly K Welch
Executive Vice President
$484,878
$426,274 No related comp$58,604
David B Collier
Executive Vice President
$436,397
$354,299 No related comp$82,098
Debra S Watt
Executive Vice President and CHRO
$370,811
$298,490 No related comp$72,321
Blair Stanford
Executive Director - CLT EXEC Leadership Council
$261,744
$239,536 No related comp$22,208
Douglas W Benson
Senior Vice President and In-House Counsel
$258,583
$220,873 No related comp$37,710
Alyssa Federico
Senior Vice President, Finance
$240,654
$211,893 No related comp$28,761
Linda Terrell
Vice President and Director - Operations and IT
$234,685
$211,350 No related comp$23,335
Davida Rivens
National Sales Director and Vice President
$233,977
$222,535 No related comp$11,442
Catherine D Warfield
Senior Vice President - Philanthropic Advancement
$233,016
$217,079 No related comp$15,937

Benchmark Employee Compensation

Non-Employee Board Members

Al de Molina
Director
Arrington Mixon
Director
Barnes Hauptfuhrer
Director
Cathy Bessant
Director
Chantay Bouler
Director
Chris Poplin
Director
Fred Whitfield
Director
Jada Grandy-Mock
Director
Janice M Patrick
Director
Jesse Cureton
Director
Jewell D Hoover
Chair
Kelly Katterhagen
Director

Contractors

Kpmg LLP
Accounting
$1,609,568
Capital Access Strategies LLC
Financial
$371,000
James L Kiser
Legal
$268,410
Jill Van Beke
Consulting
$241,949
Optomi LLC
Professional
$197,019

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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