Funder DirectorySouthern Bank Foundation
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Private foundation (trust)EIN 562002871Est. 1997-10

Southern Bank Foundation

Mount Olive, NC 283650729

Accepts unsolicited proposals

Total Assets

$19.2M

FY 2024

Annual Giving

$1.2M

FY 2024

Grants Made

101

FY 2024

Avg Grant

$11K

FY 2024

Grant Range

$300–$125K

Typical

Deadlines

Open / rolling

Applications

Focus Areas

Private Independent Foundations

Financial Snapshot

2024 filing

Total Revenue

$1.5M

Total Expenses

$1.2M

Qualifying Distributions

$1.2M

Distributable Amount

$918K

Min. Investment Return

$939K

Payout rate 100%Arc chart showing what share of IRS distributable amount was paid out as qualifying distributions in the latest filing.100%

Payout rate

Qualifying distributions as a share of distributable amount.

Grant Range

101 grants

Grant sizes from minimum $300 through median $7K to maximum $125K, shown on a logarithmic scale.

Logarithmic scale — typical grant portfolios span orders of magnitude, so distances are proportional to multiplicative change, not dollar gaps.

Giving Over Time

4 years

Giving over time from 2020 to 2024. Peak $1.2M in 2024. Hover bars for details.

Total dollars recorded per filing year. Scale adjusts to the foundation's range.

Top Recipients

374 grants

NC AQUARIUM SOCIETY INC
$250K
2 grants
UNIVERSITY OF MOUNT OLIVE COLLEGE
$200K
1 grant
UNIVERSITY OF MOUNT OLIVE (003689)
$114K
2 grants
OUTER BANKS HOSPTIAL DEVELOPMENT COUNCIL
$100K
2 grants
CITY OF REFUGE FOUNDATION INC
$100K
2 grants
HOSPICE HOUSE OF HAMPTON ROADS
$75K
3 grants
PITT COMMUNITY COLLEGE FOUNDATION I
$75K
2 grants
KRAMDEN INSTITUTE
$66K
4 grants

Grant Size Distribution

374 grants

<$10K
305
grants
$10–50K
65
grants
$50–250K
4
grants
$250K–1M
$1–5M
$5M+

Geographic Focus

10 states

North Carolina
$3.0M
82% of total
Virginia
$551K
15% of total
Florida
$35K
1% of total
Tennessee
$30K
1% of total
North Dakota
$10K
0% of total
New York
$10K
0% of total
Ohio
$5K
0% of total
Michigan
$2K
0% of total
Texas
$900
0% of total
Alabama
$500
0% of total

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