Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2024
Open to Public Inspection
For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024
Name of foundation
ALLY CHARITABLE FOUNDATION
 
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 right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$89,622,818J 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) 6,888,000
2 Check right arrow.............
3 Interest on savings and temporary cash investments 240,018 240,018  
4 Dividends and interest from securities... 1,998,054 1,998,054  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 771,201
b Gross sales price for all assets on line 6a 9,985,544
7 Capital gain net income (from Part IV, line 2)... 771,201
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........ 9,897,273 3,009,273  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   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
List of Attached Documents:
// Content
138,066 0   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
64,463 62,946   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 202,529 62,946   0
25 Contributions, gifts, grants paid....... 4,319,149 6,888,000
26 Total expenses and disbursements. Add lines 24 and 25 4,521,678 62,946   6,888,000
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 5,375,595
b Net investment income (if negative, enter -0-) 2,946,327
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
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............. 1,001,258 711,005 711,005
2 Savings and temporary cash investments......... 5,527,611 4,361,251 4,361,251
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
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) right arrow  
Less: allowance for doubtful accounts right arrow        
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)....... 74,439,829 Click to see attachment
List of Attached Documents:
// Content
80,899,203 		80,899,203
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 595,846 Click to see attachment
List of Attached Documents:
// Content
3,620,948 		3,620,948
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
181,791 		Click to see attachment
List of Attached Documents:
// Content
30,411 		Click to see attachment
List of Attached Documents:
// Content
30,411
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 81,746,335 89,622,818 89,622,818
Liabilities 17 Accounts payable and accrued expenses.......... 7,489 72,803
18 Grants payable................. 5,003,000 1,139,000
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 right arrow)    
23 Total liabilities (add lines 17 through 22)......... 5,010,489 1,211,803
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 76,735,846 88,411,015
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
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    
29 Total net assets or fund balances (see instructions)..... 76,735,846 88,411,015
30 Total liabilities and net assets/fund balances (see instructions). 81,746,335 89,622,818
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
76,735,846
2
Enter amount from Part I, line 27a .....................
2
5,375,595
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
6,299,574
4
Add lines 1, 2, and 3 ..........................
4
88,411,015
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
88,411,015
Form 990-PF (2024)
Form 990-PF (2024)
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 P    
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 9,985,544   9,214,343 771,201
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       771,201
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 2 771,201
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  
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 right arrow 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) 1 40,954
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 0
3 Add lines 1 and 2........................... 3 40,954
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 40,954
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 30,329
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 18,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 48,329
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 286
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 7,089
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow7,089 Refundedright arrow 11 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
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? ....................
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. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
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 changes....
3
 
No
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.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet 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)
right arrowNC
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 2024 or the taxable year beginning in 2024? 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
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 addressright arrowWWW.ALLY.COM/ABOUT/SOCIAL-IMPACT/GRANTS/
14
The books are in care ofright arrowMICHAEL RIZER Telephone no.right arrow (980) 312-8320

Located atright arrow601 SOUTH TRYON STREETCHARLOTTENC ZIP+4right arrow28202
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, 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 right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
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
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
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 2024? .............
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 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 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
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 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 2024 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 2024.) .....................
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 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
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)
Yes
 
(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
 
No
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
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
Yes
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
List of Attached Documents:
// Content
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
30.00 		0 0 0
601 S TRYON STREET
CHARLOTTE,NC28202
JAN BERGESON VICE PRESIDENT
5.00 		0 0 0
200 WEST CIVIC CENTER DRIVE
SANDY,UT84070
SAMUEL LITTLE TREASURER
5.00 		0 0 0
601 S TRYON STREET
CHARLOTTE,NC28202
JAY FRUCCI ASSISTANT TREASURER
5.00 		0 0 0
500 WOODWARD AVENUE
DETRIOT,MI48226
JACQUELINE HOWARD SECRETARY
5.00 		0 0 0
500 WOODWARD AVENUE
DETRIOT,MI48226
JOYCE DANIELS ASSISTANT SECRETARY
5.00 		0 0 0
500 WOODWARD AVENUE
DETRIOT,MI48226
MARY FRENCH ASSISTANT SECRETARY
5.00 		0 0 0
601 S TRYON STREET
CHARLOTTE,NC28202
ALISON SUMMERVILLE DIRECTOR
5.00 		0 0 0
601 S TRYON STREET
CHARLOTTE,NC28202
ANDREA BRIMMER DIRECTOR
5.00 		0 0 0
500 WOODWARD AVENUE
DETRIOT,MI48226
DAVID DEBRUNNER DIRECTOR
5.00 		0 0 0
500 WOODWARD AVENUE
DETRIOT,MI48226
DIANE MORAIS DIRECTOR
5.00 		0 0 0
601 S TRYON STREET
CHARLOTTE,NC28202
LASHAUNA LOWRY DIRECTOR
5.00 		0 0 0
601 S TRYON STREET
CHARLOTTE,NC28202
LINDSAY YOUSIF DIRECTOR
5.00 		0 0 0
500 WOODWARD AVENUE
DETRIOT,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
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2024)
Form 990-PF (2024)
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
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
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 ON FEBRUARY 27, 2024, ALLY CHARITABLE FOUNDATION SIGNED A PROGRAM-RELATED INVESTMENT AGREEMENT WITH CHARLOTTE SMALL BUSINESS GROWTH FUND LLC AND CORRESPONDING PROMISSORY NOTE FOR $3,000,000. THIS LOAN INVESTMENT WILL SUPPORT THE CHARLOTTE MAYOR'S EQUITY INITIATIVES AND SUPPORT COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFI) THROUGH THE CREATION AND ONGOING DEVELOPMENT OF A SECONDARY MARKET FOR CDFI SMALL BUSINESS LOANS. 3,000,000
2 THE EFFECTIVE DATE OF THE PROGRAM-RELATED INVESTMENT AGREEMENT WITH CHARLOTTE HOUSING OPPORTUNITY INVESTMENT FUND II (CHOIF II) OCCURRED ON NOVEMBER 7, 2024. THE LOAN WILL HELP FACILITATE THE DEVELOPMENT OF AFFORDABLE HOUSING. 285,000
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow3,285,000
Form 990-PF (2024)
Form 990-PF (2024)
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
81,667,333
b
Average of monthly cash balances.......................
1b
4,635,779
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
86,303,112
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
86,303,112
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
1,294,547
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
85,008,565
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
4,250,428
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
4,250,428
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
40,954
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
40,954
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
4,209,474
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
4,209,474
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
4,209,474
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
6,888,000
b
Program-related investments—total from Part VIII-B..................
1b
3,285,000
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
10,173,000
Form 990-PF (2024)
Form 990-PF (2024)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2023 		(c)
2023 		(d)
2024
1 Distributable amount for 2024 from Part X, line 7 4,209,474
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019......  
b From 2020...... 1,640,127
c From 2021...... 3,572,451
d From 2022...... 4,381,715
e From 2023...... 3,494,241
f Total of lines 3a through e ........ 13,088,534
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 10,173,000
a Applied to 2023, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2024 distributable amount..... 4,209,474
e Remaining amount distributed out of corpus 5,963,526
5 Excess distributions carryover applied to 2024. 0 0
(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 19,052,060
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...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		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) ....... 		0
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		19,052,060
10 Analysis of line 9:
a Excess from 2020.... 1,640,127
b Excess from 2021.... 3,572,451
c Excess from 2022.... 4,381,715
d Excess from 2023.... 3,494,241
e Excess from 2024.... 5,963,526
Form 990-PF (2024)
Form 990-PF (2024)
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 2024, enter the date of the ruling ...... right arrow
 
