The North Carolina State Capitol in Raleigh behind a flowering crape myrtle

Form 990-PFTax year 2024EIN 56-2002871

Southern Bank Foundation

A private foundation in Mount Olive, NC. Its return for tax year 2024 lists 101 grants and $1.2 million paid in grants.

Tax year 2024 (period ending Dec 31, 2024), read from the IRS e-file on Nov 11, 2026. Returns reach the IRS 5 to 18 months after the year they describe.

How to apply

Accepts applications

The return gives an application contact and rules, as below.

Contact person
On file
Phone
On file
Mailing address
On file
Form and materials
On file
Deadlines
None
Restrictions
None

Contact person, phone, mailing address and application materials on file. See them with a plan.

Assets and giving by year

5 returns on file
Grants paid by tax year. The latest year is in blue.
  • Tax year 2024

    $1,161,294

    Grants listed
    101
    Assets, end of year
    $16,297,091
  • Tax year 2023

    $920,887

    Grants listed
    98
    Assets, end of year
    $15,850,644
  • Tax year 2022

    $746,750

    Grants listed
    89
    Assets, end of year
    $15,193,905
  • Tax year 2021

    $742,450

    Grants listed
    85
    Assets, end of year
    $14,785,599
  • Tax year 2020

    $820,350

    Grants listed
    86
    Assets, end of year
    $14,881,321

Grants paid in 2024

101 grants, largest first

As listed on the return.

