New River Valley Health Foundation
The an individual recipient Valley Health Foundation is a public charity based in Christiansburg, Virginia. Its 2024 IRS filing is marked as the organization’s final return, indicating that it appears to have wound down or stopped grantmaking.
New River Valley Health Foundation at a glance
In short: New River Valley Health Foundation gave $3.1M across 22 grants in 2024 (avg $142K), mostly in Virginia. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $3,121,804
- +47.6% vs 2023
- Grants made (2024)
- 22
- +214.3% vs 2023
- Average grant
- $141,900
- -53.0% vs 2023
- Median grant
- $36,485
- Primary geography
- Virginia (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
How to apply to New River Valley Health Foundation
- Contact
Mailing address: 175 Cherry Lane, Christiansburg, VA 24073
Phone: (540) 381-8451
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who New River Valley Health Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Radford University Foundation ($1.3M). Together the top 10 received $2.5M.
Organizations only. It also paid 2 individual scholarships ($498,637), which are not listed by name.
Grant Size Distribution
47 grants across all recorded years
The most common grant size was under $50K: 28 grants of 47 (60%).
Geographic Focus
Where this funder awards grants
The Foundation’s stated geographic focus was the an individual recipient Valley of Virginia. Its 2024 filing reports that 100% of grant dollars went to recipients in Virginia.
Grant Distribution by State
Share of 2024 grant dollars across all 22 itemized grants.
Cities
How New River Valley Health Foundation gives
Estimate from itemized grant lists in IRS Form 990 filings (2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $109K (2020) to $3.1M (2024). In 2024 it made 22 grants totaling $3.1M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Radford University Foundation Radford, VA | Scholarship Endowment | $1,335,000 |
| Vcom - Edward via College of Oseopathic Medicine Blacksburg, VA | Scholarship Endowment | $500,000 |
| 2 individual scholarships Recipients not named | — | $498,637 |
| Floyd County Cares Inc Floyd, VA | Operating Expenses | $184,000 |
| Free Clinic of Pulaski County Inc Pulaski, VA | Operating Expenses | $107,500 |
| Women's Resource Center of NRV Radford, VA | Provide emergency shelter, transitional housing, counseling, and legal services | $100,000 |
| Pulaski County Christmas Store Inc Pulaski, VA | Operating Expenses | $72,000 |
| Vittles for Vets Radford, VA | Operating Expenses | $53,334 |
| Pulaski County Va - Board of Supervisors Pulaski, VA | Operating Expenses | $50,000 |
| Montgomery County Christmas Store Christiansburg, VA | Operating Expenses | $50,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | — | $1,841,191 | $3,205,981 | $3,121,804 | 22 | $1,830,203 |
| 2023 | $1,463,300 | $390,945 | $2,151,904 | $2,115,000 | 7 | $371,028 |
| 2022 | $3,227,805 | $241,520 | $834,829 | $762,000 | 6 | $216,966 |
| 2021 | $4,577,534 | $272,084 | $237,495 | $175,500 | 7 | $248,783 |
| 2020 | $4,291,404 | $86,171 | $160,175 | $109,000 | 5 | $68,902 |
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The Foundation stated that it was organized to foster community health activities for charitable and educational purposes in the an individual recipient Valley. Its filing says that in 2003 its board broadened support beyond the hospital it had traditionally funded to include organizations promoting health care and health education in the region.
Its 2024 grants included scholarship endowments and operating support. The an individual recipient Community College Education Foundation describes its work as providing scholarship opportunities and tuition and book assistance at the college. The Free Clinic of Pulaski County says it provides primary medical, nursing, and dental care, pharmaceuticals, and health education for people who lack resources to obtain those services. Other 2024 recipients included organizations whose stated missions include providing food for veterans, assisting low-income families during the Christmas season, and nourishing the Floyd County community by growing and sharing food.
Grantmaking
In 2024, the Foundation reported 22 grants totaling $3,121,804. Grants ranged from $10,000 to $1,335,000, with a median of $36,485. Its largest reported grants were:
The filing says recipients were identified through a grantmaking process intended to foster community health activities.
Leadership & Key People
Leadership team and compensation from IRS filings
Officers and directors listed on the 2024 filing:
- Fred L Newhouse Jr, Chairman
- Shannon Zeman, Vice Chairman
- Sally McCarthy, Secretary
- Michael Barber, Treasurer
- Jerry Smith, Director
- Jeff L Irby, Director
- David Hagadorn, Director
- Frederick Kellerman, Director
- Virginia Ousley, Director
- Joseph Sheffey, Director
New River Valley Health Foundation is led by Fred L. Newhouse Jr., Chairman on every filing since 2020; none of the 15 officers listed in 2024 report compensation.
