Educational Funding of the South Inc
Financial literacy services, and need-based scholarships
Key facts about Educational Funding of the South Inc
In short: Educational Funding of the South Inc gave $27K across 4 grants in 2021 (avg $7K), mostly in Tennessee. Source: 2021 IRS Form 990 filing.
- EIN
- 58-1757969
- Latest 990 filing
- Form 990 filing, 2021
- Annual giving (2021)
- $27,000
- Grants made (2021)
- 4
- Average grant
- $6,750
- Median grant
- $7,000
- Primary geography
- Tennessee (100% of itemized 2021 grant dollars)
Data from IRS Form 990 filing, 2021; updated September 2026.
Financial Overview
From 2021 IRS Form 990 filing · View filing
Total Assets
—
Annual Giving
$27K
-85.8% YoY
Grant Count
4
-82.6% YoY
Avg Grant Size
$7K
-18.3% YoY
About Educational Funding of the South Inc
Based on IRS filings
Educational Funding of the South Inc is a nonprofit organization focused on public and societal benefit, based in Franklin, TN. IRS filing data is available from 2020 through 2021. In 2021, it awarded 4 grants totaling $27K. Net investment income was $1.6M.
Focus Areas
Ready to take the next step with Educational Funding of the South Inc?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2021 grant dollars across all 4 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2021, annual grant giving ranged from $27K (2021) to $190K (2020). In 2021 it made 4 grants totaling $27K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2021
The largest 2021 recipient was Belmont University ($7K). Together the top 4 received $27K.
Grant Size Distribution
27 grants across all recorded years
The most common grant size was under $50K: 27 grants of 27 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Belmont University Nashville, TN | Scholarships | $7,000 |
| Lipscomb University Nashville, TN | Scholarships | $7,000 |
| Vanderbilt University Nashville, TN | Scholarships | $7,000 |
| University of Memphis Memphis, TN | Scholarships | $6,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2021 | 2020 |
|---|---|---|
| Total Assets | — | $856,801,782 |
| Revenue | $32,440,997 | $44,506,189 |
| Expenses | $33,709,441 | $45,792,416 |
| Net Investment Income | $1,584,104 | $559,742 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2021
Leadership & Key People
Officers and directors from IRS filings
Educational Funding of the South Inc is led by Ron Gambill, President & CEO on every filing since 2020; all 7 officers listed in 2021 are compensated.
Officers on the 2021 filing
Ron Gambill
President & CEO
On filings since 2020
50 hrs/week
$760K (2020) → $782K (2021)
Jeff Gerkin
Director
On filings since 2020
1 hr/week
$22K (2020) → $25K (2021)
John Mays
Director
On filings since 2020
1 hr/week
$23K (2020) → $26K (2021)
Mike Ragsdale
Director
On filings since 2020
1 hr/week
$23K (2020) → $26K (2021)
Richard Smelser
Director
On filings since 2020
1 hr/week
$22K (2020) → $25K (2021)
Ken Mann
CFO
On filings since 2020
40 hrs/week
$179K (2020) → $184K (2021)
Melissa Markis
Assistant Vice President Loan Operations
On filings since 2020
40 hrs/week
$105K (2020) → $103K (2021)
Data from IRS Form 990 filings, 2020–2021. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2021 IRS filing
The highest reported compensation on the 2021 filing was $782K, to Ron Gambill (President/CEO). 7 officers or directors reported compensation on that filing.
Frequently asked questions about Educational Funding of the South Inc
How much does Educational Funding of the South Inc give each year?
Educational Funding of the South Inc gave $27K across 4 grants in 2021, according to its 2021 IRS Form 990 filing. In 2020 it gave $190K across 23 grants.
What is Educational Funding of the South Inc's typical grant size?
Educational Funding of the South Inc's median grant in 2021 was $7,000, and its average grant was $6,750, across 4 grants on its 2021 IRS Form 990 filing.
Where does Educational Funding of the South Inc give grants?
Educational Funding of the South Inc gives mostly in Tennessee: 100% of the grant dollars itemized on its 2021 IRS Form 990 filing went to recipients there. The most frequent recipient cities were Nashville, TN (3 grants).
Does Educational Funding of the South Inc give general operating support?
Not in 2021: none of the 4 grants with a stated purpose on Educational Funding of the South Inc's 2021 IRS Form 990 filing were described as general or operating support. Recurring purposes include "Scholarships" (4 grants).
What is Educational Funding of the South Inc?
Educational Funding of the South Inc is a nonprofit organization focused on public and societal benefit, based in Franklin, TN.
What is Educational Funding of the South Inc's EIN?
Educational Funding of the South Inc's EIN (Employer Identification Number) is 58-1757969. IRS Form 990 filing data is available on this page for 2020–2021.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Here's the math on researching Educational Funding of the South Inc by hand.
Explore Open Grants
Browse active grant opportunities in Educational Funding of the South Inc's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
The Community Foundation of Middle Tennessee Inc
Nashville, TN
The Community Foundation of Middle Tennessee supports nonprofits through community impact and fund-specific grants across a range of charitable areas, primarily serving Middle Tennessee. Its 2024 grants had a median of $8,500, though awards varied widely; it accepts applications for annual Special Interest Grants, but is not opening a new competitive Community Impact cycle for 2026–2027.
