CarolinaEast Foundation
CarolinaEast Foundation is a 501(c)(3) nonprofit foundation established in 1996 that operates as the philanthropic arm of CarolinaEast Health System, providing patient assistance, healthcare grants, and nursing/ancillary scholarships across a five-county service area in Eastern North Carolina, with operating expenses fully covered by the parent health system.
- Company typePrivate
- Founded1996
- HeadquartersNew Bern, United States
- Headcount1–10
- GTM typeB2C
- OfferingServices
What CarolinaEast Foundation does
CarolinaEast Foundation is a 501(c)(3) nonprofit organization established in 1996 and headquartered in New Bern, North Carolina, that operates as the integrated philanthropic arm of CarolinaEast Health System. Originally founded as the Craven Regional Medical Center Foundation, it was renamed and fully integrated with the health system in 2010, at which point the health system began covering 100% of the foundation's operating expenses to ensure all donated funds flow directly to community healthcare programs. The foundation serves a five-county service area in Eastern North Carolina (Craven, Jones, Pamlico, Carteret, and Onslow), supporting patients with unmet healthcare needs, local nonprofit healthcare organizations, and nursing and ancillary healthcare students.
The foundation's core programs include a Patient Assistance Program (gas cards, prescriptions, medical supplies), a Grants Program funding regional nonprofits, nursing and ancillary services scholarships (Joseph Hageman, Robert and Beatrice Honnet, David Elliott, Ray Leggett awards), the Post Overdose Response Team (PORT), 3,500+ Named Funds directed at specific causes, and the Guardian Angel grateful-patient recognition program. Fundraising is executed through annual events including the Craven Cancer Classic Golf Tournament, Journey of Hope Golf Tournament, Breakfast with Santa, New Bern Fluff Cup, and the Color Run, supplemented by employee giving campaigns, the annual Doctors' Day campaign, online donations, and direct community outreach via newsletters and social media.
The business model is a donations-and-contributions model in which the foundation raises funds from individuals, employees of the parent health system, corporate donors, and event participants, then redistributes them as grants, scholarships, and direct patient assistance. The foundation has 1–10 employees, is governed by a community Board of Directors (chaired by Scott Griggs), and operates without equity ownership or external capital. Its value proposition is anchored on the structural subsidy from the health system (zero overhead from donations), long-standing community relationships built over nearly three decades, and the credibility associated with affiliation to a regional health system.
CarolinaEast Foundation firmographics
Firmographics- Name
- CarolinaEast Foundation
- Legal name
- CarolinaEast Foundation
- Website
- https://carolinaeastfoundation.com
- Company type
- Private
- Founded year
- 1996
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- CarolinaEast Foundation is a 501(c)(3) nonprofit foundation established in 1996 that operates as the philanthropic arm of CarolinaEast Health System, providing patient assistance, healthcare grants, and nursing/ancillary scholarships across a five-county service area in Eastern North Carolina, with operating expenses fully covered by the parent health system.
- Ownership category
- akta.pro rank
CarolinaEast Foundation industry classification
Industry- Product category
- Healthcare Foundation Philanthropy
- NAICS
- Voluntary Health Organizations (813212), Grantmaking Foundations (813211)
- SIC
- Services-Social Services (8300)
- akta.pro primary industry
- Community Foundations (BPAGAKAB)
- akta.pro secondary industry
- Health & Medical Research Grantmaking Foundations (BPAGAKAL)
Keywords
Where CarolinaEast Foundation is headquartered
LocationHeadquarters
- HQ city
- New Bern
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
CarolinaEast Foundation business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Others
Revenue model
- Donations and Contributions: The foundation receives donations from community businesses, individual donors, and through Named Funds established by donors. 100% of employee campaign dollars are dedicated to directly serving healthcare needs of local communities.
- Healthcare Grants: Provides financial assistance through grants to local nonprofit programs that meet healthcare needs in the region, including patient assistance programs, nursing scholarships, and community health initiatives.
- Community Events: Raises funds through community events including Breakfast With Santa, Craven Cancer Classic Golf Tournament, The Color Run, Nursing Appreciation Dinner, and Journey of Hope Golf Tournament.
Distribution channels4 records
Marketing channels5 records
CarolinaEast Foundation product offering
Product offeringCore offering
CarolinaEast Foundation is a 501(c)(3) nonprofit foundation that raises charitable contributions and distributes them through three core programs: a Patient Assistance Program providing financial aid for transportation, prescriptions, and medical supplies to individuals facing healthcare hardship; a Grants Program funding nonprofit healthcare organizations across five Eastern North Carolina counties; and Nursing and Ancillary Services Scholarships supporting students pursuing healthcare careers. The Foundation operates as an integrated arm of CarolinaEast Health System, which covers 100% of operating expenses so all donor dollars directly fund community healthcare needs.
