The Virginia State Capitol

Form 990-PFTax year 2025EIN 87-4174417

First Bancorp Inc Foundation

A private foundation in Abingdon, VA. Its return for tax year 2025 lists 19 grants and $58,713 paid in grants.

Tax year 2025 (period ending Dec 31, 2025), read from the IRS e-file on Nov 11, 2026. Returns reach the IRS 5 to 18 months after the year they describe.

How to apply

Preselected only

The return checks the box saying the foundation gives only to preselected organizations and does not accept unsolicited requests.

Assets and giving by year

4 returns on file
Grants paid by tax year. The latest year is in blue.
  • Tax year 2025

    $58,713

    Grants listed
    19
    Assets, end of year
    $893,908
  • Tax year 2024

    $78,000

    Grants listed
    15
    Assets, end of year
    $923,313
  • Tax year 2023

    $10,000

    Grants listed
    5
    Assets, end of year
    $586,111
  • Tax year 2022

    $10,500

    Grants listed
    6
    Assets, end of year
    $535,466

Grants paid in 2025

19 grants, largest first

As listed on the return. Grants to individuals show as “Individual”, with purpose and amount only.

  1. Emory & Henry UniversityEmory, VA

    Promise endowment

    $10,000
  2. Washington County Va SchoolsAbingdon, VA

    Scholarship

    $10,000
  3. Lebanon Va High SchoolLebanon, VA

    Scholarship

    $5,713
  4. Individual

    Scholarship

    $2,500
  5. Vba Education FoundationGlen Allen, VA

    Scholarship

    $2,500
  6. Individual

    Scholarship

    $2,000
  7. Individual

    Scholarship

    $2,000
  8. Individual

    Scholarship

    $2,000
  9. Individual

    Scholarship

    $2,000
  10. Individual

    Scholarship

    $2,000
  11. Individual

    Scholarship

    $2,000
  12. Individual

    Scholarship

    $2,000
  13. Individual

    Scholarship

    $2,000
  14. Individual

    Scholarship

    $2,000
  15. Individual

    Scholarship

    $2,000
  16. Individual

    Scholarship

    $2,000
  17. Individual

    Scholarship

    $2,000
  18. Individual

    Scholarship

    $2,000
  19. Individual

    Scholarship

    $2,000

Where the money goes

By cause: grants to organizations we matched to the IRS list of exempt organizations, by their category.

  1. Education1 grant $10,00080% of the total
  2. Philanthropy and grantmaking1 grant $2,50020% of the total

By State

Grants to organizations with a US address, latest year.

  1. Virginia4 grants $28,213

Officers, directors and trustees

9 people as filed

As filed on the return, with average hours per week and pay from the foundation.

  • William M NelsonDIRECTOR Hours 0Pay $0
  • William H HayterDIRECTOR Hours 0Pay $0
  • David LeonardDIRECTOR Hours 0Pay $0
  • Ronald BarrettDIRECTOR Hours 0Pay $0
  • Sophia Chafin-VanceDIRECTOR Hours 0Pay $0
  • Trent YatesDIRECTOR Hours 0Pay $0
  • Raleigh HayterDIRECTOR Hours 0Pay $0
  • David Leondard IIIDIRECTOR Hours 0Pay $0
  • Ronnie BarrettDIRECTOR Hours 0Pay $0

The return

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