Form990-PF
Click to see attachment

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
ALLEGHANY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)POST OFFICE BOX 1176
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
COVINGTON, VA24426
A Employer identification number

54-1027400
B Telephone number (see instructions)

(540) 962-0970
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$67,245,609J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 920,560 920,560  
5a Gross rents............ 15,918 15,918  
b Net rental income or (loss) 11,502
6a Net gain or (loss) from sale of assets not on line 10 361,576
b Gross sales price for all assets on line 6a 6,842,456
7 Capital gain net income (from Part IV, line 2)... 361,576
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 444,494 556,987  
12 Total. Add lines 1 through 11........ 1,742,548 1,855,041  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 167,000 16,700   150,300
14 Other employee salaries and wages...... 105,398 18,686   86,712
15 Pension plans, employee benefits....... 66,552 8,716   57,836
16a Legal fees (attach schedule)......... Click to see attachment 17,260 3,452   13,808
b Accounting fees (attach schedule)....... Click to see attachment 41,489 23,599   17,890
c Other professional fees (attach schedule).... Click to see attachment 425,632 376,454   49,178
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 144,429 37,754   25
19 Depreciation (attach schedule) and depletion... 45,067 4,416  
20 Occupancy.............. 28,539 0   28,539
21 Travel, conferences, and meetings....... 29,075 2,908   26,167
22 Printing and publications.......... 9,050 0   9,050
23 Other expenses (attach schedule)....... Click to see attachment 16,783 0   16,783
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,096,274 492,685   456,288
25 Contributions, gifts, grants paid....... 1,125,452 1,154,172
26 Total expenses and disbursements. Add lines 24 and 25 2,221,726 492,685   1,610,460
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -479,178
b Net investment income (if negative, enter -0-) 1,362,356
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 311,163 433,873 433,873
2 Savings and temporary cash investments......... 250,876 250,879 250,879
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 49,822,293 Click to see attachment51,001,667 63,026,460
14 Land, buildings, and equipment: basis bullet1,435,392
Less: accumulated depreciation (attach schedule) bullet304,104 1,105,694 Click to see attachment1,131,288 1,131,288
15 Other assets (describe bullet) Click to see attachment2,177,037 Click to see attachment2,403,109 Click to see attachment2,403,109
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 53,667,063 55,220,816 67,245,609
Liabilities 17 Accounts payable and accrued expenses.......... 26,250 50,500
18 Grants payable................. 1,498,036 1,469,316
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment123,607 Click to see attachment167,145
23 Total liabilities (add lines 17 through 22)......... 1,647,893 1,686,961
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 52,019,170 53,533,855
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 52,019,170 53,533,855
30 Total liabilities and net assets/fund balances (see instructions). 53,667,063 55,220,816
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
52,019,170
2
Enter amount from Part I, line 27a .....................
2
-479,178
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
1,993,863
4
Add lines 1, 2, and 3 ..........................
4
53,533,855
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
53,533,855
Form 990-PF (2020)
Form 990-PF (2020)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a FROM K-1: COMMONFUND CAPITAL - STCG P   2020-12-31
b FROM K-1: COMMONFUND CAPITAL - LTCG P   2020-12-31
c FROM K-1: COMMONFUND CAPITAL - 1231 GAIN P   2020-12-31
d FROM K-1: TRG FORESTRY FUND 8B - 1231 LOSS P   2020-12-31
e FROM K-1: PRIVATE ADVISORS SCBF III - STCL P   2020-12-31
FROM K-1: PRIVATE ADVISORS SCBF III - LTCG P   2020-12-31
FROM K-1: PRIVATE ADVISORS SCBF III - 1231 GAIN P   2020-12-31
FROM K-1: MIT PRIVATE EQUITY FUND II - STCG P   2020-12-31
FROM K-1: MIT PRIVATE EQUITY FUND II - LTCG P   2020-12-31
FROM K-1: MIT PRIVATE EQUITY FUND II - 1231 LOSS P   2020-12-31
FROM K-1: MA INVESTORS FUND 1 - LTCG P   2020-12-31
FROM K-1: MA RESOURCES FUND 1 - LTCL P   2020-12-31
FROM K-1: TIFF SECONDARY PARTNERS II - STCL P   2020-12-31
FROM K-1: TIFF SECONDARY PARTNERS II - LTCG P   2020-12-31
FROM K-1: COLCHESTER GLOBAL BOND FUND - STCG P   2020-12-31
FROM K-1: COLCHESTER GLOBAL BOND FUND - LTCG P   2020-12-31
FROM K-1: MA ENDOWMENT PARTNERS, LP - STCG P   2020-12-31
FROM K-1: MA ENDOWMENT PARTNERS, LP - LTCL P   2020-12-31
FROM K-1: MA ENDOWMENT PARTNERS, LP - 1231 LOSS P   2020-12-31
FROM K-1: DRUM SPECIAL SITUATION PARTNERS IV-C, LP - LTCG P   2020-12-31
FROM K-1: DRUM SPECIAL SITUATION PARTNERS IV-C, LP - 1231 GAIN P   2020-12-31
412,502 SH ENERGY FUND ADMIRAL P   2020-12-31
11,461.416 SH ENERGY FUND ADMIRAL P   2020-12-31
9208.103 SH SHORT-TERM BOND INDEX ADM P   2020-12-31
82,144.189 SH GLOBAL EQUITY FUND P   2020-12-31
26,455.026 SH TOTAL BOND MARKET INDEX ADM P   2020-12-31
34,453.057 SH TOTAL BOND MARKET INDEX ADM P   2020-12-31
5.3473 SH P2 CAPITAL FUND, LTD. CLASS B SP 1 P   2020-12-31
STAR MOUNTAIN DIVERSIFIED SMALL BUSINESS ACCESS FUND II P   2020-12-31
STAR MOUNTAIN DIVERSIFIED CREDIT INCOME FUND III P   2020-12-31
CAPITAL GAINS DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 390     390
b 27,604     27,604
c 244     244
d     58,898 -58,898
e     1,285 -1,285
35,113     35,113
17,188     17,188
12     12
1,118     1,118
    11 -11
2     2
    461 -461
    128 -128
64,897     64,897
3,162     3,162
19,627     19,627
1,800,677     1,800,677
    2,193,977 -2,193,977
    9 -9
223,911     223,911
540     540
25,192   38,147 -12,955
695,032   1,059,926 -364,894
100,000   97,159 2,841
2,950,000   2,358,490 591,510
300,000   289,648 10,352
400,000   377,356 22,644
3,354   5,347 -1,993
12,762     12,762
    38 -38
161,631     161,631
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       390
b       27,604
c       244
d       -58,898
e       -1,285
      35,113
      17,188
      12
      1,118
      -11
      2
      -461
      -128
      64,897
      3,162
      19,627
      1,800,677
      -2,193,977
      -9
      223,911
      540
      -12,955
      -364,894
      2,841
      591,510
      10,352
      22,644
      -1,993
      12,762
      -38
      161,631
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 361,576
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 18,937
c All other domestic foundations enter 1.39% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 18,937
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 18,937
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 79,745
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 79,745
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 60,808
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet60,808 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletVA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.ALLEGHANYFOUNDATION.ORG
    14
    The books are in care ofbulletMARY FANT DONNAN Telephone no.bullet (540) 962-0970

