2022-05-16T12:50:39-05:00 2021-06-30 560574444 CHERRY BEKAERT LLP 1111 METROPOLITAN AVE STE 900 CHARLOTTE NC 28204 990 2020-07-01 820576292 GREATER CHARLOTTE CULTURAL TRUST GREA 7049734500 220 NORTH TRYON STREET CHARLOTTE NC 28202 DOUGLAS BENSON SECRETARY 7049734500 2022-05-10 1 DOUGLAS BENSON 999009999 AMANDA ADAMS P00748038 7043771678 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z DOUGLAS BENSON 220 NORTH TRYON STREET CHARLOTTE NC 28202 2795412 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 10 0 0 -2947 0 2357962 2795369 0 0 -226 43 0 0 2357736 2795412 13670052 7436214 0 0 0 0 0 0 51856 1009482 739747 14679534 8175961 -12321798 -5380549 173742321 215607180 750000 0 172992321 215607180 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 7773835 7436214 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. 7773835 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 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 10 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 STEVE BOLAND CHAIR 0.50 0.00 X X 0 0 0 SAM BOWLES VICE-CHAIR 0.50 0.00 X X 0 0 0 HOLLY WELCH STUBBING SECRETARY 0.50 50.00 X X 0 249724 94580 BAKER BURLESON 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 BOB LILIEN DIRECTOR 0.50 0.00 X 0 0 0 LUTHER LOCKWOOD DIRECTOR 0.50 0.00 X 0 0 0 RICHARD NICHOLS DIRECTOR 0.50 0.00 X 0 0 0 JACK PURCELL DIRECTOR 0.50 0.00 X 0 0 0 MICHELLE THORNHILL DIRECTOR 0.50 0.00 X 0 0 0 JEEP BRYANT DIRECTOR 0.50 50.00 X 0 152757 16992 0 402481 111572 0 0 1 0 FOUNDATION FOR THE CAROLINAS 220 NORTH TRYON STREET CHARLOTTE NC 28202 ADMINISTRATION FEES 433923 1 2795369 18794 2795369 9 -2947 2956 34 0 34 34 34 2795412 0 -2947 2990 7436214 7436214 4500 2054 2131 315 427824 195259 202575 29990 301234 137483 142634 21117 6189 2825 2930 434 8175961 7773835 350270 51856 -903245 -353324 4176768 2676768 167000 170398946 213044016 69852 72720 173742321 215607180 750000 750000 0 X 83468 123643 172908853 215483537 172992321 215607180 173742321 215607180 -5380549 47995408 0 X 0 1 X 0 0 X X X 2 FOUNDATION FOR THE CAROLINAS 566047886 7 1 0 0 ARTS & SCIENCE COUNCIL 560693436 7 1 1235609 0 2 1235609 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 159067031 3181579 46110916 5406093 455861 202497572 168319255 3153566 576093 12559376 422507 159067031 166352347 2491515 5835923 5937780 422750 168319255 158071843 329797 14061170 5801567 308896 166352347 149215814 14878976 5689019 333928 158071843 0.00000 1.00000 0.00000 0 0 0 DIVERSIFIED LONG-TERM GROWTH POOL 81005838 F ACTIVE LONG-TERM GROWTH POOL 48453382 F PASSIVE DIVERSIFIED GROWTH POOL 9267942 F LIQUID RESERVES 688708 F LOW DURATION FIXED INCOME 4089724 F INCOME & GROWTH POOL 3535351 F BANK LONG-TERM GROWTH (BAC/WFC) POOL 66003071 F 213044016 X 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. PART X, LINE 2: THE FOUNDATION