Truist West Virginia Foundation Inc
The Truist West Virginia Foundation is a private foundation established in 1971 and based in Orlando, Florida. Its mission is to improve quality of life in West Virginia by supporting organizations and institutions that promote the well-being of West Virginians.
Key facts about Truist West Virginia Foundation Inc
In short: Truist West Virginia Foundation Inc gave $500K across 66 grants in 2025 (avg $8K), mostly in West Virginia. 35% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- EIN
- 55-6017269
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $500,000
- Grants made (2025)
- 66
- Average grant
- $7,576
- Median grant
- $5,000
- New grantees (estimate)
- 35% first-time grantees (23 of 66, 2025)
- Total assets
- $11,771,875
- Primary geography
- West Virginia (99% of itemized 2025 grant dollars)
- How to apply
- The Foundation provides an online application. Full details ↓
- Deadline
- December 1.
Data from IRS Form 990-PF, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$11.8M
+4.5% YoY
Annual Giving
$500K
+35.5% YoY
Grant Count
66
+43.5% YoY
Avg Grant Size
$8K
-5.6% YoY
Under IRS private-foundation payout rules, Truist West Virginia Foundation Inc reported a distributable amount of $624K for 2025 — the minimum it must pay out in qualifying distributions.
Is Truist West Virginia Foundation Inc open to new grantees?
35%
first-time grantees, 2025
In 2025, 23 of 66 grantees (35%) were first-time recipients. First grants averaged $5K; repeat grants $9K. How we count
Medians: $5K first-time, $8K repeat.
- 56% of 2025 grantees were also funded in 2024. Method
- Giving fell 36% from 2022 to 2025. Method
- In 2025 it paid out 80% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2019–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Mission & Focus Areas
The Foundation’s mission is to improve the quality of life in West Virginia by supporting organizations and institutions that help people lead more rewarding and responsible lives and promote the general well-being of West Virginians.
Its priorities include education and workforce development, particularly programs that help residents—especially people with low incomes—gain skills for living-wage employment. Economic development support focuses on community revitalization and stabilization, including job creation and improvement in underserved or distressed communities, and on small-business development. The Foundation also supports arts and culture as a community-development tool, and essential services related to basic needs, financial empowerment, healthcare and behavioral health access, and barriers such as transportation and childcare. It occasionally considers other areas, including affordable housing.
The Foundation supports projects that demonstrate sustainability and measurable impact. Its 2025 grants included universities and educational foundations, food and basic-needs organizations, and healthcare organizations. For example, Mountaineer Food Bank describes its mission as alleviating hunger in West Virginia; West Virginia Health Right describes providing medical, dental, pharmaceutical, and health-education services to uninsured and underinsured people; and BackpackBuddyOrg describes providing food and personal-development items to students during summer break. These are the grantees’ stated missions.
Grantmaking
In 2025, the Foundation made 66 grants totaling $500,000. Grant amounts ranged from $1,500 to $40,000, with a median of $5,000. Listed grants generally named general operating support as their purpose. Notable awards included $40,000 to the University of Charleston; $20,000 each to Marshall University Foundation, West Virginia State University Foundation, and West Virginia University Foundation; and $15,000 each to Huntington City Mission, Martinsburg Union Rescue Mission, Mountaineer Food Bank, and West Virginia Health Right.
Review Cycle
December 1.
Ready to take the next step with Truist West Virginia Foundation Inc?
Geographic Focus
Where this funder awards grants
The Foundation states that it serves all of West Virginia and seeks geographic spread across the state. Its 2025 grant dollars went to recipients in West Virginia (99%) and Kentucky (1%); the filing’s stated award restriction is West Virginia organizations only.
Grant Distribution by State
Share of 2025 grant dollars across all 66 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $369K (2024) to $780K (2022). In 2025 it made 66 grants totaling $500K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was University of Charleston ($40K). Together the top 10 received $185K.
Grant Size Distribution
296 grants across all recorded years
The most common grant size was under $50K: 292 grants of 296 (99%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University of Charleston Charleston, WV | General Operating | $40,000 |
| Marshall University Foundation Huntington, WV | General Operating | $20,000 |
| West Virginia State University Fdn Institute, WV | General Operating | $20,000 |
| West Virginia University Foundation Morgantown, WV | General Operating | $20,000 |
| Huntington City Mission Huntington, WV | General Operating | $15,000 |
| Martinsburg Union Rescue Mission Inc Martinsburg, WV | General Operating | $15,000 |
| Mountaineer Food Bank Gassaway, WV | General Operating | $15,000 |
| West Virginia Health Right Inc Charleston, WV | General Operating | $15,000 |
| Backpackbuddyorg Winfield, WV | General Operating | $12,500 |
| Boys & Girls Club of Eastern Panhandle Martinsburg, WV | General Operating | $12,500 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Grant total | Number of grants |
|---|---|---|
| 2025 | $500,000 | 66 |
| 2024 | $369,000 | 46 |
| 2023 | $545,000 | 51 |
EIN: 55-6017269. Filing type: Form 990-PF (a private foundation).
