Abramson Family Foundation
- Assets
- $30.4m
- Revenue
- $4.0m
- Investments
- $26.5m
- Employees
- 0
- Location
- Jupiter, FL
- Founding
- 11/1996
- Data as of
- 06/2022
- EIN
- 31-1482888
Organization Overview
Abramson Family Foundation is located in Jupiter, FL. The organization was established in 1996. 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. Abramson 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 06/2022, Abramson Family Foundation generated $4.0m in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $10.1m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Abramson Family Foundation has awarded 62 individual grants totaling $14,271,595. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marcy Abramson Shoemaker Trustee | 0.5 | $145,447 | |
Judith Abramson Felgoise Trustee | 0.5 | $145,447 | |
Nancy Abramson Wolfson Trustee | 0.5 | $145,447 | |
Joseph M Yohlin Trustee | 0 | $0 | |
Leonard Abramson Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,500,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $257,837 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $73,610 |
| Capital Gain Net Income | $73,610 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $192,973 |
| Total Revenue | $4,024,420 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $436,341 |
| Other employee salaries and wages | $31,158 |
| Pension plans, employee benefits | $134,826 |
| Interest | $0 |
| Taxes | $24,047 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $737,477 |
| Contributions, gifts, grants paid | $9,320,908 |
| Total expenses and disbursements | $10,058,385 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,855,660 |
| Savings and temporary cash investments | $0 |
| 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 | $9,660,656 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $30,403,816 |
| 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, Abramson Family Foundation has awarded $9,320,908 in support to 38 organizations.
| Grant Recipient | Amount |
|---|---|
Jupiter, FL PURPOSE: GENERAL | $2,000,000 |
UNIVERSITY OF PENNSYLVANIA PURPOSE: GENERAL | $2,000,000 |
CHILDREN'S HOSPITAL OF PHILADELPHIA PURPOSE: GENERAL | $1,250,000 |
CHILDREN'S HOSPITAL OF PHILADELPHIA PURPOSE: GENERAL | $1,250,000 |
UNIVERSITY OF PENNSYLVANIA PURPOSE: GENERAL | $600,000 |
UNIVERSITY OF PENNSYLVANIA PURPOSE: GENERAL | $600,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Leslie L Alexander Foundation Delray Beach, FL | $372,501,228 | $8,282,313 |
Publix Super Markets Charities Inc Lakeland, FL | $259,322,738 | $58,315,085 |
O Wayne Rollins Foundation Atlanta, GA | $468,654,801 | $21,609,282 |
Goizueta Foundation Inc Atlanta, GA | $444,757,286 | $34,966,270 |
The Marie-Josee And Henry R Kravis Foundation West Palm Beach, FL | $65,193,748 | $101,287,799 |
Peter@degeorge Family Foundation Inc Palm Beach Gardens, FL | $1,828,456 | $678,712 |
The Batchelor Foundation Inc Miami Beach, FL | $358,630,434 | $9,326,509 |
Lettie Pate Evans Foundation Inc Atlanta, GA | $69,308,402 | $17,897,458 |
Cornelia T Bailey Charitable Trust West Palm Beach, FL | $355,586,591 | $19,852,168 |
James M Cox Foundation Of Ga Inc Atlanta, GA | $0 | $81,966,247 |
Georgia Power Foundation Inc In Receivership Atlanta, GA | $222,309,509 | $29,809,906 |
Bobbie Bailey Foundation Inc Tucker, GA | $24,485,053 | $1,564,197 |