Association Of Black Foundation Executives Inc

Organization Overview

Association Of Black Foundation Executives Inc is located in New York, NY. The organization was established in 1973. According to its NTEE Classification (R20) the organization is classified as: Civil Rights, under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. As of 12/2021, Association Of Black Foundation Executives Inc employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Association Of Black Foundation Executives 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, Association Of Black Foundation Executives Inc generated $13.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 27.5% each year . All expenses for the organization totaled $3.8m during the year ending 12/2021. While expenses have increased by 7.8% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

ABFE'S MISSION IS TO PROMOTE EFFECTIVE AND RESPONSIVE PHILANTHROPY IN BLACK COMMUNITIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PHILANTHROPIC ADVISINGABFE BRINGS A NEW FRAMEWORK ON RPBC TO REALIZE ITS MISSION OF PROMOTING EFFECTIVE AND RESPONSIVE PHILANTHROPY IN BLACK COMMUNITIES. THIS NEW TEMPLATE BUILDS UPON GRANTMAKING WITH A RACIAL EQUITY LENS BUT IS TAILORED SPECIFICALLY TO GRANTMAKING IN AND FOR BLACK COMMUNITIES. AS A RESULT, ABFE HAS DESIGNED A SET OF DEFINING CHARACTERISTICS OF PHILANTHROPY THAT IS MORE LIKELY TO REDUCE GAPS IN RACIAL DISPARITIES FACING BLACKS IN THE UNITED STATES. WE HAVE BEEN PARTNERING WITH GRANT MAKERS AROUND THE COUNTRY TO APPLY THIS FRAMEWORK TO THEIR INVESTMENTS. IN 2021, ABFE ENGAGED 15 FOUNDATIONS AND PHILANTHROPY SERVING ORGANIZATIONS TO DELIVER RACIAL EQUITY TRAINING.


ANNUAL CONFERENCE AND JAMES JOSEPH LECTUREABFE'S ANNUAL CONFERENCE IS A GATHERING OF PHILANTHROPIC AND NON-PROFIT PROFESSIONALS FOR NETWORKING AND ENGAGEMENT AROUND SHARED INTEREST IN SUPPORTING BLACK COMMUNITIES THROUGH PHILANTHROPY. THE TARGET AUDIENCE IS ABFE'S MEMBERS AND PARTNERS; FOUNDATION TRUSTEES, EXECUTIVE STAFF AND PROGRAM OFFICERS, GRANT MAKING ENTITIES INCLUDING PRIVATE FOUNDATIONS, CORPORATE GIVING PROGRAMS, DONOR-ADVISED FUNDS AND GIVING CIRCLES. IN 2021, ABFE BROUGHT TOGETHER 551 PARTICIPANTS. THE ANNUAL CONFERENCE WAS AGAIN A VIRTUAL CONVENING. OVER 75% OF THE PARTICIPANTS WERE ABFE MEMBERS.WE ALSO CELEBRATED WHAT HAS BEEN A SIGNATURE PROGRAM FOR ABFE FOR OVER 30 YEARS, THE JAMES A. JOSEPH LECTURE AND AWARDS, WHICH CELEBRATED THE IMPORTANT ACCOMPLISHMENTS OF LEADERS IN THE FIELD.


