Citizens & Southern Natl Bk - Ga St M B Lane

DALLAS, TX EIN: 58-6065898

Citizens & Southern Natl Bk - Ga St M B Lane is a private foundation, based in DALLAS, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $866K in total assets. In 2024, it awarded 1 grants totaling $44K. Net investment income was $84K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$866K

+4.2% YoY

Annual Giving

$44K

+34.4% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$44K

+34.4% YoY

Under IRS private-foundation payout rules, Citizens & Southern Natl Bk - Ga St M B Lane reported a distributable amount of $49K for 2024 — the minimum it must pay out in qualifying distributions.

About Citizens & Southern Natl Bk - Ga St M B Lane

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Georgia $214K (100%)

States

Georgia

Cities

Atlanta

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$866,403	$831,877	$849,827
Revenue	$93,738	$27,584	$-21,428
Expenses	$58,311	$45,205	$65,889
Qualifying Distributions	$49,186	$37,377	$54,362
Net Investment Income	$84,093	$17,074	$9,439
Distributable Amount	$49,480	$45,203	$46,473

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

5 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Georgia State University ($44,268).

Recipient	Purpose	Amount
GEORGIA STATE UNIVERSITY ATLANTA, GA	EDUCATIONAL SCHOLARSHIPS	$44,268

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
BANK OF AMERICA	TRUSTEE	1	$11,044

Frequently Asked Questions

How large is Citizens & Southern Natl Bk - Ga St M B Lane?

As of 2024, Citizens & Southern Natl Bk - Ga St M B Lane holds $866K in total assets with $94K in annual revenue. It awarded 1 grants totaling $44K in 2024.

Where does Citizens & Southern Natl Bk - Ga St M B Lane operate?

Citizens & Southern Natl Bk - Ga St M B Lane has awarded grants in Georgia.

What size grants does Citizens & Southern Natl Bk - Ga St M B Lane award?

In 2024, Citizens & Southern Natl Bk - Ga St M B Lane awarded 1 grants totaling $44K — an average of about $44K per grant, based on its IRS Form 990 filings.

How much is Citizens & Southern Natl Bk - Ga St M B Lane required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Citizens & Southern Natl Bk - Ga St M B Lane reported a distributable amount of $49K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Citizens & Southern Natl Bk - Ga St M B Lane's EIN?

Citizens & Southern Natl Bk - Ga St M B Lane's EIN (Employer Identification Number) is 58-6065898. IRS Form 990 filing data is available on this page for 2020–2024.