Truist Foundation Inc
- Assets
- $491.1m
- Revenue
- $30.0m
- Investments
- $472.5m
- Employees
- 0
- Location
- Orlando, FL
- Founding
- 01/1974
- Data as of
- 12/2022
- EIN
- 23-7336418
Organization Overview
Truist Foundation Inc is located in Orlando, FL. The organization was established in 1974. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Truist Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Truist Foundation Inc generated $30.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (41.7%) each year. All expenses for the organization totaled $72.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Truist Foundation Inc has awarded 2,602 individual grants totaling $198,422,018. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Truist Bank Trustee | 20 | $0 | |
William H Rogers Chairman | 1 | $0 | |
Lynette Bell President | 40 | $0 | |
Ellen Fitzsimmons Director | 1 | $0 | |
Kathleen S Farrell Director | 1 | $0 | |
David Weaver Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Truist Bank | 12/30/22 | $1,178,780 |
Apco Worldwide | 12/30/22 | $617,997 |
Destination South Usa Inc | 12/30/22 | $300,057 |
Frontier Design Group | 12/30/22 | $251,285 |
Benevity Inc | 12/30/22 | $174,515 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,678 |
| Dividends & Interest | $8,937,995 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $16,549,499 |
| Capital Gain Net Income | $16,549,499 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,514,233 |
| Total Revenue | $30,004,405 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $460,797 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,087,921 |
| Total operating and administrative expenses | $4,015,538 |
| Contributions, gifts, grants paid | $68,076,254 |
| Total expenses and disbursements | $72,091,792 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $18,329,190 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $427,477,100 |
| Net Land, buildings, and equipment | $335,239 |
| Other assets | $0 |
| Total assets | $491,122,076 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Truist Foundation Inc has awarded $68,076,254 in support to 737 organizations.
| Grant Recipient | Amount |
|---|---|
ACADEMY AT GLENGARY INC PURPOSE: GENERAL OPERATING | $30,000 |
ABILITY HOUSING INC PURPOSE: GENERAL OPERATING | $91,000 |
ACADEMY PREP CTR OF ST PETERSBURG PURPOSE: GENERAL OPERATING | $49,000 |
ACCESS TO CAPITAL FOR ENTREPRENEURS PURPOSE: GENERAL OPERATING | $2,750,000 |
ACT ALBANY COMMUNITY TOGETHER INC PURPOSE: GENERAL OPERATING | $1,000,000 |
ADULT EDUCATION FDN OF BLOUNT CNTY INC PURPOSE: GENERAL OPERATING | $6,500 |