BLUEFIELD, WV
Hugh I Shott Jr Foundation
Quick Facts
- EIN
- 550650833
- Location
- BLUEFIELD, WV
- Category
- General
- Total Assets
- $51.2M
- Annual Income
- $2.6M
- IRS Ruling Year
- 1986
- Organization Type
- Corporation
- Principal Officer
- % First Century Bank Trust Dept
- Tax Deductibility
- Contributions are deductible
About This Foundation
Hugh I Shott Jr Foundation is a private corporation based in BLUEFIELD, WV. The foundation received its IRS ruling in 1986. The principal officer is % First Century Bank Trust Dept. It holds total assets of $51.2M. Annual income is reported at $2.6M. Contributions to this foundation are tax-deductible.
View 990 FilingsFinancial Overview
Total Giving
$2.7M
2023-9%
Total Assets
$48.3M
2023+8%
Fair Market Value
$48.3M
2023
Net Worth
$48.3M
2023
Grants Paid
$2.3M
2023
Contributions
$0
2023
Net Investment Income
$3.6M
2023
Distribution Amount
$2.2M
2023
Total Giving by Year
$1.6M
11$2M
12$1.9M
13$2M
14$3.4M
15$2.5M
19$2.6M
20$2.7M
21$2.9M
22$2.7M
23Asset Growth
$31M
11$33.2M
12$38.1M
13$40.1M
14$36.8M
15$48.3M
19$50.1M
20$54.3M
21$44.8M
22$48.3M
23Investment Portfolio (2023)
Total: $24.4M
Corporate Stock: $24.4M
Other Investments: $19M
Corporate Stock (56%)
Other Investments (44%)
Expense Breakdown (2023)
Grants Paid$2.3M
Depreciation$49K
Officer Compensation$40K
Accounting Fees$24K
Occupancy$12K
Travel & Conferences$2K
Revenue Sources (2023)
- Capital Gains (Net)
- $2.9M
- Dividends
- $1M
- Gross Rents
- $41K
Financial Details (2023)
- Total Revenue
- $4M
- Total Expenses
- $2.7M
- Exempt Purpose Expenses
- $2.3M
- Required Distribution
- $2.2M
- Undistributed Income
- $2.1M
- Total Liabilities
- $1
- Excise Tax
- $50K
Foundation Classification (2023)
Operating FoundationGrants to IndividualsNon-Charity GrantsLobbying ActivityExcess Business Holdings
Grantmaking Insights
Total Grants
50
Total Giving
$6.9M
Average Grant
$137K
Median Grant
$90K
Total Giving by Year
$2.1M (13 grants)
20$2.5M (25 grants)
22$2.3M (12 grants)
23Grant Range
Min$2K
Max$660K
Median: $90K
Smallest grantLargest grant
Openness to New Grantees (2023)
40%
of 2023 grantees were first-time recipients
Geographic Distribution of Grants
AK
ME
VT
NH
WA
ID
MT
ND
MN
WI
MI
NY
MA
CT
RI
OR
NV
WY
SD
IA
IL
IN
OH
PA
NJ
CA
UT
CO
NE
MO
KY
WV
WV: $5.8M (42)
VA
VA: $1.1M (8)
MD
DE
DC
AZ
NM
KS
AR
TN
NC
SC
OK
LA
MS
AL
GA
FL
HI
TX
WV$5.8M (42)
VA$1.1M (8)
Past Grantees
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Bluefield Arts And Revitalization CenterCHARITABLE - GRANADA THEATER PROJECT | Bluefield, WV | $660K | 2023 |
| City Of Bluefield WvCHARITABLE - BLUEFIELD CITY PARK PLAYGROUND AND SPLASH PAD | Bluefield, WV | $652K | 2023 |
| City Of Bluefield WvCHARITABLE - MITCHELL STADIUM IMPROVEMENTS | Bluefield, WV | $290K | 2023 |
| City Of Bluefield WvCHARITABLE - CITY WIDE SECURITY CAMERA SYSTEM | Bluefield, WV | $271K | 2023 |
| City Of Bluefield WvCHARITABLE - POLICE DEPARTMENT VEHICLES | Bluefield, WV | $100K | 2023 |
| City Of Bluefield WvCHARITABLE - BLUEFIELD CITY PARK PICKLEBALL COURTS | Bluefield, WV | $100K | 2023 |
| Mercer County Fellowship HomeCHARITABLE - ASSIST WITH UPGRADE TO ELECTRICAL SYSTEM | Bluefield, WV | $50K | 2023 |
| City Of Bluefield WvENGINEERING CONSULTING SERVICES ON PROPERTY OWNED BY CITY | Bluefield, WV | $49K | 2023 |
| City Of Bluefield WvCHARITABLE - BLUEFIELD CITY PARK CHRISTMAS VILLAGE | Bluefield, WV | $45K | 2023 |
| City Of Bluefield WvCHARITABLE - MOUNTAIN VIEW HOUSE UPGRADES/POLICE PRESENCE PROJECT | Bluefield, WV | $30K | 2023 |
| Stop The Hurt IncCHARITABLE - MEDICAL ROOM EQUIPMENT | Welch, WV | $18K | 2023 |
| City Of PrincetonCHARITABLE - POLICE DEPARTMENT BALLISTIC HELMETS | Princeton, WV | $10K | 2023 |
| Bluefield Wv Economic Development AuthorityCHARITABLE - 400 BLOCK FEDERAL/BLAND DEMOLITION | Bluefield, WV | $472K | 2022 |
| Town Of Bluefield VirginiaCHARITABLE - ASSIST WITH RENOVATION/UPGRADES GOLF COURSE | Bluefield, VA | $400K | 2022 |