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 IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2024 (b) 2023 (c) 2022 (d) 2021
         
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).)
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.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
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 (2024)
Form 990-PF (2024)
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 PL
DETROIT,MI482023450 		  PC PROJECT SUCCESS 20,000

A GIRL LIKE ME INC

19642 LYNDON ST
DETROIT,MI48223 		  PC EDUCATION AND WORK READINESS PROGRAM FOR TEEN AND YOUNG MOMS 10,000

ADA JENKINS FAMILIES AND CAREERS DEVELOPMENT CENTER INC

212 GAMBLE ST
DAVIDSON,NC28036 		  PC ECONOMIC MOBILITY 25,000

AFSA EDUCATION FOUNDATION

1750 H STREET NW SUITE 650
WASHINGTON,DC20006 		  PC MONEYSKILL PERSONAL FINANCE CURRICULUM: OUTREACH AND GROWTH EFFORT 20,000

ALLIANCE HOUSE INC

1724 S MAIN ST
SALT LAKE CTY,UT841151912 		  PC ACCESS PROGRAM 15,000

ALTERNATIVES FOR GIRLS

903 W GRAND BLVD
DETROIT,MI48208 		  PC SEW GREAT DETROIT 20,000

ARTSPACE

230 S 500 W SUITE 235
SALT LAKE CTY,UT84101 		  PC ARTSPACE OPERATIONAL SUPPORT 15,000

ASPIRE COMMUNITY CAPITAL

3124 MILTON RD SUITE 301 303
CHARLOTTE,NC28215 		  PC SMALL BUSINESS TECHNICAL ASSISTANCE 15,000

ATRIUM HEALTH FOUNDATION

208 EAST BOULEVARD
CHARLOTTE,NC28203 		  PC WORKFORCE DEVELOPMENT CENTER OF EXCELLENCE AND SCHOLARSHIP FUND 1,000,000

BEATTIES FORD ROAD VOCATIONAL TRADE CENTER (BEATTIES FORD ROAD COUNSELING)

1406 BEATTIES FORD RD
CHARLOTTE,NC282164550 		  PC TOOL BAG FOR SUCCESS 25,000

BIG BROTHERS BIG SISTERS OF CENTRAL CAROLINAS

3801 E INDEPENDENCE BLVD STE 101
CHARLOTTE,NC28205 		  PC BEYOND SCHOOL WALLS 20,000

BIG BROTHERS BIG SISTERS OF SOUTHEAST MICHIGAN

11 WEST MICHIGAN AVENUE
YPSILANTI,MI48197 		  PC ALLY FINANCIAL SITE-BASED (SIB) MENTORING 50,000

BOUNTIFUL COMMUNITY FOOD PANTRY

480 EAST 150 NORTH
BOUNTIFUL,UT84010 		  PC PANTRY PACKS 15,000

BOYS & GIRLS CLUBS OF GREATER SALT LAKE

PO BOX 57071
MURRAY,UT841570071 		  PC ACADEMIC SUCCESS YOUTH DEVELOPMENT PROGRAMS 10,000

BOYS & GIRLS CLUBS OF SOUTHEASTERN MICHIGAN

16500 TIREMAN AVENUE
DETROIT,MI48228 		  PC FINANCIAL LITERACY AT DON WEEKEND AND BEYOND 50,000

CAKEABLE CHARLOTTE INC

PO BOX 3548
MATTHEWS,NC28106 		  PC CAKEABLE VOCATIONAL TRAINING PROGRAM EXPANSION 15,000

CALIFORNIA ASSOCIATION FOR MICROENTERPRISE OPPORTUNITY

TWO EMBARCADERO CENTER 8TH FLOOR
SAN FRANCISCO,CA94111 		  PC CALIFORNIA ASSOCIATION FOR MICROENTERPRISE OPPORTUNITY 10,000

CALIFORNIA COMMUNITY ECONOMIC DEVELOPMENT ASSOCIATION

205 S BROADWAYSTE 800
LOS ANGELES,CA90012 		  PC CDFI DEVELOPMENT AND SUPPORT INITIATIVE 10,000

CALIFORNIA COMMUNITY REINVESTMENT CORPORATION

100 W BROADWAY STE 1000
GLENDALE,CA91210 		  PC SCHOLARSHIP AWARDS 25,000

CAROLINA YOUTH COALITION

6035 FLORENCE AVE
CHARLOTTE,NC28212 		  PC TORCH FELLOWS PROGRAM 15,000

CAUGHT UP

19950 MACK
GROSSE POINTE,MI48230 		  PC TRUST-BASED PHILANTHROPY - WORKFORCE DEVELOPMENT 50,000

CDC SMALL BUSINESS FINANCE (CDCSBF)

2448 HISTORIC DECATUR RD STE 200
SAN DIEGO,CA921066116 		  PC DRIVING INCLUSIVE ECONOMIC DEVELOPMENT THROUGH SMALL BUSINESS SUPPORT 10,000

