ALLY CHARITABLE FOUNDATION: Form 990PF, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- ALLY CHARITABLE FOUNDATION (EIN 84-4571035)
- Tax period
- 2020-02-04 to 2020-12-31
- Filed
- 2021-11-11
- IRS object ID
- 202123159349101782
- Schema version
- 2020v4.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Schedule B
- Depreciation Schedule
- Investments Corp Stock Schedule
- Other Assets Schedule
- Other Decreases Schedule
- Other Income Schedule2
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2021-11-11T11:57:19-06:00 | ReturnTs |
| Tax Period End | 2020-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DELOITTE TAX LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 200 RENAISSANCE CENTER SUITE 3900 | AddressLine1Txt |
| City | DETROIT | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 482431313 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2020-02-04 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 844571035 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Ally Charitable Foundation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % MICHAEL RIZER | InCareOfNm |
| Business Name Control | ALLY | BusinessNameControlTxt |
| Phone | 9803128320 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 601 South Tryon Street | AddressLine1Txt |
| City | Charlotte | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 28202 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MICHAEL RIZER | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 9803128320 | PhoneNum |
| Signature | 2021-11-01 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | MICHAEL | PersonFirstNm |
| Person Last | RIZER | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| PTIN | P00121988 | PTIN |
| Phone | 3133963000 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | TrustedCustomerGrp |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2020 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Initial Return | Yes (X) | InitialReturnInd |
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $31,020,480 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $35,298,800 | ContriRcvdRevAndExpnssAmt |
| Other Income Rev And Expnss | $43,479 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $0 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $35,342,279 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $0 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Tot Opr Expenses Rev And Expnss | $0 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $0 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $1,774,800 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $1,699,800 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $1,774,800 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $0 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,699,800 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $33,567,479 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $0 | CashBOYAmt |
| Cash EOY | $581,001 | CashEOYAmt |
| Cash EOYFMV | $581,001 | CashEOYFMVAmt |
| Corporate Stock BOY | $0 | CorporateStockBOYAmt |
| Corporate Stock EOY | $30,396,000 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $30,396,000 | CorporateStockEOYFMVAmt |
| Other Assets BOY | $0 | OtherAssetsBOYAmt |
| Other Assets EOY | $43,479 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $43,479 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $0 | TotalAssetsBOYAmt |
| Total Assets EOY | $31,020,480 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $31,020,480 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $0 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $1,001 | AccountsPayableEOYAmt |
| Grants Payable BOY | $0 | GrantsPayableBOYAmt |
| Grants Payable EOY | $580,000 | GrantsPayableEOYAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $581,001 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning EOY | $30,439,479 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $0 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $30,439,479 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $0 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $31,020,480 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $0 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $33,567,479 | ExcessRevenueOverExpensesAmt |
| Subtotal | $33,567,479 | SubtotalAmt |
