Private Foundation

FIRST BANCORP INC FOUNDATION

FIRST BANCORP INC FOUNDATION is a private foundation categorized as Private Foundation based in ABINGDON, VA. Its most recent IRS filing (2025) reports revenue of $38K, expenses of $68K, total assets of $894K. Imperigo tracks 45 reported grants from this foundation totaling approximately $157K.

EIN: 874174417 ABINGDON, VA Scholarships & Student Financial Aid NTEE: B82 Latest filing: 2025
Total Revenue$38K
Total Expenses$68K
Total Assets$894K
Grants Given45
Grant Total$157K
Filing Years2022–2025

Sample Grants Given

EMORY & HENRY UNIVERSITY
EMORY, VA · 2025
PROMISE ENDOWMENT
$10,000
WASHINGTON COUNTY VA SCHOOLS
ABINGDON, VA · 2025
SCHOLARSHIP
$10,000
LEBANON VA HIGH SCHOOL
LEBANON, VA · 2025
SCHOLARSHIP
$5,713
BREANNA GREEN
ABINGDON, VA · 2025
SCHOLARSHIP
$2,500
VBA EDUCATION FOUNDATION
GLEN ALLEN, VA · 2025
SCHOLARSHIP
$2,500

Showing up to 5 of 45 total records — full history available with membership.

Officers & Directors

DIRECTOR David Leonard
DIRECTOR David Leondard Iii
DIRECTOR Raleigh Hayter
DIRECTOR Ronald Barrett
DIRECTOR Ronnie Barrett
DIRECTOR Sophia Chafin-Vance

Officer compensation and complete director data available with membership.

Top Grant Purposes

SCHOLARSHIP
$82,713 35 grants
FINANCIAL LITERACY FUND
$50,000 1 grant
Post-secondaryed. scholarship
$10,500 6 grants
PROMISE ENDOWMENT
$10,000 1 grant
SCHOLASRHIP
$2,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2025 $38K $68K $894K
2024 $422K $85K $923K
2023 $66K $16K $586K
2022 $548K $12K $535K

Between 2022 and 2025, reported annual revenue declined from $548K to $38K (-93%), with total assets most recently reported at $894K.

Interactive year-over-year charts and full filing details available with membership.

Grant Geography

Grants from this foundation were reported to recipients in TN, VA.

TNVA

Full geographic grant map with state-by-state breakdown available with membership.

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