Nonprofit · EIN 57-1108547
FIRST CITIZENS FOUNDATION
Tax-exempt · RALEIGH, NC 27626
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $786,298 | $667,525 | $118,773 | $12,509,404 | -$750 | $12,510,154 |
| December 31, 2024 | 990-PF | $872,092 | $761,614 | $110,478 | $12,384,864 | -$6,052 | $12,390,916 |
| December 31, 2023 | 990-PF | $97,872 | $836,876 | -$739,004 | $12,268,718 | -$1,170 | $12,269,888 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $528,593
- Interest
- $19,844
- Net gain from sales of assets
- $237,861
Expenses
- Grants and similar amounts paid
- $561,750
- Disbursements for charitable purposes
- $561,750
- Excise tax on investment income
- $9,695
Balance sheet and other
- Total assets, start of year
- $12,384,864
- Total assets, end of year
- $12,509,404
- Total liabilities, end of year
- -$750
- Net assets, end of year
- $12,510,154
- Fair market value of assets
- $16,098,507
- Qualifying distributions
- $561,750
- Net investment income
- $786,298
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| FRANK B HOLDING JR 1230 MAIN STREET, COLUMBIA, SC 29201 | CHAIRMAN | 1 | $0 |
| PETER BRISTOW 1230 MAIN STREET, COLUMBIA, SC 29201 | DIRECTOR | 1 | $0 |
990-PF for the year ended December 31, 2024: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| FRANK B HOLDING JR 1230 MAIN STREET, COLUMBIA, SC 29201 | CHAIRMAN | 1 | $0 |
| PETER BRISTOW 1230 MAIN STREET, COLUMBIA, SC 29201 | DIRECTOR | 1 | $0 |
990-PF for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| FRANK B HOLDING JR 1230 MAIN STREET, COLUMBIA, SC 29201 | CHAIRMAN | 1 | $0 |
| HOPE H BRYANT 1230 MAIN STREET, COLUMBIA, SC 29201 | DIRECTOR | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 29522, RALEIGH, NC 27626-0522
- In care of
- % FIRST CITIZENS BANK
- Signed the 990-PF
- PETER BRISTOW, DIRECTOR
- Phone
- (919) 716-2015
- Return prepared by
- ERNST & YOUNG US LLP
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-PF on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 57-1108547
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2002
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $12,509,404
- Income (IRS master file)
- $7,537,378
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $786,298 | $667,525 | $12,509,404 | IRS |
| 990-PF | December 2024 | $872,092 | $761,614 | $12,384,864 | IRS |
| 990-PF | December 2023 | $97,872 | $836,876 | $12,268,718 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 57-1108547).
Questions about FIRST CITIZENS FOUNDATION
- What is the EIN of FIRST CITIZENS FOUNDATION?
- The employer identification number (EIN) of FIRST CITIZENS FOUNDATION is 57-1108547.
- Is FIRST CITIZENS FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
- Are donations to FIRST CITIZENS FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does FIRST CITIZENS FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of FIRST CITIZENS FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FIRST CITIZENS FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of FIRST CITIZENS FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 2 people; 0 received compensation from the organization.
- How much revenue does FIRST CITIZENS FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $786,298, expenses of $667,525 and total assets of $12,509,404 at year end.
Other nonprofits in RALEIGH
- NORTH CAROLINA COMMUNITY FOUNDATION INC EIN 58-1661700 · last filed 990 for 2025
- THE ASHA AND SAJJAN AGARWAL FOUNDATION EIN 42-1747195 · last filed 990-PF for 2024
- STATE EMPLOYEES CREDIT UNION FOUNDATION EIN 56-2255292 · last filed 990-PF for 2025
- A J FLETCHER FOUNDATION EIN 23-7423031 · last filed 990 for 2024
- RALEIGH RESCUE MISSION FOUNDATION INC EIN 56-1895093 · last filed 990 for 2025
- LINDA J LEITH FAMILY FOUNDATION INC EIN 87-1063483 · last filed 990-PF for 2024
- LUDDY CHARITABLE FOUNDATION EIN 11-3660572 · last filed 990-PF for 2024
- ANONYMOUS TRUST EIN 26-6220561 · last filed 990-PF for 2025
All nonprofits in RALEIGH · North Carolina · Philanthropy, voluntarism and grantmaking foundations