Carolinas Credit Union Foundation logo

Carolinas Credit Union Foundation

Foundation · Grantmaker Columbia, SC EIN: 56-1842095 Website

To provide educational scholarships, and to provide assistance to credit unions in north and south carolina, and special projects.

Key facts about Carolinas Credit Union Foundation

In short: Carolinas Credit Union Foundation gave $1.2M across 62 grants in 2025 (avg $20K), top state North Carolina. 90% of 2025 grantees were new. Source: 2025 IRS Form 990.

EIN
56-1842095
Latest 990 filing
Form 990, 2025
Annual giving (2025)
$1,213,409
Grants made (2025)
62
Average grant
$19,571
Median grant
$11,850
New grantees (estimate)
90% first-time grantees (56 of 62, 2025)
Total assets
$5,548,264
Primary geography
North Carolina (45% of itemized 2025 grant dollars)

Data from IRS Form 990, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).

Financial Overview

From 2025 IRS Form 990 · View filing

Total Assets

$5.5M

-3.1% YoY

Annual Giving

$1.2M

+32.0% YoY

Grant Count

62

+19.2% YoY

Avg Grant Size

$20K

+10.7% YoY

Is Carolinas Credit Union Foundation open to new grantees?

90%

first-time grantees, 2025

In 2025, 56 of 62 grantees (90%) were first-time recipients. First grants averaged $20K; repeat grants $14K. How we count

Medians: $12K first-time, $13K repeat.

  • 10% of 2025 grantees were also funded in 2024. Method
  • Giving fell 30% from 2022 to 2025. Method

Estimate from itemized grant lists in IRS Form 990 filings (2019–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.

About Carolinas Credit Union Foundation

Based on IRS filings

Carolinas Credit Union Foundation is a nonprofit organization focused on Education, based in Columbia, SC. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $5.5M in total assets. In 2025, it awarded 62 grants totaling $1.2M. Net investment income was $125K.

Focus Areas

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

14states

Share of all 62 itemized 2025 grant dollars.

Cities

RaleighCharlotteDurhamGreensboroGreenvilleWinston SalemColumbiaChapel HillCaryRandlemanAshvilleConcordGreenwoodMadisonCharlotteeGreerHigh PointArdmoreHickoryMatthews

Giving Over Time

Total grant dollars and number of grants per year

$0$500K$1M$1.5M$2M23 grants201933 grants202037 grants202174 grants202266 grants202352 grants202462 grants2025

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2025

Civic Foundation: $130KCivic Foundation$130KUNC Chapel Hill: $88KUNC Chapel Hill$88KTruliant Fcu: $55KTruliant Fcu$55KUniversity of South Carolina: $55KUniversity of South Carolina$55KNorth Carolina State University: $45KNorth Carolina StateUniversity$45KSPC Credit Union: $40KSPC Credit Union$40KClemson University: $37KClemson University$37KGala Hotel Accrual: $36KGala Hotel Accrual$36KUNC Charlotte: $35KUNC Charlotte$35KNcrgog: $30KNcrgog$30K

Grant Size Distribution

291 grants across all recorded years

272<$50K9$50–100K10$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
CIVIC FOUNDATION GENERAL SUPPORT$130,400
UNC CHAPEL HILL Chapel Hill, NCGENERAL SUPPORT$88,000
TRULIANT FCU Winstonsalem, NCGENERAL SUPPORT$55,000
UNIVERSITY OF SOUTH CAROLINA Columbia, SCGENEAL SUPPORT$55,000
NORTH CAROLINA STATE UNIVERSITY Raleigh, NCGENERAL SUPPORT$44,500
SPC CREDIT UNION Hartsville, SCGENERAL SUPPORT$40,000
CLEMSON UNIVERSITY Clemson, SCGENERAL SUPPORT$36,500
GALA HOTEL ACCRUAL GENERAL SUPPORT$36,186
UNC CHARLOTTE Charlotte, NCGENERAL SUPPORT$35,000
NCRGOG GENERAL SUPPORT$30,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$2M$4M$6M2019202020212022202320242025
Metric202520242023
Total Assets$5,548,264$5,723,150$5,211,747
Revenue$2,438,668$4,167,015$4,359,588
Expenses$2,778,083$3,848,140$3,804,218
Qualifying Distributions———
Net Investment Income$124,800$152,679$201,837
Distributable Amount———

Data update history

When this profile's IRS filing data changed on Grantable

  1. Added Form 990 for fiscal year 2019 (received by the IRS June 3, 2020)
  2. Updated Form 990 for fiscal year 2020 (received by the IRS July 15, 2021)
  3. Updated Form 990 for fiscal year 2021 (received by the IRS June 2, 2022)
  4. Updated Form 990 for fiscal year 2022 (received by the IRS May 15, 2023)
  5. Updated Form 990 for fiscal year 2023 (received by the IRS May 1, 2024)
  6. Updated Form 990 for fiscal year 2024 (received by the IRS May 8, 2025)
  7. Added Form 990 for fiscal year 2025 (received by the IRS August 13, 2026)

Leadership & Key People

Officers and directors from IRS filings

Carolinas Credit Union Foundation is led by Jessica Baker, Chair on the 2025 filing; 1 of 16 officers listed in 2025 is compensated.

