First Citizens Foundation Inc
First Citizens Foundation Inc is a private foundation focused on Education, based in SMITHFIELD, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $571K in total assets. In 2024, it awarded 10 grants totaling $28K. Net investment income was $27K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$571K
-0.4% YoY
Annual Giving
$28K
-12.4% YoY
Grant Count
10
+11.1% YoY
Avg Grant Size
$3K
-21.1% YoY
Under IRS private-foundation payout rules, First Citizens Foundation Inc reported a distributable amount of $33K for 2024 — the minimum it must pay out in qualifying distributions.
About First Citizens Foundation Inc
Based on IRS filings
First Citizens Foundation Inc is a private foundation focused on Education, based in SMITHFIELD, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $571K in total assets. In 2024, it awarded 10 grants totaling $28K. Net investment income was $27K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $570,904 | $573,193 | $560,428 |
| Revenue | $27,358 | $45,845 | $21,366 |
| Expenses | $29,647 | $33,080 | $33,260 |
| Qualifying Distributions | $28,150 | $32,092 | $32,555 |
| Net Investment Income | $26,851 | $45,252 | $25,513 |
| Distributable Amount | $32,506 | $28,944 | $31,365 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
52 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Ava Gardner Museum ($5,000), House of Hope ($5,000), Friends of Bentonville Battlefield ($3,100).
| Recipient | Purpose | Amount |
|---|---|---|
| AVA GARDNER MUSEUM SMITHFIELD, NC | ORGANIZATION OPERATIONS AND ACTIVITIES | $5,000 |
| BENSON AREA MEDICAL CENTER BENSON, NC | GENERAL SUPPORT | $3,000 |
| EAST CAROLINA UNIVERSITY GREENVILLE, NC | SCHOLARSHIP | $3,000 |
| FRIENDS OF BENTONVILLE BATTLEFIELD FOUR OAKS, NC | ORGANIZATION OPERATION | $3,100 |
| HOUSE OF HOPE CLAYTON, NC | ORGANIZATION OPERATION | $5,000 |
| JOHNSTON COUNTY YOUTH LIVESTOCK SHOW SMITHFIELD, NC | ORGANIZATION OPERATIONS AND ACTIVITIES | $1,500 |
| JOHNSTON HEALTH FOUNDATION SMITHFIELD, NC | ORGANIZATION OPERATIONS AND ACTIVITIES | $2,500 |
| MEREDITH COLLEGE RALEIGH, NC | SCHOLARSHIP | $1,500 |
| NORTH CAROLINA STATE UNIVERSITY RALEIGH, NC | SCHOLARSHIP | $1,500 |
| UNC-CHAPEL HILL CHAPEL HILL, NC | SCHOLARSHIP | $1,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| FRANK B HOLDING JR | PRESIDENT | 0.5 | — |
| HOPE H BRYANT | VICE PRESIDENT | 0.5 | — |
| OLIVIA HOLDING | TREASURER | 0.5 | — |
| JEFF CARVER | ASSISTANT SECRETARY/TREASU | 0.5 | — |
| JUDITH A MURRAY | SECRETARY | 0.5 | — |
| CARSON H BRICE | DIRECTOR | 0.5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is First Citizens Foundation Inc?
First Citizens Foundation Inc is a private foundation focused on Education, based in SMITHFIELD, NC. It holds $571K in total assets as of 2024.
How large is First Citizens Foundation Inc?
As of 2024, First Citizens Foundation Inc holds $571K in total assets with $27K in annual revenue. It awarded 10 grants totaling $28K in 2024.
Where does First Citizens Foundation Inc operate?
First Citizens Foundation Inc has awarded grants in North Carolina, Virginia.
What size grants does First Citizens Foundation Inc award?
In 2024, First Citizens Foundation Inc awarded 10 grants totaling $28K — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is First Citizens Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, First Citizens Foundation Inc reported a distributable amount of $33K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is First Citizens Foundation Inc's EIN?
First Citizens Foundation Inc's EIN (Employer Identification Number) is 56-6044206. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in First Citizens Foundation Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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