# Williamsburg Health Foundation

Williamsburg Health Foundation is an Endowment / Foundation based in Williamsburg, United States.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** Williamsburg, United States
- **Region:** North America
- **Address:** 4801 Courthouse Street, Suite 200, Williamsburg, VA 23188, United States
- **Founded:** 1996
- **Assets under management:** $164M
- **Website:** williamsburghealthfoundation.org
- **LinkedIn:** https://www.linkedin.com/company/williamsburg-health-foundation

## Regulatory record

- **Reports private funds:** No

## About

The foundation was established in September 1996, seeded by the proceeds from the affiliation agreement that merged Williamsburg Community Hospital into Sentara Healthcare. Deanna Van Hersh serves as President and CEO, overseeing an organization whose board draws investment governance from senior professionals at Morgan Stanley, Chesapeake Wealth Management, and Old Point National Bank. The institution occupies a specific legal niche: a health-conversion foundation whose entire corpus was created by a single nonprofit-hospital transaction. The endowment supports a grants-based deployment model rather than a direct-investment or private-equity strategy. The portfolio spans public equities, fixed income, and alternative allocations managed through fund-of-funds structures, secondaries, and limited direct commitments — a construction shaped by Finance Chair Douglas Myers and Trustee Mitchell Harry, both Morgan Stanley veterans. Geographic deployment is exclusively local; every grant flows to service providers and programs operating within the Greater Williamsburg region of Virginia, with a mandate tied explicitly to health outcomes. The board integrates advisors from multiple Tidewater financial institutions. Trustees include Felicia Stovall, a Senior VP at Chesapeake Wealth Management, and Cheri Green, a private wealth advisor at Old Point National Bank. The foundations's professional network ties extend through Grantmakers In Health, the Council on Foundations, and the Virginia Funders Network. The office sits at 4801 Courthouse Street, with the Jeanne Zeidler Meeting Room named for the former CEO. The foundations's signature structural feature is its single-transaction origin. Unlike endowments that accumulate over decades of donor gifts, this corpus derives entirely from one hospital sale, making its governance uncommonly concentrated. The board operates with direct ties to the buyer — Sentara's Director of Patient Care Services, Beth Davis, holds the board chair role — creating an ongoing governance link between grantor and the hospital system that generated the endowment.

## Sectors

- Healthcare Services

## People

- Deanna Van Hersh — President and CEO
- Felicia Stovall — Chair of the Board of Trustees
- Earl Granger, III — Vice Chair of the Board of Trustees
- Beth F. Davis — Board Chair; Director of Patient Care Services at Sentara Williamsburg Regional Medical Center
- Mitchell F. Harry — Trustee; Senior Vice President and Portfolio Management Director at Morgan Stanley
- Douglas J. Myers — Investment/Finance Chair; Retired Senior Vice President at Morgan Stanley
- Cheri Green — Trustee; Senior Vice President and Private Wealth Advisor at Old Point National Bank
- Jeanne Zeidler — Former President and CEO

## Questions

### Who runs investment decisions at the Williamsburg Community Health Foundation?

Douglas Myers, retired Morgan Stanley Senior Vice President, chairs the investment and finance committee. Trustee Mitchell Harry, a Portfolio Management Director at Morgan Stanley, also contributes to portfolio oversight. The board integrates financial governance through additional officers at Chesapeake Wealth Management and Old Point National Bank, creating a committee structure rather than a single CIO model.

### How is the foundation related to Sentara Healthcare?

Sentara Healthcare is the foundation's corporate parent in its creation story. The foundation was capitalized through an affiliation agreement and merger between Williamsburg Community Hospital and Sentara in 1996. Today, the board includes Sentara's Director of Patient Care Services, Beth Davis, as Board Chair — maintaining a formal governance link.

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Last updated: 2026-07-08T22:38:35.414Z

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