| Other Decreases | $3,128,000 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $30,439,479 | TotNetAstOrFundBalancesEOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cap Gains Loss Tx Invst Incm Detail | CapGainsLossTxInvstIncmDetail |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $0 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $0 | SubtotalAmt |
| Tax Based On Investment Income | $0 | TaxBasedOnInvestmentIncomeAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Total Payments And Credits | $0 | TotalPaymentsAndCreditsAmt |
| Tax Due | $0 | TaxDueAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | MI | OrgReportOrRegisterStateCd |
| Org Report Or Register State | NC | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | Yes (true) | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | WWW.ALLY.COM/ABOUT/SOCIAL-IMPACT/GRANTS/ | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MICHAEL RIZER | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 9803128320 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 601 SOUTH TYRON STREET | AddressLine1Txt |
| City | CHARLOTTE | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 28202 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | Yes (true) | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | false | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | false | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Undistr Incm Sect4942a2 Not App | false | UndistrIncmSect4942a2NotAppInd |
| Business Holdings | false | BusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (10 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| MICHAEL RIZER | ||||||||
| 601 SOUTH TRYON STREET | CHARLOTTE | NC | 28202 | PRESIDENT | 30.0 | $0 | $0 | $0 |
| JAN BERGESON | ||||||||
| 200 WEST CIVIC CENTER DRIVE | SANDY | UT | 84070 | VICE PRESIDENT | 5.0 | $0 | $0 | $0 |
| JACQUELINE HOWARD | ||||||||
| 500 Woodward Avenue | Detroit | MI | 48226 | SECRETARY | 5.0 | $0 | $0 | $0 |
| MEGHAN RYAN | ||||||||
| 601 SOUTH TRYON STREET | CHARLOTTE | NC | 28202 | TREASURER | 5.0 | $0 | $0 | $0 |
| JOYCE DANIELS | ||||||||
| 601 SOUTH TRYON STREET | CHARLOTTE | NC | 28202 | ASSISTANT SECRETARY | 5.0 | $0 | $0 | $0 |
| MARY FRENCH | ||||||||
| 601 SOUTH TRYON STREET | CHARLOTTE | NC | 28202 | ASSISTANT SECRETARY | 5.0 | $0 | $0 | $0 |
| ANDREA BRIMMER | ||||||||
| 601 SOUTH TRYON STREET | CHARLOTTE | NC | 28202 | DIRECTOR | 5.0 | $0 | $0 | $0 |
| JENNIFER LACLAIR | ||||||||
| 601 SOUTH TRYON STREET | CHARLOTTE | NC | 28202 | DIRECTOR | 5.0 | $0 | $0 | $0 |
| DIANE MORAIS | ||||||||
| 601 SOUTH TRYON STREET | CHARLOTTE | NC | 28202 | DIRECTOR | 5.0 | $0 | $0 | $0 |
| ALISON SUMMERVILLE | ||||||||
| 601 SOUTH TRYON STREET | CHARLOTTE | NC | 28202 | DIRECTOR | 5.0 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Summary Of Direct Chrtbl Acty | SummaryOfDirectChrtblActyGrp | |
| Sum Of Program Related Invst | SumOfProgramRelatedInvstGrp |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $1,281,759 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $53,954 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $1,335,713 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $1,335,713 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $20,036 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $1,315,677 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $59,673 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $59,673 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $0 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $0 | TotalTaxAmt |
| Distributable Before Adj | $59,673 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $59,673 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $59,673 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,699,800 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Charitable Assets Acquis Paid | $0 | CharitableAssetsAcquisPaidAmt |
| Set Aside Suitability Test | $0 | SetAsideSuitabilityTestAmt |
| Set Aside Cash Distri Test | $0 | SetAsideCashDistriTestAmt |
| Qualifying Distributions | $1,699,800 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $0 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $1,699,800 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $59,673 | DistributableAsAdjustedAmt |
| Prior Year1 | 2018 | PriorYear1Yr |
| Prior Year2 | 2017 | PriorYear2Yr |
| Prior Year3 | 2016 | PriorYear3Yr |
| Qualifying Distributions | $1,699,800 | QualifyingDistributionsAmt |
| Applied To Current Year | $59,673 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $1,640,127 | RemainingDistriFromCorpusAmt |
| Total Corpus | $1,640,127 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov To Next Yr | $1,640,127 | ExcessDistriCyovToNextYrAmt |
