Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023
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 right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$71,284,425J 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) 41,632
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 1,448,638 1,448,638  
5a Gross rents............ 17,400 17,400  
b Net rental income or (loss) 12,472
6a Net gain or (loss) from sale of assets not on line 10 805,981
b Gross sales price for all assets on line 6a 8,577,751
7 Capital gain net income (from Part IV, line 2)... 805,981
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
List of Attached Documents:
// Content
-212,485 -109,190  
12 Total. Add lines 1 through 11........ 2,101,166 2,162,829  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 195,627 19,563   176,064
14 Other employee salaries and wages...... 101,817 22,562   79,255
15 Pension plans, employee benefits....... 72,197 10,183   62,014
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
7,508 1,502   6,006
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
47,743 27,156   20,587
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
655,595 596,945   58,650
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
83,993 47,342   75
19 Depreciation (attach schedule) and depletion... 38,910 4,565  
20 Occupancy.............. 23,953 0   23,953
21 Travel, conferences, and meetings....... 132,165 13,217   118,948
22 Printing and publications.......... 68,798 0   68,798
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
14,231 363   13,870
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,442,537 743,398   628,220
25 Contributions, gifts, grants paid....... 3,169,548 2,778,025
26 Total expenses and disbursements. Add lines 24 and 25 4,612,085 743,398   3,406,245
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -2,510,919
b Net investment income (if negative, enter -0-) 1,419,431
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
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............. 240,833 354,681 354,681
2 Savings and temporary cash investments......... 250,877 250,877 250,877
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
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) right arrow  
Less: allowance for doubtful accounts right arrow        
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 right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 61,931,211 Click to see attachment
List of Attached Documents:
// Content
62,640,483 		69,471,655
14 Land, buildings, and equipment: basis right arrow1,438,858
Less: accumulated depreciation (attach schedule) right arrow419,845 1,057,923 Click to see attachment
List of Attached Documents:
// Content
1,019,013 		1,019,013
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
10,978 		Click to see attachment
List of Attached Documents:
// Content
188,199 		Click to see attachment
List of Attached Documents:
// Content
188,199
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 63,491,822 64,453,253 71,284,425
Liabilities 17 Accounts payable and accrued expenses..........   27,500
18 Grants payable................. 2,272,757 2,664,280
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 right arrow) Click to see attachment
List of Attached Documents:
// Content
32,391 		Click to see attachment
List of Attached Documents:
// Content
94,953
23 Total liabilities (add lines 17 through 22)......... 2,305,148 2,786,733
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 61,186,674 61,666,520
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
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)..... 61,186,674 61,666,520
30 Total liabilities and net assets/fund balances (see instructions). 63,491,822 64,453,253
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
61,186,674
2
Enter amount from Part I, line 27a .....................
2
-2,510,919
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
2,991,204
4
Add lines 1, 2, and 3 ..........................
4
61,666,959
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
439
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
61,666,520
Form 990-PF (2023)
Form 990-PF (2023)
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: TRG FORESTRY 8-B - LTCL P   2023-12-31
b FROM K-1: COMMONFUND CAPITAL NATURAL RESOURCES PARTNERS VIII - STCG P   2023-12-31
