The Georgia State Capitol

Form 990-PFTax year 2025EIN 58-1541701

Banksouth Foundation LTD

A private foundation in Greensboro, GA. Its return for tax year 2025 lists 7 grants and $307,500 paid in grants.

Tax year 2025 (period ending Dec 31, 2025), 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
Geographical area is limited to greene county and immediate surrounding counties.

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

Assets and giving by year

8 returns on file
Grants paid by tax year. The latest year is in blue.
  • Tax year 2025

    $307,500

    Grants listed
    7
    Assets, end of year
    $1,290,357
  • Tax year 2024

    $327,400

    Grants listed
    10
    Assets, end of year
    $1,172,219
  • Tax year 2023

    $84,780

    Grants listed
    8
    Assets, end of year
    $1,199,885
  • Tax year 2022

    $48,000

    Grants listed
    6
    Assets, end of year
    $1,231,975
  • Tax year 2021

    $42,335

    Grants listed
    6
    Assets, end of year
    $1,254,759
  • Tax year 2020

    $207,953

    Grants listed
    18
    Assets, end of year
    $1,296,403
  • Tax year 2019

    $41,500

    Grants listed
    8
    Assets, end of year
    $1,459,571
  • Tax year 2018

    $26,000

    Grants listed
    6
    Assets, end of year
    $1,490,038

Grants paid in 2025

7 grants, largest first

As listed on the return. Grants to individuals show as “Individual”, with purpose and amount only.

  1. Atlas MinistriesGreensboro, GA

    Other local organizations

    $250,000
  2. Thillen Education FoundationGreensboro, GA

    Mentorship/scholarship for GC HS

    $30,000
  3. Victory TrainGreensboro, GA

    Early childhood education

    $7,500
  4. Individual

    Higher education

    $5,000
  5. Individual

    Higher education

    $5,000
  6. Individual

    Higher education

    $5,000
  7. Neighbors Helping NeighborsEatonton, GA

    Community benevolence

    $5,000

Where the money goes

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

  1. Education1 grant $30,000100% of the total

By State

Grants to organizations with a US address, latest year.

  1. Georgia4 grants $292,500

Officers, directors and trustees

3 people as filed

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

  • Harold ReynoldsCEO & DIRECT Hours 0Pay $0
  • Richard SchmidtDIRECTOR Hours 0Pay $0
  • Frances StricklandDIRECTOR 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. Patrick Family Foundation IncDecatur, GA 49 grants Accepts applications $306,000 giving
  2. Valdosta State University Alumni Association IncValdosta, GA 1 grant Preselected only $305,019 giving
  3. Richard and Susan Dugas Family FoundationAtlanta, GA 9 grants Preselected only $310,500 giving
  4. Further Forward Foundation IncLawrenceville, GA 14 grants Preselected only $313,000 giving
  5. The Herget FoundationDahlonega, GA 41 grants Preselected only $298,178 giving