Alleghany Foundation
Covington, VA · EIN 54-1027400. Reported 151 grants totalling $8,359,070 to 33 organizations across tax years 2021-2024. This foundation did not tell the IRS it funds only preselected organizations.
Does this foundation accept applications?
Yes -- on its own tax return. Form 990-PF asks every private foundation whether it makes grants only to organizations it selects itself. Of the 91,758 foundations in our data that made a grant and answered, 78% said yes -- and applying to those is wasted effort. Alleghany Foundation did not check that box on its most recent filing, which puts it in the minority that is at least open to being approached.
How big are its grants?
The median grant is $25,172. Half of everything it gave fell between $9,119 and $60,727; the smallest was $11 and the largest $500,000. If you are asking for materially more than the top of that range, you are asking the wrong foundation.
Every organization it funded
This is the complete list from its filings, largest first. Years funded is the number of separate tax years in which the organization received money -- more than one means a real relationship rather than a one-off.
| Organization | Location | Total received | Grants | Years funded | Last |
|---|---|---|---|---|---|
| Alleghany Highlands YMCA | Covington, VA | $1,756,057 | 25 | 4 | 2024 |
| City of Covington | Covington, VA | $1,353,131 | 7 | 4 | 2024 |
| The Masonic Theatre Preservation Foundation | Clifton Forge, VA | $937,641 | 15 | 4 | 2024 |
| Alleghany Highlands Chamber of Commerce and Tourism | Covington, VA | $902,349 | 15 | 4 | 2024 |
| Alleghany Highlands Arts Council | Covington, VA | $360,390 | 8 | 4 | 2024 |
| Alleghany Highlands Community Services Board Foundation | Covington, VA | $296,335 | 5 | 4 | 2024 |
| Covington City Public Schools | Low Moor, VA | $293,882 | 3 | 3 | 2024 |
| Alleghany County (on Behalf of Alleghany County United Fire and Rescue Asso | Covington, VA | $276,749 | 1 | 1 | 2023 |
| Industrial Development Authority of Covington-Alleghany County Virginia | Covington, VA | $271,500 | 1 | 1 | 2021 |
| Alleghany Historical Society | Covington, VA | $270,092 | 8 | 4 | 2024 |
| Alleghany County | Covington, VA | $204,119 | 1 | 1 | 2024 |
| Alleghany Highlands Chamber of Commerce & Tourism | Covington, VA | $201,700 | 2 | 1 | 2024 |
| Alleghany Highlands Arts & Crafts Center | Clifton Forge, VA | $180,371 | 9 | 4 | 2024 |
| Town of Clifton Forge | Clifton Forge, VA | $156,220 | 4 | 4 | 2024 |
| Special Olympics - Area 18 | Eagle Rock, VA | $134,246 | 2 | 2 | 2023 |
| The Advancement Foundation | Clifton Forge, VA | $118,375 | 5 | 4 | 2024 |
| Alleghany County Public Schools | Low Moor, VA | $100,000 | 2 | 2 | 2022 |
| The Clifton Forge Company | Clifton Forge, VA | $87,561 | 4 | 3 | 2024 |
| Garth Newel Music Center | Warm Springs, VA | $62,567 | 9 | 4 | 2024 |
| Rockbridge Area Hospice | Lexington, VA | $56,086 | 2 | 1 | 2024 |
| Cora Incorporated | Clifton Forge, VA | $53,570 | 2 | 2 | 2024 |
| Blue Ridge Legal Services | Harrisonburg, VA | $53,348 | 6 | 4 | 2024 |
| Alleghany Highlands Trail Club | Clifton Forge, VA | $53,130 | 3 | 2 | 2024 |
| Compass for Life | Covington, VA | $51,623 | 1 | 1 | 2024 |
| Rector & Visitors of the University of Virginia | Charlottesville, VA | $30,000 | 3 | 3 | 2024 |
| Recover Virginia | Covington, VA | $24,681 | 1 | 1 | 2024 |
| Clifton Forge Main Street | Clifton Forge, VA | $20,000 | 1 | 1 | 2023 |
| Safehome Systems Inc | Covington, VA | $17,480 | 1 | 1 | 2023 |
| Alleghany Highlands Public Schools | Low Moor, VA | $13,033 | 1 | 1 | 2023 |
| Alleghany Highlands Chamber of Commerice & Tourism | Covington, VA | $10,250 | 1 | 1 | 2024 |
| Bath County Community Hospital | Hot Springs, VA | $9,055 | 1 | 1 | 2021 |
| Jackson River Enterprises | Covington, VA | $3,300 | 1 | 1 | 2021 |
| Alleghany Highlands Economic Development Corporation | Covington, VA | $229 | 1 | 1 | 2021 |
19 of 33 (58%) received money in more than one year over the 4 years we hold.
