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FOUNDATION FOR THE CAROLINAS
FOUNDATION FOR THE CAROLINAS
NC · Philanthropy & Grantmaking · EIN 566047886
33
Executives Disclosed
$761.4M
Annual Revenue
$3934.2M
Total Assets
3.5:1
Internal Pay Ratio
FOUNDATION FOR THE CAROLINAS has 33 executives with disclosed compensation. The highest-paid executive, Michael Marsicano (PRESIDENT & CEO), received peak total compensation of $919,971. The sector average for Philanthropy & Grantmaking executives is $213K.
Top Executive Compensation Over Time
Executive Compensation
| Name | Title | Peak Comp. | Latest Comp. | Years | vs. Household |
|---|---|---|---|---|---|
| Michael Marsicano | PRESIDENT & CEO | $920K | $898K | 2016–2022 | 12.3x |
| Cathy Bessant | CEO | $737K | $737K | 2024–2024 | 9.8x |
| Nikhil Sawant | CIO (THRU 3/1/24) | $556K | $271K | 2019–2024 | 7.4x |
| Laura Smith | FORMER COO | $539K | $440K | 2018–2024 | 7.2x |
| Holly K Welch | EXECUTIVE VICE PRESIDENT | $485K | $485K | 2016–2021 | 6.5x |
| David B Collier | EXECUTIVE VICE PRESIDENT | $440K | $440K | 2016–2022 | 5.9x |
| Debra S Watt | EVP & CHRO | $406K | $406K | 2016–2022 | 5.4x |
| Laura Meyer Wellman | President - E4E Relief | $387K | $387K | 2016–2016 | 5.2x |
| Blair Stanford | CELC EXECUTIVE DIRECTOR | $357K | $334K | 2021–2024 | 4.8x |
| Laura J Smith | EXECUTIVE VICE PRESIDENT | $332K | $332K | 2016–2017 | 4.4x |
| Douglas W Benson | CHIEF ADMINISTRATIVE AND CHIEF RISK OFFICER (SECRE | $315K | $305K | 2018–2024 | 4.2x |
| Holly Welch Stubbing | EXECUTIVE VICE PRESIDENT | $312K | $307K | 2017–2018 | 4.2x |
| Alyssa Federico | CHIEF FINANCIAL OFFICER (TREASURER) | $293K | $275K | 2017–2024 | 3.9x |
| Evan N Wolkofsky | GENERAL COUNSEL (ASST SECRETARY) | $271K | $271K | 2022–2024 | 3.6x |
| Munro C Richardson | READ CHARLOTTE EXECUTIVE DIRECTOR | $262K | $262K | 2016–2024 | 3.5x |
| Federico G Rios | SVP, CIVIC LEADERSHIP | $262K | $262K | 2024–2024 | 3.5x |
| Elizabeth Kiser | CHIEF PHILANTHROPY OFFICER | $260K | $260K | 2022–2024 | 3.5x |
| Linda Terrell | VP & DIRECTOR - OPERATIONS & IT | $235K | $235K | 2021–2021 | 3.1x |
| Laura Yates Clark | PRESIDENT | $234K | $234K | 2024–2024 | 3.1x |
| Davida Rivens | NATIONAL SALES DIRECTOR & VP | $234K | $234K | 2018–2021 | 3.1x |
| Catherine D Warfield | SVP - PHILANTHROPIC ADVANCEMENT | $233K | $233K | 2021–2021 | 3.1x |
| Sherri S Chisholm | LOO EXECUTIVE DIRECTOR | $230K | $230K | 2022–2024 | 3.1x |
| Theresa Stroish | VP & DIRECTOR - CUSTOMER & APPLICANT EXPERIENCE | $224K | $224K | 2021–2021 | 3x |
| Tara Keener | CHIEF MARKETING OFFICER (ASST SECRETARY) | $220K | $205K | 2021–2024 | 2.9x |
| Julie T Caldwell | NATIONAL MARKETING DIR & VP | $217K | $208K | 2018–2021 | 2.9x |
| Charles G Beuris | VP & DIRECTOR - INVESTMENT REPORTING | $201K | $201K | 2022–2022 | 2.7x |
| Keva Womble | SVP - COMMUNITY PROGRAMS | $200K | $200K | 2021–2021 | 2.7x |
| Julie Caldwell | DIRECTOR OF DEVELOPMENT - | $195K | $195K | 2016–2017 | 2.6x |
| Doug Benson | VICE PRESIDENT & DEPUTY CO | $191K | $182K | 2016–2017 | 2.5x |
| Sean Seifert | CAROLINA THEATRE EXECUTIVE | $191K | $191K | 2024–2024 | 2.5x |
| Mary Gallivan | Vice President & Director of Centers for Giving | $184K | $184K | 2016–2016 | 2.4x |
| Robin Barefoot | ASSOCIATE COUNSEL | $181K | $181K | 2024–2024 | 2.4x |
| Angela Allred | VICE PRESIDENT & DIRECTOR - INVESTMENT OPERATIONS | $173K | $168K | 2016–2017 | 2.3x |
Annual Summary
| Year | Executives | Avg. Comp. | Highest Comp. | Total Payroll |
|---|---|---|---|---|
| 2016 | 11 | $279K | $673K | $3.1M |
| 2017 | 10 | $285K | $746K | $2.8M |
| 2018 | 10 | $300K | $844K | $3.0M |
| 2019 | 11 | $309K | $730K | $3.4M |
| 2021 | 16 | $344K | $920K | $5.5M |
| 2022 | 14 | $363K | $898K | $5.1M |
| 2024 | 15 | $297K | $737K | $4.5M |
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