Albert M Price Trust
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.
Albert M Price Trust at a glance
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.
- Annual giving (2025)
- $70,650
- +28.8% vs 2024
- Grants made (2025)
- 47
- +67.9% vs 2024
- Average grant
- $1,503
- -23.3% vs 2024
- Median grant
- $1,400
- Total assets
- $961,442
- -1.1% vs 2024
- Primary geography
- West Virginia (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
How to apply to Albert M Price Trust
- How to Apply
-
Contact the Jackson-Newcomb Scholarship Program and contact United Bank for an application. The foundation does not restrict giving to preselected organizations. Priority is given first to Boone County, West Virginia residents and then to other West Virginia residents.
- Review Cycle
- March 1.
- Deadline
- March 1.
- 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
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Albert M Price Trust funds
How this funder distributes its grants
Grant Size Distribution
171 grants across all recorded years
The most common grant size was under $50K: 171 grants of 171 (100%).
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
Share of 2025 grant dollars across all 47 itemized grants.
States
Cities
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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $50K (2021) to $71K (2025). In 2025 it made 47 grants totaling $71K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 47 grants to individuals Recipients not named | — | $70,650 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $961,442 | $75,087 | $86,260 | $70,650 | 47 | $81,523 | $70,350 | $61,181 |
| 2024 | $972,237 | $50,808 | $69,168 | $54,850 | 28 | $64,604 | $32,294 | $59,319 |
| 2023 | $990,768 | $50,494 | $74,089 | $58,200 | 33 | $67,880 | $46,304 | $54,186 |
| 2022 | $1,015,218 | $118,031 | $70,200 | $55,000 | 23 | $63,961 | $113,575 | $55,270 |
| 2021 | $967,387 | $86,221 | $63,083 | $49,800 | 40 | $57,763 | $81,355 | $64,037 |
| 2020 | $944,633 | $46,543 | $72,497 | $57,450 | 1 | — | $35,561 | $55,753 |
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.
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 to individual recipients in West Virginia; each was described as charitable.
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
The highest reported compensation on the 2025 filing was $14K, to United Bank (Trustee).
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.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 10, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 4, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 30, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 1, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS May 7, 2026)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 14, 2021)
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Figures come from Albert M Price Trust's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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