c FROM K-1: COMMONFUND CAPITAL NATURAL RESOURCES PARTNERS VIII - LTCG P   2023-12-31
d FROM K-1: COMMONFUND CAPITAL NATURAL RESOURCES PARTNERS VIII - 1231 GAIN P   2023-12-31
e FROM K-1: SSGA REAL ASSETS FUND - STCL P   2023-12-31
FROM K-1: SSGA REAL ASSETS FUND - LTCG P   2023-12-31
FROM K-1: MIT PRIVATE EQUITY FUND II - LTCL P   2023-12-31
FROM K-1: MA RESOURCES FUND 1 - STCL P   2023-12-31
FROM K-1: MA RESOURCES FUND 1 - LTCG P   2023-12-31
FROM K-1: TIFF SECONDARY PARTNERS II - LTCG P   2023-12-31
FROM K-1: COLCHESTER GLOBAL BOND LOW DURATION FUND - STCG P   2023-12-31
FROM K-1: COLCHESTER GLOBAL BOND LOW DURATION FUND - LTCG P   2023-12-31
FROM K-1: LLR EQUITY PARTNERS VI, LP - STCL P   2023-12-31
FROM K-1: LLR EQUITY PARTNERS VI, LP - 1231 LOSS P   2023-12-31
FROM K-1: MA ENDOWMENT PARTNERS, LP - STCG P   2023-12-31
FROM K-1: MA ENDOWMENT PARTNERS, LP - LTCG P   2023-12-31
FROM K-1: MA ENDOWMENT PARTNERS, LP - 1231 GAIN P   2023-12-31
FROM K-1: PARTNERS GROUP PRIVATE EQUITY II, LLC - STCG P   2023-12-31
FROM K-1: PARTNERS GROUP PRIVATE EQUITY II, LLC - LTCG P   2023-12-31
FROM K-1: PARTNERS GROUP PRIVATE EQUITY II, LLC - 1231 GAIN P   2023-12-31
FROM K-1: DRUM SPECIAL SITUATION PARTNERS IV-C, LP - LTCG P   2023-12-31
FROM K-1: DRUM SPECIAL SITUATION PARTNERS IV-C, LP - 1231 GAIN P   2023-12-31
FROM K-1: GRYPHON PARTNERS V-A, LP - LTCG P   2023-12-31
FROM K-1: WIND POINT PARTNERS, LP - STCG P   2023-12-31
FROM K-1: WIND POINT PARTNERS, LP - LTCG P   2023-12-31
196,277.655 SH GLOBAL EQUITY FUND P   2023-12-31
14,418.941 SH VALUE INDEX FUND ADM P   2023-12-31
24,248.303 SH COHEN AND STEERS GLOBAL INFRA CL I P   2023-12-31
IRONSIDES OFFSHORE DIRECT IV P   2023-12-31
STAR MOUNTAIN DIVERSIFIED CREDIT INCOME FUND III P   2023-12-31
ALPINVEST CO-INVESTMENT PARTNERS VIII P   2023-12-31
(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     20,328 -20,328
b 1,930     1,930
c 5,844     5,844
d 187     187
e     65,344 -65,344
29,573     29,573
    13,707 -13,707
    6 -6
4,237     4,237
18,037     18,037
572     572
249     249
    9 -9
    8 -8
267,536     267,536
665,493     665,493
1,863     1,863
163     163
67,294     67,294
1,052     1,052
173,264     173,264
273     273
    57 -57
10,136     10,136
99,526     99,526
5,928,000   6,353,794 -425,794
800,000   788,694 11,306
499,992   529,823 -29,831
1,209     1,209
117     117
1,204     1,204
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       -20,328
b       1,930
c       5,844
d       187
e       -65,344
      29,573
      -13,707
      -6
      4,237
      18,037
      572
      249
      -9
      -8
      267,536
      665,493
      1,863
      163
      67,294
      1,052
      173,264
      273
      -57
      10,136
      99,526
      -425,794
      11,306
      -29,831
      1,209
      117
      1,204
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 2 805,981
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
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 right arrow 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) 1 19,730
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) 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 19,730
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 19,730
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 204,909
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.............. 7 204,909
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.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 185,179
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow185,179 Refundedright arrow 11 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-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. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 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:
round bullet By language in the governing instrument, or
round bullet 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 XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowVA
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 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
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
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 addressright arrowWWW.ALLEGHANYFOUNDATION.ORG
14
The books are in care ofright arrowMARY FANT DONNAN Telephone no.right arrow (540) 962-0970

