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Coastal Community Foundation
Coastal Community Foundation is a foundation based in Charleston, US. It manages approximately $450 million in assets across four funds. Its focus is on North...
Coastal Community Foundation
Coastal Community Foundation is a foundation based in Charleston, US. It manages approximately $450 million in assets across four funds. Its focus is on North America.
General information
Firm type
Community Foundation
Year founded
1974
Location
Region
North America
Country
United States
City
North Charleston
Corporate office
1691 Turnbull Avenue, North Charleston, SC 29405, United States
Additional offices
2015 Boundary Street, Suite 215, Beaufort, SC 29902
Principals
Darrin Goss
President and CEO
Anita Zucker
Past President, Director, and major donor
Sector focus
Frequently asked questions
Who runs investment decisions at Coastal Community Foundation?
Darrin Goss serves as President and CEO and is the key executive overseeing both philanthropic and investment functions. The foundation's Place-Based Impact Investing portfolio operates under board-level oversight, and day-to-day investment committee decisions are made in consultation with external advisors and banking partners such as Truist and JPMorganChase, which have co-funded specific affordable housing initiatives.
How does Coastal Community Foundation source grants and impact investments?
The foundation sources opportunities through its nine-county geographic footprint in coastal South Carolina, working with community advisory boards in each region. Its Place-Based Impact Investing program identifies mission-aligned real estate and small-business deals via local partnerships, while its donor-advised funds allow individuals and families to recommend grants to IRS-qualified nonprofits within the foundation's tax-exempt umbrella.
What is the Place-Based Impact Investing program?
The PBII program directs a portion of Coastal Community Foundation's endowment corpus into mission-aligned investments — primarily affordable housing and local economic development projects — within South Carolina. Unlike traditional endowment allocations that seek only financial returns, PBII investments accept concessionary terms where the social return justifies below-market yield. Truist and JPMorganChase have partnered as grant co-funders alongside the foundation's own PBII deployment.
Does Coastal Community Foundation accept donor-advised funds?
Yes. The foundation administers donor-advised funds, designated funds, field-of-interest funds, and scholarship funds alongside its unrestricted community endowment. Donor-advised fund holders recommend grants to qualifying nonprofits; the foundation handles due diligence, distribution, and tax receipting. Supporting organizations such as the Frances P. Bunnelle Foundation and Saul Alexander Foundation operate under the Coastal Community Foundation umbrella.
How is Coastal Community Foundation related to the Rotary Club of Charleston?
The Rotary Club of Charleston founded the foundation in 1974 with an initial gift of $9,000. While the foundation operates independently as a 501(c)(3) public charity with its own board and staff, the founding relationship remains a historical anchor. The foundation now serves a donor base far broader than Rotary membership alone.
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