Banksouth Foundation Ltd
Banksouth Foundation Ltd is a private foundation, based in Greensboro, GA. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $1.3M in total assets. In 2025, it awarded 7 grants totaling $308K. Net investment income was $27K.
Banksouth Foundation Ltd at a glance
In short: Banksouth Foundation Ltd gave $308K across 7 grants in 2025 (avg $44K), mostly in Georgia. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $307,500
- -6.1% vs 2024
- Grants made (2025)
- 7
- -30.0% vs 2024
- Average grant
- $43,929
- +34.2% vs 2024
- Median grant
- $5,000
- Total assets
- $1,290,357
- +10.1% vs 2024
- Primary geography
- Georgia (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Banksouth Foundation Ltd funds
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2025
The largest 2025 recipient was Atlas Ministries ($250K). Together the top 7 received $308K.
Grant Size Distribution
37 grants across all recorded years
The most common grant size was under $50K: 35 grants of 37 (95%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 7 itemized grants.
Cities
How Banksouth Foundation Ltd gives
- Giving grew 541% from 2022 to 2025. Method
- In 2025 it paid out 523% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $42K (2021) to $327K (2024). In 2025 it made 7 grants totaling $308K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Atlas Ministries Greensboro, GA | Other Local Organizations | $250,000 |
| Thillen Education Foundation Greensboro, GA | Mentorship/Scholarship for GC HS | $30,000 |
| Victory Train Greensboro, GA | Early Childhood Education | $7,500 |
| UGA Mary Claire McCommons Athens, GA | Higher Education | $5,000 |
| UNG Jayla Turner Dahlonega, GA | Higher Education | $5,000 |
| Central Ga Tech Adeline Shuman Warner Robins, GA | Higher Education | $5,000 |
| Neighbors Helping Neighbors Eatonton, GA | Community Benevolence | $5,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $1,290,357 | $427,295 | $309,157 | $307,500 | 7 | $307,500 | $27,295 | $58,766 |
| 2024 | $1,172,219 | $302,296 | $329,962 | $327,400 | 10 | $327,400 | $38,596 | $58,123 |
| 2023 | $1,199,885 | $54,137 | $86,227 | $84,780 | 8 | $84,780 | $38,742 | $59,522 |
| 2022 | $1,231,975 | $27,103 | $49,887 | $48,000 | 6 | $49,887 | $7,053 | $60,976 |
| 2021 | $1,254,759 | $3,545 | $45,189 | $42,335 | 6 | $44,966 | $3,545 | $62,214 |
| 2020 | $1,296,403 | $48,641 | $211,809 | $207,953 | 18 | — | $7,896 | $68,912 |
Under IRS private-foundation payout rules, Banksouth Foundation Ltd reported a distributable amount of $59K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Banksouth Foundation Ltd is led by Harold Reynolds, CEO & Director on every filing since 2020; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Harold Reynolds
CEO & Director
On filings since 2020
No compensation reported
Frances Strickland
Director
On filings since 2020
No compensation reported
Richard Schmidt
Director
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Banksouth Foundation Ltd
How much does Banksouth Foundation Ltd give each year?
Banksouth Foundation Ltd gave $308K across 7 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $327K across 10 grants.
What is Banksouth Foundation Ltd's typical grant size?
Banksouth Foundation Ltd's median grant in 2025 was $5,000, and its average grant was $43,929, across 7 grants on its 2025 IRS Form 990-PF.
Where does Banksouth Foundation Ltd give grants?
Banksouth Foundation Ltd gives mostly in Georgia: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Greensboro, GA (3 grants).
Does Banksouth Foundation Ltd give general operating support?
Not in 2025: none of the 7 grants with a stated purpose on Banksouth Foundation Ltd's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Higher Education" (3 grants).
Who are Banksouth Foundation Ltd's largest grantees?
Banksouth Foundation Ltd's largest 2025 grantees include Atlas Ministries ($250,000), Thillen Education Foundation ($30,000) and Victory Train ($7,500), according to its 2025 IRS Form 990-PF. Together they received 93% of its itemized 2025 grant dollars.
How large is Banksouth Foundation Ltd?
Banksouth Foundation Ltd reported $1.3M in total assets on its 2025 IRS Form 990-PF. It paid out $308K in qualifying distributions that year, against a required minimum of $59K (roughly 5% of its investment assets).
What is Banksouth Foundation Ltd's EIN?
Banksouth Foundation Ltd's EIN (Employer Identification Number) is 58-1541701. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 14, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 14, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS February 8, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS August 14, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS June 3, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS March 8, 2026)
- IRS filings on file for fiscal years 2020–2025
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