Alt Finance Corporation
Public records show a registered, tax-exempt organization in good standing.
What it says it does
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.
- Income
- $9.5 million
- Spending
- $9.2 million
- Spent on programs
- 96%
- Reserves
- 17.5 months of spending
- Largest source of income
- donations and private grants, 95%
- Employees
- 8
- Volunteers
- 0
- Highest pay
- $445,000, president and c.e.o.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Strong: 100 out of 100. Higher than 86% of charities in its peer group (public benefit, $1m to $10m).
Reserves
35 of 35Spendable reserves would cover 17.5 months of spending.
Debt
20 of 20It owes 4% of what it owns.
Living within its means
15 of 15Income exceeded spending by 2% of income.
Income trend
15 of 15Income rose 5% on the year before.
Spending floor
15 of 1596% of spending went to programs and raising each dollar of donations cost 0 cents.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Strong: 100 out of 100. Higher than 70% of charities in its peer group (public benefit, $1m to $10m).
Independent board
25 of 256 of 7 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (4)
- $2.8 million spent. SCHOLARSHIP PROGRAM - THIS PROGRAM PROVIDES NEED-BASED AND MERIT-BASED SCHOLARSHIPS FOR ALTFINANCE FELLOWS, IN ADDITION TO INSTITUTIONAL GRANTS FOR THE ORGANIZATION'S PARTNER HBCU'S. NEARLY 60 STUDENTS RECEIVED SCHOLARSHIPS, AND 2,800 STUDENTS WERE IMPACTED BY THE INSTITUTIONAL INVESTMENT.
- $3.8 million spent. ALTFINANCE FELLOWSHIP PROGRAM - THIS PROGRAM SERVICES 118 STUDENTS BY PROVIDING THEM WITH TRAINING, MENTORSHIP, CAREER COACHING, AND SCHOLARSHIPS. THE ORGANIZATION HOSTS FIVE IN-PERSON WORKSHOPS A YEAR.
- $2.2 million spent. ALTFINANCE INSTITUTE - THE INSTITUTE PROVIDES CO-CURRICULAR LEARNING OPPORTUNITIES TO ALL INTERESTED HBCU STUDENTS TO INCREASE AWARENESS, SUPPORT INTEREST, AND CREATE PATHWAYS TO ALTERNATIVE INVESTMENT CAREERS. MANY OF THE INSTITUTE AMBASSADORS MEET IN PERSON ONCE A YEAR.
- $96,705 spent. THE LAMPLIGHTER SERIES IS A REGIONAL SALON INITIATIVE DESIGNED TO CONNECT ALTFINANCE'S ECOSYSTEM OF HBCU'S, PARTNER FIRMS, AND INDUSTRY LEADERS WHILE ELEVATING AWARENESS OF ALTFINANCE'S MISSION. EACH EVENT SERVES AS AN INTIMATE, HIGH-IMPACT GATHERING TO SHOWCASE ADVISORY BOARD MEMBERS, ENGAGE LP'S, AND STRENGTHEN RELATIONSHIPS ACROSS REGIONS. THESE SMALLER, CURATED EVENTS ARE TAILORED TO EACH LOCATION'S COMMUNITY AND ALUMNI PRESENCE, FEATURING HBCU PRESIDENTS, FIRM LEADERS, AND OTHER INFLUENTIAL VOICES AS SPEAKERS. THE FORMAT ENCOURAGES MEANINGFUL NETWORKING AND THOUGHT LEADERSHIP.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since September 2021.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.