Located atright arrowPO BOX 1176COVINGTONVA ZIP+4right arrow24426
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, 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 right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-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? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(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)? ......................
1a(5)
 
No
(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.) ...............
1a(6)
 
No
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
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
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 2023? .............
1d
 
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 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 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.
right arrow20, 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? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 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 2023.) .....................
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 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-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))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
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
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
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? .................
5d
 
 
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? .............................
6a
 
No
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?
7a
 
No
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? .........................
8
 
No
Part VII
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 		195,627 39,778 597
206 GILPIN AVENUE
COVINGTON,VA24426
SUSAN W ROLLINSON PHD BOARD PRESIDENT
1.00 		0 0 0
900 MORRIS HOLLOW ROAD
CLIFTON FORGE,VA24422
KELLY DEAN MADSEN SECRETARY/ TREASURER
1.00 		0 0 0
500 COMMERICAL AVENUE
CLIFTON FORGE,VA24422
JANIE D BARNETTE DIRECTOR
1.00 		0 0 0
721 INGALLS STREET
CLIFTON FORGE,VA24422
BRANDON S CALDWELL DIRECTOR
1.00 		0 0 0
1312 HAMILTON AVE
CLIFTON FORGE,VA24422
DR DAVID E CRANDALL DIRECTOR
1.00 		0 0 0
901 MCCORMICK BLVD
CLIFTON FORGE,VA24422
JAMES R ELLER DIRECTOR
1.00 		0 0 0
1201 CRESTWOOD AVENUE
CLIFTON FORGE,VA24422
JACK A HAMMOND II DIRECTOR
1.00 		0 0 0
102 MAPLE LANE
COVINGTON,VA24426
TERESA B JOHNSON DIRECTOR
1.00 		0 0 0
502 ROSE AVENUE
CLIFTON FORGE,VA24422
RAY LIPES DIRECTOR
1.00 		0 0 0
220 N SMITH BRIDGE ROAD
COVINGTON,VA24426
NANCY MOGA DIRECTOR
1.00 		0 0 0
205 WOODBROOK DRIVE
COVINGTON,VA24426
R MEADE SNYDER DIRECTOR
1.00 		0 0 0
415WOODLAND DRIVE
COVINGTON,VA24426
RACHAEL THOMPSON DIRECTOR
1.00 		0 0 0
510 WHITE OAK LANE
COVINGTON,VA24426
DR MICHELE BALLOU DIRECTOR EMERITUS
0.00 		0 0 0
521 THORTON AVENUE
CLIFTON FORGE,VA24422
HARRISON L FRIDLEY DIRECTOR EMERITUS
0.00 		0 0 0
11 SIXTY WEST DRIVE
LEXINGTON,VA24450
JACK A HAMMOND DIRECTOR EMERITUS
0.00 		0 0 0
PO BOX 306
IRON GATE,VA24481
CHARLES W KAHLE DIRECTOR EMERITIS
0.00 		0 0 0
1235 CRESTWOOD DRIVE
CLIFTON FORGE,VA24422
GEORGE J KOSTEL DIRECTOR EMERITUS
0.00 		0 0 0
3113 LONGDALE FURNACE ROAD
CLIFTON FORGE,VA24422
DR LEO T MULCAHY DIRECTOR EMERITUS
1.00 		0 0 0
400 PINEY RIDGE ROAD
COVINGTON,VA24426
LISA H SCHOPPMEYER DIRECTOR EMERITUS
0.00 		0 0 0
105 PIONEER ROAD
COVINGON,VA24426
GEORGE C SNEAD JR DIRECTOR EMERITUS
0.00 		0 0 0
953 INGALLS STREET
CLIFTON FORGE,VA24422
JAMES D SNYDER DIRECTOR EMERITUS
0.00 		0 0 0
PO DRAWER 635
CLIFTON FORGE,VA24422
LYNDA THOMPSON DIRECTOR EMERITUS
0.00 		0 0 0
587 WHITE OAK LANE
COVINGTON,VA24426
ANNE L WRIGHT DIRECTOR EMERITUS
0.00 		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...................right arrow 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
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
HERITAGE WEALTH ADVISORS LLC INVESTMENT ADVISORY SERVICES 110,000
1434 ROLKIN COURT SUITE 201
CHARLOTTESVILLE,VA22911
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-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 VIII-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
List of Attached Documents:
// Content
0
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2023)
Form 990-PF (2023)
Page 8
Part IX
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
67,072,998
b
Average of monthly cash balances.......................
1b
621,997
c
Fair market value of all other assets (see instructions)................
1c
353,830
d
Total (add lines 1a, b, and c).........................
1d
68,048,825
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
68,048,825
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
1,020,732
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
67,028,093
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
3,351,405
Part X
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 IX, line 6..................
1
3,351,405
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
19,730
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
19,730
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
3,331,675
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
3,331,675
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 XII, line 1 ...
7
3,331,675
Part XI
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
3,406,245
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
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 XII, line 4. .......
4
3,406,245
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7 3,331,675
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 2,428,517
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021......  
e From 2022......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 3,406,245
a Applied to 2022, but not more than line 2a 2,428,517
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 2023 distributable amount..... 977,728
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2023. 0 0
(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 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		2,353,947
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 2018 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022....  
e Excess from 2023....  
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-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 2023, enter the date of the ruling ...... right arrow
 
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 IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
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 IX, 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 XIV
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 right arrow
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 (2023)
Form 990-PF (2023)
Page 11
Part XIV
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 COUNTY (ON BEHALF OF ALLEGHANY COUNTY UNITED FIRE AND RESCUE ASSO

9212 WINTERBERRY AVE
COVINGTON,VA24426 		NONE 509(A)(1) GOVERNMENT ALLEGHANY COUNTY PUBLIC SAFETY SELF CONTAINED BREATHING APPARATUS PROGRAM 276,749

ALLEGHANY HIGHLANDS ARTS & CRAFTS CENTER

PO BOX 273 439 E RIDGEWAY STREET
CLIFTON FORGE,VA24422 		NONE 509(A)(1) PUBLIC CHA MATCHING GENERAL OPERATING SUPPORT 3,130

ALLEGHANY HIGHLANDS ARTS & CRAFTS CENTER

PO BOX 273 439 E RIDGEWAY STREET
CLIFTON FORGE,VA24422 		NONE 509(A)(1) PUBLIC CHA PROMOTING VISUAL ARTS MATCHING FUNDS 42,010

