2021-11-13T19:51:55-06:00 2020-12-31 560574444 CHERRY BEKAERT LLP 1111 METROPOLITAN AVE STE 900 CHARLOTTE NC 28204 990 2020-01-01 311501858 FOUNDATION FOR THE CHARLOTTE JEWISH COMMUNITY FOUN 7049734500 220 NORTH TRYON STREET CHARLOTTE NC 28202 MICHAEL MARSICANO VICE PRESIDENT 7049734500 2021-11-11 1 MICHAEL MARSICANO 999009999 AMANDA ADAMS P00748038 7043771678 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z MICHAEL MARSICANO 220 NORTH TRYON STREET CHARLOTTE NC 28202 15856553 0 X N/A X 1998 NC THE ADMINISTRATION AND MAINTENANCE OF EXISTING ENDOWMENTS TO SUPPORT THE FUTURE OF CHARLOTTE'S JEWISH COMMUNITY AND ASSISTANCE IN THE DEVELOPMENT OF NEW ENDOWMENT OPPORTUNITIES. 18 17 0 0 -2381 0 9003224 14436214 602285 601213 643091 819126 0 0 10248600 15856553 10713070 14026772 0 0 0 0 0 0 114325 1993080 1630900 12706150 15657672 -2457550 198881 159399995 177299338 4433612 4712697 154966383 172586641 TO ADVANCE PHILANTHROPY THROUGH EDUCATION AND TO RAISE PERMANENT CHARITABLE RESOURCES TO IMPROVE AND STRENGTHEN THE QUALITY OF JEWISH LIFE. 0 0 4214413 4003382 HEALTH CARE: DISBURSED GRANTS IN SUPPORT OF HEALTH CARE INSTITUTIONS AND INITIATIVES. 3929480 3732717 PHILANTHROPY & GRANTMAKING: DISBURSED GRANTS TO VARIOUS ORGANIZATIONS TO SUPPORT THEIR PHILANTHROPY. 2233882 2122023 RELIGION: DISBURSED GRANTS TO ORGANIZATIONS DEDICATED TO SUPPORTING THE JEWISH COMMUNITY AND FURTHERING THE QUALITY OF JEWISH LIFE IN THE CHARLOTTE REGION. 4393339 4168650 601213 4393339 4168650 601213 14771114 1 1 0 0 0 1 0 0 0 1 0 1 0 0 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 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 18 17 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 1 1 0 0 0 NC X ALYSSA FEDERICO 7049734500 220 NORTH TRYON STREET CHARLOTTE NC 28202 FRED DUMAS CHAIR 0.30 X X 0 0 0 MARK VITNER IMMEDIATE PAST CHAIR 0.30 X X 0 0 0 STEPHEN PHILIPSON VICE CHAIR 0.30 X X 0 0 0 DAVID CANTOR TREASURER 0.30 X X 0 0 0 EMILY ZIMMERN SECRETARY 0.30 X X 0 0 0 GLENDA BERNHARDT DIRECTOR 0.30 X 0 0 0 TOM BOCK DIRECTOR 0.30 X 0 0 0 KEN GOLDER DIRECTOR 0.30 X 0 0 0 MARK LERNER DIRECTOR 0.30 X 0 0 0 DAVID LEVIN DIRECTOR 0.30 X 0 0 0 HOLLY LEVINSON DIRECTOR 0.30 X 0 0 0 JON MASSACHI DIRECTOR 0.30 X 0 0 0 GALE OSBORNE DIRECTOR 0.30 X 0 0 0 CYNDEE PATTERSON DIRECTOR 0.30 X 0 0 0 MIKE SCHARF DIRECTOR 0.30 X 0 0 0 IRA SLOMKA DIRECTOR 0.30 X 0 0 0 HARRY SPARKS DIRECTOR 0.30 X 0 0 0 MICHAEL MARSICANO VICE PRESIDENT 0.30 50.00 X X 0 705349 159202 0 705349 159202 0 0 1 0 FOUNDATION