Abramson Family Foundation
- Assets
- $22.7m
- Revenue
- $2.9m
- Investments
- $21.8m
- Employees
- 0
- Location
- Jupiter, FL
- Founding
- 11/1996
- Data as of
- 06/2024
- 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 06/2024, Abramson Family Foundation generated $2.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (19.8%) each year. All expenses for the organization totaled $8.0m during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Abramson Family Foundation has awarded 121 individual grants totaling $28,836,753. 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
2024
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 |
|---|---|---|---|
Leonard Abramson Trustee | 0 | $0 | |
Nancy Abramson Wolfson Trustee | 0.5 | $73,501 | |
Judith Abramson Felgoise Trustee | 0.5 | $73,501 | |
Marcy Abramson Shoemaker Trustee | 0.5 | $73,501 | |
Joseph M Yohlin Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,000,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $763,533 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $403,216 |
| Capital Gain Net Income | $403,216 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$243,279 |
| Total Revenue | $2,923,470 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $220,503 |
| Other employee salaries and wages | $21,338 |
| Pension plans, employee benefits | $133,109 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $448,658 |
| Contributions, gifts, grants paid | $7,529,418 |
| Total expenses and disbursements | $7,978,076 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $867,842 |
| 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 | $8,963,292 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $22,703,114 |
| 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 $7,529,418 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
CHILDREN'S HOSPITAL OF PHILADELPHIA PURPOSE: CONTRIBUTION PROVIDED | $25,000 |
FOUNDATION FOR THE DEFENSE OF DEMOCRACIES PURPOSE: CONTRIBUTION PROVIDED | $100,000 |
UNIVERSITY OF PENNSYLVANIA PURPOSE: CONTRIBUTION PROVIDED | $600,000 |
UNIVERSITY OF PENNSYLVANIA PURPOSE: CONTRIBUTION PROVIDED | $600,000 |
UNIVERSITY OF PENNSYLVANIA PURPOSE: CONTRIBUTIONS PROVIDED | $600,000 |
UNIVERSITY OF PENNSYLVANIA PURPOSE: CONTRIBUTION PROVIDED | $200,000 |