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Santiago Abut Foundation Inc. is a private corporation based in SUMMIT, NJ. The foundation received its IRS ruling in 2011. It holds total assets of $872K. Annual income is reported at $60K. The foundation operates in the area of philanthropy & grantmaking. According to available records, Santiago Abut Foundation Inc. has made 40 grants totaling $189K, with a median grant of $250. The foundation has distributed between $39K and $104K annually from 2021 to 2023. Grantmaking activity was highest in 2022 with $104K distributed across 20 grants. Individual grants have ranged from $20 to $24K, with an average award of $5K. The foundation has supported 13 unique organizations. Grants have been distributed to organizations in New Jersey and Massachusetts and Florida. Contributions to this foundation are tax-deductible.
Santiago Abut Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 40 grants. Its grantmaking reaches organizations primarily in NJ, MA, FL.
Santiago Abut Foundation Inc. has distributed a total of $189K across 40 grants. The median grant size is $250, with an average of $5K. Individual grants have ranged from $20 to $24K.
Santiago Abut Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Santiago Abut Foundation Inc. is headquartered in SUMMIT, NJ. While based in NJ, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Maria Abut | TRUSTEE | $0 | $0 | $0 |
| Sonia Abut | TRUSTEE | $0 | $0 | $0 |
| Daniel Abut | TRUSTEE | $0 | $0 | $0 |
| Caroline Abut | TRUSTEE | $0 | $0 | $0 |
Total Giving
$47K
Total Assets
$860K
Fair Market Value
$1.1M
Net Worth
$860K
Grants Paid
$45K
Contributions
$0
Net Investment Income
$33K
Distribution Amount
$47K
Total: $760K
Total Grants
40
Total Giving
$189K
Average Grant
$5K
Median Grant
$250
Unique Recipients
13
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| MitDONATION | Cambridge, MA | $125 | 2023 |
| Arts By The PeopleDONATION | Morristown, NJ | $24K | 2023 |
| Hearts Of HopeDONATION | Montville, NJ | $15K | 2023 |
| Deeda MohammadSCHOLARSHIP | Summit, NJ | $5K | 2023 |
| CandorfulDONATION | Malden, MA | $500 | 2023 |
| 2018 | 990PF | View |
| 2017 | 990PF | View |
| 2016 | 990PF | View |
| The Gregg F Clyne Memorial FoundtionDONATION | Westfield, NJ | $490 | 2023 |
| Bahama Hope FoundationDONATION | St Petersburg, FL | $250 | 2023 |
| The Compassionate FriendsDONATION | Parsippany, NJ | $100 | 2023 |
| St Teresa Of Avila ChurchDONATION | Summit, NJ | $20 | 2023 |
| Good GriefDONATION | Morristown, NJ | $12K | 2022 |
| Carter FreySCHOLARSHIP | Summit, NJ | $5K | 2022 |
| Selvin GonzalezSCHOLARSHIP | Summit, NJ | $5K | 2021 |
| Nia KingscholarshipDONATION | Summit, NJ | — | 2021 |
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