Abrams Foundation Inc
- Assets
- $0.0
- Revenue
- $18.9m
- Investments
- $82.0m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 03/2008
- Data as of
- 12/2020
- EIN
- 04-6856820
Organization Overview
Abrams Foundation Inc is located in Boston, MA. The organization was established in 2008. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Abrams Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2020, Abrams Foundation Inc generated $18.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 40.1% each year . All expenses for the organization totaled $8.5m during the year ending 12/2020. While expenses have increased by 12.6% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Abrams Foundation Inc has awarded 172 individual grants totaling $46,687,376. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David C Abrams Director | 2 | $0 | |
Amy Abrams Director | 25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $14,000,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $859,612 |
| Profit on Inventory Sales | $0 |
| Other Income | $521 |
| Total Revenue | $18,931,017 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $622,735 |
| Contributions, gifts, grants paid | $7,871,500 |
| Total expenses and disbursements | $8,494,235 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,876,857 |
| Investments—mortgage loans | $0 |
| Investments—other | $76,101,492 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Abrams Foundation Inc has awarded $8,329,667 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: IN SUPPORT OF AMERICA'S CULTURAL TREASURES | $2,500,000 |
New York, NY PURPOSE: FELLOWSHIP GRANT, SUPPORT OF PROPUBLICA LOCAL REPORTING NETWORK | $1,550,000 |
Boston, MA PURPOSE: IN SUPPORT OF THE CAPITAL CAMPAIGN | $1,250,000 |
Boston, MA PURPOSE: INITIATIVES OF FRONTLINE | $708,000 |
Miami, FL PURPOSE: IN SUPPORT OF NEWSMATCH AND LEGAL CLINIC FUND | $650,000 |
BROWN UNIVERSITY PURPOSE: IN SUPPORT OF BROWN CENTER FOR THE STUDY OF SLAVERY & JUSTICE | $416,667 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Tansy Charitable Foundation New York, NY | $325,076,608 | $77,631,295 |
Eastern Bank Charitable Foundation Lynn, MA | $286,575,476 | $18,352,628 |
G Harold And Leila Mathers Charitable Foundation Rye Brook, NY | $96,045,942 | $16,941,265 |
Elms Foundation Providence, RI | $0 | -$22,907 |
Thomas L Kempner Jr Foundation Inc Southampton, NY | $328,355,645 | $44,754,721 |