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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 2022. Filed on November 15, 2023.

220 North Tryon St
Advancement
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 2022 IRS Form 990 filing, Foundation for the Carolinas, a 501(c)(3) charitable organization, reported compensation for 14 out of 123 total employees. Among the employees shown here, the average compensation is $363,304. The highest compensated employee at Foundation for the Carolinas is Michael Marsicano with fiscal year 2022 compensation of $898,324.

Revenue, expenses, and employee compensation

Revenue

$953,517,849

Expenses

$414,316,706

Employee compensation

$14,648,209
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Michael Marsicano
President and Chief Executive Officer
$898,324
$817,136 No related comp$81,188
Nikhil Sawant
Executive Vice President and Chief Information Officer
$556,153
$449,410 No related comp$106,743
Laura Smith
Executive Vice President
$538,539
$448,088 No related comp$90,451
David B Collier
Executive Vice President
$439,684
$353,868 No related comp$85,816
Debra S Watt
Executive Vice President and CHRO
$405,748
$325,722 No related comp$80,026
Blair Stanford
CELC Executive Director
$356,662
$282,583 No related comp$74,079
Douglas W Benson
Senior Vice President and General Counsel
$314,887
$270,939 No related comp$43,948
Alyssa Federico
Senior Vice President, Finance
$293,108
$258,695 No related comp$34,413
Munro C Richardson
READ Charlotte Executive Director
$253,583
$193,889 No related comp$59,694
Sherri S Chisholm
LOO Executive Director
$218,394
$184,175 No related comp$34,219
Tara Keener
Senior Vice President - Marketing and Communic
$209,541
$169,906 No related comp$39,635
Elizabeth Kiser
Senior Vice President - Philanthropic Advanc
$204,374
$179,386 No related comp$24,988

Benchmark Employee Compensation

Non-Employee Board Members

Arrington Mixon
Director
Betsy Fleming
Director
Chantay Bouler
Director
Chris Poplin
Director
Fred Whitfield
Director
Gene McLaurin
Director
Jada Grandy-Mock
Director
Jancy Patrick
Director
Jewell Hoover
Chair
Kelly Katterhagen
Director
Kieth Cockrell
Director
Lynn Good
Director

Contractors

Mercer Investments LLC
Investment Management
$1,875,912
Ajilon Professional Staffing LLC
Staffing
$719,318
Rj Leeper Construction LLC
Construction
$668,225
Sherpa LLC
Staffing
$643,116
Northeast Retirement Services LLC
Fiduciary
$499,715

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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