| Excess From Current Year | $1,640,127 | ExcessFromCurrentYearAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundationsGrp |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | NONE | ContributingManagerNm |
| Shareholder Manager | NONE | ShareholderManagerNm |
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | ALLY CHARITABLE FOUNDATION | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 601 SOUTH TRYON STREET | AddressLine1Txt |
| City | CHARLOTTE | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 28202 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 9803128320 | RecipientPhoneNum |
| Form And Info And Materials | APPLICATIONS SHOULD BE SUBMITTED ONLINE BY VISITING WWW.ALLY.COM/ABOUT/SOCIAL-IMPACT/GRANTS/. | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | NONE | SubmissionDeadlinesTxt |
| Restrictions On Awards | THE ORGANIZATION MUST HAVE AN APPROVED 501(C)(3) TAX-EXEMPT PUBLIC CHARITY STATUS. | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (53 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt | Address Line2RecipientUSAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|---|---|
| 100 Black Men of Greater Detroit Inc | ||||||||
| 1 FORD PLACE | DETROIT | MI | 48202 | NONE | PC | Project Success Mentoring Program | $15,000 | |
| ABA Community Engagement Foundation | ||||||||
| 1120 Connecticut Avenue NW | Washington | DC | 20036 | None | PC | ABA Foundation "Million Minds" Program | $15,000 | |
| ASPIRE Community Capital | ||||||||
| 1800 Camden Road 107-153 | Charlotte | NC | 28203 | None | PC | Empowering Entrepreneurs through Access to Resources | $10,000 | |
| Big Brothers Big Sisters of Central Carolinas | ||||||||
| 3801 East Independence Blvd | Charlotte | NC | 28205 | None | PC | Beyond School Walls Partnership with Eastway Middle School | $38,000 | |
| Big Brothers Big Sisters of Metropolitan Detroit | ||||||||
| 2470 Collingwood Street | Detroit | MI | 48206 | None | PC | Site-based mentoring project | $46,200 | Suite 218 |
| Boys & Girls Clubs of Southeastern Michigan | ||||||||
| 26777 Halsted Road | Farmington Hills | MI | 48331 | None | PC | Passport to Manhood and SMART Girls | $35,000 | Suite 100 |
| Boys Hope Girls Hope of Detroit | ||||||||
| PO Box 21085 | Detroit | MI | 48221 | None | PC | Funding the Future Project | $5,000 | |
| Cass Community Social Services Inc | ||||||||
| 11745 Rosa Parks Blvd | Detroit | MI | 48206 | None | PC | Fox Family Center - Site Remediation | $50,000 | |
| Charlotte Family Housing | ||||||||
| 300 Hawthorne Lane | Charlotte | NC | 28204 | None | PC | COVID-19 Relief for Charlotte Family Housing | $50,000 | |
| Common Wealth Charlotte Inc | ||||||||
| 5301 Wilkinson Blvd | Charlotte | NC | 28208 | None | PC | COVID-19 One-to-One Financial Counseling | $20,000 | |
| Communities in Schools of Charlotte-Mecklenburg | ||||||||
| 601 East 5th Street | Charlotte | NC | 28202 | None | PC | Building Student Success & Economic Mobility | $20,000 | Suite 300 |
| Community Link Programs of Travelers Aid Society | ||||||||
| 601 East 5th Street | Charlotte | NC | 28202 | None | PC | Empowering Our Neighbors | $25,000 | Suite 200 |
| Cornerstone Education Group | ||||||||
| 306 East 4th Street | Royal Oak | MI | 48067 | None | PC | Career Pathways | $15,000 | |
| Covenant House Michigan | ||||||||
| 2959 Martin Luther King Jr Blvd | Detroit | MI | 48208 | None | PC | Caritas Crisis Shelter | $25,000 | |
| Cranbrook Educational Community | ||||||||
| 39221 Woodward Avenue | Bloomfield Hills | MI | 48304 | None | PC | Money on the Go! Program | $15,000 | |
| Detroit Educational Television Foundation | ||||||||
| 1 Clover Court | Wixom | MI | 48393 | None | PC | One Detroit: Economic Mobility Visibility in Detroit | $15,000 | |
| Detroit Employment Solutions Corporation | ||||||||
| 115 Erskine Street | Detroit | MI | 48201 | None | PC | Grow Detroit's Young Talent (GDYT) - Career Academy Pilot (CAP) | $25,000 | 2nd Floor |
| Detroit Impact Inc Money Matters for Youth | ||||||||
| 9930 Greenfield Road | Detroit | MI | 48227 | None | PC | Money Matters For Youth Summer Camp 2020 | $15,000 | |
| Digi-Bridge | ||||||||
| 1026 Jay Street | Charlotte | NC | 28206 | None | PC | #STEAM Powered Scholars & Families at Bruns Avenue Elementary with Ally Financial | $25,000 | Suite B-128 |
| Downtown Boxing Gym Youth Program | ||||||||
| 6445 East Vernor Highway | Detroit | MI | 48207 | None | PC | Pupils to Professionals Program | $15,000 | |