    Located atbulletPO BOX 1176COVINGTONVA ZIP+4bullet24426
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    MARY FANT DONNAN EXECUTIVE DIRECTOR
    40.00     		167,000 36,555 611
    206 GILPIN AVENUE
    COVINGTON,VA24426
    R MEADE SNYDER BOARD PRESIDENT
    3.00     		0 0 0
    PO BOX 6
    WARM SPRINGS,VA24484
    SUSAN W ROLLINSON PHD SECRETARY/ TREASURER / DIR
    1.00     		0 0 0
    900 MORRIS HOLLOW ROAD
    CLIFTON FORGE,VA24422
    DENISE J PILLOW DIRECTOR
    1.00     		0 0 0
    6507 JACKSON RIVER ROAD
    COVINGTON,VA24426
    MARTHA M ATHERHOLT DIRECTOR
    1.00     		0 0 0
    1123 LOCUST BOTTOM ROAD
    EAGLE ROCK,VA24085
    JANIE D BARNETTE DIRECTOR
    1.00     		0 0 0
    721 INGALLS STREET
    CLIFTON FORGE,VA24422
    DR DAVID E CRANDALL DIRECTOR
    1.00     		0 0 0
    901 MCCORMICK BLVD
    CLIFTON FORGE,VA24422
    KELLY DEAN MADSEN DIRECTOR
    1.00     		0 0 0
    500 COMMERICAL AVENUE
    CLIFTON FORGE,VA24422
    MARIE W FITZPATRICK DIRECTOR
    1.00     		0 0 0
    444 E HUGH SREET
    COVINGTON,VA24426
    DR LEO T MULCAHY DIRECTOR
    1.00     		0 0 0
    400 PINEY RIDGE ROAD
    COVINGTON,VA24426
    LISA H SCHOPPMEYER DIRECTOR
    1.00     		0 0 0
    105 PIONEER ROAD
    COVINGON,VA24426
    LYNDA THOMPSON DIRECTOR EMERITUS
    1.00     		0 0 0
    309 CLEARWATER DRIVE
    COVINGTON,VA24426
    DR MICHELE BALLOU DIRECTOR EMERITUS
    1.00     		0 0 0
    521 THORTON AVENUE
    CLIFTON FORGE,VA24422
    JAMES R ELLER DIRECTOR EMERITUS
    1.00     		0 0 0
    1201 CRESTWOOD AVENUE
    CLIFTON FORGE,VA24422
    JACK A HAMMOND DIRECTOR EMERITUS
    1.00     		0 0 0
    PO BOX 306
    IRON GATE,VA24481
    HARRISON L FRIDLEY DIRECTOR EMERITUS
    1.00     		0 0 0
    11 SIXTY WEST DRIVE
    LEXINGTON,VA24450
    CHARLES W KAHLE DIRECTOR EMERITIS
    1.00     		0 0 0
    1235 CRESTWOOD DRIVE
    CLIFTON FORGE,VA24422
    GEORGE J KOSTEL DIRECTOR EMERITUS
    1.00     		0 0 0
    3113 LONGDALE FURNACE ROAD
    CLIFTON FORGE,VA24422
    GEORGE C SNEAD JR DIRECTOR EMERITUS
    1.00     		0 0 0
    953 INGALLS STREET
    CLIFTON FORGE,VA24422
    JAMES D SNYDER DIRECTOR EMERITUS
    1.00     		0 0 0
    PO DRAWER 635
    CLIFTON FORGE,VA24422
    ANNE L WRIGHT DIRECTOR EMERITIS
    1.00     		0 0 0
    1414 COVE CREEK ROAD
    COVINGTON,VA24426
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    MANGHAM ASSOCIATES INVESTMENT ADVISORY SERVICES 102,000
    630 PETER JEFFERSON PARKWAY SUITE
    250
    CHARLOTTESVILLE,VA22911
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 N/A - THE FOUNDATION DOES NOT ACTIVELY CONDUCT CHARITABLE ACTIVITIES ITSELF, BUT RATHER FUNDS OTHER ORGANIZATIONS THAT DO. 0
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 NONE 0
    2  
    All other program-related investments. See instructions.
    3 Click to see attachment 0
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    56,663,315
    b
    Average of monthly cash balances.......................
    1b
    449,278
    c
    Fair market value of all other assets (see instructions)................
    1c
    2,297,240
    d
    Total (add lines 1a, b, and c).........................
    1d
    59,409,833
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    59,409,833
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    891,147
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    58,518,686
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    2,925,934
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    2,925,934
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    18,937
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    18,937
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    2,906,997
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    1,500,000
    5
    Add lines 3 and 4............................
    5
    4,406,997
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    4,406,997
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    1,610,460
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    6,161
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    1,616,621
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    1,616,621
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7 4,406,997
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016...... 2,147,781
    c From 2017...... 270,045
    d From 2018......  
    e From 2019......  
    fTotal of lines 3a through e........ 2,417,826
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 1,616,621
    a Applied to 2019, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2020 distributable amount..... 1,616,621
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2020. 2,417,826 2,417,826
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		372,550
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019....  
    e Excess from 2020....  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    MARY FANT DONNAN EXECUTIVE DIRECTOR
    POST OFFICE BOX 1176
    COVINGTON,VA24426
    (540) 962-0970
    bThe form in which applications should be submitted and information and materials they should include:
    SEE STATEMENT 16 ELIGIBILITY CRITERIA: THE ALLEGHANY FOUNDATION IS ORGANIZED FOR CHARITABLE PURPOSES, AND GRANTS ARE AWARDED TO ORGANIZATIONS WHICH ARE TAX-EXEMPT UNDER THE IRS SECTION 501(C)(3) AND ARE NOT PRIVATE FOUNDATIONS AS DESCRIBED UNDER SECTION 509(A) AS WELL AS TO QUALIFYING POLITICAL SUBDIVISIONS. PRIORITY IS GIVEN TO ORGANIZATIONS SERVING THE ALLEGHANY COUNTY, COVINGTON, AND CLIFTON FORGE AREAS WITH AN EMPHASIS ON NEW AND DIFFERENT ENDEAVORS TO IMPROVE THE COMMUNITY'S QUALITY OF LIFE. 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. 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 ON A CASE BY CASE BASIS.
