2025-11-17T17:45:24-06:00 2024-12-31 882730877 CHERRY BEKAERT ADVISORY LLC 1111 METROPOLITAN AVE STE 900 CHARLOTTE NC 28204 990 2024-01-01 456930128 COMMUNITY INVESTMENTS FOUNDATION COMM 7049734500 220 N TRYON STREET CHARLOTTE NC 28202 ALYSSA FEDERICO CFO 7049734500 2025-11-17 1 1 MELANIE MCPEAK P01346034 7043771678 2024 2025-03-06 01:10:19Z ALYSSA FEDERICO 220 N TRYON STREET CHARLOTTE NC 28202 16952908 0 X NONE X 2012 FL COMMUNITY INVESTMENTS FOUNDATION (CIF) RECEIVES AND MANAGES GIFTS OF BUSINESS INTERESTS OR OTHER UNIQUE ASSETS, UNTIL THEY CAN BE LIQUIDATED, WITH THE PROCEEDS USED IN SUPPORT OF VARIOUS CHARITABLE ORGANIZATIONS. 4 4 0 4 468161 245700 17819194 13583805 0 0 674760 2783570 470163 144816 18964117 16512191 24039550 23842981 0 0 0 0 0 0 55474 1508432 1418740 25547982 25261721 -6583865 -8749530 77458068 68814677 140084 271608 77317984 68543069 COMMUNITY INVESTMENTS FOUNDATION (CIF) RECEIVES AND MANAGES GIFTS OF BUSINESS INTERESTS OR OTHER UNIQUE ASSETS, UNTIL THEY CAN BE LIQUIDATED, WITH THE PROCEEDS USED IN SUPPORT OF VARIOUS CHARITABLE ORGANIZATIONS. 0 0 24477015 23842981 16263 COMMUNITY ENGAGEMENT: EXPENSES RELATED TO FACILITY AND GRANTS TO SUPPORT COMMUNITY SPACE AVAILABLE FOR COLLABORATION AND PLANNING. SPACE IS AVAILABLE TO ALL LOCAL NON-PROFIT ORGANIZATIONS DURING BUSINESS HOURS FOR MEETINGS OF THE NON-PROFITS AND THEIR CONSTITUENCIES. 24477015 1 1 0 0 0 0 0 0 0 0 1 1 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 X 4 4 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 1 1 0 0 0 CA IN SC WI NC GA MD MN X ALYSSA FEDERICO 7049734500 220 N TRYON STREET CHARLOTTE NC 28202 TODD W MANSFIELD CHAIR 0.30 0.00 X X 0 0 0 KIETH COCKRELL DIRECTOR 0.30 0.00 X 0 0 0 CHRIS POPLIN DIRECTOR 0.30 0.00 X 0 0 0 MARIAN STEELE CLARK DIRECTOR 0.30 0.00 X 0 0 0 MICHAEL MARSICANO PRESIDENT & CEO 5.00 50.00 X 0 0 0 LAURA SMITH EXECUTIVE VP 5.00 50.00 X 0 436231 3812 NIKHIL SAWANT EXECUTIVE VP & CIO 5.00 50.00 X 0 245614 25161 DOUGLAS W BENSON SENIOR VP & GENERAL COUNSE 5.00 50.00 X 0 258355 46961 ALYSSA FEDERICO CHIEF FINANCIAL OFFICER 5.00 50.00 X 0 228615 45920 ELIZABETH KISER SENIOR VP, PHILANTHROPIC A 5.00 50.00 X 0 202221 57713 EVAN WOLKOFSKY ASSISTANT DEPUTY COUNSEL 5.00 50.00 X 0 213325 57250 ROBIN BAREFOOT ASSOCIATE COUNSEL 5.00 50.00 X 0 139084 41587 0 1723445 278404 0 0 1 0 FOUNDATION FOR THE CAROLINAS 220 NORTH TRYON STREET CHARLOTTE NC 28202 ADMINISTRATIVE FEES 437956 1 2121039 11462766 10567766 13583805 1265442 339608 925834 401742 404837 -3095 -3095 16263 -19358 1518128 0 1518128 1518128 1518128 183791 35880 147911 147911 16512191 16263 468161 2443962 23842981 23842981 15461 6909 7947 605 899986 402204 462593 35189 41164 18396 21158 1610 401 179 206 16 287664 128557 147859 11248 UBI TAX EXPENSE 154046 68843 79180 6023 EQUIPMENT EXPENSE 11549 5161 5936 452 DUES & SUBSCRIPTIONS 6759 3021 3474 264 1710 764 879 67 25261721 24477015 729232 55474 1812937 2615074 20000 0 349657 387420 1291152 1041701 20440 21710 19511495 4975998 14902321 14535497 17843400 10514536 