Form990-PF


Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 01-01-2021 , and ending 12-31-2021
Name of foundation
Ally Charitable Foundation
 
% MICHAEL RIZER
Number and street (or P.O. box number if mail is not delivered to street address)601 South Tryon Street
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Charlotte, NC28202
A Employer identification number

84-4571035
B Telephone number (see instructions)

(980) 312-8320
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$83,339,784J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 56,673,058
2 Check bullet.............
3 Interest on savings and temporary cash investments 12,234 12,234  
4 Dividends and interest from securities... 695,172 695,172  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -3,701,484
b Gross sales price for all assets on line 6a 29,822,516
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 53,678,980 707,406  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 91,744      
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 91,744 0   0
25 Contributions, gifts, grants paid....... 10,006,725 6,653,058
26 Total expenses and disbursements. Add lines 24 and 25 10,098,469 0   6,653,058
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 43,580,511
b Net investment income (if negative, enter -0-) 707,406
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 581,001 5,447,454 5,447,454
2 Savings and temporary cash investments.........      
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 30,396,000 Click to see attachment77,892,330 77,892,330
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment43,479 Click to see attachment0 Click to see attachment0
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 31,020,480 83,339,784 83,339,784
Liabilities 17 Accounts payable and accrued expenses.......... 1,001 9,833
18 Grants payable................. 580,000 3,528,667
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment0 Click to see attachment38,432
23 Total liabilities (add lines 17 through 22)......... 581,001 3,576,932
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 30,439,479 79,762,852
29 Total net assets or fund balances (see instructions)..... 30,439,479 79,762,852
30 Total liabilities and net assets/fund balances (see instructions). 31,020,480 83,339,784
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
30,439,479
2
Enter amount from Part I, line 27a .....................
2
43,580,511
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
5,892,862
4
Add lines 1, 2, and 3 ..........................
4
79,912,852
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
150,000
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
79,762,852
Form 990-PF (2021)
Form 990-PF (2021)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES   2020-12-18 2021-01-11
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 29,822,516   33,524,000 -3,701,484
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       -3,701,484
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 -3,701,484
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Form 990-PF (2021)
Form 990-PF (2021)
Page 4
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 9,833
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 9,833
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a  
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 10,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 10,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 56
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 111
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet111 RefundedBullet 11  
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? Click to see list of attachments....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changesClick to see list of attachments....
3
Yes
 
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.Click to see list of attachments
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletMI, NC
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.ALLY.COM/ABOUT/SOCIAL-IMPACT/GRANTS/
    14
    The books are in care ofbulletMICHAEL RIZER Telephone no.bullet (980) 312-8320

    Located atbullet601 SOUTH TYRON STREETCHARLOTTENC ZIP+4bullet28202
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2021, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
    Yes
     
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
     
    No
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)? ......................
    1a(5)
     
    No
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.) ...............
    1a(6)
     
    No
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
    1b
     
    No
    c
    ........bullet
    d
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2021? .............
    1d
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
    No
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2021.) .....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    No
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
    5b
     
     
    c
    .........bullet
    d
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant? .................
    5d
     
     
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract? .............................
    6a
     
    No
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    7a
     
    No
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .........................
    8
     
    No
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    MICHAEL RIZER PRESIDENT
    30.0     		0 0 0
    601 SOUTH TRYON STREET
    CHARLOTTE,NC28202
    JAN BERGESON VICE PRESIDENT
    5.0     		0 0 0
    200 West Civic Center Drive
    Sandy,UT84070
    JACQUELINE HOWARD SECRETARY
    5.0     		0 0 0
    500 Woodward Avenue
    Detroit,MI48226
    MEGHAN RYAN TREASURER
    5.0     		0 0 0
    601 South Tryon Street
    Charlotte,NC28202
    JOYCE DANIELS ASSISTANT SECRETARY
    5.0     		0 0 0
    500 Woodward Avenue
    Detroit,MI48226
    MARY FRENCH ASSISTANT SECRETARY
    5.0     		0 0 0
    601 SOUTH TRYON STREET
    CHARLOTTE,NC28202
    ANDREA BRIMMER DIRECTOR
    5.0     		0 0 0
    500 WOODWARD AVENUE
    DETROIT,MI48226
    JENNIFER LACLAIR DIRECTOR
    5.0     		0 0 0
    601 SOUTH TRYON STREET
    CHARLOTTE,NC28202
    DIANE MORAIS DIRECTOR
    5.0     		0 0 0
    601 SOUTH TRYON STREET
    CHARLOTTE,NC28202
    ALISON SUMMERVILLE DIRECTOR
    5.0     		0 0 0
    601 SOUTH TRYON STREET
    CHARLOTTE,NC28202
    JAY FRUCCI ASSISTANT TREASURER
    5.0     		0 0 0
    500 Woodward Avenue
    Detroit,MI48226
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
     
    Total number of other employees paid over $50,000...................bullet  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
     
