Overview
What is Greater Charlotte Cultural Trust?
Greater Charlotte Cultural Trust is a nonprofit organization situated in Charlotte, North Carolina, specifically at 220 North Tryon Street. Its primary role is to manage and grow charitable permanent funds, supporting the Arts & Science Council of Charlotte/Mecklenburg and its partner cultural organizations. By pooling together the endowments of various cultural organizations and the assets of the Foundation for the Carolinas, the Trust offers competitive fees, access to investment managers, and expertise in the field. This collaboration aims to strengthen the financial foundation of the arts, science, and history organizations in Charlotte-Mecklenburg, thereby fostering a vibrant cultural community in the region.
Is Greater Charlotte Cultural Trust legitimate?
Greater Charlotte Cultural Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Greater Charlotte Cultural Trust submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
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For more financial information, click here
What is the mission statement of Greater Charlotte Cultural Trust?
The Greater Charlotte Cultural Trust's mission is to foster a vibrant cultural community by managing charitable permanent funds. This is done by offering endowment management and oversight, as well as investment expertise, to build and grow permanent funds for local arts, science, and history organizations. By pooling the endowments of various cultural organizations and leveraging the assets of the Foundation for the Carolinas, the Trust provides competitive fees and access to investment managers, thereby helping to sustain and grow these funds. In essence, the Trust aims to support the long-term financial health of cultural organizations in the community.
Who is the CEO of Greater Charlotte Cultural Trust?
Douglas Benson is the Chair of Greater Charlotte Cultural Trust.
What is the revenue of Greater Charlotte Cultural Trust?
Greater Charlotte Cultural Trust's revenue in 2022 was $2,859,147.
Who are the executives of Greater Charlotte Cultural Trust and what are their salaries?
Here are 12 key members and their salaries:
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- Related: $220,873
- Other: $37,710
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- Related: $145,555
- Other: $11,471
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- Related: $21,836
- Other: $2,429
Where can I find the form 990 for Greater Charlotte Cultural Trust?
Greater Charlotte Cultural Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Greater Charlotte Cultural Trust
The Greater Charlotte Cultural Trust is an organization dedicated to managing charitable permanent funds in support of the Arts & Science Council Charlotte/Mecklenburg and its cultural partners. Its mission is to cultivate and sustain a vibrant cultural community in Charlotte-Mecklenburg by offering endowment management and oversight, along with investment expertise. The Trust's role involves helping to build and expand the permanent funds of the area's arts, science, and history organizations. By pooling the endowments of various cultural organizations and combining them with the assets of the Foundation for the Carolinas, the Trust provides competitive fees, access to investment managers, and expertise to these organizations. This collaboration enables the Trust to offer more advantages, ultimately strengthening and growing the endowments for these cultural institutions.
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Impact
October, 2024
The Greater Charlotte Cultural Trust plays a pivotal role in fostering a vibrant cultural community in Charlotte-Mecklenburg. By managing charitable permanent funds, it supports the Arts & Science Council and its cultural partners, ensuring lasting financial sustainability for the region's arts, science, and historical organizations.
Through effective investment management, the Trust aggregates the endowments of various cultural organizations, enabling access to competitive fees and expert investment management. This strategic oversight not only strengthens individual organizations but also enhances the overall cultural landscape. The Trust's commitment to growing and sustaining these permanent funds contributes significantly to the vitality and richness of cultural experiences available in the area, ultimately benefiting both residents and visitors alike.
This information is meant to be a general summary of Greater Charlotte Cultural Trust. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $125
- Gross Receipts: $2,859,147
Assets and Liabilities:
- Total Assets: $187,755,408
- Total Liabilities: $0
- Net Assets: $187,755,408
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Organization Details
Founding Year
2002
Phone
(704) 973-4500Principal Officer
Douglas Benson
Main Address
220 NORTH TRYON STREET, CHARLOTTE, NC, 28202
NTEE Category
Code: A12 - Arts
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