Abbott Fund
- Assets
- $43.4m
- Revenue
- $51.6m
- Investments
- $1.3m
- Employees
- 0
- Location
- Abbott Park, IL
- Founding
- 02/1953
- Data as of
- 12/2021
- EIN
- 36-6069793
Organization Overview
Abbott Fund is located in Abbott Park, IL. The organization was established in 1953. 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. Abbott Fund 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, Abbott Fund generated $51.6m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $20.9m during the year ending 12/2021. While expenses have increased by 7.2% 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 2019, Abbott Fund has awarded 431 individual grants totaling $77,607,287. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHARITABLE ACTIVITIES IN TANZANIA INCLUDE EXPENDITURES FOR IMPROVING GOVERNMENT-OWNED HOSPITALS, PROVIDING ASSISTANCE TO IMPROVE LIVELIHOODS, AND OPERATING THE KURASINI NATIONAL CHILDREN'S HOME. OTHER TANZANIA EXPENSES ARE ADMINISTRATIVE EXPENSES RELATED TO THE EXECUTION OF THE CHARITABLE ACTIVITIES.
FUTURE WELL KIDS PROGRAM CHARITABLE ACTIVITIES INCLUDE EXPENDITURES FOR ADDRESSING NON-COMMUNICABLE DISEASES IN IRELAND, MEXICO, THE UNITED STATES, COLUMBIA AND THE UNITED KINGDOM.
FUTURE WELL COMMUNITIES PROGRAM CHARITABLE ACTIVITIES INCLUDE EXPENDITURES FOR ADDRESSING THE HEALTH DISPARITIES BY REMOVING THE BARRIERS THAT PREVENT PEOPLE LIVING WITH DIABETES FROM LIVING HEALTHY IN STOCKTON, CALIFORNIA.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed President And Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Discovery Education Inc | 12/30/21 | $895,000 |
Catalysis Llc | 12/30/21 | $312,989 |
Marcy Twete Consulting Llc | 12/30/21 | $123,000 |
Public Health Institute | 12/30/21 | $107,051 |
Research Triangle Institute | 12/30/21 | $99,958 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $40,123,095 |
| Interest on Savings | $0 |
| Dividends & Interest | $11,451,498 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,160 |
| Capital Gain Net Income | $2,160 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $51,576,753 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $159,000 |
| Depreciation | $32,072 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,604,724 |
| Total operating and administrative expenses | $6,978,417 |
| Contributions, gifts, grants paid | $13,903,809 |
| Total expenses and disbursements | $20,882,226 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $553,572 |
| Savings and temporary cash investments | $41,442,931 |
| 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 | $52,882 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $68,543 |
| Other assets | $1,982 |
| Total assets | $43,428,321 |
| Accounts payable and accrued expenses | $94,346 |
| Grants payable | $3,057,844 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $6,251,160 |
| Total liabilities | $9,403,350 |
Grants Awarded
Over the last fiscal year, Abbott Fund has awarded $17,975,704 in support to 69 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN ONLINE GIVING FOUNDATION INC PURPOSE: EMPLOYEE GIVING CAMPAIGN | $4,247,323 |
Chicago, IL PURPOSE: ENDOWED FUND TO SUPPORT THE ABBOTT ACADEMY DIRECTOR, JOFFREY ACADEMY OF DANCE | $1,800,000 |
AMERICAN ONLINE GIVING FOUNDATION INC PURPOSE: MATCHING GRANTS | $1,428,021 |
Stockton, CA PURPOSE: DIABETES EDUCATIONAL PATHWAYS IN STOCKTON | $1,400,000 |
Newark, DE PURPOSE: EMPLOYEE GIVING CAMPAIGN - DECEMBER | $607,844 |
EASTERSEALS NATIONAL HEADQUARTERS PURPOSE: PROJECT ON EDUCATION AND COMMUNITY HEALTH EQUITY (PEACHE) | $600,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Abbott Fund has recieved totaling $28,269.
| Awarding Organization | Amount |
|---|---|
Indiana Institute For Global Health Inc Indianapolis, IN PURPOSE: humanitarian mission and programs | $28,269 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Abbvie Foundation North Chicago, IL | $72,211,109 | $4,010,058 |
Hall Family Foundation Kansas City, MO | $1,171,646,854 | $87,869,006 |
Caterpillar Foundation Peoria, IL | $93,606,659 | $54,411,827 |
Circle Of Service Foundation Chicago, IL | $697,372,085 | $55,153,209 |
Allstate Foundation Northbrook, IL | $112,475,932 | $31,277,614 |
William R Kenan Jr Charitable Trust Chicago, IL | $564,490,046 | $137,606,226 |
Polk Bros Foundation Inc Chicago, IL | $329,136,356 | $57,050,478 |
Pritzker Foundation Chicago, IL | $0 | $47,756,040 |
Trott Family Foundation Chicago, IL | $0 | $2,395,873 |
Anthem Foundation Inc Indianapolis, IN | $153,394,091 | $25,472,782 |
U S Bancorp Foundation Milwaukee, WI | $68,350,907 | $6,892,078 |
Manton Foundation Chicago, IL | $499,091,994 | $69,635,634 |