Encova Foundation of West Virginia

CHARLESTON, WV EIN: 80-0772825

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

+4.7% YoY

Avg Grant Size

$25K

-13.4% YoY

Under IRS private-foundation payout rules, Encova Foundation of West Virginia reported a distributable amount of $2.8M 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

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

West Virginia $3.9M (96%)

Ohio $50K (1%)

District of Columbia $25K (1%)

Pennsylvania $25K (1%)

Missouri $21K (1%)

Illinois $9K (0%)

Texas $8K (0%)

Virginia $7K (0%)

+12 more states

States

California Connecticut District of Columbia Georgia Iowa Illinois Indiana Kentucky Maryland Minnesota Missouri North Carolina New York Ohio Pennsylvania South Carolina Tennessee Texas Virginia West Virginia

Cities

AlbansAtlantaBeckleyBelleBethesdaBluefieldBridgeportCamdenCeredoCharles TownCharlestonCharlotteChicagoClarksburgClayColumbiaColumbusDallasDunbarEast Bank

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.

Revenue

Expenses

Qualifying Distributions

Net Investment Income

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

Foundation

Encova Foundation of West Virginia Grants

ENCOVA FOUNDATION OF WEST VIRGINIA

Amount

Varies

Deadline

Rolling / Open

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Marshall University Foundation Incorporation ($450,000), Legal Aid of West Virginia ($100,000), Keith Albee Performing Arts Center ($50,000).

Recipient	Purpose	Amount
AMERICAN FOUNDATION FOR SUICIDE PREVENTION NEW YORK, NY	CHARLESTON OUT OF THE DARKNESS	$1,000
AMERICAN HEART ASSOCIATION INC DALLAS, TX	PROVIDE VITAL RESEARCH AND REACH CLOSE TO 5,000 COMMUNITY MEMBERS.	$5,000
APPALACHIAN OUTREACH WHEELING, WV	POVERTY AND DISASTER RELIEF	$5,000
BIG BROTHERS & BIG SISTERS OF THE TRI-STATE INC HUNTINGTON, WV	DONATION WILL BE HEADLINE SPONSORSHIP FOR THE 26TH ANNUAL GOLF FOR KIDS SAKE EVENT, SUPPORTING THE COST OF IMPLEMENTING THE EVENT INCLUDING EVENT SPACE, FOOD, GREENS FEES, ETC.	$8,000
BIG BROTHERS & BIG SISTERS OF THE TRI-STATE INC HUNTINGTON, WV	SPONSORSHIP FOR THE 26TH ANNUAL GOLF FOR KIDS SAKE EVENT, SUPPORTING THE COST OF IMPLEMENTING THE EVENT INCLUDINF EVENT SPACE, FOOD, GREENS FEES, ETC.	$2,000
BOY SCOUT OF AMERICA CHARLESTON, WV	FRIENDS OF SCOUTING PACESETTER PARTNER.	$15,000
CABELL HUNTINGTON HOSPITAL FOUNDATION HUNTINGTON, WV	CONCERT FOR A CURE	$5,000
CAMP CAREFREE STOKESDALE, NC	CAMPING SCHOLARSHIPS	$1,000
CAMP KESEM NATIONAL MORGANTOWN, WV	CAMP KESEM AT WVU - CAMP OFFER	$2,000
CAPITOL MARKET INC CHARLESTON, WV	FLOWERS AFTER HOURS AND MARKET	$25,000

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 WVU

Encova 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-Albee

The foundation pledged $250,000 to the Keith-Albee Theatre

Encova Foundation of West Virginia pledges $250,000 to Keith-Albee

Contact 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

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What does Encova Foundation of West Virginia fund?

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.

How do I apply for a grant from Encova Foundation of West Virginia?

**Grant Activity:** • Total annual giving: approximately $2.3–$2.5 million • Number of grants awarded: 83–85 grants annually • Grant range: $1,000–$515,000 • Median grant size: $5,000 • Average grant amount: $500–$515,000 **Application Process:** The foundation accepts applications from eligible organizations. **Recent Grant Examples:** • Marshall University Foundation: $450,000 (Brad D Smith Center for Business and Innovation Auditorium) • The University of Charleston: $250,000 (Master of Scie…

Where does Encova Foundation of West Virginia make grants?

The foundation primarily funds organizations in West Virginia, with additional grantmaking activity in Ohio and New York.

What size grants does Encova Foundation of West Virginia award?

In 2024, Encova Foundation of West Virginia awarded 89 grants totaling $2.3M — an average of about $25K per grant, based on its IRS Form 990 filings.

How much is Encova Foundation of West Virginia required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Encova Foundation of West Virginia reported a distributable amount of $2.8M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Encova Foundation of West Virginia's EIN?

Encova Foundation of West Virginia's EIN (Employer Identification Number) is 80-0772825. IRS Form 990 filing data is available on this page for 2020–2024.