41218161 39698739 77458068 68814677 140084 267001 0 4607 140084 271608 X 15673066 17031567 61644918 51511502 77317984 68543069 77458068 68814677 -8749530 -25386 0 X 0 1 X 0 0 X X X 1 FOUNDATION FOR THE CAROLINAS 566047886 7 1 17997255 0 1 17997255 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 PART IV, SECTION A, QUESTION 6: THE FOUNDATION PROVIDED GRANTS THIS YEAR TO OTHER PUBLIC CHARITIES IN FURTHERANCE OF ITS MISSION TO SUPPORT THE FOUNDATION FOR THE CAROLINAS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 3232800 3232800 16181152 4900965 11280187 97543 75033 22510 14535497 10514536 C 10514536 PARTNERSHIP INTERESTS 39698739 39698739 X PART X, LINE 2: THE FOUNDATION AND ITS SUPPORTING ORGANIZATIONS ARE EXEMPT FROM FEDERAL INCOME TAX UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE IRC. IN ACCORDANCE WITH IRC REGULATIONS, THE FOUNDATION IS TAXED ON UNRELATED BUSINESS INCOME, WHICH CONSISTS OF EARNINGS FROM ACTIVITIES NOT RELATED TO THE EXEMPT PURPOSE OF THE FOUNDATION. THE FOUNDATION ACCOUNTS FOR TAX UNCERTAINTIES BASED ON A MORE LIKELY THAN NOT RECOGNITION THRESHOLD WHEREBY TAX BENEFITS ARE ONLY RECOGNIZED WHEN THE FOUNDATION BELIEVES THAT THEY HAVE A GREATER THAN 50% LIKELIHOOD OF BEING SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THE FOUNDATION HAS EVALUATED ALL ITS TAX POSITIONS AND DETERMINED THAT IT HAD NO UNCERTAIN INCOME TAX POSITIONS AS OF DECEMBER 31, 2024 OR 2023. 1 BRADHAMS LEGACY 316 S FRONT STREET NEW BERN NC 285602134 862461621 501(C)(3) 51813 0 CHARITABLE GIFT FOUNDATION FOR THE CAROLINAS 220 NORTH TRYON STREET CHARLOTTE NC 28202 566047886 501(C)(3) 17997255 0 GRANTMAKING FOUNDATION FOR THE CHARLOTTE JEWISH COMMUNITY 220 NORTH TRYON STREET CHARLOTTE NC 28202 311501858 501(C)(3) 5722008 0 GRANTMAKING TRYON PALACE FOUNDATION INC PO BOX 1007 NEW BERN NC 286531007 561795949 501(C)(3) 40000 0 CHARITABLE GIFT VANGUARD CHARITABLE ENDOWMENT PROGRAM PO BOX 9509 WARWICK RI 028899509 232888152 501(C)(3) 31905 0 CHARITABLE GIFT 5 PART I, LINE 2: THE FOUNDATION TYPICALLY ONLY MAKES GRANTS TO ITS SUPPORTED ORGANIZATION. THE CLOSE RELATIONSHIP BETWEEN THE ORGANIZATIONS SERVES TO MONITOR THE USE OF THE GRANT FUNDS. 0 0 0 0 0 0 0 0 0 LAURA SMITH EXECUTIVE VP 0 436117 0 0 0 114 0 3669 0 143 0 440043 0 0 DOUGLAS W BENSON SENIOR VP & GENERAL COUNSE 0 257320 0 0 0 1035 0 41400 0 5561 0 305316 0 0 ALYSSA FEDERICO CHIEF FINANCIAL OFFICER 0 227580 0 0 0 1035 0 41004 0 4916 0 274535 0 0 NIKHIL SAWANT EXECUTIVE VP & CIO 0 244929 0 0 0 685 0 12239 0 12922 0 270775 0 0 EVAN WOLKOFSKY ASSISTANT DEPUTY COUNSEL 0 212290 0 0 0 1035 0 39380 0 17870 0 270575 0 0 ELIZABETH KISER SENIOR VP, PHILANTHROPIC A 0 201186 0 0 0 1035 0 37296 0 20417 0 259934 0 0 ROBIN BAREFOOT ASSOCIATE COUNSEL 0 135410 0 0 0 3674 0 24696 0 16891 0 180671 0 0 PART I, LINE 3 FOUNDATION FOR THE CAROLINAS (SUPPORTED ORGANIZATION) UTILIZES A COMPENSATION COMMITTEE TO REVIEW EXECUTIVE COMPENSATION ON AN ANNUAL BASIS. AN INDEPENDENT CONSULTANT REVIEWS ALL EMPLOYEE POSITIONS, USING COMPENSATION