Spivey Scholarship Trust First Citizens Bank is a private foundation focused on Education, based in RALEIGH, NC. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $638K in total assets. In 2025, it awarded 3 grants totaling $46K. Net investment income was $38K.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$638K
-1.4% YoY
Annual Giving
$46K
+22.0% YoY
Grant Count
3
-25.0% YoY
Avg Grant Size
$15K
+62.6% YoY
Under IRS private-foundation payout rules, Spivey Scholarship Trust First Citizens Bank reported a distributable amount of $37K for 2025 — the minimum it must pay out in qualifying distributions.
About Spivey Scholarship Trust First Citizens Bank
Based on IRS filings
Spivey Scholarship Trust First Citizens Bank is a private foundation focused on Education, based in RALEIGH, NC. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $638K in total assets. In 2025, it awarded 3 grants totaling $46K. Net investment income was $38K.
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 | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $637,579 | $646,423 | $647,392 |
| Revenue | $47,265 | $45,446 | $-2,838 |
| Expenses | $55,499 | $46,269 | $50,344 |
| Qualifying Distributions | $45,986 | $37,707 | $40,294 |
| Net Investment Income | $38,471 | $35,808 | $7,983 |
| Distributable Amount | $36,840 | $37,410 | $32,896 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2025
Grant Size Distribution
18 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest include East Carolina University ($27,303), University of North Carolina ($12,751), Western Carolina Univ ($5,932).
| Recipient | Purpose | Amount |
|---|---|---|
| WESTERN CAROLINA UNIV CULLOWHEE, NC | EDUCATION - COLLEGE | $5,932 |
| UNIVERSITY OF NORTH CAROLINA CHAPEL HILL, NC | EDUCATION - COLLEGE | $12,751 |
| EAST CAROLINA UNIVERSITY GREENVILLE, NC | EDUCATION - COLLEGE | $27,303 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| FIRST CITIZENS BANK | TRUSTEE | 1 | $7,500 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Spivey Scholarship Trust First Citizens Bank?
Spivey Scholarship Trust First Citizens Bank is a private foundation focused on Education, based in RALEIGH, NC. It holds $638K in total assets as of 2025.
How large is Spivey Scholarship Trust First Citizens Bank?
As of 2025, Spivey Scholarship Trust First Citizens Bank holds $638K in total assets with $47K in annual revenue. It awarded 3 grants totaling $46K in 2025.
Where does Spivey Scholarship Trust First Citizens Bank operate?
Spivey Scholarship Trust First Citizens Bank has awarded grants in North Carolina.
What size grants does Spivey Scholarship Trust First Citizens Bank award?
In 2025, Spivey Scholarship Trust First Citizens Bank awarded 3 grants totaling $46K — an average of about $15K per grant, based on its IRS Form 990 filings.
How much is Spivey Scholarship Trust First Citizens Bank required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Spivey Scholarship Trust First Citizens Bank reported a distributable amount of $37K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Spivey Scholarship Trust First Citizens Bank's EIN?
Spivey Scholarship Trust First Citizens Bank's EIN (Employer Identification Number) is 56-6235902. IRS Form 990 filing data is available on this page for 2020–2025.
Explore Open Grants
Browse active grant opportunities in Spivey Scholarship Trust First Citizens Bank'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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