In January, Foundation For The Carolinas celebrated fifty years serving the region.
The Foundation launched the Center for Civic Leadership to advance its role as coalition builder and community catalyst, and began a campaign to raise money for initiatives that will be undertaken within this new Center.
To accommodate expanding philanthropic services and increases in civic leadership initiatives, Foundation For The Carolinas accepted the gift of a building from Bank of America. Currently occupied by the Mint Museum of Craft + Design, the facility will become the Foundation’s new headquarters in early 2011. Additionally, Sonia and Isaac Luski of Charlotte announced they will gift a significant portion of their art collection to the Foundation, which will be housed in a gallery in the new Foundation offices.
The John S. and James L. Knight Foundation awarded a $3.3 million grant to Foundation For The Carolinas in support of Crossroads Charlotte, a long-range public engagement initiative designed to transform Charlotte’s civic landscape and increase social capital.
In late 2008, the declining economy took its toll on Foundation assets, which dipped to $609 million dollars at year-end. Contributions to the Foundation totaled $78 million dollars, while grant awards totaled $103 million - only the second time in the Foundation’s history that grants awarded have exceeded contributions.
In December, Foundation For The Carolinas launched the Critical Need Response Fund in partnership with The Leon Levine Foundation, The Charlotte Chamber of Commerce, The United Way of Central Carolinas, and Mecklenburg Ministries to shelter, clothe, feed, and keep warm a growing number of residents who found themselves in dire circumstances. Sandra and Leon Levine made a lead gift to the fund of $1 million.
In 2009, donors in four additional counties followed suit, launching Critical Need Response Funds in Cabarrus County and the Lexington area of Davidson County in North Carolina, and Cherokee and Lancaster Counties in South Carolina.
Contributions of nearly $3 million were made to the Critical Need Response efforts in all five counties, and all of the dollars raised were granted out to meet the needs of area residents.