2026-05-15T07:00:54-05:00 2025-06-30 882730877 CHERRY BEKAERT ADVISORY LLC 1111 METROPOLITAN AVE STE 900 CHARLOTTE NC 28204 990 2024-07-01 820576292 GREATER CHARLOTTE CULTURAL TRUST GREA 7049734500 220 NORTH TRYON STREET CHARLOTTE NC 28202 DOUGLAS BENSON SECRETARY 7049734500 2026-05-11 1 0 MELANIE MCPEAK P01346034 7043771678 2024 2025-03-06 01:10:19Z X DOUGLAS BENSON 220 NORTH TRYON STREET CHARLOTTE NC 28202 4272925 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. X 11 9 0 9 -34072 57028 1555232 4272925 0 0 32 -109 5000 0 1560264 4272816 12107382 9180612 0 0 0 0 0 0 77615 877645 1107198 12985027 10287810 -11424763 -6014994 228897365 0 490615 0 228406750 0 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 9685937 9180612 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. 9685937 1 1 0 0 0 0 0 0 0 1 0 0 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 1 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 1 0 0 1 0 1 1 0 0 1 1 1 1 0 0 0 0 0 NC X ELIZABETH STERLING 7049734500 220 NORTH TRYON ST CHARLOTTE NC 28202 DOUG BENSON SECRETARY 0.50 50.00 X X 0 258355 46961 ADAM SANTALLA DIRECTOR 0.50 0.00 X 0 71849 18285 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 330204 65246 0 0 1 0 FOUNDATION FOR THE CAROLINAS 220 NORTH TRYON STREET CHARLOTTE NC 28202 ADMINISTRATION FEES 991128 1 4272925 9402 4272925 -34072 34072 109 -109 -109 -109 4272816 0 -34072 33963 9180612 9180612 9100 4153 4309 638 629791 287437 298206 44148 463665 211617 219545 32503 1924 878 911 135 2718 1240 1287 191 10287810 9685937 524258 77615 134273 0 0 0 0 0 0 0 0 0 0 0 228641645 0 0 0 121447 0 228897365 0 490615 0 490615 0 X 51482 0 228355268 0 228406750 0 228897365 0 X -6014994 28118858 -250510614 X 0 0 0 X X X 2 FOUNDATION FOR THE CAROLINAS 566047886 7 1 0 0 ARTS & SCIENCE COUNCIL 560693436 7 1 0 0 2 0 0 1 0 0 0 1 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. PART IV SECTION A LINE 5A (I) ARTS AND SCIENCE COUNCIL (EIN 56-0693436) WAS REMOVED AS A SUPPORTED ORGANIZATION OF GREATER CHARLOTTE CULTURAL TRUST EFFECTIVE SEPTEMBER 2024. (II) ASC WAS REMOVED AS A SUPPORTED ORGANIZATION DUE TO THE WINDING DOWN OF ITS OPERATIONS AND THE ESTABLISHMENT OF ARTS, SCIENCES & CULTURAL COUNCIL AS ITS SUCCESSOR ORGANIZATION. (III) PURSUANT TO THE AUTHORITY SET FORTH IN THE ORGANIZATION'S BYLAWS, WHICH EMPOWER THE BOARD OF DIRECTORS TO DESIGNATE AND REMOVE SUPPORTED ORGANIZATIONS, THE BOARD APPROVED THE REMOVAL OF ASC. SUCH ACTION IS CONSISTENT WITH THE ORGANIZATION'S GOVERNANCE STRUCTURE AS A TYPE I SUPPORTING ORGANIZATION.. (IV) THE ACTION WAS ACCOMPLISHED THROUGH THE ADOPTION OF AMENDED AND RESTATED ARTICLES OF INCORPORATION AND BYLAWS TO REMOVE ASC AS A SUPPORTED ORGANIZATION. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 217135897 -235288585 26353582 7693148 507746 202455577 377392 24554493 9709489 542076 217135897 175097127 18409449 15253439 5839229 465209 202455577 202497572 2067935 -24469824 4663642 334914 175097127 159067031 3181579 46110916 5406093 455861 202497572 0.00000 0.00000 0.00000 0 0 0 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 469394 0 0 0 0 0 0 469394 0 469394 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 345 NORTH COLLEGE STREET 413 CHARLOTTE NC 28202 591356847 501(C)(3) 43015 0 ARTS & CULTURE BECHTLER MUSEUM OF MODERN ART 420 SOUTH TRYON STREET CHARLOTTE NC 28202 562225722 501(C)(3) 838283 0 ARTS & CULTURE CAROLINA RAPTOR CENTER INC 6000 SAMPLE ROAD HUNTERSVILLE NC 28078 561349170 501(C)(3) 160400 0 ARTS & CULTURE CHARLOTTE BALLET 701 NORTH TRYON STREET CHARLOTTE NC 28202 581314711 501(C)(3) 229214 0 ARTS & CULTURE CHARLOTTE CHOIR SCHOOL 115 W SEVENTH STREET CHARLOTTE NC 282022127 562271723 501(C)(3) 15857 0 ARTS & CULTURE CHARLOTTE SYMPHONY ORCHESTRA SOCIETY INC 128 SOUTH TRYON STREET 350 CHARLOTTE NC 28202 566011568 501(C)(3) 665178 0 ARTS & CULTURE CHILDREN'S THEATRE OF CHARLOTTE 300 EAST 7TH STREET CHARLOTTE NC 28202 561028031 501(C)(3) 733393 0 ARTS & CULTURE DISCOVERY PLACE INC 301 NORTH TRYON STREET CHARLOTTE NC 282022138 560529944 501(C)(3) 1223406 0 ARTS & CULTURE HARVEY B GANTT CENTER FOR AFRICAN AMERICAN ARTS & CULTURE 551 SOUTH TRYON STREET CHARLOTTE NC 28202 561152286 501(C)(3) 268481 0 ARTS & CULTURE LEVINE MUSEUM OF THE NEW SOUTH PO BOX 30125 CHARLOTTE NC 28230 561748648 501(C)(3) 356688 0 ARTS & CULTURE LIGHT FACTORY 1817 CENTRAL AVENUE C200 CHARLOTTE NC 282055109 510185359 501(C)(3) 7870 0 ARTS & CULTURE MCCOLL CENTER FOR ART INNOVATION 721 NORTH TRYON STREET CHARLOTTE NC 28202 510195015 501(C)(3) 360157 0 ARTS & CULTURE MINT MUSEUM 2730 RANDOLPH ROAD CHARLOTTE NC 28207 560670666 501(C)(3) 3166618 0 ARTS & CULTURE NORTH CAROLINA PERFORMING ARTS CENTER FOUNDATION 130 NORTH TRYON STREET CHARLOTTE NC 28202 581791724 501(C)(3) 547207 0 ARTS & CULTURE OPERA CAROLINA 1600 ELIZABETH AVENUE CHARLOTTE NC 28204 566019660 501(C)(3) 22702 0 ARTS & CULTURE WING HAVEN FOUNDATION INC 260 RIDGEWOOD AVENUE CHARLOTTE NC 28209 561014180 501(C)(3) 432681 0 ARTS & CULTURE 16 0 PART I, LINE 2: THE TRUST ONLY MAKES GRANTS TO ITS SUPPORTED 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 257320 0 0 0 1035 0 41400 0 5561 0 305316 0 0 CASH, SECURITIES, OTHER ASSETS 2025-05-20 250510614 BOOK VALUE 566047886 FOUNDATION FOR THE CAROLINAS 220 NORTH TRYON STREET CHARLOTTE NC 28202 501(C)(3) 1 0 0 0 1 1 1 1 0 PART I, LINE 2E: PERSON(S) INVOLVED: DOUGLAS BENSON PART I, LINE 2E: EXPLANATION OF INVOLVEMENT: DOUGLAS BENSON IS AN OFFICER FOR BOTH FOUNDATION FOR THE CAROLINAS AND GREATER CHARLOTTE CULTURAL TRUST. FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION RESTATED AND AMENDED ITS ARTICLES OF INCORPORATION AND BYLAWS TO REMOVE ASC AS A SUPPORTED ENTITY OF GREATER CHARLOTTE CULTURAL TRUST. 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: INTERFUND TRANSFER OUT -250,510,614. 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 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0