Since its inception, more than $1 billion has been distributed by funds held at Foundation For The Carolinas to nonprofits across the United States, officials
announced today at the organization’s Annual Meeting.
Foundation For The Carolinas CEO and President Michael Marsicano characterized the milestone as “an endorsement of the power of the community foundation model as well as a mark of the sheer philanthropic muscle of this community.” He added, “It’s a testament to the profound generosity of the people of our region.”
More than $800 million of the $1 billion was distributed over the past decade, illustrating the dramatic acceleration of the community foundation’s impact in the 13-county region it serves. Foundation leaders also reported strong investment returns on the charitable funds it manages, as well as more than $137 million in contributions to funds by donors over the past year.
The event’s sellout crowd included more than 1,500 business, nonprofit and government leaders, as well as philanthropists and nonprofit board members. The Foundation provided an overview of its activities over the past year, including stories of philanthropists and nonprofit leaders who have made a dramatic impact on our region through their charitable endeavors. Additionally, the Foundation announced that Bank of America executive Cathy
Bessant will serve as its Governing Board Chair for a third term.
Keynote speaker for the luncheon was Sir Ken Robinson, Ph.D., one of the world’s foremost thought leaders on the topics of innovation and creativity. Sir Ken is well-known for his talks at the prestigious TED Conference, which have been viewed by more than 200 million online. Robinson’s remarks focused on the critical nature of creative thought in the worlds of education and economic development.
“Sir Ken speaks to many of the issues and activities that the Foundation and indeed our community at large have prioritized,” said Marsicano. “We are delighted to have brought his message to our audience.”
Foundation For The Carolinas is a nonprofit community foundation serving donors and a broad range of charitable purposes in North and South Carolina. With assets of $900 million, the Foundation encourages and makes possible philanthropic giving by individuals of all means to benefit their communities. Visit http://www.fftc.orgorg.