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Alternative Foundation is a private corporation based in WILMINGTON, DE. The foundation received its IRS ruling in 2019. The principal officer is Foundation Source. It holds total assets of $5.3M. Annual income is reported at $1.8M. Total assets have grown from $232K in 2019 to $5.3M in 2024. The foundation is governed by 1 officer or trustee. The foundation operates in the area of philanthropy & grantmaking. Tax records are available from 2020 to 2024. Grantmaking is concentrated in Michigan. According to available records, Alternative Foundation has made 16 grants totaling $1M, with a median grant of $35K. The foundation has distributed between $227K and $540K annually from 2020 to 2023. Grantmaking activity was highest in 2022 with $540K distributed across 6 grants. Individual grants have ranged from $10K to $175K, with an average award of $64K. The foundation has supported 8 unique organizations. Grants have been distributed to organizations in Michigan and Massachusetts. Contributions to this foundation are tax-deductible.
Smallest Grant
$40K
Median Grant
$52K
Average Grant
$64K
Largest Grant
$103K
Based on 6 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Alternative Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 16 grants. Its grantmaking reaches organizations primarily in MI, MA.
Alternative Foundation has distributed a total of $1M across 16 grants. The median grant size is $35K, with an average of $64K. Individual grants have ranged from $10K to $175K.
The application deadline is HTTPS://FSREQUESTS.COM/ALTERNATIVEFOUNDATION. Https://fsrequests.com/alternativefoundation.
Alternative Foundation is headquartered in WILMINGTON, DE. While based in DE, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Rachel Alternative | Dir, Sec, Treas | $103K | $46K | $149K |
Total Giving
N/A
Total Assets
$5.3M
Fair Market Value
N/A
Net Worth
$5.3M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
16
Total Giving
$1M
Average Grant
$64K
Median Grant
$35K
Unique Recipients
8
Most Common Grant
$125K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Bailey Park ProjectGeneral & Unrestricted | Detroit, MI | $175K | 2023 |
| Developing Kingdoms In Different StagesGeneral & Unrestricted | Redford, MI | $50K | 2023 |
| Detroit Food & Entrepreneurship AcademyGeneral & Unrestricted | Detroit, MI | $25K | 2023 |
| Warren-Conner Development Coalition IncProject support for the McDougall Hunt Neighborhood | Detroit, MI | $98K | 2020 |
| Fenn School IncGeneral & Unrestricted | Concord, MA | $30K | 2020 |
| Keep Growing DetroitGeneral & Unrestricted | Detroit, MI | $20K | 2020 |
| Doing Development Differently In Metro DetroitGeneral & Unrestricted | Detroit, MI | $10K | 2020 |
| Street DemocracyGeneral & Unrestricted | Detroit, MI | $10K | 2020 |