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Also known as: UNITED BANK INC - TRUST
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Adaline E Nugent Educational Fund Parkersburg National Bank Ttee is a private trust based in PARKERSBURG, WV. The foundation received its IRS ruling in 1961. The principal officer is Parkersburg National Bank. It holds total assets of $138K. Annual income is reported at $27K. The foundation is governed by 1 officer or trustee. Educational scholarships awarded to local students. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. According to available records, Adaline E Nugent Educational Fund Parkersburg National Bank Ttee has made 5 grants totaling $25K, with a median grant of $5K. The foundation has distributed between $5K and $10K annually from 2020 to 2023. Grantmaking activity was highest in 2022 with $10K distributed across 2 grants. The foundation has supported 4 unique organizations. Grant recipients are concentrated in West Virginia. Contributions to this foundation are tax-deductible.
Educational scholarships awarded to local students
Educational scholarships awarded to local students. Based on available records, the foundation has funded 5 grants. Its grantmaking reaches organizations primarily in WV.
Adaline E Nugent Educational Fund Parkersburg National Bank Ttee has distributed a total of $25K across 5 grants. The median grant size is $5K, with an average of $5K. Individual grants have ranged from $5K to $5K.
Adaline E Nugent Educational Fund Parkersburg National Bank Ttee typically selects its grantees rather than accepting unsolicited proposals. Limited to students of parkersburg high school based on recommendation of the counselors at the three junior high schools that feed into phs.
Adaline E Nugent Educational Fund Parkersburg National Bank Ttee is headquartered in PARKERSBURG, WV.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| United Bank Inc | TRUSTEE | $5K | $0 | $5K |
Total Giving
$9K
Total Assets
$136K
Fair Market Value
$172K
Net Worth
$136K
Grants Paid
$5K
Contributions
N/A
Net Investment Income
$3K
Distribution Amount
$8K
Total Grants
5
Total Giving
$25K
Average Grant
$5K
Median Grant
$5K
Unique Recipients
4
Most Common Grant
$5K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Danika ReidHELP WORTHY STUDENT OBTAIN EDUCATION | Parkersburg, WV | $5K | 2023 |
| Olivia KennerlyHELP WORTHY STUDENT OBTAIN EDUCATION | Parkersburg, WV | $5K | 2022 |
| Trinton MillerHELP WORTHY STUDENT OBTAIN EDUCATION | Parkersburg, WV | $5K | 2021 |
| Felicity HopkinsTO HELP A WORTHY STUDENT OBTAIN AN EDUCATION WHO MAY NOT OTHERWISE BE ABLE TO AFFORD IT. | Parkersburg, WV | $5K | 2020 |