Albert M Price Trust

Private foundation · Grantmaker Parkersburg, WV EIN: 55-6081789

Albert M Price Trust is a private foundation based in Parkersburg, West Virginia. It provides charitable awards through the Jackson-Newcomb Scholarship Program; its 2025 filing lists grants to individuals in West Virginia.

Key facts about Albert M Price Trust

In short: Albert M Price Trust gave $71K across 47 grants in 2025 (avg $2K), mostly in West Virginia. Source: 2025 IRS Form 990-PF.

EIN
55-6081789
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$70,650
Grants made (2025)
47
Average grant
$1,503
Median grant
$1,400
Total assets
$961,442
Primary geography
West Virginia (100% of itemized 2025 grant dollars)
How to apply
Contact the Jackson-Newcomb Scholarship Program and contact United Bank for an application. Full details ↓
Deadline
March 1.

Data from IRS Form 990-PF, 2025; updated October 2026. Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$961K

-1.1% YoY

Annual Giving

$71K

+28.8% YoY

Grant Count

47

+67.9% YoY

Avg Grant Size

$2K

-23.3% YoY

Under IRS private-foundation payout rules, Albert M Price Trust reported a distributable amount of $61K for 2025 — the minimum it must pay out in qualifying distributions.

How Albert M Price Trust gives

  • Giving grew 28% from 2022 to 2025. Method
  • In 2025 it paid out 133% of its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

Research compiled by Grantable AI from public sources. Last updated September 2026.

Mission & Focus Areas

An earlier profile describes the trust as providing educational scholarships. The 2025 filing identifies the Jackson-Newcomb Scholarship Program and says priority is given first to Boone County residents and then to other West Virginia residents.

Grantmaking

In 2025, the trust reported 47 grants totaling $70,650. Grants ranged from $750 to $1,700, with a median of $1,400. The largest listed awards were $1,700 each, including grants to Dylan Grant of Foster, Isabelle Godby of Chapmanville, Sadie Asbury of Hewett, and Lincoln Byrnside of Madison; each was described as charitable.

Review Cycle

March 1.

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Geographic Focus

Where this funder awards grants

All grant dollars reported for 2025 went to recipients in West Virginia. The filing states that Boone County residents receive priority, followed by other West Virginia residents.

Grant Distribution by State

1state

Share of 2025 grant dollars across all 47 itemized grants.

Cities

AlkolAlum CreekAshfordBimBloomingroseChapmanvilleChapmonvilleCharlestonComfortDanvilleDavisvilleFosterGordonHewettJeffreyJulianMadisonMorgantownOrgasOttawa

Giving Over Time

Total grant dollars and number of grants per year

$0$20K$40K$60K$80K1 grant2020 40 grants2021 23 grants2022 33 grants2023 28 grants2024 47 grants2025

From 2020 to 2025, annual grant giving ranged from $50K (2021) to $71K (2025). In 2025 it made 47 grants totaling $71K.

Grant Insights

How this funder distributes its grants

Grant Size Distribution

171 grants across all recorded years

171<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 171 grants of 171 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
47 grants to individuals Recipients not named —$70,650

Financial History

Multi-year comparison from IRS filings

Filing year Assets Revenue Expenses Grants
2025 $961,442 $75,087 $86,260 $70,650 (47 grants)
2024 $972,237 $50,808 $69,168 $54,850 (28 grants)
2023 $990,768 $50,494 $74,089 $58,200 (33 grants)
Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$50K$100K$150K2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$961,442$972,237$990,768
Revenue$75,087$50,808$50,494
Expenses$86,260$69,168$74,089
Qualifying Distributions$81,523$64,604$67,880
Net Investment Income$70,350$32,294$46,304
Distributable Amount$61,181$59,319$54,186

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2021 (received by the IRS May 10, 2022)
  2. Updated Form 990-PF for fiscal year 2022 (received by the IRS May 4, 2023)
  3. Updated Form 990-PF for fiscal year 2023 (received by the IRS April 30, 2024)
  4. Updated Form 990-PF for fiscal year 2024 (received by the IRS May 1, 2025)
  5. Updated Form 990-PF for fiscal year 2025 (received by the IRS May 7, 2026)
  6. Updated Form 990-PF for fiscal year 2020 (received by the IRS May 14, 2021)

Leadership & Key People

Leadership team and compensation from IRS filings

United Bank, Inc. serves as trustee of the trust.

Albert M Price Trust's only listed officer is United Bank, Trustee on every filing since 2020 (compensated).

Officers on the 2025 filing

  • United Bank

    Trustee

    On filings since 2020

    $12K (2020) → $14K (2025)

Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2025 IRS filing

United Bank — Trustee: $14KUnited BankTrustee$14K

The highest reported compensation on the 2025 filing was $14K, to United Bank (Trustee).

Contact

Application contact: Jackson-Newcomb Scholarship Program
Mailing address: PO Box 1508, Attn Cathy Houser, Parkersburg, WV 26101
Phone: (304) 424-8800
Email: scholarships@bankwithunited.com

Frequently asked questions about Albert M Price Trust

How much does Albert M Price Trust give each year?

Albert M Price Trust gave $71K across 47 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $55K across 28 grants.

What is Albert M Price Trust's typical grant size?

Albert M Price Trust's median grant in 2025 was $1,400, and its average grant was $1,503, across 47 grants on its 2025 IRS Form 990-PF.

Where does Albert M Price Trust give grants?

Albert M Price Trust gives mostly in West Virginia: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there.

Does Albert M Price Trust give general operating support?

Not in 2025: none of the 47 grants with a stated purpose on Albert M Price Trust's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Charitable" (47 grants).

How large is Albert M Price Trust?

Albert M Price Trust reported $961K in total assets on its 2025 IRS Form 990-PF. It paid out $82K in qualifying distributions that year, against a required minimum of $61K (roughly 5% of its investment assets).

What does Albert M Price Trust fund?

An earlier profile describes the trust as providing educational scholarships. The 2025 filing identifies the Jackson-Newcomb Scholarship Program and says priority is given first to Boone County residents and then to other West Virginia residents. See mission & focus areas ↑

How do I apply for a grant from Albert M Price Trust?

Contact the Jackson-Newcomb Scholarship Program and contact United Bank for an application. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑

What is Albert M Price Trust's EIN?

Albert M Price Trust's EIN (Employer Identification Number) is 55-6081789. IRS Form 990 filing data is available on this page for 2020–2025.

Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.

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