Trust Education Foundation Inc Co First

RALEIGH, NC EIN: 23-7170672

Trust Education Foundation Inc Co First is a private foundation, based in RALEIGH, NC. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $1.7M in total assets. In 2025, it awarded 1 grants totaling $85K. Net investment income was $76K.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$1.7M

+4.8% YoY

Annual Giving

$85K

-47.0% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$85K

-47.0% YoY

Under IRS private-foundation payout rules, Trust Education Foundation Inc Co First reported a distributable amount of $92K for 2025 — the minimum it must pay out in qualifying distributions.

About Trust Education Foundation Inc Co First

Based on IRS filings

Ready to take the next step with Trust Education Foundation Inc Co First?

Assess fit for your org Draft an LOI Find open RFPs

Geographic Focus

Where this funder awards grants

Grant Distribution by State

North Carolina $413K (100%)

States

North Carolina

Cities

Buies Creek

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2025	2024	2023
Total Assets	$1,653,824	$1,577,425	$1,576,639
Revenue	$426,004	$384,406	$339,641
Expenses	$354,490	$378,189	$249,718
Qualifying Distributions	$193,848	$229,516	$113,234
Net Investment Income	$76,241	$63,570	$19,778
Distributable Amount	$91,898	$83,623	$74,726

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2025

Grant Size Distribution

5 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2025 grants, the largest include Campbell University ($84,600).

Recipient	Purpose	Amount
CAMPBELL UNIVERSITY BUIES CREEK, NC	EDUCATION	$84,600

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2025 IRS filing

From 2025 filing

Name	Title	Hours	Compensation
JASON NIELL	CHAIRMAN	15	—
LAWRENCE CHAMBERS	PRESIDENT	5	—
JIMMY WITHERSPOON	SECRETARY/TREASURER	10	—
PATRICK W ALYWARD	EXECUTIVE DIRECTOR	5	$60,000

Frequently Asked Questions

How large is Trust Education Foundation Inc Co First?

As of 2025, Trust Education Foundation Inc Co First holds $1.7M in total assets with $426K in annual revenue. It awarded 1 grants totaling $85K in 2025.

Where does Trust Education Foundation Inc Co First operate?

Trust Education Foundation Inc Co First has awarded grants in North Carolina.

What size grants does Trust Education Foundation Inc Co First award?

In 2025, Trust Education Foundation Inc Co First awarded 1 grants totaling $85K — an average of about $85K per grant, based on its IRS Form 990 filings.

How much is Trust Education Foundation Inc Co First required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2025, Trust Education Foundation Inc Co First reported a distributable amount of $92K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Trust Education Foundation Inc Co First's EIN?

Trust Education Foundation Inc Co First's EIN (Employer Identification Number) is 23-7170672. IRS Form 990 filing data is available on this page for 2021–2025.