Asbury Foundation Inc

Organization Overview

Asbury Foundation Inc is located in Frederick, MD. The organization was established in 1996. According to its NTEE Classification (T30) the organization is classified as: Public 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 12/2019, Asbury Foundation Inc generated $4.9m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $7.3m during the year ending 12/2019. You can explore the organizations financials more deeply in the financial statements section below.

Since 2016, Asbury Foundation Inc has awarded 23 individual grants totaling $23,152,891. 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 990 Filing

TAX YEAR

2019

Describe the Organization's Mission:

Part 3 - Line 1

SECURING CHARITABLE SUPPORT TO ENHANCE THE LIVES OF PERSONS SERVED BY ASBURY COMMUNITIES, INC. AND ITS SUPPORTED ORGANIZATIONS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ASBURY FOUNDATION SUPPORTS THE OVERALL CHARITABLE ACTIVITIES OF ASBURY ATLANTIC, INC., ASBURY SOLOMONS, INC., INVERNESS VILLAGE, INC., AND ASBURY COMMUNITIES, INC. THROUGH ITS CHARITABLE FUNDRAISING EFFORTS. ASBURY FOUNDATION RAISES FUNDS TO HELP SUPPORT THE BENEVOLENT CARE PROGRAM FOR THE CONTINUING CARE RETIREMENT COMMUNITIES (CCRC'S) OWNED AND OPERATED BY THE SUPPORTED ENTITIES AND HOME CARE SERVICES WITHIN THE ASBURY COMMUNITIES, INC. SYSTEM. THE BENEVOLENT CARE PROGRAM PROVIDES CONFIDENTIAL FINANCIAL ASSISTANCE TO SENIORS BEING SERVED BY ASBURY, WHO, THROUGH NO FAULT OF THEIR OWN, HAVE OUTLIVED THEIR RESOURCES. SEE SCHEDULE O.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$302,477
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$4,336,348
Noncash contributions included in lines 1a–1f $122,480
Total Revenue from Contributions, Gifts, Grants & Similar$4,638,825
Total Program Service Revenue$0
Investment income $747,820
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$472,010
Net Income from Fundraising Events -$34,022
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $4,880,613

Grants Awarded

Over the last fiscal year, Asbury Foundation Inc has awarded $6,504,405 in support to 4 organizations.

Grant RecipientAmount

ASBURY ATLANTIC INC

Org PageRecipient Profile

Frederick, MD

PURPOSE: TO SUPPORT THE EXEMPT PURPOSE OF THE ORGANIZATION.

$6,329,606

INVERNESS VILLAGE

Org PageRecipient Profile

Tulsa, OK

PURPOSE: TO SUPPORT THE EXEMPT PURPOSE OF THE ORGANIZATION.

$147,119

Frederick, MD

PURPOSE: TO SUPPORT THE EXEMPT PURPOSE OF THE ORGANIZATION.

$21,709

ASBURY COMMUNITIES HCBS INC

Org PageRecipient Profile

Frederick, MD

PURPOSE: TO SUPPORT THE EXEMPT PURPOSE OF THE ORGANIZATION.

$5,971
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Asbury Foundation Inc has recieved totaling $5,000.

Awarding OrganizationAmount
The Foundation For Enhancing Communities

Harrisburg, PA

PURPOSE: EDUCATIONAL

$5,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$29,680,552
Earnings-$311,147
Net Contributions$720,068
Ending Balance$30,089,473

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