Commercial Bank Foundation

Foundation · Grantmaker Grayson, KY EIN: 61-1087988

Commercial Bank Foundation is a private foundation, based in Grayson, KY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $218K in total assets. In 2024, it awarded 19 grants totaling $42K. Net investment income was $1K.

Key facts about Commercial Bank Foundation

EIN: 61-1087988
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $42,037
Grants made (2024): 19
Average grant: $2,212
Median grant: $1,000
Total assets: $217,740
Primary geography: Kentucky (97% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated April 2026.

Who Commercial Bank Foundation funds

By grant dollars, the top recipient states for Commercial Bank Foundation's 19 itemized 2024 grants were Kentucky (97%). The most frequent recipient cities were Grayson, KY (7 grants), Olive Hill, KY (7 grants) and Webbville, KY (2 grants). None of its 19 grants with a stated purpose were described as general or operating support. Recurring purposes include "Scholarship" (11 grants).

How Commercial Bank Foundation gives

Giving held roughly steady from 2021 to 2024 (+6%). Method
In 2024 it paid out 347% of its IRS minimum distribution (the 5% rule). Method

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

Next steps with Commercial Bank Foundation

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$218K

-11.8% YoY

Annual Giving

$42K

+1.5% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$2K

+1.5% YoY

Under IRS private-foundation payout rules, Commercial Bank Foundation reported a distributable amount of $12K for 2024 — the minimum it must pay out in qualifying distributions.

About Commercial Bank Foundation

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Kentucky $41K (97%)

Ohio $1K (2%)

North Carolina $250 (1%)

Share of all 19 itemized 2024 grant dollars.

States

District of Columbia Kentucky North Carolina Ohio West Virginia

Cities

GraysonOlive HillAshlandWebbvilleRushLouisvillePortsmouthHuntingtonRaleighWashington

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$217,740	$246,977	$275,924
Revenue	$13,249	$12,632	$12,548
Expenses	$42,486	$41,880	$41,355
Qualifying Distributions	$42,037	$41,426	$40,350
Net Investment Income	$1,249	$632	$298
Distributable Amount	$12,102	$13,374	$14,588

Data update history

When this profile's IRS filing data changed on Grantable

March 1, 2026 IRS filings on file for fiscal years 2020–2024

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

97 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Kentucky Christian University ($15,000), Carter County Elementary ($10,787), Tristen Sexton U of L ($2,000 across 2 grants).

Recipient	Purpose	Amount
KENTUCKY CHRISTIAN UNIVERSITY Grayson, KY	CHARITABLE GRANTS FOR SCHOLARSHIPS	$15,000
CARTER COUNTY ELEMENTARY Grayson, KY	PURCHASE OF ONLINE FINANCIAL LITERAC	$10,787
TRISTEN SEXTON U OF L Webbville, KY	SCHOLARSHIP	$1,000
TRISTEN SEXTON U OF L Webbville, KY	SCHOLARSHIP	$1,000
ADDISON RILEY HALL MSU Grayson, KY	SCHOLARSHIP	$1,000
ADDISON RILEY HALL MSU Grayson, KY	SCHOLARSHIP	$1,000
NOAH SAMMONS MSU Grayson, KY	SCHOLARSHIP MSU	$1,000
ETHAN TILLER TRANSYLVANIA Grayson, KY	SCHOLARSHIP	$1,000
ADEN NICHOLS MSU Olive Hill, KY	SCHOLARSHIP	$1,000
ADEN NICHOLS MSU Olive Hill, KY	SCHOLARSHIP	$1,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

No officer or director reported compensation in the available filings.

From 2024 IRS filing

Name	Title	Hours	Compensation
Jack W Strother Jr	Co-Trustee	—	—
Mark Strother	Co-Trustee	—	—

Frequently Asked Questions

How large is Commercial Bank Foundation?

As of 2024, Commercial Bank Foundation holds $218K in total assets with $13K in annual revenue. It awarded 19 grants totaling $42K in 2024.

Where does Commercial Bank Foundation operate?

Commercial Bank Foundation has awarded grants in District of Columbia, Kentucky, North Carolina, Ohio, West Virginia.

What size grants does Commercial Bank Foundation award?

In 2024, Commercial Bank Foundation awarded 19 grants totaling $42K — an average of about $2K per grant, based on its IRS Form 990 filings.

How much is Commercial Bank Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Commercial Bank Foundation reported a distributable amount of $12K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.