The Truist Foundations is seeking applications to support the communities by investing in innovative nonprofits that align with the four key areas of focus: leadership development, economic mobility, thriving communities and educational equity.

The Foundation supports one-time needs that are sustainable and don’t 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.

While reviewing grants, Foundation also consider:

• Organization/community coordination and support
• Timeliness and precedence
• Organization management and governance
• Human value and self-help emphasis
• Ultimate benefit to the community
• Financial management and sources of income
• Distinctive features
• Community impact
• Implementation of a strategic plan

Criteria

When submitting an application, your organization's § 501(c)(3) status will automatically be verified by the online system, so there’s no need to submit a copy of your organization's § 501 (c)(3) federal tax exemption letter from the IRS.

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.

Questions to consider when applying

• Does the purpose of the project or program connect with leadership development, economic mobility, thriving communities or educational equity?
• What’s the sustainability plan for the project beyond this grant? Is it truly a one-time need?
• Will the grant support programs and activities to build better lives in the community served?
• Will the grant have an impact on one of the 18 listed locations?
  • Alabama, Arkansas, Florida, Georgia, Kentucky, Indiana, Maryland, Mississippi, New Jersey, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, Washington D.C., West Virginia
• Is the board of directors a good representation of the local community?
• Does the organization have good management, and is it financially stable?
• Is there any engagement with Truist teammates through board service or active volunteers?
• Does the organization or specific program have an earned revenue stream to allow it less dependence on philanthropic donations?

For more information, visit Truist Foundation.