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EIN 84-4571035

Ally Charitable Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Charlotte
State
North Carolina
Year formed
2020
Most recent tax filings
2023-12-01
NTEE code, primary
T21: Corporate foundations
Description
The Ally Charitable Foundation is a corporate foundation located in Charlotte, NC that primarily funds YWCA's transitional housing programs, which include case management and financial literacy, a youth resource center, YMCA afterschool programs in Salt Lake County, and WSA afterschool programs. Among its grantees are the Atrium Health Foundation and others. Last year, it made 172 grants.
Total revenues
$8,141,176
2023
Total expenses
$5,783,280
2023
Total assets
$81,746,335
2023
Num. employees
0
2023

Grants made by Ally Charitable Foundation

GranteeGrant descriptionAmount
Foundation for the CarolinasMayor's Racial Equity Initiative$400,000
United Way of Genesee County2022 Ally Challenge Recipient$350,000
The Other Side AcademyThe Other Side Village Community Center$250,000
...and 152 more grants made totalling $5,100,855

Who funds Ally Charitable Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Tournaments for CharityGeneral Support$500,000

Personnel at Ally Charitable Foundation

NameTitleCompensation
Michael RizerPresident$0
Jay FrucciAssistant Treasurer$0

Financials for Ally Charitable Foundation

RevenuesFYE 12/2023
Total grants, contributions, etc.$6,803,300
Investment income and dividends$2,019,805
Net rental income$0
Net gain from sale of non-inventory assets$-681,929
Gross sales of inventory$0
Miscellaneous revenues$0
Total revenues$8,141,176

Form 990s for Ally Charitable Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-13990PFView PDF
2022-122023-09-21990PFView PDF
2021-122022-09-15990PFView PDF
2020-122021-11-11990PFView PDF
Data update history
January 15, 2025
Received grants
Identified 1 new grant, including a grant for $500,000 from Tournaments for Charity
August 26, 2024
Posted financials
Added Form 990PF for fiscal year 2021
December 26, 2023
Received grants
Identified 1 new grant, including a grant for $392,055 from Tournaments for Charity
November 9, 2023
Posted financials
Added Form 990PF for fiscal year 2022
November 9, 2023
Updated personnel
Identified 5 new personnel
Nonprofit Types
Grantmaking organizationsPrivate foundationsCorporate foundationsPrivate non-operating foundationsCharities
Issues
No issues found
Characteristics
Provides grantsPartially liquidatedTax deductible donationsNo full-time employeesAccepts online donations
General information
Address
601 S Tryon St
Charlotte, NC 28202
Metro area
Charlotte-Concord-Gastonia, NC-SC
County
Mecklenburg County, NC
Website URL
ally.com 
Phone
(980) 312-8320
IRS details
EIN
84-4571035
Fiscal year end
December
Taxreturn type
Form 990-PF
Year formed
2020
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T21: Corporate foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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