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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 2023. Filed on November 15, 2024.

220 North Tryon St
Nicole Bryan
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 2023 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 $387,032. The highest compensated employee at Foundation for the Carolinas is Michael Marsicano with fiscal year 2023 compensation of $958,170.

Revenue, expenses, and employee compensation

Revenue

$538,046,453

Expenses

$582,472,149

Employee compensation

$15,405,866
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Michael Marsicano
President and CEO (Thru 1/7/23)
$958,170
$951,490 No related comp$6,680
Laura Smith
President and CEO (From 1/7/23)
$848,042
$771,548 No related comp$76,494
Douglas W Benson
Senior Vice President and General Counsel
$422,326
$375,935 No related comp$46,391
Debra S Watt
Executive Vice President and CHRO
$403,756
$340,419 No related comp$63,337
Nikhil Sawant
Executive Vice President and Chief Information Officer
$402,303
$333,554 No related comp$68,749
Blair Stanford
CELC Executive Director
$399,099
$328,974 No related comp$70,125
Alyssa Federico
Senior Vice President, Finance
$384,568
$337,555 No related comp$47,013
Elizabeth Kiser
Senior Vice President, Philanthropic Advancement
$273,195
$215,547 No related comp$57,648
Munro C Richardson
READ Charlotte Executive Director
$269,128
$206,525 No related comp$62,603
Tara Keener
Senior Vice President, Marketing and Communications
$243,342
$205,733 No related comp$37,609
Sherri S Chisholm
LOO Executive Director
$229,664
$202,616 No related comp$27,048
Tracy O Russ
Special Advisor for Civic Initiatives
$205,216
$169,947 No related comp$35,269

Benchmark Employee Compensation

Non-Employee Board Members

Arrington Mixon
Chair
Betsy Fleming
Director
Edward Serna
Director
Fred Whitfield
Director
Gene McLaurin
Director
Jada Grandy-Mock
Director
Jancy Patrick
Director
Jeff Brown
Director
Kelly Katterhagen
Director
Kieth Cockrell
Director
Lynn Good
Director
Malcomb Coley
Director

Contractors

Give Interactive LLC
Software
$654,500
Rj Leeper Construction LLC
Construction
$643,338
Adams Outdoor Advertising
Advertising
$305,220
Mcguirwoods LLP
Legal
$256,766
Bighouse Marketing LLC
Marketing
$197,378

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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