The Truist Foundation Inc was established in 2020 as an endowed private foundation following the merger of SunTrust Bank and BB&T, with assets of $435.6 million and annual giving of $65.9 million (2023). The Foundation makes strategic investments in nonprofit organizations to promote economic mobility and opportunity through workforce development, small business support, and community development, with a particular emphasis on serving low-to-moderate income populations and systemically disadvantaged workers across 17 states along the East Coast and extending to Texas. Known for its innovative approach to grantmaking including accepting unsolicited online applications and providing capacity-building support, the Foundation has invested in organizations that have helped create pathways for more than 25,000 workers and their families since 2021.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$547.9M
+25.8% YoY
Annual Giving
$67.0M
+1.7% YoY
Grant Count
447
-21.6% YoY
Avg Grant Size
$150K
+29.7% YoY
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.
About Truist Foundation Inc
Based on IRS filings
Truist Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ORLANDO, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $547.9M in total assets. In 2024, it awarded 447 grants totaling $67.0M. Net investment income was $28.2M.
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 | $547,852,626 | $435,603,374 | $491,122,076 |
| Revenue | $179,189,277 | $13,948,262 | $30,004,405 |
| Expenses | $70,061,113 | $70,093,808 | $72,091,792 |
| Qualifying Distributions | $68,235,259 | $68,238,193 | $70,127,380 |
| Net Investment Income | $28,190,357 | $12,505,768 | $28,144,467 |
| Distributable Amount | $32,128,767 | $27,727,275 | $30,633,687 |
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
250 grants across all recorded years
Open Grants
3 open opportunities from Truist Foundation Inc
Truist Foundation Grants
TRUIST FOUNDATION INC
Amount
More than US $15,000
Deadline
Rolling / Open
Truist Foundation: Inspire Awards
TRUIST FOUNDATION INC
Amount
Varies
Deadline
Rolling / Open
Trusteed Foundations Funds Grant
TRUIST FOUNDATION INC
Amount
Varies
Deadline
Rolling / Open
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Appalachian Comm Capital Development ($1,300,000), Accion Opportunity Fund Comm Dev ($500,000), American Red Cross - Washington Dc ($500,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Chaminade Development Fund Inc MINEOLA, NY | SPECIAL PROGRAMS | $194 |
| CHARLOTTE RESCUE MISSION SOCIAL ENTERPRI Charlotte, NC | SPECIAL PROGRAMS | $682 |
| DANA FARBER PARTNERS CANCER CARE INC Brookline, MA | SPECIAL PROGRAMS | $415 |
| Maggie L Walker Governors School for Richmond, VA | SPECIAL PROGRAMS | $243 |
| Ovarian Cancer Research Alliance New York, NY | SPECIAL PROGRAMS | $394 |
| SABAH FOUNDATION INC BUFFALO, NY | SPECIAL PROGRAMS | $243 |
| SCHOLARS ACADEMY FOUNDATION FOR THE GIFT CHARLOTTE, NC | SPECIAL PROGRAMS | $6,111 |
| THE LEUKEMIA & LYMPHOMA SOCIETY RESEARCH Rye Brook, NY | SPECIAL PROGRAMS | $3,032 |
| The Pennsylvania State University-Penn S State College, PA | SPECIAL PROGRAMS | $485 |
| UNICEF USA IMPACT FUND FOR CHILDREN INC NEW YORK, NY | SPECIAL PROGRAMS | $343 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| LYNETTE BELL | PRESIDENT | 40 | — |
| KATHLEEN S FARRELL | DIRECTOR | 1 | — |
| DAVID WEAVER RETIRED 83124 | DIRECTOR | 1 | — |
| KIMBERLY MOORE-WRIGHTRSGN123124 | DIRECTOR | 1 | — |
| INGRID SAUNDERS-JONES | DIRECTOR | 1 | — |
| ERNIE REIGEL RESIGNED 123124 | DIRECTOR | 1 | — |
| JASON CAGLE | DIRECTOR | 1 | — |
| ANKUR VYAS | DIRECTOR | 1 | — |
| AMY COLLINS | DIRECTOR | 1 | — |
| BOBBI SILTEN | DIRECTOR | 1 | — |
| SHERRY GRAZIANO | DIRECTOR | 1 | — |
| CHRIS WARD | DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Truist Foundation Inc?
Truist Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ORLANDO, FL. It holds $547.9M in total assets as of 2024.
How large is Truist Foundation Inc?
As of 2024, Truist Foundation Inc holds $547.9M in total assets with $179.2M in annual revenue. It awarded 447 grants totaling $67.0M in 2024.
Where does Truist Foundation Inc operate?
Truist Foundation Inc has awarded grants in Alabama, Arkansas, Arizona, California, Colorado, Connecticut, District of Columbia, Florida, Georgia, Illinois, Indiana, Kentucky, Louisiana, Massachusetts, Maryland, Michigan, Minnesota, Missouri, North Carolina, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, Washington, Wisconsin, West Virginia.
What size grants does Truist Foundation Inc award?
In 2024, Truist Foundation Inc awarded 447 grants totaling $67.0M — an average of about $150K per grant, based on its IRS Form 990 filings.
How much is Truist Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Truist Foundation Inc reported a distributable amount of $32.1M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
Browse active grant opportunities in Truist 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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