| Dress For Success Charlotte | ||||||||
| 500-A Clanton Road | Charlotte | NC | 28217 | None | PC | Financial Education | $10,000 | |
| Emerging Industries Training Institute | ||||||||
| 5555 Conner Street | Detroit | MI | 48213 | None | PC | COVID-19 support | $15,000 | Suite 1646 |
| Forgotten Harvest Inc | ||||||||
| 21800 Greenfield Road | Oak Park | MI | 48237 | None | PC | COVID-19 relief efforts | $25,000 | |
| Give Merit Inc | ||||||||
| 10100 Grand River | Detroit | MI | 48204 | None | PC | FATE: For the future, by the future | $20,000 | |
| Gleaners Community Food Bank of Southeastern Michi | ||||||||
| 2131 Beaufait Street | Detroit | MI | 48207 | None | PC | Gleaners COVID-19 Emergency Response | $50,000 | |
| Goodwill Industries of Greater Detroit | ||||||||
| 3111 Grand River Avenue | Detroit | MI | 48208 | None | PC | Goodwill School of Welding | $22,600 | |
| Goodwill Industries of the Southern Piedmont Inc | ||||||||
| 5301 Wilkinson Blvd | Charlotte | NC | 28208 | None | PC | Goodwill Construction Skills Training Center | $25,000 | |
| Greater Steps Scholars | ||||||||
| 220 North Tryon Street | Charlotte | NC | 28202 | None | PC | CHASF Mentor & Career Readiness Program | $10,000 | |
| Johnson C Smith University | ||||||||
| 100 Beatties Ford Road | Charlotte | NC | 28216 | None | PC | JCSU Covid Response - Student Retention & Safety | $50,000 | |
| Junior Achievement USA | ||||||||
| 1 Education Way | Colorado Springs | CO | 80906 | None | PC | 2020 Ally Employee Engagement via JA Programming | $113,000 | |
| Latino Economic Development Center | ||||||||
| 1401 Columbia Road NW | Washington | DC | 20009 | None | PC | Rebuild and Heal MN | $200,000 | Unit C-1 |
| Loaves & Fishes Inc | ||||||||
| 648 Griffith Road | Charlotte | NC | 28217 | None | PC | COVID-19 General Operating Expenses | $50,000 | Suite B |
| Local Iniatives Support Corporation (LISC) | ||||||||
| 28 Liberty Street | New York | NY | 10005 | None | PC | Supporting Black and Hispanic Owned Small Businesses Impacted by Social Unrest -Twin Cities | $100,000 | Floor 34 |
| MeckEd | ||||||||
| 5104 Reagan Drive | Charlotte | NC | 28206 | None | PC | Career Pathways for Economic Mobility | $10,000 | Suite 12 |
| Michigan Council of Women in Technology Foundation | ||||||||
| 1 Towne Square | Southfield | MI | 48076 | None | PC | 2020 Girls Exploring Together - Information Technology (GET-IT) Clubs, Girls GET-IT Day, and Website Design Competition | $20,000 | 6th Floor |
| Midnight Golf Program | ||||||||
| 30100 Telegraph Road | Bingham Farms | MI | 48025 | None | PC | MGP Works Curriculum | $25,000 | Suite 404 |
| NAF | ||||||||
| 218 West 40th Street | New York | NY | 10018 | None | PC | Affording Economic Opportunity to Detroit Youth through NAF Career Academies | $15,000 | 5th Floor |
| North Carolina Council on Economic Education | ||||||||
| 8380 Six Forks Road | Raleigh | NC | 27615 | None | PC | Financial Literacy for LMI Students and Teachers | $25,000 | Suite 102 |
| Province of St Joseph of the Capuchin Order Inc | ||||||||
| 1820 Mt Elliott Street | Detroit | MI | 48207 | None | PC | Capuchin Soup Kitchen | $25,000 | |
| R Bruce Irons Camp Fund DBA Wayfinders | ||||||||
| 725 Providence Road | Charlotte | NC | 28207 | None | PC | College and Career Readiness for Low Income High School Students | $10,000 | |
| Roof Above Inc | ||||||||
| 945 North College Street | Charlotte | NC | 28206 | None | PC | "Close to Home" Capital Campaign | $25,000 | |
| Southern Bancorp Capital Partners | ||||||||
| 400 Hardin Road | Little Rock | AR | 72211 | None | PC | Supporting Black and Hispanic Small Business Owners in Little Rock | $100,000 | Suite 100 |
| Success In Education Foundation | ||||||||
| 111 East Broadway | Salt Lake City | UT | 84111 | None | PC | Code to Success program | $20,000 | Suite 900 |
| Supportive Housing Communities Inc | ||||||||
| 601 East 5th Street | Charlotte | NC | 28202 | None | PC | Response to COVID-19 | $50,000 | Suite 255 |
| The Relatives Inc | ||||||||
| 119 East 8th Street | Charlotte | NC | 28202 | None | PC | Guiding Youth in Crisis to Safety, Stability, and Independence | $20,000 | |
| The Salvation Army | ||||||||
| 615 Slaters Lane | Alexandria | VA | 22314 | None | PC | The Salvation Army Client Financial Empowerment Project | $15,000 | |
| Urban League of Central Carolinas | ||||||||
| 740 West 5th Street | Charlotte | NC | 28202 | None | PC | The ULCC CareerBridge Program | $20,000 | |
