Ally Financial has chosen 50 dealers across the U.S. as nominees for the 2016 TIME Dealer of the Year award.

The annual award is now in its 47th year and serves to recognize the nation’s most successful dealers who also exemplify a commitment to community service.

The nominees — announced by Meredith Long, publisher at TIME; and Tim Russi, president of auto finance at Ally — are part of a group of dealers who will be honored at the upcoming NADA Convention & Expo in Last Vegas on April 1.

For a list of all 2016 TIME Dealer of the Year nominees, click here.

"The TIME Dealer of the Year award nominees are business leaders and pillars of their communities, who have each given generously to support important charitable causes," said Russi. "Ally is proud to honor these dealers, recognize their commitment to local communities, and share their stories of making a difference."

Past winners have included:

• Andy Crews of AutoFair Honda in Manchester, N.H.
• Jeff Teague of Teague Auto Group in El Dorado, Ark.
• Michael Alford of Marine Chevrolet in Jacksonville, N.C.
• Mike Shaw of Mike Shaw Automotive Group in Denver.

These dealers, along with the help of Ally grant funds, have continued to serve their local communities through efforts such as providing supplies to local Boys and Girls clubs, as well as ensuring students can participate in after-school programs and more.

Ally is in its fifth year as the exclusive sponsor for the event, and the company will recognize the 2016 nominees giving $1,000 to each dealer’s charity of choice. In the past, these grants have gone to support community organizations, educational offerings, local nonprofits and more.

The nominees will also be recognized on AllyDealerHeroes.com, which serves as a way for the company to showcase the philanthropic contributions of dealers.

Including the grants pledged for this year, Ally shared it will have committed almost $400,000 as part of the TIME Dealer of the Year program.

To learn more about the 2016 TIME Dealer of the Year nominees, click here.