# Harvest Foundation

Harvest Foundation is an Endowment / Foundation based in Martinsville, United States.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** Martinsville, United States
- **Region:** North America
- **Address:** Martinsville, VA, United States
- **Founded:** 2002
- **Assets under management:** $200M–$300M (Altss estimate)
- **Website:** harvestfoundation.org
- **LinkedIn:** https://www.linkedin.com/company/harvest-foundation

## Regulatory record

- **Reports private funds:** No

## About

Harvest Foundation is a foundation based in Martinsville, US. It manages approximately $236 million in assets, primarily focused on North America.

## Sectors

- Healthcare Services
- Education
- Community Development

## People

- Kate Keller — President
- Allyson Rothrock — Board Chair

## Questions

### Where did the Harvest Foundation's capital come from?

The foundation was capitalized in 2002 from the sale of Memorial Health System of South Bend, Indiana, to a for-profit entity. The proceeds endowed the foundation to serve Martinsville and Henry County, Virginia, the former hospital's historical service area. This health-conversion structure is a common but finite wealth origin — the assets represent a one-time liquidation, not an ongoing operating business.

### Is the Harvest Foundation a perpetual endowment?

No. In 2023, the board adopted a Long-Term Transformation plan that commits to spending down roughly one-third of the foundation's assets — approximately $100M — over a two-year cycle. This limits the effective lifespan of the corpus and distinguishes Harvest from perpetual endowments that seek to preserve intergenerational purchasing power.

### What geographic area does the Harvest Foundation serve?

The foundation exclusively serves Martinsville and Henry County, Virginia. This is a tightly bounded geographic mandate tied to the original hospital's service area. All grants are place-based; the foundation does not make national or international grants.

### What are the foundation's largest known grant commitments?

The largest recorded grant is a $12M commitment in December 2024 to establish a regional early childhood education hub. Other major grants include $10.3M for the Martinsville-Henry County Family YMCA and $5.4M to the New College Institute. These three grants alone account for over $27M of the accelerated spending plan.

### Does the Harvest Foundation accept outside grant applications?

Yes. The foundation maintains an open grant application process, but eligibility is restricted to organizations serving Martinsville-Henry County, Virginia. Grantmaking is organized around health, education, and community vitality. The accelerated multi-year spending plan has compressed both the dollar volume and the deadline pressure for applicants.

## Related profiles

- [Harvest Financial Partners](https://altss.com/profile/harvest-financial-partners)
- [Harvest Investment Advisors](https://altss.com/profile/harvest-investment-advisors)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/harvest-foundation

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology