Truist Financial Corporation

In collaboration with MIT Solve, Truist Foundation will provide more than $1 million in grants and in-kind services to nonprofits to help workers navigate AI-driven changes

CHARLOTTE, N.C., June 10, 2026 /PRNewswire/ -- Truist Foundation today announced the launch of its fourth Inspire Awards, a capacity-building grant program for nonprofit organizations across the markets Truist Bank serves. This year's challenge aligns to Truist Foundation's focus on creating career pathways to economic mobility and aims to upskill adult workers navigating rapid technological change in the era of artificial intelligence (AI).

The Inspire Awards Challenge is hosted in collaboration with Solve—an initiative of the Massachusetts Institute of Technology (MIT), whose mission is to find and scale innovative solutions to global problems. From now until Aug. 7, 2026, qualifying nonprofits can submit applications through MIT Solve that answer this question: 

How are nonprofits providing innovative direct services, training programs, and career navigation supports for adult workers in the age of AI? 

"Artificial intelligence is transforming the way people learn, work and prepare for the future. We want to elevate organizations that are helping workers adapt with confidence and gain access to opportunities that support long term stability," said Lynette Bell, head of Truist Philanthropy and president of Truist Foundation. "The Inspire Awards program continues to spotlight nonprofits that are innovating to create meaningful change for individuals, families and communities as the world around them rapidly evolves."

Truist Foundation and MIT Solve will provide a six-month support and development program for a cohort of six nonprofit finalists to help transform ideas into actions and help finalists strengthen and scale their solutions. The program includes a comprehensive needs assessment, learning and development modules to help refine business plans, access to a network of resource partners and coaches, and more.

At the conclusion of the support program, all finalists will receive a grant to help implement their project. The first-place nonprofit will receive a $250,000 grant, second place will receive a $150,000 grant, and a $25,000 grant will be given to each runner-up team. New this year, a Community Choice Award will earn one finalist an additional $75,000 grant—regardless of their status as a first-place, second-place or runner-up grant recipient. 

"Nonprofits are helping workers adapt to a changing economy as AI reshapes every sector," said Hala Hanna, executive director of MIT Solve. "Through our collaboration with Truist Foundation, we are elevating solutions that expand opportunity and ensure that workers across industries can thrive in the age of AI. The Inspire Awards creates a powerful space for innovators to test and scale ideas that meet the real needs of communities."

The Truist Foundation Inspire Awards has become known as a space where nonprofits share and refine approaches that respond to community priorities around key economic mobility issues. Past finalists have contributed new ideas for career navigation, broadened access to training and credentialing, and helped workers pursue skills aligned with an evolving economy. The 2026-2027 program aims to build on this momentum by identifying organizations that are addressing the challenges and opportunities created by AI and emerging technologies.

To learn more or apply, click here.

About Truist Foundation

Truist Foundation is committed to Truist Financial Corporation's (NYSE: TFC) purpose to inspire and build better lives and communities. The Foundation, an endowed private foundation established in 2020 whose operating budget is independent of Truist Financial Corporation, makes strategic investments in a wide variety of nonprofit organizations centered around two focus areas: building career pathways to economic mobility and strengthening small businesses to ensure all communities have an equal opportunity to thrive. Embodying these focus areas are the Foundation's leading initiatives—the Inspire Awards and Where It Starts. Learn more at TruistFoundation.org.

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SOURCE Truist Foundation

Move builds on Grandbridge's established Primary and Special Servicing Platform

CHARLOTTE, N.C., June 9, 2026 /PRNewswire/ -- Grandbridge Real Estate Capital, a wholly owned subsidiary of Truist Bank and Truist Bank's parent company, Truist Financial Corporation (NYSE: TFC), today announced the launch of its Master Servicing platform. This marks a significant expansion in Grandbridge's commercial mortgage servicing capability and further strengthens Truist as a national leader in commercial real estate.

The ratings position Grandbridge among a select group of institutions with the scale and expertise to oversee complex commercial mortgage-backed securities (CMBS) transactions.

Grandbridge secured Master Servicer ratings after completing the review process with all major rating agencies, building on its established primary and special servicing operations.

The reviews confirm that Grandbridge has the controls, people, and infrastructure to manage commercial mortgage loans through the full life cycle – from origination and financing to long-term administration and servicing.

"This represents a significant expansion of our business model as we continue our journey to be a full-service provider of solutions to the commercial real estate sector," said Kathy Farrell, head of Truist Asset Finance. "Master servicing deepens how we support real estate owners across the full life cycle of their assets while ensuring the success of projects that strengthen communities and improve lives."

Grandbridge is a full-service real estate lending platform that originates, finances, and services commercial and multifamily real estate loans and portfolios nationwide.

Master servicing plays a critical role in CMBS transactions by helping provide consistent administration, reporting, cash flow oversight, and portfolio performance support across large pools of commercial mortgage loans.

"This achievement demonstrates the discipline and long-term focus that define our business," said Adam Oates, head of Grandbridge. "Earning these ratings reinforces the confidence clients and investors place in us and reflects our purpose-driven approach to serving them every day."

Grandbridge has served as a primary servicer of commercial mortgage loans for more than 30 years, currently servicing CMBS, CRE CLO, Life Company, Bridge, HUD, and Agency loans. The master servicing operation is supported by Truist's balance sheet, liquidity, technology, and risk framework, providing additional assurance to investors and counterparties as market conditions evolve.

This milestone underscores Truist's commitment to delivering best-in-class capabilities to clients across industries and its ongoing investment in its Wholesale Banking platform, which provides comprehensive solutions to commercial, corporate, institutional and high-net-worth clients.

About Truist

Truist Financial Corporation is a purpose-driven financial services company committed to inspiring and building better lives and communities. Headquartered in Charlotte, North Carolina, Truist has leading market share in many of the high-growth markets in the U.S. and offers a wide range of products and services through wholesale and consumer businesses, including consumer and small business banking, commercial and corporate banking, investment banking and capital markets, wealth management, payments, and specialized lending businesses. Truist Bank, a wholly owned subsidiary of Truist Financial Corporation, is a top 10 commercial bank with total assets of $549 billion as of March 31, 2026. Truist Bank, Member FDIC. Equal Housing Lender. Learn more at Truist.com.

About Grandbridge Capital

Headquartered in Charlotte, NC, Grandbridge Real Estate Capital LLC, a subsidiary of Truist Bank, facilitates financing for permanent commercial and multifamily real estate loans; services loan portfolios; and provides asset and portfolio management through its broad investor base that includes insurance companies, CMBS investors, pension fund advisors, commercial banks and capital markets investors. The company is a Freddie Mac Optigo® lender, a Fannie Mae DUS® lender and an approved FHA MAP lender. With a current servicing portfolio of $26.7 billion, Grandbridge maintains ratings from all five major rating agencies, and services loan portfolios and provides asset and portfolio management nationwide for all capital providers including Freddie Mac, Fannie Mae, Ginnie Mae, insurance companies, banks and more than 250 securitizations.

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SOURCE Truist Financial Corporation