Truist Foundation Inc
Looking for Truist grants for nonprofits? Truist Foundation Inc is Truist's company-sponsored foundation, and this page covers the grants it reports to the IRS on Form 990-PF.
Truist Foundation Inc is a private foundation based in Orlando, Florida. Established in 2020, it makes strategic investments in nonprofit organizations to expand economic mobility and opportunity, with a focus on career pathways and small-business support.
Truist Foundation Inc at a glance
In short: Truist Foundation Inc gave $67.0M across 447 grants in 2024 (avg $150K), top state District of Columbia. 75% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $66,996,918
- +1.7% vs 2023
- Grants made (2024)
- 447
- -21.6% vs 2023
- Average grant
- $149,881
- +29.7% vs 2023
- Median grant
- $25,000
- Total assets
- $547,852,626
- +25.8% vs 2023
- New grantees (estimate)
- 75% first-time grantees (337 of 447, 2024)
- Primary geography
- District of Columbia (41% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Truist Foundation Inc
- Accepts unsolicited proposals
- Yes
- How to Apply
-
The foundation accepts unsolicited requests. Its website describes an online application for innovative nonprofits whose work aligns with its focus areas. The filing says applicants should submit supporting information about the organization’s purpose and the expected benefits of the program. Grants are restricted to charitable, literary, scientific, and educational purposes.
- Review Cycle
- Rolling.
- Deadline
- Rolling.
- Contact
Application contact: Www Truist Compurposetruist-Found
Mailing address: 214 N Tryon St 44Th St, Charlotte, NC 28202
Phone: (833) 307-2351
Website: https://www.truistfoundation.org
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Open Grants
3 open opportunities from Truist Foundation Inc
Truist Foundation Grants
Truist Foundation Inc
Amount
More than US $15,000
Deadline
Deadline not published
Truist Foundation: Inspire Awards
Truist Foundation Inc
Amount
Varies
Deadline
Deadline not published
Trusteed Foundations Funds Grant
Truist Foundation Inc
Amount
Varies
Deadline
Deadline not published
Who Truist Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Center for Disaster Philanthropy Inc ($21.6M). Together the top 10 received $39.4M.
Grant Size Distribution
3,619 grants across all recorded years
The most common grant size was under $50K: 2,800 grants of 3,619 (77%).
Geographic Focus
Where this funder awards grants
The foundation describes its broader service area as 17 states along the East Coast, extending to Texas. In 2024, the largest shares of grant dollars by recipient state went to the District of Columbia (41%), Virginia (10%), North Carolina (7%), California (7%), and Indiana (7%).
Grant Distribution by State
Share of 2024 grant dollars across all 447 itemized grants.
States
Cities
Is Truist Foundation Inc open to new grantees?
75%
first-time grantees, 2024
In 2024, 337 of 447 grantees (75%) were first-time recipients. First grants averaged $71K; repeat grants $392K. How we count
Medians: $25K first-time, $30K repeat.