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part VIII-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part VIII-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    41,627,700
    b
    Average of monthly cash balances.......................
    1b
    21,122,353
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    62,750,053
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    62,750,053
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    941,251
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    61,808,802
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    3,090,440
    Part X
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part IX, line 6..................
    1
    3,090,440
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    9,833
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    9,833
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    3,080,607
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    3,080,607
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
    7
    3,080,607
    Part XI
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
     
    b
    Program-related investments—total from Part VIII-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4.
    4
     
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 9
    Part XII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2020     		(c)
    2020     		(d)
    2021
    1 Distributable amount for 2021 from Part X, line 7 3,080,607
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 0
    b Total for prior years:2019, 2018, 2017 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016......  
    b From 2017......  
    c From 2018......  
    d From 2019......  
    e From 2020...... 1,640,127
    f Total of lines 3a through e ........ 1,640,127
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 6,653,058
    a Applied to 2020, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2021 distributable amount..... 3,080,607
    e Remaining amount distributed out of corpus 3,572,451
    5 Excess distributions carryover applied to 2021.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 5,212,578
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 2016 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		5,212,578
    10 Analysis of line 9:
    a Excess from 2017....  
    b Excess from 2018....  
    c Excess from 2019....  
    d Excess from 2020.... 1,640,127
    e Excess from 2021.... 3,572,451
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2021, enter the date of the ruling ....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part IX, line 6 for each year listed ..     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XIV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    NONE
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    NONE
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    ALLY CHARITABLE FOUNDATION
    601 SOUTH TRYON STREET
    CHARLOTTE,NC28202
    (980) 312-8320
    bThe form in which applications should be submitted and information and materials they should include:
    APPLICATIONS SHOULD BE SUBMITTED ONLINE BY VISITING WWW.ALLY.COM/ABOUT/SOCIAL-IMPACT/GRANTS/
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    THE ORGANIZATION MUST HAVE AN APPROVED 501(C)(3) TAX EXEMPT PUBLIC CHARITY STATUS.
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 11
    Part XIV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    100 Black Men of Greater Detroit Inc
    1 FORD PLACE
    DETROIT,MI48202     		NONE PC Project Success Mentoring Program 15,000
    ABA Community Engagement Foundation
    1120 Connecticut Avenue NW
    Washington,DC20036     		None PC Get Smart About Credit for Virtual Learners 25,000
    ASPIRE Community Capital
    1800 Camden Road 107-153
    Charlotte,NC28203     		None PC Community Business Academy & Business Accelerator Services for Entrepreneurs 28,000
    Big Brothers Big Sisters of Central Carolinas
    3801 East Independence Blvd
    Charlotte,NC28205     		None PC Big Brother Big Sister Partnership Beyond School Walls 38,000
    Big Brothers Big Sisters of Metropolitan Detroit
    2470 Collingwood Street
    Suite 218
    Detroit,MI48206     		None PC Site-based mentoring project 100,000
    Cass Community Social Services Inc
    11745 Rosa Parks Blvd
    Detroit,MI48206     		None PC Sustainability Institute - Year 2 50,000
    Charlotte Family Housing
    300 Hawthorne Lane
    Charlotte,NC28204     		None PC General Operating Support for Charlotte Family Housing 25,000
    Communities in Schools of Charlotte-Mecklenburg
    601 East 5th Street
    Suite 300
    Charlotte,NC28202     		None PC Championing Mecklenberg Community Youth 20,000
    Community Link Programs of Travelers Aid Society
    601 East 5th Street
    Suite 200
    Charlotte,NC28202     		None PC Advancing Economic Mobility and Financial Inclusion Through Asset Building 50,000
    Covenant House Michigan
    2959 Martin Luther King Jr Blvd
    Detroit,MI48208     		None PC Caritas Crisis Shelter 25,000
    Cranbrook Educational Community
    39221 Woodward Avenue
    Bloomfield Hills,MI48304     		None PC Money on the Go! Program 20,000
    Detroit Employment Solutions Corporation
