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.
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
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 |
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 include Life Remodeled-a Nonprofit Corporation ($100,000), Developing Kingdoms in Different Stages ($80,000), Detroit Food & Entrepreneurship Academy ($60,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BAILEY PARK PROJECT DETROIT, MI | General & Unrestricted | $30,000 |
| DETROIT FOOD & ENTREPRENEURSHIP ACADEMY DETROIT, MI | General & Unrestricted | $60,000 |
| DEVELOPING KINGDOMS IN DIFFERENT STAGES REDFORD, MI | General & Unrestricted | $80,000 |
| LIFE REMODELED-A NONPROFIT CORPORATION DETROIT, MI | General & Unrestricted | $100,000 |
| MIDNIGHT GOLF PROGRAM BINGHAM FARMS, MI | General & Unrestricted | $10,000 |
| NW GOLDBERG CARES DETROIT, MI | General & Unrestricted | $45,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 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.
Explore Open Grants
Browse active grant opportunities in Alternative Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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