Southern Bank Foundation
EIN 562002871Total Given 2020–2024
$4.4M
459 grants · $878K avg/year
based on 5 yrs of IRS 990-PF records on file
$100K+/yr
local funder
capacity
$5K
typical small grants · $3K–$10K
grant size
47%
supporter · 120/256 multi-year
repeat
$19.2M
Assets (2024)
256
Distinct Recipients
Application Information
Accepts Unsolicited Proposals
Unknown
Contact Person
SOUTHERN BANK FOUNDATION DAVID L SA
Phone
(919) 658-7000
Deadlines
NONE
How to Apply
SOUTHERN BANK FOUNDATION REQUEST FOR GRANT
Restrictions
NONE
Financial Trends
Giving Over Time
Total Assets Over Time
View financial data as table
| Year | Total Giving | Total Assets | Revenue | Grants |
|---|---|---|---|---|
| 2020 | $820K | $17.7M | $884K | 86 |
| 2021 | $742K | $18.1M | $1.2M | 85 |
| 2022 | $747K | $16.6M | $726K | 89 |
| 2023 | $921K | $17.6M | $1.8M | 98 |
| 2024 | $1.2M | $19.2M | $1.5M | 101 |
Grant Size Distribution
Based on 459 grants on record
Minimum
$300
25th Pctl
$3K
Median
$5K
Average
$10K
75th Pctl
$10K
Maximum
$200K
Geographic Distribution
Texas Counties Served
0.2% of US grants
· Rank #9 of 11 states
$900 across
1 grant
1 of 254 counties
Top 1 counties
- 1 Washington
Officers & Directors
DC
Drew M Covert
5+ yrs
President & Director
Leadership
SC
Samuel A Clark
Assistant Treasurer
Leadership
SH
Stacey D Herring
Assistant Treasurer
Leadership
JG
John H Gray
3 yrs
Assistant Treasurer
Leadership
DS
David L Sauls Jr
Treasurer
Leadership
LS
Lisa R Sanderson
5+ yrs
Assistant Secretary
Leadership
HF
Hope M Fields
3 yrs
Secretary
Leadership
HB
Hope H Bryant
5+ yrs
Director
WB
William H Bryan
5+ yrs
Director
JA
Julian R Aycock
5+ yrs
Director
JP
John C Pegram Jr
5+ yrs
Director
DC
Drew M Covert
5+ yrs
President & Director
Leadership
JG
John H Gray
3 yrs
Assistant Treasurer
Leadership
DS
David L Sauls
4 yrs
Treasurer
Leadership
HF
Hope M Fields
3 yrs
Secretary
Leadership
LS
Lisa R Sanderson
5+ yrs
Assistant Secretary
Leadership
HB
Hope H Bryant
5+ yrs
Director
WB
William H Bryan
5+ yrs
Director
JA
Julian R Aycock
5+ yrs
Director
JP
John C Pegram Jr
5+ yrs
Director
DC
Drew M Covert
5+ yrs
President & Director
Leadership
DE
Dan R Ellis
3 yrs
Vice President & Investment Officer
Leadership
DS
David L Sauls
4 yrs
Treasurer
Leadership
GG
Genetta B Goodman
3 yrs
Assistant Treasurer
Leadership
JG
John H Gray
3 yrs
Assistant Treasurer
Leadership
LS
Lisa R Sanderson
5+ yrs
Assistant Secretary
Leadership
HF
Hope M Fields
3 yrs
Secretary
Leadership
HB
Hope H Bryant
5+ yrs
Director
JP
John C Pegram Jr
5+ yrs
Director
JA
Julian R Aycock
5+ yrs
Director
WB
William H Bryan
5+ yrs
Director
DE
Dan R Ellis
3 yrs
Vice President & Investment Officer
Leadership
DC
Drew M Covert
5+ yrs
President & Director
Leadership
GG
Genetta B Goodman
3 yrs
Assistant Treasurer
Leadership
DS
David L Sauls
4 yrs
Treasurer
Leadership
JH
John L Heeden
2 yrs
Secretary
Leadership
LS
Lisa R Sanderson
5+ yrs
Assistant Secretary
Leadership
HB
Hope H Bryant
5+ yrs
Director
WB
William H Bryan
5+ yrs
Director
JA
Julian R Aycock
5+ yrs
Director
JP
John C Pegram Jr
5+ yrs
Director
DE
Dan R Ellis
3 yrs
Vice President & Investment Officer
Leadership
DC
Drew M Covert
5+ yrs
President & Director
Leadership
GG
Genetta B Goodman
3 yrs
Assistant Treasurer
Leadership
DS
David L Sauls
4 yrs
Treasurer
Leadership
LS
Lisa R Sanderson
5+ yrs
Assistant Secretary
Leadership
JH
John L Heeden
2 yrs
Secretary
Leadership
HB
Hope H Bryant
5+ yrs
Director
WB
William H Bryan
5+ yrs
Director
JA
Julian R Aycock
5+ yrs
Director
JP
John C Pegram Jr
5+ yrs
Director
Grants Awarded (459 total)
| Purpose | ||||
|---|---|---|---|---|
| University of Mount Olive College | Mount Olive, NC | $200,000 | DONATION | 2020 |
| Nc Aquarium Society Inc | Raleigh, NC | $125,000 | General Operations and Support | 2023 |
| Nc Aquarium Society Inc | Raleigh, NC | $125,000 | Public Benefit | 2024 |
| University of Mount Olive (003689) | Mount Olive, NC | $107,500 | Public Benefit | 2024 |
| City of Refuge Foundation Inc | Rocky Mount, NC | $50,000 | DONATION | 2022 |
| Outer Banks Hospital Development Council | Nags Head, NC | $50,000 | DONATION | 2022 |
| Outer Banks Hospital Development Council | Nags Head, NC | $50,000 | DONATION | 2021 |
| City of Refuge Foundation Inc | Rocky Mount, NC | $50,000 | General Operations and Support | 2023 |
| Outer Banks Hosptial Development Council | Nags Head, NC | $50,000 | General Operations and Support | 2023 |
| Pitt Community College Foundation I | Merry Hill, NC | $50,000 | General Operations and Support | 2023 |
| Outer Banks Hosptial Development Council | Nags Head, NC | $50,000 | Public Benefit | 2024 |
| Barton College (006943) | Wilson, NC | $50,000 | Public Benefit | 2024 |
| College of the Albemarle | Elizabeth City, NC | $35,000 | DONTAION | 2021 |
| North Carolina Dental Society Foundation Inc | Cary, NC | $35,000 | DONATION | 2021 |
| Chowan University | Murfreesboro, NC | $30,000 | DONATION | 2020 |
| Chowan University | Murfreesboro, NC | $25,000 | DONATION | 2022 |
| Forkids Inc | Norfolk, VA | $25,000 | DONATION | 2022 |
| Free Will Baptist Children'S Home Inc | Middlesex, NC | $25,000 | DONATION | 2022 |
| Hospice House of Hampton Roads | Virginia Beach, VA | $25,000 | DONATION | 2022 |
| Pitt Community College Foundation | Greenville, NC | $25,000 | DONATION | 2022 |
| Forkids Inc | Norfolk, VA | $25,000 | DONATION | 2020 |
| Free Will Baptist Children'S Home Inc | Middlesex, NC | $25,000 | DONATION | 2020 |
| Greenfield School | Wilson, NC | $25,000 | DONATION | 2020 |
| Nash Health Care Systems Foundation | Rocky Mount, NC | $25,000 | DONATION | 2020 |
| Nc Coastal Pines Council Girl Scout | Raleigh, NC | $25,000 | DONATION | 2020 |