FOR THE CAROLINAS ("THE FOUNDATION") AND ITS SUPPORTING FOUNDATIONS 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, 2020 OR 2019. EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS 495473 0 0 0 0 0 0 495473 0 495473 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 ARTS & CULTURE ARTS & SCIENCE COUNCIL 227 W TRADE STREET SUITE 250 CHARLOTTE NC 28202 560693436 501(C)(3) 1235609 ARTS & CULTURE ARTS 345 NORTH COLLEGE STREET 413 CHARLOTTE NC 28202 591356847 501(C)(3) 7075 ARTS & CULTURE CHARLOTTE BALLET 701 N TRYON STREET CHARLOTTE NC 28202 581314711 501(C)(3) 655325 ARTS & CULTURE CHARLOTTE SYMPHONY ORCHESTRA SOCIETY INC 128 S TRYON STREET 350 CHARLOTTE NC 28202 566011568 501(C)(3) 446548 ARTS & CULTURE CHILDREN'S THEATRE OF CHARLOTTE 300 EAST 7TH STREET CHARLOTTE NC 282022514 561028031 501(C)(3) 637533 ARTS & CULTURE CHOIR SCHOOL AT ST PETER'S 115 WEST SEVENTH STREET CHARLOTTE NC 28202 562271723 501(C)(3) 5306 ARTS & CULTURE DISCOVERY PLACE INC 301 N TRYON STREET CHARLOTTE NC 28202 560529944 501(C)(3) 1072371 ARTS & CULTURE HARVEY B GANTT CENTER FOR AFRICAN AMERICAN 551 SOUTH TRYON STREET CHARLOTTE NC 28202 561152286 501(C)(3) 252080 ARTS & CULTURE LEVINE MUSEUM OF THE NEW SOUTH 200 E SEVENTH STREET CHARLOTTE NC 28202 561748648 501(C)(3) 352562 ARTS & CULTURE MCCOLL CENTER FOR ART INNOVATION 721 NORTH TRYON STREET CHARLOTTE NC 28202 510195015 501(C)(3) 706000 ARTS & CULTURE MINT MUSEUM 2730 RANDOLPH ROAD CHARLOTTE NC 28207 560670666 501(C)(3) 616688 ARTS & CULTURE NEW YORK UNIVERSITY 726 BRAODWAY 9TH FLOOR NEW YORK NY 10003 135562308 501(C)(3) 10000 ARTS & CULTURE NORTH CAROLINA CENTRAL UNIVERSITY PO BOX 19713 DURHAM NC 27707 566000730 501(C)(3) 10000 ARTS & CULTURE NORTH CAROLINA PERFORMING ARTS CENTER FOUNDATION 130 NTRYON STREET CHARLOTTE NC 28202 581791724 501(C)(3) 1018469 ARTS & CULTURE OPERA CAROLINA 1600 ELIZABETH AVENUE CHARLOTTE NC 28204 566019660 501(C)(3) 22067 ARTS & CULTURE POINT PARK UNIVERSITY 201 WOOD STREET PITTSBURGH PA 15222 251094922 501(C)(3) 20000 ARTS & CULTURE UNC SCHOOL OF THE ARTS 1533 SOUTH MAIN STREET WINSTONSALEM NC 27127 566065273 501(C)(3) 10000 ARTS & CULTURE UNIVERSITY OF SOUTHERN CALIFORNIA 700 CHILDS WAY LOS ANGELES CA 900890914 951642394 501(C)(3) 10000 ARTS & CULTURE WESTERN CAROLINA UNIVERSITY FINANCIAL AID OFFICE CULLOWHEE NC 28723 566001440 501(C)(3) 10000 ARTS & CULTURE WING HAVEN FOUNDATION INC 248 RIDGEWOOD AVENUE CHARLOTTE NC 28209 561014180 501(C)(3) 224246 ARTS & CULTURE 25 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 HOLLY WELCH STUBBING SECRETARY 0 196271 0 50000 0 3453 0 39720 0 54860 0 344304 0 0 JEEP BRYANT DIRECTOR 0 152757 0 0 0 0 0 16992 0 0 0 169749 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 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 1235609 BOOK FOUNDATION FOR THE CAROLINAS M 301234 BOOK