ALLEGHANY HIGHLANDS ARTS & CRAFTS CENTER

PO BOX 273
CLIFTON FORGE,VA24422 		NONE 509(A)(1) PUBLIC CHA 2023 SUMMER INTERN 4,900

ALLEGHANY HIGHLANDS ARTS COUNCIL

PO BOX 261 111 N LEXINGTON AVNEUE
COVINGTON,VA24426 		NONE 509(A)(1) PUBLIC CHA ORGANIZATIONAL & PROGRAMMING SUPPORT FOR 2022-23 82,714

ALLEGHANY HIGHLANDS ARTS COUNCIL

PO BOX 261 111 N LEXINGTON AVENUE
COVINGTON,VA24426 		NONE 509(A)(1) PUBLIC CHA PERFORMING ARTS & COMMUNITY ENRICHMENT 2023-2024 41,725

ALLEGHANY HIGHLANDS CHAMBER OF COMMERCE AND TOURISM

110 MALL ROAD
COVINGTON,VA24426 		NONE 509(A)(1) PUBLIC CHA INCENTIVES FOR RELOCATION CAMPAIGN 48

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 2,185

ALLEGHANY HIGHLANDS CHAMBER OF COMMERCE AND TOURISM

110 MALL ROAD
COVINGTON,VA24426 		NONE 509(A)(1) PUBLIC CHA OPERATIONAL FUNDS & PROGRAM SUPPORT 2021-2024 169,324

ALLEGHANY HIGHLANDS CHAMBER OF COMMERCE AND TOURISM

110 MALL RD
COVINGTON,VA24426 		NONE 509(A)(1) PUBLIC CHA TOURISM MARKETING OF THE ALLEGHANY HIGHLANDS 2023-2025 92,396

ALLEGHANY HIGHLANDS COMMUNITY SERVICES BOARD FOUNDATION

205 E HAWTHORNE STREET
COVINGTON,VA24426 		NONE 509(A)(1) PUBLIC CHA ADULT DRUG TREATMENT PROGRAM 25,172

ALLEGHANY HIGHLANDS PUBLIC SCHOOLS

PO DRAWER 145 100 CENTRAL CIRCLE
LOW MOOR,VA24457 		NONE 509(A)(1) GOVERNMENT HEALTHIER OPTIONS FOR KIDS FOOD SERVICE ENHANCEMENTS 13,033

ALLEGHANY HIGHLANDS TRAIL CLUB

800 MCCORMICK BLVD APT A
CLIFTON FORGE,VA24422 		NONE 509(A)(1) PUBLIC CHA 2023 ALLEGHANY HIGHLANDS TRAIL CLEARING PROJECT 15,296

ALLEGHANY HIGHLANDS YMCA

101 YMCA WAY
COVINGTON,VA24426 		NONE 509(A)(1) PUBLIC CHA 2022 ANNUAL CAMPAIGN MATCH & FITNESS PILOT 25,809

ALLEGHANY HIGHLANDS YMCA

101 YMCA WAY
COVINGTON,VA24426 		NONE 509(A)(1) PUBLIC CHA ANNUAL CAMPAIGN MATCH 2023 50,000

ALLEGHANY HIGHLANDS YMCA

101 YMCA WAY
COVINGTON,VA24426 		NONE 509(A)(1) PUBLIC CHA YMCA LEARNING CENTERS TRANSPORTATION 52,564

ALLEGHANY HIGHLANDS YMCA

101 YMCA WAY
COVINGTON,VA24426 		NONE 509(A)(1) PUBLIC CHA POOL DEHUMIDIFICATION & BUILDING AUTOMATION SYSTEM 81,372

ALLEGHANY HIGHLANDS YMCA

101 YMCA WAY
COVINGTON,VA24426 		NONE 509(A)(1) PUBLIC CHA EARLY LEARNING FINANCIAL ASSISTANCE 2022-23 110,493

ALLEGHANY HIGHLANDS YMCA

101 YMCA WAY
COVINGTON,VA24426 		NONE 509(A)(1) PUBLIC CHA ARCHITECTURAL AND ENGINEERING PLAN 10,600

ALLEGHANY HIGHLANDS YMCA

101 YMCA WAY
COVINGTON,VA24426 		NONE 509(A)(1) PUBLIC CHA CENTRAL LEARNING CENTER RELOCATION AND RENOVATIONS 198,228

ALLEGHANY HISTORICAL SOCIETY

PO BOX 384 149 S MAPLE AVENUE
COVINGTON,VA24426 		NONE 509(A)(1) GOVERNMENT ALLEGHANY HIGHLANDS INDUSTRIAL HERITAGE AND TECHNOLOGY DISCOVERY CENTER RENOVATION COMPLETION 50,088

