Raymond Murphy Trust & United Bank

WHEELING, WV EIN: 61-6229634

Raymond Murphy Trust & United Bank is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WHEELING, WV. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $248K in total assets. In 2024, it awarded 4 grants totaling $12K. Net investment income was $18K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$248K

+0.4% YoY

Annual Giving

$12K

-14.5% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$3K

-14.5% YoY

Under IRS private-foundation payout rules, Raymond Murphy Trust & United Bank reported a distributable amount of $17K for 2024 — the minimum it must pay out in qualifying distributions.

About Raymond Murphy Trust & United Bank

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Kentucky $66K (100%)

States

Kentucky

Cities

LexingtonMt WashingtonPineville

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$247,877	$246,903	$245,789
Revenue	$20,259	$14,076	$16,050
Expenses	$16,322	$17,671	$27,553
Qualifying Distributions	$14,133	$15,980	$23,808
Net Investment Income	$18,412	$12,383	$14,291
Distributable Amount	$16,743	$14,945	$15,813

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 4 recipients in 2024

Grant Size Distribution

20 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Stamping Ground Baptist Church ($4,412), Sunrise Childrens Services ($3,264), Glendale Childrens Home ($3,264).

Recipient	Purpose	Amount
SUNRISE CHILDRENS SERVICES MT WASHINGTON, KY	FINANCIAL ASSISTANCE	$3,264
GLENDALE CHILDRENS HOME MT WASHINGTON, KY	FINANCIAL ASSISTANCE	$3,264
STAMPING GROUND BAPTIST CHURCH LEXINGTON, KY	FINANCIAL ASSISTANCE	$4,412
CLEAR CREEK BAPTIST BIBLE PINEVILLE, KY	FINANCIAL ASSISTANCE	$1,305

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

No officer/director data available.

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Raymond Murphy Trust & United Bank?

Raymond Murphy Trust & United Bank is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WHEELING, WV. It holds $248K in total assets as of 2024.

How large is Raymond Murphy Trust & United Bank?

As of 2024, Raymond Murphy Trust & United Bank holds $248K in total assets with $20K in annual revenue. It awarded 4 grants totaling $12K in 2024.

Where does Raymond Murphy Trust & United Bank operate?

Raymond Murphy Trust & United Bank has awarded grants in Kentucky.

What size grants does Raymond Murphy Trust & United Bank award?

In 2024, Raymond Murphy Trust & United Bank awarded 4 grants totaling $12K — an average of about $3K per grant, based on its IRS Form 990 filings.

How much is Raymond Murphy Trust & United Bank required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Raymond Murphy Trust & United Bank reported a distributable amount of $17K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Raymond Murphy Trust & United Bank's EIN?

Raymond Murphy Trust & United Bank's EIN (Employer Identification Number) is 61-6229634. IRS Form 990 filing data is available on this page for 2020–2024.