  1. NC Aquarium Society IncRaleigh, NC

    Public Benefit

    $125,000
  2. University of Mount Olive (003689)Mount Olive, NC

    Public Benefit

    $107,500
  3. Outer Banks Hosptial Development CouncilNags Head, NC

    Public Benefit

    $50,000
  4. Barton College (006943)Wilson, NC

    Public Benefit

    $50,000
  5. Hospice House of Hampton RoadsVirginia BCH, VA

    Public Benefit

    $25,000
  6. Pitt Community College Foundation IMerry Hill, NC

    Public Benefit

    $25,000
  7. Wilmington Area Rebuilding Ministry IncWilmington, NC

    Public Benefit

    $25,000
  8. North Carolina Weslyan UniversityRocky Mount, NC

    Public Benefit

    $25,000
  9. Roanoke Chowan Community Health Center IncMurfreesboro, NC

    Public Benefit

    $25,000
  10. Sylvan Heights Waterfowl Park and Eco Center IncScotland Neck, NC

    Public Benefit

    $25,000
  11. The Community Arts Council of Goldsboro NC IncGoldsboro, NC

    Public Benefit

    $25,000
  12. Bertie Educational FoundationMerry Hill, NC

    Public Benefit

    $25,000
  13. Girl Scouts North Carolina Coastal Pines IncRaleigh, NC

    Public Benefit

    $25,000
  14. Aapi of Hampton RoadsChesapeake, VA

    Public Benefit

    $21,500
  15. Carolinas Gateway PartnershipRocky Mount, NC

    Public Benefit

    $20,000
  16. Chesapeake General Healthcare FoundationChesapeake, VA

    Public Benefit

    $20,000
  17. Pitt County Committee of 100Greenville, NC

    Public Benefit

    $20,000
  18. RW Towne FoundationChesapeake, VA

    Public Benefit

    $20,000
  19. Kramden InstituteDurham, NC

    Public Benefit

    $19,000
  20. Virginia Museum of Contemporary ArtsVirginia Beach, VA

    Public Benefit

    $15,000
  21. Boy Scouts of America-Occoneechee CouncilRaleigh, NC

    Public Benefit

    $13,874
  22. Wayne County Development Alliance IncGoldsboro, NC

    Public Benefit

    $12,000
  23. Junior Achievement of Eastern North CarolinaRaleigh, NC

    Public Benefit

    $10,000
  24. YMCA of the Triangle AreaRaleigh, NC

    Public Benefit

    $10,000
  25. Cale Community FoundationHertford, NC

    Public Benefit

    $10,000
  26. Wayne Health FoundationGoldsboro, NC

    Public Benefit

    $10,000
  27. Beach Food Pantry IncKitty Hawk, NC

    Public Benefit

    $10,000
  28. Frankie Lemmon Foundation IncRaleigh, NC

    Public Benefit

    $10,000
  29. Hope Preparatory SchoolGroveland, FL

    Public Benefit

    $10,000
  30. Cape Henry CollegiateVirginia Beach, VA

    Public Benefit

    $10,000
  31. Habitat for Humanity of South Hampton RoadsNorfolk, VA

    Public Benefit

    $10,000
  32. Habitat for Humanity of Goldsboro-WayneGoldsboro, NC

    Public Benefit

    $10,000
  33. Covenant Homes IncRocky Mount, NC

    Public Benefit

    $10,000
  34. Nash Health Care FoundationRocky Mount, NC

    Public Benefit

    $10,000
  35. Go Global NC Council IncWake Forest, NC

    Public Benefit

    $10,000
  36. Wayne Co Livestock Dev Assoc FoundGoldsboro, NC

    Public Benefit

    $10,000
  37. NC Center for Poultry EducationPinetops, NC

    Public Benefit

    $10,000
  38. Boys & Girls Clubs of Wayne CountyGoldsboro, NC

    Public Benefit

    $10,000
  39. Choanoke Area Development AssociatiRich Square, NC

    Public Benefit

    $10,000
  40. Boy Scouts of America - Tidewater CouncilVirginia Beach, VA

    Public Benefit

    $10,000
  41. Wayne County Public Library (006449)Goldsboro, NC

    Public Benefit

    $10,000
  42. Albemarle Education Foundation IncElizabeth City, NC

    Public Benefit

    $10,000
  43. Tidewater Friends of Foster Care IncNorfolk, VA

    Public Benefit

    $10,000
  44. North Carolina Bankers Association FoundationRaleigh, NC

    Public Benefit

    $9,400
  45. The Elizabethan Gardens IncManteo, NC

    Public Benefit

    $8,000
  46. Boy Scouts of America - Tuscarora CouncilGoldsboro, NC

    Public Benefit

    $8,000
  47. Alsacst Jude Childrens Research HospitalMemphis, TN

    Public Benefit

    $7,500
  48. North Carolina Symphony Society IncRaleigh, NC

    Public Benefit

    $7,500
  49. Hope House Foundation IncNorfolk, VA

    Public Benefit

    $7,000
  50. Business Consortium for Arts SupportNorfolk, VA

    Public Benefit

    $7,000
  51. Pungo Christian Academy IncBelhaven, NC

    Public Benefit

    $6,720
  52. North Carolina Pickle FestivalMount Olive, NC

    Public Benefit

    $5,000
  53. Free Will Baptist Children's Home IncMiddlesex, NC

    Public Benefit

    $5,000
  54. HonorbridgeGreenville, NC

    Public Benefit

    $5,000
  55. Coastal Christian High SchoolWilmington, NC

    Public Benefit

    $5,000
  56. United Way of Wilson County IncWilson, NC

    Public Benefit

    $5,000
  57. Va Beach City Public Schools Education FoundationVirginia Beach, VA

    Public Benefit

    $5,000
  58. United Way of Wayne CountyGoldsboro, NC

    Public Benefit

    $5,000
  59. Arts Council of WilsonWilson, NC

    Public Benefit

    $5,000
  60. Boys & Girls Club of the AlbemarleElizabeth City, NC

    Public Benefit

    $5,000
  61. Mount Olive Area Historical SocietyMount Olive, NC

    Public Benefit

    $5,000
  62. NC Lions Vip Fishing TournamentSherrils Ford, NC