MEMBERSHIP SERVICESABFE EQUIPS ITS MEMBERS AND PARTNERS WITH TOOLS AND RESOURCES TO RESPOND MORE EFFECTIVELY TO THE NEEDS OF BLACK COMMUNITIES AND TO ADDRESS ANTI-BLACK RACISM. ABFE USES ITS POSITION AND NETWORKS IN THE FIELD TO SHARE INFORMATION FOR THE EXPRESS PURPOSE OF INFLUENCING POLICIES AND PRACTICES IN THE FIELD THAT MAY HINDER THE SUCCESS OF BLACK PROFESSIONALS OR COMMUNITIES. OUR RESPONSIVE PHILANTHROPY IN BLACK COMMUNITIES (RPBC) FRAMEWORK FOR GRANTMAKING SUPPORTS THE DIGNITY OF COMMUNITIES AND OPTIMIZES INHERENT STRENGTHS TO ENSURE BETTER OUTCOMES FOR BLACK COMMUNITIES. ABFE ALSO OFFERS A VARIETY OF OPPORTUNITIES FOR MEMBERS AND OTHER PROFESSIONALS IN THE FIELD TO EXCHANGE INFORMATION AND IDEAS, AND TO CULTIVATE PRODUCTIVE RELATIONSHIPS THAT OFTEN RESULT IN LEARNING, CO-INVESTMENT, AND EXPANDED SOCIAL AND PROFESSIONAL OPPORTUNITIES AND COMMUNITIES. OUR PROFESSIONAL AND LEADERSHIP DEVELOPMENT PRIMARILY FOCUSED ON MEMBERS' INTERESTS, ABFE PROVIDES INFORMATION AND OTHER RESOURCES THAT INFORM GRANTMAKING STRATEGIES AND SUPPORT CAREER AND LEADERSHIP DEVELOPMENT FOR BLACK PROFESSIONALS IN THE FIELD.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$427,046
Fundraising events$0
Related organizations$0
Government grants $275,855
All other contributions, gifts, grants, and similar amounts not included above$12,060,754
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$12,763,655
Total Program Service Revenue$1,114,836
Investment income $846
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $13,879,337

Grants Awarded

Over the last fiscal year, Association Of Black Foundation Executives Inc has awarded $70,000 in support to 7 organizations.

Grant RecipientAmount

EMERGING PRACTITIONERS IN PHILANTHROPY (TIDES CENTER)

Org PageRecipient Profile

San Francisco, CA

PURPOSE: CHANGE PHILANTHROPY PARTNER GRANT

$10,000

NATIVE AMERICANS IN PHILANTHROPY

Org PageRecipient Profile

Washington, DC

PURPOSE: CHANGE PHILANTHROPY PARTNER GRANT

$10,000

ASSOCIATION OF BLACK FOUNDATION EXECUTIVES INC (PASS-THRU)

Org PageRecipient Profile

New York, NY

PURPOSE: CHANGE PHILANTHROPY PARTNER GRANT

$10,000

ASIAN AMERICANSPACIFIC ISLANDERS IN PHILANTHROPY

Org PageRecipient Profile

Oakland, CA

PURPOSE: CHANGE PHILANTHROPY PARTNER GRANT

$10,000

HISPANICS IN PHILANTHROPY

Org PageRecipient Profile

Oakland, CA

PURPOSE: CHANGE PHILANTHROPY PARTNER GRANT

$10,000

FUNDERS FOR LGBTQ ISSUES

Org PageRecipient Profile

New York, NY

PURPOSE: CHANGE PHILANTHROPY PARTNER GRANT

$10,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 67 grants that Association Of Black Foundation Executives Inc has recieved totaling $9,757,955.

Awarding OrganizationAmount
Robert Wood Johnson Foundation

Princeton, NJ

PURPOSE: 78619 GENERAL OPERATING SUPPORT FOR THE ASSOCIATIO

$1,500,000
John D & Catherine T Macarthur Foundation

Chicago, IL

PURPOSE: IN SUPPORT OF GENERAL OPERATIONS.

$1,000,000
John D & Catherine T Macarthur Foundation

Chicago, IL

PURPOSE: IN SUPPORT OF GENERAL OPERATIONS.

$1,000,000
John D & Catherine T Macarthur Foundation

Chicago, IL

PURPOSE: IN SUPPORT OF GENERAL OPERATIONS.

$1,000,000
The California Endowment

Los Angeles, CA

PURPOSE: ADVANCING HEALTH EQUITY FOR CALIFORNIA BLACK COMMUNITIES THROUGH PHILANTHROPY: TO SUPPORT RESPONSIVE PHILANTHROPY THAT ADVANCES HEALTH EQUITY AND BUILDS POWER AND RESOURCES FOR BLACK COMMUNITIES ACROSS CALIFORNIA.

$666,667
The California Endowment

Los Angeles, CA

PURPOSE: ADVANCING HEALTH EQUITY FOR CALIFORNIA BLACK COMMUNITIES THROUGH PHILANTHROPY: TO SUPPORT RESPONSIVE PHILANTHROPY THAT ADVANCES HEALTH EQUITY AND BUILDS POWER AND RESOURCES FOR BLACK COMMUNITIES ACROSS CALIFORNIA.

$666,667
View Grant Recipient Profile

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