    115 Erskine Street
    2nd Floor
    Detroit,MI48201     		None PC Grow Detroit's Young Talent (GDYT) - Career Academy Pilot (CAP) 50,000
    Detroit Impact Inc Money Matters for Youth
    9930 Greenfield Road
    Detroit,MI48227     		None PC Money Matters For Youth Summer Camp 2021 50,000
    Digi-Bridge
    1026 Jay Street
    Suite B-128
    Charlotte,NC28206     		None PC #STEAM Powered Scholars & Families at Bruns Avenue Elementary with Ally Financial 25,000
    Downtown Boxing Gym Youth Program
    6445 East Vernor Highway
    Detroit,MI48207     		None PC Prep for Success Pupils to Professionals Program 25,000
    Emerging Industries Training Institute
    5555 Conner Street
    Suite 1646
    Detroit,MI48213     		None PC Expanding Training Capacity in High Demand Focus Area 50,000
    Give Merit Inc
    10100 Grand River
    Detroit,MI48204     		None PC Merit Park, Creating Platforms for Youth to Create Their Own Future Through Mentorship and Skill Development 1,050,000
    Gleaners Community Food Bank of Southeastern Michi
    2131 Beaufait Street
    Detroit,MI48207     		None PC Gleaners Food Response for Economic Mobility 25,000
    Goodwill Industries of Greater Detroit
    3111 Grand River Avenue
    Detroit,MI48208     		None PC Goodwill's Flip the Script Educational Recovery Program 25,000
    Goodwill Industries of the Southern Piedmont Inc
    5301 Wilkinson Blvd
    Charlotte,NC28208     		None PC Goodwill Construction Skills Training Center, Paid Work Experience 25,000
    Greater Steps Scholars
    220 North Tryon Street
    Charlotte,NC28202     		None PC CHASF Mentor & Career Readiness Program, Greater Steps Scholars Mentor & Career Readiness Program 10,000
    MeckEd
    5104 Reagan Drive
    Suite 12
    Charlotte,NC28206     		None PC Career Pathways for Economic Mobility 15,000
    Michigan Council of Women in Technology Foundation
    1 Towne Square
    6th Floor
    Southfield,MI48076     		None PC Girls Exploring Together - Information Technology (GET-IT) Clubs and Girls GET-IT Day 15,000
    Midnight Golf Program
    30100 Telegraph Road
    Suite 404
    Bingham Farms,MI48025     		None PC MGP; College, Career, Beyond 50,000
    NAF
    218 West 40th Street
    5th Floor
    New York,NY10018     		None PC Affording Economic Opportunity to Detroit Youth through NAF Career Academies 15,000
    North Carolina Council on Economic Education
    8380 Six Forks Road
    Suite 102
    Raleigh,NC27615     		None PC Financial Literacy for LMI Students and Teachers 50,000
    R Bruce Irons Camp Fund DBA Wayfinders
    725 Providence Road
    Charlotte,NC28207     		None PC College and Career Readiness for Low Income High School Students 15,000
    Roof Above Inc
    945 North College Street
    Charlotte,NC28206     		None PC Ending Homelessness with Housing 30,000
    Success In Education Foundation
    111 East Broadway
    Suite 900
    Salt Lake City,UT84111     		None PC Code to Success program 50,000
    Supportive Housing Communities Inc
    601 East 5th Street
    Suite 255
    Charlotte,NC28202     		None PC Supported Employment and General Operating Support For Supportive Housing Communities 60,000
    The Relatives Inc
    119 East 8th Street
    Charlotte,NC28202     		None PC Guiding Youth in Crisis to Safety, Stability, and Independence & "Ramp it Up" The Relatives Capital Campaign for a New On Ramp Resource Center 130,000
    The Salvation Army
    615 Slaters Lane
    Alexandria,VA22314     		None PC The Salvation Army Client Financial Empowerment Project 25,000
    Urban League of Central Carolinas
    740 West 5th Street
    Charlotte,NC28202     		None PC Addressing the Racial Wealth gap Through Digital Workforce Development and Financial Empowerment 30,000
    Wayne State University
    42 West Warren Avenue
    Detroit,MI48202     		None PC Corporate Mentors Program, Powered by Ally 2021 - 2024 50,000
    Winning Futures
    27500 Cosgrove Drive
    Warren,MI48092     		None PC Winning Futures Workforce Prep Program 25,000
    Working In Support of Education
    227 East 56th Street
    Suite 201
    New York,NY10022     		None PC Financial Literacy Certification Program in Charlotte, North Carolina 25,000
    Young Womens Christian Association of the Central
    3420 Park Road
    Charlotte,NC28209     		None PC YWCA's Transitional Housing Programs - Case Management and Financial Literacy 25,000
    Accounting Aid Society
    3031 West Grand Boulevard
    Suite 470
    Detroit,MI48202     		None PC Low Income Taxpayer Clinic Expanded Outreach and Education 5,000
    AFSA Education Foundation
    919 18th Street North West
    Washington,DC20006     		None PC Money Skill Program Expansion 30,000
    Alternative for Girls
    903 West Grand Boulevard
    Detroit,MI48208     		None PC Financial Education Services for High Risk-Women in Detroit 10,000
    Apparo Solutions Inc
    1117 East Morehead Street Suite 100
    Charlotte,NC28204     		None PC Community Impact Project: Fashion and Compassion 10,000
    Atrium Health Foundation
    208 East Boulevard
    Charlotte,NC28203     		None PC Rise to Success Workforce Development Program 25,000
    Beatties Ford Road Vocational Trade Center
