Bb & T West Virginia Foundation Inc
- Assets
- $11.9m
- Revenue
- $1.6m
- Investments
- $11.2m
- Employees
- 0
- Location
- Charleston, WV
- Founding
- 10/1954
- Data as of
- 12/2021
- EIN
- 55-6017269
Organization Overview
Bb & T West Virginia Foundation Inc is located in Charleston, WV. The organization was established in 1954. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bb & T West Virginia Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Bb & T West Virginia Foundation Inc generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 28.8% each year . All expenses for the organization totaled $721.4k during the year ending 12/2021. While expenses have increased by 1.0% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Bb & T West Virginia Foundation Inc has awarded 212 individual grants totaling $2,023,400. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $200,000 |
| Interest on Savings | $56 |
| Dividends & Interest | $229,476 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,187,524 |
| Capital Gain Net Income | $1,187,524 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $85 |
| Total Revenue | $1,617,141 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $35,290 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $405 |
| Total operating and administrative expenses | $39,869 |
| Contributions, gifts, grants paid | $681,500 |
| Total expenses and disbursements | $721,369 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,924 |
| Savings and temporary cash investments | $763,299 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $9,316,875 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $9,560 |
| Total assets | $11,946,145 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Bb & T West Virginia Foundation Inc has awarded $681,500 in support to 65 organizations.
| Grant Recipient | Amount |
|---|---|
Charleston, WV PURPOSE: GENERAL OPERATING | $82,500 |
CAMC FOUNDATION INC PURPOSE: GENERAL OPERATING | $75,000 |
WVU MEDICINE CHILDREN'S PURPOSE: GENERAL OPERATING | $30,000 |
YWCA PURPOSE: GENERAL OPERATING | $25,000 |
Huntington, WV PURPOSE: GENERAL OPERATING | $25,000 |
Charleston, WV PURPOSE: GENERAL OPERATING | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Diana Davis Spencer Foundation Bethesda, MD | $1,510,145,435 | $31,448,274 |
Davis Family Foundation Hanover, MD | $1,302,672,743 | $64,475,559 |
The Wexner Family Charitable Fund New Albany, OH | $184,942,197 | $254,449,818 |
The Rosser Foundation A Pure Charitable Trust And Public Charit Hampton, VA | $12,195,900 | $36,359,396 |
Maguire Foundation West Conshohocken, PA | $0 | $10,846,953 |
Mabel Pew Myrin Trust Philadelphia, PA | $417,886,148 | $39,075,922 |
Neubauer Family Foundation Philadelphia, PA | $348,008,962 | $28,614,405 |
Quantitative Foundation Philadelphia, PA | $101,541,098 | -$10,401,387 |
Fifth Third Union Trust Co Foundation Cincinnati, OH | $28,852,332 | $17,459,816 |
J N Pew Jr Charitable Trust Philadelphia, PA | $309,649,040 | $25,152,087 |
Lenfest Foundation Inc Philadelphia, PA | $0 | $560,962 |
Carol Ann And Ralph V Haile Jr Foundation Cincinnati, OH | $318,390,176 | $10,905,260 |