Private foundation (trust)EIN 366069632Est. 1999-12
CLARA ABBOTT FOUNDATION
ABBOTT PARK, IL 60064
Total Assets
$357.4M
FY 2024
Annual Giving
$12.5M
FY 2024
Grants Made
2
FY 2024
Avg Grant
$6.3M
FY 2024
Grant Range
$4.5M–$8.1M
Typical
Deadlines
—
Applications
Programs & Activities
Program 1
$5.2MEducational 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, 2,222 grants were awarded worldwide.
Program 2
$9.7MFinancial 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, 2,329 awards were issued worldwide.the foundation also provided approximately 300 financial grants to assist eligible abbott employees and retirees who were victims of 2024 disasters; namely ukraine crisis, lebanon crisis, brazil floods, hurricane milton, and hurricane helene.
Focus Areas
Financial Snapshot
2024 filing
Total Revenue
$20.7M
Total Expenses
$18.1M
Qualifying Distributions
$17.4M
Distributable Amount
$16.5M
Min. Investment Return
$16.8M
Undistributed Income
$7.9M
Payout rate
Qualifying distributions as a share of distributable amount.
Giving Over Time
4 years
Total dollars recorded per filing year. Scale adjusts to the foundation's range.
Top Recipients
8 grants
Grant Size Distribution
8 grants
Geographic Focus
1 states
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