Abney Foundation
- Assets
- $52.6m
- Revenue
- $5.0m
- Investments
- $51.8m
- Employees
- 0
- Location
- Anderson, SC
- Founding
- 06/1959
- Data as of
- 12/2021
- EIN
- 57-6019445
Organization Overview
Abney Foundation is located in Anderson, SC. The organization was established in 1959. 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. Abney 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 12/2021, Abney Foundation generated $5.0m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 26.3% each year . All expenses for the organization totaled $2.8m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Abney Foundation has awarded 43 individual grants totaling $1,993,000. 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 |
|---|---|---|---|
Lisa Mcwherter Vice Chairma | 0 | $154,235 | |
Bonnie Nash Secretary/tr | 40 | $97,263 | |
Carl T Edwards Exec. Direct | 30 | $41,177 | |
Edd Sheriff Trustee | 1 | $7,500 | |
John Jay Meehan MD Trustee | 1 | $7,500 | |
Jr Fulp III Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Truist Bank | 12/30/21 | $157,670 |
Stokes Capital Advisors Llc | 12/30/21 | $100,285 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $30,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $782,753 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,165,896 |
| Capital Gain Net Income | $4,165,896 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,126 |
| Total Revenue | $4,983,775 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $307,675 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $103,625 |
| Interest | $0 |
| Taxes | $57,000 |
| Depreciation | $18,680 |
| Occupancy | $4,780 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $284,221 |
| Total operating and administrative expenses | $786,650 |
| Contributions, gifts, grants paid | $1,993,000 |
| Total expenses and disbursements | $2,779,650 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,848 |
| Savings and temporary cash investments | $653,047 |
| 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 | $118,075 |
| Other assets | $0 |
| Total assets | $52,599,119 |
| 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, Abney Foundation has awarded $1,993,000 in support to 43 organizations.
| Grant Recipient | Amount |
|---|---|
SECOND CHANCE CHURCH PURPOSE: GENERAL SUPPORT | $500,000 |
MUSCHOLLINGS CANCER CENTER PURPOSE: SCHOLARSHIP ENDOWMENT | $200,000 |
Anderson, SC PURPOSE: SCHOLARSHIP ENDOWMENT | $150,000 |
CLEMSON UNIVERSITY PURPOSE: SCHOLARSHIP ENDOWMENT | $150,000 |
Central, SC PURPOSE: SCHOLARSHIP ENDOWMENT | $100,000 |
Charleston, SC PURPOSE: SCHOLARSHIP ENDOWMENT | $100,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Abney Foundation has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Perelman Family Foundation Inc New York, NY PURPOSE: CHARITABLE | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bobbie Bailey Foundation Inc Tucker, GA | $24,485,053 | $1,564,197 |
Yhwh Foundation Inc Carrollton, GA | $0 | $14,288,691 |
Drs Bruce & Lee Foundation Florence, SC | $254,078,574 | $12,559,871 |
Families And Communities Rising Inc Durham, NC | $8,732,109 | $17,644,457 |
Charles A Cannon Charitable Trust N0 One Concord, NC | $132,429,020 | $9,552,538 |
Quality Senior Housing Foundation Of East Texas Inc Atlanta, GA | $68,762,519 | $14,924,948 |
Mary Reynolds Babcock Foundation Incorporated Winstonsalem, NC | $253,832,619 | $55,868,843 |
Zeist Foundation Inc Atlanta, GA | $306,093,080 | $21,313,980 |
The Merancas Foundation Inc Charlotte, NC | $181,742,490 | $364,669,812 |
Anverse Inc Cartersville, GA | $0 | $25,436,325 |
Cannon Foundation Inc Concord, NC | $297,494,035 | $30,471,430 |
Uga Real Estate Foundation Inc Athens, GA | $310,229,529 | $14,839,274 |