Officers on the 2025 filing

  • Jessica Baker

    Chair

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • Dan Schline

    Director

    On filings since 2019

    1 hr/week

    No compensation reported

  • Sam Whitehurst

    Director

    On filings since 2019

    1 hr/week

    No compensation reported

  • Creighton Blackwell

    Director

    On filings since 2021

    1 hr/week

    No compensation reported

  • Liz Ponder

    Director

    On filings since 2023

    1 hr/week

    No compensation reported

  • Precious McCloud

    Director

    On filings since 2023

    1 hr/week

    No compensation reported

  • Scott Woods

    Director

    On filings since 2023

    1 hr/week

    No compensation reported

  • Jama Campbell

    Director

    On filings since 2024

    1 hr/week

    No compensation reported

  • Fred Eisel

    Director

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • Joe McCain

    Director

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • Linda Weatherford

    Director

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • Terri Hendrix

    Director

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • Lauren Whaley

    Executive Di

    On filings since 2019

    40 hrs/week

    $151K (2019) → $180K (2025)

  • Frankie Dedonato

    Secretary

    Director → Secretary, 2025

    On filings since 2019

    1 hr/week

    No compensation reported

  • Ashley Ruffin

    Vice Chair

    Director → Secretary, 2024

    Secretary → Vice Chair, 2025

    On filings since 2020

    1 hr/week

    No compensation reported

  • Genice Decorte

    Treasurer

    Director → Treasurer, 2023

    On filings since 2021

    1 hr/week

    No compensation reported

Former officers (14)
  • Former: Bob Bruns (2019–2024) — Director
  • Former: David Brehmer (2019–2024) — Vice Chair
  • Former: Jennifer Parker (2019–2024) — Director
  • Former: Jesscia Baker (2023–2024) — Director
  • Former: Brian Sponaugle (2019–2023) — Chair
  • Former: Leigh Brady (2019–2023) — Secretary
  • Former: Bonnie Ciuffo (2019–2022) — Chair
  • Former: Brian McKay (2019–2022) — Director
  • Former: Todd Hall (2019–2022) — Director
  • Former: Elizabeth Orama (2021–2022) — Director
  • Former: Mark Curran (2019–2020) — Director
  • Former: Willard Ross (2019–2020) — Director
  • Former: Scott Weaver (2020) — Director
  • Former: Mark Caverly (2019) — Immediate Pa

Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2025 IRS filing

Lauren Whaley — Executive Di: $180KLauren WhaleyExecutive Di$180K

Frequently asked questions about Carolinas Credit Union Foundation

How much does Carolinas Credit Union Foundation give each year?

Carolinas Credit Union Foundation gave $1.2M across 62 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $919K across 52 grants.

What is Carolinas Credit Union Foundation's typical grant size?

Carolinas Credit Union Foundation's median grant in 2025 was $11,850, and its average grant was $19,571, across 62 grants on its 2025 IRS Form 990. Organizations receiving their first grant from Carolinas Credit Union Foundation that year got $20K on average.

Where does Carolinas Credit Union Foundation give grants?

Carolinas Credit Union Foundation's top state is North Carolina, with 45% of the grant dollars itemized on its 2025 IRS Form 990. The next largest state was South Carolina (21%). The most frequent recipient cities were Greensboro, NC (7 grants), Winstonsalem, NC (4 grants), Columbia, SC (2 grants) and Raleigh, NC (2 grants).

Does Carolinas Credit Union Foundation give general operating support?

Yes: 98% of Carolinas Credit Union Foundation's 2025 grants with a stated purpose (61 of 62) were for general or operating support, per its 2025 IRS Form 990.

Who are Carolinas Credit Union Foundation's largest grantees?

Carolinas Credit Union Foundation's largest 2025 grantees include Civic Foundation ($130,400), UNC Chapel Hill ($88,000) and Truliant Fcu ($55,000), according to its 2025 IRS Form 990. Together they received 23% of its itemized 2025 grant dollars.

How large is Carolinas Credit Union Foundation?

Carolinas Credit Union Foundation reported $5.5M in total assets on its 2025 IRS Form 990. Its revenue that year was $2.4M.

What is Carolinas Credit Union Foundation?

Carolinas Credit Union Foundation is a nonprofit organization focused on Education, based in Columbia, SC. It holds $5.5M in total assets as of 2025.

What is Carolinas Credit Union Foundation's EIN?

Carolinas Credit Union Foundation's EIN (Employer Identification Number) is 56-1842095. IRS Form 990 filing data is available on this page for 2019–2025.

Data last updated September 2026. Sourced from IRS Form 990 filings.

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