Product overview
The CarolinaEast Foundation is a 501(c)(3) nonprofit foundation established in 1996 (originally as Craven Regional Medical Center Foundation) that supports the CarolinaEast Health System and community healthcare needs. The foundation operates as a unified charitable organization offering multiple interconnected programs: financial assistance through the Patient Assistance Program; educational support via nursing and ancillary services scholarships (Joseph Hageman, Robert and Beatrice Honnet, David Elliott, and Ray Leggett scholarships); community health funding through its Grants Program supporting local nonprofits; and specialized initiatives including PORT for opioid response, Named Donation Funds for specific causes, and the Guardian Angel recognition program. The foundation also organizes fundraising events including the Craven Cancer Classic, Journey of Hope Golf Tournament, Breakfast with Santa, and the New Bern Fluff Cup. All operating expenses are covered by CarolinaEast Health System, enabling 100% of donations to directly support community healthcare needs across Craven, Jones, Pamlico, Carteret, and Onslow counties.
Differentiator
Problem solved
Functional benefit
Products and services
- Patient Assistance Program
Quantifiable outcome
- $410,641 raised in 2024 employee campaign
- +2 more outcomes
Companies that use CarolinaEast Foundation
Customer profileNamed customers1 record
Segments4 records
Ideal customer profiles4 records
CarolinaEast Foundation technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
CarolinaEast Foundation partnerships and signals
Strategic signalPartnerships
29 partnerships are on record, tiered minor and core.
- Crystal Coast Autism CenterminorGrant for adolescent social skills class for children on the Autism spectrum or with other developmental disabilities.
- Loaves and Fishes of BeaufortminorGrant for scholarships for men struggling with substance abuse disorder.
- The MirlAMminorGrant for scholarships for women struggling with substance abuse disorder.
- United Worship CenterminorGrant for faith-based residential program for men in substance abuse recovery.
- Backpack Blessings, Inc.minorGrant for summer feeding and high school nutrition programs for children with food insecurity at home.
- The Bike Box ProjectminorGrant for exercise program for individuals with Parkinson's disease.
- Catholic CharitiesminorGrant for Senior Pharmacy Program for low-income seniors ages 60 and older.
- Eastern Pregnancy Information ClinicminorGrant for equip education program to train young parents to become independent.
- Hope ClinicminorGrant for medical care and opioid/alcohol addiction treatment program.
- Mile of Hope FoundationminorGrant for event-filled weekend escape for children and their families facing cancer.
- SECU Family House at UNC HospitalminorGrant to provide affordable housing for patients and caregivers who travel to UNC Hospitals, serving the five-county service area.
- Uptown Business and Professional AssociationminorGrant for healthcare needs, health education and training for individuals living in the Greater Five Points and Duffyfields Community.
- Craven County Senior ServicesminorFoundation awarded $78,600 grant to support Sunshine Center Respite Program providing temporary relief to caregivers caring for loved ones with Alzheimer's disease and other neurological disorders.
- Craven Literacy CouncilminorGrant funding for mock medical clinic for students to integrate health literacy into lessons.
- Don Lee Camp and RetreatminorGrant funding for camp scholarships to children and teens with cancer, hemophilia, sickle cell, or other blood disorders to attend Camp Rainbow and Camp Hope.
- MERCI ClinicminorGrant for electronic health records technology upgrade.
- NC Dental Health Fund - Craven CountyminorFunding for NC Mission of Mercy-Craven Co., a free dental program serving dental needs of the uninsured and underinsured of Eastern NC.
- Neuse Neighbors NetworkminorGrant to assist with recruiting and training volunteers to provide support for persons over 50 to allow them to remain living independently in their homes.
- Neuse Pamlico Sound Women's CoalitionminorFunding to sponsor children with sickle cell disease to attend a week-long program at Camp Hope.
- Promise PlaceminorGrant for trauma-focused therapy and childhood sexual assault prevention education.
- Religious Community Services (RCS)minorGrant for medical-related expense assistance program for local families in need.
- Reviving Lives Ministries of New BernminorGrant for faith-based 12-step residential recovery program for substance abuse.
- Ronald McDonald House of Eastern NCminorGrant to help cover a portion of the cost of a family's stay at the Ronald McDonald House for patients from the five-county service area.
- True Justice InternationalminorGrant for therapy for those who may have been trafficked and experienced severe trauma.
- Twin Rivers YMCAminorGrant for 3rd and 4th grade water safety program and spring swim lessons.
- Craven County Post Overdose Response Team (PORT)coreCollaborative post-overdose response team that allows agencies to visit individuals who experienced an overdose within 24-72 hours. Provides support, education, and access to evidence-based treatment such as medication for opioid use disorder (MOUD) and other life-saving resources.
- CarolinaEast Health SystemcoreThe foundation is an integrated arm of CarolinaEast Health System. The health system covers 100% of the Foundation's operating expenses, allowing all donations to go directly to community healthcare needs. The foundation provides financial support to the health system.
- SECU Comprehensive Cancer CentercoreThe foundation supports the SECU Comprehensive Cancer Center at CarolinaEast Medical Center through various fundraising initiatives, patient support programs, and named funds.
