The Stelio and Betty Tracy Corte
The Stelio and Betty Tracy Corte is a private foundation based in Bluefield, West Virginia. Its 2025 grants supported educational, charitable, and religious purposes, with recipients including schools, community organizations, a church, and local governments.
The Stelio and Betty Tracy Corte at a glance
In short: The Stelio and Betty Tracy Corte gave $217K across 62 grants in 2025 (avg $3K), mostly in Virginia. 43% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $216,977
- -10.3% vs 2024
- Grants made (2025)
- 62
- -7.5% vs 2024
- Average grant
- $3,500
- -3.0% vs 2024
- Median grant
- $600
- Total assets
- $2,409,861
- +0.6% vs 2024
- New grantees (estimate)
- 43% first-time grantees (26 of 60, 2025)
- Primary geography
- Virginia (66% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to The Stelio and Betty Tracy Corte
- How to Apply
-
The 2024 filing says giving is not restricted to preselected organizations. It lists Catherine Payne as the contact, no application materials except a scholarship application, and no deadlines. It also states that at least one-half of the benefits awarded each year will be paid to agencies and organizations existing or operating in Southern West Virginia and/or Southwest Virginia.
- Contact
Application contact: Catherine Payne
Mailing address: 500 Country Club Drive, Bluefield, VA 24605
Phone: (276) 326-4233
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who The Stelio and Betty Tracy Corte funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Bluefield University ($62K). Together the top 10 received $172K.
Organizations only. It also paid 1 individual scholarship ($2,000), which are not listed by name.
Grant Size Distribution
364 grants across all recorded years
The most common grant size was under $50K: 362 grants of 364 (99%).
Geographic Focus
Where this funder awards grants
In 2025, recipients in Virginia received 66% of grant dollars, those in West Virginia received 21%, South Carolina received 8%, North Carolina received 3%, and Ohio received 2%. The filing’s stated geographic restriction requires at least half of benefits awarded each year to go to agencies and organizations existing or operating in Southern West Virginia and/or Southwest Virginia.
Grant Distribution by State
Share of 2025 grant dollars across all 62 itemized grants.
States
Cities
Is The Stelio and Betty Tracy Corte open to new grantees?
43%
first-time grantees, 2025
In 2025, 26 of 60 grantees (43%) were first-time recipients. First grants averaged $635; repeat grants $6K. How we count
Medians: $300 first-time, $1K repeat.
- 43% of 2025 grantees were also funded in 2024. Method
- Giving held roughly steady from 2022 to 2025 (−1%). Method
- In 2025 it paid out 92% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2021–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $206K (2023) to $242K (2024). In 2025 it made 62 grants totaling $217K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Bluefield University Bluefield, VA | Educational | $62,432 |
| Town of Bluefield VA Bluefield, VA | Charitable | $35,006 |
| First Methodist Church Bluefield, VA | Religious | $12,578 |
| Mt View High School Welch, WV | Educational | $12,300 |
| Southwest Va Community College Richlands, VA | Educational | $10,926 |
| Town of Kimball WV Kimball, WV | Charitable | $10,000 |
| Operation Home N Charleston, SC | Charitable | $9,000 |
| Bluefield WV Police Dept Bluefield, WV | Charitable | $8,500 |
| Graham High School Bluefield, VA | Educational | $5,750 |
| Sanders House Bluefield, VA | Charitable | $5,300 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $2,409,861 | $266,828 | $252,292 | $216,977 | 62 | $216,977 | $248,813 | $235,037 |
| 2024 | $2,394,912 | $101,140 | $273,054 | $241,797 | 67 | $243,297 | $98,312 | $221,209 |
| 2023 | $2,566,826 | $178,516 | $242,392 | $206,484 | 90 | $206,484 | $217,278 | $211,609 |
| 2022 | $2,630,702 | $199,482 | $237,352 | $218,557 | 77 | $218,557 | $262,937 | $228,372 |
| 2021 | $2,668,572 | $141,748 | $224,527 | $206,657 | 68 | — | $115,264 | $217,100 |
Under IRS private-foundation payout rules, The Stelio and Betty Tracy Corte reported a distributable amount of $235K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2025 grants included educational, charitable, and religious awards. Among the grantees, Bluefield University describes its mission as offering a Christ-centered liberal arts experience that integrates career-oriented studies and service; Operation Home says it helps people remain in their homes by facilitating critical repairs; and the Citadel Brigadier Foundation says it advances the Citadel’s mission by supporting cadet-athletes.
