Stewardship & Structure

At the Carver Foundation, stewardship begins with reverence. We believe what is placed in our care carries weight financially, ethically, and spiritually. Our governance framework is rooted in three enduring values:

Transparency

Clear disclosures, open records, and accessible communication.

Accountability

Board-led oversight, strict financial controls, and third-party validation.

Continuity

Long-term thinking, succession clarity, and structures designed to last.

Governance in Practice

The Carver Foundation operates under a governing board of directors responsible for ensuring all operations reflect the mission, meet regulatory standards, and fulfill fiduciary duties with integrity.

Board Leadership

Our Board of Directors provides independent oversight and strategic guidance through:

Regular quarterly meetings and annual retreats
Review and approval of all major initiatives
Ongoing education in nonprofit best practices
Strategic planning and succession oversight

Financial Integrity

We maintain rigorous financial controls and transparency on each operation of the foundation through:

Annual audits by independent CPA firms
Detailed conflict of interest policies
Internal procedures for all disbursements
Quarterly financial reviews and reporting

Board members serve as stewards, ownership is G-d's alone. Each decision is made with the next generation in mind.

Financial Stewardship

Integrity in finances is non-negotiable. The Foundation's books are reviewed quarterly and audited annually. We publish a Year-End Impact Report and maintain full documentation of:

Operating Transparency

Operating budgets and program allocations
Administrative cost thresholds (kept below sector benchmarks)

Investment Strategy

Investment and reserve strategies aligned with long-term sustainability
Donor intent protections for restricted gifts

Legal & Regulatory Standing

The Carver Foundation is a nonprofit organization with 501(c)(3) status pending with the Internal Revenue Service. Upon approval, all contributions will be tax-deductible to the extent permitted by law.

Letter of Determination

Registered with the United States Internal Revenue Service.

EIN

Tax Identification Number

39-5098838

State Registration

Registered with the South Carolina Secretary of State.

We maintain compliance with all federal and state reporting requirements, charitable solicitation laws, and donor privacy protections.

Safeguarding Donor Trust

Trust is built in detail. We take seriously our responsibility to preserve donor confidence through:

Security & Privacy

Secure donation platforms with PCI-compliant processing
Donor communication policies that respect privacy and intention

Accountability & Reporting

Zero tolerance for misuse, diversion, or exploitation of funds
Careful reporting on gift usage, impact, and outcomes

Whether you give $5 or $5 million, you are joining something enduring. Your trust is earned, carefully and continually, held in great honor and confidence.

Ethical Commitments

We hold ourselves to a higher standard not simply because it is expected, but because it is right.

Core Principles

Our foundation operates under strict ethical guidelines:

We do not engage in political campaigning or lobbying activities.
We do not endorse commercial products or third-party investments for personal gain.
We do not sell, trade, or share donor information with third parties.
We maintain strict separation between foundation assets and personal or business interests.

Transparency in Leadership

When foundation leadership includes family members or closely related parties, we ensure enhanced transparency through:

Independent board majority requirement ensuring unbiased and ethical governance in operations
External audit requirements for all operations
Public disclosure of all compensation arrangements

Financial Oversight

Every financial decision undergoes rigorous review and independent verification:

All compensation arrangements subject to independent board review and market-rate analysis
Conflict of interest protocols ensure fair value and mission alignment
All financial transactions undergo independent audit and board oversight

This posture protects the work. It preserves the peace. And it honors the trust extended to us.

Explore Our Reports

Read our annual filings and learn how every gift shapes lasting impact.

Annual Disclosures Contact