CHARLOTTE BILINGUAL PRESCHOOL INC

6300 HIGHLAND AVE
CHARLOTTE,NC282154214 		  PC CHARLOTTE BILINGUAL PRESCHOOL WORKFORCE DEVELOPMENT PROGRAM 25,000

CHARLOTTE FAMILY HOUSING INC

300 HAWTHORNE LANE 3RD FLOOR
CHARLOTTE,NC28204 		  PC GENERAL OPERATING 15,000

CHARLOTTE REGIONAL BUSINESS ALLIANCE FOUNDATION

PO BOX 20103
CHARLOTTE,NC282020027 		  PC PROJECT ACCELERATE! 50,000

CHARLOTTE RESCUE MISSION

915 W 1ST ST
CHARLOTTE,NC28202 		  PC COMMUNITY MATTERS CAFE LIFE-SKILLS TRAINING PROGRAM 20,000

CHRISTIAN CENTER OF PARK CITY

PO BOX 683480
PARK CITY,UT840683480 		  PC GOSHUTE NATIVE AMERICAN OUTREACH AND BASIC NEEDS ASSISTANCE 15,000

CIRCLE DE LUZ INC

1026 JAY STREET SUITE B9
CHARLOTTE,NC28208 		  PC TRUST-BASED PHILANTHROPY - WORKFORCE DEVELOPMENT 50,000

CITY STARTUP LABS INC

1112 CHARLOTTETOWNE AVENUE OFFICE
206
CHARLOTTE,NC28204 		  PC TRUST-BASED PHILANTHROPY - WORKFORCE DEVELOPMENT 25,000

CLEMSON UNIVERSITY FOUNDATION

PO BOX 1889
CLEMSON,SC296331889 		  PC SCHOLARSHIPS IN HONOR OF JEFFREY J. BROWN 30,000

COMMON WEALTH CHARLOTTE INC

5301 WILKINSON BLVD
CHARLOTTE,NC282085455 		  PC TRAUMA-INFORMED FINANCIAL CAPABILITY-BUILDING SERVICES 20,000

COMMUNITIES IN SCHOOLS OF CHARLOTTE MECKLENBURG INC

601 E 5TH ST STE 300
CHARLOTTE,NC282023094 		  PC ACCESS AND PATHWAYS TO POST-SECONDARY SUCCESS 20,000

COMMUNITY ACTION SERVICES AND FOOD BANK

815 S FREEDOM BLVD STE 100
PROVO,UT846015817 		  PC HOMEBUYER FINANCIAL CAPABILITY EDUCATION 15,000

COMMUNITY DEVELOPMENT CORPORATION OF UTAH

501 E 1700 S
SALT LAKE CTY,UT841052915 		  PC FOSTERING HOUSING STABILITY THROUGH FINANCIAL EDUCATION & COACHING 20,000

COMMUNITY LINK PROGRAMS OF TRAVELERS AID SOCIETY OF CENTRAL CAROLINAS INC

601 E 5TH STREET SUITE 460
CHARLOTTE,NC28202 		  PC ADVANCING ECONOMIC MOBILITY AND FINANCIAL INCLUSION THROUGH ASSET BUILDING 20,000

