Richmond Memorial Health Foundation

President and CEO Reginald E. Gordon oversees the foundation's investment and grant-making strategy. He succeeded Mark D. Constantine, who led the foundation from 2016 to 2023 before becoming Senior VP at Dogwood Health Trust. The Board of Trustees, chaired by Dr. Vanessa Walker Harris, provides governance and strategic oversight.

RMHF sources through a combination of regional philanthropic networks and national impact-investing collaboratives. It is a member of Mission Investors Exchange, Grantmakers in Health, and the Virginia Funders Network, and has executed co-investments alongside the Robins Foundation. The foundation also participates in the Healthcare Anchor Network's Place-based Investing Commitment, which connects it to peer institutions deploying capital for community health.

RMHF makes both. Beyond traditional grants, it deploys capital through direct co-investments, early-stage venture, fund commitments, and secondary positions. The foundation also maintains a dedicated CDFI investment portfolio and has engaged in program-related investments aligned with its health-equity mission.

RMHF has partnered with the Robins Foundation on the Government Alliance on Race and Equity (GARE) initiative in the Richmond region. It also collaborates with the Robert Wood Johnson Foundation on the national 'Invest Health' and 'Connect Capital' programs, which focus on community-driven health investments. These relationships are programmatic co-investor partnerships, not structural affiliations.

The foundation was created in 1977 and spun out as an independent private entity in 1998. The specific genesis of its endowment — whether from a hospital conversion, family gift, or other source — is not publicly disclosed by the foundation.

RMHF concentrates its activity in Central Virginia, with a primary focus on the Richmond metropolitan area. Its real assets include offices in Richmond, and its investment portfolio is largely regionally anchored, though it participates in national collaboratives through its network memberships.

It operates as a hybrid. RMHF functions as a 501(c)(3) private foundation conducting traditional grant-making, but it also maintains a direct investment portfolio spanning venture, co-investments, and secondaries. This dual structure — combining endowment management with active programmatic grant-making — distinguishes it from both pure foundations and outsourced institutional allocators.