Grantmaking
In filing year 2025, the foundation reported 62 grants totaling $216,977. Grant amounts ranged from $45 to $62,432, with a median of $600. The largest awards included $62,432 to Bluefield University, $35,006 to the Town of Bluefield, Virginia, $12,578 to First Methodist Church, and $12,300 to Mt View High School.
Other 2025 recipients included Southwest Virginia Community College ($10,926), the Town of Kimball, West Virginia ($10,000), Operation Home ($9,000), the Bluefield, West Virginia Police Department ($8,500), Graham High School ($5,750), Sanders House ($5,300), the Citadel Brigadier Foundation ($4,000), and K9 Working Dogs ($3,500).
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists First Community Bank NA as trustee. Catherine Payne, Elizabeth Perry, and Mildred Raynor are listed as selection committee members.
The Stelio and Betty Tracy Corte's 2025 filing lists 4 officers; 1 of 4 officers listed in 2025 is compensated.
Officers on the 2025 filing
First Community Bank NA
Trustee
On filings since 2021
1 hr/week
$5K (2021) → $7K (2025)
Catherine Payne
Selection Committee Member
On filings since 2021
1 hr/week
No compensation reported
Elizabeth Perry
Selection Committee Member
On filings since 2021
1 hr/week
No compensation reported
Mildred Raynor
Selection Committee Member
On filings since 2021
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $7K, to First Community Bank NA (Trustee).
Frequently asked questions about The Stelio and Betty Tracy Corte
How much does The Stelio and Betty Tracy Corte give each year?
The Stelio and Betty Tracy Corte gave $217K across 62 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $242K across 67 grants.
What is The Stelio and Betty Tracy Corte's typical grant size?
The Stelio and Betty Tracy Corte's median grant in 2025 was $600, and its average grant was $3,500, across 62 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from The Stelio and Betty Tracy Corte that year got $635 on average.
Where does The Stelio and Betty Tracy Corte give grants?
The Stelio and Betty Tracy Corte gives mostly in Virginia: 66% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were West Virginia (21%) and South Carolina (8%). The most frequent recipient cities were Bluefield, VA (15 grants), Bluefield, WV (10 grants), Charleston, SC (7 grants) and Welch, WV (3 grants).
Does The Stelio and Betty Tracy Corte give general operating support?
Not in 2025: none of the 62 grants with a stated purpose on The Stelio and Betty Tracy Corte's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Charitable" (42 grants), "Educational" (11 grants) and "Religious" (7 grants).
Who are The Stelio and Betty Tracy Corte's largest grantees?
The Stelio and Betty Tracy Corte's largest 2025 grantees include Bluefield University ($62,432), Town of Bluefield VA ($35,006) and First Methodist Church ($12,578), according to its 2025 IRS Form 990-PF. It also paid 1 individual scholarship ($2,000), which are not listed by name. Together they received 51% of its itemized 2025 grant dollars.
How large is The Stelio and Betty Tracy Corte?
The Stelio and Betty Tracy Corte reported $2.4M in total assets on its 2025 IRS Form 990-PF. It paid out $217K in qualifying distributions that year, against a required minimum of $235K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What does The Stelio and Betty Tracy Corte fund?
No mission statement for the foundation is provided. Its 2025 grants included educational, charitable, and religious awards. See mission & focus areas ↑
How do I apply for a grant from The Stelio and Betty Tracy Corte?
The 2024 filing says giving is not restricted to preselected organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is The Stelio and Betty Tracy Corte's EIN?
The Stelio and Betty Tracy Corte's EIN (Employer Identification Number) is 55-6119269. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2025
Live grants for the work The Stelio and Betty Tracy Corte funds
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Cite this profile
Grantable. (2026). The Stelio and Betty Tracy Corte funder profile. GrantGraph. Retrieved October 21, 2026, from https://grantable.co/funders/the-stelio-and-betty-tracy-corte-morg_59fa6ab1d16243e085daa0263deaa685
BibTeX
@misc{grantable_556119269_2026,
author = {{Grantable}},
title = {{The Stelio and Betty Tracy Corte funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/the-stelio-and-betty-tracy-corte-morg_59fa6ab1d16243e085daa0263deaa685},
note = {Accessed 2026-10-21. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from The Stelio and Betty Tracy Corte's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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