EIN 52-1800184

The Frederick B Abramson Memorial Foundation

IRS 501(c) type
501(c)(3)
Num. employees
3
Year formed
1991
Most recent tax filings
2023-06-01
Description
The Frederick B Abramson Memorial Foundation provides scholarships and mentorship to empower DC public high school graduates in their college success.
Also known as...
Abramson Scholarship Foundation
Total revenues
$293,112
2023
Total expenses
$326,236
2023
Total assets
$847,966
2023
Num. employees
3
2023

Program areas at The Frederick B Abramson Memorial Foundation

The scholarship program: since 1991, The Abramson scholarship Foundation has awarded over $1.5 million in scholarships to over 300 underprivileged college-bound d.c. high school students. In order to qualify, each applicant must meet three criteria: financial need, academic achievement and a demonstrated commitment to community service. Each year, Abramson scholars can apply for subsequent scholarship funding provided they maintain a good academic record and are actively involved in The mentoring program. Award amounts increase each year because The Foundation has learned through experience that other sources of financial aid tend to diminish and disappear. Asf currently supports 35 scholars at different stages in their college journey. Seventy percent of our scholars come from a single parent household and are first generation college students. The average household income for our students is $43,000 a year.
The mentoring program: in addition to receiving financial support, every Abramson scholar is paired with a mentor. Most Abramson scholars come from disadvantaged backgrounds and are The first in their families to attend college. Advice from caring, engaged professionals in The community will make a significant difference in their lives. Asfs many:1 mentoring model surrounds Abramson scholars with as much support as possible to help them overcome obstacles and achieve their goals. Mentors provide academic, professional development and emotional guidance and support. Since students needs are broad and unique, scholars and mentors can also draw on The Abramson network of advisors who lend their specific skills, expertise and/or experience. For example, advisors help proofread academic papers, provide professional contacts who can help scholars find summer internships or jobs in their fields of study, and discuss shared experiences (e.g. What college is like for a first generation college student). As part of our mentoring program, students also participate in professional development workshops which help them prepare for internships and The workforce once they graduate.

Who funds The Frederick B Abramson Memorial Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Beech Street FoundationVoluntary Contribution$20,000
The US Charitable Gift TrustFor Recipient's Exempt Purpose$15,000
Venable FoundationGeneral Operating Support$10,000
...and 6 more grants received

Personnel at The Frederick B Abramson Memorial Foundation

NameTitleCompensation
Barrie MoormanExecutive Director$0
Nahom TeklePast Executive Director$45,192

Financials for The Frederick B Abramson Memorial Foundation

RevenuesFYE 06/2023
Total grants, contributions, etc.$278,247
Program services$2,450
Investment income and dividends$12,415
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$293,112

Form 990s for The Frederick B Abramson Memorial Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-062024-05-15990View PDF
2022-062023-05-15990View PDF
2021-062022-05-09990View PDF
2020-062021-04-05990View PDF
2019-062020-12-16990View PDF
...and 9 more Form 990s
Data update history
March 1, 2025
Used new vendors
Identified 1 new vendor, including
January 4, 2025
Received grants
Identified 1 new grant, including a grant for $10,000 from Venable Foundation
August 7, 2024
Posted financials
Added Form 990 for fiscal year 2023
July 23, 2024
Received grants
Identified 4 new grant, including a grant for $15,000 from The US Charitable Gift Trust
July 22, 2024
Updated personnel
Identified 6 new personnel
Nonprofit Types
Grantmaking organizationsSchoolsCharities
Issues
Education
Characteristics
Partially liquidatedTax deductible donationsAccepts online donations
General information
Address
PO Box 7810
Washington, DC 20044
Metro area
Washington-Arlington-Alexandria, DC-VA-MD-WV
County
District of Columbia, DC
Website URL
abramsonfoundation.org/ 
Phone
(202) 470-5425
IRS details
EIN
52-1800184
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1991
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B82: Scholarships, Student Financial Aid Services
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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