First Citizens Foundation
- Assets
- $13.0m
- Revenue
- -$315.3k
- Investments
- $12.6m
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- 04/2002
- Data as of
- 12/2022
- EIN
- 57-1108547
Organization Overview
First Citizens Foundation is located in Raleigh, NC. The organization was established in 2002. 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. First Citizens Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2020, First Citizens Foundation has awarded 108 individual grants totaling $2,295,733. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank B Holding Jr Chairman | 1 | $0 | |
Hope H Bryant Director | 1 | $0 | |
Peter M Bristow Director | 1 | $0 | |
Craig L Nix Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $8,125 |
| Dividends & Interest | $346,935 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$670,354 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$315,294 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $78,002 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $155,013 |
| Contributions, gifts, grants paid | $773,733 |
| Total expenses and disbursements | $928,746 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $371,413 |
| 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 | $12,632,295 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $10,315 |
| Total assets | $13,014,023 |
| 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, First Citizens Foundation has awarded $773,733 in support to 39 organizations.
| Grant Recipient | Amount |
|---|---|
CHARLESTON COUNTY HUMAN SERVICES PURPOSE: GENERAL PURPOSE | $5,000 |
ANDERSON INTERFAITH MINISTRIES PURPOSE: GENERAL PURPOSE | $10,000 |
WELVISTA PURPOSE: GENERAL | $21,000 |
THE GREENWOOD PROMISE PURPOSE: GENERAL | $10,000 |
SPOLETO FESTIVAL USA PURPOSE: GENERAL | $30,000 |
GREENVILLE CENTER FOR CREATIVE ART PURPOSE: GENERAL | $10,000 |