Ally Charitable Foundation
Ally Charitable Foundation is a private foundation based in Charlotte, North Carolina. Its filing describes support for equitable healthcare workforce development, particularly career pathways, training, and scholarships for people from historically marginalized and diverse populations.
Ally Charitable Foundation at a glance
In short: Ally Charitable Foundation gave $6.9M across 182 grants in 2024 (avg $38K), top state North Carolina. 20% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $6,888,000
- -4.5% vs 2023
- Grants made (2024)
- 182
- +0.0% vs 2023
- Average grant
- $37,846
- -4.5% vs 2023
- Median grant
- $20,000
- Total assets
- $89,622,818
- +9.6% vs 2023
- New grantees (estimate)
- 20% first-time grantees (36 of 177, 2024)
- Primary geography
- North Carolina (42% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Ally Charitable Foundation
- How to Apply
-
The foundation’s filing says applications should be submitted online and that applicants must have approved 501(c)(3) tax-exempt public charity status. Ally’s grant guidelines require a program budget, logic model, and documentation of adherence to its non-discrimination policy. The guidelines also say applicants should complete an eligibility quiz and submit a proposal. The foundation says it does not restrict giving to preselected organizations.
- Review Cycle
- The filing lists no deadlines. The grant guidelines’ March 1–31, 2024 application period and the FAQs’ January 15–February 28 annual application period are past cycles.
- Deadline
- The filing lists no deadlines.
- Contact
Application contact: Ally Charitable Foundation
Mailing address: 601 South Tryon Street, Charlotte, NC 28202
Phone: (980) 312-8320
Website: https://ally.com
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Open Grants
1 open opportunity from Ally Charitable Foundation
Who Ally Charitable Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Atrium Health Foundation ($1.0M). Together the top 10 received $3.2M.
Organizations only. It also paid 1 grant to individuals ($20,000), which are not listed by name.
Grant Size Distribution
756 grants across all recorded years
The most common grant size was under $50K: 595 grants of 756 (79%).
Geographic Focus
Where this funder awards grants
Ally’s grant FAQs identify Charlotte, North Carolina, and Detroit, Michigan, as its giving focus. In 2024, 42% of grant dollars went to recipients in North Carolina, 26% to Michigan, and 22% to Utah; California received 4% and Washington, D.C., 3%. The 2024 grants also included recipients in Colorado.
Grant Distribution by State
Share of 2024 grant dollars across all 182 itemized grants.
States
Cities
Is Ally Charitable Foundation open to new grantees?
20%
first-time grantees, 2024
In 2024, 36 of 177 grantees (20%) were first-time recipients. First grants averaged $26K; repeat grants $42K. How we count
Medians: $20K first-time, $20K repeat.
- 73% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (+4%). Method
- In 2024 it paid out 242% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $1.7M (2020) to $8.0M (2022). In 2024 it made 182 grants totaling $6.9M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Atrium Health Foundation Charlotte, NC | Workforce Development Center of Excellence and Scholarship Fund | $1,000,000 |
| Foundation for the Carolinas Charlotte, NC | Multi-Year: Mayor's Racial Equity Fund #1 | $400,000 |
| Local Initiatives Support Corporation Detroit, MI | Multi-Year: Lisc -Welcome Home & Digital Navigator | $400,000 |
| The Other Side Academy Salt Lake Cty, UT | The Other Side Builders | $284,000 |
| Habitat for Humanity of the Charlotte Region Inc Charlotte, NC | Multi-Year: the Meadows at Plato Place | $250,000 |
| Congressional Black Caucus Foundation Inc Washington, DC | The Law and Public Policy Scholars Programs | $114,000 |
| Junior Achievement Colorado Springs, CO | 2023 Ally Employee Engagement via Ja Programming | $107,000 |
| Emerging Industries Training Institute Detroit, MI | Neighborhood Beautification Through Workforce Development | $100,000 |