FOR THE CAROLINAS 220 NORTH TRYON STREET CHARLOTTE NC 28202 ADMINISTRATIVE 286060 1 2614341 11821873 10530149 14436214 ADMINISTRATIVE FEES 900099 601213 601213 601213 312847 -2381 315228 506279 0 506279 506279 506279 15856553 601213 -2381 821507 14026772 14026772 5000 2282 2368 350 423141 193121 200357 29663 903438 412329 427778 63331 6462 2949 3060 453 368 168 174 26 20 9 10 1 1561 712 740 109 ADMINISTRATIVE SUPPORT 287053 131011 135920 20122 DEVELOPMENT 1401 640 663 98 DUES AND SUBSCRIPTIONS 403 184 191 28 2053 937 972 144 15657672 14771114 772233 114325 1157142 1719138 158162608 175494418 80245 85782 159399995 177299338 612 3715 4433000 4708982 4433612 4712697 X 119022542 132656105 35943841 39930536 154966383 172586641 159399995 177299338 198881 17421377 0 X 0 1 X 0 0 X X X 1 FOUNDATION FOR THE CAROLINAS 566047886 7 1 14026772 0 1 14026772 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 FOUNDATION FOR THE CHARLOTTE JEWISH COMMUNITY PROVIDES ENDOWMENT SERVICES TO VARIOUS INDIVIDUALS AND CHARITABLE ORGANIZATIONS, WHOSE FUNDS ARE MANAGED BY IT. ENDOWMENT SERVICES INCLUDE ADMINISTERING, INVESTING AND DISTRIBUTING FUNDS TO SUCH MEMBER ORGANIZATIONS AND OTHER ELIGIBLE 501(C)(3) CHARITABLE ORGANIZATIONS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 92 115 13582867 853347 13248090 778683 132037503 40549138 1 1 37619089 710020 4424078 808435 2415 319114 41623223 29930268 3844069 5451463 1310734 2415 293552 37619089 32755650 789772 -1638579 1693347 2415 289813 29930268 29181178 608115 4501840 1261311 2415 271757 21755650 28407662 285331 1867271 1120563 2415 256108 29181178 0.04067 0.95933 0 0 0 FFTC POOLED FUNDS 149120215 F MERRILL LYNCH 22771415 F COLONY FAMILY OFFICES 3602788 F 175494418 X PART V, LINE 4: SPENDABLE INCOME FROM ENDOWED FUNDS IS USED ANNUALLY TO PROVIDE SUPPORT TO MANY CHARITABLE 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 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, 2020 OR 2019. 1 AMERICAN JEWISH JOINT DISTRIBUTION COMMITTEE INC 220 E 42ND STREET 400 NEW YORK CITY NY 10017 131656634 501(C)(3) 18000 CHARITABLE GIFT ANIMAL LEAGUE OF GASTON COUNTY 425 W FRANKLIN BOULEVARD GASTONIA NC 28052 030417697 501(C)(3) 12000 CHARITABLE GIFT APPALACHIAN STATE UNIVERSITY FOUNDATION INC 134 ADMINISTRATION BUILDING BOONE NC 28608 237099379 501(C)(3) 500000 CHARITABLE GIFT ATRIUM HEALTH FOUNDATION PO BOX 32861 CHARLOTTE NC 28232 566060481 501(C)(3) 281400 CHARITABLE GIFT BLUE RIDGE CONSERVANCY PO BOX 568 BOONE NC 28607 582502695 