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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 $894K. Annual income is reported at $82K. The foundation is governed by 9 officers and trustees. The foundation operates in the area of education. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2022 to 2023. 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.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
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.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Ronnie Barrett | DIRECTOR | $0 | $0 | N/A |
| William M Nelson | DIRECTOR | $0 | $0 | N/A |
| William H Hayter | DIRECTOR | $0 | $0 | N/A |
| David Leonard | DIRECTOR | $0 | $0 | N/A |
| Ronald Barrett | DIRECTOR | $0 | $0 | N/A |
| Sophia Chafin-Vance | DIRECTOR | $0 | $0 | N/A |
| Trent Yates | DIRECTOR | $0 | $0 | N/A |
| Raleigh Hayter | DIRECTOR | $0 | $0 | N/A |
| David Leondard Iii | DIRECTOR | $0 | $0 | N/A |
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 |
| Abigail StreetPost-secondaryed. scholarship | Glade Spring, VA | $500 | 2022 |