    cAny submission deadlines:
    APPLICATIONS ARE ACCEPTED YEAR-ROUND.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    GRANTS ARE GENERALLY AWARDED ONLY TO ORGANIZATIONS WITHIN THE FOUNDATION'S GEOGRAPHIC AREA (ALLEGHANY COUNTY, CLIFTON FORGE & COVINGTON AREAS). GRANTS ARE NOT MADE TO INDIVIDUALS OR RELIGIOUS ORGANIZATIONS.
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    ALLEGHANY HIGHLANDS CHAMBER OF COMMERCE AND TOURISM
    110 MALL ROAD
    COVINGTON,VA24426     		NONE 509(A)(1) PUBLIC CHA MARKETING THE ALLEGHANY HIGHLANDS 2014-2016 1,470
    ALLEGHANY HIGHLANDS CHAMBER OF COMMERCE AND TOURISM
    110 MALL ROAD
    COVINGTON,VA24426     		NONE 509(A)(1) PUBLIC CHA VISION 2025 - GARDENS WORKING GROUP 92
    ALLEGHANY HIGHLANDS ECONOMIC DEVELOPMENT CORPORATION
    1000 DABNEY DRIVE SUITE 510
    CLIFTON FORGE,VA24422     		NONE 509(A)(1) PUBLIC CHA VISION 2025 - WEBSTORE & SMALL BUSINESS WORKING GROUP 240
    ALLEGHANY HIGHLANDS CHAMBER OF COMMERCE AND TOURISM
    110 MALL ROAD
    COVINGTON,VA24426     		NONE 509(A)(1) PUBLIC CHA RECRUITMENT, RETENTION & PROMOTION FOR THE ALLEGHANY HIGHLANDS 1,005
    ALLEGHANY HIGHLANDS CHAMBER OF COMMERCE AND TOURISM
    110 MALL ROAD
    COVINGTON,VA24426     		NONE 509(A)(1) PUBLIC CHA OPERATIONAL FUNDS & PROGRAM SUPPORT 85,159
    ALLEGHANY HISTORICAL SOCIETY
    P O BOX 384 149 S MAPLE AVENUE
    COVINGTON,VA24426     		NONE 509(A)(1) PUBLIC CHA ALLEGHANY HIGHLANDS INDUSTRIAL HERITAGE AND TECHNOLOGY DISCOVERY CENTER 3,175
    ALLEGHANY HIGHLANDS ECONOMIC DEVELOPMENT CORPORATION
    9212 WINTERBERRY AVENUE
    COVINGTON,VA24426     		NONE 509(A)(1) PUBLIC CHA EXECUTIVE DIRECTOR & PROJECT SUPPORT POSITIONS 73,825
    ALLEGHANY COUNTY PUBLIC SCHOOLS
    P O DRAWER 140 100 CENTRAL CIRCLE
    LOW MOOR,VA24457     		NONE 509(A)(1) GOVERNMENT ALLEGHANY HIGH SCHOOL - A NEW TECH NETWORK SCHOOL 81,000
    JACKSON RIVER ENTERPRISES
    825 WEST EDGEMONT DRIVE
    COVINGTON,VA24426     		NONE 509(A)(1) PUBLIC CHA JRE DAY SUPPORT INITIATIVE & EXPANDED COMMUNITY SUPPORT 30,721
    CITY OF COVINGTON
    333 W LOCUST STREET
    COVINGTON,VA24426     		NONE 509(A)(1) GOVERNMENT JACKSON RIVER SPORTS COMPLEX PAPER TRAIL - PHASE 1 45,000
    ALLEGHANY HIGHLANDS ARTS COUNCIL
    111 N LEXINGTON AVENUE P O BOX 261
    COVINGTON,VA24426     		NONE 509(A)(1) PUBLIC CHA MATCHING FUNDS & RESIDENCY ACTIVITIES 2019-20 24,544
    ALLEGHANY HIGHLANDS YMCA
    101 YMCA WAY
    COVINGTON,VA24426     		NONE 509(A)(1) PUBLIC CHA EARLY LEARNING PROGRAM FINANCIAL ASSISTANCE 101,115
    GARTH NEWEL MUSIC CENTER
    PO BOX 240
    WARM SPRINGS,VA24484     		NONE 509(A)(1) PUBLIC CHA ALLEGHENY MOUNTAIN STRING PROJECT 10,100
    ALLEGHANY HIGHLANDS YMCA
    101 YMCA WAY
    COVINGTON,VA24426     		NONE 509(A)(1) PUBLIC CHA STREAMIN3 IMPLEMENTATION 100,765
    ALLEGHANY HIGHLANDS COMMUNITY SERVICES BOARD FOUNDATION
    205 EAST HAWTHRONE
    COVINGTON,VA24426     		NONE 509(A)(1) PUBLIC CHA FRIENDSHIP RESIDENCE RENOVATIONS 12,500
    ALLEGHANY HIGHLANDS ARTS & CRAFTS CENTER
    P O BOX 273 439 E RIDGEWAY STREET
    CLIFTON FORGE,VA24422     		NONE 509(A)(1) PUBLIC CHA FUNDRAISING MATCH 34,153
    THE MASONIC THEATRE PRESERVATION FOUNDATION
    PO BOX 119
    CLIFTON FORGE,VA24422     		NONE 509(A)(1) PUBLIC CHA OPERATING SUPPORT FOR REMAINING TAX CREDIT COMPLIANCE PERIOD & 2022 85,000
    ALLEGHANY HIGHLANDS CHAMBER OF COMMERCE AND TOURISM
    110 MALL ROAD
    COVINGTON,VA24426     		NONE 509(A)(1) PUBLIC CHA TOURISM MARKETING OF THE ALLEGHANY HIGHLANDS 2020-2022 70,702
    ALLEGHANY HIGHLANDS YMCA
    101 YMCA WAY
    COVINGTON,VA24426     		NONE 509(A)(1) PUBLIC CHA 2020 ANNUAL CAMPAIGN MATCH 50,000
    BATH COUNTY COMMUNITY HOSPITAL
    PO DRAWER Z 106 PARK LANE
    HOT SPRINGS,VA24445     		NONE 509(A)(1) PUBLIC CHA BATH COMMUNITY PHYSICIANS GROUP COVINGTON FACILITY EXPANSION - MONROE AVENUE 90,945
    THE ADVANCEMENT FOUNDATION
    1000 DABNEY DRIVE SUITE 510
    CLIFTON FORGE,VA24422     		NONE 509(A)(1) PUBLIC CHA THE ALLEGHANY HIGHLANDS GAUNTLET - 2020 60,000
    ALLEGHANY HIGHLANDS CHAMBER OF COMMERCE AND TOURISM
    110 MALL ROAD
    COVINGTON,VA24426     		NONE 509(A)(1) PUBLIC CHA COVID-19 DISASTER ASSISTANCE FUND 25,000
    THE MASONIC THEATRE PRESERVATION FOUNDATION
    PO BOX 119 510 MAIN STREET
    CLIFTON FORGE,VA24422     		NONE 509(A)(1) PUBLIC CHA MATCHING FUNDS FOR COVID-19 RECOVERY MARKETING 8,000
    ALLEGHANY HIGHLANDS ARTS & CRAFTS CENTER
    PO BOX 273 439 E RIDGEWAY STREET
    CLIFTON FORGE,VA24422     		NONE 509(A)(1) PUBLIC CHA FACILITY RENOVATIONS 2020 16,818
    ALLEGHANY HIGHLANDS ARTS COUNCIL
    PO BOX 261 111 N LEXINGTON AVE
    SUITE A
    COVINGTON,VA24426     		NONE 509(A)(1) PUBLIC CHA 2020 NAVIGATING THE NEW NORMAL 21,800
    ALLEGHANY HIGHLANDS YMCA
    101 YMCA WAY
    COVINGTON,VA24426     		NONE 509(A)(1) PUBLIC CHA 2020-2022 DOLLY PARTON IMAGINATION LIBRARY PROGRAM 7,285
    ALLEGHANY HIGHLANDS YMCA
    101 YMCA WAY
    COVINGTON,VA24426     		NONE 509(A)(1) PUBLIC CHA EARLY LEARNING PROGRAM FINANCIAL ASSISTANCE 36,324
    GARTH NEWEL MUSIC CENTER
    PO BOX 240
    WARM SPRINGS,VA24484     		NONE 509(A)(1) PUBLIC CHA ALLEGHENY MOUNTAIN STRING PROJECT 1,200
    THE CLIFTON FORGE COMPANY
    PO BOX 406 518 CHURCH STREET
    CLIFTON FORGE,VA24422     		NONE 509(A)(1) PUBLIC CHA CLIFTON FORGE SCHOOL OF THE ARTS MILL RENOVATION PROJECT 12,435
    THE MASONIC THEATRE PRESERVATION FOUNDATION
    PO BOX 119 510 MAIN STREET
    CLIFTON FORGE,VA24422     		NONE 509(A)(1) PUBLIC CHA OPERATIONAL/RELIEF FUNDING UNDER COVID-19 RESTRICTIONS 58,362
    ALLEGHANY HIGHLANDS ARTS & CRAFTS CENTER
    PO BOX 273 739 E RDGEWAY STREET
    CLIFTON FORGE,VA24422     		NONE 509(A)(1) PUBLIC CHA FUNDRAISING MATCH 2,937
    ALLEGHANY HIGHLANDS CHAMBER OF COMMERCE AND TOURISM
    110 MALL ROAD
    COVINGTON,VA24426     		NONE 509(A)(1) PUBLIC CHA LIVE HERE WORK/ANYWHERE CAMPAIGN 2,500
    Total .................................bullet 3a 1,154,172
    bApproved for future payment
    ALLEGHANY HIGHLANDS CHAMBER OF COMMERCE AND TOURISM
    110 MALL ROAD
    COVINGTON,VA24426     		NONE 509(A)(1) PUBLIC CHA TOURISM MARKETING OF THE ALLEGHANY HIGHLANDS 2020-2022 154,298
    BATH COUNTY COMMUNITY HOSPITAL
    PO DRAWER Z 106 PARK LANE
    HOT SPRINGS,VA24445     		NONE 509(A)(1) PUBLIC CHA BATH COMMUNITY PHYSICIANS GROUP COVINGTON FACILITY EXPANSION - MONROE AVENUE 9,055
    GIRL SCOUTS OF VIRGINIA SKYLINE
    3663 PETERS CREEK RD NW
    ROANOKE,VA24019     		NONE 509(A)(1) PUBLIC CHA GIRL SCOUTING IN ALLEGHANY COUNTY & CITY OF COVINGTON 3,000
    ALLEGHANY HIGHLANDS ARTS COUNCIL
    PO BOX 261 111 N LEXINGTON AVE
    SUITE A
    COVINGTON,VA24426     		NONE 509(A)(1) PUBLIC CHA 2020 NAVIGATING THE NEW NORMAL 40,600
    ALLEGHANY HIGHLANDS YMCA
    101 YMCA WAY
    COVINGTON,VA24426     		NONE 509(A)(1) PUBLIC CHA 2020-2022 DOLLY PARTON IMAGINATION LIBRARY PROGRAM 31,668
    ALLEGHANY HIGHLANDS YMCA
    101 YMCA WAY
    COVINGTON,VA24426     		NONE 509(A)(1) PUBLIC CHA EARLY LEARNING PROGRAM FINANCIAL ASSISTANCE 108,483
    GARTH NEWEL MUSIC CENTER
    PO BOX 240
    WARM SPRINGS,VA24484     		NONE 509(A)(1) PUBLIC CHA ALLEGHENY MOUNTAIN STRING PROJECT 10,240
    THE CLIFTON FORGE COMPANY
    PO BOX 406 518 CHURCH STREET
    CLIFTON FORGE,VA24422     		NONE 509(A)(1) PUBLIC CHA CLIFTON FORGE SCHOOL OF THE ARTS MILL RENOVATION PROJECT 44,967
    THE MASONIC THEATRE PRESERVATION FOUNDATION
    PO BOX 119 510 MAIN STREET
    CLIFTON FORGE,VA24422     		NONE 509(A)(1) PUBLIC CHA OPERATIONAL/RELIEF FUNDING UNDER COVID-19 RESTRICTIONS 16,638
    ALLEGHANY HIGHLANDS ARTS & CRAFTS CENTER
    PO BOX 273 739 E RDGEWAY STREET
    CLIFTON FORGE,VA24422     		NONE 509(A)(1) PUBLIC CHA FUNDRAISING MATCH 37,063
    ALLEGHANY HIGHLANDS YMCA
    101 YMCA WAY
    COVINGTON,VA24426     		NONE 509(A)(1) PUBLIC CHA 2021 ANNUAL CAMPAIGN MATCH 50,000
    ALLEGHANY HIGHLANDS YMCA
    101 YMCA WAY
    COVINGTON,VA24426     		NONE 509(A)(1) PUBLIC CHA YMCA LEARNING CENTERS TRANSPORTATION 85,000
    ALLEGHANY HIGHLANDS CHAMBER OF COMMERCE AND TOURISM
    110 MALL ROAD
    COVINGTON,VA24426     		NONE 509(A)(1) PUBLIC CHA LIVE HERE WORK/ANYWHERE CAMPAIGN 57,500
    Total .................................bullet 3b 648,512
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    aVIRGINIA COMMUNITY CAPITAL- PRI         4,438
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....     14 920,560  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     16 11,502  
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 361,576  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aLOSS FROM PASSTHROUGHS     		    14 552,549  
    bLOSS FROM PASSTHROUGHS (UBIT) 523000 -112,493      
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. -112,493 1,846,187 4,438
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,738,132
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    1B VA COMMUNITY CAPITAL PARTNERS WITH ORGANIZATIONS AND INDIVIDUALS TO PROVIDE FINANCIAL RESOURCES AND ADVISORY SERVICES FOR PROJECTS DESIGNED TO HAVE A POSITIVE IMPACT IN THEIR COMMUNITY. THEIR MISSION IS TO CREATE JOBS, ENERGIZE PLACES, AND PROMOTE AN ENHANCED QUALITY OF LIFE FOR VIRGINIANS.
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below?
    See instructions.
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2020)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    Form 990PF Part XV Line 3 - Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    ALLEGHANY HIGHLANDS CHAMBER OF COMMERCE AND TOURISM110 MALL ROAD
    COVINGTON,VA24426     		NONE 509(A)(1) PUBLIC CHA MARKETING THE ALLEGHANY HIGHLANDS 2014-2016 1,470
    ALLEGHANY HIGHLANDS CHAMBER OF COMMERCE AND TOURISM110 MALL ROAD
    COVINGTON,VA24426     		NONE 509(A)(1) PUBLIC CHA VISION 2025 - GARDENS WORKING GROUP 92
    ALLEGHANY HIGHLANDS ECONOMIC DEVELOPMENT CORPORATION1000 DABNEY DRIVE SUITE 510
    CLIFTON FORGE,VA24422     		NONE 509(A)(1) PUBLIC CHA VISION 2025 - WEBSTORE & SMALL BUSINESS WORKING GROUP 240
    ALLEGHANY HIGHLANDS CHAMBER OF COMMERCE AND TOURISM110 MALL ROAD
    COVINGTON,VA24426     		NONE 509(A)(1) PUBLIC CHA RECRUITMENT, RETENTION & PROMOTION FOR THE ALLEGHANY HIGHLANDS 1,005
    ALLEGHANY HIGHLANDS CHAMBER OF COMMERCE AND TOURISM110 MALL ROAD
    COVINGTON,VA24426     		NONE 509(A)(1) PUBLIC CHA OPERATIONAL FUNDS & PROGRAM SUPPORT 85,159
    ALLEGHANY HISTORICAL SOCIETYP O BOX 384 149 S MAPLE AVENUE
    COVINGTON,VA24426     		NONE 509(A)(1) PUBLIC CHA ALLEGHANY HIGHLANDS INDUSTRIAL HERITAGE AND TECHNOLOGY DISCOVERY CENTER 3,175
    ALLEGHANY HIGHLANDS ECONOMIC DEVELOPMENT CORPORATION9212 WINTERBERRY AVENUE
    COVINGTON,VA24426     		NONE 509(A)(1) PUBLIC CHA EXECUTIVE DIRECTOR & PROJECT SUPPORT POSITIONS 73,825
    ALLEGHANY COUNTY PUBLIC SCHOOLSP O DRAWER 140 100 CENTRAL CIRCLE
    LOW MOOR,VA24457     		NONE 509(A)(1) GOVERNMENT ALLEGHANY HIGH SCHOOL - A NEW TECH NETWORK SCHOOL 81,000
    JACKSON RIVER ENTERPRISES825 WEST EDGEMONT DRIVE
    COVINGTON,VA24426     		NONE 509(A)(1) PUBLIC CHA JRE DAY SUPPORT INITIATIVE & EXPANDED COMMUNITY SUPPORT 30,721
    CITY OF COVINGTON333 W LOCUST STREET
    COVINGTON,VA24426     		NONE 509(A)(1) GOVERNMENT JACKSON RIVER SPORTS COMPLEX PAPER TRAIL - PHASE 1 45,000
    ALLEGHANY HIGHLANDS ARTS COUNCIL111 N LEXINGTON AVENUE P O BOX 261
    COVINGTON,VA24426     		NONE 509(A)(1) PUBLIC CHA MATCHING FUNDS & RESIDENCY ACTIVITIES 2019-20 24,544
