Hugh I Shott Jr Foundation Inc
The Hugh I. Shott, Jr. Foundation is a private, non-operating foundation based in Bluefield, West Virginia. Established in 1985, it is one of the top grantmakers in West Virginia and operates as a 501(c)(3) charitable organization with tax-exempt status since October 1986.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$51.2M
+5.9% YoY
Annual Giving
$2.1M
-7.3% YoY
Grant Count
18
+50.0% YoY
Avg Grant Size
$117K
-38.2% YoY
Under IRS private-foundation payout rules, Hugh I Shott Jr Foundation Inc reported a distributable amount of $2.5M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's primary goal is improving the social and economic quality of life in the original trade area of the Bluefield Daily Telegraph. The foundation supports religious, scientific, literary, and educational efforts to enhance quality of life in its geographic focus area.
Primary funding areas include:
- Education
- Human services
- Community and economic development
- Children and youth
- Arts and culture
- Historic preservation
- Science and STEM education
Grantmaking
Grant Range
s:** Typical awards range from $2,000 to $659,835.
How to Apply
** The foundation accepts applications for funding on an ongoing basis. Interested organizations can submit applications through the foundation's website.
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Geographic Focus
Where this funder awards grants
The foundation's area of geographic focus comprises:
West Virginia: Mercer, McDowell, Raleigh, and Wyoming counties in southern West Virginia, with emphasis on Bluefield.
Virginia: Bland, Tazewell, and Buchanan counties in nearby Virginia.
Most funding goes directly to the City of Bluefield, where the foundation is based.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Total Assets: $51,211,646 (as of 2024)
Annual Revenue: $3.98 million (2023)
Annual Expenses: $2.67 million (2023)
Total Liabilities: $0 (2023)
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $51,211,646 | $48,344,742 | $44,787,116 |
| Revenue | $1,569,476 | $3,979,327 | $883,624 |
| Expenses | $2,628,714 | $2,670,826 | $2,923,638 |
| Qualifying Distributions | $2,124,691 | $2,317,344 | $2,551,632 |
| Net Investment Income | $1,156,360 | $3,629,673 | $606,623 |
| Distributable Amount | $2,490,343 | $2,189,017 | $2,365,201 |
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
99 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Town of Bluefield Virginia ($400,000), City of Bluefield Wv ($397,215), Center for Applied Research ($365,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CITY OF BLUEFIELD WV BLUEFIELD, WV | CHARITABLE - LOTITO PARK IMPROVEMENTS | $397,215 |
| CITY OF BLUEFIELD WV BLUEFIELD, WV | CHARITABLE - FIRE ENGINE FIRST INSTALLMENT | $40,000 |
| CITY OF BLUEFIELD WV BLUEFIELD, WV | CHARITABLE - BLUEFIELD BEAUTIFICATION COMMISSION | $51,000 |
| CITY OF BLUEFIELD WV BLUEFIELD, WV | 400 BLOCK DESIGN SERVICES | $100,000 |
| AMERICAN LEGION POST #8 WELCH, WV | LODGE HVAC SYSTEM | $15,500 |
| BLUEWELL IMPROVEMENT ASSOCIATION MONTCALM, WV | CHARITABLE CONTRIBUTION | $7,000 |
| CENTER FOR APPLIED RESEARCH BLUEFIELD, WV | GRANT FOR WV CREATE CENTER PROJECT | $365,000 |
| CHILD ABUSE REPORTING & ENFORCEMENT RICHLANDS, VA | FOSTERCARE FACILITY - RENOVATON OF HARPER'S HOME | $200,000 |
| CONCORD UNIVERSITY FOUNDATION ATHENS, WV | ASSISTANCE WITH INDOOR SPORTS COMPLEX | $200,000 |
| MCDOWELL COUNTY PUBLIC LIBRARY WELCH, WV | ELEVATOR REPAIR | $25,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Several family members of Hugh I. Shott serve on the board. Hugh I. Shott (1866-1953) was a newspaper editor, broadcaster, and Republican politician who served in the House of Representatives. He established this foundation to improve the lives of residents in his hometown of Bluefield and the surrounding region.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BK SATTERFIELD | VICE PRESIDENT | 1 | — |
| JOHN H SHOTT | PRESIDENT | 1 | — |
| W CHANDLER SWOPE | DIRECTOR | 1 | — |
| MICHAEL R SHOTT | DIRECTOR | 1 | — |
| JAMES H SHOTT III | SECRETARY | 1 | — |
| JASON SHOTT | DIRECTOR | 1 | — |
| J RONALD HYPES | TREASURER | 1 | — |
| ALLEN PEACOCK | DIRECTOR | 1 | — |
| ANDREW SHOTT | DIRECTOR | 1 | — |
| FRANK W WILKINSON | PAST VICE PRESIDENT | 1 | $6,666 |
Recent News & Activity
Recent developments and announcements
The foundation approved a grant for the Renaissance Theater project. The Hugh I. Shott, Jr. Foundation and the June Oblinger Shott Foundation jointly contributed to Concord University's track project.
Hugh I Shott Jr Foundation - Full Filing - Nonprofit ExplorerFrequently Asked Questions
What does Hugh I Shott Jr Foundation Inc fund?
The foundation's primary goal is improving the social and economic quality of life in the original trade area of the Bluefield Daily Telegraph. The foundation supports religious, scientific, literary, and educational efforts to enhance quality of life in its geographic focus area. Primary funding areas include: • Education • Human services • Community and economic development • Children and youth • Arts and culture • Historic preservation • Science and STEM education
How do I apply for a grant from Hugh I Shott Jr Foundation Inc?
**Grant Sizes:** Typical awards range from $2,000 to $659,835. **Total Giving:** $2,106,797 in recent annual giving. **Application Process:** The foundation accepts applications for funding on an ongoing basis. Interested organizations can submit applications through the foundation's website.
Where does Hugh I Shott Jr Foundation Inc make grants?
The foundation's area of geographic focus comprises: **West Virginia:** Mercer, McDowell, Raleigh, and Wyoming counties in southern West Virginia, with emphasis on Bluefield. **Virginia:** Bland, Tazewell, and Buchanan counties in nearby Virginia. Most funding goes directly to the City of Bluefield, where the foundation is based.
What size grants does Hugh I Shott Jr Foundation Inc award?
In 2024, Hugh I Shott Jr Foundation Inc awarded 18 grants totaling $2.1M — an average of about $117K per grant, based on its IRS Form 990 filings.
How much is Hugh I Shott Jr Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Hugh I Shott Jr Foundation Inc reported a distributable amount of $2.5M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2020–2024.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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