Community Investments Foundation
Community Investments Foundation (CIF) receives and manages gifts of business interests or other unique assets, until they can be liquidated, with the proceeds used in support of various charitable organizations.
Community Investments Foundation at a glance
In short: Community Investments Foundation gave $23.8M across 5 grants in 2024 (avg $4.8M), mostly in North Carolina. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $23,842,981
- -0.8% vs 2023
- Grants made (2024)
- 5
- +66.7% vs 2023
- Average grant
- $4,768,596
- -40.5% vs 2023
- Median grant
- $51,813
- Total assets
- $68,814,677
- -11.2% vs 2023
- Primary geography
- North Carolina (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
Who Community Investments Foundation funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
The largest 2024 recipient was Foundation for the Carolinas ($18.0M). Together the top 5 received $23.8M.
Grant Size Distribution
15 grants across all recorded years
The most common grant size was under $50K: 7 grants of 15 (47%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 5 itemized grants.
States
Cities
How Community Investments Foundation gives
- Giving held roughly steady from 2021 to 2024 (+19%). Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $17.3M (2020) to $24.0M (2023). In 2024 it made 5 grants totaling $23.8M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Foundation for the Carolinas Charlotte, NC | Grantmaking | $17,997,255 |
| Foundation for the Charlotte Jewish Community Charlotte, NC | Grantmaking | $5,722,008 |
| Bradhams Legacy New Bern, NC | Charitable Gift | $51,813 |
| Tryon Palace Foundation Inc New Bern, NC | Charitable Gift | $40,000 |
| Vanguard Charitable Endowment Program Warwick, RI | Charitable Gift | $31,905 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $68,814,677 | $16,512,191 | $25,261,721 | $23,842,981 | 5 | $2,783,570 |
| 2023 | $77,458,068 | $18,964,117 | $25,547,982 | $24,030,415 | 3 | $674,760 |
| 2022 | $85,159,904 | $20,489,868 | $18,805,485 | $17,547,983 | 3 | $1,388,726 |
| 2021 | $101,933,737 | $21,788,464 | $20,921,475 | $19,987,409 | 1 | $666,129 |
| 2020 | $74,225,623 | $28,053,991 | $18,791,172 | $17,294,134 | 3 | $4,929,792 |
About Community Investments Foundation
Based on IRS filings
Community Investments Foundation is a public charity focused on Human Services, based in Charlotte, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $68.8M in total assets. In 2024, it awarded 5 grants totaling $23.8M. Net investment income was $2.8M.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Community Investments Foundation is led by Michael Marsicano, President & CEO since 2023 (on filings since 2021); none of the 12 officers listed in 2024 report compensation.
Officers on the 2024 filing
Michael Marsicano
President & CEO
President → President & CEO, 2023
On filings since 2021
5 hrs/week
No compensation reported
Todd W. Mansfield
Chair
On filings since 2020
0.3 hrs/week
No compensation reported
Chris Poplin
Director
On filings since 2020
0.3 hrs/week
No compensation reported
Kieth Cockrell
Director
On filings since 2021
0.3 hrs/week
No compensation reported
Marian Steele Clark
Director
On filings since 2022
0.3 hrs/week
No compensation reported
Douglas W. Benson
Senior Vice President & General Counsel
Senior V.p. & In-House Counsel → Senior Vice President & In-House Counsel, 2021
Senior Vice President & In-House Counsel → Senior Vice President & General Counsel, 2023
On filings since 2020
5 hrs/week
No compensation reported
Alyssa Federico
Chief Financial Officer
Senior Vice President & Finance → Chief Financial Officer, 2024
On filings since 2021
5 hrs/week
No compensation reported
Elizabeth Kiser
Senior Vice President & Philanthropic A
Senior Vice President & Philanthropic Advancement → Senior Vice President & Philanthropic A, 2024
On filings since 2021
5 hrs/week
No compensation reported
Evan Wolkofsky
Assistant Deputy Counsel
Deputy General Counsel & Vice President → Assistant Deputy Counsel, 2023
On filings since 2021
5 hrs/week
No compensation reported
Laura Smith
Executive Vice President
On filings since 2021
5 hrs/week
No compensation reported
Nikhil Sawant
Executive Vice President & CIO
Executive Vice President → Executive Vice President & CIO, 2023
On filings since 2021
5 hrs/week
No compensation reported
Robin Barefoot
Associate Counsel
Associate General Counsel & Vice President → Associate Counsel, 2023
On filings since 2021
5 hrs/week
No compensation reported
Former officers (5)
- Former: Holly Welch Stubbing (2022) — Executive Vice President
- Former: W. Barnes Hauptfuhrer (2020–2021) — Vice Chair
- Former: Holly K. Welch (2021) — Executive Vice President
- Former: Catherine D. Warfield (2020) — Senior V.p. & Philanthropic Advisor
- Former: Ruth G. Shaw (2020) — Director
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Community Investments Foundation
How much does Community Investments Foundation give each year?
Community Investments Foundation gave $23.8M across 5 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $24.0M across 3 grants.
What is Community Investments Foundation's typical grant size?
Community Investments Foundation's median grant in 2024 was $51,813, and its average grant was $4,768,596, across 5 grants on its 2024 IRS Form 990.
Where does Community Investments Foundation give grants?
Community Investments Foundation gives mostly in North Carolina: 100% of the grant dollars itemized on its 2024 IRS Form 990 went to recipients there. The most frequent recipient cities were Charlotte, NC (2 grants) and New Bern, NC (2 grants).
Does Community Investments Foundation give general operating support?
Not in 2024: none of the 5 grants with a stated purpose on Community Investments Foundation's 2024 IRS Form 990 were described as general or operating support. Recurring purposes include "Charitable Gift" (3 grants).
Who are Community Investments Foundation's largest grantees?
Community Investments Foundation's largest 2024 grantees include Foundation for the Carolinas ($17,997,255), Foundation for the Charlotte Jewish Community ($5,722,008) and Bradhams Legacy ($51,813), according to its 2024 IRS Form 990.
How large is Community Investments Foundation?
Community Investments Foundation reported $68.8M in total assets on its 2024 IRS Form 990. Its revenue that year was $16.5M.
What is Community Investments Foundation?
Community Investments Foundation is a public charity focused on Human Services, based in Charlotte, NC. It holds $68.8M in total assets as of 2024.
What is Community Investments Foundation's EIN?
Community Investments Foundation's EIN (Employer Identification Number) is 45-6930128. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS November 13, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS November 15, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 14, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 15, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 17, 2025)
- IRS filings on file for fiscal years 2020–2024
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Browse active grant opportunities in Community Investments Foundation's focus areas in our free grants database
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