501(C)(3) 7625 CHARITABLE GIFT CHABAD OF DURHAM INC 6514 GLEN FOREST DRIVE CHAPEL HILL NC 27517 820550909 501(C)(3) 6000 CHARITABLE GIFT CHANCE ACADEMY 1349 INDEPENDENCE COURT SE WASHINGTON WA 200032380 134361892 501(C)(3) 10000 CHARITABLE GIFT CHARLOTTE CENTER FOR URBAN MINISTRY INC PO BOX 31335 CHARLOTTE NC 28231 561837620 501(C)(3) 1000000 CHARITABLE GIFT CHARLOTTE COUNTRY DAY SCHOOL 1440 CARMEL ROAD CHARLOTTE NC 28226 560623935 501(C)(3) 84167 CHARITABLE GIFT CHARLOTTE JEWISH DAY SCHOOL INC 5007 PROVIDENCE ROAD 110-E CHARLOTTE NC 28226 562142023 501(C)(3) 66300 CHARITABLE GIFT CHARLOTTE SYMPHONY ORCHESTRA SOCIETY INC 128 S TRYON STREET 350 CHARLOTTE NC 28202 566011568 501(C)(3) 515000 CHARITABLE GIFT CHARLOTTE TORAH CENTER 7804 FAIRVIEW ROAD CHARLOTTE NC 28226 311743400 501(C)(3) 17000 CHARITABLE GIFT CHILDREN'S HOME SOCIETY OF NORTH CAROLINA INC PO BOX 14608 GREENSBORO NC 274154608 560529946 501(C)(3) 250000 CHARITABLE GIFT CRISIS ASSISTANCE MINISTRY 500-A SPRATT STREET CHARLOTTE NC 282062913 561416719 501(C)(3) 55000 CHARITABLE GIFT FIDELITY CHARITABLE GIFT FUND PO BOX 770001 CINCINNATI OH 452770053 110303001 501(C)(3) 105042 CHARITABLE GIFT FLETCHER SCHOOL INC 8500 SARDIS ROAD CHARLOTTE NC 28270 561340099 501(C)(3) 7000 CHARITABLE GIFT FOUNDATION OF SHALOM PARK INC 5007 PROVIDENCE ROAD 102 CHARLOTTE NC 28226 581477833 501(C)(3) 100000 CHARITABLE GIFT FRIENDS OF YEMIN ORDE INC 4340 EAST-WEST HIGHWAY 202 BETHESDA MD 20814 223090463 501(C)(3) 10000 CHARITABLE GIFT GREENSBORO JEWISH FEDERATION GUILFORD CORPORATE PARK 5509-C WEST FRIENDLY AVENUE GREENSBORO NC 27410 237107693 501(C)(3) 6800 CHARITABLE GIFT HOPEWAY FOUNDATION 1717 SHARON ROAD WEST CHARLOTTE NC 28210 464510365 501(C)(3) 30000 CHARITABLE GIFT HOPEWELL FUND 1201 CONNECTICUT AVENUE NW 300 WASHINGTON WA 20036 473681860 501(C)(3) 3500000 CHARITABLE GIFT HOSPICE AND PALLIATIVE CARE CHARLOTTE REGION PO BOX 470408 CHARLOTTE NC 28247 561219017 501(C)(3) 20000 CHARITABLE GIFT ISIDORE NEWMAN SCHOOL 1903 JEFFERSON AVENUE NEW ORLEANS LA 70115 720408935 501(C)(3) 35000 CHARITABLE GIFT JEWISH BOOK COUNCIL 520 8TH AVENUE NEW YORK NY 10018 133737760 501(C)(3) 20000 CHARITABLE GIFT JEWISH FAMILY SERVICES OF GREATER CHARLOTTE INC 5007 PROVIDENCE ROAD 105 CHARLOTTE NC 28226 201146861 501(C)(3) 130500 CHARITABLE GIFT JEWISH FEDERATION OF GREATER CHARLOTTE 5007 PROVIDENCE ROAD 101 CHARLOTTE NC 28226 561951745 501(C)(3) 1241996 CHARITABLE GIFT KENT-COOK INSTITUTE 400 N HARBOR PLACE SUITE C DAVIDSON NC 28036 811345600 