The Alleghany Foundation is a 501(c)(3) organization that provides financial support to area nonprofits and local government entities to improve the quality of life in the Alleghany Highlands of Virginia.
The Alleghany Foundation seeks to become a catalyst for positive change in the Alleghany Highlands. We use our multiple forms of capital to refocus the region’s aspirations and goals, build the capacity of our grantees and partners, seed and support innovation, and measure and mark progress.
The Foundation’s vision is to be a resource for and partner with eligible organizations to make the Alleghany Highlands a civically engaged, prosperous region that builds upon its assets to produce opportunities for all its residents to succeed.
The Foundation was established in 1995 with $35 million in proceeds from the sale of Alleghany Regional Hospital. The money was placed in a permanent endowment to support community improvements within the former service area of the hospital.
In 2009 the board of The Alleghany Foundation underwent a Reflective Practice exercise facilitated by MDC, Inc. of Durham, NC. As a result, the Foundation’s board began to explore ways to become more of a catalyst for change in turning around negative trends–such as job losses, declining population, and declining school enrollment–becoming visible in our rural community.
The Alleghany Foundation is a Virginia non-stock corporation exempt from income taxation under Section 501(c)(3) of the Internal Revenue Code.
Over its first twenty years, the foundation awarded 513 grants to 73 organizations for a total of $50 million.