Ally Charitable Foundation
- Assets
- $31.0m
- Revenue
- $35.3m
- Investments
- $30.4m
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- Data as of
- 12/2020
- EIN
- 84-4571035
Organization Overview
Ally Charitable Foundation is located in Charlotte, NC. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ally Charitable Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2020, Ally Charitable Foundation has awarded 53 individual grants totaling $1,699,800. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary French Assistant Secretary | 5 | $0 | |
Jennifer Laclair Director | 5 | $0 | |
Joyce Daniels Assistant Secretary | 5 | $0 | |
Michael Rizer President | 30 | $0 | |
Jan Bergeson Vice President | 5 | $0 | |
Jacqueline Howard Secretary | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $35,298,800 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $43,479 |
| Total Revenue | $35,342,279 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $0 |
| Contributions, gifts, grants paid | $1,774,800 |
| Total expenses and disbursements | $1,774,800 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $581,001 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $43,479 |
| Total assets | $31,020,480 |
| Accounts payable and accrued expenses | $1,001 |
| Grants payable | $580,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $581,001 |
Grants Awarded
Over the last fiscal year, Ally Charitable Foundation has awarded $1,699,800 in support to 53 organizations.
| Grant Recipient | Amount |
|---|---|
LATINO ECONOMIC DEVELOPMENT CENTER PURPOSE: REBUILD AND HEAL MN | $200,000 |
Colorado Springs, CO PURPOSE: 2020 ALLY EMPLOYEE ENGAGEMENT VIA JA PROGRAMMING | $113,000 |
SOUTHERN BANCORP CAPITAL PARTNERS PURPOSE: SUPPORTING BLACK AND HISPANIC SMALL BUSINESS OWNERS IN LITTLE ROCK | $100,000 |
New York, NY PURPOSE: SUPPORTING BLACK AND HISPANIC OWNED SMALL BUSINESSES IMPACTED BY SOCIAL UNREST -TWIN CITIES | $100,000 |
Charlotte, NC PURPOSE: COVID-19 GENERAL OPERATING EXPENSES | $50,000 |
Detroit, MI PURPOSE: FOX FAMILY CENTER - SITE REMEDIATION | $50,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ally Charitable Foundation has recieved totaling $453,000.
| Awarding Organization | Amount |
|---|---|
Tournaments For Charity Dublin, OH PURPOSE: GENERAL SUPPORT | $453,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tennessee Health Foundation Inc Chattanooga, TN | $243,056,353 | $3,261,329 |
Masters Tournament Foundation Inc Augusta, GA | $56,432,291 | $20,283,494 |
Assisi Foundation Of Memphis Inc Memphis, TN | $238,137,134 | $32,851,811 |
Commonwealth Foundations Richmond, VA | $819,010 | $12,460,000 |
Carmax Foundation Richmond, VA | $6,340,369 | $9,797,991 |
Ingersoll-Rand Charitable Foundation Davidson, NC | $949,422 | $5,202,263 |
Speedwell Foundation Atlanta, GA | $165,926,993 | $26,115,784 |
Teleios Collaborative Network Flat Rock, NC | $1,937,761 | $5,692,077 |
Berry Charitable Foundation Greensboro, NC | $66,443,887 | $19,441,279 |
Mcleod Family Foundation Inc Roanoke, VA | $24,622,922 | $3,411,070 |
Petters Family Foundation Newport News, VA | $24,802,843 | $3,836,696 |
Louisiana First Horizon Foundation Memphis, TN | $16,881,232 | $5,299 |