//
Southern Bank Foundation is a private corporation based in MOUNT OLIVE, NC. The foundation received its IRS ruling in 1997. The principal officer is % David Sauls. It holds total assets of $16.3M. Annual income is reported at $3.2M. The foundation operates in the area of philanthropy & grantmaking. According to available records, Southern Bank Foundation has made 358 grants totaling $3.2M, with a median grant of $5K. The foundation has distributed between $742K and $921K annually from 2020 to 2023. Individual grants have ranged from $500 to $200K, with an average award of $9K. The foundation has supported 215 unique organizations. The foundation primarily supports organizations in North Carolina, Virginia, Tennessee, which account for 96% of all grants. Grantmaking reaches organizations across 11 states. Contributions to this foundation are tax-deductible.
Southern Bank Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 358 grants. Its grantmaking reaches organizations primarily in NC, VA, TN.
Southern Bank Foundation has distributed a total of $3.2M across 358 grants. The median grant size is $5K, with an average of $9K. Individual grants have ranged from $500 to $200K.
Southern Bank Foundation is a private foundation. To inquire about grants, you can look up the foundation using their EIN (562002871) on GuideStar or contact them directly. Many private foundations have specific application processes that may not be publicly listed.
Southern Bank Foundation is headquartered in MOUNT OLIVE, NC. While based in NC, the foundation distributes grants to organizations across 11 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Lisa R Sanderson | ASSISTANT SECRETARY | $0 | $0 | $0 |
| David L Sauls | TREASURER | $0 | $0 | $0 |
| Hope M Fields | SECRETARY | $0 | $0 | $0 |
| Genetta B Goodman | ASSISTANT TREASURER | $0 | $0 | $0 |
| Drew M Covert | PRESIDENT & DIRECTOR | $0 | $0 | $0 |
Total Giving
$989K
Total Assets
$15.9M
Fair Market Value
$17.6M
Net Worth
$15.6M
Grants Paid
$921K
Contributions
$0
Net Investment Income
$1.8M
Distribution Amount
$817K
Total: $8.2M
Total Grants
358
Total Giving
$3.2M
Average Grant
$9K
Median Grant
$5K
Unique Recipients
215
Most Common Grant
$5K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Aces For AutismGeneral Operations and Support | Greenville, NC | $5K | 2023 |
| Nc Aquarium Society IncGeneral Operations and Support | Raleigh, NC | $125K | 2023 |
| Outer Banks Hosptial Development CouncilGeneral Operations and Support | Nags Head, NC | $50K | 2023 |
| City Of Refuge Foundation IncGeneral Operations and Support | Rocky Mount, NC | $50K | 2023 |
| Pitt Community College Foundation IGeneral Operations and Support | Merry Hill, NC |
| Dan R Ellis |
| VICE PRESIDENT & INVESTMENT OFFICER |
| $0 |
| $0 |
| $0 |
| John C Pegram Jr | DIRECTOR | $0 | $0 | $0 |
| Julian R Aycock | DIRECTOR | $0 | $0 | $0 |
| William H Bryan | DIRECTOR | $0 | $0 | $0 |
| Hope H Bryant | DIRECTOR | $0 | $0 | $0 |
| John H Gray | ASSISTANT TREASURER | $0 | $0 | $0 |
| $50K |
| 2023 |
| Hospice House Of Hampton RoadsGeneral Operations and Support | Virginia Beach, VA | $25K | 2023 |
| Wilmington Area Rebuilding Ministry IncGeneral Operations and Support | Wilmington, NC | $25K | 2023 |
| Sylvan Heights Waterfowl Park And EGeneral Operations and Support | Scotland Neck, NC | $25K | 2023 |
| Cape Henry CollegiateGeneral Operations and Support | Virginia Beach, VA | $20K | 2023 |
| Chesapeake General Healthcare FoundationGeneral Operations and Support | Chesapeake, VA | $20K | 2023 |
| Hyde County 4-H Livestock ShowGeneral Operations and Support | Swan Quarter, NC | $20K | 2023 |
