Alleghany Foundation Grants

The Alleghany Foundation, a private 501(c)(3) organization in Virginia, focuses on enhancing the quality of life in the Alleghany Highlands through strategic funding initiatives. It seeks grant applications that address key areas such as economic transformation, educational excellence, health and wellness, community capacity, and civic leadership. By prioritizing innovative projects and supporting local organizations, the Foundation aims to foster sustainable growth and community engagement, ensuring a vibrant future for the region.

Foundation Background
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.
Purpose
The Foundation seeks applications in key focus areas with the goal of building upon the region’s wonderful assets to provide dynamic opportunities for all its residents. Proposals should contribute to the Foundation’s strategic areas of focus for grant, including the VISION 2025 Initiative.
Strategic Funding Areas of Interest
The Foundation’s priority is to support proposals from organizations that contribute to the following outcomes:

• Economic Transformation – Harness our region’s strengths to develop a vibrant, diverse and higher-wage economy that can compete in the global marketplace.

Educational Excellence – Seeks to invest with institutions, such as our local public schools and community college to move our school systems forward from “Good to Great.”Health and Wellness – Help the residents of the Alleghany Highlands lead healthier lives and access the comprehensive health care they need.
Community Capacity – Grow local institutions and organizations with the vision, will, wisdom, and skills to work together to build a more prosperous, equitable, just and sustainable community.
Leadership and Civic Vitality – Develop broad-based inclusive leadership that can sustain a forward-looking agenda for the community.
VISION 2025 Initiative – A multi-pronged community-led effort for economic revitalization of the Alleghany Highlands of Virginia that is supported in partnerships with The Alleghany Highlands Chamber of Commerce & Tourism, The Alleghany Highlands Economic Development Corporation, and Dabney S. Lancaster Community College, and made up of the following working groups:Real Estate, Utility Development and Marketing to Expand Industry Base
Community Landscaping and Destination Gardens
Alleghany Highlands Industrial Heritage and Technology Discovery Center

Eligibility

Grants are awarded to tax-exempt organizations (IRS Section 501(c)(3)) and qualifying political subdivisions. Whereas The Alleghany Foundation places a priority on project-support, there are times when general operating support is deemed critical to sustain non-profits in the region.  Thus, general operating support is considered for entities closely aligned with the Foundation’s strategic priorities on a case-by-case basis. The Foundation seeks to be a catalyst for projects but not to supplant other public or private funding sources.

Ineligibility

Private foundations (IRS Section 509(a)) are not eligible.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 operating expenses or existing deficits. Grants are not made to individuals or religious organizations.