Countybank Foundation

GREENWOOD, SC EIN: 23-7128545

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

Research compiled by Grantable AI from public sources. Last updated April 2026.

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

4states

Cities

AndersonCharlestonCharlotteDuncanGreenvilleGreenwoodGreerNew YorkPigeon ForgePinewoodSimpsonvilleSpartanburg

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.

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$66K$131K$197K$263K20202021202220232024
Metric202420232022
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

$0$45K$91K$136K$181K20 grants202025 grants202128 grants202226 grants202345 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

SELF REGIONAL HEALTHCARE…$25KCHURCH OF GOD HOME FOR C…$15KPIEDMONT TECHNICAL COLLEGE$13KUNITED WAY OF GREENVILLE…$10KUNITED WAY OF THE LAKELA…$10KGREER RELIEF & RESOURCES…$8KCITY OF ANDERSON - SOIRE…$6KAMERICAN HEART ASSOCIATION$5KANDERSON INTERFAITH MINI…$5KCREATIVE ADVANCEMENT CEN…$5K

Grant Size Distribution

144 grants across all recorded years

143<$50K$50–100K1$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Self Regional Healthcare Foundation ($25,000), Church of God Home for Children ($15,000), Piedmont Technical College ($12,500).

RecipientPurposeAmount
AMERICAN HEART ASSOCIATION GREENVILLE, SCGENERAL DONATION$5,000
ANDERSON INTERFAITH MINISTRIES ANDERSON, SCGENERAL DONATION$5,000
BURTON CENTER FOUNDATION GREENWOOD, SCGENERAL DONATION$1,000
CHURCH OF GOD HOME FOR CHILDREN SIMPSONVILLE, SCGENERAL DONATION$15,000
CITY OF ANDERSON - SOIREE 2024 ANDERSON, SCGENERAL DONATION$5,500
CORNERSTONE GREENWOOD, SCGENERAL DONATION$1,000
CREATIVE ADVANCEMENT CENTERS DUNCAN, SCGENERAL DONATION$5,000
FAITH HOME CHRISTIAN RECOVERY GREENWOOD, SCGENERAL DONATION$2,500
FOOD BANK OF GREENWOOD COUNTY GREENWOOD, SCGENERAL DONATION$1,000
FOOTHILLS COMMUNITY FOUNDATION ANDERSON, SCGENERAL DONATION$1,000

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

NameTitleHoursCompensation
GEORGE W BALLENTINE JRTRUSTEE
STEPHEN L DAVISTRUSTEE
R THORNWELL DUNLAP IIITRUSTEE
DAVID C KINGTRUSTEE
MEGHA S LALTRUSTEE
JULIAN J NEXSEN JRTRUSTEE
JOHN H STROUDTRUSTEE
WES MCMULLANTRUSTEE

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 in

Frequently Asked Questions

What does Countybank Foundation fund?

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.

How do I apply for a grant from Countybank Foundation?

**Grant Activity:** • Made 45 grants in the most recent filing period • Median grant size: $1,500 • Grant range: $250–$25,000 • Recent grants include: • Self Regional Healthcare Foundation: $25,000 (2024) • United Way of the Lakelands: $10,000 (2024) • United Way of Greenville County: $10,000 (2024) • Church of God Home for Children: $15,000 • Salvation Army: $500 • Faith Home: $1,500 **Grantmaking Approach:** The foundation separates sponsorship opportunities from financial commitments to nonp…

Where does Countybank Foundation make 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

What size grants does Countybank Foundation award?

In 2024, Countybank Foundation awarded 45 grants totaling $158K — an average of about $4K per grant, based on its IRS Form 990 filings.

What is Countybank Foundation's EIN?

Countybank Foundation's EIN (Employer Identification Number) is 23-7128545. IRS Form 990 filing data is available on this page for 2020–2024.

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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.

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