SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
MediumBullet Attach to Form 990 or 990-EZ.
MediumBullet Information about Schedule O (Form 990 or 990-EZ) and its instructions is at
www.irs.gov/form990.
OMB No. 1545-0047
2016
Open to Public
Inspection
Name of the organization
Foundation for the Carolinas
 
Employer identification number

56-6047886
Return Reference Explanation
Form 990, Part III, Line 4d Program Service Expenses: 22,361,508, Grants and allocations: 20,316,323, Revenue: 0 Healthcare: Disbursed 1,349 grants to promote health care, research, and nutrition.
Form 990, Part III, Line 4d Program Service Expenses: 13,769,372, Grants and allocations: 12,510,024, Revenue: 0 Arts & Culture: Disbursed 1,164 grants to various organizations providing support to the cultural community through art, history and education.
Form 990, Part III, Line 4d Program Service Expenses: 23,787,369, Grants and allocations: 21,611,774, Revenue: 0 Human Services: Disbursed 2,047 grants to various organizations offering services for seniors, youth development, housing and shelter, and other community needs.
Form 990, Part III, Line 4d Program Service Expenses: 10,132,094, Grants and allocations: 9,205,412, Revenue: 0 Religion: Disbursed 1,461 grants to support religous organizations.
Form 990, Part III, Line 4d Program Service Expenses: 5,281,057, Grants and allocations: 4,798,051, Revenue: 0 Animal Welfare: Disbursed 220 grants to various organizations to support animal care, shelter, and spay and neuter programs.
Form 990, Part III, Line 4d Program Service Expenses: 2,439,166, Grants and allocations: 2,216,078, Revenue: 0 Other: Disbursed 64 grants to various organizations to support science, technology, and social science projects.
Form 990, Part VI, Section B, line 11b THE FOUNDATION'S AUDIT COMMITTEE REVIEWS THE FORM 990 IN DETAIL THROUGH AN ANNUAL COMMITTEE MEETING. 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. BOTH REVIEWS ARE DONE WITH SCHEDULE B REMOVED. THE FOUNDATION'S BOARD HAS DISCUSSED THE REMOVAL OF SCHEDULE B AND BELIEVES THE PRIVACY OF THE FOUNDATION'S DONORS WARRANTS THE REDACTION OF INFORMATION.
Form 990, Part VI, Section B, line 12c The Foundation 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 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 Foundation engages a compensation consultant annually to review all employee positions in comparison with local market data and national peer data. The consultant reports back to management an appropriate salary range for each individual position. It is the Foundation's goal to pay all employees at the midpoint for their respective position. Annual compensation for both the President and Executive Vice Presidents are reviewed by the Board's Executive Committee before being reviewed by the full Board during executive session.
Form 990, Part VI, Section C, line 19 The Foundation will provide copies of its governing documents upon request. Annual audited consolidated financial statements are available through the Foundation's website (in summary form) and upon request.
Form 990, Part XI, line 9: Reclassification of funds between supporting organizations -568,182.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2016


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