AltCap’s mission is to empower underserved entrepreneurs by providing accessible capital to pursue their dreams and help our communities thrive.
Altcap’s recent giving is defined by capital that helps businesses and community projects move forward: a $3,851,112 grant to Altcap CA in 2025 and a $1,369,474 grant to AltCap California in 2023 stand out as the largest awards on file. Those grants sit alongside smaller working-capital awards to operating businesses in Kansas City, Olathe, Kansas City, and Blue Springs, showing a funder that uses multiple capital tools rather than a single grantmaking style. The organization’s mission centers on underserved entrepreneurs, and its program mix reflects that through small business lending, microloans, revenue-based financing, loan readiness and credit-building, and New Markets Tax Credits. Altcap also makes program-related investments and operates as a public charity. In practice, the foundation appears to support both business growth and the infrastructure around it, including technical assistance and financing structures for catalytic projects. Recent grants to Equity 2 LLC and Community Capital Fund illustrate that the foundation backs working capital needs as part of its broader access-to-capital approach.
Altcap supports business and community finance across several connected areas. In New Markets Tax Credit work, it serves as a certified Community Development Entity and provides NMTC financing and allocation facilitation for catalytic real estate and business projects. Its small business portfolio also includes direct support for entrepreneurs through the AltCap Your Biz Pitch Competition, which offers cash prizes to for-profit businesses and nonprofits with under $500,000 in annual revenue in Colorado, Kansas, and Missouri. The foundation also funds short-term operating needs. For example, it awarded $25,000 to Diversity Telehealth LLC for working capital, showing how its grantmaking can address immediate liquidity needs for small organizations. Technical support is part of the model as well, with loan readiness, credit-building, and business support services listed among its focus areas.
Altcap’s typical grant size centers on mid-five-figure awards: the 25th percentile is $25,000, the median is $50,457, and the 75th percentile is $83,969. The distribution includes both very large transaction-level awards and smaller operating grants, which suggests a mix of financing structures rather than a single standard grant. The recent grants list shows repeat activity across multiple years, including 2023 and 2025, with several awards for working capital. Altcap is a public charity and also makes program-related investments. It accepts unsolicited applications for some active programs, including its NMTC facilitation work and the AltCap Your Biz Pitch Competition.
$3.9M
$29.3M
$3.8M
$9.4M
Most grants fall between $25K and $84K, with a median of $50K.
25th Percentile
$25K
Median
$50K
75th Percentile
$84K
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Altcap’s giving is concentrated in Missouri, which accounts for 80% of grants in the recipient-state distribution. The recipient country distribution is entirely U.S.-based. On the city level, recent grants reached Los Angeles, Kansas City, Olathe, Kansas City, and Blue Springs. The California awards were the largest by amount, while Kansas City recipients appear repeatedly in smaller working-capital grants. The active program geography also includes Kansas and Nebraska through NMTC-related financing, and Kansas, Missouri, and Colorado through the pitch competition.
Altcap funds small and mid-size organizations, social enterprises, and nonprofit organizations, with an emphasis on underserved entrepreneurs and organizations needing working capital, bridge funding, or cash-flow stabilization. Its active programs also support catalytic real estate projects and job-creating business investments.
Among the grants on file, the 25th percentile is $25,000, the median is $50,457, and the 75th percentile is $83,969. The recent record also includes much larger NMTC-related awards in the millions, showing a wide range of capital deployment.
Yes for some programs. Altcap accepts unsolicited applications for its New Markets Tax Credits financing and allocation facilitation work, and it also accepts applications for the AltCap Your Biz Pitch Competition. The NMTC financing consulting program itself is listed as not accepting unsolicited applications.
Altcap gives most often in Missouri, which accounts for 80% of grants in the recipient-state distribution. Recent grants also reached Kansas and California, and the recipient country distribution is entirely within the United States.
The clearest cause areas are New Markets Tax Credits financing, small business lending and microloans, business support services and technical assistance, and short-term working-capital support. Recent grants and active programs show a strong link between entrepreneurship, community development, and liquidity support.
2025
Source: IRS Form 990-PF, fiscal year 2025.
Most recent grants reported to the IRS.
| Recipient | Location | Amount | Year | Purpose |
|---|---|---|---|---|
| ALTCAP CA | Los Angeles, CA | $3,851,112In-kind: paid for other related orgs expenses | 2025 | — |
| BROWN SUGA CO LLC | Olathe, KS | $25,000 | 2025 | Working Capital |
| IRIS CREATIVE PROJECTS AGENCY LLC | Kansas City, KS | $10,000 | 2025 | Working Capital |
| The Next Paige | Kansas City, MO | $25,000 | 2024 | working capital |
| Vine Street Brewing LLC | Kansas City, MO | $10,000 | 2024 | working capital |
| Civic Saint LLC | Kansas City, MO | $2,500 | 2024 | working capital |
| H3 Enterprise LLC | Kansas City, MO | $2,500 | 2024 | working capital |
| CodeAlgo LLC | Liberty, MO | $2,500 | 2024 | working capital |
| AltCap California | Los Angeles, CA | $1,369,474 | 2023 | workiing capital |
| Equity 2 LLC | Kansas City, MO | $83,969 | 2023 | working capital |
| Community Capital Fund | Kansas City, MO | $50,457 | 2023 | working capital |
| Diversity Telehealth LLC | Kansas City, MO | $25,000 | 2023 | working capital |
| Sweet Peaches Cobblers LLC | Blue Springs, MO | $10,000 | 2023 | working capital |
ALTCAP CA
$3,851,112In-kind: paid for other related orgs expensesBROWN SUGA CO LLC
$25,000Working Capital
IRIS CREATIVE PROJECTS AGENCY LLC
$10,000Working Capital
The Next Paige
$25,000working capital
Vine Street Brewing LLC
$10,000working capital
Civic Saint LLC
$2,500working capital
Current and upcoming funding from Altcap that your nonprofit may be able to apply for.
Who can apply: Available to all AltCap loan applicants within AltCap service areas and current borrowers regardless of the type of loan sought. Some component programs are market-specific. Participation does not guarantee loan approval.
Deadline: No fixed deadline stated; access begins through the Loan Readiness Quiz.
H3 Enterprise LLC
$2,500working capital
CodeAlgo LLC
$2,500working capital
AltCap California
$1,369,474workiing capital
Equity 2 LLC
$83,969working capital
Diversity Telehealth LLC
$25,000working capital
Sweet Peaches Cobblers LLC
$10,000working capital
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