2025-05-15T09:12:40-05:00 2024-06-30 882730877 CHERRY BEKAERT ADVISORY LLC 1111 METROPOLITAN AVE STE 900 CHARLOTTE NC 28204 990 2023-07-01 820576292 GREATER CHARLOTTE CULTURAL TRUST GREA 7049734500 220 NORTH TRYON STREET CHARLOTTE NC 28202 DOUGLAS BENSON SECRETARY 7049734500 2025-05-14 1 1 MELANIE MCPEAK P01346034 7043771678 2023 2025-03-06 01:10:19Z DOUGLAS BENSON 220 NORTH TRYON STREET CHARLOTTE NC 28202 1560264 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 -94089 13265 1358238 1555232 0 0 19 32 0 5000 1358257 1560264 7536316 12107382 0 0 0 0 0 0 61523 878862 877645 8415178 12985027 -7056921 -11424763 213907642 228897365 30000 490615 213877642 228406750 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 12507939 12107382 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. 12507939 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 1 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 375935 46391 ADAM SANTALLA DIRECTOR 0.50 0.00 X 0 71849 1228 RICHARD NICHOLS CHAIR 0.50 0.00 X X 0 0 0 BAKER BURLESON DIRECTOR 0.50 0.00 X 0 0 0 TORREY FEIMSTER DIRECTOR 0.50 0.00 X 0 0 0 KELLY LINEBERGER 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 JOHN NURKIN DIRECTOR 0.50 0.00 X 0 0 0 DICK PAYNE DIRECTOR 0.50 0.00 X 0 0 0 EUGENE YOUNG DIRECTOR 0.50 0.00 X 0 0 0 0 447784 47619 0 0 1 0 FOUNDATION FOR THE CAROLINAS 220 NORTH TRYON STREET CHARLOTTE NC 28202 ADMINISTRATION FEES 966563 1 1555232 33617 1555232 -94089 94089 32 0 32 32 32 GRANT REFUND 900099 5000 5000 5000 1560264 0 -94089 99121 12107382 12107382 5455 2490 2583 382 582188 265711 275666 40811 281925 128670 133492 19763 143 65 68 10 7106 3243 3365 498 DEVELOPMENT 127 58 60 9 701 320 331 50 12985027 12507939 415565 61523 -493855 134273 214322739 228641645 78758 121447 213907642 228897365 30000 490615 30000 490615 X 10947 51482 213866695 228355268 213877642 228406750 213907642 228897365 -11424763 25953871 0 X 0 0 0 X X X 2 FOUNDATION FOR THE CAROLINAS 566047886 7 1 0 0 ARTS & SCIENCE COUNCIL 560693436 7 1 1092170 0 2 1092170 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 202455577 377392 24554493 9709489 542076 217135897 175097127 18409449 15253439 5839229 465209 202455577 202497572 2067935 -24469824 4663642 334914 175097127 159067031 3181579 46110916 5406093 455861 202497572 168319255 3153566 576093 12559376 422507 159067031 0.78120 0.21880 0.00000 0 0 0 DIVERSIFIED LONG-TERM GROWTH POOL 96944575 F ACTIVE LONG-TERM GROWTH POOL 44760520 F PASSIVE DIVERSIFIED GROWTH POOL 12439543 F LOW DURATION FIXED INCOME 6153933 F INCOME & GROWTH POOL 2524453 F BANK LONG-TERM GROWTH (BAC/WFC) POOL 65818621 F 228641645 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) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 INVESTMENTS 693103 0 0 0 0 0 0 693103 0 693103 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. 1 ARTS & SCIENCE COUNCIL 220 N TRYON STREET CHARLOTTE NC 28202 560693436 501(C)(3) 1092170 0 ARTS & CULTURE ARTS PO BOX 32757 CHARLOTTE NC 28232 591356847 501(C)(3) 52818 0 ARTS & CULTURE BECHTLER MUSEUM OF MODERN ART 420 SOUTH TRYON STREET CHARLOTTE NC 28202 562225722 501(C)(3) 1749197 0 ARTS & CULTURE CAROLINA RAPTOR CENTER INC 6000 SAMPLE ROAD HUNTERSVILLE NC 28078 561349170 501(C)(3) 6671 0 ARTS & CULTURE CHARLOTTE BALLET 701 N TRYON STREET CHARLOTTE NC 28202 581314711 501(C)(3) 157674 0 ARTS & CULTURE CHARLOTTE CHOIR SCHOOL 115 W SEVENTH STREET CHARLOTTE NC 282022127 562271723 501(C)(3) 15000 0 ARTS & CULTURE CHARLOTTE SYMPHONY ORCHESTRA SOCIETY INC 128 S TRYON STREET 350 CHARLOTTE NC 28202 566011568 501(C)(3) 1043401 0 ARTS & CULTURE CHILDREN'S THEATRE OF CHARLOTTE 300 EAST 7TH STREET CHARLOTTE NC 282022514 561028031 501(C)(3) 750000 0 ARTS & CULTURE DISCOVERY PLACE INC 301 NORTH TRYON STREET CHARLOTTE NC 282022138 560529944 501(C)(3) 1485885 0 ARTS & CULTURE HARVEY B GANTT CENTER FOR AFRICAN AMERICAN ARTS & CULTURE 551 SOUTH TRYON STREET CHARLOTTE NC 28202 561152286 501(C)(3) 244620 0 ARTS & CULTURE LEVINE MUSEUM OF THE NEW SOUTH PO BOX 30125 CHARLOTTE NC 28230 561748648 501(C)(3) 302460 0 ARTS & CULTURE MCCOLL CENTER FOR ART INNOVATION 721 N TRYON STREET CHARLOTTE NC 28202 510195015 501(C)(3) 327678 0 ARTS & CULTURE MINT MUSEUM 2730 RANDOLPH ROAD CHARLOTTE NC 28207 560670666 501(C)(3) 2981857 0 ARTS & CULTURE NORTH CAROLINA PERFORMING ARTS CENTER FOUNDATION 130 N TRYON STREET CHARLOTTE NC 28202 581791724 501(C)(3) 1506709 0 ARTS & CULTURE OPERA CAROLINA 1600 ELIZABETH AVENUE CHARLOTTE NC 28204 566019660 501(C)(3) 22450 0 ARTS & CULTURE WING HAVEN FOUNDATION INC 248 RIDGEWOOD AVENUE CHARLOTTE NC 28209 561014180 501(C)(3) 366041 0 ARTS & CULTURE 16 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 247558 0 127150 0 1227 0 34680 0 11711 0 422326 0 0 X 2 33617 FMV 0 0 0 0 PART I, COLUMN (B): THE NUMBER REPORTED IN COLUMN B OF SCHEDULE M FOR ALL DONATIONS REPRESENTS THE NUMBER OF CONTRIBUTIONS FOR EACH RESPECTIVE CATEGORY. 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 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 1092170 BOOK FOUNDATION FOR THE CAROLINAS M 281925 BOOK