Abbott Fund
- Assets
- $13.1m
- Revenue
- $10.3m
- Investments
- $1.3m
- Employees
- 0
- Location
- Abbott Park, IL
- Founding
- 02/1953
- Data as of
- 12/2020
- EIN
- 36-6069793
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.
Form
990PF
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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Assistant Treasurer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Catalysis Llc | 12/30/20 | $268,523 |
Discovery Education Inc | 12/30/20 | $815,000 |
Public Health Institute | 12/30/20 | $250,000 |
Juana Dominquez | 12/30/20 | $131,960 |
Rockefeller Philanthropy Advisors | 12/30/20 | $229,775 |
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 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $141,000 |
| Depreciation | $34,953 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,357,107 |
| Total operating and administrative expenses | $8,647,545 |
| Contributions, gifts, grants paid | $20,152,948 |
| Total expenses and disbursements | $28,800,493 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,430,311 |
| Savings and temporary cash investments | $10,032,428 |
| 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 | $193,783 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $100,615 |
| Other assets | $8,130 |
| Total assets | $13,073,678 |
| Accounts payable and accrued expenses | $771,039 |
| Grants payable | $4,071,894 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $4,900,301 |
| Total liabilities | $9,743,234 |
Grants Awarded
Over the last fiscal year, Abbott Fund has awarded $22,808,667 in support to 129 organizations.
| Grant Recipient | Amount |
|---|---|
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 |
New York, NY PURPOSE: ABBOTT FUND CARDIOVASCULAR FELLOWSHIP PROGRAM | $1,800,000 |
AMERICAN ONLINE GIVING FOUNDATION INC PURPOSE: EMPLOYEE GIVING | $1,488,601 |
Stockton, CA PURPOSE: DIABETES EDUCATIONAL PATHWAYS IN STOCKTON | $1,006,200 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Abbott Fund has recieved totaling $28,269.
| Awarding Organization | Amount |
|---|---|
Indiana Institute For Global Health Inc Indianapolis, IN PURPOSE: humanitarian mission and programs | $28,269 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lumina Foundation For Education Inc Indianapolis, IN | $1,274,092,392 | $124,890,321 |
Grainger Foundation Inc Lake Forest, IL | $173,157,729 | $10,585,156 |
Fulk Family Foundation Inc Chicago, IL | $0 | $12,792,339 |
Enterprise Holdings Foundation Clayton, MO | $382,656,366 | $81,414,813 |
Hall Family Foundation Kansas City, MO | $881,677,518 | $43,313,571 |
Caterpillar Foundation Peoria, IL | $93,606,659 | $54,411,827 |
Allstate Foundation Northbrook, IL | $133,045,947 | $53,226,668 |
Pritzker Foundation Chicago, IL | $403,405,415 | $26,713,176 |
Abbott Fund Abbott Park, IL | $13,073,678 | $10,307,719 |
Richard O Jacobson Foundation Inc Des Moines, IA | $0 | $21,500,018 |
Centene Charitable Foundation St Louis, MO | $0 | $29,300,416 |
P H P Inc Hopkinsville, KY | $1,496,354 | $24,438,058 |