First Citizens Foundation Inc Co First
First Citizens Foundation Inc Co First is a private foundation based in Raleigh, North Carolina. Its 2025 filing reports grants to organizations in South Carolina, North Carolina, California, and Tennessee, with the largest share of grant dollars going to South Carolina.
First Citizens Foundation Inc Co First at a glance
In short: First Citizens Foundation Inc Co First gave $562K across 42 grants in 2025 (avg $13K), mostly in South Carolina. 50% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $561,750
- -15.9% vs 2024
- Grants made (2025)
- 42
- +13.5% vs 2024
- Average grant
- $13,375
- -26.0% vs 2024
- Median grant
- $10,000
- Total assets
- $12,509,404
- +1.0% vs 2024
- New grantees (estimate)
- 50% first-time grantees (21 of 42, 2025)
- Primary geography
- South Carolina (95% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to First Citizens Foundation Inc Co First
- How to Apply
-
Contact Peter Bristow and complete a request for grant form. The filing states there are no restrictions on awards.
- Review Cycle
- No restrictions.
- Deadline
- No restrictions.
- Contact
Application contact: Peter Bristow
Mailing address: 1230 Main Street, Columbus, SC 29201
Phone: (803) 733-2020
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who First Citizens Foundation Inc Co First funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was University of SC Educational Foundation ($100K). Together the top 10 received $312K.
Grant Size Distribution
192 grants across all recorded years
The most common grant size was under $50K: 183 grants of 192 (95%).
Geographic Focus
Where this funder awards grants
In 2025, the reported share of grant dollars by recipient state was South Carolina 95%, North Carolina 4%, California 1%, and Tennessee 1%. The percentages are reported as provided.
Grant Distribution by State
Share of 2025 grant dollars across all 42 itemized grants.
Cities
Is First Citizens Foundation Inc Co First open to new grantees?
50%
first-time grantees, 2025
In 2025, 21 of 42 grantees (50%) were first-time recipients. First grants averaged $9K; repeat grants $18K. How we count
Medians: $8K first-time, $10K repeat.
- 36% of 2025 grantees were also funded in 2024. Method
- Giving fell 27% from 2022 to 2025. Method
- In 2025 it paid out 75% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $562K (2025) to $798K (2021). In 2025 it made 42 grants totaling $562K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University of SC Educational Foundation Columbia, SC | General Purpose | $100,000 |
| Richland County School Columbia, SC | GRANT | $40,000 |
| Heathwood Hall Columbia, SC | General Purpose | $33,333 |
| Greenwood Genetic Center Greenwood, SC | GRANT | $30,000 |
| Columbia Musem of Art Columbia, SC | General Purpose | $25,000 |
| Charleston Symphony Charleston, SC | GRANT | $20,000 |
| Dorchester Heritage Center Saint George, SC | GRANT | $17,500 |
| United Way of Anderson County Anderson, SC | GRANT | $16,500 |
| Best NC Cary, NC | GRANT | $15,000 |
| Piedmont Technical College Fdn Greenwood, SC | GRANT | $15,000 |
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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 | $12,509,404 | $786,298 | $667,525 | $561,750 | 42 | $561,750 | $697,515 | $752,998 |
| 2024 | $12,384,864 | $872,092 | $761,614 | $668,333 | 37 | $668,333 | $786,818 | $702,198 |
| 2023 | $12,268,718 | $97,872 | $836,876 | $758,667 | 44 | $758,667 | $352,979 | $644,358 |
| 2022 | $13,014,023 | $-315,294 | $928,746 | $773,733 | 39 | $773,733 | $268,586 | $667,588 |
| 2021 | $14,269,141 | $2,986,099 | $905,203 | $797,833 | 30 | $797,833 | $2,894,670 | $740,642 |
| 2020 | $12,154,713 | $715,183 | $805,291 | $724,167 | 39 | — | $633,718 | $660,858 |
Under IRS private-foundation payout rules, First Citizens Foundation Inc Co First reported a distributable amount of $753K 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 grants show support for a range of organizations. For example, Greenwood Genetic Center describes its work as clinical genetic services, diagnostic laboratory testing, education, and research. Dorchester Heritage Center says it promotes public understanding of history by preserving significant artifacts and documents. United Way of Anderson County describes its mission as improving the community by identifying needs, securing resources, and driving action.