- 6% of 2024 grantees were also funded in 2023. Method
- Giving grew 29% from 2021 to 2024. Method
- In 2024 it paid out 212% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). 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 2024, annual grant giving ranged from $51.9M (2021) to $78.5M (2020). In 2024 it made 447 grants totaling $67.0M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Center for Disaster Philanthropy Inc Washington, DC | Disaster Relief | $21,550,000 |
| Strada Collaborative Inc Indianapolis, IN | Building Career Pathways to | $4,366,182 |
| Charities Aid Foundation America Alexandria, VA | Special Programs | $2,444,080 |
| Connect Humanity Palo Alto, CA | Strengthening Small | $2,000,000 |
| American Red Cross Washington, DC | Disaster Relief | $1,991,780 |
| United Way Worldwide Alexandria, VA | Disaster Relief and | $1,630,000 |
| Black Innovation Alliance Atlanta, GA | Strengthening Small | $1,500,000 |
| The Community Foundation of Western NC Asheville, NC | Disaster Relief | $1,500,000 |
| Appalachian Comm Capital Development Christiansburg, VA | Strengthening Small | $1,300,000 |
| Living Cities Inc the National Community Washington, DC | Strengthening Small | $1,091,814 |
Ready to take the next step with Truist Foundation Inc?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $547,852,626 | $179,189,277 | $70,061,113 | $66,996,918 | 447 | $68,235,259 | $28,190,357 | $32,128,767 |
| 2023 | $435,603,374 | $13,948,262 | $70,093,808 | $65,877,040 | 570 | $68,238,193 | $12,505,768 | $27,727,275 |
| 2022 | $491,122,076 | $30,004,405 | $72,091,792 | $68,076,254 | 737 | $70,127,380 | $28,144,467 | $30,633,687 |
| 2021 | $535,253,915 | $119,578,224 | $55,711,050 | $51,851,987 | 938 | $53,048,983 | $42,460,983 | $32,915,303 |
| 2020 | $471,184,735 | $41,457,246 | $81,643,325 | $78,493,777 | 927 | — | $40,267,438 | $27,618,180 |
Under IRS private-foundation payout rules, Truist Foundation Inc reported a distributable amount of $32.1M for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
The foundation’s stated purpose is to promote economic mobility and opportunity through workforce development, small-business support, and community development. Its website identifies two key focus areas: building career pathways to economic mobility and strengthening small businesses. For career pathways, it supports work such as helping adults navigate employment resources, building reskilling and upskilling capacity, and improving access to quality employment and worker protections. Small-business efforts aim to strengthen business sustainability and resilience.
Examples of supported organizations illustrate the range of work. Strada Collaborative describes its mission as providing resources, educational support, and career experiences that lead to equitable education and employment pathways. New American Community Lending says it financially empowers refugees, asylum seekers, and other immigrants. The Center for Disaster Philanthropy says it works to strengthen communities’ ability to withstand disasters and recover equitably.
Grantmaking
In 2024, the foundation reported 447 grants totaling $66,996,918. Grant amounts ranged from $49 to $21,550,000, with a median grant of $25,000. The largest listed awards included $21,550,000 to the Center for Disaster Philanthropy for disaster relief; $4,366,182 to Strada Collaborative for building career pathways; and $2,444,080 to Charities Aid Foundation America for special programs. Other large awards included $2,000,000 to Connect Humanity and $1,991,780 to the American Red Cross.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Lynette Bell as president and Kathleen S. Farrell, David Weaver, Kimberly Moore-Wright, Ingrid Saunders-Jones, Ernie Reigel, Jason Cagle, Ankur Vyas, Amy Collins, and Bobbi Silten as directors. The filing notes that David Weaver retired and Ernie Reigel resigned during 2024; it also records a resignation date for Kimberly Moore-Wright.
Truist Foundation Inc is led by Lynette Bell, President on every filing since 2020; none of the 11 officers listed in 2024 report compensation.
Officers on the 2024 filing
Lynette Bell
President
On filings since 2020
40 hrs/week
No compensation reported
David Weaver
Director
On filings since 2020
1 hr/week
No compensation reported
Ingrid Saunders-Jones
Director
On filings since 2020
1 hr/week
No compensation reported
Kathleen S. Farrell
Director
On filings since 2020
1 hr/week
No compensation reported
Jason Cagle
Director
On filings since 2021
1 hr/week
No compensation reported
Amy Collins
Director
On filings since 2023
1 hr/week
No compensation reported
Ankur Vyas
Director
On filings since 2023
1 hr/week
No compensation reported
Bobbi Silten
Director
New on the 2024 filing
1 hr/week
No compensation reported
Chris Ward
Director
New on the 2024 filing
1 hr/week
No compensation reported
Kimberly Moore-Wrightrsgn123124
Director
New on the 2024 filing
1 hr/week
No compensation reported
Sherry Graziano
Director
New on the 2024 filing
1 hr/week
No compensation reported
Former officers (11)
- Former: Ernie Reigel (2020–2024) — Director · Filing note: Resigned 123124
- Former: Kimberly Moore-Wright (2020–2023) — Director
- Former: Truist Bank (2020–2023) — Trustee
- Former: Ellen Fitzsimmons - Retird (2023) — Director
- Former: H. Martin Sr. (2023) — Director · Filing note: Term ended expd eoy
- Former: William H. Rogers - Resignd (2023) — Chairman
- Former: Donta Wilson (2020–2022) — Director
- Former: Ellen Fitzsimmons (2020–2022) — Director
- Former: Harold Martin Sr. (2020–2022) — Director
- Former: William H. Rogers (2020–2022) — Chairman
- Former: Chris Henson (2020–2021) — Director
Data from IRS Form 990 filings, 2020–2024. "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 Truist Foundation Inc
How much does Truist Foundation Inc give each year?
