The Virginia Health Care Foundation (VHCF) is a public/private partnership and 501(c)(3) nonprofit organization headquartered in Richmond, Virginia. Established in 1992 as an integral part of the Commonwealth's approach to health care access, VHCF is the only statewide health foundation in Virginia. The organization works to increase access to primary health care for uninsured Virginians and those in underserved communities.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$28.2M
+5.8% YoY
Annual Giving
$4.5M
-22.9% YoY
Grant Count
53
-7.0% YoY
Avg Grant Size
$85K
-17.1% YoY
Mission & Focus Areas
VHCF's mission centers on helping uninsured Virginians and those living in underserved communities obtain medical, dental, and mental health care. The foundation supports this mission through grants to free clinics, community health centers, and other nonprofit organizations to expand both the types of care offered and the number of patients served annually.
Primary focus areas include:
- Health Access Grants: Support for behavioral health professionals, dentists, nurse practitioners, and physicians at community health centers and free clinics
- Behavioral Health Services: Including a "Brighter Days Ahead" initiative to attract mental health providers to shortage areas and underserved populations, with emphasis on school-based health centers for low-income children
- Dental Care: Grants to establish or expand dental safety net practices
- Prescription Assistance: Funding for medication assistance caseworkers who help uninsured patients obtain free prescription medicines through Patient Assistance Programs
- Insurance Enrollment Assistance: Support for outreach workers helping low-income individuals obtain medical, mental health, and dental coverage
Grantmaking
How to Apply
**: VHCF accepts formal proposals from eligible organizations. The foundation has established application procedures for organizations seeking funding.
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Geographic Focus
Where this funder awards grants
VHCF funds throughout Virginia, with a statewide focus. The foundation's work encompasses rural and urban communities across the Commonwealth.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Assets: $28,217,820 (as of most recent filing)
Annual Giving: $4,511,244 in total giving
Annual Revenue: $10,489,285 (2024)
Annual Expenses: $10,089,054 (2024)
Staff: 17 employees
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $28,217,820 | $26,667,470 | $24,355,643 |
| Revenue | $9,805,941 | $10,489,285 | $10,658,990 |
| Expenses | $8,941,628 | $10,089,054 | $8,534,341 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $1,069,746 | $1,414,788 | $155,958 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
Grant Size Distribution
247 grants across all recorded years
Open Grants
5 open opportunities from Virginia Health Care Foundation
Health Access Grants
Virginia Health Care Foundation
Amount
$10,000 - $200,000+
Deadline
Rolling / Open
Project Connect Grants
Virginia Health Care Foundation
Amount
Varies
Deadline
Rolling / Open
Psychiatric Mental Health Nurse Practitioner Scholarship Program
Virginia Health Care Foundation
Amount
Varies
Deadline
Rolling / Open
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Rachel L. Rees serves as CEO of the Virginia Health Care Foundation.
Marvin B. Figueroa was appointed to the Board of Trustees in September 2025, bringing expertise in health policy initiatives and public-private coalition building.
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Deborah D Oswalt | Past Executive Director | 40 | $228,905 |
| Rachel Rees | 2024 Deputy Director/2025 CEO and Secretary | 40 | $158,730 |
| Cornelia Sullivan-Dews | Director of Finance | 40 | $140,973 |
| Andrea Lancaster | Chief Program Impact Officer | 40 | $106,851 |
| Kimberly Separ | Fund Development Manager | 40 | $103,495 |
| Katherine Vatalaro Hill | Director of Programs | 40 | $103,247 |
| Lisa Johnson MD | Director | 0.75 | — |
| Regina Milteer | Vice-Chairman | 1 | — |
| Margaret G Vanderhye | Director | 0.75 | — |
| Jeff Ricketts | Chairman | 2 | — |
| Marvin Figueroa | Director | 0.75 | — |
| Nicholas C Conte | Treasurer | 1 | — |
| John O'Bannon III MD | Director | 0.75 | — |
| William L Murray | Director | 0.75 | — |
| Anna Healy James | Director | 0.75 | — |
| Tonya Parris-Wilkins DDS | Director | 0.75 | — |
| Sheldon Retchin MD MSPH | Director | 0.75 | — |
Recent News & Activity
Recent developments and announcements
In September 2025, VHCF launched "It Takes a Village," a multipronged initiative to bridge critical gaps in mental health care for mothers across Virginia, addressing the fact that nearly one-third of Virginia counties are considered maternal health deserts.
The Virginia Health Care Foundation has awarded $770,313 in grants to 9 nonprofitSubject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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