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.
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.
Key facts about Truist Foundation Inc
- EIN
- 23-7336418
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $66,996,918
- Grants made (2024)
- 447
- Average grant
- $149,881
- Median grant
- $25,000
- New grantees (estimate)
- 77% first-time grantees (344 of 447, 2024)
- Total assets
- $547,852,626
- Primary geography
- District of Columbia (41% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who Truist Foundation Inc funds
By grant dollars, the top recipient states for Truist Foundation Inc's 447 itemized 2024 grants were District of Columbia (41%), 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). None of its 447 grants with a stated purpose 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).
Is Truist Foundation Inc open to new grantees?
77%
first-time grantees, 2024
In 2024, 344 of 447 grantees (77%) were first-time recipients. First grants averaged $70K; repeat grants $417K. 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 IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Truist Foundation Inc
- How to evaluate Truist Foundation Inc as a funder
Our grant prospecting guide: read the 990-PF, check fit, and decide whether to apply.
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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
Share of all 447 itemized 2024 grant dollars.
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 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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
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 recipients include Center for Disaster Philanthropy Inc ($21,550,000), Strada Collaborative Inc ($4,366,182), Charities Aid Foundation America ($2,444,080).
| 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 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2020 IRS filing
From 2024 IRS 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.
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.
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 September 2026. Sourced from IRS Form 990-PF filings.