    ALLEGHANY HIGHLANDS YMCA101 YMCA WAY
    COVINGTON,VA24426     		NONE 509(A)(1) PUBLIC CHA EARLY LEARNING PROGRAM FINANCIAL ASSISTANCE 101,115
    GARTH NEWEL MUSIC CENTERPO BOX 240
    WARM SPRINGS,VA24484     		NONE 509(A)(1) PUBLIC CHA ALLEGHENY MOUNTAIN STRING PROJECT 10,100
    ALLEGHANY HIGHLANDS YMCA101 YMCA WAY
    COVINGTON,VA24426     		NONE 509(A)(1) PUBLIC CHA STREAMIN3 IMPLEMENTATION 100,765
    ALLEGHANY HIGHLANDS COMMUNITY SERVICES BOARD FOUNDATION205 EAST HAWTHRONE
    COVINGTON,VA24426     		NONE 509(A)(1) PUBLIC CHA FRIENDSHIP RESIDENCE RENOVATIONS 12,500
    ALLEGHANY HIGHLANDS ARTS & CRAFTS CENTERP O BOX 273 439 E RIDGEWAY STREET
    CLIFTON FORGE,VA24422     		NONE 509(A)(1) PUBLIC CHA FUNDRAISING MATCH 34,153
    THE MASONIC THEATRE PRESERVATION FOUNDATIONPO BOX 119
    CLIFTON FORGE,VA24422     		NONE 509(A)(1) PUBLIC CHA OPERATING SUPPORT FOR REMAINING TAX CREDIT COMPLIANCE PERIOD & 2022 85,000
    ALLEGHANY HIGHLANDS CHAMBER OF COMMERCE AND TOURISM110 MALL ROAD
    COVINGTON,VA24426     		NONE 509(A)(1) PUBLIC CHA TOURISM MARKETING OF THE ALLEGHANY HIGHLANDS 2020-2022 70,702
    ALLEGHANY HIGHLANDS YMCA101 YMCA WAY
    COVINGTON,VA24426     		NONE 509(A)(1) PUBLIC CHA 2020 ANNUAL CAMPAIGN MATCH 50,000
    BATH COUNTY COMMUNITY HOSPITALPO DRAWER Z 106 PARK LANE
    HOT SPRINGS,VA24445     		NONE 509(A)(1) PUBLIC CHA BATH COMMUNITY PHYSICIANS GROUP COVINGTON FACILITY EXPANSION - MONROE AVENUE 90,945
    THE ADVANCEMENT FOUNDATION1000 DABNEY DRIVE SUITE 510
    CLIFTON FORGE,VA24422     		NONE 509(A)(1) PUBLIC CHA THE ALLEGHANY HIGHLANDS GAUNTLET - 2020 60,000
    ALLEGHANY HIGHLANDS CHAMBER OF COMMERCE AND TOURISM110 MALL ROAD
    COVINGTON,VA24426     		NONE 509(A)(1) PUBLIC CHA COVID-19 DISASTER ASSISTANCE FUND 25,000
    THE MASONIC THEATRE PRESERVATION FOUNDATIONPO BOX 119 510 MAIN STREET
    CLIFTON FORGE,VA24422     		NONE 509(A)(1) PUBLIC CHA MATCHING FUNDS FOR COVID-19 RECOVERY MARKETING 8,000
    ALLEGHANY HIGHLANDS ARTS & CRAFTS CENTERPO BOX 273 439 E RIDGEWAY STREET
    CLIFTON FORGE,VA24422     		NONE 509(A)(1) PUBLIC CHA FACILITY RENOVATIONS 2020 16,818
    ALLEGHANY HIGHLANDS ARTS COUNCILPO BOX 261 111 N LEXINGTON AVE
    SUITE A
    COVINGTON,VA24426     		NONE 509(A)(1) PUBLIC CHA 2020 NAVIGATING THE NEW NORMAL 21,800
    ALLEGHANY HIGHLANDS YMCA101 YMCA WAY
    COVINGTON,VA24426     		NONE 509(A)(1) PUBLIC CHA 2020-2022 DOLLY PARTON IMAGINATION LIBRARY PROGRAM 7,285
    ALLEGHANY HIGHLANDS YMCA101 YMCA WAY
    COVINGTON,VA24426     		NONE 509(A)(1) PUBLIC CHA EARLY LEARNING PROGRAM FINANCIAL ASSISTANCE 36,324
    GARTH NEWEL MUSIC CENTERPO BOX 240
    WARM SPRINGS,VA24484     		NONE 509(A)(1) PUBLIC CHA ALLEGHENY MOUNTAIN STRING PROJECT 1,200
    THE CLIFTON FORGE COMPANYPO BOX 406 518 CHURCH STREET
    CLIFTON FORGE,VA24422     		NONE 509(A)(1) PUBLIC CHA CLIFTON FORGE SCHOOL OF THE ARTS MILL RENOVATION PROJECT 12,435
    THE MASONIC THEATRE PRESERVATION FOUNDATIONPO BOX 119 510 MAIN STREET
    CLIFTON FORGE,VA24422     		NONE 509(A)(1) PUBLIC CHA OPERATIONAL/RELIEF FUNDING UNDER COVID-19 RESTRICTIONS 58,362
    ALLEGHANY HIGHLANDS ARTS & CRAFTS CENTERPO BOX 273 739 E RDGEWAY STREET
    CLIFTON FORGE,VA24422     		NONE 509(A)(1) PUBLIC CHA FUNDRAISING MATCH 2,937
    ALLEGHANY HIGHLANDS CHAMBER OF COMMERCE AND TOURISM110 MALL ROAD
    COVINGTON,VA24426     		NONE 509(A)(1) PUBLIC CHA LIVE HERE WORK/ANYWHERE CAMPAIGN 2,500
    Total ...............................bullet 3a 1,154,172
    bApproved for future payment
    ALLEGHANY HIGHLANDS CHAMBER OF COMMERCE AND TOURISM110 MALL ROAD
    COVINGTON,VA24426     		NONE 509(A)(1) PUBLIC CHA TOURISM MARKETING OF THE ALLEGHANY HIGHLANDS 2020-2022 154,298
    BATH COUNTY COMMUNITY HOSPITALPO DRAWER Z 106 PARK LANE
    HOT SPRINGS,VA24445     		NONE 509(A)(1) PUBLIC CHA BATH COMMUNITY PHYSICIANS GROUP COVINGTON FACILITY EXPANSION - MONROE AVENUE 9,055
    GIRL SCOUTS OF VIRGINIA SKYLINE3663 PETERS CREEK RD NW
    ROANOKE,VA24019     		NONE 509(A)(1) PUBLIC CHA GIRL SCOUTING IN ALLEGHANY COUNTY & CITY OF COVINGTON 3,000
    ALLEGHANY HIGHLANDS ARTS COUNCILPO BOX 261 111 N LEXINGTON AVE
    SUITE A
    COVINGTON,VA24426     		NONE 509(A)(1) PUBLIC CHA 2020 NAVIGATING THE NEW NORMAL 40,600
    ALLEGHANY HIGHLANDS YMCA101 YMCA WAY
    COVINGTON,VA24426     		NONE 509(A)(1) PUBLIC CHA 2020-2022 DOLLY PARTON IMAGINATION LIBRARY PROGRAM 31,668
    ALLEGHANY HIGHLANDS YMCA101 YMCA WAY
    COVINGTON,VA24426     		NONE 509(A)(1) PUBLIC CHA EARLY LEARNING PROGRAM FINANCIAL ASSISTANCE 108,483
    GARTH NEWEL MUSIC CENTERPO BOX 240
    WARM SPRINGS,VA24484     		NONE 509(A)(1) PUBLIC CHA ALLEGHENY MOUNTAIN STRING PROJECT 10,240
    THE CLIFTON FORGE COMPANYPO BOX 406 518 CHURCH STREET
    CLIFTON FORGE,VA24422     		NONE 509(A)(1) PUBLIC CHA CLIFTON FORGE SCHOOL OF THE ARTS MILL RENOVATION PROJECT 44,967
    THE MASONIC THEATRE PRESERVATION FOUNDATIONPO BOX 119 510 MAIN STREET
    CLIFTON FORGE,VA24422     		NONE 509(A)(1) PUBLIC CHA OPERATIONAL/RELIEF FUNDING UNDER COVID-19 RESTRICTIONS 16,638
    ALLEGHANY HIGHLANDS ARTS & CRAFTS CENTERPO BOX 273 739 E RDGEWAY STREET
    CLIFTON FORGE,VA24422     		NONE 509(A)(1) PUBLIC CHA FUNDRAISING MATCH 37,063
    ALLEGHANY HIGHLANDS YMCA101 YMCA WAY
    COVINGTON,VA24426     		NONE 509(A)(1) PUBLIC CHA 2021 ANNUAL CAMPAIGN MATCH 50,000
    ALLEGHANY HIGHLANDS YMCA101 YMCA WAY
    COVINGTON,VA24426     		NONE 509(A)(1) PUBLIC CHA YMCA LEARNING CENTERS TRANSPORTATION 85,000
    ALLEGHANY HIGHLANDS CHAMBER OF COMMERCE AND TOURISM110 MALL ROAD
    COVINGTON,VA24426     		NONE 509(A)(1) PUBLIC CHA LIVE HERE WORK/ANYWHERE CAMPAIGN 57,500
    Total ................................bullet 3b 648,512

