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Authority

Summary

History of Funding

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

• FY24: https://www.truist.com/content/dam/truist-bank/us/en/documents/infographic/foundation-2024-by-the-numbers.pdf
• FY23: 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 following types of organizations do not qualify to receive funding:

• Any organization that does not qualify as a tax-exempt organization under section 501(c)(3) of the U. S. Internal Revenue Code.
• Non-functionally integrated Type III supporting organizations described in Code section 509(a)(3).
• Organizations that are described in a different subsection of Code section 501(c), such as a social welfare organization described in section 501(c)(4) or a trade association described in section 501(c)(6).
• Political candidate committees, political parties, political action committees, political campaigns or lobbying activities, ballot measure committees, associations, and other political organizations.
• Religious organizations (churches, synagogues, mosques, other houses of worship) with tax status identified as 170(b)(1)(A)(i) or other organizations primarily promoting religious purposes.
• Faith-based community service organizations or schools may be considered if their programs are open to all individuals in the community regardless of religious beliefs and serve a secular purpose, such as a food pantry, homeless shelter or education.
• Private elementary and secondary schools as listed by the U.S. Department of Education's National Center For Education Statistics (NCES), unless the majority of students represent low- to moderate-income households or otherwise vulnerable children.
• Donor-advised funds, private foundations, personal trusts, endowments, individuals or families, including assistance with scholarships, humanitarian efforts, bills, or to assist specific persons following a catastrophic event, accident, or injury.
• Organizations providing grants, loans, compensation, or similar payments to donors, fund advisors, or related parties.
• Organizations that do not comply with our nondiscrimination policy, that attack or malign individuals or groups of individuals based on their demographic or other immutable characteristics or act based on other prejudices, or that have a policy of discrimination on the based on race, creed, national origin, color, religion, class, sex, sexual orientation, gender identity, age, disability, veteran status, or any other classification protected by applicable law.
• Any organization on the Office of Foreign Asset Control (OFAC) watch list, or that has an individual on the OFAC watch list, or that do not comply with their established guidelines. Additionally, Truist Foundation reserves the right to utilize other national or international watch lists when vetting organizations.
• Any organization that Truist Foundation, in its sole discretion, considers noncompliant with applicable law, controversial, or otherwise incompatible with its mission and core values.

While some organizations may meet the Qualifying organization criteria, if the request meets one or more of the Ineligible Requests criteria below, their application will be ineligible.

• Requests that provide Truist Financial teammates, Truist Financial or related parties a direct or indirect material benefit from the organization such as athletic booster club benefits, dinners or other special events.
• Requests seeking support for annual grants or general operations (except for United Way chapters), conferences without a charitable focus, documentaries and films, medical or scientific research, membership dues, scholarships, sponsorships, fundraising events or travel-related events, including student trips or tour.
• Requests related to pledges or legally-binding financial obligations made by donors, fund advisors, or related parties.
• Requests seeking support for deficit reduction.

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