Abington Foundation
- Assets
- $33.5m
- Revenue
- $397.6k
- Investments
- $32.4m
- Employees
- 0
- Location
- Cleveland, OH
- Founding
- 12/1983
- Data as of
- 12/2023
- EIN
- 34-1404854
Organization Overview
Abington Foundation is located in Cleveland, OH. The organization was established in 1983. 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. Abington 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 12/2023, Abington Foundation generated $397.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (41.6%) each year. All expenses for the organization totaled $1.8m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Abington Foundation has awarded 267 individual grants totaling $6,716,825. 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 |
|---|---|---|---|
Hope Murphy Trustee | 2 | $0 | |
John Ford Trustee | 2 | $0 | |
Sarah Ford Whitener President | 2 | $0 | |
David Ford Jr Treasurer | 2 | $0 | |
Charles K Ford PHD Vice Pres/secy | 2 | $0 | |
Ned Ford Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $834,191 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$436,698 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $112 |
| Total Revenue | $397,605 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $4,819 |
| Printing and publications | $0 |
| Other expenses | $18,269 |
| Total operating and administrative expenses | $285,163 |
| Contributions, gifts, grants paid | $1,513,500 |
| Total expenses and disbursements | $1,798,663 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,097,496 |
| 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 | $7,819,150 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $33,513,413 |
| 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, Abington Foundation has awarded $1,513,500 in support to 70 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICA SCORES CLEVELAND PURPOSE: FOR LITERACY AND FITNESS YOUTH DEVELOPMENT PROGRAMMING IN FY24 | $25,000 |
ART HOUSE INC PURPOSE: FOR URBAN BRIGHT RESIDENCIES IN CLEVELAND SCHOOLS | $15,000 |
ARTS IMPACT PURPOSE: FOR STEAM RESIDENCIES IN CMSD SCHOOLS IN 2023-24 | $12,000 |
BEECH BROOK PURPOSE: FOR SCHOOL-BASED MENTAL HEALTH SERVICES FOR CMSD | $15,000 |
MEDWORKS PURPOSE: FOR HEALTHCARE CLINICS IN 2023 | $30,000 |
LUTHERAN METROPOLITAN MINISTRY PURPOSE: TO PROVIDE GUARDIANSHIP SUPPORT TO VULNERABLE ADULTS IN 2023 | $15,000 |