Hugh I Shott Jr Foundation Inc
Hugh I Shott Jr Foundation Inc is a private foundation based in Bluefield, West Virginia. Its stated primary goal is to improve the social and economic quality of life in the original trade area of the Bluefield Daily Telegraph, and it is organized for charitable, religious, scientific, literary, or educational purposes.
Key facts about Hugh I Shott Jr Foundation Inc
In short: Hugh I Shott Jr Foundation Inc gave $2.7M across 22 grants in 2025 (avg $121K), mostly in West Virginia. 44% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- EIN
- 55-0650833
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $2,665,329
- Grants made (2025)
- 22
- Average grant
- $121,151
- Median grant
- $100,000
- New grantees (estimate)
- 44% first-time grantees (7 of 16, 2025)
- Total assets
- $54,160,326
- Primary geography
- West Virginia (80% of itemized 2025 grant dollars)
- How to apply
- The foundation states that it does not restrict giving to preselected organizations. Full details ↓
- Deadline
- N/A.
Data from IRS Form 990-PF, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$54.2M
+5.8% YoY
Annual Giving
$2.7M
+26.5% YoY
Grant Count
22
+22.2% YoY
Avg Grant Size
$121K
+3.5% YoY
Under IRS private-foundation payout rules, Hugh I Shott Jr Foundation Inc reported a distributable amount of $2.5M for 2025 — the minimum it must pay out in qualifying distributions.
Is Hugh I Shott Jr Foundation Inc open to new grantees?
44%
first-time grantees, 2025
In 2025, 7 of 16 grantees (44%) were first-time recipients. First grants averaged $75K; repeat grants $238K. How we count
Medians: $49K first-time, $110K repeat.
- 6% of 2025 grantees were also funded in 2024. Method
- Giving held roughly steady from 2022 to 2025 (+6%). Method
- In 2025 it paid out 110% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Mission & Focus Areas
The foundation’s primary goal is improving quality of life in the original trade area of the Bluefield Daily Telegraph. Its mission statement describes charitable, religious, scientific, literary, and educational purposes.
Among its 2024 grantees, the Center for Applied Research and Technology describes its mission as conducting applied research and technology development and translating STEM into marketable products and systems. Concord University Foundation says it works to grow charitable resources, enhance the university’s reputation, and strengthen relationships with alumni and friends. Westminster at Wade describes its work as supporting the growth of children, teens, and young adults in the Greater Bluefield community through programs and mentoring.
Grantmaking
In 2024, the foundation reported 18 grants totaling $2,106,797. Grants ranged from $7,000 to $400,000, with a median of $36,462. Among the largest awards were $400,000 to the Town of Bluefield, Virginia, for a pledge for Fincastle Golf Course; $397,215 to the City of Bluefield, West Virginia, for Lotito Park improvements; and $365,000 to the Center for Applied Research for the WV CREATE Center project. Other grants included $200,000 to Child Abuse Reporting & Enforcement for renovation of Harper’s Home, $200,000 to Concord University Foundation for an indoor sports complex, and $200,000 to the Town of Bluefield, Virginia, for Parkview Heights Playground.
Review Cycle
N/A.
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Geographic Focus
Where this funder awards grants
The foundation’s stated service area comprises Mercer, McDowell, Raleigh, and Wyoming counties in southern West Virginia, and Bland, Tazewell, and Buchannon counties in southwestern Virginia. Its filing states that awards are limited to southern West Virginia and southwestern Virginia. In 2024, 62% of grant dollars went to recipients in West Virginia and 38% to recipients in Virginia.
Grant Distribution by State
Share of 2025 grant dollars across all 22 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $2.1M (2024) to $2.7M (2025). In 2025 it made 22 grants totaling $2.7M.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was City of Bluefield WV ($1.1M across 7 grants). Together the top 10 received $2.5M.