| Wayne State University | ||||||||
| 42 West Warren Avenue | Detroit | MI | 48202 | None | PC | Corporate Mentors Program, Powered by Ally 2021 - 2024 | $50,000 | |
| Winning Futures | ||||||||
| 27500 Cosgrove Drive | Warren | MI | 48092 | None | PC | Winning Futures Workforce Prep Program | $15,000 | |
| Working In Support of Education | ||||||||
| 227 East 56th Street | New York | NY | 10022 | None | PC | Financial Literacy Certification Program | $15,000 | Suite 201 |
| Young Womens Christian Association of the Central | ||||||||
| 3420 Park Road | Charlotte | NC | 28209 | None | PC | Financial Literacy for Transitional Housing | $20,000 | |
| Young Womens Christian Association of the Central | ||||||||
| 3420 Park Road | Charlotte | NC | 28209 | None | PC | Year-End COVID Relief Efforts | $35,000 | |
| Zaman International | ||||||||
| 26091 Trowbridge Street | Inkster | MI | 48141 | None | PC | Bayt Al-Zahra Housing Assistance Project | $15,000 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $1,699,800 | TotalGrantOrContriPdDurYrAmt |
Grant Or Contri Apprv For Fut GrantOrContriApprvForFutGrp
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The Salvation Army (Charlotte Area Command) | BusinessNameLine1Txt |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4015 STUART ANDREW BLVD | AddressLine1Txt |
| City | CHARLOTTE | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 28217 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Relationship | NONE | RecipientRelationshipTxt |
| Recipient Foundation Status | PC | RecipientFoundationStatusTxt |
| Grant Or Contribution Purpose | COVID-19 RESPONSE | GrantOrContributionPurposeTxt |
| Amt | $75,000 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Apprv Fut | $75,000 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fees Contracts From Govt Ag | FeesContractsFromGovtAgGrp | |
| Membership Dues And Assmnt | MembershipDuesAndAssmntGrp | |
| Int On Sav And Temp Cash Invst | IntOnSavAndTempCashInvstGrp | |
| Div And Int From Sec Part VII | DivAndIntFromSecPartVIIGrp | |
| Net Rntl Incm Re Debt Fincd Prop | NetRntlIncmReDebtFincdPropGrp | |
| Net Rntl Incm Re Not Debt Fincd Prop | NetRntlIncmReNotDebtFincdProp | |
| Net Rental Income Personal Prop | NetRentalIncomePersonalPropGrp | |
| Other Investment Incm Part VII | OtherInvestmentIncmPartVIIGrp | |
| Gain Sales Ast Oth Than Invntry | GainSalesAstOthThanInvntryGrp | |
| Net Income Loss From Special Evt | NetIncomeLossFromSpecialEvtGrp | |
| Gross Profit Loss Sls Of Invntry | GrossProfitLossSlsOfInvntryGrp |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DEFERRED TAX ASSET | Desc |
| Exclusion | 01 | ExclusionCd |
| Exclusion | $43,479 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $43,479 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $43,479 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp (2 entries)
| ContributorContributorNum | Address Line1ContributorUSAddress/AddressLine1Txt | CityContributorUSAddress/CityNm | State AbbreviationContributorUSAddress/StateAbbreviationCd | ZIPContributorUSAddress/ZIPCd | Total ContributionsTotalContributionsAmt | Noncash ContributionNoncashContributionInd | Person ContributionPersonContributionInd |
|---|---|---|---|---|---|---|---|
| ALLY BANK | |||||||
| 1 | 500 WOODWARD AVENUE | DETROIT | MI | 48226 | $33,524,000 | Yes (X) | |
| ALLY FINANCIAL INC | |||||||
| 2 | 500 WOODWARD AVENUE | DETROIT | MI | 48226 | $1,774,800 | Yes (X) | |
Non Cash Property Contribution NonCashPropertyContributionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Noncash Property | 400,000 SHARES OF CLOUDFLARE STOCK | NoncashPropertyDesc |
| Fair Market Value | $33,524,000 | FairMarketValueAmt |
| Received | 2020-12-18 | ReceivedDt |
Depreciation Schedule DepreciationSchedule
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | 400,000 SHS CLOUDFLARE STOCK | StockNm |
| EOY Book Value | $30,396,000 | EOYBookValueAmt |
| EOYFMV | $30,396,000 | EOYFMVAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DEFERRED TAX ASSET | Desc |
| BOY Book Value | $0 | BOYBookValueAmt |
| EOY Book Value | $43,479 | EOYBookValueAmt |
| EOYFMV | $43,479 | EOYFMVAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | UNREALIZED LOSS ON INVESTMENTS | Desc |
| Amt | $3,128,000 | Amt |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Deferred Tax Asset | Desc |
| Revenue And Expenses Per Books | $43,479 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
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