| Invest Detroit Foundation Detroit, MI | Strategic Neighborhood Fund 3 | $100,000 |
| Local Initiatives Support Corporation Detroit, MI | Multi-Year: Lisc - Diverse Supplier Grant Initiative | $100,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $89,622,818 | $9,897,273 | $4,521,678 | $6,888,000 | 182 | $10,173,000 | $2,946,327 | $4,209,474 |
| 2023 | $81,746,335 | $8,141,176 | $5,783,280 | $7,215,355 | 182 | $7,215,355 | $2,019,805 | $3,721,114 |
| 2022 | $71,357,693 | $10,327,035 | $11,166,346 | $8,029,416 | 172 | $8,029,416 | $1,696,482 | $3,647,701 |
| 2021 | $83,339,784 | $53,678,980 | $10,098,469 | $6,653,058 | 167 | $6,653,058 | $707,406 | $3,080,607 |
| 2020 | $31,020,480 | $35,342,279 | $1,774,800 | $1,699,800 | 53 | — | — | $59,673 |
Under IRS private-foundation payout rules, Ally Charitable Foundation reported a distributable amount of $4.2M for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
The foundation’s stated purpose is to invest in equitable healthcare workforce development opportunities, focusing on individuals from historically marginalized and diverse populations. A $5 million gift to Atrium Health established the Ally Charitable Foundation Workforce Development Center of Excellence and the Ally Charitable Foundation Workforce Development Scholarship Fund. These initiatives are intended to provide career pathways, training, and scholarships for underrepresented communities seeking healthcare careers, with the goal of supporting upward economic mobility and a stronger healthcare talent pipeline.
Ally’s grant guidelines describe three broader areas: affordable housing, financial education, and workforce development. The foundation makes grants to nonprofits working to expand access to affordable housing, provide underserved communities with financial education, and connect individuals and communities with college and career pathways.
Examples of supported organizations illustrate the range of work among its grantees. Atrium Health Foundation says its mission is to inspire transformational giving to improve health, elevate hope, and advance healing for all. Habitat for Humanity of the Charlotte Region describes its work as bringing people together to build homes, communities, and hope. Emerging Industries Training Institute describes itself as a vocational school equipping underserved communities with skills and training for adolescents and adults.
Grantmaking
In 2024, the foundation reported 182 grants totaling $6,888,000. Grant amounts ranged from $2,500 to $1,000,000, with a median of $20,000.
Among its largest 2024 grants were $1,000,000 to Atrium Health Foundation for a workforce development center of excellence and scholarship fund; $400,000 to Foundation for the Carolinas for the Mayor’s Racial Equity Fund; $400,000 to Local Initiatives Support Corporation for Welcome Home and Digital Navigator; and $284,000 to The Other Side Academy for The Other Side Builders. Other notable awards included $250,000 to Habitat for Humanity of the Charlotte Region, $114,000 to the Congressional Black Caucus Foundation for its Law and Public Policy Scholars Programs, and $100,000 each to Emerging Industries Training Institute and Rebuilding Together.
The foundation also reported direct charitable activities in 2024 involving program-related investments. These included a $3,000,000 loan investment to Charlotte Small Business Growth Fund LLC to support the Charlotte Mayor’s equity initiatives and the development of a secondary market for CDFI small-business loans, and a loan to Charlotte Housing Opportunity Investment Fund II to help facilitate affordable housing development.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Michael Rizer as president; Jan Bergeson as vice president; Samuel Little as treasurer; Jay Frucci as assistant treasurer; Jacqueline Howard as secretary; Joyce Daniels and Mary French as assistant secretaries; and Alison Summerville, Andrea Brimmer, and David DeBrunner as directors.
Ally Charitable Foundation is led by Michael Rizer, President on every filing since 2020; none of the 13 officers listed in 2024 report compensation.
