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Richard W Abel And Jeannine E Abel Charitable Trust is a private trust based in HERMITAGE, PA. The foundation received its IRS ruling in 2022. The principal officer is First National Trust Company Ttee. It holds total assets of $2.7M. Annual income is reported at $543K. Total assets have grown from $930K in 2021 to $2.8M in 2023. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2021 to 2023. According to available records, Richard W Abel And Jeannine E Abel Charitable Trust has made 17 grants totaling $176K, with a median grant of $10K. The foundation has distributed between $84K and $92K annually from 2022 to 2023. Individual grants have ranged from $3K to $20K, with an average award of $10K. The foundation has supported 8 unique organizations. Grants have been distributed to organizations in Pennsylvania and Missouri. Contributions to this foundation are tax-deductible.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Richard W Abel And Jeannine E Abel Charitable Trust primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 17 grants. Its grantmaking reaches organizations primarily in PA, MO.
Richard W Abel And Jeannine E Abel Charitable Trust has distributed a total of $176K across 17 grants. The median grant size is $10K, with an average of $10K. Individual grants have ranged from $3K to $20K.
Richard W Abel And Jeannine E Abel Charitable Trust typically selects its grantees rather than accepting unsolicited proposals.
Richard W Abel And Jeannine E Abel Charitable Trust is headquartered in HERMITAGE, PA. While based in PA, the foundation distributes grants to organizations across 2 states.
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Officer and trustee information is not yet available for this foundation. This data is typically reported in Part VIII of the 990-PF filing.
Total Giving
$123K
Total Assets
$2.8M
Fair Market Value
$3M
Net Worth
$2.8M
Grants Paid
$84K
Contributions
N/A
Net Investment Income
$50K
Distribution Amount
$141K
Total: $2.7M
Total Grants
17
Total Giving
$176K
Average Grant
$10K
Median Grant
$10K
Unique Recipients
8
Most Common Grant
$10K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Venango County Historical SocietyGENERAL CHARITABLE PURPOSE | Franklin, PA | $18K | 2023 |
| Oil Region Library AssociationGENERAL CHARITABLE PURPOSE | Franklin, PA | $20K | 2023 |
| Chatham UniversityGENERAL CHARITABLE PURPOSE | Pittsburgh, PA | $10K | 2023 |
| Franklin Silver Cornet Band IncGENERAL CHARITABLE PURPOSE | Franklin, PA | $10K | 2023 |
| Franklin Civic Operetta AssociationGENERAL CHARITABLE PURPOSE | Franklin, PA | $10K | 2023 |
| Oil Region Music Preservation MuseumGENERAL CHARITABLE PURPOSES | Franklin, PA | $10K | 2023 |
| Missouri University Of ScienceGENERAL CHARITABLE PURPOSE | Rolla, MO | $6K | 2023 |
| The Curators Of The Univ Of MissouriGENERAL CHARITABLE PURPOSE | Rolla, MO | $3K | 2022 |
WEST CONSHOHOCKEN, PA
LIGONIER, PA
PITTSBURGH, PA