Avow Foundation Inc
- Assets
- $50.7m
- Revenue
- $8.8m
- Investments
- $0.0
- Employees
- 22
- Location
- Naples, FL
- Founding
- 02/2015
- Data as of
- 12/2023
- EIN
- 46-5736467
Organization Overview
Avow Foundation Inc is located in Naples, FL. The organization was established in 2015. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. As of 12/2023, Avow Foundation Inc employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Avow 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.
Since 2017, Avow Foundation Inc has awarded 14 individual grants totaling $15,271,652. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
AVOW CREATES PEACE OF MIND BY PROVIDING COMPASSIONATE CARE AND SUPPORT TO THOSE IN NEED AND TO BE THE COMMUNITY'S CHOICE FOR SUPPORT THROUGH LIFE'S TRANSITIONS. AVOW FOUNDATION FULFILLS THIS MISSION AND VISION THROUGH ITS SUPPORT OF THE ACTIVITIES OF AVOW TAX-EXPENPT ORGANIZATIONS AND THEIR PROGRAMS AND SERVICES THAT MAY BE UNFUNDED OR UNDERFUNDED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SPECIFIC CHARITABLE PURPOSES OF THE CORPORATION SHALL BE TO SOLICIT, RECEIVE, AND ADMINISTER GRANTS, GIFTS, CONTRIBUTIONS AND DONATIONS EXCLUSIVELY FOR THE BENEFIT OF AVOW HOSPICE INC., AND AVOW CARE SERVICES, INC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Chair | OfficerTrustee | 0.8 | $0 |
Name Not Listed Treasurer | OfficerTrustee | 0.5 | $0 |
Name Not Listed President And CEO | OfficerTrustee | 15 | $0 |
Name Not Listed Vice Chair | OfficerTrustee | 0.6 | $0 |
Name Not Listed Secretary | OfficerTrustee | 0.5 | $0 |
Name Not Listed Director (beginning April 2023) | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,683,738 |
| Noncash contributions included in lines 1a–1f | $625,236 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,683,738 |
| Total Program Service Revenue | $0 |
| Investment income | $1,213,808 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $787 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$83,937 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,814,777 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,189,167 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $604,464 |
| Pension plan accruals and contributions | $6,115 |
| Other employee benefits | $117,364 |
| Payroll taxes | $44,533 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,061 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $68,780 |
| Fees for services: Other | $460,664 |
| Advertising and promotion | $0 |
| Office expenses | $65,160 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $56,205 |
| Travel | $8,333 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,809 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,457 |
| Insurance | $0 |
| All other expenses | $1,966 |
| Total functional expenses | $3,717,427 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $778,264 |
| Savings and temporary cash investments | $2,940,279 |
| Pledges and grants receivable | $3,586,385 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $200,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $57,899 |
| Net Land, buildings, and equipment | $79,294 |
| Investments—publicly traded securities | $38,495,565 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,610,733 |
| Total assets | $50,748,419 |
| Accounts payable and accrued expenses | $112,597 |
| Grants payable | $2,500 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $32,951 |
| Total liabilities | $148,048 |
| Net assets without donor restrictions | $17,543,089 |
| Net assets with donor restrictions | $33,057,282 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $50,748,419 |
Grants Awarded
Over the last fiscal year, Avow Foundation Inc has awarded $2,189,167 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
AVOW HOSPICE INC PURPOSE: PROGRAM ASSISTANCE | $1,518,667 |
AVOW CARE SERVICES INC PURPOSE: PROGRAM ASSISTANCE | $670,500 |