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
Ready to take the next step with Alt Finance Corporation?
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
Among its reported 2024 grants, the largest include Florida A&m University ($250,000), Hampton University ($250,000), Morgan State University ($250,000).
| Recipient | Purpose | Amount |
|---|---|---|
| FLORIDA A&M UNIVERSITY TALLAHASSEE, FL | SCHOLARSHIPS | $250,000 |
| HAMPTON UNIVERSITY HAMPTON, VA | SCHOLARSHIPS | $250,000 |
| MORGAN STATE UNIVERSITY BALTIMORE, MD | SCHOLARSHIPS | $250,000 |
| NORTH CAROLINA A&T UNIVERSITY GREENSBORO, NC | SCHOLARSHIPS | $250,000 |
| MOREHOUSE COLLEGE ATLANTA, GA | SCHOLARSHIPS | $125,000 |
| HOWARD UNIVERSITY WASHINGTON, DC | SCHOLARSHIPS | $15,000 |
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
Frequently Asked Questions
What is Alt Finance Corporation?
Alt Finance Corporation is a nonprofit organization focused on Public, Societal Benefit, based in CULVER CITY, CA. It holds $14.1M in total assets as of 2024.
How large is Alt Finance Corporation?
As of 2024, Alt Finance Corporation holds $14.1M in total assets with $9.5M in annual revenue. It awarded 6 grants totaling $1.1M in 2024.
Where does Alt Finance Corporation operate?
Alt Finance Corporation has awarded grants in District of Columbia, Florida, Georgia, Maryland, North Carolina, Virginia.
What size grants does Alt Finance Corporation award?
In 2024, Alt Finance Corporation awarded 6 grants totaling $1.1M — an average of about $190K per grant, based on its IRS Form 990 filings.
What is Alt Finance Corporation's EIN?
Alt Finance Corporation's EIN (Employer Identification Number) is 86-3974526. IRS Form 990 filing data is available on this page for 2021–2024.
Explore Open Grants
Browse active grant opportunities in Alt Finance Corporation's focus areas in our free grants database
Related Funders
Similar funders by location and focus area
Gochnauer Family Foundation
CORONA DEL MAR, CA
Assets
$15.2M
Grants
39
Total Given
$313K
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
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with Alt Finance Corporation on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities
Go from researching Alt Finance Corporation to a real strategy.