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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. Total assets have grown from $11.6M in 2011 to $16.3M in 2024. The foundation is governed by 11 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. Tax records are available from 2020 to 2024. The foundation primarily funds organizations in North Carolina and Virginia. 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.
Smallest Grant
$1K
Median Grant
$5K
Average Grant
$9K
Largest Grant
$50K
Based on 85 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
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 | N/A |
| David L Sauls | TREASURER | $0 | $0 | N/A |
| Hope M Fields | SECRETARY | $0 | $0 | N/A |
| Genetta B Goodman | ASSISTANT TREASURER | $0 | $0 | N/A |
| Drew M Covert | PRESIDENT & DIRECTOR | $0 | $0 | N/A |
| Dan R Ellis | VICE PRESIDENT & INVESTMENT OFFICER | $0 | $0 | N/A |
| John C Pegram Jr | DIRECTOR | $0 | $0 | N/A |
| Julian R Aycock | DIRECTOR | $0 | $0 | N/A |
| William H Bryan | DIRECTOR | $0 | $0 | N/A |
| Hope H Bryant | DIRECTOR | $0 | $0 | N/A |
| John H Gray | ASSISTANT TREASURER | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$16.3M
Fair Market Value
N/A
Net Worth
$15.9M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
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 |
|---|---|---|---|
| Nc Aquarium Society IncGeneral Operations and Support | Raleigh, NC | $125K | 2023 |
| Pitt Community College Foundation IGeneral Operations and Support | Merry Hill, NC | $50K | 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 |
| 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 |
| Carolinas Gateway PartnershipGeneral Operations and Support | Rocky Mount, NC | $20K | 2023 |
| Cape Henry CollegiateGeneral Operations and Support | Virginia Beach, VA | $20K | 2023 |
| Hyde County 4-H Livestock ShowGeneral Operations and Support | Swan Quarter, NC | $20K | 2023 |
| Chesapeake General Healthcare FoundationGeneral Operations and Support | Chesapeake, VA | $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 |
| Junior Achievement Of Eastern North CarolinaGeneral Operations and Support | Raleigh, NC | $10K | 2023 |
| Friends Of Jockey'S Ridge IncGeneral Operations and Support | Nags Head, NC | $10K | 2023 |
| Cale Community FoundationGeneral Operations and Support | Hertford, NC | $10K | 2023 |
| Ymca Of The Triangle AreaGeneral Operations and Support | Raleigh, NC | $10K | 2023 |
| Wayne Health FoundationGeneral Operations and Support | Goldsboro, NC | $10K | 2023 |
| Town Of KenansvilleGeneral Operations and Support | Kenansville, NC | $10K | 2023 |
| The Foundation Of Wayne Comm CollegeGeneral Operations and Support | Goldsboro, NC | $10K | 2023 |
| Frankie Lemmon Foundation IncGeneral Operations and Support | Raleigh, NC | $10K | 2023 |
| Dakota Children'S Advocacy CenterGeneral Operations and Support | Bismarck, ND | $10K | 2023 |
| Beach Food Pantry IncGeneral Operations and Support | Kitty Hawk, NC | $10K | 2023 |
| La Grange Arts Council FoundationGeneral Operations and Support | La Grange, NC | $10K | 2023 |
| Hope Preparatory SchoolGeneral Operations and Support | Groveland, FL | $10K | 2023 |
| Community Care Clinic Of DareGeneral 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 |
| North Carolina Symphony Society IncGeneral Operations and Support | Raleigh, NC | $8K | 2023 |
| Alsacst Jude Childrens Research HospitalGeneral Operations and Support | Memphis, TN | $8K | 2023 |
| Hope House Foundation IncGeneral Operations and Support | Norfolk, VA | $7K | 2023 |
| Boy Scouts Of America - Tuscarora CouncilGeneral Operations and Support | Goldsboro, NC | $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 |
| North Carolina Pickle FestivalGeneral Operations and Support | Mount Olive, NC | $5K | 2023 |
| Habitat For Humanity Of Wake CountyGeneral Operations and Support | Raleigh, 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 |
| Nc Lions Vip Fishing TournamentGeneral Operations and Support | Sherrils Ford, NC | $5K | 2023 |
| Community Development Foundation Of Rocky MtGeneral Operations and Support | Rocky Mount, NC | $5K | 2023 |
| A Touch Of The Fathers Love IncGeneral Operations and Support | Spring Hope, NC | $5K | 2023 |
| East Carolina University Foundation IncGeneral Operations and Support | Greenville, NC | $5K | 2023 |
| Mount Olive Community Development CorpGeneral Operations and Support | Mount Olive, NC | $5K | 2023 |
| Mount Olive Area Historical SocietyGeneral Operations and Support | Mount Olive, NC | $5K | 2023 |