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First Citizens Foundation is a private corporation based in RALEIGH, NC. The foundation received its IRS ruling in 2002. The principal officer is First Citizens Bank. It holds total assets of $12.4M. Annual income is reported at $3.2M. The foundation is governed by 2 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. Tax records are available from 2020 to 2023. Grantmaking is concentrated in South Carolina. According to available records, First Citizens Foundation has made 117 grants totaling $2.3M, with a median grant of $10K. Annual giving has grown from $724K in 2020 to $1.5M in 2022. Individual grants have ranged from $3K to $250K, with an average award of $19K. The foundation has supported 69 unique organizations. The foundation primarily supports organizations in South Carolina, North Carolina, Virginia, which account for 97% of all grants. Grantmaking reaches organizations across 5 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$5K
Median Grant
$17K
Average Grant
$19K
Largest Grant
$50K
Based on 39 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
First Citizens Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 117 grants. Its grantmaking reaches organizations primarily in SC, NC, VA.
First Citizens Foundation has distributed a total of $2.3M across 117 grants. The median grant size is $10K, with an average of $19K. Individual grants have ranged from $3K to $250K.
The application deadline is NO RESTRICTIONS. No restrictions.
First Citizens Foundation is headquartered in RALEIGH, NC. While based in NC, the foundation distributes grants to organizations across 5 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Frank B Holding Jr | CHAIRMAN | $0 | $0 | N/A |
| Hope H Bryant | DIRECTOR | $0 | $0 | N/A |
Total Giving
$837K
Total Assets
$12.3M
Fair Market Value
$13.6M
Net Worth
$12.3M
Grants Paid
$759K
Contributions
N/A
Net Investment Income
$353K
Distribution Amount
$644K
Total: $11.8M
Total Grants
117
Total Giving
$2.3M
Average Grant
$19K
Median Grant
$10K
Unique Recipients
69
Most Common Grant
$10K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Nc Museum Of ArtGENERAL | Raleigh, NC | $250K | 2022 |
| Richland County SchoolGENERAL PURPOSE | Columbia, SC | $70K | 2022 |
| Spoleto Festival UsaGENERAL | Charleston, SC | $30K | 2022 |
| Midlands Housing AllianceFUNDING TO SUPPORT HOUSING | Columbia, SC | $25K | 2022 |
| United Way Of Midland CountyGENERAL PURPOSE | Midland, MI | $25K | 2022 |
| Dickerson Children'S AdvocacyGENERAL FUNDING | Lexington, SC | $25K | 2022 |
| Camp Cole Foundation IncGENERAL PURPOSE | Eastover, SC | $25K | 2022 |
| Clemson Area Retirement Center FoundatioGENERAL PURPOSE | Clemson, SC | $25K | 2022 |
| WelvistaGENERAL | Columbia, SC | $21K | 2022 |
| Governor'S School For The ArtsGENERAL | Norfolk, VA | $20K | 2022 |
| Southeastern Wildlife Exposition IncGENERAL PURPOSE | Charleston, SC | $15K | 2022 |
| Home Works Of America IncHOMEOWNERS ASSISTANCE | Columbia, SC | $15K | 2022 |
| Best NcGENERAL FUNDING | Cary, NC | $15K | 2022 |
| Clarendon Hall School IncEDUCATION GRANT | Summerton, SC | $11K | 2022 |
| Charleston Day School IncGENERAL PURPOSE | Charleston, SC | $10K | 2022 |
| The Samaritan House Of Orangeburg CountyGENERAL PURPOSE | Orangeburg, SC | $10K | 2022 |
| The Greenwood PromiseGENERAL | Greenwood, SC | $10K | 2022 |
| Greenville Center For Creative ArtGENERAL | Greenville, SC | $10K | 2022 |
| City Of Goose Creek Berkeley CountyTO FUND & SPONSOR THE | Goose Creek, SC | $10K | 2022 |
| Partners For Lancaster CountyGENERAL PURPOSE | Irvington, VA | $10K | 2022 |
| Greenwood County Community FoundationGENERAL PURPOSE | Greenwood, SC | $10K | 2022 |
| Smith Medical ClinicGENERAL PURPOSE | Pawleys Island, SC | $10K | 2022 |
| Boys & Girls Clubs Of The UpstateGENERAL PURPOSE | Spartanburg, SC | $10K | 2022 |
| I58 IncGENERAL PURPOSE | Chester, SC | $10K | 2022 |
| Citizens United For Redevelopment And EcGENERAL PURPOSE | Chester, SC | $10K | 2022 |
| Richland Library Friends And FoundationGENERAL PURPOSE | Columbia, SC | $10K | 2022 |
| Anderson Interfaith MinistriesGENERAL PURPOSE | Anderson, SC | $10K | 2022 |