William S Abell Foundation Inc
- Assets
- $83.2m
- Revenue
- $7.4m
- Investments
- $81.9m
- Employees
- 0
- Location
- Chevy Chase, MD
- Founding
- 06/1986
- Data as of
- 12/2021
- EIN
- 52-1435573
Organization Overview
William S Abell Foundation Inc is located in Chevy Chase, MD. The organization was established in 1986. 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. William S Abell Foundation Inc 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, William S Abell Foundation Inc generated $7.4m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 24.2% each year . All expenses for the organization totaled $3.7m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, William S Abell Foundation Inc has awarded 335 individual grants totaling $10,048,007. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janet R Miller Executive Director | 40 | $205,286 | |
Cindy Work Abell Trustee | 1 | $0 | |
Jessica Ganjamie Trustee | 1 | $0 | |
Aryn Castle Trustee | 1 | $0 | |
Mike Nolan Trustee & Treasurer | 1 | $0 | |
Mary Kathryn Nolan Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Intentional Philanthrophy Llc | 12/30/21 | $68,750 |
Flex Professionals | 12/30/21 | $52,258 |
Rsm Us Llp | 12/30/21 | $94,498 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $854,729 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,467,127 |
| Capital Gain Net Income | $6,467,127 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $95,106 |
| Total Revenue | $7,416,962 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $205,286 |
| Other employee salaries and wages | $118,258 |
| Pension plans, employee benefits | $40,685 |
| Interest | $6,090 |
| Taxes | $105,197 |
| Depreciation | $7,692 |
| Occupancy | $86,155 |
| Travel, conferences, and meetings | $2,092 |
| Printing and publications | $0 |
| Other expenses | $82,363 |
| Total operating and administrative expenses | $1,045,316 |
| Contributions, gifts, grants paid | $2,606,244 |
| Total expenses and disbursements | $3,651,560 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $177,454 |
| Savings and temporary cash investments | $575,876 |
| 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 | $54,333,561 |
| Net Land, buildings, and equipment | $3,446 |
| Other assets | $509,562 |
| Total assets | $83,166,986 |
| Accounts payable and accrued expenses | $80,000 |
| 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 | $80,000 |
Grants Awarded
Over the last fiscal year, William S Abell Foundation Inc has awarded $2,606,244 in support to 80 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: HOMELESS GRANT, SI HOMELESSNESS GRANTS, SI ABUSED WOMEN & CHILDREN GRANTS | $270,000 |
Washington, DC PURPOSE: SI HOMELESSNESS GRANTS, SI ABUSED WOMEN & CHILDREN GRANTS, SI EMERGENCY FUND GRANTS | $225,000 |
PASSION AND COMPASSION INC PURPOSE: HUNGRY GRANT, SI EMERGENCY FUND GRANTS | $141,000 |
CATHOLIC CHARITIES PURPOSE: HUNGRY GRANT, HOMELESS GRANT, NEEDY PREGNANT WOMEN GRANT | $100,000 |
SOCIAL GOOD FUND PURPOSE: HOMELESS GRANT, SI NEIGHBORHOOD INITIATIVE GRANTS | $95,000 |
Kensington, MD PURPOSE: SI INTELLECTUAL DISABILITIES GRANTS | $90,866 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
The Abell Foundation Inc Baltimore, MD | $398,354,670 | $42,510,470 |
Cognizant Us Foundation Washington, DC | $53,711,221 | $1,081,755 |
Bay And Paul Foundations Inc Wilmington, DE | $33,659,644 | $890,121 |
Susquehanna Foundation Bala Cynwyd, PA | $640,733,550 | $61,262,452 |
Operating Engineers Trust Fund Of Washington D C & Vicinity Sparks, MD | $40,754,444 | $17,999,357 |
C Kenneth And Dianne Wright Foundation Henrico, VA | $254,775 | $2,124,209 |
E Rhodes And Leona B Carpenter Foundation Radnor, PA | $250,926,779 | $43,460,229 |
Kahlert Foundation Inc Sykesville, MD | $93,179,960 | $19,162,440 |
Posner Foundation Of Pittsburgh Pittsburgh, PA | $0 | $20,216,193 |