The Charlotte-based Foundation for the Carolinas again ranks among the top U.S. nonprofits, according to a list released Thursday.
The foundation ranks 28th on the Philanthropy 400 list from The Chronicle of Philanthropy, which ranks charities based on how much they’ve raised in private support. The foundation raised about $628 million from private sources in fiscal year 2014.
A year ago, the foundation was ranked 77th on the charities list. It raised about $288 million in fiscal year 2013.
“It’s a testimony to the generosity of this region,” Michael Marsicano, Foundation for the Carolinas’ president and CEO, said of the gain in giving.
Marsicano said several factors explain the increase, including the recognition of need across the foundation’s 13-county region, asset gains by some individuals. Two new foundations also were created, which allow people to donate pieces of their family-owned businesses and real estate, he said.
Foundation for the Carolinas manages $1.7 billion in charitable assets across the 13 counties. In 2014, $316 million was distributed to nonprofits, including education, human services, arts and culture and environmental organizations and religious institutions.
The foundation was recognized as one of five fast-growing “rising stars” among nonprofits on the “Philanthropy 400” list. Overall, it has moved up 248 spots since first appearing on the top charities list in 1991, the fifth-highest gain, the Chronicle said.
Making the list for the first time was Charlotte-based Second Harvest Food Bank of Metrolina at No. 335. The food bank raised nearly $78 million from private sources.
In all, 13 charities from the Carolinas made the “Chronicle of Philanthropy” ranking. Charlotte-based Bank of America’s Charitable Gift Fund was ranked No. 96.
The United Way tops the Philanthropy 400 list with $3.87 billion raised in fiscal year 2014, according to the Chronicle. Overall, it said private support for all charities on the list grew by 5.1 percent.
On the list are these 13 foundations and organizations from the Carolinas:
▪ Foundation for the Carolinas, ranked 28th.
▪ Samaritan’s Purse, 42nd.
▪ Duke University, 48th.
▪ UNC-Chapel Hill, 79th.
▪ Bank of America Charitable Gift Fund, 96th.
▪ N.C. State University, 225th.
▪ University of South Carolina at Columbia, 229th.
▪ Christian Blind Mission International, 275th.
▪ Food Bank of Central & Eastern North Carolina, 279th.
▪ Wake Forest University, 286th.
▪ Billy Graham Evangelistic Association, 288th.
▪ Ipas, 307th.
▪ Second Harvest Food Bank of Metrolina, 335th.
Source: The Chronicle of Philanthropy