Abele Family Foundation
- Assets
- $34.7m
- Revenue
- $420.3k
- Investments
- $33.9m
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 06/2013
- Data as of
- 09/2022
- EIN
- 45-3795823
Organization Overview
Abele Family Foundation is located in Philadelphia, PA. The organization was established in 2013. 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. Abele Family Foundation 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 09/2022, Abele Family Foundation generated $420.3k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.1% each year . All expenses for the organization totaled $2.3m during the year ending 09/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Abele Family Foundation has awarded 121 individual grants totaling $10,173,381. 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 |
|---|---|---|---|
Wilbert D Abele Founding Dir | 40 | $0 | |
Joan Abele Director | 0.8 | $0 | |
Karen E Scheu Director | 0.8 | $0 | |
Edward Abele Director | 0.8 | $0 | |
Nina B Stryker Director | 0.8 | $0 | |
Ted Piotrowicz Director | 0.8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,795 |
| Interest on Savings | $1,264 |
| Dividends & Interest | $1,134,499 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$801,686 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $80,383 |
| Total Revenue | $420,255 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $20,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $80,364 |
| Total operating and administrative expenses | $251,606 |
| Contributions, gifts, grants paid | $2,085,039 |
| Total expenses and disbursements | $2,336,645 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $808,437 |
| 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 | $30,956,545 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $34,671,291 |
| 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, Abele Family Foundation has awarded $2,085,039 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
Collegeville, PA PURPOSE: SCHOLAR EXPENSES | $1,403,861 |
Philadelphia, PA PURPOSE: SCHOLARSHIP | $265,000 |
Wiscasset, ME PURPOSE: OPERATING FUNDS/SCHOLARSHIP | $195,000 |
Collegeville, PA PURPOSE: OPERATING FUNDS | $150,500 |
Collegeville, PA PURPOSE: BEAR TO BEAR PROGRAM | $26,250 |
VILLANOVA PURPOSE: OPERATING FUNDS | $11,428 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
The Abell Foundation Inc Baltimore, MD | $398,354,670 | $42,510,470 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Fred F Silk Charitable Foundation Louisville, OH | $0 | $2,703,630 |