501(C)(3) 10000 CHARITABLE GIFT LOAVES AND FISHES INC 648 GRIFFITH ROAD SUITE B CHARLOTTE NC 28217 561398498 501(C)(3) 30000 CHARITABLE GIFT LOOMIS INSTITUTE 4 BATCHELDER ROAD WINDSOR CT 060950609 060653119 501(C)(3) 20000 CHARITABLE GIFT MERKOS LINYONEI CHINUCH LUBAVITCH OF NORTH CAROLINA 6619 SARDIS ROAD CHARLOTTE NC 28270 581482114 501(C)(3) 175000 CHARITABLE GIFT NORTH CAROLINA PERFORMING ARTS CENTER FOUNDATION 130 NTRYON STREET CHARLOTTE NC 28202 581791724 501(C)(3) 34754 CHARITABLE GIFT OPERA CAROLINA 1600 ELIZABETH AVENUE CHARLOTTE NC 28204 566019660 501(C)(3) 36000 CHARITABLE GIFT PRESBYTERIAN HOSPITAL FOUNDATION DBA NOVANT HEALTH FOUNDATION PO BOX 33549 CHARLOTTE NC 282333549 581413074 501(C)(3) 7902 CHARITABLE GIFT PROVIDENCE DAY SCHOOL 5800 SARDIS ROAD CHARLOTTE NC 28270 560952382 501(C)(3) 110000 CHARITABLE GIFT QUEENS UNIVERSITY OF CHARLOTTE 1900 SELWYN AVENUE CHARLOTTE NC 28274 560530003 501(C)(3) 816500 CHARITABLE GIFT R BRUCE IRONS CAMP FUND 725 PROVIDENCE ROAD 326 CHARLOTTE NC 28207 550825218 501(C)(3) 10000 CHARITABLE GIFT RAMAH DAROM 6400 POWERS FERRY RD NW 215 ATLANTA GA 30339 582146741 501(C)(3) 17500 CHARITABLE GIFT ROOF ABOVE INC PO BOX 31335 CHARLOTTE NC 28231 561837620 501(C)(3) 10000 CHARITABLE GIFT SANDRA AND LEON LEVINE JEWISH COMMUNITY CENTER 5007 PROVIDENCE ROAD 114 CHARLOTTE NC 28226 561100696 501(C)(3) 437183 CHARITABLE GIFT SECOND HARVEST FOOD BANK OF METROLINA INC 500-B SPRATT STREET CHARLOTTE NC 18750 561352593 501(C)(3) 18750 CHARITABLE GIFT TEACH FOR AMERICA 5855 EXECUTIVE CENTER DR 200 CHARLOTTE NC 28212 133541913 501(C)(3) 10000 CHARITABLE GIFT TEEN HEALTH CONNECTION INC 3541 RANDOLPH ROAD 206 CHARLOTTE NC 28235 561719715 501(C)(3) 10000 CHARITABLE GIFT TEMPLE BETH EL 5101 PROVIDENCE ROAD CHARLOTTE NC 28226 560840614 501(C)(3) 132112 CHARITABLE GIFT TEMPLE ISRAEL 4901 PROVIDENCE ROAD CHARLOTTE NC 28226 560588476 501(C)(3) 266364 CHARITABLE GIFT THOMPSON CHILD & FAMILY FOCUS 6800 ST PETERS LANE MATTHEWS NC 281050845 560547460 501(C)(3) 20000 CHARITABLE GIFT UNC - CHAPEL HILL PO BOX 309 OFFICE OF DEVELOPMENT CHAPEL HILL NC 27514 566001393 501(C)(3) 1525000 CHARITABLE GIFT UNITED WAY OF CENTRAL CAROLINAS PO BOX 890685 CHARLOTTE NC 282890685 560529948 501(C)(3) 70867 CHARITABLE GIFT UNIVERSITY OF CHICAGO 5235 S HARPER COURT 7TH FLOOR CHICAGO IL 60615 362177139 501(C)(3) 205000 CHARITABLE GIFT WASHINGTON & LEE UNIVERSITY 204 W WASHINGTON STREET LEXINGTON VA 244509974 540505977 501(C)(3) 10000 CHARITABLE GIFT YMCA OF GREATER CHARLOTTE 400 E MOREHEAD STREET 300 CHARLOTTE NC 28202 561045299 501(C)(3) 400000 CHARITABLE GIFT 50 0 PART I, LINE 2: FOUNDATION FOR THE CHARLOTTE JEWISH COMMUNITY ONLY DISTRIBUTES GRANTS TO APPROVED 501(C)(3) CHARITABLE ORGANIZATIONS. APPROVED ORGANIZATIONS ARE REVIEWED REGULARLY TO ENSURE CHARITABLE STATUS IN STILL IN EFFECT. 