Officers on the 2024 filing
Michael Rizer
President
On filings since 2020
30 hrs/week
No compensation reported
Alison Summerville
Director
On filings since 2020
5 hrs/week
No compensation reported
Andrea Brimmer
Director
On filings since 2020
5 hrs/week
No compensation reported
Diane Morais
Director
On filings since 2020
5 hrs/week
No compensation reported
David Debrunner
Director
On filings since 2022
5 hrs/week
No compensation reported
Lashauna Lowry
Director
On filings since 2022
5 hrs/week
No compensation reported
Lindsay Yousif
Director
On filings since 2022
5 hrs/week
No compensation reported
Jacqueline Howard
Secretary
On filings since 2020
5 hrs/week
No compensation reported
Jan Bergeson
Vice President
On filings since 2020
5 hrs/week
No compensation reported
Joyce Daniels
Assistant Secretary
On filings since 2020
5 hrs/week
No compensation reported
Mary French
Assistant Secretary
On filings since 2020
5 hrs/week
No compensation reported
Jay Frucci
Assistant Treasurer
On filings since 2021
5 hrs/week
No compensation reported
Samuel Little
Treasurer
On filings since 2022
5 hrs/week
No compensation reported
Former officers (2)
- Former: Jennifer Laclair (2020–2022) — Director
- Former: Meghan Ryan (2020–2022) — Treasurer
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Ally Charitable Foundation
How much does Ally Charitable Foundation give each year?
Ally Charitable Foundation gave $6.9M across 182 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $7.2M across 182 grants.
What is Ally Charitable Foundation's typical grant size?
Ally Charitable Foundation's median grant in 2024 was $20,000, and its average grant was $37,846, across 182 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Ally Charitable Foundation that year got $26K on average.
Where does Ally Charitable Foundation give grants?
Ally Charitable Foundation's top state is North Carolina, with 42% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were Michigan (26%) and Utah (22%). The most frequent recipient cities were Charlotte, NC (55 grants), Detroit, MI (37 grants), Salt Lake Cty, UT (33 grants) and Los Angeles, CA (8 grants).
Does Ally Charitable Foundation give general operating support?
Occasionally: 3% of Ally Charitable Foundation's 2024 grants with a stated purpose (6 of 182) were for general or operating support, per its 2024 IRS Form 990-PF. Recurring purposes include "Trust-Based Philanthropy - Workforce Development" (9 grants) and "Trust-Based Philanthropy - Affordable Housing" (4 grants).
Who are Ally Charitable Foundation's largest grantees?
Ally Charitable Foundation's largest 2024 grantees include Atrium Health Foundation ($1,000,000), Local Initiatives Support Corporation ($525,000 across 3 grants) and Foundation for the Carolinas ($400,000), according to its 2024 IRS Form 990-PF. It also paid 1 grant to individuals ($20,000), which are not listed by name. Together they received 28% of its itemized 2024 grant dollars.
How large is Ally Charitable Foundation?
Ally Charitable Foundation reported $89.6M in total assets on its 2024 IRS Form 990-PF. It paid out $10.2M in qualifying distributions that year, against a required minimum of $4.2M (roughly 5% of its investment assets).
What does Ally Charitable Foundation fund?
The foundation’s stated purpose is to invest in equitable healthcare workforce development opportunities, focusing on individuals from historically marginalized and diverse populations. See mission & focus areas ↑
How do I apply for a grant from Ally Charitable Foundation?
The foundation’s filing says applications should be submitted online and that applicants must have approved 501(c)(3) tax-exempt public charity status. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Ally Charitable Foundation's EIN?
Ally Charitable Foundation's EIN (Employer Identification Number) is 84-4571035. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Ally Charitable Foundation's focus areas in our free grants database
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Cite this profile
Grantable. (2026). Ally Charitable Foundation funder profile. GrantGraph. Retrieved October 11, 2026, from https://grantable.co/funders/ally-charitable-foundation-morg_6a9c3fedfbd748d885f98a6575e9dc69
BibTeX
@misc{grantable_844571035_2026,
author = {{Grantable}},
title = {{Ally Charitable Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/ally-charitable-foundation-morg_6a9c3fedfbd748d885f98a6575e9dc69},
note = {Accessed 2026-10-11. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Ally Charitable Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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