ABOUT TWIN COUNTY COMMUNITY FOUNDATION
Twin County Community Foundation (TCCF), formerly known as “Twin County Regional Healthcare Foundation” (TCRHF), was originally formed as “Twin County Community Hospital Foundation” in July 1995 to support the charitable needs of Twin County Community Hospital.
On April 1, 2012, the hospital sold 80% of its interest to Duke LifePoint while 20% of its interest remained a community asset. The existing funds of the hospital foundation were transferred to the Twin County Community Foundation. At which time, the foundation reorganized and is now a separate entity from the hospital with its own governing board. Proceeds from the asset sale of the hospital are managed by the TCRH, Inc. Legacy Board and will be transferred to the Twin County Community Foundation as deemed appropriate by the legacy board. According to stipulations in the sales agreement, those proceeds will be available for community grants after March 31, 2017 to support community healthcare related initiatives throughout the Twin Counties.
The Foundation shall be organized and operated exclusively for scientific, educational and chartitable purposes within the meaning of Section 501(c)(3) of the Internal Revenue code of 1986, as amended (the "Code") and may make expenditures for one or more of these purposes. The specific purposes for which the Foundation is organized are to serve a broadly defined mission to improve healthcare in Carroll County, Grayson County and the City of Galax, Virginia and in surrounding communities. That mission may include meeting the unmet healthcare needs of the indigent and uninsured; supporting healthcare education programs and supporting programs which have the primary purpose of preventing and reducing illness and disease and other programs to promote the health, education and welfare of the community. The preceding sentences shall not limit the ability of the Foundation to carry out any other charitable, scientific, literary and educational purposes within the meaning of Section 501(c)(3) of the Internal Revenue Code. The Foundation shall be authorized to to receive and solicit gifts, bequests and/or grants to further its purposes. Consistent with the foregoing, the Foundation shall have and exercise all powers and authorities now or hereafter conferred upon nonstock corporations under the laws of Virginia.