ALLEGHANY HISTORICAL SOCIETY

PO BOX 384
COVINGTON,VA24426 		NONE 509(A)(1) PUBLIC CHA 2023 SUMMER INTERNS 8,710

BLUE RIDGE LEGAL SERVICES

PO BOX 551 204 N HIGH STREET
HARRISONBURG,VA22803 		NONE 509(A)(1) PUBLIC CHA IMPROVING ACCESS TO CIVIL LEGAL ASSISTANCE FOR LOW-INCOME RESIDENTS OF THE ALLEGHANY HIGHLANDS 18,348

CITY OF COVINGTON

333 W LOCUST STREET
COVINGTON,VA24426 		NONE 509(A)(1) GOVERNMENT REVITALIZATION PROPERTY MAINTENANCE FUNDS 20,000

CITY OF COVINGTON

333 WEST LOCUST STREET
COVINGTON,VA24426 		NONE 509(A)(1) GOVERNMENT PHASE II ARCHITECTURAL DESIGN 178,817

CITY OF COVINGTON

333 WEST LOCUST STREET
COVINGTON,VA24426 		NONE 509(A)(1) GOVERNMENT CASEY FIELD/BOODIE ALBERT STADIUM PHASE III CONSTRUCTION 500,000

CLIFTON FORGE MAIN STREET

547 MAIN STREET PO BOX 631
CLIFTON FORGE,VA24426 		NONE 509(A)(1) PUBLIC CHA "LIGHT THE CREEK" SENSORY TRAIL WINTER LIGHTING 20,000

CORA INCORPORATED

PO BOX 160 510 MAIN STREET
CLIFTON FORGE,VA24422 		NONE 509(A)(1) PUBLIC CHA CORA DANCE ALLEGHANY STAFF CAPACITY BUILDING 5,357

COVINGTON CITY PUBLIC SCHOOLS

PO DRAWER 140 100 CENTRAL CIRCLE
LOW MOOR,VA24457 		NONE 509(A)(1) GOVERNMENT JOINT SCHOOL COMMUNICATIONS SPECIALIST 100,242

GARTH NEWEL MUSIC CENTER

PO BOX 240
WARM SPRINGS,VA24484 		NONE 509(A)(1) PUBLIC CHA ALLEGHENY MOUNTAIN STRING PROJECT 9,119

GARTH NEWEL MUSIC CENTER

PO BOX 240
WARM SPRINGS,VA24484 		NONE 509(A)(1) PUBLIC CHA ALLEGHENY MOUNTAIN STRING PROJECT 9,791

RECTOR & VISITORS OF THE UNIVERSITY OF VIRGINIA

PO BOX 400195
CHARLOTTESVILLE,VA22904 		NONE 509(A)(1) PUBLIC CHA HIGH SCHOOL COLLEGE ADVISERS 15,000

SAFEHOME SYSTEMS INC

PO BOX 748
COVINGTON,VA24426 		NONE 509(A)(1) PUBLIC CHA BUILDING MAINTENANCE IMPROVEMENTS 17,480

SPECIAL OLYMPICS AREA 18

260 SHILOH CHURCH ROAD
EAGLE ROCK,VA24085 		NONE 509(A)(1) PUBLIC CHA NEW BUS 126,582

THE ADVANCEMENT FOUNDATION

245 W 21ST STREET
BUENA VISTA,VA24416 		NONE 509(A)(1) PUBLIC CHA PRODUCT DISCOVERY, DEVELOPMENT & SCALE INITIATIVE 45,703

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 DEVELOPMENT ACTIVITIES 13,606

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 2,436

THE MASONIC THEATRE PRESERVATION FOUNDATION

PO BOX 119
CLIFTON FORGE,VA24422 		NONE 509(A)(1) PUBLIC CHA STRATEGIC ACTIVITIES 45,167

THE MASONIC THEATRE PRESERVATION FOUNDATION

PO BOX 119
CLIFTON FORGE,VA24422 		NONE 509(A)(1) PUBLIC CHA GENERAL OPERATING SUPPORT AND BUILDING MAINTENANCE 158,331

TOWN OF CLIFTON FORGE

PO BOX 631 547 MAIN STREET
CLIFTON FORGE,VA24422 		NONE 509(A)(1) GOVERNMENT CLIFTON FORGE EASTERN GATEWAY RENEWAL 135,500
Total .................................right arrow 3a 2,778,025
bApproved for future payment

ALLEGHANY HIGHLANDS ARTS COUNCIL
PO BOX 261 111 N LEXINGTON AVENUE
COVINGTON,VA24426 		NONE 509(A)(1) PUBLIC CHA PERFORMING ARTS & COMMUNITY ENRICHMENT 2023-2024 88,275

