Educational Funding of the South Inc
Financial literacy services, and need-based scholarships
Educational Funding of the South Inc at a glance
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.
- Annual giving (2021)
- $27,000
- -85.8% vs 2020
- Grants made (2021)
- 4
- -82.6% vs 2020
- Average grant
- $6,750
- -18.3% vs 2020
- Median grant
- $7,000
- Primary geography
- Tennessee (100% of itemized 2021 grant dollars)
- Latest 990 filing
- Form 990 filing, 2021 View filing
Data from IRS Form 990 filing, 2021; updated September 2026.
Who Educational Funding of the South Inc funds
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%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2021 grant dollars across all 4 itemized grants.
States
Cities
Giving History
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.
Grants by year
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 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2021 | — | $32,440,997 | $33,709,441 | $27,000 | 4 | $1,584,104 |
| 2020 | $856,801,782 | $44,506,189 | $45,792,416 | $190,000 | 23 | $559,742 |
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
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.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2021
Live grants for the work Educational Funding of the South Inc funds
Public, Societal Benefit Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Educational Funding of the South Inc's focus areas in our free grants database
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