Grant Size Distribution
101 grants across all recorded years
The most common grant size was under $50K: 44 grants of 101 (44%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Bluefield University Bluefield, VA | Alumni Hall Dormitory Renovation | $400,000 |
| City of Bluefield WV Bluefield, WV | Lotito Park Improvements | $397,215 |
| City of Bluefield WV Bluefield, WV | Engineering and design costs on former mercer nursing home | $200,000 |
| City of Princeton Princeton, WV | Recreation Complex - First Installment | $200,000 |
| WVU Foundation Morgantown, WV | WVU Rockefeller Neuroscience Institute Equipment Fund | $200,000 |
| Bluefield WV Economic Development Authority Bluefield, WV | Capital Improvements on Former Wilson Media Building | $180,000 |
| Tazewell County VA Tazewell, VA | Recreational Development | $130,000 |
| City of Bluefield WV Bluefield, WV | Tandem Truck | $125,000 |
| Bluefield State University Bluefield, WV | 2025 Grant Award | $109,970 |
| Helpful Harvest Food Bank Inc Athens, WV | Construction of Farm and Community Center | $101,459 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants |
|---|---|---|---|---|
| 2024 | $51,211,646 | $1,569,476 | $2,628,714 | $2,106,797 |
| 2023 | $48,344,742 | $3,979,327 | $2,670,826 | $2,273,871 |
| 2022 | $44,787,116 | $883,624 | $2,923,638 | $2,506,963 |
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $54,160,326 | $51,211,646 | $48,344,742 |
| Revenue | $6,957,031 | $1,569,476 | $3,979,327 |
| Expenses | $3,325,992 | $2,628,714 | $2,670,826 |
| Qualifying Distributions | $2,720,355 | $2,124,691 | $2,317,344 |
| Net Investment Income | $6,386,372 | $1,156,360 | $3,629,673 |
| Distributable Amount | $2,462,939 | $2,490,343 | $2,189,017 |
Data update history
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS July 21, 2026)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists John H Shott as president; BK Satterfield as vice president; James H Shott III as secretary; and J Ronald Hypes as treasurer. It lists W Chandler Swope, Michael R Shott, Jason Shott, Allen Peacock, Andrew Shott, and Frank W Wilkinson as directors, with Wilkinson also identified as past vice president.
Hugh I Shott Jr Foundation Inc is led by John H. Shott, President on every filing since 2020; none of the 8 officers listed in 2025 report compensation.
Officers on the 2025 filing
John H. Shott
President
On filings since 2020
1 hr/week
No compensation reported
Jason Shott
Director
On filings since 2020
1 hr/week
No compensation reported
Michael R. Shott
Director
On filings since 2020
1 hr/week
No compensation reported
W. Chandler Swope
Director
On filings since 2020
1 hr/week
No compensation reported
Allen Peacock
Director
On filings since 2024
1 hr/week
No compensation reported
Bk Satterfield
Vice President
Treasurer → Vice President, 2024
On filings since 2020
1 hr/week
No compensation reported
James H. Shott III
Secretary
On filings since 2020
1 hr/week
No compensation reported
Andrew Shott
Treasurer
Director → Treasurer, 2025
On filings since 2024
1 hr/week
No compensation reported
Former officers (5)
- Former: Frank W. Wilkinson (2020–2024) — Past Vice President
- Former: J. Ronald Hypes (2024) — Treasurer
- Former: Ronnie Hypes (2020–2023) — Director
- Former: Charlie Cole (2021–2023) — Director
- Former: Cahrile Cole (2020) — Director
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Contact
Application contact: The Hugh I Shott Jr Foundation Inc
Mailing address: 525 Federal Street, Bluefield, WV 24701
Phone: (304) 324-3236
Website: https://shottfoundation.org
Frequently asked questions about Hugh I Shott Jr Foundation Inc
How much does Hugh I Shott Jr Foundation Inc give each year?
Hugh I Shott Jr Foundation Inc gave $2.7M across 22 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $2.1M across 18 grants.
What is Hugh I Shott Jr Foundation Inc's typical grant size?
Hugh I Shott Jr Foundation Inc's median grant in 2025 was $100,000, and its average grant was $121,151, across 22 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Hugh I Shott Jr Foundation Inc that year got $75K on average.
Where does Hugh I Shott Jr Foundation Inc give grants?
Hugh I Shott Jr Foundation Inc gives mostly in West Virginia: 80% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Virginia (20%). The most frequent recipient cities were Bluefield, WV (11 grants), Princeton, WV (3 grants) and Bluefield, VA (2 grants).
Does Hugh I Shott Jr Foundation Inc give general operating support?
Not in 2025: none of the 22 grants with a stated purpose on Hugh I Shott Jr Foundation Inc's 2025 IRS Form 990-PF were described as general or operating support.
Who are Hugh I Shott Jr Foundation Inc's largest grantees?
Hugh I Shott Jr Foundation Inc's largest 2025 grantees include City of Bluefield WV ($1,062,215 across 7 grants), Bluefield University ($400,000) and City of Princeton ($200,000), according to its 2025 IRS Form 990-PF. Together they received 62% of its itemized 2025 grant dollars.
How large is Hugh I Shott Jr Foundation Inc?
Hugh I Shott Jr Foundation Inc reported $54.2M in total assets on its 2025 IRS Form 990-PF. It paid out $2.7M in qualifying distributions that year, against a required minimum of $2.5M (roughly 5% of its investment assets).
What does Hugh I Shott Jr Foundation Inc fund?
The foundation’s primary goal is improving quality of life in the original trade area of the Bluefield Daily Telegraph. Its mission statement describes charitable, religious, scientific, literary, and educational purposes. See mission & focus areas ↑
How do I apply for a grant from Hugh I Shott Jr Foundation Inc?
The foundation states that it does not restrict giving to preselected organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Hugh I Shott Jr Foundation Inc's EIN?
Hugh I Shott Jr Foundation Inc's EIN (Employer Identification Number) is 55-0650833. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Here's the math on researching Hugh I Shott Jr Foundation Inc by hand.
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