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Foundation Holdings, Inc. history
Foundation Holdings, Inc. company history timeline
1997: The Foundation initiates Building A Better Future, a $2 million grantmaking program made possible by the Lucille Giles bequest.
1998: The Foundation celebrates 40 years of service to the region.
1999: William Spencer, only the second person to serve as president of the Foundation, retires in September after leading the Foundation for 13 years.
Foundation Source was established in April 2000 to solve these issues.
Grant distributions rise from $26.4 million in 2000 to $35.4 million.
The company signed its first foundation client in December 2001, and has grown steadily ever since.
2001: FFTC enjoys a record year in philanthropy despite the slow economy.
2002: The Foundation partners with the Arts & Science Council to create a new supporting organization, the Foundation For The Arts & Sciences.
And the Endowment was included in the estate plan of Ruth Lilly, the daughter of J.K. Jr., resulting in gifts from her beginning in 2003 totaling more than $200 million.
2005: In response to requests from concerned elected officials, business leaders and parents, the Foundation convenes a task force to oversee a study focusing on a new management and governance structure for Charlotte-Mecklenburg Schools.
2007: Foundation For The Carolinas made its largest discretionary gift to date of $2 million (via the Charlotte Mecklenburg Community Foundation) to the Carolina Thread Trail, a 15-county greenway network.
2010: Contributions to charitable funds held at the Foundation total $209 million, the second-highest year in history.
One of the most exciting achievements of 2013 is the launch of E4E Relief, LLC, which provides disaster and hardship relief to employees of corporations throughout the United States.
2014: FFTC donors gift a record $628 million to Foundation-held funds, ending the year with charitable assets totaling $1.7 billion (the 9th largest community foundation in the United States), a record $342 million in grantmaking and 400 new charitable funds for families, nonprofits and companies.
Also, the North Tryon Vision Plan is released in 2016 and formally adopted by local government, laying the groundwork for re-energizing this vital corridor in uptown Charlotte.
2017: The Foundation surpasses the $2.5 billion mark in charitable assets, while setting a record with more than $419 million issued through nearly 29,000 grants.
At the end of 2019 the Endowment’s assets totaled nearly $17 billion, which will be used to benefit future generations.
2019: The Foundation's campaign to raise $50 million from the private sector comes to a close in summer with a $6 million commitment from Novant Health, which pushes the fund past its goal to finish at $53 million.
Securing “Aaa/AAA” ratings for its $700 million of Series 2020 Taxable Bonds by Moody’s and S&P.
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