The United Company Foundation

Organization Overview

The United Company Foundation is located in Bristol, VA. The organization was established in 1987. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. United Company Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, United Company Foundation generated $6.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $2.9m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2016, United Company Foundation has awarded 681 individual grants totaling $16,604,166. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

LOW-INCOME HOUSEHOLDS IN BRISTOL VA & TN RECEIVE 1 BAG (= 1 MEAL) OF NUTRITIOUS FOOD PER FAMILY MEMBER PER MONTH. MEALS ARE DELIVERED VIA 2 VANS THAT TRAVEL TO THE HOMES OF THE RECIPIENTS. APPROXIMATELY 8,000 MEALS ARE DELIVERED PER MONTH.


A COLLEGE AND CAREER COUNSELOR WORKS AT MOUNTAIN MISSION SCHOOL (GRUNDY, VA) AND ASSISTS STUDENTS WITH COLLEGE AND APPLICATION PROCESSES, FINANCIAL AID, AND MATRICULATION PROCEDURES. THE COUNSELOR ALSO OVERSEES THE SCHOLARSHIP PROGRAM FOR MOUNTAIN MISSION SCHOOL GRADUATES.


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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $25
Dividends & Interest $660,051
Net Rental Income$0
Net Gain on Sale of Assets $5,779,749
Capital Gain Net Income $5,786,418
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $6,439,825

Grants Awarded

Over the last fiscal year, The United Company Foundation has awarded $2,367,640 in support to 94 organizations.

Grant RecipientAmount

YMCA OF BUCHANAN COUNTY

PURPOSE: GENERAL SUPPORT

$246,533

JOHN HOPKINS UNIVERSITY

PURPOSE: SIDNEY KIMMEL COMPREHENSIVE CANCER CENTER FOR PANCREATIC CANCER RESEARCH

$150,000

GIRLS INC OF BRISTOL

Org PageRecipient Profile

Bristol, VA

PURPOSE: FUNDING AFTER SCHOOL AND SUMMER PROGRAMS

$125,000

QUINNIPIAC UNIVERSITY

Org PageRecipient Profile

Hamden, CT

PURPOSE: EDUCATION - TUITION

$124,869

UNITED WAY OF SOUTHWEST VA

PURPOSE: FUNDS FOR HURLEY, VA FLOOD RELIEF EFFORTS

$100,000

EDWARD VIA VA COLLEGE OF OSTEOPATHIC MEDICINE

Org PageRecipient Profile

Blacksburg, VA

PURPOSE: SCHOLARSHIP FUND FOR MEDICAL STUDENTS AT VCOM WHO COMMIT TO PRACTICE IN SOUTHWEST VA

$100,000
View Grant Profile

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