Bowles Rice Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CHARLESTON, WV. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.8M in total assets. In 2024, it awarded 38 grants totaling $87K. Net investment income was $104K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.8M
+3.6% YoY
Annual Giving
$87K
+6.5% YoY
Grant Count
38
+11.8% YoY
Avg Grant Size
$2K
-4.7% YoY
Under IRS private-foundation payout rules, Bowles Rice Foundation reported a distributable amount of $102K for 2024 — the minimum it must pay out in qualifying distributions.
About Bowles Rice Foundation
Based on IRS filings
Bowles Rice Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CHARLESTON, WV. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.8M in total assets. In 2024, it awarded 38 grants totaling $87K. Net investment income was $104K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,836,057 | $1,773,003 | $1,624,581 |
| Revenue | $177,077 | $262,123 | $168,300 |
| Expenses | $114,023 | $113,701 | $125,060 |
| Qualifying Distributions | $88,193 | $83,970 | $99,520 |
| Net Investment Income | $103,876 | $83,474 | $77,138 |
| Distributable Amount | $101,823 | $89,186 | $87,610 |
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
164 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include West Virginia University Foundation Inc ($25,000), Marshall University Foundation Inc ($15,000), Legal Aid of West Virginia Inc ($7,000).
| Recipient | Purpose | Amount |
|---|---|---|
| DISCOVER THE REAL WEST VIRGINIA FOUNDATION INC CHARLESTON, WV | GENERAL PROGRAM SUPPORT | $1,500 |
| KANAWHA HOSPICE CARE INC CHARLESTON, WV | GENERAL PROGRAM SUPPORT | $500 |
| AMERICAN HEART ASSOCIATION INC CHARLESTON, WV | GENERAL PROGRAM SUPPORT | $500 |
| PARKERSBURG AREA COMMUNITY FOUNDATION INC PARKERSBURG, WV | GENERAL PROGRAM SUPPORT | $2,500 |
| THE WEST VIRGINIA CASA ASSOCIATION INC CHARLESTON, WV | GENERAL PROGRAM SUPPORT | $500 |
| 412 FOOD RESCUE INC PITTSBURGH, PA | GENERAL PROGRAM SUPPORT | $500 |
| OGLEBAY FOUNDATION INC WHEELING, WV | GENERAL PROGRAM SUPPORT | $100 |
| HEART AND HAND OUTREACH MINISTRIES SOUTH CHARLESTON, WV | GENERAL PROGRAM SUPPORT | $500 |
| LEWIS COUNTY FAMILY RESOURCE NETWORK INC ROANOKE, WV | GENERAL PROGRAM SUPPORT | $500 |
| YOUNG MENS CHRISTIAN ASSOCIATION INC FREDERICK, MD | GENERAL PROGRAM SUPPORT | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MARC MONTELEONE | PRESIDENT | 0.5 | — |
| THOMAS HEYWOOD | VICE PRESIDENT | 0.5 | — |
| JENNIFER HAGEDORN | MEMBER | 0.5 | — |
| COREY PALUMBO | MEMBER | 0.5 | — |
| MARK ADKINS | MEMBER | 0.5 | — |
| DAVID DEJARNETT | MEMBER | 0.5 | — |
| DIANA JACOBS | MEMBER | 0.5 | — |
| SETH WILSON | MEMBER | 0.5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Bowles Rice Foundation?
Bowles Rice Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CHARLESTON, WV. It holds $1.8M in total assets as of 2024.
How large is Bowles Rice Foundation?
As of 2024, Bowles Rice Foundation holds $1.8M in total assets with $177K in annual revenue. It awarded 38 grants totaling $87K in 2024.
Where does Bowles Rice Foundation operate?
Bowles Rice Foundation has awarded grants in Illinois, Maryland, Michigan, Pennsylvania, West Virginia.
What size grants does Bowles Rice Foundation award?
In 2024, Bowles Rice Foundation awarded 38 grants totaling $87K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is Bowles Rice Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Bowles Rice Foundation reported a distributable amount of $102K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Bowles Rice Foundation's EIN?
Bowles Rice Foundation's EIN (Employer Identification Number) is 20-2077682. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Bowles Rice Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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