Alternative Foundation
Alternative Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Wilmington, DE. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $5.3M in total assets. In 2024, it awarded 6 grants totaling $325K. Net investment income was $232K.
Key facts about Alternative Foundation
- EIN
- 83-3128471
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $325,000
- Grants made (2024)
- 6
- Average grant
- $54,167
- Median grant
- $52,500
- Total assets
- $5,287,328
- Primary geography
- Michigan (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Alternative Foundation funds
By grant dollars, the top recipient states for Alternative Foundation's 6 itemized 2024 grants were Michigan (100%). The most frequent recipient cities were Detroit, MI (4 grants). 100% of grants with a stated purpose were for general or operating support.
How Alternative Foundation gives
- Giving held roughly steady from 2021 to 2024 (−16%). Method
- In 2024 it paid out 176% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Next steps with Alternative Foundation
- How to evaluate Alternative Foundation as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$5.3M
-6.7% YoY
Annual Giving
$325K
+30.0% YoY
Grant Count
6
+100.0% YoY
Avg Grant Size
$54K
-35.0% YoY
Under IRS private-foundation payout rules, Alternative Foundation reported a distributable amount of $344K for 2024 — the minimum it must pay out in qualifying distributions.
About Alternative Foundation
Based on IRS filings
Alternative Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Wilmington, DE. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $5.3M in total assets. In 2024, it awarded 6 grants totaling $325K. Net investment income was $232K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 6 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $5,287,328 | $5,664,083 | $3,208,810 |
| Revenue | $299,770 | $3,035,382 | $62,581 |
| Expenses | $676,525 | $580,109 | $784,511 |
| Qualifying Distributions | $606,665 | $547,396 | $739,823 |
| Net Investment Income | $231,630 | $52,892 | $33,873 |
| Distributable Amount | $343,800 | $171,835 | $195,404 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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
25 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Life Remodeled-a Nonprofit Corporation ($100,000), Developing Kingdoms in Different Stages ($80,000), Detroit Food & Entrepreneurship Academy ($60,000).
| Recipient | Purpose | Amount |
|---|---|---|
| LIFE REMODELED-A NONPROFIT CORPORATION Detroit, MI | General & Unrestricted | $100,000 |
| DEVELOPING KINGDOMS IN DIFFERENT STAGES Redford, MI | General & Unrestricted | $80,000 |
| DETROIT FOOD & ENTREPRENEURSHIP ACADEMY Detroit, MI | General & Unrestricted | $60,000 |
| NW GOLDBERG CARES Detroit, MI | General & Unrestricted | $45,000 |
| BAILEY PARK PROJECT Detroit, MI | General & Unrestricted | $30,000 |
| MIDNIGHT GOLF PROGRAM Bingham Farms, MI | General & Unrestricted | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Rachel Alternative | Dir, Sec, Treas | 40 | $103,000 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Alternative Foundation?
Alternative Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Wilmington, DE. It holds $5.3M in total assets as of 2024.
How large is Alternative Foundation?
As of 2024, Alternative Foundation holds $5.3M in total assets with $300K in annual revenue. It awarded 6 grants totaling $325K in 2024.
Where does Alternative Foundation operate?
Alternative Foundation has awarded grants in Massachusetts, Michigan.
What size grants does Alternative Foundation award?
In 2024, Alternative Foundation awarded 6 grants totaling $325K — an average of about $54K per grant, based on its IRS Form 990 filings.
How much is Alternative Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Alternative Foundation reported a distributable amount of $344K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Alternative Foundation's EIN?
Alternative Foundation's EIN (Employer Identification Number) is 83-3128471. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.