CarolinaEast Foundation

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.

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

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

• Healthcare grants
• Nursing scholarships
• Patient assistance
• Community fundraising
• Nonprofit foundation

Headquarters

HQ city

New Bern

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. 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.
2. 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.
3. 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

Core 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

Named customers1 record

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

29 partnerships are on record, tiered minor and core.

• Crystal Coast Autism CenterminorStrategic or Co-development Partner · 5 February 2020Grant for adolescent social skills class for children on the Autism spectrum or with other developmental disabilities.
• Loaves and Fishes of BeaufortminorStrategic or Co-development Partner · 5 February 2020Grant for scholarships for men struggling with substance abuse disorder.
• The MirlAMminorStrategic or Co-development Partner · 5 February 2020Grant for scholarships for women struggling with substance abuse disorder.
• United Worship CenterminorStrategic or Co-development Partner · 5 February 2020Grant for faith-based residential program for men in substance abuse recovery.
• Backpack Blessings, Inc.minorStrategic or Co-development Partner · 28 August 2019Grant for summer feeding and high school nutrition programs for children with food insecurity at home.
• The Bike Box ProjectminorStrategic or Co-development Partner · 28 August 2019Grant for exercise program for individuals with Parkinson's disease.
• Catholic CharitiesminorStrategic or Co-development Partner · 28 August 2019Grant for Senior Pharmacy Program for low-income seniors ages 60 and older.
• Eastern Pregnancy Information ClinicminorStrategic or Co-development Partner · 28 August 2019Grant for equip education program to train young parents to become independent.
• Hope ClinicminorStrategic or Co-development Partner · 28 August 2019Grant for medical care and opioid/alcohol addiction treatment program.
• Mile of Hope FoundationminorStrategic or Co-development Partner · 28 August 2019Grant for event-filled weekend escape for children and their families facing cancer.
• SECU Family House at UNC HospitalminorStrategic or Co-development Partner · 28 August 2019Grant to provide affordable housing for patients and caregivers who travel to UNC Hospitals, serving the five-county service area.
• Uptown Business and Professional AssociationminorStrategic or Co-development Partner · 28 August 2019Grant for healthcare needs, health education and training for individuals living in the Greater Five Points and Duffyfields Community.
• Craven County Senior ServicesminorStrategic or Co-development Partner · 8 May 2019Foundation 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 CouncilminorStrategic or Co-development Partner · 8 May 2019Grant funding for mock medical clinic for students to integrate health literacy into lessons.
• Don Lee Camp and RetreatminorStrategic or Co-development Partner · 8 May 2019Grant 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 ClinicminorStrategic or Co-development Partner · 8 May 2019Grant for electronic health records technology upgrade.
• NC Dental Health Fund - Craven CountyminorStrategic or Co-development Partner · 8 May 2019Funding for NC Mission of Mercy-Craven Co., a free dental program serving dental needs of the uninsured and underinsured of Eastern NC.
• Neuse Neighbors NetworkminorStrategic or Co-development Partner · 8 May 2019Grant 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 CoalitionminorStrategic or Co-development Partner · 8 May 2019Funding to sponsor children with sickle cell disease to attend a week-long program at Camp Hope.
• Promise PlaceminorStrategic or Co-development Partner · 8 May 2019Grant for trauma-focused therapy and childhood sexual assault prevention education.
• Religious Community Services (RCS)minorStrategic or Co-development Partner · 8 May 2019Grant for medical-related expense assistance program for local families in need.
• Reviving Lives Ministries of New BernminorStrategic or Co-development Partner · 8 May 2019Grant for faith-based 12-step residential recovery program for substance abuse.
• Ronald McDonald House of Eastern NCminorStrategic or Co-development Partner · 8 May 2019Grant 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 InternationalminorStrategic or Co-development Partner · 8 May 2019Grant for therapy for those who may have been trafficked and experienced severe trauma.
• Twin Rivers YMCAminorStrategic or Co-development Partner · 8 May 2019Grant for 3rd and 4th grade water safety program and spring swim lessons.
• Craven County Post Overdose Response Team (PORT)coreStrategic or Co-development PartnerCollaborative 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 SystemcoreStrategic or Co-development PartnerThe 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 CentercoreStrategic or Co-development PartnerThe foundation supports the SECU Comprehensive Cancer Center at CarolinaEast Medical Center through various fundraising initiatives, patient support programs, and named funds.
• Craven Community CollegeminorStrategic or Co-development PartnerPartner in nursing education through scholarships and support for students pursuing healthcare careers in the region.

Scale indicators5 records

Recent moves8 records

Expansion highlights6 records

Broad 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

• Xtwitter.com/carolinaeast1?lang=en
• YouTubeyoutube.com/channel/UCcyB8B5oyAwgZVrqUxsL4Jw
• Facebookfacebook.com/carolinaeasthealth
• LinkedInlinkedin.com/company/carolinaeast-foundation
• Instagraminstagram.com/carolinaeast1963

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles23 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CarolinaEast Foundation