| Carolinas Gateway PartnershipGeneral Operations and Support | Rocky Mount, NC | $20K | 2023 |
| The Rose & Womble FoundationGeneral Operations and Support | Virginia Beach, VA | $19K | 2023 |
| Kramden InstituteGeneral Operations and Support | Durham, NC | $19K | 2023 |
| Men Of FicGeneral Operations and Support | Mount Olive, NC | $15K | 2023 |
| Boys & Girls Clubs Of The Coastal PlainGeneral Operations and Support | Winterville, NC | $15K | 2023 |
| Virginia Museum Of Contemporary ArtsGeneral Operations and Support | Virginia Beach, VA | $15K | 2023 |
| Wayne County Development Alliance IGeneral Operations and Support | Goldsboro, NC | $12K | 2023 |
| Hope Preparatory SchoolGeneral Operations and Support | Groveland, FL | $10K | 2023 |
| Junior Achievement Of Eastern North CarolinaGeneral Operations and Support | Raleigh, NC | $10K | 2023 |
| La Grange Arts Council FoundationGeneral Operations and Support | La Grange, NC | $10K | 2023 |
| Cale Community FoundationGeneral Operations and Support | Hertford, NC | $10K | 2023 |
| Town Of KenansvilleGeneral Operations and Support | Kenansville, NC | $10K | 2023 |
| Community Care Clinic Of DareGeneral Operations and Support | Nags Head, NC | $10K | 2023 |
| Ymca Of The Triangle AreaGeneral Operations and Support | Raleigh, NC | $10K | 2023 |
| Dakota Children'S Advocacy CenterGeneral Operations and Support | Bismarck, ND | $10K | 2023 |
| The Foundation Of Wayne Comm CollegeGeneral Operations and Support | Goldsboro, NC | $10K | 2023 |
| Wayne Health FoundationGeneral Operations and Support | Goldsboro, NC | $10K | 2023 |
| Beach Food Pantry IncGeneral Operations and Support | Kitty Hawk, NC | $10K | 2023 |
| Frankie Lemmon Foundation IncGeneral Operations and Support | Raleigh, NC | $10K | 2023 |
| Friends Of Jockey'S Ridge IncGeneral Operations and Support | Nags Head, NC | $10K | 2023 |
| Pitt County Committee Of 100General Operations and Support | Greenville, NC | $10K | 2023 |
| The Elizabethan Gardens IncGeneral Operations and Support | Manteo, NC | $8K | 2023 |
| Alsacst Jude Childrens Research HospitalGeneral Operations and Support | Memphis, TN | $8K | 2023 |
| North Carolina Symphony Society IncGeneral Operations and Support | Raleigh, NC | $8K | 2023 |
| Boy Scouts Of America - Tuscarora CouncilGeneral Operations and Support | Goldsboro, NC | $7K | 2023 |
| Hope House Foundation IncGeneral Operations and Support | Norfolk, VA | $7K | 2023 |
| Business Consortium For Arts SupportGeneral Operations and Support | Norfolk, VA | $7K | 2023 |
| University Of Mount Olive (003689)General Operations and Support | Mount Olive, NC | $7K | 2023 |
| Fellowship Of Christian AthletesGeneral Operations and Support | Raleigh, NC | $6K | 2023 |
| Alkebulan Community ReformGeneral Operations and Support | Mount Olive, NC | $5K | 2023 |
| Arts Council Of WilsonGeneral Operations and Support | Wilson, NC | $5K | 2023 |
| Boys & Girls Club Of The AlbemarleGeneral Operations and Support | Elizabeth City, NC | $5K | 2023 |
| Coastal Christian High SchoolGeneral Operations and Support | Wilmington, NC | $5K | 2023 |
| Community Development Foundation Of Rocky MtGeneral Operations and Support | Rocky Mount, NC | $5K | 2023 |
| East Carolina University Foundation IncGeneral Operations and Support | Greenville, NC | $5K | 2023 |
| Food Bank Of Central & Eastern Nc IGeneral Operations and Support | Raleigh, NC | $5K | 2023 |
| Food Bank Of Southeastern VirginiaGeneral Operations and Support | Norfolk, VA | $5K | 2023 |
| Free Will Baptist Children'S Home IncGeneral Operations and Support | Middlesex, NC | $5K | 2023 |
| Habitat For Humanity Of Wake CountyGeneral Operations and Support | Raleigh, NC | $5K | 2023 |
© 2026 Granted AI