- Craven Community CollegeminorPartner in nursing education through scholarships and support for students pursuing healthcare careers in the region.
Scale indicators5 records
Recent moves8 records
Expansion highlights6 records
CarolinaEast Foundation competitors and assessment
Company assessmentBroad incumbents
- Cone Health Foundation: Independent NC-based health-focused foundation supporting patient access, workforce development, and community health initiatives. Comparable mission and program emphasis, though operated as a freestanding community foundation rather than system-integrated.
- Duke Health Foundation: Major academic health-system foundation supporting patient care, research, and scholarships. Same core foundation-of-a-health-system model but operates at vastly greater scale and includes research-grantmaking.
- Bon Secours Mercy Health Foundation: Faith-based health system foundation with patient assistance, nursing workforce programs, and community grants. Comparable portfolio with a stronger religious-affiliation dimension.
- Atrium Health Foundation: Large multi-state health-system foundation running nursing scholarships, employee campaigns, and patient assistance. Comparable program architecture but at substantially larger geographic and financial scale.
- Sentara Healthcare Foundation: Philanthropic arm of a large multi-hospital system with grants, scholarships, and community health programs. Similar integrated-foundation model but serves Virginia/North Carolina urban and suburban markets at much greater scale.
- Novant Health Foundation: Foundation arm of a large multi-state health system running employee campaigns, nursing scholarships, and named funds. Comparable governance model and program mix but operates at significantly larger scale across urban markets.
Regional players
- Mission Health Foundation (HCA): Foundation supporting a Western NC regional health system with comparable community-benefit and workforce-development programs. Useful comp for a system-affiliated foundation operating in a single rural region.
Direct peers
- UNC Rex Healthcare Foundation: Foundation of UNC Rex Hospital running scholarships, grants, and capital campaigns tied to a regional health system. Highly comparable model with system-covered operating expenses and community grantmaking focus.
- WakeMed Foundation: Hospital-affiliated foundation in North Carolina offering nursing scholarships, patient assistance, and community health grants. Operates similar program portfolio with comparable funding mechanisms including events, named funds, and employee giving.
- ECU Health Foundation (formerly Vidant Health Foundation): Philanthropic arm of ECU Health, the other dominant Eastern North Carolina health system. Directly comparable as a regional hospital-affiliated foundation raising funds for patient assistance, nursing scholarships, and community health grants across a similar multi-county rural service area.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
CarolinaEast Foundation social profiles
Digital presenceCarolinaEast Foundation compliance and trust
Trust signalCompliance1 record
CarolinaEast Foundation financial estimates
Financial estimateRevenue estimate
Valuation estimate
CarolinaEast Foundation leadership team
Management profileNumber of profiles
Profiles23 records
CarolinaEast Foundation funding detail
Funding detailFunding overview
Funding rounds
Investors
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CarolinaEast Foundation M&A and investment
M&A and investmentM&A
Investments
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Frequently asked questions about CarolinaEast Foundation
What does CarolinaEast Foundation do?
CarolinaEast Foundation is a 501(c)(3) nonprofit foundation that raises charitable contributions and distributes them through three core programs: a Patient Assistance Program providing financial aid for transportation, prescriptions, and medical supplies to individuals facing healthcare hardship; a Grants Program funding nonprofit healthcare organizations across five Eastern North Carolina counties; and Nursing and Ancillary Services Scholarships supporting students pursuing healthcare careers. The Foundation operates as an integrated arm of CarolinaEast Health System, which covers 100% of operating expenses so all donor dollars directly fund community healthcare needs.
Is CarolinaEast Foundation a public or private company?
CarolinaEast Foundation is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was CarolinaEast Foundation founded?
CarolinaEast Foundation was founded in 1996. It employs 1 to 10 people.
Where is CarolinaEast Foundation based?
CarolinaEast Foundation is headquartered in New Bern, United States, in the North America region.
How does CarolinaEast Foundation make money?
Three revenue lines are on record. Donations and Contributions are the primary driver. The others are healthcare Grants and community Events.
Who are CarolinaEast Foundation's main competitors?
Broad incumbents on record are Cone Health Foundation, Duke Health Foundation, Bon Secours Mercy Health Foundation, Atrium Health Foundation, Sentara Healthcare Foundation and Novant Health Foundation. Mission Health Foundation (HCA) is listed as a regional player. Direct peers are UNC Rex Healthcare Foundation, WakeMed Foundation and ECU Health Foundation (formerly Vidant Health Foundation).
Does CarolinaEast Foundation have an API?
No public API is recorded for CarolinaEast Foundation.
What industry is CarolinaEast Foundation in?
CarolinaEast Foundation's product category is Healthcare Foundation Philanthropy. Its primary akta.pro industry code is BPAGAKAB, Community Foundations, with a secondary code of BPAGAKAL, Health & Medical Research Grantmaking Foundations. Its NAICS code is 813212 and its SIC code is 8300.