GrantAuthority

Alt Finance Corporation

Grantmaking foundation in Los Angeles, California · EIN 86-3974526

Total giving
$2.2MTax year 2024
Grants made
6Tax year 2024
Total assets
$14MLatest reported
Latest IRS filing
2024Form 990 / 990-PF

Mission

ALTFINANCE IS COMMITTED TO BUILDING AND EXPANDING PATHWAYS FOR HBCU STUDENTS WHO ENTER THE ALTERNATIVE INVESTMENT INDUSTRY. BY PROVIDING HBCU COMMUNITIES WITH ACCESS TO SPECIALIZED CURRICULUM, VALUABLE NETWORKS, AND SUSTAINABLE FINANCIAL SUPPORT, ALTFINANCE OPENS PATHWAYS FOR HBCU TALENT TO PURSUE CAREERS IN INVESTING. THROUGH INDUSTRY-FOCUSED EDUCATION, EXPOSURE, AND HANDS-ON EXPERIENCE, ALTFINANCE EQUIPS STUDENTS WITH THE TOOLS FOR SUCCESS.

Quoted from the foundation's IRS filing.

Giving by year

$3.6M2022
$830K2023
$2.2M2024

Totals by tax year, rounded to two significant figures. Years without a reported total show the sum of grants itemized on the filing.

Top recipients

RecipientAmountTax year
Florida A&M University$250K2024
Hampton University$250K2024
Morgan State University$250K2024
North Carolina A&T University$250K2024
Morehouse College$130K2024

Amounts are rounded. The full grantee list (6 grants in 2024) is available with a free account.

Website: www.altfinance.com

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Similar foundations in California

Source: IRS Form 990 and 990-PF filings, tax year 2024. Also see this organization on ProPublica Nonprofit Explorer.