Banksouth Foundation Ltd
Banksouth Foundation Ltd is a private foundation, based in GREENSBORO, GA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.2M in total assets. In 2024, it awarded 10 grants totaling $327K. Net investment income was $39K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.2M
-2.3% YoY
Annual Giving
$327K
+286.2% YoY
Grant Count
10
+25.0% YoY
Avg Grant Size
$33K
+208.9% YoY
Under IRS private-foundation payout rules, Banksouth Foundation Ltd reported a distributable amount of $58K for 2024 — the minimum it must pay out in qualifying distributions.
About Banksouth Foundation Ltd
Based on IRS filings
Banksouth Foundation Ltd is a private foundation, based in GREENSBORO, GA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.2M in total assets. In 2024, it awarded 10 grants totaling $327K. Net investment income was $39K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,172,219 | $1,199,885 | $1,231,975 |
| Revenue | $302,296 | $54,137 | $27,103 |
| Expenses | $329,962 | $86,227 | $49,887 |
| Qualifying Distributions | $327,400 | $84,780 | $49,887 |
| Net Investment Income | $38,596 | $38,742 | $7,053 |
| Distributable Amount | $58,123 | $59,522 | $60,976 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
48 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Atlas Ministries ($250,000), United Way of Valdosta ($18,050), United Way of Augusta ($18,050).
| Recipient | Purpose | Amount |
|---|---|---|
| ATHENS ACADEMY ATHENS, GA | EDUCATION | $5,300 |
| CARSON RAY MADISON, GA | HURRICANE RELIEF | $1,000 |
| CHRISTIAN SMITHMOREHOUSE COLLEGE UNION POINT, GA | SCHOLARSHIP | $5,000 |
| COMMUNITY SUSTAINABILITY ENTERPRISE LAWRENCEVILLE, GA | BENEVOLENT | $10,000 |
| GABRIELLA BLYTHEUNIV OF GEORGIA GREENSBORO, GA | SCHOLARSHIP | $5,000 |
| MARSIA WILLIAMSGEORGIA COLLEGE UNION POINT, GA | SCHOLARSHIP | $5,000 |
| UNITED WAY OF VALDOSTA VALDOSTA, GA | HURRICANE RELIEF | $18,050 |
| UNITED WAY OF AUGUSTA AUGUSTA, GA | HURRICANE RELIEF | $18,050 |
| ATLAS MINISTRIES GREENSBORO, GA | OTHER LOCAL ORGANIZATIONS | $250,000 |
| SASVANNAH TECH COLLEGE FDN SAVANNAH, GA | EDUCATION | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| HAROLD REYNOLDS | CEO & DIRECT | — | — |
| RICHARD SCHMIDT | DIRECTOR | — | — |
| FRANCES STRICKLAND | DIRECTOR | — | — |
Frequently Asked Questions
How large is Banksouth Foundation Ltd?
As of 2024, Banksouth Foundation Ltd holds $1.2M in total assets with $302K in annual revenue. It awarded 10 grants totaling $327K in 2024.
Where does Banksouth Foundation Ltd operate?
Banksouth Foundation Ltd has awarded grants in Alabama, Georgia, Missouri, Virginia.
What size grants does Banksouth Foundation Ltd award?
In 2024, Banksouth Foundation Ltd awarded 10 grants totaling $327K — an average of about $33K per grant, based on its IRS Form 990 filings.
How much is Banksouth Foundation Ltd required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Banksouth Foundation Ltd reported a distributable amount of $58K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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