Measured the way we measure every foundation -- what share of one year's grantees are funded again the next -- this one retains 77%, across 3 year-to-year transitions. The median foundation retains about 67%, so this one is unusually consistent. A high number means its list is close to settled and a newcomer has to displace someone; a low one means it is still moving money around, which is where an opening is.
What the money was for
Taken verbatim from the purpose field of its filings. This is the closest thing to a statement of what this foundation cares about, in its own words.
- City of Covington
CASEY FIELD/BOODIE ALBERT STADIUM PHASE III CONSTRUCTION - Alleghany County (on Behalf of Alleghany County United Fire and Rescue Asso
ALLEGHANY COUNTY PUBLIC SAFETY SELF CONTAINED BREATHING APPARATUS PROGRAM - Industrial Development Authority of Covington-Alleghany County Virginia
DOWNTOWN REVITALIZATION PROPERTY DEVELOPMENT - 410 WEST MAIN STREET - Alleghany Highlands Community Services Board Foundation
MOODY BUILDING ROOF REPLACEMENT PROJECT - Alleghany County
JACKSON RIVER SCENIC TRAIL PHASE 5 - Alleghany Highlands YMCA
CENTRAL LEARNING CENTER RELOCATION AND RENOVATIONS
What kind of organizations it funds
By the recipient's own IRS classification, for the 86 grants where we could identify the organization. These are assigned categories, not our guesses.
Giving by year
| Tax year | Grants | Total | Median grant |
|---|---|---|---|
| 2021 | 34 | $1,794,771 | $33,075 |
| 2022 | 35 | $1,542,856 | $17,840 |
| 2023 | 40 | $2,778,025 | $33,767 |
| 2024 | 42 | $2,243,418 | $22,378 |
Tax years, not calendar years, and the most recent year is usually incomplete -- filings arrive about a year late, so a low final year means late paperwork rather than a foundation winding down.
Already committed for future years
Form 990-PF has a separate schedule for grants approved but not yet paid. Alleghany Foundation has 58 of them, worth $6,274,767. This is the one part of the filing that looks forward rather than back -- and it also tells you how much of the next year's budget is already spoken for.
| Organization | Location | Approved |
|---|---|---|
| City of Covington | Covington, VA | $1,000,000 |
| Alleghany Highlands Chamber of Commerce & Tourism | Covington, VA | $476,674 |
| Alleghany Highlands Chamber of Commerce and Tourism | Covington, VA | $402,322 |
| Covington City Public Schools | Covington, VA | $313,543 |
| Alleghany Highlands Economic Development Corporation | Covington, VA | $300,000 |
| The Masonic Theatre Preservation Foundation | Clifton Forge, VA | $297,724 |
| The Masonic Theatre Preservation Foundation | Clifton Forge, VA | $250,000 |
| Alleghany Highlands Community Services Board Foundation | Covington, VA | $234,165 |
| Alleghany Highlands Chamber of Commerce and Tourism | Covington, VA | $207,604 |
| Alleghany Historical Society | Covington, VA | $207,526 |
| The Advancement Foundation | Buena Vista, VA | $196,476 |
| City of Covington | Covington, VA | $178,817 |
| Alleghany Highlands YMCA | Covington, VA | $156,194 |
| Alleghany Highlands YMCA | Covington, VA | $138,240 |
| City of Covington | Covington, VA | $134,314 |
Where its money goes
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Funders that support the same organizations
These funders gave to organizations this one also funded -- some private foundations, some community foundations and other grantmaking charities. Shared grantees are the strongest available signal that two funders have overlapping priorities, and a funder already backing your peers is a far warmer prospect than one that merely lists your cause.
How to approach this foundation
- Check you are its size. The median grant is $25,172. Asking for ten times that is the most common way small organizations waste a submission.
- Check you are in its geography. Its giving is concentrated in Virginia.
- Read the recipient list above for organizations like yours. If nothing on it resembles your work, that is a real answer, and a cheap one to get.
- Look up the current filing before writing. The 990-PF names the foundation's officers and, where one exists, its application procedure. We link it below.
Where these numbers come from
Everything above is taken from Alleghany Foundation's own Form 990-PF filings, which the IRS publishes in bulk. We used 4 returns (tax years 2021-2024). Nothing here is scraped, inferred, or estimated.
Address of record on the latest return: Post Office Box 1176, Covington, VA, 24426. This is the address the foundation gave the IRS; many small foundations file through an accountant or a bank trust department, so it may not be where post to a programme officer should go.
EIN 54-1027400 · See the original filings on ProPublica · How we build this
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