0 1 0 0 0 0 0 0 0 MICHAEL MARSICANO VICE PRESIDENT 0 482612 0 200000 0 22737 0 122870 0 36332 0 864551 0 0 PART I, LINE 4B FOUNDATION FOR THE CAROLINAS MAINTAINS A 457(B) PLAN FOR TOP EXECUTIVES. THE CONTRIBUTION TO THE PLAN FOR MICHAEL MARSICANO WAS $19,500. FOUNDATION FOR THE CAROLINAS MAINTAINS A 457(F) PLAN FOR TOP EXECUTIVES. THE CONTRIBUTIONS TO THE PLAN FOR MICHAEL MARSICANO FOR THE YEAR WERE $63,450. X 64 10530149 FMV ON DATE OF GIFT 0 0 0 0 FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF TRUSTEES IS COMPRISED OF NINETEEN MEMBERS. ONE TRUSTEE IS APPOINTED BY THE CHIEF EXECUTIVE OFFICE OF FOUNDATION FOR THE CAROLINAS. NINE MEMBERS ARE NOMINATED BY 9 REPRESENTATIVE INSTITUTIONS OUTLINED IN THE BYLAWS FOR FOUNDATION FOR THE CHARLOTTE JEWISH COMMUNITY. THE NOMINEES FROM THE REPRESENTATIVE ORGANIZATIONS ARE REVIEWED AND APPROVED BY THE CHIEF EXECUTIVE OFFICER OF FOUNDATION FOR THE CAROLINAS. THE REMAINING NINE REPRESENTATIVES ARE ELECTIVE POSITIONS, SELECTED BY A NOMINATING COMMITTEE TO REPRESENT THE JEWISH COMMUNITY OF GREATER CHARLOTTE, REGARDLESS OF THEIR AFFILIATION WITH A RESPECTIVE REPRESENTATIVE INSTITUTION. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FINAL FORM 990, ABSENT SCHEDULE B, IS SENT ELECTRONICALLY TO EACH VOTING BOARD MEMBER PRIOR TO FILING. THE RETURN IS OPEN FOR DISCUSSION AT THE NEXT BOARD MEETING CLOSEST TO THE FILING DATE. SCHEDULE B IS REDACTED TO PRESERVE THE CONFIDENTIALITY TO THE FOUNDATION'S DONORS. FORM 990, PART VI, SECTION B, LINE 12C FORM 990, PART VI, SECTION B, LINE 12: BOARD MEMBERS ANNUALLY COMPLETE A CONFLICT OF INTEREST FORM IN COMPLIANCE WITH FOUNDATION FOR THE CAROLINAS (SUPPORTED ORGANIZATION) ETHICS POLICY. FFTC STAFF COLLECTS AND MAINTAINS THE FORMS ANNUALLY, AND MONITORS THE PROCESS. FORM 990, PART VI, SECTION C, LINE 19 FOUNDATION FOR THE CHARLOTTE JEWISH COMMUNITY'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FOUNDATION FOR THE CAROLINAS 220 NORTH TRYON STREET CHARLOTTE NC 28202 566047886 GRANTMAKING NC 501(C)(3) LINE 7 N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 FOUNDATION FOR THE CAROLINAS C 2614341 BOOK FOUNDATION FOR THE CAROLINAS M 286060 CASH PAID