COMMUNITY NURSING SERVICES

2830 SOUTH REDWOOD ROAD
WEST VALLEY CITY,UT84119 		  PC CHARITABLE CARE PROGRAM 15,000

CONGRESSIONAL BLACK CAUCUS FOUNDATION INC

1720 MASSACHUSETTS AVE NW
WASHINGTON,DC200361903 		  PC THE LAW AND PUBLIC POLICY SCHOLARS PROGRAMS 114,000

COVENANT HOUSE MICHIGAN

2959 MARTIN LUTHER KING JR BLVD
DETROIT,MI482082475 		  PC EMERGENCY SHELTER SERVICES 25,000

CRANBROOK EDUCATIONAL COMMUNITY

PO BOX 801
BLOOMFIELD HILLS,MI483030801 		  PC MONEY ON THE GO! 15,000

CROSSROADS CORPORATION FOR AFFORDABLE HOUSING AND COMMUNITY DEVELOPMENT

3623 LATROBE DR SUITE 208
CHARLOTTE,NC28211 		  PC TRUST-BASED PHILANTHROPY - AFFORDABLE HOUSING 25,000

CROSSROADS URBAN CENTER

347 SOUTH 400 EAST
SALT LAKE CTY,UT841112904 		  PC EMERGENCY SERVICES FOR PEOPLE IN NEED 15,000

DETROIT EMPLOYMENT SOLUTIONS CORPORATION

115 ERSKINE STREET - 2ND FLOOR
DETROIT,MI48201 		  PC GROW DETROIT'S YOUNG TALENT 25,000

DETROIT FOOD & ENTREPRENEURSHIP ACADEMY

4444 2ND AVE
DETROIT,MI48201 		  PC THE SMALL BATCH, BIG DREAMS CLASSROOM KITCHEN-TO-CAREER PROGRAM 15,000

DETROIT IMPACT INC MONEY MATTERS FOR YOUTH

9930 GREENFIELD RD
DETROIT,MI482272036 		  PC THE MONEY MATTERS FOR YOUTH (MMFY) SUMMER PROGRAM 2023 20,000

DETROIT PHOENIX CENTER

1420 WASHINGTON BLVD
DETROIT,MI482261718 		  PC TRUST-BASED PHILANTHROPY - AFFORDABLE HOUSING 25,000

DETROIT PUBLIC SCHOOLS FOUNDATION

3011 WEST GRAND BLVD 10TH FLOOR
SUITE 1004
DETROIT,MI48202 		  PC DPSCD MEDIA ARTS PROGRAM 25,000

DETROIT RESCUE MISSION MINISTRIES

150 STIMSON
DETROIT,MI48201 		  PC EMERGENCY SHELTER FOR UNHOUSED PERSONS IN DETROIT 20,000

DIGIBRIDGE

PO BOX 31549
CHARLOTTE,NC28231 		  PC PREPARING AND ADVANCING STEAM SCHOLARS WITH DIGI-BRIDGE 20,000

DO GREATER FOUNDATION INC

2400 GREENLAND AVE
CHARLOTTE,NC28208 		  PC START UPWARD ENTREPRENEURSHIP INCUBATOR 20,000

DOTTIE ROSE FOUNDATION

217 W DUNBAR ST
CHARLOTTE,NC28203 		  PC STACK BYTES 25,000

DOWNTOWN BOXING GYM YOUTH PROGRAM

6445 E VERNOR HWY
DETROIT,MI48207 		  PC PREP FOR SUCCESS 25,000

DRESS FOR SUCCESS CHARLOTTE

500-A CLANTON ROAD
CHARLOTTE,NC28217 		  PC FINANCIAL EDUCATION 25,000

EDUCARE FOUNDATION

16134 WYANDOTTE ST
VAN NUYS,CA914063422 		  PC BACKPACKS AND SCHOOL SUPPLIES FOR NEW STUDENTS 2,500

EMERGING INDUSTRIES TRAINING INSTITUTE

5555 CONNER
DETROIT,MI48213 		  PC NEIGHBORHOOD BEAUTIFICATION THROUGH WORKFORCE DEVELOPMENT 100,000

FEARLESS BROWN GIRLS INCORPORATED

3020 I PROSPERITY CHURCH RD 962
CHARLOTTE,NC28269 		  PC FINANCIALLY CONFIDENT TEENS INITIATIVE 15,000

FIRST STEP HOUSE

440 SOUTH 500 EAST
SALT LAKE CTY,UT84102 		  PC FIRST STEP HOUSE MEDICAL INTEGRATION PROGRAM 20,000

FLORENCE CRITTENTON SERVICES INC DBA CRITTENTON

3350 HOLABIRD LN
CHARLOTTE,NC282086622 		  PC CRITTENTON EDUCATION AND VOCATIONAL PROGRAM 15,000

FOR THE STRUGGLE INC

209 LASALLE
CHARLOTTE,NC28216 		  PC TRUST-BASED PHILANTHROPY - WORKFORCE DEVELOPMENT 25,000

FOUNDATION FOR GIRLS

906 DACAVIN DRIVE
CHARLOTTE,NC28226 		  PC ECONOMICALLY EMPOWERING HOMELESS SINGLE MOTHERS 15,000

FOUNDATION FOR THE CAROLINAS

220 N TRYON ST
CHARLOTTE,NC282022137 		  PC MULTI-YEAR: MAYOR'S RACIAL EQUITY FUND #1 400,000

FREEDOM COMMUNITIES

3501 TUCKASEEGEE RD
CHARLOTTE,NC28208 		  PC MOMS MOVING FORWARD 25,000

FREEDOM FIGHTING MISSIONARIES INC

222 S CHURCH ST
CHARLOTTE,NC28202 		  PC SECOND CHANCE HOUSING 20,000

FRIENDSHIP COMMUNITY DEVELOPMENT CORP

3239 BEATTIES FORD RD
CHARLOTTE,NC28216 		  PC TRUST-BASED PHILANTHROPY - AFFORDABLE HOUSING 50,000

GARDHOUSE LIMITED

809 WESTMERE AVE SUITE C
CHARLOTTE,NC28208 		  PC TRUST-BASED PHILANTHROPY - WORKFORCE DEVELOPMENT 25,000

GEN-ONE INC

3800 SHAMROCK DRIVE
CHARLOTTE,NC28215 		  PC ECONOMIC MOBILITY THROUGH COLLEGE AND CAREER READINESS PROGRAM EXPANSION 20,000

GEORGE WASHINGTON CARVER FOOD RESEARCH INSTITUTE

740 W 5TH ST
CHARLOTTE,NC282021408 		  PC FUTURE FOOD PROS - EXPLORE AG STEM CAREERS 15,000

GLOBAL DETROIT

2050 15TH STREET
DETROIT,MI48216 		  PC ASSET BUILDING: HOME OWNERSHIP 25,000

GOODWILL INDUSTRIES OF GREATER DETROIT

3111 GRAND RIVER
DETROIT,MI48208 		  PC GOODWILL'S GREEN WORKS APPLIANCE REPAIR AND RECYCLING PROGRAM 25,000

GOODWILL INDUSTRIES OF THE SOUTHERN PIEDMONT INC

5301 WILKINSON BOULEVARD
CHARLOTTE,NC28208 		  PC CONSTRUCTION SKILLS TRAINING PROGRAM 25,000

GRAND 7 DETROIT

24400 W 7 MILE RD
DETROIT,MI482191611 		  PC 300 RENEWAL 20,000

GUADALUPE CENTER

1385 N 1200 W
SALT LAKE CTY,UT84116 		  PC SUPPORT FOR GUADALUPE SCHOOL'S EXPANDED OST AND ELC PROGRAMS AND ANNUAL GALA 25,000

HABITAT FOR HUMANITY OF SUMMIT AND WASATCH COUNTIES

PO BOX 682704
PARK CITY,UT840682704 		  PC SILVER CREEK AFFORDABLE HOUSING AND FINANCIAL LITERACY SERVICES 7,500

HABITAT FOR HUMANITY OF THE CHARLOTTE REGION INC

3815 LATROBE DRIVE
CHARLOTTE,NC28211 		  PC MULTI-YEAR: THE MEADOWS AT PLATO PLACE 250,000

HACK & HUSTLE SOCIAL ENTREPRENEURSHIP ACADEMY INC

9445 MEADOWMONT VIEW DR
CHARLOTTE,NC282696203 		  PC HACK & HUSTLE WORKFORCE DEVELOPMENT PROGRAM: SETTING THE STAGE FOR FUTURE SUCCESS 15,000

HAVEN SERVICES INC

1541 WILDWOOD DR
LOS ANGELES,CA900413132 		  PC VITA PROGRAM 5,000

HOLY CROSS MINISTRIES

860 E 4500 S STE 204
SALT LAKE CTY,UT84107 		  PC SCHOOL READINESS PROGRAM 20,000

HOPE HAVEN INC

3815 N TRYON ST
CHARLOTTE,NC282062060 		  PC HOUSING WITH HOPE 20,000

HOUSING CONNECT FUND

3595 S MAIN ST
SALT LAKE CTY,UT841154434 		  PC FINANCIAL WELLNESS AND EMPOWERMENT PROJECT 10,000

INCLUSIVE ACTION FOR THE CITY

2900 E CESAR E CHAVEZ AVE
LOS ANGELES,CA900334225 		  PC CAPITAL, BUSINESS COACHING, AND WRAPAROUND SUPPORT FOR LAS ENTREPRENEURS OF COLOR 10,000

INSTITUTO DE AVANCE INTEGRAL LATINO CDC

715 BRADY AVE
LOS ANGELES,CA900223603 		  PC WEALTH ACADEMY 5,000

INTECH FOUNDATION INC

5009 BEATTIES FORD RD
CHARLOTTE,NC282162860 		  PC 2021 INTECH ACADEMY 10,000

INTERNATIONAL RESCUE COMMITTEE INC

221 S 400 W
SALT LAKE CTY,UT84110 		  PC SKI MARKETING EXPANSION FOR NEW AMERICAN ENTREPRENEURS 20,000

INVEST DETROIT FOUNDATION

600 RENAISSANCE CTR STE 1710
DETROIT,MI482431810 		  PC STRATEGIC NEIGHBORHOOD FUND 3 100,000

JOURNEY OF HOPE INC

MAILING 898 SO STATE STREET SUITE
310 694
OREM,UT84097 		  PC EXPANSION INTO OGDEN AND INTO THE MALE SIDE OF THE UTAH STATE PRISON 20,000

