Bryan Foundation Inc Co First Citizens
The Bryan Foundation Inc Co First Citizens is a private foundation incorporated in 1954 and based in Raleigh, North Carolina. Also known as the James E & Mary Z Bryan Foundation, it operates under the administration of First Citizens Bank Trust Department. The foundation is a 501(c)(3) organization with no employees.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$5.7M
-4.5% YoY
Annual Giving
$700K
+10.2% YoY
Grant Count
7
-12.5% YoY
Avg Grant Size
$100K
+26.0% YoY
Under IRS private-foundation payout rules, Bryan Foundation Inc Co First Citizens reported a distributable amount of $694K for 2025 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's purpose is to aid needy and worthy students who are residents of North Carolina through grants to trade schools, colleges, or universities, with support also extended to secondary schools. The foundation's grantmaking concentrates on education, with a particular focus on North Carolina educational institutions, including a noted emphasis on Hobbton High School.
Grantmaking
Recent grants include:
Grant Range
$10,000–$330,000
Average Grant
$60,000–$61,000
Review Cycle
Prior to January 31
How to Apply
**
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Geographic Focus
Where this funder awards grants
The foundation restricts its grantmaking to North Carolina, with grant recipients concentrated throughout the state.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of Fiscal Year 2025:
- Total Assets: $5,718,434
- Total Revenues: $488,722
- Total Expenses: $759,708
- Investment Income and Dividends: $184,122
As of Fiscal Year 2024:
- Investment Income and Dividends: $178,230
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $5,718,434 | $5,989,812 | $5,833,786 |
| Revenue | $488,722 | $859,953 | $894,080 |
| Expenses | $759,708 | $702,137 | $490,764 |
| Qualifying Distributions | $700,723 | $635,585 | $441,300 |
| Net Investment Income | $434,864 | $803,867 | $852,079 |
| Distributable Amount | $694,424 | $591,503 | $455,593 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2025
Grant Size Distribution
36 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest include North Carolina Community of North Foundation ($330,000), University of Mount Olive ($125,000), Campbell University ($100,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CAMPBELL UNIVERSITY RALEIGH, NC | SCHOLARSHIPS FOR STUDENTS | $100,000 |
| HOBBTON HIGH SCHOOL NEWTON GROVE, NC | SCHOLARSHIPS FOR HIGH | $40,000 |
| INDEPENDENT COLLEGE FUND CAROLINA RALEIGH, NC | SCHOLARSHIPS FOR NORTH | $20,000 |
| NORTH CAROLINA COMMUNITY OF NORTH FOUNDATION RALEIGH, NC | ENDOWMENT FUNDS FOR | $330,000 |
| ST MARY'S SCHOOL RALEIGH, NC | CAPITAL CAMPAIGN | $40,000 |
| UNIVERSITY OF MOUNT OLIVE OLIVE, NC | SCHOLARSHIPS FOR STUDENTS | $125,000 |
| WAYNE COUNTRY DAY SCHOOL GOLDSBORO, NC | SCHOLARSHIPS FOR WAYNE CNTY | $45,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
- William H. Bryan – Trustee
- James M. Zealy – Trustee
- Walter Reed – Director
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| William H Bryan | PRESIDENT | 1 | — |
| James M Kee Zealy JR | VICE PRESIDENT | 1 | — |
| Frank Holding JR | SECRETARY | 1 | — |
Contact Information
- Phone: 919-716-2669
- Address: PO Box 29522, Raleigh, NC 27626-0522
- EIN: 56-6034567
- IRS Ruling Year: 1959
Frequently Asked Questions
What does Bryan Foundation Inc Co First Citizens fund?
The foundation's purpose is to aid needy and worthy students who are residents of North Carolina through grants to trade schools, colleges, or universities, with support also extended to secondary schools. The foundation's grantmaking concentrates on education, with a particular focus on North Carolina educational institutions, including a noted emphasis on Hobbton High School.
How do I apply for a grant from Bryan Foundation Inc Co First Citizens?
**Grant Characteristics:** • Typical grant range: $10,000–$330,000 • Median grant: $35,000 • Average grant: $60,000–$61,000 • Smallest recent grant: $15,000 • Largest recent grant: $225,000 **Recent Grant Activity:** Recent grants include: • Northwest NC Community Foundation: $330,000 (Endowment Funds) • University of Mount Olive: $125,000 (Scholarships for Students) • Campbell University: $100,000 (Scholarships for Students) Total giving in fiscal year 2025 was $700,000. Annual giving has show…
Where does Bryan Foundation Inc Co First Citizens make grants?
The foundation restricts its grantmaking to North Carolina, with grant recipients concentrated throughout the state.
What size grants does Bryan Foundation Inc Co First Citizens award?
In 2025, Bryan Foundation Inc Co First Citizens awarded 7 grants totaling $700K — an average of about $100K per grant, based on its IRS Form 990 filings.
How much is Bryan Foundation Inc Co First Citizens required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Bryan Foundation Inc Co First Citizens reported a distributable amount of $694K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Bryan Foundation Inc Co First Citizens's EIN?
Bryan Foundation Inc Co First Citizens's EIN (Employer Identification Number) is 56-6034567. IRS Form 990 filing data is available on this page for 2021–2025.
Explore Open Grants
Browse active grant opportunities in Bryan Foundation Inc Co First Citizens's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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