    1406 Beatties Ford Road
    Charlotte,NC28216     		None PC Toolbag for Success 25,000
    Beds for Kids Inc
    4200 Barringer Drive
    Charlotte,NC28217     		None PC Beds for Kids 10th Anniversary Celebration 25,000
    Buildon
    2200 Hunt Street
    Detroit,MI48207     		None PC Youth Financial Literacy Education and Servicing 20,000
    Campus Pride Inc
    PO Box 240473
    Charlotte,NC28224     		None PC Campus Pride Career Connect: Online Mentorship, Career Prep and Job Readiness 30,000
    Carolina Farm Trust
    9627 Willow Leaf Lane
    Cornelius,NC28031     		None PC Farm Apprenticeship Program 15,000
    Caught Up
    5811 Grayton Street
    Detroit,MI48224     		None PC Project Empowerment 27,000
    Charlotte Rescue Mission
    PO Box 33000
    Charlotte,NC28233     		None PC Community Matters Caf Life-Skills Training Program, and Miracle at Cedar Street 110,000
    City Startup Labs Inc
    9319 Robert D Snyder Road
    Charlotte,NC28223     		None PC The Reep Business in a Box 25,000
    Congressional Black Caucus Foundation Inc
    1720 Massachusetts Avenue North Wes
    Washington,DC20036     		None PC The Law and Public Policy Scholars Program 46,000
    COTS
    26 Peterboro
    Detroit,MI48201     		None PC Ensuring Housing Stability for COTS Families 30,000
    Crisis Assistance Ministry
    500-A Spratt Street
    Charlotte,NC28206     		None PC Economic Mobility Program 50,000
    Detroit Cristo Rey High School Inc
    5679 West Vernor Highway
    Detroit,MI48209     		None PC Corporate Work Study Program 15,000
    CrossRoads For Affordable Housing and Community De
    3623 Latrobe Dr Suite 208
    Charlotte,NC28211     		None PC Community Revitalization and Equitable Development Within Grier Heights 25,000
    Detroit Zoological Study
    8450 West 10 Mile Road
    Royal Oak,MI48067     		None PC Environmental Stewards Interns (ESI) 10,000
    Filmnorth
    550 Vandalia Street Suite 120
    Saint Paul,MN55114     		None PC Mecklenburg County Film Project 80,000
    For The Struggle Inc
    2220 English Drive
    Charlotte,NC28216     		None PC Elder Response Initiative 30,000
    Fort Street Presbyterian Church
    631 West Fort Street
    Detroit,MI48226     		None PC Holistic, Healthy, and Ready to Thrive 20,000
    Foundation For Girls
    906 Dacavin Drive
    Charlotte,NC28226     		None PC Economically Empowering Single Mothers 15,000
    Friendship Community Development Corp
    3239 Beatties Ford Road
    Charlotte,NC28216     		None PC My Sisters House-Transitional living Program 35,000
    Gardhouse Limited
    809 West Hill Street Suite C-159
    Charlotte,NC28208     		None PC Dream on Three: Workforce Development for College Students of Color 30,000
    Henry Ford Health System
    1 Ford Place 5A
    Detroit,MI48202     		None PC Henry Ford Health System Apprenticeship Programs and COVID-19 Emergency Response 50,000
    Home Again Foundation Inc
    7427 Matthews Mint Hill RD Suite 10
    Charlotte,NC28227     		None PC New Beginnings Community 30,000
    Hope Haven Inc
    3815 North Tryon Street
    Charlotte,NC28206     		None PC Vocational Training and Job Preparedness 15,150
    Intech Foundation Inc
    5009 Beatties Ford Road
    Charlotte,NC28216     		None PC 2021 Intech Academy 20,000
    Jars Full of Joy River Rouge School District
    1460 Coolidge Highway
    River Rouge,MI48218     		None PC Jars Full of Joy/River Rouge Summer Youth Employment Program 31,075
    Journi Incorporated
    440 Burroughs St
    Detroit,MI48202     		None PC Metro Detroit More Than Code 25,000
    Junior Achievement USA
    1 Education Way
    Colorado Springs,CO80906     		None PC 2021 Ally Employee Engagement via JA Programming 113,000
    Lawn Academy
    2470 Collingwood Street
    Detroit,MI48206     		None PC East Detroit Youth Development Hub 35,000
    Leading on Opportunity (Foundation for the Carolin
    220 North Tryon Street
    Charlotte,NC28202     		None PC Leading on Opportunity 90,000
    MedAssist of Mecklenburg
    4428 Taggart Creek Road Suite 101
    Charlotte,NC28208     		None PC Free Pharmacy Program for low-income, uninsured NC residents 20,000
    Michigan College Access Network
    200 North Washington Square
    Lansing,MI48933     		None PC How to Reach Hillman 25,000
    Midtown Detroit Inc
    3939 Woodward Suite 100
    Detroit,MI48201     		None PC West Grand & Holden Corridor Home Repair Program 27,500
    MK Level the Playing Field Institute
    2148 Broadway
    Oakland,CA94612     		None PC SMASH Rising - Workforce Exposure and Paid Internship Program 25,000
    National Association Of Investors Corporation
    570 Kirts Boulevard Suite 237
    Troy,MI48084     		None PC Investing in Communities of Color with ACE 55,000
    Opportunity Resource Fund
    330 Marshall Street Suite 105
    Lansing,MI48912     		None PC Justice Fund Initiative Homeownership Program 25,000
    Premier Foundation of North Carolina
    3010 Monroe Road Suite 101
    Charlotte,NC28205     		None PC Wellness Services 25,000
    Prosperous Detroit Micro Lending
    684 West Baltimore Street
    Detroit,MI48202     		None PC ProsperUS Proving Concept Financial Coaching for Entrepreneurs 25,000
    Queens University of Charlotte
