Spivey Scholarship Trust First Citizens Bank
RALEIGH, NC EIN: 56-6235902
Financial Overview
From 2025 IRS Form 990-PF
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
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Financial History
Multi-year comparison from IRS filings
Revenue
Expenses
Qualifying Distributions
Net Investment Income
| 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
No grants recorded for .
Who else does Spivey Scholarship Trust First Citizens Bank fund?
Explore the funder–grantee relationships behind this foundation, powered by GrantGraph™ — our database of 11 million+ funding connections.
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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 |
Geographic Focus
Where this funder has awarded grants
Grant Distribution by State
North Carolina $180K (100%)
States
Cities
Chapel HillCullowheeDurhamElizabeth CityGreensboroGreenvilleRaleighWilmington
Data last updated March 2026. Sourced from IRS Form 990-PF filings.
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