2024-05-09T15:48:54-05:00 2023-06-30 882730877 CHERRY BEKAERT ADVISORY LLC 1111 METROPOLITAN AVE STE 900 CHARLOTTE NC 28204 990 2022-07-01 820576292 GREATER CHARLOTTE CULTURAL TRUST GREA 7049734500 220 NORTH TRYON STREET CHARLOTTE NC 28202 DOUGLAS BENSON SECRETARY 7049734500 2024-05-08 1 DOUGLAS BENSON 999009999 1 AMY DOSIK P00890743 7043771678 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DOUGLAS BENSON 220 NORTH TRYON STREET CHARLOTTE NC 28202 1358257 0 X N/A X 2002 NC THE GREATER CHARLOTTE CULTURAL TRUST MANAGES CHARITABLE PERMANENT FUNDS IN SUPPORT OF THE ARTS & SCIENCE COUNCIL CHARLOTTE/MECKLENBURG AND ITS CULTURAL PARTNERS. 11 9 0 9 -7330 1604 2859022 1358238 0 0 125 19 0 0 2859147 1358257 4814311 7536316 0 0 0 0 0 0 61608 875066 878862 5689377 8415178 -2830230 -7056921 187755408 213907642 0 30000 187755408 213877642 GROWING AND SUSTAINING A VIBRANT CULTURAL COMMUNITY IN CHARLOTTE-MECKLENBURG BY PROVIDING ENDOWMENT MANAGEMENT AND OVERSIGHT AND INVESTMENT EXPERTISE TO BUILD AND GROW PERMANENT FUNDS FOR THE AREA'S ARTS, SCIENCE, AND HISTORY ORGANIZATIONS. 0 0 7937429 7536316 HISTORIC, ARTS & SCIENCES: THE TRUST OVERSEES THE CULTURAL ENDOWMENT TO HELP SUSTAIN AND GROW THE PERMANENT FUNDS OF THE ARTS & SCIENCE COUNCIL OF CHARLOTTE/MECKLENBURG AND ITS CULTURAL PARTNERS THROUGH INVESTMENT MANAGEMENT. BY AGGREGATING THE ENDOWMENTS OF ALL CULTURAL ORGANIZATIONS WITH THE ASSETS OF FOUNDATION FOR THE CAROLINAS, THE TRUST PROVIDES COMPETITIVE FEES AND ACCESS TO INVESTMENT MANAGERS AND EXPERTISE. 7937429 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 X 11 9 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 0 0 0 0 0 NC X ALYSSA FEDERICO 7049734500 220 NORTH TRYON ST CHARLOTTE NC 28202 DOUG BENSON SECRETARY 0.50 50.00 X X 0 270939 43948 KRISTA TERRELL DIRECTOR 0.50 50.00 X 0 173646 14870 BAKER BURLESON CHAIR 0.50 0.00 X X 0 0 0 RICHARD NICHOLS VICE CHAIR 0.50 0.00 X X 0 0 0 SAM BOWLES DIRECTOR 0.50 0.00 X 0 0 0 TORREY FEIMSTER DIRECTOR 0.50 0.00 X 0 0 0 KELLY KATTERHAGEN DIRECTOR 0.50 0.00 X 0 0 0 JOY KENEFICK DIRECTOR 0.50 0.00 X 0 0 0 BRAD KUTROW DIRECTOR 0.50 0.00 X 0 0 0 JACK PURCELL DIRECTOR 0.50 0.00 X 0 0 0 EUGENE YOUNG DIRECTOR 0.50 0.00 X 0 0 0 0 444585 58818 0 0 1 0 FOUNDATION FOR THE CAROLINAS 220 NORTH TRYON STREET CHARLOTTE NC 28202 ADMINISTRATION FEES 888999 1 1358238 3130 1358238 -7330 7330 19 0 19 19 19 1358257 0 -7330 7349 7536316 7536316 4942 2256 2340 346 527312 240665 249682 36965 338248 154377 160160 23711 104 47 50 7 7263 3315 3439 509 993 453 470 70 8415178 7937429 416141 61608 -173603 -493855 1500000 186316966 214322739 112045 78758 187755408 213907642 30000 0 30000 X 9605 10947 187745803 213866695 187755408 213877642 187755408 213907642 X -7056921 16308026 16871129 X 0 0 0 X X X 2 FOUNDATION FOR THE CAROLINAS 566047886 7 1 0 0 ARTS & SCIENCE COUNCIL 560693436 7 1 144000 0 2 144000 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 PART IV SECTION A LINE 6 THE TRUST PROVIDES ENDOWMENT SERVICES TO VARIOUS CHARITABLE ORGANIZATIONS WHOSE FUNDS ARE MANAGED BY IT. ENDOWMENT SERVICES INCLUDE ADMINISTERING, INVESTING AND DISTRIBUTING FUNDS