Truist Foundation Inc gave $67.0M across 447 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $65.9M across 570 grants.
What is Truist Foundation Inc's typical grant size?
Truist Foundation Inc's median grant in 2024 was $25,000, and its average grant was $149,881, across 447 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Truist Foundation Inc that year got $71K on average.
Where does Truist Foundation Inc give grants?
Truist Foundation Inc's top state is District of Columbia, with 41% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were Virginia (10%) and North Carolina (7%). The most frequent recipient cities were Washington, DC (26 grants), Charlotte, NC (21 grants), Atlanta, GA (16 grants) and Baltimore, MD (16 grants).
Does Truist Foundation Inc give general operating support?
Not in 2024: none of the 447 grants with a stated purpose on Truist Foundation Inc's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Building Career Pathways to" (193 grants), "Thriving Communities" (99 grants) and "Strengthening Small" (90 grants).
Who are Truist Foundation Inc's largest grantees?
Truist Foundation Inc's largest 2024 grantees include Center for Disaster Philanthropy Inc ($21,550,000), Strada Collaborative Inc ($4,366,182) and Charities Aid Foundation America ($2,444,080), according to its 2024 IRS Form 990-PF. Together they received 42% of its itemized 2024 grant dollars.
How large is Truist Foundation Inc?
Truist Foundation Inc reported $547.9M in total assets on its 2024 IRS Form 990-PF. It paid out $68.2M in qualifying distributions that year, against a required minimum of $32.1M (roughly 5% of its investment assets).
What does Truist Foundation Inc fund?
The foundation’s stated purpose is to promote economic mobility and opportunity through workforce development, small-business support, and community development. Its website identifies two key focus areas: building career pathways to economic mobility and strengthening small businesses. See mission & focus areas ↑
How do I apply for a grant from Truist Foundation Inc?
The foundation accepts unsolicited requests. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Truist Foundation Inc's EIN?
Truist Foundation Inc's EIN (Employer Identification Number) is 23-7336418. IRS Form 990 filing data is available on this page for 2020–2024.
Does Truist Foundation Inc accept unsolicited proposals?
Yes, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Does Truist give grants to nonprofits?
Yes. Truist Foundation Inc, Truist's company-sponsored foundation, awarded 447 grants totaling $67.0M in 2024, according to its IRS Form 990-PF. Truist may also give through corporate programs that are not reported on the foundation's 990.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Truist Foundation Inc funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Truist Foundation Inc's focus areas in our free grants database
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Cite this profile
Grantable. (2026). Truist Foundation Inc funder profile. GrantGraph. Retrieved October 27, 2026, from https://grantable.co/funders/truist-foundation-inc-morg_995ccab52b0f4a18893f840c606a8866
BibTeX
@misc{grantable_237336418_2026,
author = {{Grantable}},
title = {{Truist Foundation Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/truist-foundation-inc-morg_995ccab52b0f4a18893f840c606a8866},
note = {Accessed 2026-10-27. 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 Truist Foundation Inc'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.
Truist Foundation Inc down — hundreds of funders to go?