One of the Carolinas most generous foundations, The Sisters of Mercy of North Carolina Foundation, has named Michelle Maidt as its new president and CEO.
Maidt will take over a Belmont-based organization that gives away more than $5 million annually.
Dozens of charities have benefitted, most of them in Mecklenburg, Gaston and Union counties of North Carolina and York County in South Carolina.
Maidt succeeds Edward Schlicksup Jr., who will retire on March 31. He co-founded the organization and has been CEO since June, 1995, when it was created by a community of nuns, the Sisters of Mercy of North Carolina.
The basis for the foundation is $115 million the nuns netted from the sale of Charlottes Mercy Health Services in 1995.
Maidt is currently the principal of Carnegie Capital Advisors, an investment advisory firm she co-founded to serve insurance companies, nonprofits and high-net-worth individuals.
Her nonprofit service includes time on the foundations board and the boards of the Girl Scouts, Hornets Nest Council and WFAE.
Since 1996, the Sisters of Mercy of North Carolina Foundation has awarded 1,329 grants totaling more than $59 million.