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The United Company Foundation is a private corporation based in BRISTOL, VA. The foundation received its IRS ruling in 1987. It holds total assets of $55.3M. Annual income is reported at $21.6M. LOW-INCOME HOUSEHOLDS IN BRISTOL VA & TN RECEIVE 1 BAG (= 1 MEAL) OF NUTRITIOUS FOOD PER FAMILY MEMBER PER MONTH. MEALS ARE DELIVERED VIA 2 VANS THAT TRAVEL TO THE HOMES OF THE RECIPIENTS. APPROXIMATELY 8,000 MEALS ARE DELIVERED PER MONTH. According to available records, The United Company Foundation has made 302 grants totaling $7M, with a median grant of $10K. Annual giving has grown from $2.4M in 2021 to $4.6M in 2022. Individual grants have ranged from $46 to $250K, with an average award of $23K. The foundation has supported 85 unique organizations. The foundation primarily supports organizations in Virginia, Tennessee, Maryland, which account for 62% of all grants. Grantmaking reaches organizations across 17 states. Contributions to this foundation are tax-deductible.
PROVIDE ONE MEAL/DAY FIVE DAYS A WEEK TO 760 LOW-INCOME PEOPLE IN THE BRISTOL, VA COMMUNITY. MEALS ARE DELIVERED VIA 2 VANS THAT TRAVEL TO THE HOMES OF THE RECIPIENTS.
Expenses: $402K
A COLLEGE AND CAREER COUNSELOR WORKS AT MOUNTAIN MISSION SCHOOL (GRUNDY, VA) AND ASSISTS STUDENTS WITH COLLEGE AND APPLICATION PROCESSES, FINANCIAL AID, AND MATRICULATION PROCEDURES. THE COUNSELOR ALSO OVERSEES THE SCHOLARSHIP PROGRAM FOR MOUNTAIN MISSION SCHOOL GRADUATES.
Expenses: $84K
MOUNTAIN MISSION SCHOOL SENIORS WENT ON A COLLEGE VISIT TO UVA-WISE.
Expenses: $96
LOW-INCOME HOUSEHOLDS IN BRISTOL VA & TN RECEIVE 1 BAG (= 1 MEAL) OF NUTRITIOUS FOOD PER FAMILY MEMBER PER MONTH. MEALS ARE DELIVERED VIA 2 VANS THAT TRAVEL TO THE HOMES OF THE RECIPIENTS. APPROXIMATELY 8,000 MEALS ARE DELIVERED PER MONTH. Based on available records, the foundation has funded 302 grants. Its grantmaking reaches organizations primarily in VA, TN, MD.
The United Company Foundation has distributed a total of $7M across 302 grants. The median grant size is $10K, with an average of $23K. Individual grants have ranged from $46 to $250K.
The application deadline is DEADLINES FOR APPLICATIONS ARE JULY 1 FOR FALL SEMESTER AND DECEMBER 1 FOR SPRING SEMESTER.. THE SCHOLARSHIP PROGRAM SUPPLEMENTS FINANCIAL AID AND OTHER SUPPORT TO HELP COVER THE COST OF COLLEGE TUITION, FEES, ROOM AND BOARD, BOOKS, AND SUPPLIES. STUDENTS MUST BE ENROLLED WITH A MINIMUM OF 12 CREDIT HOURS PER SEMESTER. STUDENTS MAY REQUEST A MAXIMUM OF $15,000 PER YEAR. STUDENTS MUST BE ENROLLED AT MOUNTAIN MISSION SCHOOL, GRUNDY, VA (MMS) FROM GRADES 9 THROUGH 12 TO BE ELIGIBLE FOR SUPPORT. SCHOLARSHIPS ARE GIVEN FOR THE BENEFIT OF INDIVIDUAL STUDENTS WHO HAVE NO RELATIONSHIP TO DISQUALIFIED PERSONS. STUDENTS MUST DEMONSTRATE FINANCIAL NEED BY QUALIFYING FOR A FEDERAL PELL GRANT. STUDENTS MUST ACCEPT ANY FEDERAL DIRECT SUBSIDIZED LOANS OR PERKINS LOANS OFFERED. STUDENTS ARE ELIGIBLE FOR 4 CONSECUTIVE CALENDAR YEARS AFTER GRADUATION FROM MMS. STUDENTS SHOULD HAVE AT LEAST A 3.00 CUMULATIVE GPA FROM MMS (ON A 4.0 SCALE) AND MAINTAIN A 2.75 CUMULATIVE GPA IN COLLEGE (ON A 4.0 SCALE). THE MAX FOR BOOKS AND SUPPLIES PER STUDENT IS $750 FOR THE FIRST SEMSESTER AND $500 THEREAFTER.
