The Alleghany Foundation is organized for charitable purposes, and grants are awarded to organizations which are tax-exempt under the IRS Section 501(c)(3) and are not private foundations as described under Section 509(a) as well as to qualifying political subdivisions.  Priority is given to organizations serving the Alleghany County, Covington, and Clifton Forge areas with an emphasis on new and different endeavors to improve the community’s quality of life.  Although the Foundation has not established inflexible limitations upon the purposes for which it will award grants, in general, grants will not be made for debt reduction, endowment funds, or ongoing general operation expenses or existing deficits.  In addition, requests that are not of a recurring nature are given preference.  Applicants are encouraged to review the Foundation’s Strategic Plan.