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $11,771,875 | $11,268,061 | $10,796,071 |
| Revenue | $1,097,208 | $901,874 | $66,878 |
| Expenses | $584,488 | $429,602 | $582,704 |
| Qualifying Distributions | $501,000 | $370,000 | $546,000 |
| Net Investment Income | $1,029,154 | $847,713 | $216,422 |
| Distributable Amount | $623,940 | $598,539 | $562,780 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2024 (received by the IRS April 28, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS April 29, 2026)
- Added Form 990-PF for fiscal year 2019 (received by the IRS June 25, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 2, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS October 7, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 1, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 24, 2024)
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists the following members and trustees: Steven M. Rubin, Edwin H. Welch, Ellen S. Cappellanti, Terri Cutright, Joanne Wadsworth, Elizabeth Weisberg, and Steven Robey. It lists D. Spencer Murphy as president, Courtney L. Pak as executive director, and Marlo Long as secretary.
Truist West Virginia Foundation Inc is led by Courtney L. Pak, Executive Director on every filing since 2024; none of the 10 officers listed in 2025 report compensation.
Officers on the 2025 filing
Courtney L. Pak
Executive Director
On filings since 2024
1 hr/week
No compensation reported
D. Spencer Murphy
President
On filings since 2024
1 hr/week
No compensation reported
Edwin H. Welch
Member & Trustee
On filings since 2019
1 hr/week
No compensation reported
Ellen S. Cappelanti
Member & Trustee
On filings since 2019
1 hr/week
No compensation reported
Steven M. Rubin
Member & Trustee
On filings since 2019
1 hr/week
No compensation reported
Elizabeth Weisberg
Member & Trustee
On filings since 2023
1 hr/week
No compensation reported
Joanne Wadsworth
Member & Trustee
On filings since 2023
1 hr/week
No compensation reported
Steven Robey
Member & Trustee
On filings since 2023
1 hr/week
No compensation reported
Terri Cutright
Member & Trustee
On filings since 2023
1 hr/week
No compensation reported
Marlo Long
Secretary
On filings since 2024
1 hr/week
No compensation reported
Former officers (9)
- Former: J. Holmes Morrison (2019–2023) — Member & Trustee
- Former: Robert O. Orders Jr. (2019–2023) — Member & Trustee
- Former: Patrick O'Malley (2021–2023) — Trustee & President
- Former: Bobby Blakey (2019–2022) — Member & Trustee
- Former: C. Edward Gaunch (2019–2022) — Member & Trustee
- Former: K. Richard C. Sinclair (2019–2022) — Member & Trustee
- Former: Phyllis H. Arnold (2019–2022) — Member & Trustee
- Former: Jennifer Willits (2019–2020) — Director
- Former: Nelle Ratrie Chilton (2019) — Member & Trustee
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Contact
Application contact: Jennifer Willits
Mailing address: P O Box 1793, Charleston, WV 25326
Phone: (304) 348-7271
Website: https://truistwestvafoundation.org
Frequently asked questions about Truist West Virginia Foundation Inc
How much does Truist West Virginia Foundation Inc give each year?
Truist West Virginia Foundation Inc gave $500K across 66 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $369K across 46 grants.
What is Truist West Virginia Foundation Inc's typical grant size?
Truist West Virginia Foundation Inc's median grant in 2025 was $5,000, and its average grant was $7,576, across 66 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Truist West Virginia Foundation Inc that year got $5K on average.
Where does Truist West Virginia Foundation Inc give grants?
Truist West Virginia Foundation Inc gives mostly in West Virginia: 99% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Charleston, WV (23 grants), Huntington, WV (7 grants), Morgantown, WV (6 grants) and Martinsburg, WV (5 grants).
Does Truist West Virginia Foundation Inc give general operating support?
Yes: 100% of Truist West Virginia Foundation Inc's 2025 grants with a stated purpose (66 of 66) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Truist West Virginia Foundation Inc's largest grantees?
Truist West Virginia Foundation Inc's largest 2025 grantees include University of Charleston ($40,000), Marshall University Foundation ($20,000) and West Virginia State University Fdn ($20,000), according to its 2025 IRS Form 990-PF. Together they received 16% of its itemized 2025 grant dollars.
How large is Truist West Virginia Foundation Inc?
Truist West Virginia Foundation Inc reported $11.8M in total assets on its 2025 IRS Form 990-PF. It paid out $501K in qualifying distributions that year, against a required minimum of $624K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What does Truist West Virginia Foundation Inc fund?
The Foundation’s mission is to improve the quality of life in West Virginia by supporting organizations and institutions that help people lead more rewarding and responsible lives and promote the general well-being of West Virginians. See mission & focus areas ↑
How do I apply for a grant from Truist West Virginia Foundation Inc?
The Foundation provides an online application. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Truist West Virginia Foundation Inc's EIN?
Truist West Virginia Foundation Inc's EIN (Employer Identification Number) is 55-6017269. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
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