Bernard Mcdonough Foundation Inc
The Bernard McDonough Foundation is a private foundation based in Parkersburg, West Virginia, established in 1962 by Bernard P. McDonough. The foundation is dedicated to supporting nonprofit organizations across West Virginia and Washington County, Ohio, with a particular emphasis on rural communities facing economic and social challenges.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$34.0M
-0.5% YoY
Annual Giving
$1.7M
+0.7% YoY
Grant Count
132
-16.5% YoY
Avg Grant Size
$13K
+20.6% YoY
Mission & Focus Areas
The foundation's mission centers on improving communities within West Virginia through systematic philanthropic support. The foundation prioritizes funding nonprofits that serve basic human needs, with particular focus on:
- Basic and emergency aid
- Health care access
- Technology access in rural areas
- Programs addressing health and social welfare
- Organizations serving vulnerable populations affected by economic decline and the opioid crisis
The foundation makes a conscious effort to continue funding great nonprofit organizations located in rural areas of West Virginia, recognizing the increased need to help vulnerable populations in the state.
Grantmaking
The foundation provides the following recommendations for successful applications:
Grant Range
$10,000–$15,000
Average Grant
$13,000–$17,100
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Geographic Focus
Where this funder awards grants
The foundation funds nonprofits across all 55 counties of West Virginia and Washington County, Ohio. Primary grantmaking is concentrated in West Virginia, with some activity in Ohio and Pennsylvania.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
- Total Assets: Approximately $38–$45 million
- Annual Giving: Approximately $1.5–$1.9 million per year
- Annual Income: $3.5 million (reported)
- IRS Ruling Year: 1964
- Organization Type: 501(c)(3) private foundation
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $33,986,463 | $34,149,418 | $34,776,186 |
| Revenue | $2,238,667 | $1,701,934 | $1,141,053 |
| Expenses | $2,406,574 | $2,324,683 | $2,281,580 |
| Qualifying Distributions | $2,279,946 | $2,205,260 | $2,180,720 |
| Net Investment Income | $2,144,214 | $1,614,636 | $1,064,488 |
| Distributable Amount | $2,115,127 | $1,969,055 | $2,137,064 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
250 grants across all recorded years
Open Grants
1 open opportunity from Bernard Mcdonough Foundation Inc
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Angi Smith — President
- Graduate of Marshall University with a degree in Business Administration and Marketing
- Background in corporate banking, marketing, human resources, and nonprofit management
- Born and raised in the Mid-Ohio Valley
Katrina Valentine — Corporate Secretary
Board of Directors:
- Robert S. Boone
- Joe Campbell
- Dale A. Knight
- Francis C. McCusker
- Mary M. Riccobene
- Robert W. Stephens, Ed.D.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ROBERT W STEPHENS | DIRECTOR | 2 | $12,000 |
| KATRINA VALENTINE | SECRETARY | 40 | $86,005 |
| MARY RICCOBENE | VICE PRESIDE | 2 | — |
| FC MCCUSKER | TREASURER | 2 | $12,000 |
| ROBERT S BOONE | PRESIDENT | 40 | $155,000 |
| DALE A KNIGHT | DIRECTOR | 2 | $12,000 |
| JOE CAMPBELL | DIRECTOR | 2 | $12,000 |
| ANGELA I SMITH | PRESIDENT | 40 | $5,208 |
Contact Information
Phone: 304-424-6280
Fax: 304-424-6281
Website: mcdonoughfoundation.org
Address: 311 Fourth Street, Parkersburg, WV 26101
Staff Contacts:
- Angi Smith, President: Angi@mcdonoughfoundation.org
- Katrina Valentine, Corporate Secretary: katrina@mcdonoughfoundation.org
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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