Truist Foundation
Overview
The Truist Foundation is the endowed private foundation of Truist Financial Corporation. It makes strategic investments via grants to nonprofit organizations. Its primary focus areas are building career pathways to economic mobility and strengthening small businesses. The foundation was formerly known as the SunTrust Foundation and was renamed in 2020 following the merger of SunTrust Bank and BB&T Bank. It provides grants for specific, sustainable needs such as new program launches, curriculum expansion, or capital needs, rather than recurring operational expenses.
Portfolio Companies
3
Website
truist.comInvestments
| Company | Date | Stage | Lead |
|---|---|---|---|
| Upwardly | - | Grant | Lead |
| Witching Hour | Aug 2024 | Grant | Co-investor |
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Sector & Stage Mix
Industry, funding stage, and valuation band breakdowns.
FAQ
Where is Truist Foundation based?
Truist Foundation is headquartered in Charlotte, North Carolina, United States.
When was Truist Foundation founded?
Founding year information for Truist Foundation is not publicly available.
How many portfolio companies does Truist Foundation have?
Truist Foundation has 3 portfolio companies in Caplight's dataset.
What are some companies in Truist Foundation's portfolio?
Portfolio companies visible on Caplight include Upwardly, Witching Hour.
What was Truist Foundation's most recent investment shown here?
Truist Foundation's most recent investment in this portfolio sample was in Witching Hour in 2024.
What sectors does Truist Foundation focus on?
Truist Foundation focuses on Enterprise Software, AI, Data & Cloud Infrastructure, Energy & Sustainability, AI, Data & Cloud Infrastructure, Enterprise Software, Frontier & Industrial Tech.
What company stages does Truist Foundation focus on?
Stage focus information for Truist Foundation is not publicly available.
What is Truist Foundation's AUM?
Truist Foundation's assets under management are estimated between $435.6M and $436.0M.