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.
FY24 https://www.truist.com/content/dam/truist-bank/us/en/documents/infographic/foundation-2024-by-the-numbers.pdf
FY20 https://www.truist.com/content/dam/truist/us/en/documents/infographic-pdf/foundation-2020-impact.pdf