This Fund was originally created as the Langfitt-Ambrose 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. These students shall have excelled in the combined fields of Mathematics and English and have the desire to further their education in those fields.

The Trust was transferred to the Parkersburg Area Community Foundation in 2004 for the Foundation to administer and maintain.

Ethel was born in Jackson County, WV a daughter of Margaretta Murrey Moore Ramsey of Parkersburg and Okie S. Moore. She and her first husband, Glenn Langfitt, had operated a Parkersburg coal yard, flower shop, and a 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 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. Charles Ambrose, in 1982.