John C & Ada K Arter Memorial Fund

CHARLESTON, WV EIN: 55-6138361

John C & Ada K Arter Memorial Fund is a private foundation, based in CHARLESTON, WV. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.8M in total assets. In 2024, it awarded 1 grants totaling $124K. Net investment income was $103K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.8M

-1.1% YoY

Annual Giving

$124K

+2.1% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$124K

+2.1% YoY

Under IRS private-foundation payout rules, John C & Ada K Arter Memorial Fund reported a distributable amount of $124K for 2024 — the minimum it must pay out in qualifying distributions.

About John C & Ada K Arter Memorial Fund

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

West Virginia $657K (100%)

States

West Virginia

Cities

Charleston

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$1,818,714	$1,839,012	$1,915,276
Revenue	$128,988	$69,939	$53,918
Expenses	$149,286	$146,203	$168,721
Qualifying Distributions	$123,894	$121,348	$141,296
Net Investment Income	$102,693	$43,946	$33,137
Distributable Amount	$123,591	$120,171	$128,891

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

5 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Union Mission ($123,894).

Recipient	Purpose	Amount
UNION MISSION CHARLESTON, WV	INCOME DISTRIBUTION	$123,894

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
CITY NATIONAL BANK WV	TRUSTEE	—	—

Frequently Asked Questions

How large is John C & Ada K Arter Memorial Fund?

As of 2024, John C & Ada K Arter Memorial Fund holds $1.8M in total assets with $129K in annual revenue. It awarded 1 grants totaling $124K in 2024.

Where does John C & Ada K Arter Memorial Fund operate?

John C & Ada K Arter Memorial Fund has awarded grants in West Virginia.

What size grants does John C & Ada K Arter Memorial Fund award?

In 2024, John C & Ada K Arter Memorial Fund awarded 1 grants totaling $124K — an average of about $124K per grant, based on its IRS Form 990 filings.

How much is John C & Ada K Arter Memorial Fund required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, John C & Ada K Arter Memorial Fund reported a distributable amount of $124K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is John C & Ada K Arter Memorial Fund's EIN?

John C & Ada K Arter Memorial Fund's EIN (Employer Identification Number) is 55-6138361. IRS Form 990 filing data is available on this page for 2020–2024.