The L O Benton Banking Foundation is a private foundation based in Eatonton, Georgia, established in 2000. The foundation operates with limited staffing and focuses on making charitable and educational contributions to worthwhile causes across multiple states.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$6.4M
-4.2% YoY
Annual Giving
$335K
-1.5% YoY
Grant Count
23
-4.2% YoY
Avg Grant Size
$15K
+2.8% YoY
Mission & Focus Areas
The foundation's primary program is Charitable and Educational Contributions to Worthwhile Causes. Based on recent grant activity, the foundation supports:
- Education (particularly K-12 schools and youth education)
- Arts and culture
- Religion
- Fire departments
- Theater organizations
Historical grant distribution shows approximately 49% of giving directed to religion, 24% to education, and 10% to arts and culture. Approximately 86% of grants remain within Georgia.
Grantmaking
The foundation operates on a preselected basis with no specified deadlines. Applicants must contact the foundation directly to inquire about potential opportunities.
Grant Range
$250–$100,000
Review Cycle
. Applicants must contact the foundation directly to inquire about potential opportunities.
How to Apply
**
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Geographic Focus
Where this funder awards grants
The foundation funds projects across multiple states, with primary focus in Georgia. Documented funding locations include:
- Georgia: Albany, Eatonton, Greensboro, Macon, Milledgeville, Monticello, Statham
- Other states: Colorado (Colorado Springs), Michigan (Michigan Center), Texas
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Revenue (2024):
- Total assets: $6.6–$6.7 million
- Total annual giving: $340,000–$341,000
- Total revenue: $48,903–$72,521
- Total expenses: $336,984–$467,437
- Giving rate: 5.0%
Year Formed: May 9, 2000
IRS Status: 501(c)(3) private foundation; ruling year 2001; EIN 58-2568248
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $6,369,207 | $6,646,406 | $7,041,322 |
| Revenue | $48,903 | $72,521 | $-3,449,594 |
| Expenses | $336,984 | $467,437 | $985,406 |
| Qualifying Distributions | $335,450 | $340,641 | $748,087 |
| Net Investment Income | $48,903 | $72,521 | $6,655 |
| Distributable Amount | $457,679 | $317,932 | $454,971 |
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
130 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
- Lurner O Benton IV – Director (unpaid)
- Nancy T Benton – Director (unpaid)
Founder: Larner O. Benton III
Donor: Putnam Greene Financial Corporation
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| LURNER O BENTON IV | DIRECTOR | — | — |
| NANCY T BENTON | DIRECTOR | — | — |
Subject Areas
Focus areas based on grantmaking activity
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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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