Nonprofit · EIN 23-7336418
TRUIST FOUNDATION INC
Tax-exempt · ORLANDO, FL 32891
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $179,189,277 | $70,061,113 | $109,128,164 | $547,852,626 | $0 | $547,852,626 |
| December 31, 2023 | 990-PF | $13,948,262 | $70,093,808 | -$56,145,546 | $435,603,374 | $0 | $435,603,374 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $150,000,000
- Dividends
- $12,618,121
- Interest
- $545
- Net gain from sales of assets
- $15,939,977
- Other income
- $630,634
Expenses
- Grants and similar amounts paid
- $66,996,918
- Disbursements for charitable purposes
- $68,235,259
- Excise tax on investment income
- $391,846
Balance sheet and other
- Total assets, start of year
- $435,603,374
- Total assets, end of year
- $547,852,626
- Total liabilities, end of year
- $0
- Net assets, end of year
- $547,852,626
- Fair market value of assets
- $716,936,264
- Qualifying distributions
- $68,235,259
- Net investment income
- $29,726,835
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LYNETTE BELL 214 N TRYON ST 44TH FL, CHARLOTTE, NC 28202 | PRESIDENT | 40 | $0 |
| KATHLEEN S FARRELL 214 N TRYON ST 44TH FL, CHARLOTTE, NC 28202 | DIRECTOR | 1 | $0 |
| DAVID WEAVER RETIRED 83124 214 N TRYON ST 44TH FL, CHARLOTTE, NC 28202 | DIRECTOR | 1 | $0 |
| KIMBERLY MOORE-WRIGHTRSGN123124 214 N TRYON ST 44TH FL, CHARLOTTE, NC 28202 | DIRECTOR | 1 | $0 |
| INGRID SAUNDERS-JONES 214 N TRYON ST 44TH FL, CHARLOTTE, NC 28202 | DIRECTOR | 1 | $0 |
| ERNIE REIGEL RESIGNED 123124 214 N TRYON ST 44TH FL, CHARLOTTE, NC 28202 | DIRECTOR | 1 | $0 |
| JASON CAGLE 214 N TRYON ST 44TH FL, CHARLOTTE, NC 28202 | DIRECTOR | 1 | $0 |
| ANKUR VYAS 214 N TRYON ST 44TH FL, CHARLOTTE, NC 28202 | DIRECTOR | 1 | $0 |
| AMY COLLINS 214 N TRYON ST 44TH FL, CHARLOTTE, NC 28202 | DIRECTOR | 1 | $0 |
| BOBBI SILTEN 38 SUTHERLAND DRIVE, ATHERTON, CA 94027 | DIRECTOR | 1 | $0 |
| SHERRY GRAZIANO 214 N TRYON ST 44TH FL, CHARLOTTE, NC 28202 | DIRECTOR | 1 | $0 |
| CHRIS WARD 214 N TRYON ST 44TH FL, CHARLOTTE, NC 28202 | DIRECTOR | 1 | $0 |
990-PF for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TRUIST BANK 214 N TRYON ST 44TH FL, CHARLOTTE, NC 28202 | TRUSTEE | 20 | $0 |
| WILLIAM H ROGERS - RESIGND 62823 214 N TRYON ST 44TH FL, CHARLOTTE, NC 28202 | CHAIRMAN | 1 | $0 |
| LYNETTE BELL 214 N TRYON ST 44TH FL, CHARLOTTE, NC 28202 | PRESIDENT | 40 | $0 |
| ELLEN FITZSIMMONS - RETIRD 123123 214 N TRYON ST 44TH FL, CHARLOTTE, NC 28202 | DIRECTOR | 1 | $0 |
| KATHLEEN S FARRELL 214 N TRYON ST 44TH FL, CHARLOTTE, NC 28202 | DIRECTOR | 1 | $0 |
| DAVID WEAVER 214 N TRYON ST 44TH FL, CHARLOTTE, NC 28202 | DIRECTOR | 1 | $0 |
| KIMBERLY MOORE-WRIGHT 214 N TRYON ST 44TH FL, CHARLOTTE, NC 28202 | DIRECTOR | 1 | $0 |
| INGRID SAUNDERS-JONES 214 N TRYON ST 44TH FL, CHARLOTTE, NC 28202 | DIRECTOR | 1 | $0 |
| ERNIE REIGEL 214 N TRYON ST 44TH FL, CHARLOTTE, NC 28202 | DIRECTOR | 1 | $0 |
| DR H MARTIN SR - TERM EXPD EOY 214 N TRYON ST 44TH FL, CHARLOTTE, NC 28202 | DIRECTOR | 1 | $0 |
| JASON CAGLE 214 N TRYON ST 44TH FL, CHARLOTTE, NC 28202 | DIRECTOR | 1 | $0 |
| ANKUR VYAS 214 N TRYON ST 44TH FL, CHARLOTTE, NC 28202 | DIRECTOR | 1 | $0 |
| AMY COLLINS 214 N TRYON ST 44TH FL, CHARLOTTE, NC 28202 | DIRECTOR | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 919798, ORLANDO, FL 32891-9798
- In care of
- % TRUIST BANK
- Signed the 990-PF
- LYNETTE BELL, PRESIDENT
- Phone
- (833) 307-2351
- Website
- www.truistfoundation.org
- Return prepared by
- ERNST & YOUNG US LLP
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 23-7336418
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1974
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $547,852,626
- Income (IRS master file)
- $290,922,927
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $179,189,277 | $70,061,113 | $547,852,626 | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $13,948,262 | $70,093,808 | $435,603,374 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7336418).
Questions about TRUIST FOUNDATION INC
- What is the EIN of TRUIST FOUNDATION INC?
- The employer identification number (EIN) of TRUIST FOUNDATION INC is 23-7336418.
- Is TRUIST FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1974.
- Are donations to TRUIST FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does TRUIST FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of TRUIST FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did TRUIST FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of TRUIST FOUNDATION INC?
- The 990-PF for the year ended December 31, 2024 lists 12 people; 0 received compensation from the organization.
- How much revenue does TRUIST FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $179,189,277, expenses of $70,061,113 and total assets of $547,852,626 at year end.
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