First Bancorp Inc Foundation
Preselected recipients only
First Bancorp Inc Foundation is a private foundation in Abingdon, Virginia. In tax year 2025 it gave $58,713 in 19 grants; the typical grant was $2,000 and the largest $10,000. It only gives to organizations it selects itself and does not accept unsolicited applications.
From its IRS Form 990-PF for tax year 2025.
- Grants paid, 2025$58,713
- Number of grants19
- Typical grant$2,000
- Largest grant$10,000
- Assets$1.1 million
- New grantees75%
Giving in 2025 was down from $78,000 the year before.
75% of its 2025 grantees had not received a grant from it the year before, a sign it is open to new organizations.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2023 | $10,000 | 5 | $625,392 |
| 2024 | $78,000 | 15 | $1.0 million |
| 2025 | $58,713 | 19 | $1.1 million |
How to apply
First Bancorp Inc Foundation says in its IRS filing that it only makes contributions to preselected organizations, so unsolicited applications are unlikely to be considered. Organizations it funds are usually invited.
Foundation website IRS filings on ProPublica
What First Bancorp Inc Foundation funds
Where it gives
Its grants went to recipients in 2 states, the most to Virginia.
| State | Grants | Amount |
|---|---|---|
| Virginia | 18 | $56,713 |
| Tennessee | 1 | $2,000 |
Grants paid in 2025
| Recipient | Purpose | Amount |
|---|---|---|
| Emory & Henry University | Promise endowment | $10,000 |
| Washington County Va Schools | Scholarship | $10,000 |
| Lebanon Va High School | Scholarship | $5,713 |
| Individual | Scholarship | $2,500 |
| Vba Education Foundation | Scholarship | $2,500 |
| Individual | Scholarship | $2,000 |
| Individual | Scholarship | $2,000 |
| Individual | Scholarship | $2,000 |
| Individual | Scholarship | $2,000 |
| Individual | Scholarship | $2,000 |
| Individual | Scholarship | $2,000 |
| Individual | Scholarship | $2,000 |
| Individual | Scholarship | $2,000 |
| Individual | Scholarship | $2,000 |
| Individual | Scholarship | $2,000 |
| Individual | Scholarship | $2,000 |
| Individual | Scholarship | $2,000 |
| Individual | Scholarship | $2,000 |
| Individual | Scholarship | $2,000 |
Officers and trustees
- William M Nelson
- William H Hayter
- David Leonard
- Ronald Barrett
- Sophia Chafin-Vance
- Trent Yates
- Raleigh Hayter
- David Leondard III
- Ronnie Barrett
Questions people ask
Does First Bancorp Inc Foundation accept grant applications?
No. Its IRS filing says it only makes contributions to preselected organizations.
How much does First Bancorp Inc Foundation give?
$58,713 in tax year 2025, across 19 grants, with a typical grant of $2,000.
Who runs First Bancorp Inc Foundation?
Its 2025 filing lists William M Nelson (Director), William H Hayter (Director), David Leonard (Director) and Ronald Barrett (Director) among 9 officers and trustees.
What does First Bancorp Inc Foundation fund?
Based on its grants, mainly education.