Coastal Community Foundation Of South Carolina, Inc.
Coastal Community Foundation Of South Carolina, Inc.
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About this organization
Mission
Coastal Community Foundation works to create communities rich in equity, opportunity, and well-being by uniting people and investing resources so that all community members have a pathway to achieve their goals.
About
DEVELOPMENT & STEWARDSHIP - THE FOUNDATION SEEKS TO PROVIDE BEST-IN-CLASS STEWARDSHIP TO INDIVIDUALS, FAMILIES AND COMPANIES, TO CONNECT THEM TO WHAT THEY CARE DEEPLY ABOUT. IT USES ITS RELATIONSHIPS, LOCAL EXPERTISE AND KNOWLEDGE AS A PLACE-BASED FOUNDATION TO INFORM AND STRENGTHEN PHILANTHROPY AND ENCOURAGE STRENGTH AND VITALITY IN THE NONPROFIT SECTOR. THE STEWARDSHIP OF ITS FINANCIAL ASSETS IS CRUCIAL TO PHILANTHROPY, IN BOTH THE SHORT AND LONG-TERM. THE FOUNDATION IS A PERMANENT PHILANTHROPIC RESOURCE TO THE COMMUNITY; THUS, IT PRACTICES PRUDENT OVERSIGHT OF ITS INVESTMENTS TO PRESERVE AND GROW ITS RESOURCES TO MEET THE NEEDS OF TODAY AND THE FUTURE.GRANTMAKING & COMMUNITY LEADERSHIP - THE FOUNDATION'S (SEE SCHEDULE O) PHILANTHROPIC ASSETS INCLUDE SOCIAL, MORAL, INTELLECTUAL, REPUTATIONAL AND FINANCIAL CAPITAL. THIS UNDERSTANDING OF THE AVAILABLE ASSETS LEADS THE FOUNDATION TO DEPLOY FINANCIAL CAPITAL THROUGH GRANTMAKING AND IMPACT INVESTING AND TO DEPLOY THE OTHER FORMS OF CAPITAL THROUGH ITS PROGRAMMATIC WORK.GRANTMAKING - THE FOUNDATION'S GRANTMAKING SPANS THE COMMUNITY'S BROADEST AREAS, FROM ARTS AND CULTURE TO COMMUNITY DEVELOPMENT, AND PROVIDES CRITICAL OPERATIONAL AND CAPITAL SUPPORT FOR THE NETWORK OF NONPROFITS IN THE FOUNDATION'S 9-COUNTY SERVICE AREA AND BEYOND. THE FOUNDATION'S GRANTMAKING TAKES THE FORMS OF DONOR-ADVISED GRANTS, COMPETITIVE GRANTS IN FIELD OF INTEREST PROGRAMS, SCHOLARSHIP PROGRAM ADMINISTRATION AND CORPORATE-ADVISED GRANTMAKING. COASTAL COMMUNITY FOUNDATION DISBURSED 2,341 GRANTS AND SCHOLARSHIPS TOTALING $22,027,378. THESE GRANTS WERE DISTRIBUTED AS FOLLOWS: 129 GRANTS TOTALING $382,280 IN SUPPORT OF RELIGIOUS EFFORTS, 147 GRANTS TOTALING $1,369,789 IN SUPPORT OF THE ARTS, 782 GRANTS TOTALING $4,481,459 SUPPORTING VARIOUS EDUCATIONAL PURSUITS, 302 GRANTS TOTALING $1,996,466 SUPPORTING HEALTH INITIATIVES, 578 GRANTS TOTALING $2,604,979 SUPPORTING HUMAN NEEDS, 66 GRANTS TOTALING $556,711 SUPPORTING NEIGHBORHOOD & COMMUNITY DEVELOPMENT, 46 GRANTS TOTALING $9,266,011 SUPPORTING PHILANTHROPY, 264 GRANTS TOTALING $1,217,532 SUPPORTING ENVIRONMENTAL EFFORTS, AND 27 GRANTS TOTALING $152,151 SUPPORTING SOCIAL JUSTICE PROGRAMS.OTHER PROGRAMMATIC WORK - THE FOUNDATION'S WORK ALSO INCLUDES FOCUS IN COMMUNITY LEADERSHIP, STRATEGIC PROJECTS AND IMPACT INVESTING. COMMUNITY LEADERSHIP INCLUDES THE CIVIC ENGAGEMENT AGENDA, WHICH IS A FRAMEWORK CREATED IN FISCAL YEAR ENDED JUNE 30, 2018 DESIGNED TO HELP THE FOUNDATION MAKE CONCENTRATED, POSITIVE IMPACT IN ITS COMMUNITIES WHERE AN OPPORTUNITY HAS BEEN IDENTIFIED THROUGH COMMUNITY CONVERSATIONS. THE FOUNDATION'S INITIAL AREAS OF FOCUS INCLUDE EDUCATION, ACCESS TO ECONOMIC OPPORTUNITY AND AFFORDABLE SPACES AND INCLUSIVE SPACES. THE FOUNDATION'S STRATEGIC FRAMEWORK WAS CREATED IN 2018 AND WILL GUIDE ITS WORK FOR THE NEXT SEVERAL YEARS TO PRIORITIZE INITIATIVES THAT HELP IT ADVANCE WORK IN THESE AREAS.STRATEGIC PROJECTS INCLUDE GRANTMAKING PROGRAMS THE FOUNDATION ADMINISTERS FOR OTHERS, THE PINCKNEY SCHOLARS PROGRAM AND MANAGEMENT OF FISCAL SPONSORSHIPS.IMPACT INVESTING WAS LAUNCHED IN THE FISCAL YEAR ENDED JUNE 30, 2018 WITH THE FIRST INVESTMENTS TO BE MADE IN FISCAL YEAR ENDING JUNE 30, 2019. THROUGH THIS INITIATIVE, THE FOUNDATION IS MAKING INVESTMENTS IN THE NINE-COUNTY AREA THAT PRIORITIZE THE CIVIC ENGAGEMENT THEMES. THESE INVESTMENTS SEEK TO ACHIEVE FINANCIAL RETURNS AS WELL AS SOCIAL RETURNS FOR THE COMMUNITIES.
Interesting data from their 2020 990 filing
According to the filing documents, the non-profit's mission is defined as “The foundation's purpose is to help create vibrant communities by uniting people and investing resources. the foundation officially serves nine coastal counties - beaufort, berkeley, charleston, colleton, dorchester, georgetown, hampton, horry, and jasper. the foundation administers more than 800 individual funds, each established with an instrument of gift describing either the general or specific purposes for which grants are to be made. the foundation's work is carried out through its development & stewardship and grantmaking & community leadership efforts.”.
When referring to its tasks, they were referred to as: “The foundation's purpose is to help create vibrant communities by uniting people and investing resources.”.
- The non-profit's state of operation has been legally reported as SC.
- According to the latest filing, the non-profit's address in 2020 is 1691 TURNBULL AVE, N CHARLESTON, SC, 294051944.
- The total number of employees reported by the non-profit on their form for 2020 is 45.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $15,747,973.
- The organization has 19 independent voting members.
- The organization was formed in 1974.
- The organization pays $1,938,978 in salary, compensation, and benefits to its employees.
- The organization pays $357,884 in fundraising expenses.
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