TO SUCH MEMBER ORGANIZATIONS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 175097127 18409449 15253439 5839229 465209 202455577 202497572 2067935 -24469824 4663642 334914 175097127 159067031 3181579 46110916 5406093 455861 202497572 168319255 3153566 576093 12559376 422507 159067031 166352347 2491515 5835923 5937780 422750 168319255 0.78078 0.21922 0.00000 0 0 0 DIVERSIFIED LONG-TERM GROWTH POOL 92747991 F ACTIVE LONG-TERM GROWTH POOL 42038366 F PASSIVE DIVERSIFIED GROWTH POOL 10626310 F LOW DURATION FIXED INCOME 6497788 F INCOME & GROWTH POOL 3336292 F BANK LONG-TERM GROWTH (BAC/WFC) POOL 59075992 F 214322739 PART V, LINE 4: SPENDABLE INCOME FROM ENDOWED FUNDS IS USED ANNUALLY TO PROVIDE SUPPORT TO CULTURAL ORGANIZATIONS. INCOME CAN BE DESIGNATED FOR SPECIFIC PROGRAMS OR PROJECTS, OR CAN BE USED AS GENERAL OPERATING SUPPORT. THE PERCENTAGE REPORTED FOR PERMANENT ENDOWMENTS INCLUDES AMOUNTS THAT MUST BE MAINTAINED IN PERPETUITY AS WELL AS ACCUMULATED EARNINGS ON SUCH AMOUNTS THAT HAVE NOT YET BEEN APPROPRIATED FOR EXPENDITURE. EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS 653398 0 0 0 0 0 0 653398 0 653398 1 0 1 1 1 0 PART I, LINE 3: THE AMOUNT REPORTED IN PART I FOR INVESTMENTS IS THE ENDING CAPITAL BALANCE PER THE SCHEDULE K-1 RECEIVED FOR THE INVESTMENT APPLICABLE TO THIS FISCAL YEAR. PART III ACCOUNTING METHOD: 1 APPALACHIAN STATE UNIVERSITY PO BOX 32125 BOONE NC 28608 561176030 501(C)(3) 10000 0 ARTS & CULTURE ARTS & SCIENCE COUNCIL 222 S CHURCH STREET 300 CHARLOTTE NC 28202 560693436 501(C)(3) 144000 0 ARTS & CULTURE ARTS PO BOX 32757 CHARLOTTE NC 28232 591356847 501(C)(3) 11759 0 ARTS & CULTURE BECHTLER MUSEUM OF MODERN ART 420 SOUTH TRYON STREET CHARLOTTE NC 28202 562225722 501(C)(3) 987206 0 ARTS & CULTURE CAROLINA RAPTOR CENTER INC PO BOX 16443 CHARLOTTE NC 28287 561349170 501(C)(3) 6670 0 ARTS & CULTURE CHARLOTTE BALLET 701 N TRYON STREET CHARLOTTE NC 28202 581314711 501(C)(3) 194569 0 ARTS & CULTURE CHARLOTTE CHOIR SCHOOL 115 WEST SEVENTH STREET CHARLOTTE NC 282022127 562271723 501(C)(3) 12195 0 ARTS & CULTURE CHARLOTTE SYMPHONY ORCHESTRA SOCIETY INC 128 S TRYON STREET 350 CHARLOTTE NC 28202 566011568 501(C)(3) 550073 0 ARTS & CULTURE CHILDREN'S THEATRE OF CHARLOTTE 300 EAST 7TH STREET CHARLOTTE NC 282022514 561028031 501(C)(3) 600000 0 ARTS & CULTURE DISCOVERY PLACE INC 301 N TRYON STREET CHARLOTTE NC 28202 560529944 501(C)(3) 1310068 0 ARTS & CULTURE HARVEY B GANTT CENTER FOR AFRICAN AMERICAN ARTS & CULTURE 551 SOUTH TRYON STREET CHARLOTTE NC 28202 561152286 501(C)(3) 298551 0 ARTS & CULTURE LEVINE MUSEUM OF THE NEW SOUTH PO BOX 30125 CHARLOTTE NC 28230 561748648 501(C)(3) 388878 0 ARTS & CULTURE MCCOLL CENTER FOR ART INNOVATION 721 NORTH TRYON STREET CHARLOTTE NC 28202 510195015 501(C)(3) 384672 0 ARTS & CULTURE MINT MUSEUM 2730 RANDOLPH ROAD CHARLOTTE NC 28207 560670666 501(C)(3) 1395649 0 ARTS & CULTURE NEW YORK UNIVERSITY 726 BROADWAY 9TH FLOOR NEW YORK NY 10003 135562308 501(C)(3) 10000 0 ARTS & CULTURE NORTH CAROLINA AGRICULTURAL & TECHNICAL STATE UNIVERSITY 1601 E MARKET STREET GREENSBORO NC 27411 566000007 501(C)(3) 10000 0 ARTS & CULTURE NORTH CAROLINA PERFORMING ARTS CENTER FOUNDATION 130 NTRYON STREET CHARLOTTE NC 28202 581791724 501(C)(3) 829067 0 ARTS & CULTURE OPERA CAROLINA 1600 ELIZABETH AVENUE CHARLOTTE NC 28204 566019660 501(C)(3) 21898 0 ARTS & CULTURE POINT PARK UNIVERSITY 201 WOOD STREET PITTSBURGH PA 15222 251094922 501(C)(3) 20000 0 ARTS & CULTURE SAVANNAH COLLEGE OF ART & DESIGN INC PO BOX 2791 SAVANNAH GA 31402 581357177 501(C)(3) 10000 0 ARTS & CULTURE UNC SCHOOL OF THE ARTS 1533 SOUTH MAIN STREET WINSTONSALEM NC 27127 566065273 501(C)(3) 10000 0 ARTS & CULTURE UNIVERSITY OF SOUTHERN CALIFORNIA 700 CHILDS WAY JHH 325 LOS ANGELES CA 900890914 951642394 501(C)(3) 20000 0 ARTS & CULTURE WING HAVEN FOUNDATION INC 248 RIDGEWOOD AVENUE CHARLOTTE NC 28209 561014180 501(C)(3) 308594 0 ARTS & CULTURE 23 0 PART I, LINE 2: THE TRUST ONLY MAKES GRANTS TO ITS SUPPORTING ORGANIZATION, ARTS & SCIENCE COUNCIL ("ASC") AND CULTURAL PARTNERS OF THE ASC. THE CLOSE RELATIONSHIP BETWEEN THE ORGANIZATIONS SERVES TO MONITOR THE USE OF FUNDS. 0 0 0 0 0 0 0 0 0 DOUG BENSON SECRETARY 0 227714 0 40000 0 3225 0 32400 0 11548 0 314887 0 0 KRISTA TERRELL DIRECTOR 0 168556 0 5000 0 90 0 12464 0 2406 0 188516 0 0 FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS IS MADE UP OF ELEVEN MEMBERS. ONE MEMBER IS AN FFTC APPOINTEE AND ONE MEMBER IS AN ASC APPOINTEE. THERE ARE NINE AT-LARGE POSITIONS, FOUR OF WHOM ARE NAMED BY ASC AND FFTC, AND MAY BE SELECTED FROM GCCT FUNDHOLDER NOMINATIONS. THE REMAINING FIVE MEMBERS ARE NAMED BY THE GCCT BOARD, AND MUST BE SELECTED FROM GCCT FUNDHOLDER NOMINATIONS. FORM 990, PART VI, SECTION B, LINE 11B AN ELECTRONIC COPY OF THE FINAL RETURN IS SENT TO EACH VOTING MEMBER PRIOR TO AN UPCOMING BOARD MEETING AND PRIOR TO FILING. THE RETURN IS AVAILABLE FOR DISCUSSION DURING THE BOARD MEETING IF ANY QUESTIONS FROM THE BOARD MEMBERS ARISE. FORM 990, PART VI, SECTION B, LINE 12C THE TRUST ANNUALLY DISTRIBUTES (AT THE FIRST MEETING OF EACH YEAR) ITS CONFLICT OF INTEREST POLICY. THE POLICY REQUIRES EACH BOARD MEMBER, WHETHER NEW OR RETURNING, TO SPECIFY POTENTIAL CONFLICTS OF INTEREST, SUCH AS VENDOR RELATIONSHIPS OR GRANT RECIPIENT RELATIONSHIPS. IN ADDITION, AT EACH BOARD MEETING, BOARD MEMBERS ARE ASKED TO DISCLOSE POTENTIAL CONFLICTS OF INTEREST. UPON DISCLOSURE OF A CONFLICT, A BOARD MEMBER MUST CONFORM TO THE TERMS OF THE POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE TRUST DOES NOT HAVE ANY EMPLOYEES AND THEREFORE DOES NOT HAVE A FORMAL POLICY FOR DETERMINING COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE TRUST'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST FORM 990, PART XI, LINE 9: TRANSFER OF ASSETS FROM DISSOLUTION OF FOUNDATION FOR THE MINT MUSEUM 16,871,129. FOUNDATION FOR THE CAROLINAS 220 N TRYON ST CHARLOTTE NC 28202 566047886 GRANTMAKING NC 501(C)(3) LINE 7 0 ARTS & SCIENCE COUNCIL OF CHARLOTTE-MECKLENBURG 227 WEST TRADE STREET CHARLOTTE CHARLOTTE NC 28202 560693436 CULTURAL COMMUNITY SUPPORT NC 501(C)(3) LINE 7 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 ARTS & SCIENCE COUNCIL B 144000 BOOK FOUNDATION FOR THE CAROLINAS M 338248 BOOK