Abramson Family Foundation Inc
- Assets
- $6.5m
- Revenue
- $177.8k
- Investments
- $6.4m
- Employees
- 0
- Location
- Purchase, NY
- Founding
- 10/1997
- Data as of
- 04/2024
- EIN
- 11-3374949
Organization Overview
Abramson Family Foundation Inc is located in Purchase, NY. The organization was established in 1997. 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. Abramson Family 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 04/2024, Abramson Family Foundation Inc generated $177.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (31.0%) each year. All expenses for the organization totaled $367.9k during the year ending 04/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Abramson Family Foundation Inc has awarded 214 individual grants totaling $3,474,083. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jacob Manczyk Director | 2 | $0 | |
Jill A Manczyk Co-President | 2 | $2,083 | |
Gregg Abramson Co-President | 2 | $0 | |
Lauren Abramson Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $30,317 |
| Dividends & Interest | $95,005 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $52,473 |
| Capital Gain Net Income | $52,473 |
| Net ST Capital Gain | $238 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $177,795 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $2,083 |
| Other employee salaries and wages | $2,083 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $689 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $22,407 |
| Total operating and administrative expenses | $31,462 |
| Contributions, gifts, grants paid | $336,465 |
| Total expenses and disbursements | $367,927 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $125,025 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,496,802 |
| 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, Abramson Family Foundation Inc has awarded $336,465 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
UJA FEDERATION OF NY PURPOSE: CHARITABLE | $60,800 |
WASHINGTON INSTITUTE PURPOSE: CHARITABLE | $80,000 |
UNIVERSITY OF WISCONSIN FOUND PURPOSE: CHARITABLE | $10,000 |
MOUNT SINAI HOSPITAL PURPOSE: CHARITABLE | $10,000 |
MAGEN DOVID ADOM PURPOSE: CHARITABLE | $5,000 |
JCC OF HARRISON PURPOSE: CHARITABLE | $5,650 |