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: Verified by RoundPaper

FY 2023

Verified NonprofitLast Filed 2023EIN 20-0946449

Charlotte Hornets Foundation Inc

Charlotte, NCNTEE: T12Founded 2004Website

mission statement

The foundation supports the enrichment of those in need, especially (continued in SCH o) children, in the charlotte area through community outreach and supporting other orgs with similar goals.

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Total Revenue

$655K

FY 2023

Program Spending

99.2%

of total expenses

Known Funders

2019–2025 filings

Key Metrics (FY 2023)

The Numbers

$1.6M

Total Assets

$982K net

9.3 mo

Operating Reserves

FY 2023

Active Programs

FY 2023

Sector

NTEE T12

Funding Track Record

Backed by 21 Institutional Funders

$1.3M raised across 41 grants (2019–2025 filings)

Funder Geography

Funders across 13 states (2019–2025 filings)

Institutional Funding by Year

PaidCommittedBoth

Funder	Location	Total Awarded
Fidelity Investments Charitable Gift Fund	BOSTON, MA	$314,500
The Chris and Carrie Shumway Foundation	NEW YORK, NY	$200,000
Foundation for the Carolinas	CHARLOTTE, NC	$180,050
National Philanthropic Trust	JENKINTOWN, PA	$100,000
Charities Aid Foundation America	ALEXANDRIA, VA	$100,000
The Jvz Foundation	NEW YORK, NY	$60,135
Live Love Serve Foundation	CHARLOTTE, NC	$50,000
Hendrick Family Foundation	CHARLOTTE, NC	$46,000
Acn Global Reach Charities Inc	CONCORD, NC	$30,000
National Foundation for Affordable Housing Solutions Inc	NORTH BETHESDA, MD	$30,000

Total tracked: $1,292,095 across 41 grants (2019–2025 filings)

Totals reflect grants as reported on funder tax returns. Timing may not match recipient revenue: funder and recipient fiscal years often differ, and grants paid by a funder in one year may be recognized by the recipient in a different year.

Programs (FY 2023)

What They Do

$1.3M in expenses

Generally, the foundation used its relationship with the players, coaches, and management of the charlotte hornets nba team as a platform to raise funds and drive awareness about the importance of education, health and fitness, military care and hunger. Grant makinggrant making was the foundation's way of demonstrating and displaying the foundation's commitment to the priorities of the organization and community it serves. The foundation uses its community contacts to identify programs that have the largest impact to the foundation's mission. Grants to the foundation for the carolinas, the military's independence fund, the angels and sparrows' (continued in SCH o)food assistance program, the nest academy, and the YMCA.

Financial History