INVESTING IN BLACK FUTURES BY PROVIDING A CLEAR PATHWAY TO STUDENTS AT PARTNERING HBCU'S INTO CAREERS IN THE ALTERNATIVE INVESTMENT INDUSTRY. PARTICIPATING HBCU STUDENTS WILL RECEIVE ACCESS TO EDUCATION, TRAINING, MENTORSHIP, SCHOLARSHIP FUNDING, INTERNSHIPS, AND FULL-TIME CAREER OPPORTUNITIES IN THE INDUSTRY.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$14.1M
-6.0% YoY
Annual Giving
$1.1M
+37.5% YoY
Grant Count
6
+500.0% YoY
Avg Grant Size
$190K
-77.1% YoY
About Alt Finance Corporation
Based on IRS filings
Alt Finance Corporation is a nonprofit organization focused on Public, Societal Benefit, based in CULVER CITY, CA. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $14.1M in total assets. In 2024, it awarded 6 grants totaling $1.1M. Net investment income was $458K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $14,068,910 | $14,973,383 | $10,989,237 |
| Revenue | $9,458,011 | $9,005,000 | $9,006,017 |
| Expenses | $9,223,111 | $5,470,305 | $6,690,528 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $458,011 | — | — |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
Grant Size Distribution
12 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| TREY PRUITT | PRESIDENT | 1 | — |
| JONATHAN B SIMON | VICE-PRESIDENT | 1 | — |
| HEATHER BERGER | TREASURER | 1 | — |
| JERILYN MCANIFF | SECRETARY | 1 | — |
| MICHELLE ARMSTRONG | DIRECTOR | 1 | — |
| MILWOOD HOBBS JR | DIRECTOR | 1 | — |
| MARCUS SHAW | EXECUTIVE DIRECTOR | 40 | $445,000 |
| RACHEL WARD | VICE-PRESIDENT OF OPERATION | 40 | $189,276 |
| LESLIE ESPY | VICE-PRES. OF STRATEGY AND OPERATION | 40 | $179,863 |
| TULANI THOMAS | CHIEF OF STAFF | 40 | $151,260 |
Subject Areas
Focus areas based on grantmaking activity
Related Funders
Similar funders by location and focus area
Cottage Health
SANTA BARBARA, CA
Assets
$172.1M
Grants
6
Total Given
$179K
International Right of Way Association
GARDENA, CA
Assets
$5.7M
Grants
1
Total Given
$9K
Quince Interfaith Housing Corporation
LEMON GROVE, CA
Assets
—
Grants
0
Total Given
—
William & Lillian Schwartz Charitable Foundation
LA JOLLA, CA
Assets
$325K
Grants
1
Total Given
$3K
Covia Foundation
GLENDALE, CA
Assets
$15.2M
Grants
1
Total Given
$4.8M
Yale Ave Housing Inc
LAKE FOREST, CA
Assets
$25K
Grants
1
Total Given
$40K
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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