Abbvie Foundation

Organization Overview

Abbvie Foundation is located in North Chicago, IL. The organization was established in 2013. 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. Abbvie 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, Abbvie Foundation generated $4.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $44.8m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Abbvie Foundation has awarded 19,017 individual grants totaling $182,821,208. 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

2021

Describe the Organization's Program Activity:

Part 3 - Line 4a

NONE


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Board, Officers & Key Employees

Name (title)Compensation
Name Not Listed
Treasurer
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Executive Medical Services Pc
$1,879,800
Simpson Thacher & Bartlett Llp
$98,092
View All Vendors

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $211
Interest on Savings $198,099
Dividends & Interest $3,811,143
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 $605
Total Revenue $4,010,058

Grants Awarded

Over the last fiscal year, Abbvie Foundation has awarded $41,728,245 in support to 167 organizations.

Grant RecipientAmount

THE BLACKBAUD GIVING FUND

Org PageRecipient Profile

Charleston, SC

PURPOSE: MATCHING GRANTS

$12,368,436

UNITED NEGRO COLLEGE FUND

Org PageRecipient Profile

Washington, DC

PURPOSE: UNCF HEALTHCARE WORKFORCE DIVERSITY PROGRAM

$2,400,000

YEAR UP INC

PURPOSE: YEAR UP: CLOSING THE OPPORTUNITY DIVIDE

$2,000,000

UNIVERSITY OF CHICAGO

Org PageRecipient Profile

Chicago, IL

PURPOSE: SHAPING THE FUTURE OF CANCER RESEARCH AND CARE

$2,000,000

Santa Barbara, CA

PURPOSE: FUND FOR HEALTH EQUITY

$1,900,000

FOUNDATION FOR THE CAROLINAS

Org PageRecipient Profile

Charlotte, NC

PURPOSE: ABBVIE EMPLOYEE RELIEF FUND

$1,780,000
View Grant Profile

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