    TY 2020 AccountingFeesSchedule
    Name:
    ALLEGHANY FOUNDATION
    EIN:
    54-1027400
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 41,489 23,599   17,890

    TY 2020 AllOthProgRltdInvestmentsSch
    Name:
    ALLEGHANY FOUNDATION
    EIN:
    54-1027400
    Category Amount
    NONE 0

    TY 2020 GeneralExplanationAttachment
    Name:
    ALLEGHANY FOUNDATION
    EIN:
    54-1027400
    Identifier Return Reference Explanation
    RECONCILIATION OF GRANTS PAID TO EXPENSE FORM 990-PF, PART I, LINE 25 TOTAL GRANTS PAID (NET), CASH BASIS 1,154,172LESS: GRANTS PAID IN CURRENT YEAR, ACCRUED IN PY -689,864ADD: GRANTS AUTHORIZED IN CURRENT YEAR, BUT UNPAID 648,512LESS: CURRENT NET MODIFICATIONS TO PY ACCRUED GRANTS 12,632 -----------GRANT EXPENSE, ACCRUAL BASIS 1,125,452

    TY 2020 InvestmentsOtherSchedule2
    Name:
    ALLEGHANY FOUNDATION
    EIN:
    54-1027400
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    LTD PARTNERSHIP INTEREST - COLCHESTER GLOBAL BOND AT COST 1,267,941 970,578
    LTD PARTNERSHIP INTEREST - COMMONFUND CNRP AT COST 394,494 323,455
    LTD PARTNERSHIP INTEREST - TRG FORESTRY 8-B AT COST 25,763 17,955
    LTD PARTNERSHIP INTEREST - MA INVESTORS FUND AT COST 1,608,137 951,450
    LTD PARTNERSHIP INTEREST - MA RESOURCES FUND AT COST 655,632 36,457
    LTD PARTNERSHIP INTEREST - MIT PRIVATE EQUITY FUND II LP AT COST 146,003 102,232
    LTD PARTNERSHIP INTEREST - PRIVATE ADVISORS SMALL CO. BUYOUT FUND III AT COST 448,136 306,844
    LTD PARTNERSHIP INTEREST - PROPERTY HOLDINGS IV LLC AT COST 455,005 859,869
    LTD PARTNERSHIP INTEREST - TIFF SECONDARY PARTNERS II LLC AT COST 262,820 90,335
    LTD PARTNERSHIP INTEREST - P2 CAPITAL SERIES A AT COST 143,857 117,825
    LTD PARTNERSHIP INTEREST - MA ENDOWMENT PARTNERS AT COST 29,078,029 38,990,077
    LTD PARTNERSHIP INTEREST - IRONSIDES OFFSHORE DIRECT INVESTMENT FUND IV, LP AT COST 553,588 848,062
    LTD PARTNERSHIP INTEREST - IRONSIDES OFFSHORE DIRECT INVESTMENT FUND V, LP AT COST 721,139 1,334,696
    LTD PARTNERSHIP INTEREST - STAR MOUNTAIN DIVERSIFIED SMALL BUSINESS ACCESS AT COST 409,577 390,897
    LTD PARTNERSHIP INTEREST - DRUM SPECIAL SITUATION PARTNERS IV-C LP AT COST 506,313 1,162,756
    LTD PARTNERSHIP INTEREST - KCB REAL ESTATE VII, LP AT COST 620,000 597,291
    LTD PARTNERSHIP INTEREST - GRYPHON PARTNERS V-A, LP AT COST 825,111 1,027,681
    LTD PARTNERSHIP INTEREST - GRYPHON PARTNERS VI, LP AT COST 206,505 206,505
    LTD PARTNERSHIP INTEREST - ARDEN REAL ESTATE PARTNERS III AT COST 494,120 595,302
    LTD PARTNERSHIP INTEREST - WIND POINT PARTNERS IX-B AT COST 168,498 199,817
    LTD PARTNERSHIP INTEREST - STAR MOUNTAIN DIVERSIFIED CREDIT INCOME FUND III AT COST 368,668 375,211
    LTD PARTNERSHIP INTEREST - PARTNERS GROUP PRIVATE EQUITY FUND II AT COST 1,000,000 1,057,563
    MUTUAL FUND - COHEN AND STEERS GLOBAL INFRA CL I AT COST 900,008 919,679
    MUTUAL FUND - VANGUARD FEDERAL MMF AT COST 104,591 104,591
    MUTUAL FUND - VANGUARD SHORT TERM BOND FUND AT COST 2,272,876 2,341,309
    MUTUAL FUND - VANGUARD GLOBAL EQUITY FUND AT COST 5,404,582 7,019,110
    MUTUAL FUND - VANGUARD TOTAL BOND MARKET FUND AT COST 1,960,274 2,078,913

