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Filing year 2024

ABBITT FAMILY FOUNDATION

Newport News, Virginia·EIN 52-1441636·NTEE T20 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)

* Sector derived from filing type (Form 990-PF), not IRS-assigned

Total revenue
$325k
Total assets
$4.6M
Total expenses
$112k
Reported officers
3

Reported officers (all unpaid)

No paid executives reported in 2024. ABBITT FAMILY FOUNDATION reported 3 unpaid officers and board members on its 990-PF.

Pres
Asst S T
VP S T

Grants paid

Itemized grants reported on this foundation's 2024 Form 990-PF, Part XV.

Total granted

$60k

Itemized grants

10

Median grant

$0

RecipientLocationPurposeAmount
The Faison CenterRichmond, VAGeneral Charitable$50k
Virginia Living MuseumNewport News, VAGeneral Charitable$10k
Financial trend

Revenue and expenses over time

ABBITT FAMILY FOUNDATION reported revenue and expenses across 3 filing years.

RevenueExpenses
$225k
$364k
2022
$1.5M
$246k
2023
$325k
$112k
2024
Total revenue and total expenses from IRS Form 990 filings.

This is a private foundation. Peers are foundations of similar asset size ($1M - $10M), because foundation pay scales with assets under management, not revenue.

Sector benchmark

What Philanthropy, Voluntarism & Grantmaking executives earn in Virginia

ABBITT FAMILY FOUNDATION reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable philanthropy, voluntarism & grantmaking organization in Virginia earns a median of $35,000.

25th percentile
$9k
Median
$35,000
75th percentile
$95k
90th percentile
$223k

These are philanthropy, voluntarism & grantmaking sector-wide figures, not this organization's reported pay. Based on 475 organizations across 475 filings (2021 – 2024).

See full Philanthropy, Voluntarism & Grantmaking pay data for Virginia
FAQ

Common questions about ABBITT FAMILY FOUNDATION

What are ABBITT FAMILY FOUNDATION's revenue and expenses?

In 2024, ABBITT FAMILY FOUNDATION reported $325k in total revenue and $112k in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($1M - $10M), because foundation pay scales with assets under management, not revenue.