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Filing year 2024

AbbVie Foundation

North Chicago, Illinois·EIN 46-0827839·NTEE T20 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)
Total revenue
$67.6M
Total assets
$217.7M
Total expenses
$113.5M
Reported officers
9

Reported officers (all unpaid)

No paid executives reported in 2024. AbbVie Foundation reported 9 unpaid officers and board members on its 990-PF.

Vice President/secretary
Treasurer
President
Director
Director
Director (thru May 2024)
Director (as of May 2024)
Director
Assistant Treasurer

Grants paid

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

Total granted

$54.7M

Itemized grants

74

Median grant

$25k

RecipientLocationPurposeAmount
The University of Chicago MedicineCHICAGO, ILSupport for UChicago Medicine, its Comprehensive Cancer Center and new cancer pavilion$15M
THE BLACKBAUD GIVING FUNDCharleston, SCMatching grants$12.1M
Scholarship America IncMinneapolis, MNScholarships$2M
University of ChicagoCHICAGO, ILShaping the Future of Cancer Research and Care$2M
Year Up IncBOSTON, MAYear Up: Closing the Opportunity Divide$2M
Direct ReliefSanta Barbara, CAFund for Health Equity$1.9M
Foundation For The CarolinasCharlotte, NCAbbVie Employee Relief Fund$1.9M
University of ChicagoCHICAGO, ILLiaison in Care Program (LinC): Empowering our Community to Reduce Health Disparities$1.7M
Points of Light FoundationAtlanta, GAWeek of Possibilities 2024 Implementation and Week of Possibilities 2025 planning$1.6M
North Chicago Community Unit SchoolNorth Chicago, ILGeneral Mission - Kitchen Renovation Project$1.5M
National Urban League IncNEW YORK, NYProject Ready Mentor$1.4M
United Negro College FundWASHINGTON, DCUNCF Healthcare Workforce Diversity Program$1.3M
Transform for KidsLake Bluff, ILWeek of Possibilities: 2024 Execution and 2025 Planning$1.1M
Partners In HealthBoston, MAPartners In Health: United States: Advancing Health Equity through Community-Led Solutions$1.1M
Baylor College of Medicine International Pediatric AIDs InitiativeHOUSTON, TXBIPAI HIV and General Mission Support$930k
The Heart of America FoundationWashington, DC2024 Week of Possibilities Transformation Projects$900k
Indiana UniversityDetroit, MIAcademic Model Providing Access to Healthcare (AMPATH) - Grant Year September 1, 2024 -August 31, 2025$770k
Transform for KidsLake Bluff, ILWeek of Possibilities: 2024 Execution and 2025 Planning$700k
Points of Light FoundationAtlanta, GAWeek of Possibilities 2024 Implementation and Week of Possibilities 2025 planning$531k
North Chicago Community PartnersLake Bluff, ILGeneral Mission Support$500k
Innovation Development Institute IncCHICAGO, ILHealth Equity Accelerator Program$370k
CommunityHealthCHICAGO, ILSmall Targets, Big Impacts$300k
Jersey Cares IncLivingston, NJWeek of Possibilities Volunteer Management & Bedtime Bags Project$300k
Providence St Mel SchoolCHICAGO, ILAbbVie Scholarships and the Academic Intervention Model$300k
Bernie's Book BankLake Bluff, ILWeek of Possibilities 2024$297k
Compare this foundation's grantees

Funded by

Private foundations whose Form 990-PF Part XV grants matched this organization.

Financial trend

Revenue and expenses over time

AbbVie Foundation reported revenue and expenses across 2 filing years.

RevenueExpenses
$41.1M
$39.9M
2023
$67.6M
$113.5M
2024
Total revenue and total expenses from IRS Form 990 filings.

This is a private foundation. Peers are foundations of similar asset size ($150M - $1B), because foundation pay scales with assets under management, not revenue.

Sector benchmark

What Philanthropy, Voluntarism & Grantmaking executives earn in Illinois

AbbVie Foundation reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable philanthropy, voluntarism & grantmaking organization in Illinois earns a median of $20,738.

25th percentile
$7k
Median
$20,738
75th percentile
$60k
90th percentile
$148k

These are philanthropy, voluntarism & grantmaking sector-wide figures, not this organization's reported pay. Based on 2,342 organizations across 2,342 filings (2021 – 2024).

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

Common questions about AbbVie Foundation

What are AbbVie Foundation's revenue and expenses?

In 2024, AbbVie Foundation reported $67.6M in total revenue and $113.5M in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($150M - $1B), because foundation pay scales with assets under management, not revenue.