The Ally Charitable Foundation is a corporate foundation established in 2020 by Ally Financial, Inc. (formerly GMAC) and is based in Charlotte, North Carolina. The foundation operates as a 501(c)(3) organization dedicated to advancing economic mobility and reducing inequities through innovative philanthropy and programming.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$89.6M
+9.6% YoY
Annual Giving
$6.9M
-4.5% YoY
Grant Count
182
+0.0% YoY
Avg Grant Size
$38K
-4.5% YoY
Mission & Focus Areas
The foundation's mission is to advance economic mobility and reduce inequities through innovative philanthropy and programming. The foundation aims to inspire social change by focusing on three primary areas:
- Affordable Housing – Supporting organizations working to expand access to quality affordable housing
- Financial Education – Funding initiatives that provide underserved communities with crucial financial education
- Workforce Development – Grants for workforce development programs and access to college and career pathways
The foundation employs a trust-based philanthropy approach that prioritizes unrestricted funding, simplified application processes, and support for grassroots organizations, particularly Black-led organizations that are often overlooked by traditional funders.
Grantmaking
Grant Range
$5,000 to $1,000,000 (most grants under $500,000)
Average Grant
approximately $39,645 to $151
How to Apply
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Geographic Focus
Where this funder awards grants
The foundation focuses primarily on two geographic areas:
- Charlotte, North Carolina (headquarters location)
- Detroit, Michigan (Ally's other hometown community)
The foundation also funds initiatives in other major urban areas including Atlanta, Los Angeles, New York, San Francisco, and Salt Lake County, with particular emphasis on North Carolina, Utah, and Michigan.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Revenue (2023-2024):
- Total assets: $81.7 million to $89.6 million
- Total revenue: $8.1 million to $10.3 million
- Total expenses: $4.5 million to $5.8 million
- Total liabilities: $5.01 million (2023)
Tax Status:
- Tax-exempt since March 2020
- EIN: 84-4571035
- Designated as a 501(c)(3) organization
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $89,622,818 | $81,746,335 | $71,357,693 |
| Revenue | $9,897,273 | $8,141,176 | $10,327,035 |
| Expenses | $4,521,678 | $5,783,280 | $11,166,346 |
| Qualifying Distributions | $10,173,000 | $7,215,355 | $8,029,416 |
| Net Investment Income | $2,946,327 | $2,019,805 | $1,696,482 |
| Distributable Amount | $4,209,474 | $3,721,114 | $3,647,701 |
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
250 grants across all recorded years
Open Grants
1 open opportunity from Ally Charitable Foundation
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- Michael Rizer – President
The foundation's leadership team includes several other key officers and directors, all of whom serve without compensation.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MICHAEL RIZER | PRESIDENT | 30 | — |
| JAN BERGESON | VICE PRESIDENT | 5 | — |
| SAMUEL LITTLE | TREASURER | 5 | — |
| JAY FRUCCI | ASSISTANT TREASURER | 5 | — |
| JACQUELINE HOWARD | SECRETARY | 5 | — |
| JOYCE DANIELS | ASSISTANT SECRETARY | 5 | — |
| MARY FRENCH | ASSISTANT SECRETARY | 5 | — |
| ALISON SUMMERVILLE | DIRECTOR | 5 | — |
| ANDREA BRIMMER | DIRECTOR | 5 | — |
| DAVID DEBRUNNER | DIRECTOR | 5 | — |
| DIANE MORAIS | DIRECTOR | 5 | — |
| LASHAUNA LOWRY | DIRECTOR | 5 | — |
| LINDSAY YOUSIF | DIRECTOR | 5 | — |
Recent News & Activity
Recent developments and announcements
In February 2025, Invest Detroit and the Ally Charitable Foundation announced a $1 million grant to support the City of Detroit's Strategic Neighborhood Fund, demonstrating the foundation's ongoing commitment to neighborhood development and economic mobility in Detroit.
Invest Detroit and Ally Charitable Foundation Announce $1 Million ...The foundation has made strategic commitments including a $150 million workforce development initiative and nearly $1 billion pledged to housing initiatives, reflecting its substantial long-term investment in its core focus areas.
Invest Detroit and Ally Charitable Foundation Announce $1 Million ...Subject Areas
Focus areas based on grantmaking activity
Related Funders
Similar funders by location and focus area
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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