JOURNI INCORPORATED

440 BURROUGHS ST
DETROIT,MI482023429 		  PC TRUST-BASED PHILANTHROPY - WORKFORCE DEVELOPMENT 50,000

JUNIOR ACHIEVEMENT

12320 ORACLE BLVD STE310
COLORADO SPRINGS,CO809213660 		  PC 2023 ALLY EMPLOYEE ENGAGEMENT VIA JA PROGRAMMING 107,000

JUNIOR ACHIEVEMENT OF UTAH INC

515 SOUTH 700 EAST SUITE 1C
SALT LAKE CTY,UT84102 		  PC 2024-2025 JUNIOR ACHIEVEMENT K-12 IN-CLASS PROGRAMS AND JA CITY BIZTOWN PROGRAMS FOR AT-RISK SCHOOLS 15,000

JUST DO IT MOVEMENT INC

601 E 5TH ST SUITE 330B
CHARLOTTE,NC28202 		  PC WORKFORCE DEVELOPMENT TRAINING 15,000

LAKE NORMAN COMMUNITY DEVELOPMENT CORPORATION

19837 S MAIN STREET
CORNELIUS,NC280310000 		  PC RENTAL BRIDGE PROGRAM 15,000

LAWA - LATIN AMERICANS WORKING FOR ACHIEVEMENT

1515 MOCKINGBIRD LN STE 7113
CHARLOTTE,NC28209 		  PC COLLEGE HACKS: MENTORING AND SOFT SKILLS WORKSHOPS 8,000

LAWN ACADEMY

2470 COLLINGWOOD STREET
DETROIT,MI48206 		  PC TRUST-BASED PHILANTHROPY - WORKFORCE DEVELOPMENT 50,000

LEADING ON OPPORTUNITY (FOUNDATION FOR THE CAROLINAS)

220 NORTH TRYON STREET
CHARLOTTE,NC28202 		  PC LEADING ON OPPORTUNITY GENERAL OPERATING SUPPORT 50,000

LOCAL INITIATIVES SUPPORT CORPORATION

201 SOUTH TRYON STREET SUITE 1210
CHARLOTTE,NC28202 		  PC FINANCIAL OPPORTUNITY CENTER (FOC) 25,000

LOCAL INITIATIVES SUPPORT CORPORATION

3031 W GRAND BLVD SUITE 560
DETROIT,MI48202 		  PC MULTI-YEAR: LISC -WELCOME HOME & DIGITAL NAVIGATOR 400,000

LOCAL INITIATIVES SUPPORT CORPORATION

3031 W GRAND BLVD SUITE 560
DETROIT,MI48202 		  PC MULTI-YEAR: LISC - DIVERSE SUPPLIER GRANT INITIATIVE 100,000

MALIHEH FREE CLINIC

941 EAST 3300 SOUTH
SALT LAKE CTY,UT84106 		  PC HEALTHY FAMILIES SUPPORT PROGRAM 25,000

MARINERS INN

445 LEDYARD
DETROIT,MI48201 		  PC THE ANCHOR 25,000

MCHS FAMILY OF SERVICES

26645 W SIX MILE ROAD
REDFORD,MI48240 		  PC MCHS ANNUAL GALA 20,000

MICHIGAN COLLEGE ACCESS NETWORK

200 N WASHINGTON SQ
LANSING,MI489331320 		  PC TRUST-BASED PHILANTHROPY - WORKFORCE DEVELOPMENT 25,000

MICHIGAN COUNCIL ON ECONOMIC EDUCATION

12642 BERESFORD
STERLING HEIGHTS,MI48313 		  PC MONEY MATTERS: CRAFTING CURIOSITY IN PERSONAL FINANCE 15,000

MICHIGAN HISPANIC COLLABORATIVE

2050 15TH ST
DETROIT,MI48216 		  PC TRUST-BASED PHILANTHROPY - WORKFORCE DEVELOPMENT 50,000

MIDNIGHT GOLF PROGRAM

7441 SECOND AVE
DETROIT,MI48202 		  PC MIDNIGHT GOLF PROGRAM COLLEGE, CAREER, AND BEYOND 25,000

MISSION ECONOMIC DEVELOPMENT AGENCY

2301 MISSION ST
SAN FRANCISCO,CA94110 		  PC GENERAL OPERATING SUPPORT 20,000

MONEY MAGNETS CLUB

2459 WILKINSON BLVD SUITE 310
CHARLOTTE,NC28208 		  PC FINANCIAL LITERACY FACILITATOR CORPS INTERNSHIP PROGRAM 15,000

MOSAIC YOUTH THEATRE OF DETROIT

2251 ANTIETAM
DETROIT,MI48207 		  PC CREATIVE CAREER PATHWAYS: BACKSTAGE TECH AND NEW VOICES DETROIT 15,000

MOUNTAIN COUNTRY HOME SOLUTIONS

1031 WEST CENTER STREET SUITE 302
OREM,UT84057 		  PC FINANCIAL STABILITY PROGRAM 20,000

NEIGHBORHOOD HOUSE ASSOCIATION

1050 W 500 S
SALT LAKE CTY,UT841041319 		  PC SUPPORTING UTAHS MOST UNDERSERVED COMMUNITY MEMBERS AND SPONSORING THE 130TH ANNIVERSARY EDITION OF THE ANNUAL TENT PARTY 20,000

NEIGHBORHOOD HOUSING SERVICES OF LOS ANGELES COUNTY

3926 WILSHIRE BL 200
LOS ANGELES,CA900103303 		  PC THE LEGACY PROJECT 10,000

NEIGHBORHOOD SERVICE ORGANIZATION

882 OAKMAN BLVD SUITE C
DETROIT,MI48238 		  PC WORKFORCE DEVELOPMENT FOR VULNERABLE POPULATIONS 20,000

NEIGHBORWORKS CAPITAL

8484 GEORGIA AVE STE 330
SILVER SPRING,MD209105604 		  PC NEIGHBORWORKS CAPITAL CONSULTING 15,000

NEW COMMON SCHOOL FOUNDATION DBA CORNERSTONE SCHOOLS FOUNDATION

7401 EMILY STREET
DETROIT,MI48234 		  PC CORNERSTONE CAREER PATHWAYS 20,000

NORTH CAROLINA COUNCIL ON ECONOMIC EDUCATION

8380 SIX FORKS ROAD SUITE 102
RALEIGH,NC27615 		  PC PROFESSIONAL DEVELOPMENT FOR TEACHERS 25,000

NPOWER INC

55 WASHINGTON STREET SUITE 560
BROOKLYN,NY11201 		  PC TITLE NPOWER MI TECH FUNDAMENTALS--A TRAINING PATHWAY TO IT CAREERS FOR VULNERABLEYOUNG ADULTS, WOMEN OF COLOR AND MILITARY VETERANS IN GREATER DETROIT 20,000