ALLEGHANY HIGHLANDS CHAMBER OF COMMERCE AND TOURISM
110 MALL RD
COVINGTON,VA24426 		NONE 509(A)(1) PUBLIC CHA TOURISM MARKETING OF THE ALLEGHANY HIGHLANDS 2023-2025 207,604

ALLEGHANY HIGHLANDS ECONOMIC DEVELOPMENT CORPORATION
9212 WINTERBERRY AVENUE
COVINGTON,VA24426 		NONE 509(A)(1) PUBLIC CHA HEALTH PROVIDER RECRUITMENT THROUGH LOAN REPAYMENT ASSISTANCE 300,000

ALLEGHANY HIGHLANDS TRAIL CLUB
800 MCCORMICK BLVD APT A
CLIFTON FORGE,VA24422 		NONE 509(A)(1) PUBLIC CHA 2023 ALLEGHANY HIGHLANDS TRAIL CLEARING PROJECT 15,354

ALLEGHANY HIGHLANDS YMCA
101 YMCA WAY
COVINGTON,VA24426 		NONE 509(A)(1) PUBLIC CHA ARCHITECTURAL AND ENGINEERING PLAN 14,400

ALLEGHANY HIGHLANDS YMCA
101 YMCA WAY
COVINGTON,VA24426 		NONE 509(A)(1) PUBLIC CHA 2024 DOLLY PARTON IMAGINATION LIBRARY 16,800

ALLEGHANY HIGHLANDS YMCA
101 YMCA WAY
COVINGTON,VA24426 		NONE 509(A)(1) PUBLIC CHA 2024 ANNUAL CAMPAIGN MATCH 50,000

ALLEGHANY HIGHLANDS YMCA
101 YMCA WAY
COVINGTON,VA24426 		NONE 509(A)(1) PUBLIC CHA CENTRAL LEARNING CENTER RELOCATION AND RENOVATIONS 51,772

CITY OF COVINGTON
333 WEST LOCUST STREET
COVINGTON,VA24426 		NONE 509(A)(1) GOVERNMENT CASEY FIELD/BOODIE ALBERT STADIUM PHASE III CONSTRUCTION 1,000,000

CORA INCORPORATED
PO BOX 160 510 MAIN STREET
CLIFTON FORGE,VA24422 		NONE 509(A)(1) PUBLIC CHA CORA DANCE ALLEGHANY STAFF CAPACITY BUILDING 69,643

GARTH NEWEL MUSIC CENTER
PO BOX 240
WARM SPRINGS,VA24484 		NONE 509(A)(1) PUBLIC CHA ALLEGHENY MOUNTAIN STRING PROJECT 9,509

ROANOKE VALLEY-ALLEGHANY REGIONAL COMMISSION
313 LUCK AVENUE SW
ROANOKE,VA24016 		NONE 509(A)(1) GOVERNMENT ALLEGHANY HIGHLANDS REGIONAL TRAIL ACCELERATOR PLAN 30,000

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 DEVELOPMENT ACTIVITIES 34,088

TOWN OF CLIFTON FORGE
PO BOX 631 547 MAIN STREET
CLIFTON FORGE,VA24422 		NONE 509(A)(1) GOVERNMENT STABILIZING THE HISTORIC STONE HOUSE AT MOUNTAIN VIEW CEMETERY 10,000

TOWN OF CLIFTON FORGE
PO BOX 631 547 MAIN STREET
CLIFTON FORGE,VA24426 		NONE 509(A)(1) GOVERNMENT SUPPLEMENTAL REVITALIZATION EFFORTS 65,000
Total ................................. right arrow 3b 1,962,445
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-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
a
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 1,448,638  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....     16 12,472  
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 805,981  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aLOSS FROM PASSTHROUGHS 		    14 -109,190  
bLOSS FROM PASSTHROUGHS (UBIT) 523000 -103,295      
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. -103,295 2,157,901 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
2,054,606
(See worksheet in line 13 instructions to verify calculations.)
Part XV-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 XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
11C EXCISE TAX BENEFIT
Form 990-PF (2023)
Form 990-PF (2023)
Page 13
Part XVI
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.
right arrow right arrow
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 Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2023)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2023
Name of the organization
ALLEGHANY FOUNDATION
 
Employer identification number

54-1027400
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ






Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......... Arrow Bullet $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (2023)
Schedule B (Form 990) (2023) Page 2
Name of organization
ALLEGHANY FOUNDATION
  		Employer identification number
54-1027400
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
JACKSON RIVER ENTERPRISES
 
825 W EDGEMONT DRIVE
 
COVINGTON, VA24426

$ 39,982


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 3
Name of organization
ALLEGHANY FOUNDATION
  		Employer identification number

