Bryan Foundation Inc Co First Citizens
Bryan Foundation Inc Co First Citizens is a private foundation based in Raleigh, North Carolina. Its 2025 grants went to North Carolina educational institutions and included scholarships, school capital support, and endowment funding.
Bryan Foundation Inc Co First Citizens at a glance
In short: Bryan Foundation Inc Co First Citizens gave $700K across 7 grants in 2025 (avg $100K), mostly in North Carolina. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $700,000
- +10.2% vs 2024
- Grants made (2025)
- 7
- -12.5% vs 2024
- Average grant
- $100,000
- +26.0% vs 2024
- Median grant
- $45,000
- Total assets
- $5,718,434
- -4.5% vs 2024
- Primary geography
- North Carolina (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
How to apply to Bryan Foundation Inc Co First Citizens
- How to Apply
-
The foundation does not restrict giving to preselected organizations. The filing lists a written request to William H Bryan and restricts awards to North Carolina educational institutions.
- Review Cycle
- Prior to January 31.
- Deadline
- Prior to January 31.
- Contact
Application contact: William H Bryan
Mailing address: PO Box 29522, Raleigh, NC 27626
Phone: (919) 755-7422
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Bryan Foundation Inc Co First Citizens funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2025
The largest 2025 recipient was North Carolina Community of North Foundation ($330K). Together the top 6 received $655K.
Organizations only. It also paid 1 individual scholarship ($45,000), which are not listed by name.
Grant Size Distribution
36 grants across all recorded years
The most common grant size was under $50K: 22 grants of 36 (61%).
Geographic Focus
Where this funder awards grants
All grant dollars reported for 2025 went to recipients in North Carolina. The foundation’s stated award restriction is North Carolina educational institutions.
Grant Distribution by State
Share of 2025 grant dollars across all 7 itemized grants.
States
Cities
How Bryan Foundation Inc Co First Citizens gives
- Giving grew 63% from 2022 to 2025. Method
- In 2025 it paid out 101% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $400K (2021) to $700K (2025). In 2025 it made 7 grants totaling $700K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| North Carolina Community of North Foundation Raleigh, NC | Endowment Funds for | $330,000 |
| University of Mount Olive Olive, NC | Scholarships for Students | $125,000 |
| Campbell University Raleigh, NC | Scholarships for Students | $100,000 |
| 1 individual scholarship Recipients not named | — | $45,000 |
| Hobbton High School Newton Grove, NC | Scholarships for High | $40,000 |
| St Mary's School Raleigh, NC | Capital Campaign | $40,000 |
| Independent College Fund Carolina Raleigh, NC | Scholarships for North | $20,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $5,718,434 | $488,722 | $759,708 | $700,000 | 7 | $700,723 | $434,864 | $694,424 |
| 2024 | $5,989,812 | $859,953 | $702,137 | $635,000 | 8 | $635,585 | $803,867 | $591,503 |
| 2023 | $5,833,786 | $894,080 | $490,764 | $430,000 | 7 | $441,300 | $852,079 | $455,593 |
| 2022 | $8,348,718 | $599,716 | $495,693 | $430,000 | 7 | $438,725 | $553,553 | $484,318 |
| 2021 | $10,433,222 | $469,170 | $449,858 | $400,000 | 7 | — | $426,301 | $439,133 |
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.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2025 grants show support for educational institutions, including schools, colleges, and a community foundation.
Among its grantees, the University of Mount Olive describes itself as a Christian faith-based, values-centered private institution rooted in the liberal arts. Campbell University says it prepares students for purposeful lives and meaningful service, informed by its Baptist heritage. An individual recipient Day School describes its work as challenging and nurturing students and preparing them for college and beyond.
Grantmaking
In 2025, the foundation awarded 7 grants totaling $700,000. Grant amounts ranged from $20,000 to $330,000, with a median of $45,000. The largest awards were $330,000 to North Carolina Community of North Foundation for endowment funds, $125,000 to the University of Mount Olive for student scholarships, and $100,000 to Campbell University for student scholarships. Other grants went to an individual recipient Day School ($45,000 for scholarships), Hobbton High School ($40,000 for scholarships), St Mary’s School ($40,000 for a capital campaign), and Independent College Fund Carolina ($20,000 for North Carolina scholarships).
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists William H Bryan as president, James M Kee Zealy Jr as vice president, and Frank Holding Jr as secretary.
Bryan Foundation Inc Co First Citizens is led by William H Bryan, President on every filing since 2021; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
William H Bryan
President
On filings since 2021
1 hr/week
No compensation reported
Frank Holding Jr.
Secretary
On filings since 2021
1 hr/week
No compensation reported
James M Kee Zealy Jr.
Vice President
On filings since 2021
1 hr/week
No compensation reported
Former officers (1)
- Former: First Citizens Bank Trust Company (2021–2022) — Trustee
Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Bryan Foundation Inc Co First Citizens
How much does Bryan Foundation Inc Co First Citizens give each year?
Bryan Foundation Inc Co First Citizens gave $700K across 7 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $635K across 8 grants.
What is Bryan Foundation Inc Co First Citizens's typical grant size?
Bryan Foundation Inc Co First Citizens's median grant in 2025 was $45,000, and its average grant was $100,000, across 7 grants on its 2025 IRS Form 990-PF.
Where does Bryan Foundation Inc Co First Citizens give grants?
Bryan Foundation Inc Co First Citizens gives mostly in North Carolina: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Raleigh, NC (4 grants).
Does Bryan Foundation Inc Co First Citizens give general operating support?
Not in 2025: none of the 7 grants with a stated purpose on Bryan Foundation Inc Co First Citizens's 2025 IRS Form 990-PF were described as general or operating support.
Who are Bryan Foundation Inc Co First Citizens's largest grantees?
Bryan Foundation Inc Co First Citizens's largest 2025 grantees include North Carolina Community of North Foundation ($330,000), University of Mount Olive ($125,000) and Campbell University ($100,000), according to its 2025 IRS Form 990-PF. It also paid 1 individual scholarship ($45,000), which are not listed by name. Together they received 79% of its itemized 2025 grant dollars.
How large is Bryan Foundation Inc Co First Citizens?
Bryan Foundation Inc Co First Citizens reported $5.7M in total assets on its 2025 IRS Form 990-PF. It paid out $701K in qualifying distributions that year, against a required minimum of $694K (roughly 5% of its investment assets).
What does Bryan Foundation Inc Co First Citizens fund?
No mission statement for the foundation is provided. Its 2025 grants show support for educational institutions, including schools, colleges, and a community foundation. See mission & focus areas ↑
How do I apply for a grant from Bryan Foundation Inc Co First Citizens?
The foundation does not restrict giving to preselected organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2025
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