Grantmaking public charity · EIN 55-6024192
Capital Area Development Corporation of West Virginia
Charleston, WV
Capital Area Development Corporation of West Virginia is a public charity that makes grants based in Charleston, WV. On its Form 990 (Schedule I) for tax year 2025, it reported $4.06M in grants paid across 19 grants, with $14.5M in total assets. Its largest grants went to West Virginia University Foundation, West Virginia Department of Tourism and The City of Charleston WV.
How to request funding
Its Form 990 lists the grants it made but not how it chooses recipients. Check Capital Area Development Corporation of West Virginia's website or contact it to ask whether it considers requests.
How it makes and monitors grants (Schedule I, Part IV)
The reporting entity operated two separate grant/incentive programs designed to assist small businesses and to recruit talented workforce to Charleston and Kanawha County. The Optimum Small Business Grant program awarded 25 grants totaling $125,000 to encourage local business growth and innovation. All such grants were $5,000 or less and, therefore, are not reportable in Section II above. The Charleston Roots Relocation Incentive program provided 16 individuals with monetary incentives totaling $62,500 to assist with moving to and working in the region. Programs are managed by organizational staff supported by selection and review committees. Applicants are carefully screened for eligibility criteria and are required to submit periodic reports regarding deployment of awarded funds (Small Business Grant program) and continued residency and employment (Charleston Roots). Charleston Area Alliance also supported other local economic development initiatives through selected sponsorships totaling $13,250.
Grants as reported on its Form 990 for tax year 2025; the application guidance above is general for this type of funder. Requirements change; confirm with the organization before applying.
Mission
Capital Area Development Corporation of West Virginia dba Charleston Area Alliance serves as a catalyst for change for Charleston, Kanawha County, and the surrounding area, leading with innovative and collaborative approaches to shape a prosperous economy that fosters growth and attracts people and investment. We are a community and economic development organization that connects businesses, entrepreneurs and young talent with the resources needed to succeed. Our strategic initiatives stimulate job creation, attract new industries, bolster the region's economic resilience, and support energeti
As stated on its Form 990.
Largest grants, tax year 2025
Historical data · not a prediction| Recipient | Location | Purpose | Amount |
|---|---|---|---|
| West Virginia University Foundation | Morgantown, WV | Net present value of 5 year pledge of support for Ascend West Virginia Charleston Area Remote Work Location | $2,829,347 |
| West Virginia Department of Tourism | Charleston, WV | Contribution to Air Services Agreement | $1,000,000 |
| The City of Charleston WV | Charleston, WV | BID contribution Hearts of Our Neighborhood Trash Bin Project | $25,000 |
The 3 largest of 19 grants listed on the return. 16 grants to individuals ($62.5K) are counted but not named. Names and purposes as reported to the IRS.
Where its grants went
Quick answers
Does Capital Area Development Corporation of West Virginia accept grant applications?
Its Form 990 lists the grants it made but not how it chooses recipients. Check Capital Area Development Corporation of West Virginia's website or contact it to ask whether it considers requests. Form 990 does not report an application process, so confirm with the organization.
How much does Capital Area Development Corporation of West Virginia give each year?
For tax year 2025, it reported $4,063,097 in grants paid (19 grants). Giving can change from year to year.
What organizations has Capital Area Development Corporation of West Virginia funded?
Its largest grants in tax year 2025 went to West Virginia University Foundation (WV), $2.83M, West Virginia Department of Tourism (WV), $1M and The City of Charleston WV (WV), $25K.