The Abell Foundation Inc
- Assets
- $398.4m
- Revenue
- $42.5m
- Investments
- $353.7m
- Employees
- 0
- Location
- Baltimore, MD
- Founding
- 03/1955
- Data as of
- 12/2021
- EIN
- 52-6036106
Organization Overview
The Abell Foundation Inc is located in Baltimore, MD. The organization was established in 1955. 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. 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, Abell Foundation Inc generated $42.5m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 39.5% each year . All expenses for the organization totaled $19.4m during the year ending 12/2021. While expenses have increased by 1.1% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Abell Foundation Inc has awarded 954 individual grants totaling $39,499,223. 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:
OFFICE OF THE MAYOR:WARRANT SERVICE ANALYST- IN SUPPORT OF A WARRANT SERVICE ANALYST WHO WILL ASSIST WITH EVALUATING AND RECONFIGURING BALTIMORE CITY'S WARRANT SERVICE TO FOCUS ON VIOLENT AND REPEAT OFFENDERS.GENERAL PROGRAM SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert C Embry Jr President | 37.5 | $306,755 | |
Eileen M O'rourke CFO | 37.5 | $269,541 | |
Kathleen Larkin Managing Director, A | 37.5 | $181,632 | |
Frances M Keenan Senior VP | 37.5 | $159,659 | |
Elizabeth Harber Sr. Program Officer | 37.5 | $144,823 | |
Sarah Manekin Managing Director, R | 37.5 | $140,311 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fish & Richardson Pc | 12/30/21 | $162,423 |
Hogan & Lovells Us Llp | 12/30/21 | $234,612 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,694 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,842,245 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $39,525,739 |
| Capital Gain Net Income | $40,654,478 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$862,208 |
| Total Revenue | $42,510,470 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $753,272 |
| Other employee salaries and wages | $1,554,181 |
| Pension plans, employee benefits | $914,564 |
| Interest | $0 |
| Taxes | $604,715 |
| Depreciation | $22,560 |
| Occupancy | $213,256 |
| Travel, conferences, and meetings | $7,197 |
| Printing and publications | $147,373 |
| Other expenses | $394,849 |
| Total operating and administrative expenses | $5,075,013 |
| Contributions, gifts, grants paid | $14,370,581 |
| Total expenses and disbursements | $19,445,594 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $38,530,092 |
| Net Accounts receivable | $467,271 |
| 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 | $30,344 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $43,529,647 |
| Net Land, buildings, and equipment | $74,345 |
| Other assets | $5,571,750 |
| Total assets | $398,354,670 |
| Accounts payable and accrued expenses | $38,031,594 |
| Grants payable | $4,678,169 |
| 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 | $42,709,763 |
Grants Awarded
Over the last fiscal year, The Abell Foundation Inc has awarded $20,822,977 in support to 485 organizations.
| Grant Recipient | Amount |
|---|---|
Baltimore, MD PURPOSE: EDUCATION | $375,000 |
Baltimore, MD PURPOSE: ARTS AND CULTURE | $333,333 |
Baltimore, MD PURPOSE: WORKFORCE DEVELOPMENT | $300,000 |
Baltimore, MD PURPOSE: HEALTH AND HUMAN SERVICES | $300,000 |
THREAD INC PURPOSE: EDUCATION | $300,000 |
BALTIMORE'S PROMISE FUND FOR EDUCATIONAL EXCELLENCE PURPOSE: EDUCATION | $300,000 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that The Abell Foundation Inc has recieved totaling $0.
| Awarding Organization | Amount |
|---|---|
Laura And John Arnold Foundation Houston, TX PURPOSE: TO SUPPORT EVIDENCE-BASED LAW ENFORCEMENT STRATEGIES. | $100,000 |
Laura And John Arnold Foundation Houston, TX PURPOSE: TO SUPPORT EVIDENCE-BASED LAW ENFORCEMENT STRATEGIES. | $100,000 |
Laura And John Arnold Foundation Houston, TX PURPOSE: GRANT PAID THAT WAS TREATED AS DISTRIBUTION OF CORPUS UNDER TREAS REG 53.4942(A)-3. | -$100,000 |
Laura And John Arnold Foundation Houston, TX PURPOSE: GRANT PAID THAT WAS TREATED AS DISTRIBUTION OF CORPUS UNDER TREAS REG 53.4942(A)-3. | -$100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Claws Foundation Reston, VA | $37,055,234 | $1,734,426 |
J Howard Pew Freedom Tr Philadelphia, PA | $675,828,558 | $64,346,772 |
J Willard And Alice S Marriott Foundation Bethesda, MD | $441,340,618 | $31,840,539 |
Mccune Foundation Pittsburgh, PA | $180,488,577 | $38,182,239 |
Jack Kent Cooke Foundation Lansdowne, VA | $883,502,508 | $42,942,790 |
Aurora Foundation Wilmington, DE | $762,186,529 | $34,829,057 |
Dietrich Foundation Pittsburgh, PA | $1,425,693,584 | $93,476,192 |
Bainum Family Foundation Bethesda, MD | $0 | $60,288,788 |
The Morningstar Philanthropic Foundation Bethesda, MD | $552,631,179 | $17,887,743 |
Wyncote Foundation Philadelphia, PA | $612,779,360 | $16,336,575 |
Danville Regional Foundation Danville, VA | $280,479,931 | $21,605,962 |
Freedom Forum Inc Laurel, MD | $0 | $16,145,029 |