Trust Education Foundation Inc Co First
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 grant totaling $85K. Net investment income was $76K.
Trust Education Foundation Inc Co First at a glance
In short: Trust Education Foundation Inc Co First gave $85K across 1 grant in 2025 (avg $85K), mostly in North Carolina. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $84,600
- -47.0% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $84,600
- -47.0% vs 2024
- Median grant
- $84,600
- Total assets
- $1,653,824
- +4.8% vs 2024
- Primary geography
- North Carolina (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Trust Education Foundation Inc Co First funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Campbell University ($85K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $50–100K range: 3 grants of 5 (60%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How Trust Education Foundation Inc Co First gives
- Giving grew 31% from 2022 to 2025. Method
- In 2025 it paid out 211% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $25K (2021) to $160K (2024). In 2025 it made 1 grant totaling $85K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Campbell University Buies Creek, NC | Education | $84,600 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $1,653,824 | $426,004 | $354,490 | $84,600 | 1 | $193,848 | $76,241 | $91,898 |
| 2024 | $1,577,425 | $384,406 | $378,189 | $159,600 | 1 | $229,516 | $63,570 | $83,623 |
| 2023 | $1,576,639 | $339,641 | $249,718 | $79,000 | 1 | $113,234 | $19,778 | $74,726 |
| 2022 | $1,488,402 | $396,849 | $207,166 | $64,600 | 1 | $99,885 | $117,658 | $75,411 |
| 2021 | $1,306,047 | $210,691 | $142,243 | $25,000 | 1 | — | $93,150 | $63,907 |
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.
Leadership & Key People
Officers and directors from IRS filings
Trust Education Foundation Inc Co First is led by Patrick W. Alyward, Executive Director since 2024 (on filings since 2021); 1 of 4 officers listed in 2025 is compensated.
Officers on the 2025 filing
Patrick W. Alyward
Executive Director
Chairman → Executive Director, 2024
On filings since 2021
5 hrs/week
$33K (2024) → $60K (2025)
Lawrence Chambers
President
On filings since 2024
5 hrs/week
No compensation reported
Jason Niell
Chairman
On filings since 2024
15 hrs/week
No compensation reported
Jimmy Witherspoon
Secretary & Treasurer
On filings since 2021
10 hrs/week
No compensation reported
Former officers (2)
- Former: Becky Kelly (2021–2023) — Executive Director
- Former: Maria Sturges (2021–2023) — President
Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $60K, to Patrick W Alyward (Executive Director).
Frequently asked questions about Trust Education Foundation Inc Co First
How much does Trust Education Foundation Inc Co First give each year?
Trust Education Foundation Inc Co First gave $85K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $160K across 1 grant.
How large is Trust Education Foundation Inc Co First?
Trust Education Foundation Inc Co First reported $1.7M in total assets on its 2025 IRS Form 990-PF. It paid out $194K in qualifying distributions that year, against a required minimum of $92K (roughly 5% of its investment assets).
Where does Trust Education Foundation Inc Co First operate?
Trust Education Foundation Inc Co First has awarded grants in North Carolina.
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.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2025
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