    TY 2020 LandEtcSchedule2
    Name:
    ALLEGHANY FOUNDATION
    EIN:
    54-1027400
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    BUILDING - 214 W. MAIN ST 200,848 43,936 156,912 156,912
    ASSESSMENT AND ENGINEERING COST 3,700 809 2,891 2,891
    2013 RENOVATIONS AND IMPROVEMEN 500,971 88,714 412,257 412,257
    SITEWORK AT NEW LOCATION 65,427 23,172 42,255 42,255
    CABINETS FOR NEW BUILDING 12,998 1,950 11,048 11,048
    LANDSCAPING 4,196 1,364 2,832 2,832
    LANDSCAPING-PARKING LOT 2,700 821 1,879 1,879
    FINAL WORK FOR NEW BUILDING 14,776 2,524 12,252 12,252
    ELECTRIC OVEN 1,106 654 452 452
    WATER HEATER AND SEWER LINE 7,213 3,847 3,366 3,366
    FACADE AND BUILDING IMPROVEMENT 313,054 24,783 288,271 288,271
    HEATING AND COOLING UNIT 8,600 1,362 7,238 7,238
    RENTAL PROPERTY- FACADE AND BUI 91,331 7,230 84,101 84,101
    REMAINDER ON SUITE 2 DOOR INSTA 9,800 1,388 8,412 8,412
    CONSTRUCTION ON SUITE 2 57,300 1,313 55,987 55,987
    HVAC FOR SUITE 2 7,200 330 6,870 6,870
    LAND 20,000 0 20,000 20,000
    DESK(EXECUTIVE) 1,308 1,308 0  
    DESK(SECRETARY) 1,118 1,118 0  
    RETURN-2 FILE LH(SECRETARY) 696 696 0  
    CHAIR(1OF2 BURGANDY) 572 572 0  
    ARM CHAIR(ROBENS OFFICE) 758 758 0  
    ARM CHAIR(ROBENS OFFICE) 724 724 0  
    DESKTOP CMPTR, PRNTR & L(KIM TH 1,228 1,228 0  
    LAPTOP COMPUTER(INTERN) 583 583 0  
    HP LASERJET PRINTER(INTERN) 202 202 0  
    OFFICE FURNITURE(2 INTERN DESKS 1,953 1,953 0  
    ADT-HARDWARE PORTION ONLY 1,685 1,685 0  
    NEW BOARD TABLE 12,259 5,789 6,470 6,470
    WALL DECORATIONS 1,700 1,700 0  
    NEW PHONE SYSTEM 4,434 4,434 0  
    NEW OFFICE FURNITURE-MELANIE 3,484 3,484 0  
    NEW OFFICE FURNITURE-CATHERINE 5,506 5,506 0  
    NEW OFFICE FURNITURE-MARY 8,539 8,539 0  
    FILE CABINETS 7,996 7,996 0  
    BOARD CHAIRS 9,762 9,762 0  
    TWO LOBBY CHAIRS 1,053 915 138 138
    NOTEBOOK AND DOCKING STATION-BO 1,030 1,030 0  
    NEW COMPUTER AND ACCESSORIES-ME 1,416 1,416 0  
    NEW COMPUTER AND ACCESSORIES-MA 1,462 1,462 0  
    ROPHO COPIER 10,777 10,777 0  
    VARIOUS ITEMS FOR NEW BOARD ROO 22,767 22,767 0  
    NEW COMPUTER AND ACCESSORIES-CA 2,753 1,881 872 872
    DESKTOP BACK OFFICE HP PRODESK 735 159 576 576
    INTERN-HP PROBOOK 450 #1 756 164 592 592
    INTERN-HP PROBOOK 450-2 756 164 592 592
    NEW SERVER 6,160 1,135 5,025 5,025