54-1027400
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 4
Name of organization
ALLEGHANY FOUNDATION
  		Employer identification number

54-1027400
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (2023)
Additional Data


Software ID:  
Software Version:  

TY 2023 AccountingFeesSchedule
Name:
ALLEGHANY FOUNDATION
EIN:
54-1027400
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 47,743 27,156   20,587

TY 2023 AllOthProgRltdInvestmentsSch
Name:
ALLEGHANY FOUNDATION
EIN:
54-1027400
Category Amount
NONE 0

TY 2023 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 2,778,025LESS: GRANTS PAID IN CURRENT YEAR, ACCRUED IN PY -1,305,552ADD: GRANTS AUTHORIZED IN CURRENT YEAR, BUT UNPAID 1,962,445LESS: CURRENT NET MODIFICATIONS TO PY ACCRUED GRANTS -265,370 -----------GRANT EXPENSE, ACCRUAL BASIS 3,169,548

TY 2023 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 - ALPINVEST CO-INVESTMENT PARTNERS VIII AT COST 1,219,950 1,461,443
LTD PARTNERSHIP INTEREST - ARDEN REAL ESTATE PARTNERS III AT COST 908,967 1,075,544
LTD PARTNERSHIP INTEREST - CCP IRONSIDES CO-INVESTMENT FUND VI AT COST 817,946 1,072,324
LTD PARTNERSHIP INTEREST - COLCHESTER GLOBAL LOW DURATION BOND AT COST 770,773 817,955
LTD PARTNERSHIP INTEREST - COMMONFUND CNRP AT COST 237,247 288,553
LTD PARTNERSHIP INTEREST - DRUM SPECIAL SITUATION PARTNERS IV-C LP AT COST 176,132 996,303
LTD PARTNERSHIP INTEREST - GEF CAPITAL US CSF II, LP AT COST 1,145,754 1,344,501
LTD PARTNERSHIP INTEREST - GRYPHON PARTNERS V-A, LP AT COST 808,040 1,343,878
LTD PARTNERSHIP INTEREST - GRYPHON PARTNERS VI, LP AT COST 370,665 466,093
LTD PARTNERSHIP INTEREST - HUDSON VALLEY PRESERVATION FUND II AT COST 755,448 1,026,230
LTD PARTNERSHIP INTEREST - IRONSIDES OFFSHORE DIRECT INVESTMENT FUND IV, LP AT COST 381,452 483,283
LTD PARTNERSHIP INTEREST - IRONSIDES OFFSHORE DIRECT INVESTMENT FUND V, LP AT COST 858,143 1,775,663
LTD PARTNERSHIP INTEREST - KCB REAL ESTATE VII, LP AT COST 856,350 1,204,712
LTD PARTNERSHIP INTEREST - KCB REAL ESTATE VIII, LP AT COST 256,095 256,095
LTD PARTNERSHIP INTEREST - LLR PARTNERS VI AT COST 878,324 1,027,840
LTD PARTNERSHIP INTEREST - MA ENDOWMENT PARTNERS AT COST 27,672,615 30,552,252
LTD PARTNERSHIP INTEREST - MA INVESTORS FUND AT COST 1,591,851 887,957
LTD PARTNERSHIP INTEREST - MA RESOURCES FUND AT COST 656,362 7,921
LTD PARTNERSHIP INTEREST - MIT PRIVATE EQUITY FUND II LP AT COST 98,769 29,067
LTD PARTNERSHIP INTEREST - PARTNERS GROUP PRIVATE EQUITY FUND II AT COST 1,300,000 1,816,529
LTD PARTNERSHIP INTEREST - PRIVATE ADVISORS SMALL CO. BUYOUT FUND III AT COST 0 199,398
LTD PARTNERSHIP INTEREST - PROPERTY HOLDINGS IV LLC AT COST 438,272 438,272
LTD PARTNERSHIP INTEREST - RCP DIRECT IV AT COST 690,516 955,502
LTD PARTNERSHIP INTEREST - SSGA REAL ASSETS AT COST 1,415,090 1,496,257
LTD PARTNERSHIP INTEREST - STAR MOUNTAIN DIVERSIFIED CREDIT INCOME FUND III AT COST 615,649 701,912
LTD PARTNERSHIP INTEREST - STAR MOUNTAIN DIVERSIFIED SMALL BUSINESS ACCESS AT COST 211,658 311,920
LTD PARTNERSHIP INTEREST - TIFF SECONDARY PARTNERS II LLC AT COST 180,284 43,515
LTD PARTNERSHIP INTEREST - TRG FORESTRY 8-B AT COST 14,063 3,892
LTD PARTNERSHIP INTEREST - WIND POINT PARTNERS IX-B AT COST 761,669 1,220,035
MUTUAL FUND - COHEN AND STEERS GLOBAL INFRA CL I AT COST 1,458,490 1,446,432
MUTUAL FUND - VANGUARD FEDERAL MMF AT COST 292,901 292,901
MUTUAL FUND - VANGUARD SHORT TERM BOND FUND AT COST 3,372,376 3,227,940
MUTUAL FUND - VANGUARD GLOBAL EQUITY FUND AT COST 6,735,865 6,495,292
MUTUAL FUND - VANGUARD TOTAL BOND MARKET FUND AT COST 1,549,639 1,381,266
MUTUAL FUND - VANGUARD VALUE INDEX FUND AT COST 3,143,128 3,322,978