ODYSSEY HOUSE INC-UTAH

117 W 400 S
SALT LAKE CTY,UT841011916 		  PC BRIGHTER FUTURES: ADOLESCENT TREATMENT 5,000

ORANGEWOOD FOUNDATION

1575 E 17TH ST BLDG A
SANTA ANA,CA927058506 		  PC TRANSITIONAL HOUSING PROGRAMS 20,000

OUR DAILY BREAD FOUNDATION

P O BOX 32451
CHARLOTTE,NC28232 		  PC IT'S ALL ABOUT THE DOUGH FINANCIAL LITERACY PROGRAM 20,000

OURBRIDGE

3925 WILLARD FARROW DRIVE
CHARLOTTE,NC28215 		  PC OURBRIDGE PROFESSIONAL AND WORKFORCE DEVELOPMENT PROGRAM 20,000

PACIFIC COAST REGIONAL SMALL BUSINESS DEVELOPMENT CORPORATION DBA PCR BUSIN

3255 WILSHIRE BLVD STE 1501
LOS ANGELES,CA900101418 		  PC ECONOMIC DEVELOPMENT FINANCIAL FITNESS PROGRAM 10,000

PARK CITY TOTS INC

1850 SIDEWINDER DR STE 410
PARK CITY,UT840607361 		  PC EARLY CARE & EDUCATION TUITION SCHOLARSHIPS FOR LOW-INCOME FAMILIES 15,000

PEOPLE HELPING PEOPLE

265 EAST 100 SOUTH SUITE 280
SALT LAKE CTY,UT84111 		  PC PEOPLE HELPING PEOPLE EMPLOYMENT PROGRAM 15,000

PREMIERE FOUNDATION OF NORTH CAROLINA

3010 MONROE RD
CHARLOTTE,NC28205 		  PC TRUST-BASED PHILANTHROPY - FINANCIAL EDUCATION 25,000

PROJECT SCIENTIST

548 MARKET ST
SAN FRANCISCO,CA94104 		  PC PROJECT SCIENTIST SCHOLARS 15,000

PROSPERUS DETROIT MICRO LENDING

440 BURROUGHS ST SUITE 360
DETROIT,MI48202 		  PC PROSPERUS DETROIT MICROLENDING PROOF OF CONCEPT 20,000

RAIN INC (THE HAVENS)

601 E 5TH STREET
CHARLOTTE,NC28202 		  PC REPAIR FOR VITAL AFFORDABLE HOUSING 20,000

RAZA DEVELOPMENT FUND

410 E SOUTHERN AVE
PHOENIX,AZ85040 		  PC EL COLIBRI LEARNING LAB 15,000

REBUILDING TOGETHER

999 N CAPITOL STREET NE SUITE 330
WASHINGTON,DC200026096 		  PC BUILDING A HEALTHY NEIGHBORHOOD (BAHN) 2023 100,000

ROC USA LLC

6 LOUDON RD STE 501
CONCORD,NH033015321 		  PC RESIDENT ENGAGEMENT AND LEADERSHIP 10,000

ROOF ABOVE INC

PO BOX 31335
CHARLOTTE,NC28231 		  PC ENDING HOMELESSNESS WITH HOUSING 25,000

RURAL HOUSING DEVELOPMENT CORPORATION DBA SELF-HELP HOMES

63 NORTH 400 WEST
PROVO,UT84601 		  PC SELF-HELP HOUSING IN UTAH 20,000

SAFE HOUSE PROJECT INC

16155 LANCASTER HWY SUITE 292
CHARLOTTE,NC28277 		  PC EMERGENCY SUPPORT FOR SURVIVORS OF DOMESTIC SEX TRAFFICKING 10,000

SALT LAKE COMMUNITY ACTION PROGRAM DBA UTAH COMMUNITY ACTION

1307 S 900 W
SALT LAKE CTY,UT84104 		  PC HOUSING STABILITY 20,000

SCHERMCO FOUNDATION

809 WESTMERE AVE SUITE C 146
CHARLOTTE,NC282085342 		  PC SCHERMCO FAMILY EMPOWERMENT + FINANCIAL EDUCATION, SY 23/24 20,000

SENIOR CHARITY CARE FOUNDATION

721 NORTH MAIN STREET 106
LAYTON,UT84041 		  PC 2024 SENIOR MOBILE HEALTH CLINICS 10,000

SHE BUILT THIS CITY

920 BLAIRHILL ROAD SUITE B117
CHARLOTTE,NC28217 		  PC WOMEN AT WORK APPRENTICESHIP 25,000

SISTAHS REACHIN' OUT

17575 HUBBELL ST 1ST FLOOR
DETROIT,MI48235 		  PC PATHWAYS 20,000

SME EDUCATION FOUNDATION

1000 TOWN CENTER
SOUTHFIELD,MI480751236 		  PC SME EDUCATION FOUNDATION PRIME 20,000

SOLA I CAN FOUNDATION

8269 S VERMONT AVE
LOS ANGELES,CA90044 		  PC SOLA PATHWAYS TO HOME OWNERSHIP PROGRAM & OPERATIONS 50,000

SOUTHWEST ECONOMIC SOLUTIONS DBA MIWEALTH

2835 BAGLEY SUITE 800
DETROIT,MI48216 		  PC SWES HOMEOWNERSHIP ASSISTANCE AND STABILITY PROGRAM 25,000

SPY HOP PRODUCTIONS INC

208 W HARVEY MILK BOULEVARD
SALT LAKE CTY,UT841012941 		  PC MULTIMEDIA APPRENTICESHIP PROGRAMS (MAP) 5,000

ST ANNE'S CENTER INC

269 WEST 33RD STREET
OGDEN,UT84401 		  PC EMERGENCY SHELTER 20,000

SUAZO BUSINESS CENTER

960 WEST 1700 SOUTH
SALT LAKE CTY,UT84104 		  PC SUPPORTING UNDERSERVED AND LOW-INCOME ENTREPRENEURS IN UTAH 10,000

SUCCESS IN EDUCATION FOUNDATION

111 E BROADWAY SUITE 900
SALT LAKE CTY,UT841113400 		  PC ROAD TO SUCCESS/KEN GARFF ESPORTS 75,000

SUCCESS IN EDUCATION FOUNDATION

111 E BROADWAY SUITE 900
SALT LAKE CTY,UT841113400 		  PC OGDEN SCHOOL DISTRICT INITIATIVE 75,000

SUPPORTIVE HOUSING COMMUNITIES INC

601 E 5TH STREET SUITE 255
CHARLOTTE,NC28202 		  PC HOUSING CHARLOTTES MOST VULNERABLE 15,000

TEACH EMPOWER ACHIEVE (TEA)

