Abako Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CARLSBAD, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $649K in total assets. In 2024, it awarded 10 grants totaling $63K. Net investment income was $19K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$649K
-5.2% YoY
Annual Giving
$63K
-53.0% YoY
Grant Count
10
-33.3% YoY
Avg Grant Size
$6K
-29.4% YoY
Under IRS private-foundation payout rules, Abako Foundation reported a distributable amount of $33K for 2024 — the minimum it must pay out in qualifying distributions.
About Abako Foundation
Based on IRS filings
Abako Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CARLSBAD, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $649K in total assets. In 2024, it awarded 10 grants totaling $63K. Net investment income was $19K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $649,438 | $684,703 | $825,333 |
| Revenue | $18,991 | $17,595 | $118,156 |
| Expenses | $108,578 | $186,754 | $179,948 |
| Qualifying Distributions | $63,430 | $134,836 | $149,590 |
| Net Investment Income | $18,926 | — | $16,123 |
| Distributable Amount | $32,638 | $33,035 | $32,243 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
85 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Co Ms Sudha Varghese ($28,000), Koutiala Seydoubougou Elementary School ($12,300), Secundaria Venustiano Carranza ($6,137).
| Recipient | Purpose | Amount |
|---|---|---|
| SECUNDARIA VENUSTIANO CARRANZA | 1st 18 mo of the Reading Project implementation will be at this middle school Teacher capacity building online and in person books teaching materials and games and regular monitor visits by the Abako team | $6,137 |
| Koutiala Seydoubougou Elementary School | 1st yr of the Literacy and Library Program involved building the library room training and coaching teachers facilitating library activities providing books and teaching materials and meeting with educational officials and school management committee members Weekly monitoring visits | $12,300 |
| CO MS SUDHA VARGHESE | 3rd yr of the Literacy and Library Program The program works with over 3000 students and 60 teachers We provide books teaching and training materials and weekly work in the school library along with the teachers | $28,000 |
| SECUNDARIA CUAUTEMOC | 1st 18 mo of the Reading Project implementation Teacher capacity building online and in person books teaching materials and games and regular monitor visits by the Abako team | $5,161 |
| SECUNDARIA TECNICA PESQUERA NO8 | 1st 18 mo of the Reading Project implementation will be at this middle school Teacher capacity building online and in person books teaching materials and games and regular monitor visits by the Abako team | $3,787 |
| Hunab Ku Preschool | This Alumni Preschool serves students in a highly marginalized area Their efforts to work with parents and children earned our support this year We provided 155 books diverse teaching materials and even constructed a wheel chair ramp for handicapped students | $1,890 |
| Escuela Technica #23 & CEDEX Natiala Galvan Lopez | New project for middle school & high school students who are having difficulties with Spanish They are natives but have low literacy and reading skills Abako has partnered up with two schools in Morelos to pilot this initiative to introduce students to low-level reading materials while addressing high impact literacy skills using the book called Atrapate en la lectura Book 1 This project will last the entire 2024-25 school year and we hope to see game-changing results within six months | $1,293 |
| CBTiS 80 | Alumni High School Reading Club received a little support from Abako in the way of materials for their reading activities this school year They are examplary in their reading commitment therefore we will support them whenever possible | $1,046 |
| Jose Leon Borjorques Middle School | This alumni school participated in the Abako Reading Program for two school years and we decided to support their reading efforts with incoming freshman by providing books to help them succeed in basic reading skills | $1,230 |
| EDUCACION INICIAL INDIGENA VALLADOL | Pilot language development program aims to involve 150 Mayan mothers to help their infants and toddlers develop language skills in Maya and Spanish simultaneously during the first three years of life as they attend Childhoold Education Centers in Mayan-speaking communities We are training teachers and mothers in basic interaction skills to support vocabulary acquisition sound recognition and motor skils | $2,586 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| LETICIA BANKS | President | 25 | — |
| PAUL BANKS | Board Member | 1 | — |
| DOLORES MOLINA | Board Member | 0.25 | — |
| YADIRA ORTEGA | Board Member | 0.25 | — |
| FERMIN SOTELO | Board Member | 0.25 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Abako Foundation?
Abako Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CARLSBAD, CA. It holds $649K in total assets as of 2024.
How large is Abako Foundation?
As of 2024, Abako Foundation holds $649K in total assets with $19K in annual revenue. It awarded 10 grants totaling $63K in 2024.
Where does Abako Foundation operate?
Abako Foundation has awarded grants in California, District of Columbia, Illinois, Maine.
What size grants does Abako Foundation award?
In 2024, Abako Foundation awarded 10 grants totaling $63K — an average of about $6K per grant, based on its IRS Form 990 filings.
How much is Abako Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Abako Foundation reported a distributable amount of $33K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Abako Foundation's EIN?
Abako Foundation's EIN (Employer Identification Number) is 81-1120403. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Abako Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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