    1900 Selwyn Avenue
    Charlotte,NC28274     		None PC A Partnership Between Queens University and Ally to Acknowledge the Legacy of Racism and Create a Meaningful Dialouge Across Differences 20,000
    Racquet Up Detroit
    PO Box 11404
    Detroit,MI48211     		None PC Racquet Up Detroit Career Readiness and Youth Employment Program 10,000
    Rain Inc
    601 East 5th Street
    Charlotte,NC28202     		None PC Affordable Housing for People Living with HIV in Charlotte 20,000
    Rebuilding Together
    999 North Capitol Street NE Suite 3
    Washington,DC20002     		None PC Building a Healthy Neighborhood (BAHN) 50,000
    Renaissance West Community Initiative
    3610 Nobles Avenue
    Charlotte,NC28208     		None PC Cradle to Cradle to Career Success Programmingareer Success Programming 50,000
    Road2Hire
    1423 Red Ventures Drive
    Fort Mill,SC29707     		None PC Road to Hire Cybersecurity Apprenticeship Program 90,000
    SIFMA Foundation
    120 Broadway FL 35
    New York,NY10271     		None PC Ally Invest and SIFMA Foundation: Expanding Social & Financial Capital for Youth 50,000
    SME Education Foundation
    1000 Town Center
    Southfield,MI48075     		None PC SME Education Foundation PRIME 25,000
    SouthWest Economic Solutions
    2835 Bagley Suite 800
    Detroit,MI48216     		None PC Integrated Approach to First Time Homebuyer Development 20,000
    The Boost Pad
    933 Louise Avenue Suite 101 F
    Charlotte,NC28204     		None PC Boost Pad Cohort 2-2021 50,000
    The Greening of Detroit
    13000 West McNichols
    Detroit,MI48235     		None PC Detroit Conservation Corps Workforce Training Program 35,000
    The Harvest Center of Charlotte Inc
    PO Box 668208
    Charlotte,NC28208     		None PC Charlotte Passport Program 25,000
    The Knothole Foundation Inc
    7531 Tuckaseegee Road
    Charlotte,NC28214     		None PC Tuckaseegee Dream Fields and Education Center 15,000
    The Man to Man Project Inc
    500 River Place Drive 5154
    Detroit,MI48207     		None PC The Ground up Project 25,000
    Three Pillars
    306 East 4th Street
    Royal Oak,MI48067     		None PC Workforce Preparedness 25,000
    Thurgood Marshall College Fund
    901 F Street Northwest Suite 700
    Washington,DC20004     		None PC TMCF-Ally Moguls in the Making (2021-2023) 253,333
    TMCF-Ally Financial Early Innovators Program
    901 F Street Northwest Suite 700
    Washington,DC20004     		None PC Thurgood Marshall College Fund 67,000
    TMCF-Ally Financial Legal Scholars Program
    901 F Street Northwest Suite 700
    Washington,DC20004     		None PC Thurgood Marshall College Fund 46,000
    TMCF-Ally Moguls in the Making
    901 F Street Northwest Suite 700
    Washington,DC20004     		None PC Thurgood Marshall College Fund 115,000
    UGF Institute Inc
    299 South Main Suite 357
    Salt Lake City,UT84111     		None PC Atlanta Expansion 200,000
    United Way of Central Carolinas Inc
    PO Box 890685
    Charlotte,NC28289     		None PC Community Organizing to Build Power 25,000
    Veterans Bridge Home
    5260 Parkway Plaza Boulevard
    Charlotte,NC28217     		None PC Ready ! Vet ! Go ! Veteran/Veteran Spouse Readiness Program 20,000
    Vista Maria
    20651 West Warren Avenue
    Dearborn Heights,MI48127     		None PC Sheperd Hall Transitional Living Program for young women who have aged out of the foster care system or who are homeless 25,000
    West Side CLT
    PO Box 668023
    Charlotte,NC28266     		None PC West Side CLT's Gilbert St. Project 25,000
    AAA Fair Credit Foundation
    136 East South Temple
    Suite 1400
    Salt Lake City,UT84111     		None PC Financial Success in Salt Lake (FSSL) 15,000
    Accelerate 500 Inc
    1100 15th Street
    Washington,DC20005     		None PC 3Rs Program Growth 15,000
    Alliance House Inc
    1724 South Main Street
    Salt Lake City,UT84115     		None PC 2022 Access Program 10,000
    Artspace
    230 South 500 West
    Suite 235
    Salt Lake City,UT84101     		None PC Artspace Operational Support 15,000
    Bountiful Community Food Pantry
    480 East 150 North
    North Salt Lake,UT84054     		None PC Pantry Smiles Donated Dental Program 15,000
    Boys and Girls Club of Greater Salt Lake
    PO Box 57071
    Murray,UT84157     		None PC Academic Success Youth Development Programs 30,000
    California Community Economic Development Assoc
    244 South San Pedro Street
    Suite 412
    Los Angeles,CA90012     		None PC Small Business Pandemic Recovery Program/CDFI Diversity and Inclusion Initiative 10,000
    CAMEO (California Association For Microenterprise
    1 Hallidie Plaza
    Suite 715
    San Francisco,CA94102     		None PC COVID-response and relief programs that build vibrant business ecosystems 10,000
    CDC Small Business Finance (CDCSBF)
    2448 Historic Decatur Road
    Suite 200
    San Diego,CA92106     		None PC Bridging the Wealth Gap for Black, Indigenous, People of Color (BIPOC) Entrepreneurs 10,000
    Children's Center
    79 West Alexandrine Street
    Detroit,MI48201     		None PC Therapeutic Preschool Program 15,000
    Christian Center of Park City
    1283 Deer Valley Drive
    Park City,UT84060     		None PC Basic Need Assistance and Goshute Humanitarian Outreach 20,000
