California · Public charity
Alt Finance Corporation
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…
- $2.2M
- Granted FY2024(still arriving)
- 6
- Itemized grants FY2024
- 1
- Organizations funded FY2023
- 0%
- First-time grantees FY2023
- Itemized, FY2024
- $1.1M
- The rest is grants the schedule does not break out
- Median grant, FY2024
- $250,000
- Largest grant, FY2024
- $250,000
- Organizations funded a year
- 1 to 5
- FY2022 to FY2023
- States reached, FY2024
- 6
- Total assets, FY2024
- $14M
How open it is to new grantees
In FY2023, 0% of the organizations Alt Finance Corporation funded were first-time grantees, receiving 0% of its grant dollars.
The numbers by year
| Fiscal year | Organizations funded | To those organizations | First-time grantees |
|---|---|---|---|
| FY2024still arriving | 6 | $1.1M | 67% |
| FY2023 | 1 | $829k | 0% |
| FY2022 | 5 | $3.2M | n/a |
What it funded, over time
Every grant placed by its stated purpose and the recipient’s mission, by year, FY2022 to 2024.
Top grantees
Largest recipients by total granted, FY2022 to FY2024, and the share of each one’s budget the grants supplied at peak.
| Grantee | Total granted | Years | Share of their budget |
|---|---|---|---|
| United Negro College Fund Inc | $2,036,710 | 2 | 1% |
| Morehouse College | $625,020 | 2 | 0% |
| The Howard University | $515,000 | 2 | 0% |
| Clark Atlanta University Inc | $500,000 | 1 | 0% |
| Spelman College | $500,000 | 1 | 0% |
| North Carolina a & T State University | $250,000 | 1 | n/a |
| Hampton University | $250,000 | 1 | 0% |
| Florida Agricultural and Mechanical University Term | $250,000 | 1 | n/a |
| Morgan State University | $250,000 | 1 | n/a |
Co-funders
Grantmakers whose grantees overlap with this funder’s far more than size alone predicts. Closer means stronger alignment; arcs show where they also fund each other. Here they form a set of overlaps that mostly run through this funder rather than between each other.
Open a dossier: Executive Leadership Council
How this is measured
About Alt Finance Corporation
- How much does Alt Finance Corporation give?
- Alt Finance Corporation reported 6 itemized grants totaling $1,140,000, out of $2,233,496 in total grant expense reported on the return in its FY2024 IRS filing. It funded between 1 and 5 organizations a year over FY2022 to FY2023.
- What does Alt Finance Corporation fund?
- By grant dollars over FY2022 to FY2024, its largest causes are Education (100%).
- Who are Alt Finance Corporation's largest grantees?
- By total granted over FY2022 to FY2024: United Negro College Fund Inc ($2.0M), Morehouse College ($625k), The Howard University ($515k).
- Does Alt Finance Corporation fund new organizations?
- In FY2023, 0% of the organizations it funded were first-time grantees.
- Which funders back the same organizations as Alt Finance Corporation?
- Its strongest co-funders, measured against what their size predicts, include Executive Leadership Council.
- Where is Alt Finance Corporation based?
- Alt Finance Corporation is based in CA.
Play a game based on Alt Finance’s filings →