Program areas at The Clara Abbott Foundation
Educational grants and related expenses:the Foundation provides need-based educational grants to help the dependent children of eligible Abbott employees and retirees attend accredited colleges or universities, community colleges, vocational and trade schools. During the year, 1,901 grants were awarded worldwide.
Financial aid and related expenses:the Foundation provides need-based financial grants to assist eligible Abbott employees and retirees who are experiencing severe financial hardship. During the year, 2,125 awards were issued worldwide.the Foundation also provided approximately 100 financial grants to assist eligible Abbott employees and retirees who were victims of the 2023 for disasters; namely turkey earthquakes, hurricane otis, and israel invasion.
Personnel at The Clara Abbott Foundation
| Name | Title | Compensation | Date of data |
|---|
| Sheri Keith | Officer | $0 | 2024-11-12 |
| Clayton Maureen | Vice President | $574,168 | 2023-12-31 |
| Keith Sheri | Treasurer | $326,895 | 2023-12-31 |
Financials for The Clara Abbott Foundation
| Revenues | FYE 12/2023 | FYE 12/2022 | % Change |
|---|
| Total grants, contributions, etc. | $100,519 | $6,274 | 1502.2% |
| Investment income and dividends | $7,582,800 | $4,410,864 | 71.9% |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $5,964,201 | $3,300,790 | 80.7% |
| Gross sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $4,610 | $5,872 | -21.5% |
| Total revenues | $13,652,130 | $7,723,800 | 76.8% |
Organizations like The Clara Abbott Foundation
| Organization | Type | Location | Revenue |
|---|
| The Wilbur and Hilda Glenn Family Foundation | 501(c)(3) | Atlanta, GA | $4,932,666 |
| Robins Foundation | 501(c)(3) | Richmond, VA | $8,775,608 |
| Achelis and Bodman Foundation | 501(c)(3) | New York, NY | $5,393,536 |
| Woldenberg Foundation | 501(c)(3) | Metairie, LA | $5,817,201 |
| Saul Zaentz Charitable Foundation | 501(c)(3) | Glenview, IL | $37,805,900 |
| Julian Grace Foundation | 501(c)(3) | Highland Park, IL | $3,478,097 |
| Lunda Charitable Fund | 501(c)(3) | Black River Falls, WI | $3,765,152 |
| Dovetail Impact Foundation | 501(c)(3) | Houston, TX | $30,074,889 |
| TAWANI Foundation | 501(c)(3) | Chicago, IL | $15,689,197 |
| The Irene E and George A Davis Foundation | 501(c)(3) | Springfield, MA | $26,945,016 |
Data update history
January 14, 2025
Posted financials
Added Form 990PF for fiscal year 2023
January 22, 2024
Posted financials
Added Form 990PF for fiscal year 2022
January 22, 2024
Updated personnel
Identified 2 new personnel
July 26, 2023
Posted financials
Added Form 990PF for fiscal year 2021
July 6, 2023
Updated personnel
Identified 2 new personnel
Nonprofit Types
Grantmaking organizationsPrivate foundationsPrivate non-operating foundations
Issues
No issues found
Characteristics
Provides grantsPartially liquidatedAccepts online donations
General information
- Address
- 100 Abbott Park Rd Ap6D-Ll
- Abbott Park, IL 60064
- Metro area
- Chicago-Naperville-Elgin, IL-IN-WI
- County
- Lake County, IL
- Website URL
- clara.abbott.com
- Phone
- (847) 937-1090
IRS details
- EIN
- 36-6069632
- Fiscal year end
- December
- Taxreturn type
- Form 990-PF
- Year formed
- 1999
- Eligible to receive tax-deductible contributions (Pub 78)
- No
Categorization
- NTEE code, primary
- T20: Private Foundations
- NAICS code, primary
- 813211: Grantmaking Foundations
- Parent/child status
- Independent
California AB-488 details
- AB 488 status
- May Not Operate or Solicit for Charitable Purposes
- Charity Registration status
- Revoked
- FTB status revoked
- Not revoked
- AG Registration Number
- CT0255038
- FTB Entity ID
- None yet
- AB 488 data last updated ("as-of") date
- 2025-03-19
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