The United Company Foundation is headquartered in BRISTOL, VA. While based in VA, the foundation distributes grants to organizations across 17 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Claire Davis | EXECUTIVE DIRECTOR | $57K | $2K | $59K |
| Lois A Clarke | PRESIDENT/CEO/DIRECTOR | $804 | $32 | $836 |
| Julia K Smith | ASSISTANT SECRETARY | $0 | $0 | $0 |
| Nd Street | DIRECTOR | $0 | $0 | $0 |
| Martha Mcglothlin Bowman | DIRECTOR | $0 | $0 | $0 |
Total Giving
$3M
Total Assets
$49.6M
Fair Market Value
$49.6M
Net Worth
$48.9M
Grants Paid
$2.2M
Contributions
$0
Net Investment Income
$3.1M
Distribution Amount
$2.3M
Total: $27.9M
Total Grants
302
Total Giving
$7M
Average Grant
$23K
Median Grant
$10K
Unique Recipients
85
Most Common Grant
$1K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Ballad Health FoundationFUND NEW MOBILE COACH AND 3D MAMMOGRAPHY UNIT | Johnson City, TN | $250K | 2022 |
| Foundation For Educational And Developmental Opportunities IncSCHOLARSHIP AND GENERAL FUND | Bristol, VA | $125K | 2022 |
| Ymca Of Buchanan CountyGENERAL SUPPORT | Grundy, VA | $109K | 2022 |
| Milligan CollegeEDUCATION - TUITION | Milligan College, TN | $104K | 2022 |
| East Tennessee State UniversityEDUCATION - TUITION | Johnson City, TN | $103K |
| Fay H Street |
| SECRETARY/DIRECTOR |
| $0 |
| $0 |
| $0 |
| Frances G Mcglothlin | DIRECTOR | $0 | $0 | $0 |
| David A Street | DIRECTOR | $0 | $0 | $0 |
| Barbara J Bjerke | TREASURER | $0 | $0 | $0 |
| James W Mcglothlin | CHAIRMAN/DIRECTOR | $0 | $0 | $0 |
| 2019 | 990PF | View |
| 2018 | 990PF | View |
| 2017 | 990PF | View |
| 2016 | 990PF | View |
| 2022 |
| Edward Via Va College Of Osteopathic MedicineSCHOLARSHIP FUND FOR MEDICAL STUDENTS AT VCOM WHO COMMIT TO PRACTICE IN SOUTHWEST VA | Blacksburg, VA | $100K | 2022 |
| United Coal FoundationUKRAINE RELIEF | Johnson City, TN | $100K | 2022 |
| Feeding America Southwest VirginiaMOBILE FOOD PANTRY ASSISTANCE | Salem, VA | $75K | 2022 |
| Boys And Girls Club Of The Mountain EmpireSUPPORT QUALITY PROGRAMMING AT THE CLUB | Bristol, VA | $60K | 2022 |
| Ywca - BristolSCHOLARSHIPS FOR MCGLOTHLIN STREET CHILDCARE CENTER | Bristol, TN | $55K | 2022 |
| Communities In Schools Of Southwest VirginiaCOATS, SHOES, & BACKPACKS FOR STUDENTS IN NEED; BRISTOL, VA & BUCHANAN COUNTY PUBLIC SCHOOLS | Bristol, VA | $55K | 2022 |
| Bluefield CollegeSCHOLARSHIPS FOR OFF-SITE TRAINING IN CHRISTIAN MINISTERIAL LEADERSHIP CLASSES | Bluefield, VA | $50K | 2022 |
| United Way Of Southwest Va2023 IGNITE PROGRAM - WORKFORCE INITIATIVE SERVING STUDENTS GRADE 6TH-12TH | Abingdon, VA | $50K | 2022 |
| Healing Hands Health Center IncDENTAL PROGRAM FOR WORKING, UNINSURED IN NE TN, SW VA | Bristol, TN | $50K | 2022 |
| Crossroads Medical MissionSUPPORT MOBILE MEDICAL CLINIC FOR THE UNDERSERVED & TRI CITIES REMOTE AREA MEDICAL CLINIC | Bristol, VA | $50K | 2022 |
| Virginia TechEDUCATION - TUITION | Blacksburg, VA | $44K | 2022 |
| Virginia Commonwealth UniversityEDUCATION - TUITION | Richmond, VA | $42K | 2022 |
| University Of Northwestern OhioEDUCATION - TUITION | Lima, OH | $37K | 2022 |
| University Of MarylandEDUCATION-TUITION | College Park, MD | $32K | 2022 |
| Appalachian Sustainable DevelopmentFEED FAMILIES IN SOUTHWEST VA/NORTHEAST TN; FUNDING FOR PURCHASE OF VAN FOR BUCHANAN COUNTY | Abingdon, VA | $30K | 2022 |
| Grand Canyon UniversityEDUCATION - TUITION | Phoenix, AZ | $30K | 2022 |
| Buchanan County SchoolsEXPLORE STEM CAREERS FOR HIGH SCHOOL JUNIOR GIRLS ENROLLED IN BCPS & MMS | Grundy, VA | $30K | 2022 |
| Milligan UniversityULTRASOUND MACHINE OF PA PROGRAM | Milligan College, TN | $30K | 2022 |
| Feeding My Sheep IncPROVIDE FOOD ASSISTANCE IN BUCHANAN COUNTY | Vansant, VA | $30K | 2022 |
| Food Bank Of Wise County IncorporatedPROVIDE FOOD ASSISTANCE IN WISE COUNTY | Wise, VA | $30K | 2022 |
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