Abrams Foundation Inc
- Assets
- $101.3m
- Revenue
- $7.9m
- Investments
- $96.9m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 03/2008
- Data as of
- 12/2022
- EIN
- 04-6856820
Organization Overview
Abrams Foundation Inc is located in Boston, MA. The organization was established in 2008. 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. Abrams 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 12/2022, Abrams Foundation Inc generated $7.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.0% each year . All expenses for the organization totaled $6.9m during the year ending 12/2022. While expenses have increased by 7.5% per year over the past 7 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 2014, Abrams Foundation Inc has awarded 198 individual grants totaling $52,642,043. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David C Abrams Director | 2 | $0 | |
Amy Abrams Director | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,000,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,582,371 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $326,997 |
| Capital Gain Net Income | $326,997 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $37,934 |
| Total Revenue | $7,947,302 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $194,191 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $611,222 |
| Total operating and administrative expenses | $950,276 |
| Contributions, gifts, grants paid | $5,954,667 |
| Total expenses and disbursements | $6,904,943 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,210,749 |
| Savings and temporary cash investments | $161,542 |
| 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 | $90,489,866 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $101,312,795 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Abrams Foundation Inc has awarded $5,954,667 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN JOURNALISM PROJECT PURPOSE: GENERAL PURPOSE | $750,000 |
AMERICAN REPERTORY THEATER PURPOSE: TO SUPPORT TWILIGHT: LOS ANGELES, 1992 TICKET SUBSIDY INITIATIVE | $25,000 |
BOYS AND GIRLS CLUBS OF BOSTON PURPOSE: GENERAL PURPOSE | $50,000 |
BARD COLLEGE PURPOSE: IN SUPPORT OF THE BARD PRISON INITIATIVE | $25,000 |
BRAVEN INCORPORATED PURPOSE: GENERAL PURPOSE | $50,000 |
BROWN UNIVERSITY PURPOSE: IN SUPPORT OF BROWN CENTER FOR THE STUDY OF SLAVERY & JUSTICE | $416,667 |