The Stelio and Betty Tracy Corte
The Stelio and Betty Tracy Corte Charitable Foundation is a private foundation established in 1992 and located in Bluefield, West Virginia. It operates as a family foundation with a focus on supporting charitable, educational, religious, and scholarship initiatives across multiple states.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$2.4M
+0.6% YoY
Annual Giving
$217K
-10.3% YoY
Grant Count
62
-7.5% YoY
Avg Grant Size
$3K
-3.0% YoY
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.
Mission & Focus Areas
The foundation's primary areas of interest include:
- Education
- Human services
- Health
- Community development
- Christian churches and organizations
- Children and youth
- Historic preservation
- Arts and culture
Grantmaking
The foundation is an active grantmaker with recent grant activity showing:
Grant Range
**: Typical awards range from $15 to $62,432
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Geographic Focus
Where this funder awards grants
The foundation primarily supports nonprofit organizations in Virginia and West Virginia, with particular emphasis on southern West Virginia and southwest Virginia. Grant activity also extends to South Carolina.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of Fiscal Year 2025 (ending June 2025):
- Total Assets: $2,409,861
- Total Revenues: $266,828
- Total Expenses: $252,292
As of Fiscal Year 2024 (ending June 2024):
- Total Assets: $2,394,912
- Total Revenues: $101,140
- Total Expenses: $273,054
Organization Details:
- EIN: 55-6119269
- IRS Classification: 501(c)(3) Private Foundation
- Staff: 0 employees
- Contact: First Community Bank Inc, PO Box, Bluefield, WV 24701
- Telephone: 304-325-7151
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $2,409,861 | $2,394,912 | $2,566,826 |
| Revenue | $266,828 | $101,140 | $178,516 |
| Expenses | $252,292 | $273,054 | $242,392 |
| Qualifying Distributions | $216,977 | $243,297 | $206,484 |
| Net Investment Income | $248,813 | $98,312 | $217,278 |
| Distributable Amount | $235,037 | $221,209 | $211,609 |
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 2025
Grant Size Distribution
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest include Bluefield University ($62,432), First Methodist Church ($12,578), Mt View High School ($12,300).
| Recipient | Purpose | Amount |
|---|---|---|
| BENI KEDEM SHRINERS CHARLESTON, WV | CHARITABLE | $120 |
| BETHLEHEM CHURCH REIDSVILLE, NC | RELIGIOUS | $300 |
| BIBLE IN THE SCHOOLS BLUEFIELD, WV | EDUCATIONAL | $500 |
| BLUEFIELD BASEBALL CLUB BLUEFIELD, WV | CHARITABLE | $1,200 |
| BLUEFIELD PRIMARY SCHOOL BLUEFIELD, WV | EDUCATIONAL | $800 |
| BLUEFIELD UNIVERSITY BLUEFIELD, VA | EDUCATIONAL | $62,432 |
| BLUEFIELD SHRINE CLUB BLUEFIELD, WV | CHARITABLE | $100 |
| BLUEFIELD UNION MISSION BLUEFIELD, WV | CHARITABLE | $500 |
| BLUEFIELD VA POLICE DEPT BLUEFIELD, VA | CHARITABLE | $2,000 |
| BLUEFIELD WV POLICE DEPT BLUEFIELD, WV | CHARITABLE | $8,500 |
Leadership & Key People
Leadership team and compensation from IRS filings
Betty Jane Tracy Corte (1924-2013) was a co-founder of the foundation. She held significant community leadership roles including:
- Chairman of the Board for Southwest Virginia Community College
- Chairman of the Board for the Southwest Virginia Community College Educational Foundation
- Board service with Sanders House, the Community Foundation of the Virginias, and other regional organizations
She was a devoted member of the First United Methodist Church in Bluefield, Virginia, and served as Chair of the Missions Committee.
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| FIRST COMMUNITY BANK NA | TRUSTEE | 1 | $6,915 |
| CATHERINE PAYNE | SELECTION COMMITTEE MEMBER | 1 | — |
| ELIZABETH PERRY | SELECTION COMMITTEE MEMBER | 1 | — |
| MILDRED RAYNOR | SELECTION COMMITTEE MEMBER | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does The Stelio and Betty Tracy Corte fund?
The foundation's primary areas of interest include: • Education • Human services • Health • Community development • Christian churches and organizations • Children and youth • Historic preservation • Arts and culture
How do I apply for a grant from The Stelio and Betty Tracy Corte?
The foundation is an active grantmaker with recent grant activity showing: • **2024-2025 Grant Activity**: Made 90 grants in the most recent fiscal year • **Grant Range**: Typical awards range from $15 to $62,432 • **Recent Notable Grants** (FY 2025): • Bluefield University: $62,432 (Educational) • Operation Home: $9,000 (Charitable) • Sanders House Charitable Trust: $5,300 (Charitable) • **Recent Notable Grants** (FY 2024): • Bluefield University: $37,872 (Educational) • Operation Home: $12,50…
Where does The Stelio and Betty Tracy Corte make grants?
The foundation primarily supports nonprofit organizations in Virginia and West Virginia, with particular emphasis on southern West Virginia and southwest Virginia. Grant activity also extends to South Carolina.
What size grants does The Stelio and Betty Tracy Corte award?
In 2025, The Stelio and Betty Tracy Corte awarded 62 grants totaling $217K — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is The Stelio and Betty Tracy Corte required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, The Stelio and Betty Tracy Corte reported a distributable amount of $235K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
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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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