Funder DirectorySPIVEY SCHOLARSHIP TRUST FIRST CITIZENS BANK
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Private foundation (trust)EIN 566235902Est. 1985-10

SPIVEY SCHOLARSHIP TRUST FIRST CITIZENS BANK

RALEIGH, NC 27626

Accepts unsolicited proposals

Total Assets

$770K

FY 2023

Annual Giving

$38K

FY 2023

Grants Made

4

FY 2023

Avg Grant

$9K

FY 2023

Grant Range

$6K–$18K

Typical

Deadlines

None graduates of gates county, north …

Applications

Programs & Activities

Program 1

All expenses detailed in part i were for specific functions necessary to administer the scholarship trust. Three student received scholarships. There were no conferences held or

Program 2

Research papers produced. The three trustees meet to decide on scholarship recipients. All income reported in part i is produced by the efforts and investment ability of the trust

Program 3

Department of first citizens bank and trust company. The income is from money market funds, us government securities & agencies, and stock mutual funds

Financial Snapshot

2023 filing

Total Revenue

$45K

Total Expenses

$46K

Qualifying Distributions

$38K

Distributable Amount

$37K

Min. Investment Return

$38K

Undistributed Income

$10K

Payout rate 100%Arc chart showing what share of IRS distributable amount was paid out as qualifying distributions in the latest filing.100%

Payout rate

Qualifying distributions as a share of distributable amount.

Grant Range

4 grants

Grant sizes from minimum $6K through median $7K to maximum $18K, shown on a logarithmic scale.

Logarithmic scale — typical grant portfolios span orders of magnitude, so distances are proportional to multiplicative change, not dollar gaps.

Giving Over Time

5 years

Giving over time from 2019 to 2023. Peak $40K in 2022. Hover bars for details.

Total dollars recorded per filing year. Scale adjusts to the foundation's range.

Top Recipients

18 grants

EAST CAROLINA UNIVERSITY
$44K
3 grants
NC STATE UNIVERSITY
$32K
3 grants
UNIVERSITY OF NORTH CAROLINA
$25K
3 grants
WILLIAM PEACE UNIVERSITY
$17K
1 grant
WESTERN CAROLINA UNIV
$17K
3 grants
ELIZABETH CITY STATE UNIVERSITY
$7K
1 grant
N C A & T UNIVERSITY
$7K
1 grant
UNIVERSITY NORTH CAROLINA AT WILMINGTON
$7K
1 grant

Grant Size Distribution

18 grants

<$10K
13
grants
$10–50K
5
grants
$50–250K
$250K–1M
$1–5M
$5M+

Geographic Focus

1 states

North Carolina
$160K
100% of total

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