Countybank Foundation
Countybank Foundation is a corporate foundation based in Greenwood, South Carolina, established in 1971. The foundation was created by Countybank to fulfill its mission to improve every community it serves through charitable giving and community support.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$81K
+676100.0% YoY
Annual Giving
$158K
+9.6% YoY
Grant Count
45
+73.1% YoY
Avg Grant Size
$4K
-36.7% YoY
Mission & Focus Areas
The foundation supports organizations involved with:
- Heart disease
- Community economic development
- Healthcare
- Human services
- Education
- Philanthropy and voluntarism
The foundation's approach emphasizes intentional and purposeful allocation of funds. Leadership solicits feedback from bankers in the markets Countybank serves to ensure funding decisions address the most pressing needs within each community, recognizing that priorities may vary across different markets.
Grantmaking
The foundation separates sponsorship opportunities from financial commitments to nonprofit and charitable organizations. The foundation contributed more than $150,000 to community organizations in 2021 and made donations totaling $10,000 to local charitable organizations across multiple communities in a recent holiday season giving initiative.
Grant Range
$1,500
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in South Carolina and New York, with particular focus on communities where Countybank operates, including:
- Greenwood
- Greenville
- Greer
- Simpsonville
- Anderson
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Most Recent Filing (Fiscal Year Ending August 2024):
- Total assets: $81,144
- Total revenues: $238,932
- Total grants and contributions: $238,900
- Total expenses: $157,800
- Investment income and dividends: $32
Prior Year (Fiscal Year Ending August 2023):
- Total grants and contributions: $144,000
The foundation experienced 65.9% growth in grants and contributions between fiscal years 2023 and 2024.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $81,144 | $12 | $10 |
| Revenue | $238,932 | $144,002 | $127,850 |
| Expenses | $157,800 | $144,000 | $127,850 |
| Qualifying Distributions | $157,800 | $144,000 | $127,850 |
| Net Investment Income | $32 | $2 | — |
| Distributable Amount | — | — | — |
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
144 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Board of Trustees:
- George W Ballentine Jr.
- Stephen L Davis
- R Thornwell Dunlap III (President and CEO of Countybank)
- David C King
- Megha S Lal
- Julian J Nexsen Jr.
- John H Stroud
- Wes McMullan
Bank Leadership:
- Ken Harper, Executive Vice President and Chief Banking Officer
The foundation operates with limited staffing and no paid employees, relying on volunteer trustees.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| GEORGE W BALLENTINE JR | TRUSTEE | — | — |
| STEPHEN L DAVIS | TRUSTEE | — | — |
| R THORNWELL DUNLAP III | TRUSTEE | — | — |
| DAVID C KING | TRUSTEE | — | — |
| MEGHA S LAL | TRUSTEE | — | — |
| JULIAN J NEXSEN JR | TRUSTEE | — | — |
| JOHN H STROUD | TRUSTEE | — | — |
| WES MCMULLAN | TRUSTEE | — | — |
Recent News & Activity
Recent developments and announcements
The foundation makes regular charitable donations throughout the year, with recent giving focused on:
Immediate human services needs
Feeding the hungry
Healthcare organizations
Educational institutions
Recent recipients include Project Host, Greer Soup Kitchen, Greenwood Soup Kitchen, Greenwood Food Bank, Community Initiatives, Center for Community Services, and Anderson Interfaith Ministries. The foundation also awards scholarships to students at Piedmont Technical College.
Bristol County Savings Bank's Foundation Awards $2.8 million in Grants inRelated Funders
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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