| Community Connections IncCHARITABLE - RENAISSANCE THEATER PROJECT | Princeton, WV | $300K | 2022 |
| Child Protect Of Mercer County IncCHARITABLE - PURCHASE OF HOUSE FOR SHORT TERM FOSTER CARE | Princeton, WV | $200K | 2022 |
| City Of Bluefield WvCHARITABLE - BLUEFIELD TRAIL AND RESORT PLANNING PROJECT | Bluefield, WV | $121K | 2022 |
| Bluefield Arts And Revitalization CenterCHARITABLE - GRANADA THEATER PROJECT | Bluefield, WV | $100K | 2022 |
| Bluefield UniversityEDUCATIONAL - CAPITAL IMPROVEMENTS | Bluefield, WV | $100K | 2022 |
| Bluefield State UniversityEDUCATIONAL - CAPITAL IMPROVEMENTS | Bluefield, WV | $100K | 2022 |
| City Of WelchCHARITABLE - WALKING TRAIL | Welch, WV | $100K | 2022 |
| Tazewell County Public LibraryCHARITABLE - RICHALANDS LIBRARY SECOND FLOOR RENOVATION | Tazewell, VA | $100K | 2022 |
| Recovery Point Four SeasonsCHARITABLE - RENOVATIONS TO NEW BUILDING | Charleston, WV | $80K | 2022 |
| City Of Bluefield WvCHARITABLE - CITY FACELIFT INITIATIVE | Bluefield, WV | $70K | 2022 |
| Westminster At Wade LlcCHARITABLE - FENCING AND BATHROOMS AT PLAYGROUND | Bluefield, WV | $65K | 2022 |
| Mcdowell County Commission On AgingCHARITABLE - DAY REPORT VAN | Welch, WV | $50K | 2022 |
| Southwest Regional Recreation AuthorityCHARITABLE - TOURISM | Coeburn, VA | $50K | 2022 |
| Princeton Rescue SquadCHARITABLE - COMMUNITY AND CONFERENCE CENTER | Princeton, WV | $50K | 2022 |
| City Of Bluefield WvCHARITABLE - BLUEFIELD BEAUTIFICATION PROJECTS | Bluefield, WV | $25K | 2022 |
| Town Of AthensCHARITABLE - RENOVATIONS TO ATHENS PARK | Athens, WV | $25K | 2022 |
| City Of Bluefield WvCHARITABLE - TRADITION BUILDING BORDER MONUMENT | Bluefield, WV | $23K | 2022 |
| City Of Bluefield WvCHARITABLE - HANDRAILS AT MITCHELL STADIUM | Bluefield, WV | $20K | 2022 |
| Graham High School Education FoundationEDUCATIONAL - REMODEL PORTION OF SCHOOL LIBRARY | Bluefield, VA | $20K | 2022 |
| Helpful Harvest Food BankCHARITABLE - PURCHASE OF HVAC SYSTEM | Athens, WV | $15K | 2022 |
| Mercer County Opportunity IndustriesCHARITABLE - INTERIOR AND EXTERIOR REPAIRS TO FACILITY | Princeton, WV | $14K | 2022 |
| City Of PrincetonCHARITABLE - POLICE DEPT VIDEO SURVEILLANCE SYSTEM | Princeton, WV | $5K | 2022 |
| Wv Roundtable FoundationCHARITABLE - ANNUAL GRANT | Charleston, WV | $2K | 2022 |
| Bluefield Preservation SocietyCHARITABLE - GRANADA THEATER PROJECT | Bluefield, WV | $500K | 2020 |
| City Of Bluefield WvCHARITABLE - EXIT 1 PROJECT | Bluefield, WV | $375K | 2020 |
| Town Of Bluefield VirginiaCHARITABLE - ASSIST WITH RENOVATION/UPGRADES GOLF COURSE | Bluefield, VA | $200K | 2020 |
| City Of Bluefield WvCHARITABLE - POLICE VEHICLES | Bluefield, WV | $200K | 2020 |
| City Of Bluefield WvCHARITABLE - PAVING PROJECT | Bluefield, WV | $150K | 2020 |
| Town Of Bluefield VirginiaCHARITABLE - FIRE DEPARTMENT PERSONAL PROTECTION EQUIPMENT | Bluefield, VA | $144K | 2020 |
| Bluefield Wv Economic Development AuthorityCHARITABLE - HAWLEY BUILDING RENOVATION AND INSTALLING POINT OF PRESENCE AT EXIT 1 | Bluefield, WV | $128K | 2020 |
| Appalachian Agency For SeniorsCHARITABLE - ADULT DAYCARE CENTER INTERIOR PROJECT | Cedar Bluff, VA | $100K | 2020 |
| Princeton Rescue SquadCHARITABLE - 4TH INSTALLMENT OF PLEDGE FOR COMMUNITY AND CONFERENCE CENTER | Princeton, WV | $100K | 2020 |
| Southwest Regional Recreation AuthorityCHARITABLE - SPEARHEAD ATV TRAILS | Coeburn, VA | $50K | 2020 |
| Town Of PocahontasCHARITABLE - EXHIBITION MINE & MUSEUM KITCHEN EQUIPMENT | Pocahontas, WV | $50K | 2020 |
| City Of Bluefield WvCHARITABLE - ARTS CENTER SECURITY AND HVAC SYSTEMS | Bluefield, WV | $47K | 2020 |
| City Of Bluefield WvHARITABLE - BLUEFIELD BEAUTIFICATION PROJECTS | Bluefield, WV | $45K | 2020 |
990-PF Filings
| Tax Period | Return Type | View |
|---|---|---|
| 2023-12 | 990PF | View Filing |
| 2022-12 | 990PF | View Filing |
| 2021-12 | 990PF | View Filing |
| 2020-12 | 990PF | View Filing |
Filings sourced from IRS e-file index. View all on ProPublica