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Truist Foundation

 
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    CFDA#

     

    Funder Type

    Corporate Foundation

    IT Classification

    B - Readily funds technology as part of an award

    Authority

    Truist Foundation

    Summary

    B&T and SunTrust formed Truist with a shared purpose—to inspire and build better lives and communities. By providing grants in support of nonprofit organizations, the Truist Foundation can help grow their impact.


    The foundation focus areas include.

    Building career pathways to economic mobility - investing in organizations, programs, and initiatives that help systemically disadvantaged workers navigate the employment journey. Emphasis is on organizations that are closest to the most impacted communities.

    • Helping workers navigate employment resources
    • Building capacity of reskilling and upskilling programs
    • Strengthening access to high quality employment and worker protections
    • Improving coordination and sharing knowledge within the workforce system
    • Advocating for employer practice change


    Strengthening small businesses.

    • Increasing access to capital
    • Increasing access to technical assistance support and educational programs for entrepreneurs
    • Building small business networks and mentorship programs to enable more knowledge sharing
    • Researching and developing new products, technologies, and service innovations for small business
    • Increasing equity and inclusion in private and public practices and policies that impact small businesses


    The foundation supports one-time needs that are sustainable and does not commit funds to recurring expenditures. Examples include funding for a new program launch, a curriculum to expand or strengthen a program, equipment to deliver a program and capital needs.


    Capital campaign requests may be considered (1) if the purpose of the campaign aligns with the Foundation's priorities and (2) when the campaign is 60% complete toward its fundraising goal (including pledges), showing the campaign's viability and community support.

     

    History of Funding

    The Truist Foundation's fact sheet are available to view here:

    FY24 https://www.truist.com/content/dam/truist-bank/us/en/documents/infographic/foundation-2024-by-the-numbers.pdf

    FY 23 foundation-2023-by-the-numbers.pdf (truist.com)

    FY20 https://www.truist.com/content/dam/truist/us/en/documents/infographic-pdf/foundation-2020-impact.pdf

    Additional Information

    The Truist Foundation does not support:

    • Annual grants
    • General operations
    • Ongoing program operations
    • Endowments
    • Sponsorships

    Contacts

    Truist Foundation Staff

    Truist Foundation Staff
    214 North Tryon Street
    Charlotte, NC 28202
    (404) 827-6529
     

  • Eligibility Details

    Generally, only 501(c)(3) organizations are eligible for funding. However, if your organization is a § 509(a)(3) supporting organization, please include a letter from your chairman, executive director or legal counsel that outlines:

    • Whether your organization is a Type I, II or III supporting organization and the name of the supported organization(s)
    • If your organization is a Type III supporting organization, confirmation that your organization is functionally integrated with the supporting organization(s)
    • List of your organization's board of directors and their affiliations

    Neither Truist teammates nor Truist Financial can receive direct or indirect benefits from the grant.

    Deadline Details

    The foundation has three annual grant cycles. The deadlines are:

    • March 31 (notified of the outcome in July)
    • July 31 (notified of the outcome in November)
    • November 30 (notified of the outcome in April)

    Award Details

    Awards from the Truist Foundation may be up to $500,000. The most common award amount is $5,000.

    Related Webcasts Use the links below to view the recorded playback of these webcasts


    • Maximizing Technology-friendly Workforce Development Grants - Sponsored by Panasonic - Playback Available
    • Funding Data-driven Workforce Development Projects - Sponsored by NetApp - Playback Available
    • Top 10 Local Grant Programs You Won't Want to Miss in 2015 - Sponsored by Sprint - Playback Available

 

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