Abrams Family Foundation Inc
- Assets
- $3.1m
- Revenue
- $473.0k
- Investments
- $2.6m
- Employees
- 0
- Location
- New York, NY
- Founding
- 03/1995
- Data as of
- 12/2023
- EIN
- 22-3272343
Organization Overview
Abrams Family Foundation Inc is located in New York, NY. The organization was established in 1995. 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 Family 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 12/2023, Abrams Family Foundation Inc generated $473.0k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $424.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Abrams Family Foundation Inc has awarded 92 individual grants totaling $4,333,789. 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 Trustee | 0.25 | $0 | |
Julie Abrams Leff Trustee | 0.25 | $0 | |
Vicki S Abrams Trustee | 0.25 | $0 | |
William H Abrams Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $290,230 |
| Interest on Savings | $239 |
| Dividends & Interest | $87,393 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $94,321 |
| Capital Gain Net Income | $381,249 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $832 |
| Total Revenue | $473,015 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $167 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $119 |
| Total operating and administrative expenses | $25,300 |
| Contributions, gifts, grants paid | $399,000 |
| Total expenses and disbursements | $424,300 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $450,735 |
| Net Accounts receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $19,237 |
| Total assets | $3,106,549 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $3,500 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,500 |
Grants Awarded
Over the last fiscal year, Abrams Family Foundation Inc has awarded $399,000 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
BROTHERHOOD SISTER SOL PURPOSE: UNRESTRICRED SUPPORT OF ORGANIZATIONS EXEMPT PURPOSE | $25,000 |
FHAO PURPOSE: UNRESTRICRED SUPPORT OF ORGANIZATIONS EXEMPT PURPOSE | $25,000 |
BNAI JESHERUN PURPOSE: UNRESTRICRED SUPPORT OF ORGANIZATIONS EXEMPT PURPOSE | $20,000 |
HADAR PURPOSE: UNRESTRICRED SUPPORT OF ORGANIZATIONS EXEMPT PURPOSE | $150,000 |
JCC HARDEER PURPOSE: UNRESTRICRED SUPPORT OF ORGANIZATIONS EXEMPT PURPOSE | $10,000 |
METROPOLITAN OPERA PURPOSE: UNRESTRICRED SUPPORT OF ORGANIZATIONS EXEMPT PURPOSE | $5,500 |