    TY 2020 LegalFeesSchedule
    Name:
    ALLEGHANY FOUNDATION
    EIN:
    54-1027400
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 17,260 3,452   13,808


    TY 2020 OtherAssetsSchedule
    Name:
    ALLEGHANY FOUNDATION
    EIN:
    54-1027400
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    INTEREST & DIVIDENDS RECEIVABLE 5,671 0 0
    TAX REFUNDS RECEIVABLE 139,221 76,109 76,109
    PROGRAM-RELATED INVESTMENT 1,500,000 0 0
    PROCEEDS RECEIVABLE 500,000 2,055,500 2,055,500
    CONSTRUCTION IN PROGRESS 32,145 0 0
    BUILDING HELD FOR GRANTEE 0 271,500 271,500


    TY 2020 OtherExpensesSchedule
    Name:
    ALLEGHANY FOUNDATION
    EIN:
    54-1027400
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PUBLIC RELATIONS 523 0   523
    OFFICE SUPPLIES 11,580 0   11,580
    INSURANCE 4,680 0   4,680


    TY 2020 OtherIncomeSchedule2
    Name:
    ALLEGHANY FOUNDATION
    EIN:
    54-1027400
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    VIRGINIA COMMUNITY CAPITAL- PRI 4,438 4,438 4,438
    LOSS FROM PASSTHROUGHS 552,549 552,549 552,549
    LOSS FROM PASSTHROUGHS (UBIT) -112,493   -112,493


    TY 2020 OtherIncreasesSchedule
    Name:
    ALLEGHANY FOUNDATION
    EIN:
    54-1027400
    Description Amount
    NET TIMING DIFFERENCES FROM INVESTMENTS IN LIMITED PARTNERSHIPS 1,993,863


    TY 2020 OtherLiabilitiesSchedule
    Name:
    ALLEGHANY FOUNDATION
    EIN:
    54-1027400
    Description Beginning of Year - Book Value End of Year - Book Value
    DEFERRED TAX LIABILITY 123,607 167,145


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    ALLEGHANY FOUNDATION
    EIN:
    54-1027400
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT FEES & EXPENSES 376,454 376,454   0
    CONSULTING FEES 49,178 0   49,178


    TY 2020 TaxesSchedule
    Name:
    ALLEGHANY FOUNDATION
    EIN:
    54-1027400
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL EXCISE & INCOME TAX NET BENEFIT 106,650 0   0
    FOREIGN TAXES 37,754 37,754   0
    LICENSES & TAXES 25 0   25