Abbott Fund

Organization Overview

Abbott Fund is located in Abbott Park, IL. The organization was established in 1953. 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.

For the year ending 12/2020, Abbott Fund generated $10.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (38.8%) each year. All expenses for the organization totaled $28.8m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.

Since 2019, Abbott Fund has awarded 233 individual grants totaling $36,822,916. 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.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2020

Describe the Organization's Program Activity:

Part 3 - Line 4a

CHARITABLE ACTIVITIES IN TANZANIA INCLUDE EXPENDITURES FOR IMPROVING GOVERNMENT-OWNED HOSPITALS, PROVIDING ASSISTANCE TO IMPROVE LIVELIHOODS, AND THE RELOCATION OF THE KURASINI NATIONAL CHILDREN'S HOME.


FUTURE WELL KIDS PROGRAM CHARITABLE ACTIVITIES INCLUDE EXPENDITURES FOR ADDRESSING NON-COMMUNICABLE DISEASES IN IRELAND, MEXICO AND THE UNITED STATES.


TANZANIA OPERATING EXPENSES ARE ADMINISTRATIVE EXPENSES RELATED TO THE EXECUTION OF THE CHARITABLE EXPENSES INCLUDED ABOVE. EXAMPLES ARE: SALARIES AND BENEFITS, TRAVEL, RENT, TELEPHONE AND AUTO EXPENSES.


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Board, Officers & Key Employees

Name (title)Compensation
Name Not Listed
Assistant Treasurer
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Catalysis Llc
$268,523
Discovery Education Inc
$815,000
Public Health Institute
$250,000
Juana Dominquez
$131,960
Rockefeller Philanthropy Advisors
$229,775
View All Vendors

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $114,770
Interest on Savings $0
Dividends & Interest $10,192,949
Net Rental Income$0
Net Gain on Sale of Assets $0
Capital Gain Net Income $0
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $10,307,719

Grants Awarded

Over the last fiscal year, Abbott Fund has awarded $22,808,667 in support to 129 organizations.

Grant RecipientAmount

Santa Barbara, CA

PURPOSE: ABBOTT COVID19 TESTING & TRIAGE SUPPORT PROGRAM

$5,000,000

Chicago, IL

PURPOSE: ENDOWED FUND TO SUPPORT THE ABBOTT ACADEMY DIRECTOR, JOFFREY ACADEMY OF DANCE

$2,400,000

AMERICAN ONLINE GIVING FOUNDATION INC

PURPOSE: MATCHING GRANT PROGRAM

$2,155,782

ROCKEFELLER PHILANTHROPY ADVISORS INC

Org PageRecipient Profile

New York, NY

PURPOSE: ABBOTT FUND CARDIOVASCULAR FELLOWSHIP PROGRAM

$1,800,000

AMERICAN ONLINE GIVING FOUNDATION INC

PURPOSE: EMPLOYEE GIVING

$1,488,601

UNIVERSITY OF THE PACIFIC

Org PageRecipient Profile

Stockton, CA

PURPOSE: DIABETES EDUCATIONAL PATHWAYS IN STOCKTON

$1,006,200
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Abbott Fund has recieved totaling $28,269.

Awarding OrganizationAmount
Indiana Institute For Global Health Inc

Indianapolis, IN

PURPOSE: humanitarian mission and programs

$28,269
View Grant Recipient Profile

Peer Organizations

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