1331 HOLDEN ST STE 233
DETROIT,MI48202 		  PC SKILLS FOR SUCCESS 20,000

THE CENTER FOR STRATEGIC ECONOMIC STUDIES AND INSTITUTIONAL DEVELOPMENT

777 S ALAMEDA STREET
LOS ANGELES,CA90021 		  PC DIGITAL GROWTH ACCELERATOR 30,000

THE CHILDREN'S CENTER UTAH

3725 WEST 4100 SOUTH STE 250
WEST VALLEY CITY,UT84120 		  PC THERAPEUTIC PRESCHOOL PROGRAM 15,000

THE GREENING OF DETROIT

13000 W MCNICHOLS RD
DETROIT,MI482354115 		  PC DETROIT CONSERVATION CORPS 15,000

THE INN BETWEEN

1216 EAST 1300 SOUTH
SALT LAKE CTY,UT84105 		  PC MEDICAL RESPITE AND END-OF-LIFE CARE FOR THE HOMELESS 20,000

THE MAN TO MAN PROJECT INC

2420 VIRGINIA PARK
DETROIT,MI48206 		  PC GROUND UP LEADERSHIP PROGRAM 25,000

THE OTHER SIDE ACADEMY

667 E 100 S
SALT LAKE CTY,UT84102 		  PC THE OTHER SIDE VILLAGE COMMUNITY CENTER 100,000

THE OTHER SIDE ACADEMY

667 E 100 S
SALT LAKE CTY,UT84102 		  PC THE OTHER SIDE BUILDERS 284,000

THE RELATIVES INC

2219 FREEDOM DR
CHARLOTTE,NC28208 		  PC BREAKING BARRIERS: CONNECTING DISCONNECTED YOUNG ADULTS TO EDUCATION, HOUSING, EMPLOYMENT, AND CAREER PATHWAYS 20,000

THE ROAD HOME

1415 S MAIN STREET
SALT LAKE CTY,UT84115 		  PC SUPPORT FOR TRHS SHELTER AND HOUSING PROGRAMS 20,000

THE SALVATION ARMY

4015 STUART ANDREW BLVD
CHARLOTTE,NC28217 		  PC GENERAL OPERATING SUPPORT FOR THE SALVATION ARMY'S EMERGENCY SHELTERS AND BOYS & GIRLS CLUBS 25,000

THE SHARING PLACE

1695 EAST 3300 SOUTH
SALT LAKE CTY,UT84106 		  PC GRIEF SUPPORT GROUPS FOR YOUTH IN WEST-SIDE SALT LAKE CITY 15,000

THEKONNECTION

19736 WESTMORELAND RD
DETROIT,MI482195105 		  PC BACK TO SCHOOL KLAP IN SPONSORSHIP 15,000

TMC COMMUNITY CAPITAL

1611 TELEGRAPH AVE STE 504
OAKLAND,CA946122144 		  PC EMPOWERING ENTREPRENEURS WITH MICROLOANS 10,000

TREEHOUSE CHILDREN'S MUSEUM

347 22ND STREET
OGDEN,UT844011415 		  PC A TREEHOUSE FOR ALL 20,000

TURN COMMUNITY SERVICES

423 W 800 STE A200
SALT LAKE CTY,UT841012274 		  PC HOLLADAY HEIGHTS ACCESSIBLE BATHROOM REMODEL 25,000

UGF INSTITUTE INC

299 SOUTH MAIN SUITE 357
SALT LAKE CTY,UT84111 		  PC SCHOLARSHIPS AND TRAINING 100,000

UNITED COMMUNITY HOUSING COALITON

2727 SECOND AVE
DETROIT,MI48201 		  PC FORECLOSURE & HOMELESS PREVENTION 45,000

UNITED WAY FOR SOUTHEASTERN MICHIGAN

3011 W GRAND BLVD SUITE 500
DETROIT,MI48202 		  PC TECH UNITED COMMUNITY RESOURCE HUBS 50,000

UNITED WAY OF GREATER CHARLOTTE

601 E 5TH ST
CHARLOTTE,NC28202 		  PC BUILDING AND SHARING POWER THROUGH PLACE-BASED PHILANTHROPY 20,000

URBAN LEAGUE OF CENTRAL CAROLINAS

740 W 5TH ST
CHARLOTTE,NC282021408 		  PC WORKFORCE DEVELOPMENT 25,000

UTAH MICROENTERPRISE FUND

154 EAST FORD AVENUE STE A
SALT LAKE CTY,UT84115 		  PC GENERAL OPERATING SUPPORT 10,000

UTAH PARTNERS FOR HEALTH

8446 S HARRISON ST
MIDVALE,UT840473501 		  PC ACCESS TO DENTAL AND VISION SERVICES FOR LMI INDIVIDUALS 10,000

UTAH SHAKESPEARE FESTIVAL (AS PART OF SOUTHERN UTAH UNIVERSITY)

