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Alleghany Foundation is a private corporation based in COVINGTON, VA. The foundation received its IRS ruling in 1995. It holds total assets of $64.4M. Annual income is reported at $13.3M. Total assets have grown from $52.5M in 2011 to $64.4M in 2024. The foundation is governed by 24 officers and trustees. N/a - the foundation does not actively conduct charitable activities itself, but rather funds other organizations that do. Tax records are available from 2020 to 2024. Grantmaking is concentrated in Alleghany Highlands, Virginia. According to available records, Alleghany Foundation has made 177 grants totaling $7.6M, with a median grant of $25K. Annual giving has grown from $1.2M in 2020 to $4.7M in 2022. Individual grants have ranged from N/A to $272K, with an average award of $43K. The foundation has supported 21 unique organizations. Grant recipients are concentrated in Virginia. Contributions to this foundation are tax-deductible.
Smallest Grant
N/A
Median Grant
$33K
Average Grant
$53K
Largest Grant
$272K
Based on 34 grants from the most recent 990-PF filing.
N/a - the foundation does not actively conduct charitable activities itself, but rather funds other organizations that do.
Support for building a competitive, higher-wage economy in the region.
Support for developing human capital across early childhood through post-secondary education.
Support for comprehensive healthcare access and healthy lifestyles.
Support for strengthening local institutions and organizations.
Support for developing inclusive community leadership.
N/a - the foundation does not actively conduct charitable activities itself, but rather funds other organizations that do. Based on available records, the foundation has funded 177 grants. Its grantmaking reaches organizations primarily in VA.
Alleghany Foundation has distributed a total of $7.6M across 177 grants. The median grant size is $25K, with an average of $43K. Individual grants have ranged from N/A to $272K.
The application deadline is APPLICATIONS ARE ACCEPTED YEAR-ROUND.. Grants are generally awarded only to organizations within the foundation's geographic area (alleghany county, clifton forge & covington areas). Grants are not made to individuals or religious organizations.
Alleghany Foundation is headquartered in COVINGTON, VA.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Mary Fant Donnan | EXECUTIVE DIRECTOR | $183K | $37K | $221K |
| George C Snead Jr | DIRECTOR EMERITUS | $0 | $0 | N/A |
| James D Snyder | DIRECTOR EMERITUS | $0 | $0 | N/A |
| Lynda Thompson | DIRECTOR EMERITUS | $0 | $0 | N/A |
| Anne L Wright | DIRECTOR EMERITUS | $0 | $0 | N/A |
| Dr Leo T Mulcahy | DIRECTOR EMERITUS | $0 | $0 | N/A |
| Lisa H Schoppmeyer | DIRECTOR EMERITUS | $0 | $0 | N/A |
| Susan W Rollinson Phd | BOARD PRESIDENT | $0 | $0 | N/A |
| Kelly Dean Madsen | SECRETARY/ TREASURER | $0 | $0 | N/A |
| Janie D Barnette | DIRECTOR | $0 | $0 | N/A |
| Brandon S Caldwell | DIRECTOR | $0 | $0 | N/A |
| Dr David E Crandall | DIRECTOR | $0 | $0 | N/A |
| James R Eller | DIRECTOR | $0 | $0 | N/A |
| Jack A Hammond Ii | DIRECTOR | $0 | $0 | N/A |
| Teresa B Johnson | DIRECTOR | $0 | $0 | N/A |
| Ray Lipes | DIRECTOR | $0 | $0 | N/A |
| Nancy Moga | DIRECTOR | $0 | $0 | N/A |
| R Meade Snyder | DIRECTOR | $0 | $0 | N/A |
| Rachael Thompson | DIRECTOR | $0 | $0 | N/A |
| Dr Michele Ballou | DIRECTOR EMERITUS | $0 | $0 | N/A |
| Harrison L Fridley | DIRECTOR EMERITUS | $0 | $0 | N/A |
| Jack A Hammond | DIRECTOR EMERITUS | $0 | $0 | N/A |
| Charles W Kahle | DIRECTOR EMERITIS | $0 | $0 | N/A |
| George J Kostel | DIRECTOR EMERITUS | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$64.4M
Fair Market Value
N/A
Net Worth
$61.6M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
177
Total Giving
$7.6M
Average Grant
$43K
Median Grant
$25K
Unique Recipients
21
Most Common Grant
$3K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Alleghany Highlands Community Services Board FoundationMOODY BUILDING ROOF REPLACEMENT PROJECT | Covington, VA | $234K | 2022 |
| Alleghany Highlands YmcaPOOL DEHUMIDIFICATION & BUILDING AUTOMATION SYSTEM | Covington, VA | $183K | 2022 |
| City Of CovingtonENGINEERING STUDY FOR CONSOLIDATED SPORTS FACILITIES | Covington, VA | $134K | 2022 |
| Alleghany Highlands Chamber Of Commerce And TourismOPERATIONAL FUNDS & PROGRAM SUPPORT 2021-2024 | Covington, VA | $120K | 2022 |
| Covington City Public SchoolsJOINT SCHOOL COMMUNICATIONS SPECIALIST | Low Moor, VA | $87K | 2022 |
| The Masonic Theatre Preservation FoundationGENERAL OPERATING SUPPORT AND BUILDING MAINTENANCE | Clifton Forge, VA | $50K | 2022 |
| Alleghany Historical SocietyALLEGHANY HIGHLANDS INDUSTRIAL HERITAGE AND TECHNOLOGY DISCOVERY CENTER RENOVATION COMPLETION | Covington, VA | $49K | 2022 |
| Alleghany Highlands Arts CouncilORGANIZATIONAL & PROGRAMMING SUPPORT FOR 2022-23 | Covington, VA | $47K | 2022 |
| Alleghany Highlands Arts & Crafts CenterMATCHING GENERAL OPERATING SUPPORT | Clifton Forge, VA | $42K | 2022 |
| Alleghany County Public SchoolsJOINT SCHOOL CONSOLIDATION IMPLEMENTATION PLANNING | Low Moor, VA | $25K | 2022 |