Alliant Credit Union Foundation
The Alliant Credit Union Foundation is a corporate foundation based in Chicago, Illinois, serving as the charitable arm of Alliant Credit Union. Established in 2009, the foundation operates as a 501(c)(3) private grantmaking foundation with a focus on advancing digital equity and supporting causes important to Alliant employees and the communities where members and employees live and work.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$6.1M
-5.3% YoY
Annual Giving
$1.2M
+162.8% YoY
Grant Count
171
+11.8% YoY
Avg Grant Size
$7K
+135.1% YoY
Mission & Focus Areas
The foundation promotes financial literacy, economic empowerment, and self-sufficiency in people, especially in communities where Alliant Credit Union members and employees live and work.
Primary funding areas include:
Digital Inclusion & Equity: The foundation's primary focus is supporting 501(c)(3) organizations with missions to advance digital equity. This includes funding for reliable broadband access, digital literacy resources, and technology equipment across the United States.
Employee Philanthropy: The foundation matches qualifying charitable donations from Alliant employees up to $1,000 per fiscal year, historically supporting over 50 organizations annually.
Community Leadership: The foundation provides community leadership awards with grants to support various philanthropic efforts aligned with employee interests, including causes ranging from Alzheimer's charities to zoological societies.
Grantmaking
The foundation accepts grant applications from 501(c)(3) organizations. Grant applications are available in PDF format through the foundation's website. The foundation cannot approve grant requests driven by political or religious objectives.
Grant Range
$500
How to Apply
**
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Geographic Focus
Where this funder awards grants
The foundation funds organizations across the United States, with particular emphasis on communities where Alliant Credit Union members and employees live and work.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of Fiscal Year Ending June 2024:
- Total Assets: $6.48 million
- Total Revenues: $345,282
- Total Expenses: $1.19 million
- Total Liabilities: $0
Historical Assets (2023): $6.1 million
The foundation ranks in the top 25% of foundations by asset size nationally.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $6,132,045 | $6,476,845 | $6,360,261 |
| Revenue | $345,282 | $137,517 | $514,212 |
| Expenses | $1,196,521 | $475,403 | $531,147 |
| Qualifying Distributions | $1,187,721 | $453,385 | $514,246 |
| Net Investment Income | $231,112 | $120,499 | $503,811 |
| Distributable Amount | $313,692 | $315,786 | $365,427 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
200 grants across all recorded years
Open Grants
1 open opportunity from Alliant Credit Union Foundation
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Board Members and Officers:
- Meredith Ritchie - President
- Michael Gard - Treasurer
- Dennis Devine - CEO (through October 25, 2024)
- Rick Holke - Director
- Janet Meinheit - Director
- Jackie Gruenes - Director
- Farvah Lakhani - Director
- Crystal Wyatt - Director
- Paul Letourneau - Director
The foundation operates with limited staffing, with board members contributing approximately 2 hours per week and receiving no compensation.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MEREDITH RITCHIE | PRESIDENT | 2 | — |
| MICHAEL GARD | TREASURER | 2 | — |
| DENNIS DEVINE | CEO THROUGH 10/25/2024 | 2 | — |
| RICK HOLKE | DIRECTOR | 2 | — |
| JANET MEINHEIT | DIRECTOR | 2 | — |
| JACKIE GRUENES | DIRECTOR | 2 | — |
| FARVAH LAKHANI | DIRECTOR | 2 | — |
| CRYSTAL WYATT | DIRECTOR | 2 | — |
| PAUL LETOURNEAU | DIRECTOR | 2 | — |
Recent News & Activity
Recent developments and announcements
The Alliant Credit Union Foundation announced a record-breaking year in efforts to bridge the digital divide. Recent grant activity demonstrates the foundation's commitment to digital inclusion, with significant investments in programs supporting digital access and technology education. The foundation granted $108,000 to Ridgewood High School to boost artificial intelligence and digital programs, reflecting its focus on advancing digital literacy and technology access in educational settings.
Alliant Credit Union Foundation Grants $108K to Boost AI and Digital ProgramsSubject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with Alliant Credit Union Foundation on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
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