Deadline: 30-Nov-20
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 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 considers:
- Organization/community coordination and support
- Timeliness and precedence
- Organization management and governance
- Human value and self-help emphasis
- The ultimate benefit to the community
- Financial management and sources of income
- Distinctive features
- Community impact
- Implementation of a strategic plan
Eligibility 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 https://www.truist.com/truist-foundation/grant-application
