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Filing year 2023

ALLEGHANY FOUNDATION

Covington, Virginia·EIN 54-1027400·NTEE T30I · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)
Total revenue
$2.1M
Total assets
$64.5M
Total expenses
$4.6M
Reported officers
24

Executive compensation

Form 990-PF · Part VIII · 1 reported individual · Filing year 2023

Percentile bands compare each position's total pay with the same role at Philanthropy, Voluntarism & Grantmaking organizations in Virginia.

Executive Director
75th to 90th percentile
$196k
$214k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 23 unpaid individuals.

Browse compensation in Philanthropy, Voluntarism & Grantmaking

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at ALLEGHANY FOUNDATION equaled 4% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

This organization (2023)
4%
Sector median
15%
Middle half of sector
5% to 24%

Based on 35,946 philanthropy, voluntarism & grantmaking organizations, each measured at its most recent filing year with reported expenses and compensation.

Grants paid

Itemized grants reported on this foundation's 2023 Form 990-PF, Part XV.

Total granted

$2.8M

Itemized grants

40

Median grant

$34k

RecipientLocationPurposeAmount
CITY OF COVINGTONCOVINGTON, VACASEY FIELD/BOODIE ALBERT STADIUM PHASE III CONSTRUCTION$500k
ALLEGHANY COUNTY (ON BEHALF OF ALLEGHANY COUNTY UNITED FIRE AND RESCUE ASSOCOVINGTON, VAALLEGHANY COUNTY PUBLIC SAFETY SELF CONTAINED BREATHING APPARATUS PROGRAM$277k
ALLEGHANY HIGHLANDS YMCACOVINGTON, VACENTRAL LEARNING CENTER RELOCATION AND RENOVATIONS$198k
CITY OF COVINGTONCOVINGTON, VAPHASE II ARCHITECTURAL DESIGN$179k
ALLEGHANY HIGHLANDS CHAMBER OF COMMERCE AND TOURISMCOVINGTON, VAOPERATIONAL FUNDS & PROGRAM SUPPORT 2021-2024$169k
THE MASONIC THEATRE PRESERVATION FOUNDATIONCLIFTON FORGE, VAGENERAL OPERATING SUPPORT AND BUILDING MAINTENANCE$158k
TOWN OF CLIFTON FORGECLIFTON FORGE, VACLIFTON FORGE EASTERN GATEWAY RENEWAL$136k
SPECIAL OLYMPICS AREA 18EAGLE ROCK, VANEW BUS$127k
ALLEGHANY HIGHLANDS YMCACOVINGTON, VAEARLY LEARNING FINANCIAL ASSISTANCE 2022-23$110k
COVINGTON CITY PUBLIC SCHOOLSLOW MOOR, VAJOINT SCHOOL COMMUNICATIONS SPECIALIST$100k
ALLEGHANY HIGHLANDS CHAMBER OF COMMERCE AND TOURISMCOVINGTON, VATOURISM MARKETING OF THE ALLEGHANY HIGHLANDS 2023-2025$92k
ALLEGHANY HIGHLANDS ARTS COUNCILCOVINGTON, VAORGANIZATIONAL & PROGRAMMING SUPPORT FOR 2022-23$83k
ALLEGHANY HIGHLANDS YMCACOVINGTON, VAPOOL DEHUMIDIFICATION & BUILDING AUTOMATION SYSTEM$81k
ALLEGHANY HIGHLANDS YMCACOVINGTON, VAYMCA LEARNING CENTERS TRANSPORTATION$53k
ALLEGHANY HISTORICAL SOCIETYCOVINGTON, VAALLEGHANY HIGHLANDS INDUSTRIAL HERITAGE AND TECHNOLOGY DISCOVERY CENTER RENOVATION COMPLETION$50k
ALLEGHANY HIGHLANDS YMCACOVINGTON, VAANNUAL CAMPAIGN MATCH 2023$50k
THE ADVANCEMENT FOUNDATIONBUENA VISTA, VAPRODUCT DISCOVERY, DEVELOPMENT & SCALE INITIATIVE$46k
THE MASONIC THEATRE PRESERVATION FOUNDATIONCLIFTON FORGE, VASTRATEGIC ACTIVITIES$45k
ALLEGHANY HIGHLANDS ARTS & CRAFTS CENTERCLIFTON FORGE, VAPROMOTING VISUAL ARTS MATCHING FUNDS$42k
ALLEGHANY HIGHLANDS ARTS COUNCILCOVINGTON, VAPERFORMING ARTS & COMMUNITY ENRICHMENT 2023-2024$42k
ALLEGHANY HIGHLANDS YMCACOVINGTON, VA2022 ANNUAL CAMPAIGN MATCH & FITNESS PILOT$26k
ALLEGHANY HIGHLANDS COMMUNITY SERVICES BOARD FOUNDATIONCOVINGTON, VAADULT DRUG TREATMENT PROGRAM$25k
CITY OF COVINGTONCOVINGTON, VAREVITALIZATION PROPERTY MAINTENANCE FUNDS$20k
CLIFTON FORGE MAIN STREETCLIFTON FORGE, VA"LIGHT THE CREEK" SENSORY TRAIL WINTER LIGHTING$20k
BLUE RIDGE LEGAL SERVICESHARRISONBURG, VAIMPROVING ACCESS TO CIVIL LEGAL ASSISTANCE FOR LOW-INCOME RESIDENTS OF THE ALLEGHANY HIGHLANDS$18k
Compare this foundation's grantees

Funded by

Private foundations whose Form 990-PF Part XV grants matched this organization.

Up 7%
from 2022

From $184k in 2022 to $196k in 2023.

$184k
2022
$196k
2023
In today's dollarsEst.
Up 2% in real terms$210k to $214k

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay rose 7% from 2022 to 2023, while revenue fell 56%.

$184k in 2022 to $196k in 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

This is a private foundation. Peers are foundations of similar asset size ($50M - $150M), because foundation pay scales with assets under management, not revenue.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about ALLEGHANY FOUNDATION

What does the Chief Executive Officer of ALLEGHANY FOUNDATION earn?

In 2023, the Chief Executive Officer of ALLEGHANY FOUNDATION received $196,224 in total compensation. This pay is in the top quarter for Chief Executive Officer roles among Philanthropy, Voluntarism & Grantmaking organizations in Virginia, though not the top 10% of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at ALLEGHANY FOUNDATION compare with similar nonprofits?

Compared with the same role at Philanthropy, Voluntarism & Grantmaking organizations in Virginia, the 2023 pay of the Chief Executive Officer at ALLEGHANY FOUNDATION falls between the 75th and 90th percentiles. In 2023, the highest total compensation at ALLEGHANY FOUNDATION equaled 4% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

What are ALLEGHANY FOUNDATION's revenue and expenses?

In 2023, ALLEGHANY FOUNDATION reported $2.1M in total revenue and $4.6M in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($50M - $150M), because foundation pay scales with assets under management, not revenue.