Public Charity

ALT FINANCE CORPORATION

ALT FINANCE CORPORATION is a Public Charity headquartered in LOS ANGELES, CA. Financial data from the 2024 filing: $9.5M revenue, $9.2M expenses, $14.1M total assets. 4 publicly reported grants to this organization, totaling roughly $12.0M, appear in IRS filings.

EIN: 863974526 LOS ANGELES, CA Latest filing: 2024
Total Revenue$9.5M
Total Expenses$9.2M
Total Assets$14.1M
Grant Records4
Funding Total$12.0M
Filing Years2022–2024

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.

Sample Grants Received

ARES CHARITABLE FOUNDATION
2024
SUPPORT PROGRAMS FOR STUDENTS AND GRADUATES OF HISTORICALLY BLACK COLLEGES AND UNIVERSITIES.
$3,000,000
ARES CHARITABLE FOUNDATION
2023
SUPPORT PROGRAMS FOR STUDENTS AND GRADUATES OF HISTORICALLY BLACK COLLEGES AND UNIVERSITIES
$4,500,000
ARES CHARITABLE FOUNDATION
2022
SUPPORT PROGRAMS FOR STUDENTS AND GRADUATES OF HISTORICALLY BLACK COLLEGES AND UNIVERSITIES
$1,500,000
ARES CHARITABLE FOUNDATION
2021
SUPPORT PROGRAMS FOR STUDENTS AND GRADUATES OF HISTORICALLY BLACK COLLEGES AND UNIVERSITIES TO LEARN SKILLS NECESSARY TO ENTER INTO AND SUCCEED IN THE ALTERNATIVE ASSET MANAGEMENT INDUSTRY, AND SUPPORT GENERAL OPERATIONS OF THE ALT FINANCE FOUNDATION.
$3,000,000

Showing up to 5 of 4 total records — full history available with membership.

Officers & Directors

DIRECTOR Eddie Keith Iii
TREASURER Heather Berger
SECRETARY Jerilyn Mcaniff
VICE-CHAIR, CHAIR (AS OF MAY 2024) / VICE-PRESIDENT Jonathan B Simon
VICE-PRES. OF STRATEGY AND OPERATION / V-P, STRATEGY AND OPERATION Leslie Espy
EXECUTIVE DIRECTOR / PRESIDENT AND C.E.O. Marcus Shaw

Officer compensation and complete director data available with membership.

Top Grant Purposes

SUPPORT PROGRAMS FOR STUDENTS AND GRADUATES OF HISTORICALLY BLACK COLLEGES AND UNIVERSITIES
$6,000,000 2 grants
SUPPORT PROGRAMS FOR STUDENTS AND GRADUATES OF HISTORICALLY BLACK COLLEGES AND UNIVERSITIES.
$3,000,000 1 grant
SUPPORT PROGRAMS FOR STUDENTS AND GRADUATES OF HISTORICALLY BLACK COLLEGES AND UNIVERSITIES TO LEARN SKILLS NECESSARY TO ENTER INTO AND SUCCEED IN THE ALTERNATIVE ASSET MANAGEMENT INDUSTRY, AND SUPPORT GENERAL OPERATIONS OF THE ALT FINANCE FOUNDATION.
$3,000,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $9.5M $9.2M $14.1M
2023 $9.0M $5.5M $15.0M
2022 $9.0M $6.7M $11.0M

Between 2022 and 2024, reported annual revenue grew from $9.0M to $9.5M (+5%), with total assets most recently reported at $14.1M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for ALT FINANCE CORPORATION

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