Foundation History

The Alleghany Foundation is a private foundation that came about as a result of the sale of a community non-profit hospital to a for-profit hospital. The Alleghany Foundation is a Virginia nonstock corporation exempt from income taxation under Section 501(c)(3) of the Internal Revenue Code. It is managed by a Board of Directors, all the members of which are residents of the community. The Foundation’s ongoing purpose is to provide financial support that primarily benefits worthy activities in the Alleghany Highlands of Virginia.