SURVEYS AND OTHER RELEVANT DATA TO PROVIDE RECOMMENDED SALARY RANGES FOR EACH POSITION, INCLUDING EXECUTIVE POSITIONS. DATA PROVIDED BY THE INDEPENDENT CONSULTANT IS REVIEWED BY THE COMPENSATION COMMITTEE AS PART OF THE APPROVAL PROCESS. X 1 1867766 FMV X 4 8700000 FMV 0 0 1 0 PART I, COLUMN (B): THE NUMBER REPORTED IN COLUMN B REPRESENTS THE NUMBER OF NONCASH CONTRIBUTIONS RECEIVED DURING THE TAX YEAR. FORM 990, PART VI, SECTION A, LINE 7A UNDER THE FOUNDATION'S TRUST AGREEMENT, THE TRUSTEE (CURRENTLY COMMUNITY REAL PROPERTY HOLDINGS) APPOINTS OFFICERS OF THE FOUNDATION. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FINAL FORM 990, WITHOUT SCHEDULE B ATTACHED, IS DISTRIBUTED TO EACH VOTING MEMBER OF THE BOARD PRIOR TO FILING. THE RETURN IS DISCUSSED AT THE NEXT BOARD MEETING CLOSEST TO THE FILING DATE. THE BOARD BELIEVES THE REDACTION OF SCHEDULE B PRIOR TO REVIEW IS APPROPRIATE, IN ORDER TO PROTECT THE CONFIDENTIALITY OF THE FOUNDATION'S DONORS. FORM 990, PART VI, SECTION B, LINE 12C A CONFLICT OF INTEREST POLICY, IN COMPLIANCE WITH NATIONAL STANDARDS FOR COMMUNITY FOUNDATIONS AND UNDER FOUNDATION FOR THE CAROLINAS (SUPPORTED ORGANIZATION) ETHICS POLICY, IS DISTRIBUTED ANNUALLY TO ALL BOARD MEMBERS. 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 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 CIF DOES NOT HAVE ANY EMPLOYEES AND THEREFORE DOES NOT HAVE A FORMAL POLICY FOR DETERMINING COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 CIF MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. CIF HOLDINGS LLC 220 NORTH TRYON STREET CHARLOTTE NC 28202 455600232 ASSET MGMT NC 0 0 COMMUNITY INVESTMENTS FOUNDATION 220 NORTH TRYON LLC 220 NORTH TRYON STREET CHARLOTTE NC 28202 455391918 ASSET MGMT NC 2131669 16546898 COMMUNITY INVESTMENTS FOUNDATION FOUNDATION FOR THE CAROLINAS 220 NORTH TRYON STREET CHARLOTTE NC 28202 566047886 GRANTMAKING NC 501(C)(3) LINE 7 N/A 0 FOUNDATION FOR THE CHARLOTTE JEWISH COMMUNITY 220 NORTH TRYON STREET CHARLOTTE NC 28202 311501858 GRANTMAKING NC 501(C)(3) LINE 12A, I FOUNDATION FOR THE CAROLINAS 0 THE JA TURNER FAMILY FOUNDATION 220 NORTH TRYON STREET CHARLOTTE NC 28202 562162208 GRANTMAKING NC 501(C)(3) LINE 12A, I FOUNDATION FOR THE CAROLINAS 0 COMMUNITY REAL PROPERTY HOLDINGS INC 220 NORTH TRYON STREET CHARLOTTE NC 28202 455258321 GRANTMAKING NC 501(C)(3) LINE 12A, I FOUNDATION FOR THE CAROLINAS 0 SEYMOUR FOUNDATION 220 NORTH TRYON STREET CHARLOTTE NC 28202 813099131 GRANTMAKING NC 501(C)(3) LINE 12A, I FOUNDATION FOR THE CAROLINAS 0 E4E RELIEF LLC 220 NORTH TRYON STREET CHARLOTTE NC 28202 873137387 GRANTMAKING NC 501(C)(3) LINE 7 FOUNDATION FOR THE CAROLINAS 0 GREATER CHARLOTTE FOUNDATION 220 NORTH TRYON STREET CHARLOTTE NC 28202 561530358 GRANTMAKING NC 501(C)(3) LINE 12A, I FOUNDATION FOR THE CAROLINAS 0 FFTC PARTNERS FOR EMPOWERING COMMUNITIES 220 NORTH TRYON STREET CHARLOTTE NC 28202 922022464 GRANTMAKING NC 501(C)(3) LINE 12A, I FOUNDATION FOR THE CAROLINAS 0 0 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0