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Financial assistance to help the dependent children of eligible Abbott employees and retirees attend accredited post-secondary schools, including colleges, universities, and vocational or trade schools.
Financial support to help Abbott families access essential living needs like food, clothing, and shelter in the wake of a natural disaster or crisis.
Clara Abbott Foundation is a private corporation based in ABBOTT PARK, IL. The foundation received its IRS ruling in 1999. It holds total assets of $224.1M. Annual income is reported at $67.2M. 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, 1,937 GRANTS WERE AWARDED WORLDWIDE. According to available records, Clara Abbott Foundation has made 6 grants totaling $29.8M, with a median grant of $4.5M. The foundation has distributed between $9M and $10.9M annually from 2020 to 2023. Individual grants have ranged from $3.3M to $6.7M, with an average award of $5M. The foundation has supported 4 unique organizations. Grant recipients are concentrated in Illinois.
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, 2,086 GRANTS WERE AWARDED WORLDWIDE.
Expenses: $3.6M
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, 896 AWARDS WERE ISSUED WORLDWIDE.THE FOUNDATION ALSO PROVIDED OVER 2,700 FINANCIAL GRANTS TO ASSIST ELIGIBLE ABBOTT EMPLOYEES AND RETIREES WHO WERE VICTIMS OF THE 2020 DISASTERS; NAMELY COVID19
Expenses: $7.9M
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, 1,937 GRANTS WERE AWARDED WORLDWIDE. Based on available records, the foundation has funded 6 grants. Its grantmaking reaches organizations primarily in IL.
Clara Abbott Foundation has distributed a total of $29.8M across 6 grants. The median grant size is $4.5M, with an average of $5M. Individual grants have ranged from $3.3M to $6.7M.
Clara Abbott Foundation provides grant application information on their website. Visit their grants page for current funding opportunities and application guidelines.
Clara Abbott Foundation is headquartered in ABBOTT PARK, IL.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Clayton Maureen | VICE PRESIDENT | $572K | $133K | $705K |
| Keith Sheri | TREASURER | $330K | $84K | $414K |
| Krammer Karen | DIRECTOR | $0 | $0 | $0 |
| Hamilton Cathy | DIRECTOR | $0 | $0 | $0 |
| Treacy Sean | DIRECTOR | $0 | $0 | $0 |
Total Giving
$16.4M
Total Assets
$221.5M
Fair Market Value
$338.8M
Net Worth
$221.5M
Grants Paid
$10.9M
Contributions
$101K
Net Investment Income
$16.3M
Distribution Amount
$15.2M
Total Grants
6
Total Giving
$29.8M
Average Grant
$5M
Median Grant
$4.5M
Unique Recipients
4
Most Common Grant
$3.3M
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Financial Aid And Educational Seminars See Statement 15GENERAL ASSISTANCE | Abbott Park, IL | $6.7M | 2023 |
| Scholarship Grants See Statement 15EDUCATIONAL ASSISTANCE | Abbott Park, IL | $4.1M | 2023 |
| Financial Aid And Educational Seminars See Statement 14GENERAL ASSISTANCE | Abbott Park, IL | $5M | 2022 |
| Scholarship Grants See Statement 14EDUCATIONAL ASSISTANCE | Abbott Park, IL | $4.1M | 2022 |
WIMBERLEY, TX
MIDLAND, TX
NEW BRITAIN, CT
NORTHVILLE, MI
Grants provided to Abbott families who are experiencing severe financial hardship and are struggling to meet their monthly financial obligations or pay for basic needs such as rent, utilities, and medical expenses.
| Tyler Julie |
| DIRECTOR (APRIL-DECEMBER) |
| $0 |
| $0 |
| $0 |
| Linder Greg | DIRECTOR | $0 | $0 | $0 |
| Cushman Liz | DIRECTOR | $0 | $0 | $0 |
| Huang Gene | DIRECTOR | $0 | $0 | $0 |
| Wainer Andrea | DIRECTOR/SECRETARY | $0 | $0 | $0 |
| Hurwich Thomas | DIRECTOR | $0 | $0 | $0 |
| Wentworth Brian | DIRECTOR | $0 | $0 | $0 |
| Berry John | DIRECTOR | $0 | $0 | $0 |
| Salvadori Daniel | DIRECTOR | $0 | $0 | $0 |
| Bird Roger | DIRECTOR (APRIL-DECEMBER) | $0 | $0 | $0 |
| Shoultz Aj | DIRECTOR (JANUARY - APRIL) | $0 | $0 | $0 |
| Moreland Mary | PRESIDENT | $0 | $0 | $0 |
| Murray Corlis | DIRECTOR (JANUARY - APRIL) | $0 | $0 | $0 |
| 2018 | 990PF | View |
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