Abstraction Fund
- Assets
- $0.0
- Revenue
- $86.6k
- Investments
- $602.0k
- Employees
- 0
- Location
- New York, NY
- Founding
- 08/2006
- Data as of
- 12/2020
- EIN
- 20-5327719
Organization Overview
Abstraction Fund is located in New York, NY. 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. Abstraction Fund 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, Abstraction Fund generated $86.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (60.6%) each year. All expenses for the organization totaled $342.9k during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Abstraction Fund has awarded 61 individual grants totaling $420,500. 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 |
|---|---|---|---|
Joel Zbar Director | 0.25 | $0 | |
Nina Rosenwald President, Treasurer | 2 | $0 | |
Georgette Gelbard Secretary | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $40,797 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $86,645 |
| 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 | $160,902 |
| Contributions, gifts, grants paid | $182,000 |
| Total expenses and disbursements | $342,902 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $552,275 |
| Investments—mortgage loans | $0 |
| Investments—other | $311,609 |
| Other assets | $16,731 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $36,182 |
Grants Awarded
Over the last fiscal year, Abstraction Fund has awarded $238,500 in support to 35 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: GENERAL PURPOSE | $30,000 |
NYU LANGONE MEDICAL CENTER PURPOSE: GENERAL PURPOSE | $25,000 |
Mamaroneck, NY PURPOSE: GENERAL PURPOSE | $15,000 |
AMERICAN FRIENDS OF BAR-ILAN UNIVERSITY PURPOSE: GENERAL PURPOSE | $10,000 |
Bethesda, MD PURPOSE: GENERAL PURPOSE | $10,000 |
Vista, CA PURPOSE: GENERAL PURPOSE | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Druckenmiller Foundation New York, NY | $1,579,806,367 | $402,828,458 |
Rockefeller Brothers Fund Inc New York, NY | $1,654,004,790 | $94,665,303 |
Adelson Family Foundation Needham, MA | $5,626,414 | $49,822,227 |
Anna Maria And Stephen Kellen Foundation Inc New York, NY | $1,287,407,560 | $57,361,611 |
The Wallace Foundation New York, NY | $1,815,949,042 | $114,535,478 |
Oberkotter Foundation Philadelphia, PA | $83,021,123 | $23,009,013 |
Stephen A Schwarzman Foundation New York, NY | $124,156,635 | $61,557,254 |
Pepsico Foundation Inc Purchase, NY | $25,033,678 | $1,734,936 |
Pnc Foundation Pittsburgh, PA | $218,373,148 | $3,451,991 |
Foundation Mireille And James Levy Usa New York, NY | $36,878,233 | $277,701 |
The Bat Hanadiv Foundation No 3 New York, NY | $1,717,297,999 | $245,079,951 |
Big East Conference Inc New York, NY | $25,429,264 | $59,716,596 |