351 W CENTER STREET
CEDAR CITY,UT847202415 		  PC SHAKESPEARE IN THE SCHOOLS 2025: HENRY IV 20,000

VISTA MARIA

20651 WEST WARREN AVENUE
DEARBORN HEIGHTS,MI481272622 		  PC SHEPHERD HALL TRANSITIONAL LIVING PROGRAM 25,000

VOLUNTEERS OF AMERICA OF UTAH INC

1875 SOUTH REDWOOD ROAD
SALT LAKE CTY,UT84104 		  PC YOUTH RESOURCE CENTER 15,000

WALLACE STEGNER ACADEMY

980 S BENDING RIVER RD
SALT LAKE CTY,UT841043612 		  PC BUILDING LIBRARIES IN HOMES 15,000

WASATCH COMMUNITY GARDENS

629 E 800 S
SALT LAKE CTY,UT84102 		  PC GREEN TEAM JOB TRAINING PROGRAM 10,000

WASATCH HOMELESS HEALTHCARE

409 W 400 S
SALT LAKE CTY,UT841011135 		  PC GIVE ONE RAISE TWO 2024 40,000

WAYNE STATE UNIVERSITY RESEARCH AND TECHNOLOGY PARK IN THE CITY OF DETROIT

440 BURROUGHS ST 100
DETROIT,MI482023428 		  PC TECHTOWN DETROIT'S ENTREPRENEURIAL EDUCATION PROGRAMS 2023 25,000

WEBER STATE UNIVERSITY

1265 VILLAGE DRIVE DEPT 4018
OGDEN,UT84408 		  PC EMERGING HISPANIC-SERVING INSTITUTION ACCELERATION PROJECT 50,000

WEBER STATE UNIVERSITY

1265 VILLAGE DRIVE DEPT 4018
OGDEN,UT84408 		  PC EMERGING HISPANIC-SERVING INSTITUTION ACCELERATION PROJECT 100,000

WEST SIDE CLT

PO BOX 668023
CHARLOTTE,NC282668023 		  PC TRUST-BASED PHILANTHROPY - AFFORDABLE HOUSING 25,000

WINNING FUTURES

580 KIRTS BLVD SUITE 320
TROY,MI48084 		  PC 2023-2024 WORKFORCE PREP AND MENTORING PROGRAM 20,000

WOMEN OF THE WORLD

415 EAST 3900 SOUTH
SALT LAKE CTY,UT84107 		  PC SELF SUFFICIENCY FOR FORCIBLY DISPLACED WOMEN 15,000

WORKING IN SUPPORT OF EDUCATION

227 E 56TH STREET SUITE 201
NEW YORK,NY10022 		  PC FINANCIAL LITERACY CERTIFICATION PROGRAM IN CHARLOTTE, NORTH CAROLINA AREA 20,000

YOUNG MEN'S CHRISTIAN ASSOCIATION OF NORTHERN UTAH

675 E 2100 S SUITE 200
SALT LAKE CTY,UT84106 		  PC YMCA FINANCIAL LITERACY 10,000

YOUNG WOMENS CHRISTIAN ASSOCIATION OF THE CENTRAL CAROLINAS INC

3420 PARK ROAD
CHARLOTTE,NC28209 		  PC YWCAS TRANSITIONAL HOUSING PROGRAMS - CASE MANAGEMENT AND FINANCIAL LITERACY 20,000
Total .................................right arrow 3a 6,888,000
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2024)
Form 990-PF (2024)
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 ........... 		    14 240,018  
4 Dividends and interest from securities ....     14 1,998,054  
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 ............ 		    18 771,201  
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) .. 0 3,009,273 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
3,009,273
(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 (2024)
Form 990-PF (2024)
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.
right arrow right arrow
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 Check if self-
employed right arrow		 PTIN
Firm's name Right Arrow
 Firm's EIN Right Arrow
Firm's address Right Arrow


 Phone no.
Form 990-PF (2024)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

right arrow Attach to Form 990, 990-EZ, or 990-PF.
right arrow Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
Name of the organization
ALLY CHARITABLE FOUNDATION
 
Employer identification number

84-4571035
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ
501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization


Form 990-PF
501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation
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
For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.
Special Rules
For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 331/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Right Arrow $  
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) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025) Page 2
Name of organization
ALLY CHARITABLE FOUNDATION
  		Employer identification number
84-4571035
Part I
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

$ 1,819,000


(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

$ 5,069,000


(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) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
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) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
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.) $  
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) (Rev. 1-2025)
Additional Data


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TY 2024 ExpenditureResponsibilityStmt
Name:
ALLY CHARITABLE FOUNDATION
EIN:
84-4571035
Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
CHARLOTTE SMALL BUSINESS GROWTH FUND LLC
  		330 S TRYON STREET
CHARLOTTE,NC28202 		2024-02-27 3,000,000 THIS LOAN INVESTMENT WILL SUPPORT THE CHARLOTTE MAYORS EQUITY INITIATIVES AND SUPPORT COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFI) THROUGH THE CREATION AND ONGOING DEVELOPMENT OF A SECONDARY MARKET FOR CDFI SMALL BUSINESS LOANS. 3,000,000 THE GRANTOR IS NOT AWARE OF ANY DIVERSION OF FUNDS. 6/30/2024 2024-10-31 THE GRANTOR REVIEWED THE GRANTEE'S FINANCIAL RECORDS AND FOUND THE RECORDS TO BE ACCURATE AND IN LINE WITH THE GRANT'S PURPOSE
CHARLOTTE HOUSING OPPORTUNITY INVESTMENT FUND II LLC
  		201 S TRYON STREET
CHARLOTTE,NC28202 		2024-11-07 285,000 THE LOAN WILL HELP FACILITATE THE DEVELOPMENT OF AFFORDABLE HOUSING. 285,000 THE GRANTOR IS NOT AWARE OF ANY DIVERSION OF FUNDS. 6/30/2024 2024-10-31 THE GRANTOR REVIEWED THE GRANTEE'S FINANCIAL RECORDS AND FOUND THE RECORDS TO BE ACCURATE AND IN LINE WITH THE GRANT'S PURPOSE

TY 2024 InvestmentsCorpStockSchedule
Name:
ALLY CHARITABLE FOUNDATION
EIN:
84-4571035
Name of Stock End of Year Book Value End of Year Fair Market Value
ISHARES RUSSELL 2000 ETF 3,702,406 3,702,406
ISHARES IBOXX $ HIGH YIELD CORPORATE BOND ETF 3,262,638 3,262,638
SPDR S&P 500 ETF TRUST 34,912,785 34,912,785
VANGUARD TOTAL BOND MARKET ETF 29,480,295 29,480,295
VANGUARD FTSE DEVELOPED MARKETS ETF 7,603,715 7,603,715
VANGUARD FTSE EMERGING MARKETS ETF 1,937,364 1,937,364

TY 2024 InvestmentsOtherSchedule2
Name:
ALLY CHARITABLE FOUNDATION
EIN:
84-4571035
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
MISSION RELATED INVESTMENT: HOUSING IMPACT FUND II, LLC FMV 1,606,239 1,606,239
PROGRAM RELATED INVESTMENTS FMV 2,014,709 2,014,709

TY 2024 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 24,752 0 0
ACCRUED INTEREST 157,039 30,411 30,411


TY 2024 OtherExpensesSchedule
Name:
ALLY CHARITABLE FOUNDATION
EIN:
84-4571035
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LOSS ON MISSION RELATED INVESTMENT 23,663 22,146   0
CREDIT LOSS ON PRI LOANS 40,800 40,800   0


TY 2024 OtherIncreasesSchedule
Name:
ALLY CHARITABLE FOUNDATION
EIN:
84-4571035
Description Amount
UNREALIZED GAINS ON INVESTMENTS 6,299,574


TY 2024 TaxesSchedule
Name:
ALLY CHARITABLE FOUNDATION
EIN:
84-4571035
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
NET INVESTMENT INCOME TAX 138,066 0   0