Bernard Mcdonough Foundation Inc

PARKERBURG, WV EIN: 55-6023693 Website

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

Under IRS private-foundation payout rules, Bernard Mcdonough Foundation Inc reported a distributable amount of $2.1M for 2024 — the minimum it must pay out in qualifying distributions.

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

Mission & Focus Areas

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

West Virginia $2.7M (87%)

Ohio $358K (11%)

Pennsylvania $16K (0%)

Maryland $16K (0%)

Kentucky $15K (0%)

Virginia $5K (0%)

Oklahoma $1K (0%)

New York $500 (0%)

+6 more states

States

Arizona Connecticut Florida Kentucky Maryland Michigan New York Ohio Oklahoma Pennsylvania Tennessee Texas Virginia West Virginia

Cities

Allison ParkAthensBarboursvilleBeckleyBelleBelpreBeverlyBlacksburgBluefieldBuckeyeCaledoniaCeredoChapmanvilleCharles TownCharlestonClarksburgCoconut CreekCoshoctonCranberry TownshipCreston

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

Revenue

Expenses

Qualifying Distributions

Net Investment Income

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

Foundation

McDonough Foundation Grant

BERNARD MCDONOUGH FOUNDATION INC

Amount

Approximately US $10,000

Deadline

Rolling / Open

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Children's Museum of the Mov Inc ($47,338), Boys & Girls Club of Parkersburg ($42,000), Community Resources Inc ($35,000).

Recipient	Purpose	Amount
2ND CHANCE 4 LIFE RESCUE ELIZABETHTOWN, PA	PROGRAM SUPPORT AND/OR OPERATING	$100
ALZHEIMER'S ASSOCIATION CHARLESTON, WV	PROGRAM SUPPORT AND/OR OPERATING	$20,100
AMERICAN FRIENDS SERVICE COMMITTEE CHARLESTON, WV	PROGRAM SUPPORT AND/OR OPERATING	$10,000
AMERICAN RED CROSS PARKERSBURG, WV	PROGRAM SUPPORT AND/OR OPERATING	$20,000
AMPUTEE CENTER PARKERSBURG, WV	PROGRAM SUPPORT AND/OR OPERATING	$15,000
ARC OF OHIO COUNTY WHEELING, WV	PROGRAM SUPPORT AND/OR OPERATING	$7,000
ARC OF THE MID OHIO VALLEY PARKERSBURG, WV	PROGRAM SUPPORT AND/OR OPERATING	$20,000
ARTSBRIDGE INC PARKERSBURG, WV	PROGRAM SUPPORT AND/OR OPERATING	$20,000
BARN COMMUNITY GROUP INC NELLIS, WV	PROGRAM SUPPORT AND/OR OPERATING	$15,000
BELPRE SHRINE CLUB BELPRE, OH	PROGRAM SUPPORT AND/OR OPERATING	$500

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

Frequently Asked Questions

What does Bernard Mcdonough Foundation Inc fund?

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 conti…

How do I apply for a grant from Bernard Mcdonough Foundation Inc?

**Grant Activity:** • Approximately $1.9 million awarded annually to deserving nonprofits • Approximately 150 grants distributed per year across all 55 counties of West Virginia and Washington County, Ohio • Median grant size: $10,000–$15,000 • Average grant size: $13,000–$17,100 • Individual grants have ranged up to $55,000 **Application Guidance:** The foundation provides the following recommendations for successful applications: • Keep narratives as brief as possible • Answer all questions o…

Where does Bernard Mcdonough Foundation Inc make 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.

What size grants does Bernard Mcdonough Foundation Inc award?

In 2024, Bernard Mcdonough Foundation Inc awarded 132 grants totaling $1.7M — an average of about $13K per grant, based on its IRS Form 990 filings.

How much is Bernard Mcdonough Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Bernard Mcdonough Foundation Inc reported a distributable amount of $2.1M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Bernard Mcdonough Foundation Inc's EIN?

Bernard Mcdonough Foundation Inc's EIN (Employer Identification Number) is 55-6023693. IRS Form 990 filing data is available on this page for 2020–2024.