ALT FINANCE CORPORATION
AI Summary
ALT Finance Corporation is a 501(c)(3) grantmaking organization that focuses on relationship-based funding and operates by invitation only, meaning it does not accept unsolicited proposals. In 2024, the organization paid out a total of $1.1 million across 8 grantees. Nonprofits interested in potential funding opportunities can explore warm-introduction pathways through Impala's Funder Prospecting.
Mission Statement
ALT FINANCE CORPORATION ("ALTFINANCE") IS COMMITTED TO BUILDING AND EXPANDING PATHWAYS FOR STUDENTS AT HISTORICALLY BLACK COLLEGES AND UNIVERSITIES ("HBCU'S") 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.
Cause Areas
1
Leadership development
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See top causes for this funder's grantees, who else funds them, and their grants.
Explore this org's ecosystem
See top causes for this funder's grantees, who else funds them, and their grants.
Grantee
Total Funding
Funding Share
UNITED NEGRO COLLEGE FUND INC
WASHINGTON, DC
$2M
39%
MOREHOUSE COLLEGE
ATLANTA, GA
$625K
12%
THE HOWARD UNIVERSITY
Washington, DC
$515K
10%
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Total No. of Grants
6
Median 1st year grant
$500K
Median 2nd year grant
$125K
Top 3 Grants
Matched grants only
Grantee
Grant Size
Frequently Asked Questions
Can I submit an unsolicited grant proposal to ALT FINANCE CORPORATION?
No. ALT FINANCE CORPORATION does not accept unsolicited proposals. Funding is by invitation only.
Where does ALT FINANCE CORPORATION give?
ALT FINANCE CORPORATION primarily gives to organizations located in District Of Columbia, Georgia, and Florida. These states represent the largest share of the foundation’s grantmaking by dollars awarded. Additional geographic details are available to registered users.
What size are ALT FINANCE CORPORATION’s grants?
The largest share of grants from ALT FINANCE CORPORATION fall in the $250 thousand to $500 thousand range. The median first-year grant is about $500 thousand. More detailed grant size data is available to registered users.
How many grants does ALT FINANCE CORPORATION make each year?
In 2024, ALT FINANCE CORPORATION awarded about 6 grants, totaling nearly $1.1 million. More detailed grant metrics are available to registered users.
Who did ALT FINANCE CORPORATION fund recently?
In 2024, ALT FINANCE CORPORATION awarded grants to about 8 grantees. Recent grantees include UNITED NEGRO COLLEGE FUND INC, MOREHOUSE COLLEGE, and THE HOWARD UNIVERSITY. More detailed information on all recent recipients is available to registered users.
How do we apply to ALT FINANCE CORPORATION?
ALT FINANCE CORPORATION does not accept unsolicited proposals. Funding is by invitation only.