    Community Action Services and Food Bank
    815 South Freedom Boulevard
    Suite 100
    Provo,UT84601     		None PC Homebuyer Education and Financial Learning 15,000
    Community Development Corporation of Utah
    501 East 1700 Street
    Salt Lake City,UT84105     		None PC Housing Counseling 25,000
    Community Nursing Services
    2830 South Redwood Road
    Suite A
    West Valley City,UT84119     		None PC Charity Care Program 15,000
    Comunidades Unidas
    1750 West Research Way
    Suite 102
    West Valley City,UT84116     		None PC Comunidades Unida's Family Emergency Fund 15,000
    Crossroads Urban Center
    347 South 400 East
    Salt Lake City,UT84111     		None PC Emergency Services for People in Need 15,000
    First Step House
    440 South 500 East
    Salt Lake City,UT84102     		None PC First Step House Primary Care Integration (PCI) Program 20,000
    Flourish Bakery Flourish Ventures
    752 West Center Street
    Suite B
    Midvale,UT84047     		None PC Flourish Bakery Intern Program Expansion Initiative 10,000
    Friends of Switchpoint
    948 North 1300 W
    St George,UT84770     		None PC Harris Community Village 30,000
    Guadalupe School
    1385 North 1200 W
    Salt Lake City,UT84116     		None PC Guadalupe School's Early Learning Center & Adult Education Programs 2021-2023 20,000
    Habitat for Humanity of Summit and Wasatch Countie
    PO Box 682704
    Park City,UT840682704     		None PC Silver Creek Village Affordable Housing Project and Financial Literacy Training Program 10,000
    Holy Cross Ministries
    860 East 4500 South
    Suite 204
    Salt Lake City,UT84107     		None PC HCM Early Childhood Education Services 20,000
    Impact Mental Health DBA Polizzi Foundation
    515 East 4500 South
    Suite G220
    Salt Lake City,UT84107     		None PC Community-based, free psychiatric treatment for low-income, uninsured individuals, and training site for future mental health professionals with emphasis on community psychiatry 25,000
    Inclusive Action for the City
    2900 East Cesar East Chavez Ave
    Los Angeles,CA90033     		None PC Small Business Technical Assistance for LA's Most Vulnerable Entrepreneurs 10,000
    Instituto De Avance Integral Latino CDC
    715 Brady Avenue
    Los Angeles,CA90022     		None PC Ideal Wealth Academy 5,000
    International Rescue Committee Inc
    PO Box 3988
    Salt Lake City,UT84110     		None PC SKI Business Recovery for New American Culinary Entrepreneurs 25,000
    Journey of Hope Inc
    8160 So Highland Drive
    Suite A-3
    Sandy,UT84093     		None PC Direct Services, including Case Management, Mentoring, Aftercare and Peer Support 20,000
    Junior Achievement of Utah Inc
    515 South 700 East
    Suite 1F
    Salt Lake City,UT84102     		None PC Junior Achievement K-6 Whole School In-Class Programs and JA City BizTown Program for At-Risk Schools 15,000
    Local Initiatives Support Corporation
    500 South Grand Avenue
    Los Angeles,CA90071     		None PC LISC LA Small Business and Economic Development 15,000
    Maliheh Free Clinic
    941 East 3300 South
    Salt Lake City,UT84106     		None PC 2022 Healthy Families Support Program 30,000
    Mission Economic Development Agency
    2301 Mission Street
    San Francisco,CA94110     		None PC General Operating Support 20,000
    Mountain Country Home Solutions
    1031 West Center Street
    Suite 302
    Orem,UT84057     		None PC Financial Stability Program 20,000
    Mountainlands Community Housing Association
    1960 Sidewinder Drive
    Suite 107
    Park City,UT84060     		None PC New Construction of 40 Permanently Affordable Apartments and 14 For-Sale Homes 15,000
    Neighborhood House Association
    1050 West 500 South
    Salt Lake City,UT84104     		None PC Neighborhood House Fee Assistance 25,000
    Neighborhood Housing Services of Los Angeles Count
    3926 Wilshire Boulevard 200 CA 9
    Los Angeles,CA90010     		None PC Financial Education & Counseling 15,000
    Orangewood Foundation
    1575 East 17TH Street 92
    Building A
    Santa Ana,CA92705     		None PC Rising Tide - Transitional Housing Programs 25,000
    Pacific Coast Regional Small Business Development
    3255 Wilshire Boulevard C
    Suite 1501
    Los Angeles,CA90010     		None PC PCR Small Business Development Center Technical Assistance 10,000
    Park City Tots Inc
    1850 Sidewinder Drive
    Suite 410
    Park City,UT84060     		None PC High-Quality Affordable Childcare for Workforce Families 15,000
    People Helping People
    205 North 400 W
    Salt Lake City,UT84103     		None PC People Helping People Employment Program 15,000
    Rural Community Assistance Corporation
    3120 Freeboard Drive
    Suite 201 Way
    West Sacramento,CA95691     		None PC Revitalization for Silver City, NM 20,000
    Rural Housing Development Corporation DBA Self-Hel
    63 North 400 West
    Provo,UT84601     		None PC Self-Help Housing in Central Utah 20,000
    Salt Lake Community Action Program DBA Utah Comm
    1307 South 900 Way
    Salt Lake City,UT84104     		None PC UCA Saut Training Program 20,000
    SPY Hop Productions Inc
    208 West Harvey Milk Boulevard
