Truist West Virginia Foundation Inc
The Truist West Virginia Foundation is a private charitable foundation established on December 13, 1971. It operates as a 501(c)(3) organization with headquarters in Orlando, Florida. The foundation is a component of the broader Truist Foundation ecosystem, which was created in 2020 following the merger of SunTrust Bank and BB&T.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$11.3M
+4.4% YoY
Annual Giving
$369K
-32.3% YoY
Grant Count
46
-9.8% YoY
Avg Grant Size
$8K
-24.9% YoY
Mission & Focus Areas
The mission of the Truist West Virginia Foundation 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.
Primary Funding Priorities
Economic Development is the foundation's primary focus area, with emphasis on:
- Small Business Development – Programs and projects that support the start-up and growth of small businesses
- Revitalize/Stabilize Communities – Programs that revitalize or stabilize communities through economic development efforts, downtown revitalization, removal of slum and blight, and other activities that promote job creation or economic improvement in underserved and distressed communities
Types of Support
The foundation supports projects that demonstrate sustainability and measurable impact. In order of importance, the foundation prefers to fund:
- Capital needs (considered on a case-by-case basis)
- Long-term financially viable initiatives
- Program support
- One-time expenses
- Specific project-based needs
The foundation occasionally makes grants in other areas of interest, including affordable housing, childcare, small business and workforce development.
Grantmaking
The foundation makes charitable contributions to publicly-supported, charitable organizations qualified under Section 501(c)(3) of the Internal Revenue Code.
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Geographic Focus
Where this funder awards grants
The Truist West Virginia Foundation serves the entire State of West Virginia with a desire to have geographic spread of investments to support all areas of the state.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
EIN: 55-6017269
The foundation's financial information is available through its most recent tax filings dated December 1, 2023.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $11,268,061 | $10,796,071 | $11,286,598 |
| Revenue | $901,874 | $66,878 | $161,204 |
| Expenses | $429,602 | $582,704 | $831,514 |
| Qualifying Distributions | $370,000 | $546,000 | $781,400 |
| Net Investment Income | $847,713 | $216,422 | $259,226 |
| Distributable Amount | $598,539 | $562,780 | $575,575 |
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
246 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MR STEVEN M RUBIN | MEMBER & TRUSTEE | 1 | — |
| DR EDWIN H WELCH | MEMBER & TRUSTEE | 1 | — |
| MRS ELLEN S CAPPELANTI | MEMBER & TRUSTEE | 1 | — |
| MRS TERRI CUTRIGHT | MEMBER & TRUSTEE | 1 | — |
| MRS JOANNE WADSWORTH | MEMBER & TRUSTEE | 1 | — |
| MRS ELIZABETH WEISBERG | MEMBER & TRUSTEE | 1 | — |
| MR STEVEN ROBEY | MEMBER & TRUSTEE | 1 | — |
| MR D SPENCER MURPHY | PRESIDENT | 1 | — |
| MRS COURTNEY L PAK | EXECUTIVE DIRECTOR | 1 | — |
| MRS MARLO LONG | SECRETARY | 1 | — |
Recent News & Activity
Recent developments and announcements
Recent grant announcements include:
Support for TechConnect West Virginia to launch a skills training program
TechConnect West Virginia Secures Truist Foundation Grant to Launch Skills$10,000 grant to Concord University's Pathways Scholarship program
Truist West Virginia Foundation grants $10,000 for Concord University\u2019\Support for an AI initiative at West Virginia State University
Truist West Virginia Foundation grants $10,000 for Concord University\u2019\$5,000 grant to Partner Community Capital for the Recreational Economies Initiative
Truist West Virginia Foundation Presents $5,000 Grant to Partner Community$25,000 grant to Marshall University Foundation
TechConnect West Virginia Secures Truist Foundation Grant to Launch SkillsRelated Funders
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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