This Fund was originally created as the Ambrose-Ramsey Trust with The Parkersburg National Bank by Ethel Virginia Langfitt Ambrose in 1984. The Trust was expressly created for the purpose of providing financial assistance and support, in the form of scholarships, for students graduating from Parkersburg High School, Parkersburg South High School, Parkersburg Catholic High School, or Williamstown High School who desire to further their education in the study of Methodist Ministry.

The Trust was transferred to the Parkersburg Area Community Foundation in 2004 for the Foundation to administer and maintain. In 2016, the Fund's scholarship eligibility was expanded to include any resident of Wood County who is pursuing the study of Methodist Ministry.

Ethel V. Langfitt Ambrose was a daughter of Margaretta Murrey Moore Ramsey of Parkersburg and Okie S. Moore and was born in born in Jackson County, WV. She and her first husband, Glenn Langfitt, operated a Parkersburg coal yard, flower shop, and carpet store. She was a member of St. Andrew's United Methodist Church, was a past matron of Parkersburg Chapter No. 14 Order of the Eastern Star, past high priestess of the Ladies of the Oriental Shrine, Hathor Court No. 3, and a member of White Shrine of Jerusalem and the Order of Amaranth. She was also a member of the Grand Representatives Association of West Virginia and a past counselor of the Daughters of America, Loyalty Council No. 55.

Ethel Langfitt Ambrose passed away on July 7, 1986. She was preceded in death by her first husband, Glenn K. Langfitt, in 1968; and her second husband, the Rev. Dr. Charles W. Ambrose, Jr. in 1982.

The Rev. Dr. Charles "Pop" Ambrose, Jr. was born in Berkeley Springs, WV, a son of Fannie and Charles Ambrose, and grew up on a 200-acre farm in Morgan County, WV where his father grew tomatoes and operated a tomato canning factory. He graduated from Shephard State Teachers College and taught school for 12 years in Morgan County before resigning to enter the ministry. He attended Emory University to prepare for ministry and in 1959, he received his Doctor of Divinity from Morris Harvey College. Following his graduation, Charles served various churches throughout the state, including the Parkersburg area, until his retirement in 1971.

Active with many community and church organizations during his lifetime, Charles served in more than 200 camps, retreats, assemblies, and other youth gathering, involving 4-H, Girls State, church camps, and more.

His first wife, Henrietta V. Grandle Ambrose, died in 1971, and he married Ethel V. Langfitt in 1973. They resided in Parkersburg until he passed away on October 17, 1982 after an extended illness at the approximate age of 76.