    Salt Lake City,UT84101     		None PC Spy Hop Multimedia Apprenticeship Programs 5,000
    St Anne's Center Inc
    269 West 33rd Street
    Ogden,UT84401     		None PC General Operating Support for Emergency Shelter and Food Services 23,000
    Suazo Business Center
    960 West 1700 South
    Salt Lake City,UT84104     		None PC Supporting Low- and Moderate-Income Entrepreneurs in Utah 20,000
    The Inn Between
    1216 East 1300 South
    Salt Lake City,UT84105     		None PC End of Life Care and Medical Respite for the Homeless 20,000
    Success in Education Foundation
    111 East Broadway
    Suite 900
    Salt Lake City,UT84111     		None PC Road to Success/Code to Success 75,000
    The Other Side Academy
    667 East 100 South
    Salt Lake City,UT84102     		None PC Removing Barriers to Self-Reliance 100,000
    The Road Home
    1415 South Main Street
    Salt Lake City,UT84115     		None PC Support for TRH Emergency Shelter & Resource Center Program 20,000
    Treehouse Children's Museum
    347 22ND Street
    Ogden,UT84401     		None PC Access Treehouse 2021 25,000
    Turn Community Services Inc
    423 West 800 South
    Salt Lake City,UT84101     		None PC Juniper Hills Day Program - Energy Efficient Upgrade & Repair Project 20,000
    UGF Institute Inc
    299 South Main
    Suite 357
    Salt Lake City,UT84111     		None PC Scholarships for Educational/Experiential learning 100,000
    Utah Housing Coalition Inc
    230 South 500 West
    Suite 216
    Salt Lake City,UT84101     		None PC UHC General Operations 10,000
    Utah Partners for Health
    8446 South Harrison Street
    Midvale,UT84047     		None PC Essential Primary Health Care Services for Low- to Moderate-Income Individuals 15,000
    Utah Shakespeare Festival (as part of Southern Uta
    351 West Center Street
    Cedar City,UT84720     		None PC Shakespeare-in-the-Schools: Much Ado About Nothing 20,000
    Volunteers of America Utah
    432 West Bearcat Drive
    Salt Lake City,UT84115     		None PC Youth Resource Center 15,000
    Wallace Stegner Academy
    980 South Bending River Road
    Salt Lake City,UT84104     		None PC WSA Afterschool Program 20,000
    Wasatch Community Gardens
    629 East 800 South
    Salt Lake City,UT84102     		None GOV Green Team Job Training Program 10,000
    Wasatch Homeless Healthcare
    409 West 400 South
    Salt Lake City,UT84101     		None PC Give One Raise Two 2021- essential needs, including COVID-19 recovery 50,000
    Women of the World
    415 East 3900 South UT
    Salt Lake City,UT84107     		None PC Self-Sufficiency Program 20,001
    WWWTHESHARINGPLACEORG
    1695 East 3300 South
    Salt Lake City,UT84106     		None PC West-side Grief Support Services for Youth 15,001
    Young Men's Christian Association of Northern Utah
    675 East 2100 South
    Suite 200
    Salt Lake City,UT84106     		None PC YMCA Afterschool Program 12,998
    The Salvation Army (Charlotte Area Command)
    4015 Stuart Andrew Blvd
    Charlotte,NC28217     		None PC COVID-19 Response 75,000
    Habitat for Humanity of The Charlotte Region
    3815 Latrobe Drive
    Charlotte,NC28211     		None PC The Meadows at Plato Price 250,000
    Total .................................bullet 3a 6,653,058
    bApproved for future payment
    Habitat for Humanity of The Charlotte Region
    3815 LATROBE DRIVE
    CHARLOTTE,NC28211     		NONE PC The Meadows at Plato Price 750,000
    WAYNE STATE UNIVERSITY
    5700 CASS AVENUE
    STE 1200
    DETROIT,MI48202     		NONE PC Corporate Mentors Program, powered by Ally 2021 - 2024 50,000
    Charlotte Mecklenburg Library Foundation
    310 N TRYON ST
    CHARLOTTE,NC28202     		NONE PC New Main Library 50,000
    ROOF ABOVE INC
    PO BOX 31335
    CHARLOTTE,NC28231     		NONE PC Close to Home Capital Campaign 25,000
    Thurgood Marshall College Fund
    901 F ST NW
    STE 700
    WASHINGTON,DC200041481     		NONE PC TMCF-Ally Moguls in the Making (2021- 2023) 391,667
    Thurgood Marshall College Fund
    901 F ST NW
    STE 700
    WASHINGTON,DC20004     		NONE PC TMCF-Ally Financial Early Innovators Program 67,000
    FOUNDATION FOR THE CAROLINAS
    220 N TRYON ST
    CHARLOTTE,NC28202     		NONE PC Mayor's Racial Equity Fund 2,000,000
    Housing Connect Fund
    3595 South Main Street
    Salt Lake City,UT84115     		None PC Bridging the Gap 10,000
    Senior Charity Care Foundation
    6905 South 1300 East 476
    Cottonwood Heights,UT84047     		None PC Mobile Vision Clinics 10,000
    Total .................................bullet 3b 3,353,667
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments ....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 12,234  
    4 Dividends and interest from securities ....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income .....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 -3,701,484  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) ..   -2,994,078  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    -2,994,078
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below?
    See instructions.
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2021)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2021
    Name of the organization
    Ally Charitable Foundation
     