Officers on the 2024 filing
Fred L. Newhouse Jr.
Chairman
On filings since 2020
2 hrs/week
No compensation reported
Bruce Turner
Director
On filings since 2020
1 hr/week
No compensation reported
David Hagadorn
Director
On filings since 2020
1 hr/week
No compensation reported
Frederick Kellerman
Director
On filings since 2020
1 hr/week
No compensation reported
Jerry Smith
Director
On filings since 2020
1 hr/week
No compensation reported
Joseph Sheffey
Director
On filings since 2020
1 hr/week
No compensation reported
Kevin Stoner
Director
On filings since 2020
1 hr/week
No compensation reported
Lee Matthis
Director
On filings since 2020
1 hr/week
No compensation reported
Melissa Gentry
Director
On filings since 2020
5 hrs/week
No compensation reported
Virginia Ousley
Director
On filings since 2020
1 hr/week
No compensation reported
Jeff L. Irby
Director
On filings since 2022
1 hr/week
No compensation reported
Pat Huber
Director
On filings since 2023
1 hr/week
No compensation reported
Michael Barber
Treasurer
On filings since 2020
2 hrs/week
No compensation reported
Sally McCarthy
Secretary
On filings since 2020
2 hrs/week
No compensation reported
Shannon Zeman
Vice Chairman
On filings since 2020
2 hrs/week
No compensation reported
Former officers (3)
- Former: Karen Boyer (2020–2022) — Director
- Former: Donna Downs (2020–2021) — Director
- Former: William Christian (2020) — Director Emeritus
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about New River Valley Health Foundation
How much does New River Valley Health Foundation give each year?
New River Valley Health Foundation gave $3.1M across 22 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $2.1M across 7 grants.
What is New River Valley Health Foundation's typical grant size?
New River Valley Health Foundation's median grant in 2024 was $36,485, and its average grant was $141,900, across 22 grants on its 2024 IRS Form 990.
Where does New River Valley Health Foundation give grants?
New River Valley Health Foundation gives mostly in Virginia: 100% of the grant dollars itemized on its 2024 IRS Form 990 went to recipients there. The most frequent recipient cities were Radford, VA (5 grants), Christiansburg, VA (5 grants), Blacksburg, VA (3 grants) and Pulaski, VA (3 grants).
Does New River Valley Health Foundation give general operating support?
Yes: 68% of New River Valley Health Foundation's 2024 grants with a stated purpose (15 of 22) were for general or operating support, per its 2024 IRS Form 990. Recurring purposes include "Scholarship Endowment" (3 grants).
Who are New River Valley Health Foundation's largest grantees?
New River Valley Health Foundation's largest 2024 grantees include Radford University Foundation ($1,335,000), Vcom - Edward via College of Oseopathic Medicine ($500,000) and Floyd County Cares Inc ($184,000), according to its 2024 IRS Form 990. It also paid 2 individual scholarships ($498,637), which are not listed by name. Together they received 65% of its itemized 2024 grant dollars.
What does New River Valley Health Foundation fund?
The Foundation stated that it was organized to foster community health activities for charitable and educational purposes in the an individual recipient Valley. See mission & focus areas ↑
How do I apply for a grant from New River Valley Health Foundation?
New River Valley Health Foundation has no public application process in the sources Grantable reviewed. Contact the foundation directly before submitting a request.
What is New River Valley Health Foundation's EIN?
New River Valley Health Foundation's EIN (Employer Identification Number) is 52-1349560. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings. Research dossier generated September 2026.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS September 14, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS November 8, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 14, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 7, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 7, 2025)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in New River Valley Health Foundation's focus areas in our free grants database
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Cite this profile
Grantable. (2026). New River Valley Health Foundation funder profile. GrantGraph. Retrieved October 5, 2026, from https://grantable.co/funders/new-river-valley-health-foundation-morg_24c6a7ef10a24e23b8cad402f8b30f51
BibTeX
@misc{grantable_521349560_2026,
author = {{Grantable}},
title = {{New River Valley Health Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/new-river-valley-health-foundation-morg_24c6a7ef10a24e23b8cad402f8b30f51},
note = {Accessed 2026-10-05. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from New River Valley Health Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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