Truist Foundation Inc
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
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
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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
3,619 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Who else does Truist Foundation Inc fund?
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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 | — |
Geographic Focus
Where this funder has awarded grants
Grant Distribution by State
States
Cities
Data last updated March 2026. Sourced from IRS Form 990-PF filings.
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