    Employer identification number

    84-4571035
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990) (2021)
    Schedule B (Form 990) (2021) Page 2
    Name of organization
    Ally Charitable Foundation
          		Employer identification number
    84-4571035
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    ALLY BANK
    500 WOODWARD AVENUE
     
    DETROIT, MI48226

    		$ 52,986,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    ALLY FINANCIAL INC
    500 WOODWARD AVENUE
     
    DETROIT, MI48226

    		$ 3,687,058


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990) (2021)
    Schedule B (Form 990) (2021)
    Page 3
    Name of organization
    Ally Charitable Foundation
          		Employer identification number

    84-4571035
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990) (2021)
    Schedule B (Form 990) (2021)
    Page 4
    Name of organization
    Ally Charitable Foundation
          		Employer identification number

    84-4571035
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990) (2021)
    Additional Data


    Software ID:  
    Software Version:  

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2021 DepreciationSchedule
    Name:
    Ally Charitable Foundation
    EIN:
    84-4571035
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    Ally Charitable Foundation
    EIN:
    84-4571035
    Name of Stock End of Year Book Value End of Year Fair Market Value
    CLOUDFLARE STOCK 0 0
    ISHARES RUSSELL 2000 ETF 3,667,311 3,667,311
    ISHARES IBOXX HIGH YIELD CORP 2,939,459 2,939,459
    SPDR S&P 500 ETF TRUST 35,128,041 35,128,041
    VANGUARD TOTAL BOND MKT ETF 27,259,075 27,259,075
    VANGUARD FTSE DEVELOPED MKTS 7,124,759 7,124,759
    VANGUARD FTSE EMERGING MKTS 1,773,685 1,773,685

    TY 2021 OtherAssetsSchedule
    Name:
    Ally Charitable Foundation
    EIN:
    84-4571035
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    DEFERRED TAX ASSET 43,479 0 0


    TY 2021 OtherDecreasesSchedule
    Name:
    Ally Charitable Foundation
    EIN:
    84-4571035
    Description Amount
    OTHER ADJUSTMENTS 150,000


    TY 2021 OtherIncreasesSchedule
    Name:
    Ally Charitable Foundation
    EIN:
    84-4571035
    Description Amount
    UNREALIZED GAIN ON INVESTMENTS 5,892,862


    TY 2021 OtherLiabilitiesSchedule
    Name:
    Ally Charitable Foundation
    EIN:
    84-4571035
    Description Beginning of Year - Book Value End of Year - Book Value
    DEFERRED TAX LIABILITY 0 38,432


    TY 2021 TaxesSchedule
    Name:
    Ally Charitable Foundation
    EIN:
    84-4571035
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CURRENT EXCISE TAX EXPENSE 9,833      
    DEFERRED EXCISE TAX EXPENSE 81,911