Other 2025 recipients include Charleston Day School, whose stated mission is to foster scholarship, integrity, respect, and responsibility in students; McLeod Health Foundation, which raises philanthropic and community support for medical excellence at McLeod Health; and Jasmine Road, which provides a residential program for adult women affected by sexual exploitation and addiction.
Grantmaking
In filing year 2025, the foundation made 42 grants totaling $561,750. Grant amounts ranged from $4,000 to $100,000, with a median of $10,000. Among the largest awards were $100,000 to University of SC Educational Foundation, $40,000 to Richland County School, $33,333 to Heathwood Hall, $30,000 to Greenwood Genetic Center, and $25,000 to Columbia Museum of Art.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Frank B. Holding Jr. as chairman and Peter Bristow as director.
First Citizens Foundation Inc Co First is led by Frank B. Holding Jr., Chairman on every filing since 2020; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Frank B. Holding Jr.
Chairman
On filings since 2020
1 hr/week
No compensation reported
Peter M. Bristow
Director
On filings since 2020
1 hr/week
No compensation reported
Former officers (2)
- Former: Hope H. Bryant (2020–2023) — Director
- Former: Craig L. Nix (2020–2022) — Treasurer
Data from IRS Form 990 filings, 2020–2025. "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 First Citizens Foundation Inc Co First
How much does First Citizens Foundation Inc Co First give each year?
First Citizens Foundation Inc Co First gave $562K across 42 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $668K across 37 grants.
What is First Citizens Foundation Inc Co First's typical grant size?
First Citizens Foundation Inc Co First's median grant in 2025 was $10,000, and its average grant was $13,375, across 42 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from First Citizens Foundation Inc Co First that year got $9K on average.
Where does First Citizens Foundation Inc Co First give grants?
First Citizens Foundation Inc Co First gives mostly in South Carolina: 95% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Columbia, SC (6 grants), Florence, SC (6 grants), Charleston, SC (4 grants) and Greenwood, SC (3 grants).
Does First Citizens Foundation Inc Co First give general operating support?
Yes: 29% of First Citizens Foundation Inc Co First's 2025 grants with a stated purpose (12 of 42) were for general or operating support, per its 2025 IRS Form 990-PF. Recurring purposes include "Grant" (30 grants).
Who are First Citizens Foundation Inc Co First's largest grantees?
First Citizens Foundation Inc Co First's largest 2025 grantees include University of SC Educational Foundation ($100,000), Richland County School ($40,000) and Heathwood Hall ($33,333), according to its 2025 IRS Form 990-PF. Together they received 31% of its itemized 2025 grant dollars.
How large is First Citizens Foundation Inc Co First?
First Citizens Foundation Inc Co First reported $12.5M in total assets on its 2025 IRS Form 990-PF. It paid out $562K in qualifying distributions that year, against a required minimum of $753K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What does First Citizens Foundation Inc Co First fund?
No mission statement for the foundation is provided. Its grants show support for a range of organizations. For example, Greenwood Genetic Center describes its work as clinical genetic services, diagnostic laboratory testing, education, and research. See mission & focus areas ↑
How do I apply for a grant from First Citizens Foundation Inc Co First?
Contact Peter Bristow and complete a request for grant form. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is First Citizens Foundation Inc Co First's EIN?
First Citizens Foundation Inc Co First's EIN (Employer Identification Number) is 57-1108547. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 4, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 12, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 10, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 13, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 8, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 11, 2026)
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Cite this profile
Grantable. (2026). First Citizens Foundation Inc Co First funder profile. GrantGraph. Retrieved October 11, 2026, from https://grantable.co/funders/first-citizens-foundation-inc-co-first-morg_36766e5e042245db9e72cfd25af999b1
BibTeX
@misc{grantable_571108547_2026,
author = {{Grantable}},
title = {{First Citizens Foundation Inc Co First funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/first-citizens-foundation-inc-co-first-morg_36766e5e042245db9e72cfd25af999b1},
note = {Accessed 2026-10-11. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from First Citizens Foundation Inc Co First's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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