Encova Foundation of West Virginia
The Encova Foundation of West Virginia is a private corporate foundation based in Charleston, West Virginia. Established in 2012, it operates as a 501(c)(3) organization dedicated to philanthropic giving within its service regions. The foundation is affiliated with Encova Insurance and was formerly known as the Brickstreet Foundation.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$51.7M
+6.9% YoY
Annual Giving
$2.3M
-9.3% YoY
Grant Count
89
+4.7% YoY
Avg Grant Size
$25K
-13.4% YoY
Mission & Focus Areas
The foundation's grantmaking focuses on supporting local causes and community initiatives. Primary funding areas include:
- Education and scholarships
- Health and wellness
- Children's initiatives and youth development
- Community improvement and family services
- Industry initiatives
- Safety programs
The foundation prioritizes organizations that impact health, education, safety, and children's wellbeing.
Grantmaking
The foundation accepts applications from eligible organizations.
Grant Range
$1,000–$515,000
Average Grant
amount: $500–$515,000
How to Apply
**
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in West Virginia, with additional grantmaking activity in Ohio and New York.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total assets: $51.7 million
- Total revenue: $5.45 million
- Total expenses: $2.61 million
- Total liabilities: $3.18 million
- Giving rate: approximately 5.2% of assets
As of 2023:
- Total assets: $48.3 million
- Total revenue: $4.7 million
- Total expenses: $2.8 million
The foundation derives its resources from the sales of investment securities.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $51,682,893 | $48,344,839 | $48,872,761 |
| Revenue | $5,448,903 | $4,721,228 | $3,754,798 |
| Expenses | $2,612,174 | $2,810,460 | $2,703,346 |
| Qualifying Distributions | $2,265,000 | $2,497,000 | $2,195,160 |
| Net Investment Income | $5,101,729 | $1,951,166 | $899,113 |
| Distributable Amount | $2,823,172 | $2,561,837 | $2,453,910 |
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 Encova Foundation of West Virginia
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MARTY BECKER | EXECUTIVE CHAIR | 0.5 | — |
| JAMES CHRISTOPHER HOWAT | EXECUTIVE VP, CFO, TREASURER | 0.5 | — |
| THOMAS J OBROKTA JR | PRESIDENT AND CEO | 0.5 | — |
Recent News & Activity
Recent developments and announcements
The foundation awarded $2 million to WVU's Rockefeller Neuroscience Institute to support focused ultrasound research initiatives
WVU Foundation | $2M Encova grant aids focused ultrasound research at WVUEncova Foundation provided scholarship funding to West Virginia School of Osteopathic Medicine (WVSOM) students, including three named scholarships totaling $89,500
Encova Foundation of West Virginia pledges $250,000 to Keith-AlbeeThe foundation pledged $250,000 to the Keith-Albee Theatre
Encova Foundation of West Virginia pledges $250,000 to Keith-AlbeeContact Information
Address: 400 Quarrier Street, Charleston, WV 25301-2010
Phone: 304-941-1000
Website: www.encova.com/our-story/encova-cares
EIN: 80-0772825
Subject Areas
Focus areas based on grantmaking activity
Related Funders
Similar funders by location and focus area
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Maude Mccracken Fbo First Christian Christian
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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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