    Public Benefit

    $5,000
  63. Tar River Choral Chestral SocRocky Mount, NC

    Public Benefit

    $5,000
  64. The Southeastern Partnership II IncElizabethtown, NC

    Public Benefit

    $5,000
  65. Community Care Clinic of DareNags Head, NC

    Public Benefit

    $5,000
  66. Elizabeth City State University FoundationElizabeth Cty, NC

    Public Benefit

    $5,000
  67. Baptist Childrens Homes of NCThomasville, NC

    Public Benefit

    $5,000
  68. Town of AydenAyden, NC

    Public Benefit

    $5,000
  69. Warrior Club PTOChocowinity, NC

    Public Benefit

    $5,000
  70. Foodbank of Southeastern VirginiaNorfolk, VA

    Public Benefit

    $5,000
  71. Coopers Ruritan Foundation IncElm City, NC

    Public Benefit

    $5,000
  72. Carolina Small Business Development FundRaleigh, NC

    Public Benefit

    $5,000
  73. Breakthrough T1DNew York, NY

    Public Benefit

    $4,500
  74. Fellowship of Christian AthletesKansas City, MO

    Public Benefit

    $4,000
  75. Virginia Bankers Association Education FoundationGlen Allen, VA

    Public Benefit

    $3,500
  76. Hampton Roads Council of Veterans OrgVirginia Beach, VA

    Public Benefit

    $3,000
  77. Cahec FoundationRaleigh, NC

    Public Benefit

    $3,000
  78. The Paramount Theatre FoundationGoldsboro, NC

    Public Benefit

    $3,000
  79. North Carolina Black Bear Festival IncPlymouth, NC

    Public Benefit

    $3,000
  80. Partnership for Aurora-Richland Township ProgressAurora, NC

    Public Benefit

    $3,000
  81. Greater Neuse Fellowship of Christian AthletesGoldsboro, NC

    Public Benefit

    $3,000
  82. Wayne County 4 HGoldsboro, NC

    Public Benefit

    $2,500
  83. Kriquette's KidzFremont, NC

    Public Benefit

    $2,500
  84. NC Freedom FestGoldsboro, NC

    Public Benefit

    $2,500
  85. NC Stop Human Trafficking IncFarmville, NC

    Public Benefit

    $2,500
  86. The Outlaw FoundationNewton Grove, NC

    Public Benefit

    $2,500
  87. Children & Youth Partnership for Dare CoManteo, NC

    Public Benefit

    $2,500
  88. StagestruckGoldsboro, NC

    Public Benefit

    $2,500
  89. YMCA of South Hampton RoadsChesapeake, VA

    Public Benefit

    $2,500
  90. Greenville Museum of Art IncGreenville, NC

    Public Benefit

    $2,500
  91. Beaufort County Arts CouncilWashington, NC

    Public Benefit

    $2,500
  92. Wilson ForwardWilson, NC

    Public Benefit

    $2,000
  93. The Community Foundation of NC East IncGreenville, NC

    Public Benefit

    $2,000
  94. All the King's Children FoundationMount Olive, NC

    Public Benefit

    $1,000
  95. Unity Organization IncMount Olive, NC

    Public Benefit

    $1,000
  96. Emerge Gallery & Art CenterGreenville, NC

    Public Benefit

    $1,000
  97. Good Shepherd Food Pantry of Bertie CoWindsor, NC

    Public Benefit

    $1,000
  98. 3HC Home Health & Hospice Care IncGoldsboro, NC

    Public Benefit

    $1,000
  99. Duplin County Education FoundationKenansville, NC

    Public Benefit

    $1,000
  100. Tyrell-Washington Partnership for CPlymouth, NC

    Public Benefit

    $1,000
  101. National Fire Safety CouncilMichigan Ctr, MI

    Public Benefit

    $300

Where the money goes

By cause: grants to organizations we matched to the IRS list of exempt organizations, by their category.

  1. Education7 grants $86,12020% of the total
  2. Community development6 grants $64,00015% of the total
  3. Human services6 grants $55,00013% of the total
  4. Housing and shelter4 grants $48,00011% of the total
  5. Youth development2 grants $29,0007% of the total
  6. Health5 grants $27,0006% of the total
  7. 8 other causes20 grants $128,30029% of the total

By State

Grants to organizations with a US address, latest year.

  1. North Carolina81 grants $964,494
  2. Virginia16 grants $174,500
  3. Florida1 grant $10,000
  4. Tennessee1 grant $7,500
  5. New York1 grant $4,500
  6. Michigan1 grant $300

Officers, directors and trustees

11 people as filed

As filed on the return, with average hours per week and pay from the foundation.

  • Hope H BryantDirector Hours 0Pay $0
  • John C Pegram JrDirector Hours 0Pay $0
  • Julian R AycockDirector Hours 0Pay $0
  • William H BryanDirector Hours 0Pay $0
  • David L Sauls JrTreasurer Hours 0Pay $0
  • Drew M CovertPresident & Director Hours 0Pay $0
  • Hope M FieldsSecretary Hours 0Pay $0
  • John H GrayAssistant Treasurer Hours 0Pay $0
  • Lisa R SandersonAssistant Secretary Hours 0Pay $0
  • Stacey D HerringAssistant Treasurer Hours 0Pay $0
  • Samuel A ClarkAssistant Treasurer Hours 0Pay $0

The return

More foundations

Similar foundations

Same main cause (education), giving between a quarter and four times this foundation’s where possible, nearby first.

  1. Mount Olive Pickle Company FoundationMount Olive, NC 19 grants Preselected only $403,500 giving
  2. Fernandez Pave the Way FoundationAsheville, NC 37 grants Preselected only $1,182,385 giving
  3. The Seymour & Carol Levin FoundationGreensboro, NC 1 grant Preselected only $1,206,056 giving
  4. Dover Foundation IncShelby, NC 55 grants Accepts applications $1,106,368 giving
  5. The Hurley-Trammell FoundationSalisbury, NC 7 grants Accepts applications $1,270,254 giving