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First Bancorp Inc. Foundation is a private corporation based in ABINGDON, VA. The foundation received its IRS ruling in 2023. The principal officer is % Hannah Ford Esq. It holds total assets of $923K. Annual income is reported at $557K. The foundation operates in the area of education. According to available records, First Bancorp Inc. Foundation has made 6 grants totaling $11K, with a median grant of $2K. Individual grants have ranged from $500 to $2K, with an average award of $2K. The foundation has supported 6 unique organizations. Grant recipients are concentrated in Virginia. Contributions to this foundation are tax-deductible.
First Bancorp Inc. Foundation primarily funds organizations in the area of education. Based on available records, the foundation has funded 6 grants. Its grantmaking reaches organizations primarily in VA.
First Bancorp Inc. Foundation has distributed a total of $11K across 6 grants. The median grant size is $2K, with an average of $2K. Individual grants have ranged from $500 to $2K.
First Bancorp Inc. Foundation typically selects its grantees rather than accepting unsolicited proposals.
First Bancorp Inc. Foundation is headquartered in ABINGDON, VA.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Ronnie Barrett | DIRECTOR | $0 | $0 | $0 |
| William M Nelson | DIRECTOR | $0 | $0 | $0 |
| William H Hayter | DIRECTOR | $0 | $0 | $0 |
| David Leonard | DIRECTOR | $0 | $0 | $0 |
| Ronald Barrett | DIRECTOR | $0 | $0 | $0 |
Total Giving
$16K
Total Assets
$586K
Fair Market Value
$625K
Net Worth
$586K
Grants Paid
$10K
Contributions
$60K
Net Investment Income
$8K
Distribution Amount
$26K
Total: $498K
Total Grants
6
Total Giving
$11K
Average Grant
$2K
Median Grant
$2K
Unique Recipients
6
Most Common Grant
$2K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Riley StevensPost-secondaryed. scholarship | Honaker, VA | $2K | 2022 |
| Christian MusickPost-secondaryed. scholarship | Rosedale, VA | $2K | 2022 |
| Madison KeysPost-secondaryed. scholarship | Lebanon, VA | $2K | 2022 |
| Coleman CookPost-secondaryed. scholarship | Castlewood, VA | $2K | 2022 |
| Mally JesseePost-secondaryed. scholarship | Lebanon, VA | $2K | 2022 |
| Sophia Chafin-Vance |
| DIRECTOR |
| $0 |
| $0 |
| $0 |
| Trent Yates | DIRECTOR | $0 | $0 | $0 |
| Raleigh Hayter | DIRECTOR | $0 | $0 | $0 |
| David Leondard Iii | DIRECTOR | $0 | $0 | $0 |
| Abigail StreetPost-secondaryed. scholarship | Glade Spring, VA | $500 | 2022 |
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