Tippens Charitable Trust

PARKERSBURG, WV EIN: 55-6118733

Tippens Charitable Trust is a private foundation based in Parkersburg, West Virginia. The organization operates as an independent foundation focused on providing educational support to qualifying individuals in its service area.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$751K

-11.2% YoY

Annual Giving

$165K

-2.9% YoY

Grant Count

+13.3% YoY

Avg Grant Size

$10K

-14.3% YoY

Under IRS private-foundation payout rules, Tippens Charitable Trust reported a distributable amount of $67K for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

The trust provides scholarships to eligible Wood County, West Virginia graduating seniors who demonstrate:

Financial need
Good character and reputation
Unselfish and ambitious qualities
Ability and desire to pursue further education

Scholarships support education at colleges, universities, or trade schools in West Virginia.

Grantmaking

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Geographic Focus

Where this funder awards grants

Primary Service Area: Wood County, West Virginia
Eligible Recipients: Graduating seniors from Wood County
Educational Institutions: Colleges, universities, and trade schools in West Virginia

Grant Distribution by State

West Virginia $783K (100%)

States

West Virginia

Cities

HuntingtonMineralwellsParkersburgSkeltonViennaWashingtonWilliamstown

Financial History

Multi-year comparison from IRS filings

Total Assets: $751,112
Total Annual Giving: $165,203
EIN: 55-6118733

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$751,112	$845,956	$968,741
Revenue	$81,943	$59,498	$98,444
Expenses	$176,897	$181,242	$165,127
Qualifying Distributions	$167,635	$172,501	$152,767
Net Investment Income	$72,681	$50,757	$86,084
Distributable Amount	$67,467	$70,738	$79,043

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

81 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Kaden Spencer ($22,787), Caroline Bruker ($19,985), Samuel Chichester ($17,006).

Recipient	Purpose	Amount
ALLISON MARKS PARKERSBURG, WV	SEE PART IX - A	$13,405
ARIANNA NEDEFF VIENNA, WV	SEE PART IX - A	$37
AUSTIN GORDON WILLIAMSTOWN, WV	SEE PART IX - A	$8,813
BEN FERREBEE WILLIAMSTOWN, WV	SEE PART IX - A	$15,204
BENTLEY KINZER SKELTON, WV	SEE PART IX - A	$1,273
CAROLINE BRUKER PARKERSBURG, WV	SEE PART IX - A	$19,985
CATHERINE EVANS WASHINGTON, WV	SEE PART IX - A	$1,090
EMMA HORNBECK PARKERSBURG, WV	SEE PART IX - A	$3,146
HALLEY LANDIS WILLIAMSTOWN, WV	SEE PART IX - A	$11,933
KADEN SPENCER WILLIAMSTOWN, WV	SEE PART IX - A	$22,787

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
WESBANCO BANK - PARKERSBURG	TRUSTEE	3	$9,727

Frequently Asked Questions

What does Tippens Charitable Trust fund?

The trust provides scholarships to eligible Wood County, West Virginia graduating seniors who demonstrate: • Financial need • Good character and reputation • Unselfish and ambitious qualities • Ability and desire to pursue further education Scholarships support education at colleges, universities, or trade schools in West Virginia.

How do I apply for a grant from Tippens Charitable Trust?

**Grant Amounts:** Typical awards range from $37 to $23,025 **Total Annual Giving:** $165,203 (based on most recent IRS Form 990 filing for 2024) **Foundation Type:** Private foundation with scholarship focus

Where does Tippens Charitable Trust make grants?

• **Primary Service Area:** Wood County, West Virginia • **Eligible Recipients:** Graduating seniors from Wood County • **Educational Institutions:** Colleges, universities, and trade schools in West Virginia

What size grants does Tippens Charitable Trust award?

In 2024, Tippens Charitable Trust awarded 17 grants totaling $165K — an average of about $10K per grant, based on its IRS Form 990 filings.

How much is Tippens Charitable Trust required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Tippens Charitable Trust reported a distributable amount of $67K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.