TY 2023 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 58,999 141,849 141,849
ASSESSMENT AND ENGINEERING COST 3,700 1,087 2,613 2,613
2013 RENOVATIONS AND IMPROVEMEN 500,971 126,286 374,685 374,685
SITEWORK AT NEW LOCATION 65,427 32,986 32,441 32,441
CABINETS FOR NEW BUILDING 12,998 2,925 10,073 10,073
LANDSCAPING 4,196 1,993 2,203 2,203
LANDSCAPING-PARKING LOT 2,700 1,226 1,474 1,474
FINAL WORK FOR NEW BUILDING 14,776 3,634 11,142 11,142
ELECTRIC OVEN 1,106 987 119 119
WATER HEATER AND SEWER LINE 7,213 6,012 1,201 1,201
FACADE AND BUILDING IMPROVEMENT 313,054 48,263 264,791 264,791
HEATING AND COOLING UNIT 8,600 2,652 5,948 5,948
RENTAL PROPERTY- FACADE AND BUI 91,331 14,080 77,251 77,251
REMAINDER ON SUITE 2 DOOR INSTA 9,800 2,858 6,942 6,942
CONSTRUCTION ON SUITE 2 57,300 5,611 51,689 51,689
HVAC FOR SUITE 2 7,200 1,410 5,790 5,790
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  
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 8,241 4,018 4,018
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 1,053 0  
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 2,753 0  
DESKTOP BACK OFFICE HP PRODESK 735 600 135 135
INTERN-HP PROBOOK 450 #1 756 618 138 138
INTERN-HP PROBOOK 450-2 756 618 138 138
NEW SERVER 6,160 4,826 1,334 1,334
NEW COMPUTER AND ACCESSORIES 1,974 526 1,448 1,448
NEW LAPTOP AND ACCESSORIES 2,075 484 1,591 1,591


TY 2023 LegalFeesSchedule
Name:
ALLEGHANY FOUNDATION
EIN:
54-1027400
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 7,508 1,502   6,006


TY 2023 OtherAssetsSchedule
Name:
ALLEGHANY FOUNDATION
EIN:
54-1027400
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
PROCEEDS RECEIVABLE 3,326    
TAX REFUNDS RECEIVABLE 7,652 188,199 188,199


TY 2023 OtherDecreasesSchedule
Name:
ALLEGHANY FOUNDATION
EIN:
54-1027400
Description Amount
PENALTIES AND INTEREST 439


TY 2023 OtherExpensesSchedule
Name:
ALLEGHANY FOUNDATION
EIN:
54-1027400
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INSURANCE 4,660 0   4,660
OFFICE EXPENSES 8,936 0   8,936
MISCELLANEOUS 272 0   274
FACADE IMPROVEMENTS 363 363   0


TY 2023 OtherIncomeSchedule2
Name:
ALLEGHANY FOUNDATION
EIN:
54-1027400
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
LOSS FROM PASSTHROUGHS -109,190 -109,190 -109,190
LOSS FROM PASSTHROUGHS (UBIT) -103,295   -103,295


TY 2023 OtherIncreasesSchedule
Name:
ALLEGHANY FOUNDATION
EIN:
54-1027400
Description Amount
NET TIMING DIFFERENCES FROM INVESTMENTS IN LIMITED PARTNERSHIPS 2,991,204


TY 2023 OtherLiabilitiesSchedule
Name:
ALLEGHANY FOUNDATION
EIN:
54-1027400
Description Beginning of Year - Book Value End of Year - Book Value
DEFERRED TAX LIABILITY 32,391 94,953


TY 2023 OtherProfessionalFeesSchedule
Name:
ALLEGHANY FOUNDATION
EIN:
54-1027400
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT FEES & EXPENSES 596,945 596,945   0
CONSULTING FEES 58,650 0   58,650


TY 2023 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 36,576 0   0
LICENSES & TAXES 75 0   75
FOREIGN TAXES 47,342 47,342   0