Bruce C Abrams Family Foundation
- Assets
- $2.8m
- Revenue
- $204.7k
- Investments
- $2.4m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 11/2006
- Data as of
- 12/2022
- EIN
- 14-1917252
Organization Overview
Bruce C Abrams Family Foundation is located in Chicago, IL. The organization was established in 2006. 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. Bruce C Abrams Family Foundation 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 12/2022, Bruce C Abrams Family Foundation generated $204.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (17.0%) each year. All expenses for the organization totaled $281.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Bruce C Abrams Family Foundation has awarded 110 individual grants totaling $1,467,128. 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 |
|---|---|---|---|
Nancy C Cohen President/director | 1 | $0 | |
Byron Canvasser Vice President/director | 1 | $0 | |
Robert Canvasser Sec/treas/director | 2 | $0 | |
Lindsay Abrams Richter Director/executive Directo | 5 | $0 | |
Alec Abrams Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,000 |
| Interest on Savings | $4,475 |
| Dividends & Interest | $142,540 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $52,636 |
| Capital Gain Net Income | $52,636 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $204,651 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,726 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,023 |
| Total operating and administrative expenses | $51,542 |
| Contributions, gifts, grants paid | $230,123 |
| Total expenses and disbursements | $281,665 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $382,357 |
| Net Accounts receivable | $16,704 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,409,695 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,808,756 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Bruce C Abrams Family Foundation has awarded $230,123 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
ACTIVE MINDS INC PURPOSE: ACTIVE MINDS @ WORK PROJECT | $40,000 |
AMERICAN FOUNDATION FOR SUICIDE PREVENTION PURPOSE: FOR THE CHICAGOLAND OUT OF DARKNESS WALK | $5,000 |
INDEGO AFRICA PROJECT PURPOSE: EXEMPT PURPOSE OF ORGANIZATION | $16,036 |
GOLDMAN SACHS PHILANTHROPY FUND PURPOSE: EXEMPT PURPOSE OF ORGANIZATION | $60,000 |
MAKE-A-WISH FOUNDATION OF MICHIGAN PURPOSE: EXEMPT PURPOSE OF ORGANIZATION | $2,500 |
MISHKAN CHICAGO PURPOSE: IN SUPPORT OF "MAGGIE'S PLACE" | $5,000 |