Assets
$832.0M
Grants
2,450
Total Given
$107.1M
Tulsa Community Foundation
Tulsa, OK
Tulsa Community Foundation supports a broad range of charitable needs, including arts and humanities, healthcare, education, scholarships, emergency assistance, and endowments. Its 2024 grants had a median of $18,560 and primarily benefited the Tulsa area and eastern Oklahoma, with grants also reaching elsewhere in the U.S.; it administers application cycles for selected funds.
Assets
$1.1B
Grants
1,066
Total Given
$158.6M
Lettie Pate Whitehead Foundation Inc
Atlanta, GA
The foundation funds need-based undergraduate scholarships for female Christian students through participating institutions in Alabama, Florida, Georgia, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee, and Virginia, and supports care for senior women at facilities in Georgia, North Carolina, and Virginia. In 2024, grants ranged from $72,500 to $2,939,000, with a median of $254,000. It does not fund individuals, and institutions not already supported are rarely added; current grantees apply through the foundation’s grant process.
Assets
$990.9M
Grants
208
Total Given
$63.3M
IBM International Foundation
Armonk, NY
The IBM International Foundation funds education and workforce programs that build 21st-century and technology job skills, including initiatives for underserved students and job seekers. Its 2024 grants ranged from $10,000 to $8.48 million, with a median of $100,000, and went to organizations across several U.S. states, especially Delaware and Massachusetts. It funds only preselected organizations and does not accept unsolicited requests.
Assets
$357.7M
Grants
16
Total Given
$11.7M
Folds of Honor Foundation
Owasso, OK
Folds of Honor funds education scholarships for spouses and children of U.S. military service members and first responders killed or disabled in service, with awards available for K–12 and higher education in the United States and its territories. Awards are up to $5,000 per academic year, based on unmet need, and are paid directly to the school. It accepts scholarship applications through an online portal during its annual application window; it does not make grants to outside applicants.
Assets
$122.3M
Grants
1,551
Total Given
$37.6M
Wollman Scholarship Fund
Birmingham, AL
Assets
$173K
Grants
9
Total Given
$10K
HCA Healthcare Foundation
Nashville, TN
HCA Healthcare Foundation funds community health and health equity, including primary care, basic needs, education, and the arts; its Middle Tennessee Fund serves nine counties, while other initiatives support communities served by HCA Healthcare. In 2024, grants ranged from $1,000 to $9.65 million, with a median of $5,000. It accepts requests through an Applicant Inquiry Form for new applicants and organizations that have not received funding in 18 months; staff provide next steps after review.
Assets
$192.7M
Grants
999
Total Given
$25.4M
Dollar General Employee Assistance
Goodletsville, TN
The foundation provides emergency financial assistance to active Dollar General employees and their families facing qualifying hardships, such as a home loss, a death, or a serious illness or injury. In 2026, grants ranged from $37 to $6,000, with a median of $2,000; all reported recipients were in Tennessee. It accepts applications from eligible employees, who must submit supporting documentation.
Assets
$5.8M
Grants
957
Total Given
$1.7M
The Community Foundation of Greater Chattanooga Inc
Chattanooga, TN
The foundation supports scholarships and community needs including affordable housing, health and wellness, workforce development, education, culture, and hunger relief, with a focus on Chattanooga and surrounding areas; Fund for Chattanooga grants prioritize organizations serving Hamilton County residents. Its 2024 grants had a median of $10,000, and a separate program offers unrestricted grants of up to $30,000. It does not describe an open unsolicited application process: prospective applicants are asked to discuss a proposal with staff, who may invite them to apply.
Assets
$245.3M
Grants
810
Total Given
$25.8M
Community Foundation of Greater Memphis Inc
Memphis, TN
The Community Foundation of Greater Memphis supports nonprofits serving West Tennessee, eastern Arkansas, and northern Mississippi across a range of community needs, with grants made mainly through donor-advised funds and several focused programs. Grant sizes vary widely; the 2025 median was $20,200, while its Nonprofit Capacity Building program averages about $15,000 and Community Solutions Grants ranged from $50,000 to $150,000. Some programs accept applications, but the profile does not state whether unsolicited requests are accepted generally.
Assets
$953.1M
Grants
761
Total Given
$134.3M
Christian Community Foundation of Memphis
Memphis, TN
The foundation supports a broad range of U.S. charities through donor-advised funds, with a particular focus on Christian ministries and community transformation in Memphis; its Hope for Memphis Fund serves eligible Gospel-centered nonprofits in the Memphis metro area. Its 2025 grants had a median of $22,050, and it accepts applications for the Hope for Memphis Fund during its stated application cycle.
Assets
$229.0M
Grants
636
Total Given
$109.7M
Chattanooga Christian Community Foundation
Chattanooga, TN
The Generosity Trust supports Christian ministries and other nonprofits, education, community and human services, and ministry students, with a strong focus on the Chattanooga area but grants nationwide. Its 2024 listed grants had a median of $18,250 and ranged from $5,002 to $2.5 million; whether it accepts unsolicited requests is not stated.
Assets
$136.1M
Grants
567
Total Given
$36.4M
More Funders in Tennessee
Educational Funding of the South Inc down — hundreds of funders to go?