Carolinas HealthCare Foundation

A BBB Accredited Charity since 10/11/2011.

This BBB Accredited Charity meets all 20 Standards for Charity Accountability and is a Seal Holder.

BBB issues Reliability Reports on all organizations, whether or not they are BBB accredited. If an organization is a BBB Accredited Charity, it is stated in this report.

Name:	Carolinas HealthCare Foundation
Phone:	(704) 355-4048
Address:	1221 East Morehead St.
	Charlotte, NC 28204
	Yahoo Map
Website:	www.givechf.org
Report Creation Date:	September 19, 2011
Report Expiration Date:	September 19, 2014
Original Business Start Date:	March 1959
Principal:	Mr. Michael Rose, President
Customer Contact:	Mr. Michael Rose, President
Incorporated:	March 1959, NC
Employees:	21 Full Time. 1 Part Time.
Type of Business:	Charity - Local
BBB Accreditation:	Carolinas HealthCare Foundation is a BBB Accredited Charity.

Stated Purpose

Carolinas HealthCare Foundation seeks to advance health-related issues, programs and services in the Carolinas that ensure a better quality of life for others. A three-fold mission guides the Foundation. Philanthropic: To initiate fund development programs that enhance wellness, medical education and research, and the healthcare delivery system; Economic: To obtain and manage financial resources responsibly to meet the health-related needs of today-while ensuring the capability to respond to the challenges and opportunities of tomorrow; and Advancement: To seek and facilitate innovations and planning measures that may meaningfully impact the quality of available healthcare and related services in the Carolinas.

Evaluation Conclusions

This organization has been evaluated according to the 20 BBB Standards for Charity Accountability. This organization meets all those Standards and is a BBB Accredited Charity.

BBB Charity Seal Participation

Charities that meet the Standards for Charity Accountability are eligible to participate in BBB Wise Giving Alliance Charity Seal program. The seal, which can be displayed on the charity's web site and in printed materials, helps inform the public that the charity meets these standards. This organization participates in this program.

Programs

Carolinas HealthCare Foundation focuses its philanthropic efforts on initiating fundraising projects that enhance wellness, medical education, research and the healthcare delivery system. The Foundation oversees more than 100 separate donor-restricted funds benefiting a wide variety of facilities and programs with the Carolinas HealthCare System (a self-supporting, public, not-for-profit healthcare provider). These funds support medical research, educational and outreach activities, special needs projects and facilities enhancements. The Foundation also works to secure government and private foundation grants in support of special projects and activities at Carolinas HealthCare System.

Total Program Expenses:

$29,803,148

Governance

Chief Executive Officer:	Michael Rose, President
Board Size:	12
Paid Staff Size:	21 Full Time. 1 Part Time.

Fund Raising

Method(s) Used:

Carolinas HealthCare Foundation's fundraising methods include direct mail appeals, events, grants, and solicitations via the website.

Tax Status

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.

Financial

According to Carolinas HealthCare Foundation's IRS 990 for the year ended December 31, 2009:


Income
	Total Income:	$14,537,669

Expenses			% of total Expenses	% of total Income
	Programs:	$29,803,148	86.59%	205.01%
	Fund Raising:	$1,949,224	5.66%	13.41%
	Administrative:	$2,665,279	7.74%	18.33%
	Other:	$0	0.00%	0.00%
	Total Expenses:	$34,417,651

* Excess of Expenses over Income		$19,879,982
Ending Net Assets:		$280,170,482

* Excess for the year indicates the portion of income remaining after expenses.

Industry Tips

Allowing a Charity to Use Your Name
Contributing with Confidence
Guidelines for Business Giving
Tips on Contributing Used Cars to Charity
Tips on Volunteering

An organization may change its practices at any time without notice. Donors must decide for themselves the significance of any variation from BBB Standards, taking into account the relative importance of the practice in question in the context of the organization's total performance.

This report reflects the results of an evaluation of informational materials provided voluntarily by the organization. The report is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgement.

This report is not to be used for fund raising or promotional purposes.

| More

Carolinas HealthCare Foundation