Abington Foundation
- Assets
- $38.7m
- Revenue
- $6.0m
- Investments
- $37.6m
- Employees
- 0
- Location
- Cleveland, OH
- Founding
- 12/1983
- Data as of
- 12/2021
- 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 12/2021, Abington Foundation generated $6.0m in total revenue. All expenses for the organization totaled $2.2m during the year ending 12/2021. While expenses have increased by 5.9% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Abington Foundation has awarded 133 individual grants totaling $3,621,659. 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 | |
Allen H Ford Life Trustee | 2 | $0 | |
Dylan Ford Trustee | 2 | $0 | |
David K Ford Trustee | 2 | $0 | |
Alyssia Daley Trustee | 2 | $0 | |
Ned Ford Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,855,582 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,172,178 |
| Capital Gain Net Income | $3,172,178 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,701 |
| Total Revenue | $6,029,461 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $40,100 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $35,809 |
| Total operating and administrative expenses | $350,500 |
| Contributions, gifts, grants paid | $1,834,992 |
| Total expenses and disbursements | $2,185,492 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,105,625 |
| 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 | $11,342,966 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $38,693,202 |
| 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 $1,834,992 in support to 72 organizations.
| Grant Recipient | Amount |
|---|---|
CLEVELAND METROPOLITAN SCHOOL DISTRICT PURPOSE: TO DEVELOP A SUPPORT AND RETENTION PROGRAM FOR PRINCIPALS | $185,000 |
SAY YES CLEVELAND SCHOLARSHIP INC PURPOSE: FOR HIGHER EDUCATION TUITION SCHOLARSHIPS FOR CMSD HIGH SCHOOL GRADUATES. | $166,667 |
Fairfield, OH PURPOSE: FOR PROGRAM SUPPORT | $50,000 |
Cleveland, OH PURPOSE: TO PROVIDE INTEGRATED, SCHOOL-BASED HEALTH SERVICES TO CMSD STUDENTS FOR THE 2021-22 SCHOOL YEAR | $50,000 |
Cleveland, OH PURPOSE: FOR CMSD ACADEMIC LEARNING PODS INITIATIVE | $50,000 |
Cleveland, OH PURPOSE: TO EXPAND FRESH PRODUCE DISTRIBUTION | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Douglas & Maria Devos Foundation Grand Rapids, MI | $79,921,409 | $9,501,037 |
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
Fred F Silk Charitable Foundation Louisville, OH | $0 | $2,703,630 |
Jewish Foundation Of Cincinnati Cincinnati, OH | $344,322,004 | $65,111,190 |
Charles F Kettering Foundation Dayton, OH | $413,895,327 | $17,762,033 |
Jay And Jeanie Schottenstein Foundation Columbus, OH | $12,858,446 | $29,259,001 |
Susquehanna Foundation Bala Cynwyd, PA | $640,733,550 | $61,262,452 |
The Lozick Family Foundation Pepper Pike, OH | $264,438,182 | $44,457,050 |
Humana Foundation Inc Louisville, KY | $467,311,073 | $9,744,567 |
Dow Company Foundation Bay City, MI | $175,531,548 | $110,489,699 |