Truist Foundation Inc
- Assets
- $535.3m
- Revenue
- $119.6m
- Investments
- $506.3m
- Employees
- 0
- Location
- Orlando, FL
- Founding
- 01/1974
- Data as of
- 12/2021
- 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 12/2021, Truist Foundation Inc generated $119.6m in total revenue. All expenses for the organization totaled $55.7m during the year ending 12/2021. While expenses have increased by 52.4% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Truist Foundation Inc has awarded 1,865 individual grants totaling $130,345,764. 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 |
|---|---|---|---|
Lynette Bell President | 40 | $0 | |
Ellen Fitzsimmons Director | 1 | $0 | |
Truist Bank Trustee | 20 | $0 | |
Chris Henson Director (retired 2021) | 1 | $0 | |
Kathleen S Farrell Director | 1 | $0 | |
David Weaver Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Apco Worldwide | 12/30/21 | $367,022 |
Truist Bank | 12/30/21 | $1,255,918 |
Frontier Design Group Llc | 12/30/21 | $162,307 |
Fsg | 12/30/21 | $350,000 |
Destination South Usa Llc | 12/30/21 | $94,672 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $75,000,000 |
| Interest on Savings | $2,640 |
| Dividends & Interest | $10,552,738 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $33,003,398 |
| Capital Gain Net Income | $33,003,398 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,019,448 |
| Total Revenue | $119,578,224 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $708,986 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,564 |
| Printing and publications | $3,624 |
| Other expenses | $899,141 |
| Total operating and administrative expenses | $3,859,063 |
| Contributions, gifts, grants paid | $51,851,987 |
| Total expenses and disbursements | $55,711,050 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $28,649,404 |
| 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 | $506,268,882 |
| Net Land, buildings, and equipment | $335,239 |
| Other assets | $0 |
| Total assets | $535,253,915 |
| 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 $51,851,987 in support to 938 organizations.
| Grant Recipient | Amount |
|---|---|
San Francisco, CA PURPOSE: GENERAL OPERATING | $6,650,000 |
PURPOSE BUILT COMMUNITIES PURPOSE: GENERAL OPERATING | $2,000,000 |
Reston, VA PURPOSE: GENERAL OPERATING | $1,500,000 |
Indianapolis, IN PURPOSE: GENERAL OPERATING | $1,256,974 |
Washington, DC PURPOSE: GENERAL OPERATING | $1,246,000 |
Alexandria, VA PURPOSE: GENERAL OPERATING | $1,200,056 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Distribution Cooperative Inc Mcdonough, GA | $32,404,421 | $108,129,645 |
The Coca-Cola Foundation Inc Atlanta, GA | $328,454,102 | $178,366,620 |
The Murray & Sydell Rosenberg Foundation Inc Atlanta, GA | $5,561,714 | $74,985,544 |
Joseph B Whitehead Foundation Atlanta, GA | $148,285,590 | $58,163,845 |
Emergency Assistance Foundation Inc West Palm Beach, FL | $75,784,415 | $87,494,207 |
Winshape Foundation Inc Atlanta, GA | $1,733,664,901 | $22,099,572 |
A Good Name Foundation Inc Atlanta, GA | $709,299,721 | $33,917,740 |
Jane Woodruff Foundation Inc Atlanta, GA | $0 | $54,999,988 |
Truist Foundation Inc Orlando, FL | $535,253,915 | $119,578,224 |
Ups Foundation Inc Atlanta, GA | $8,317,427 | $54,799,163 |
Leslie L Alexander Foundation Delray Beach, FL | $372,501,228 | $8,282,313 |
Publix Super Markets Charities Inc Lakeland, FL | $259,322,738 | $58,315,085 |