ABB Foundation is a private independent foundation and corporate foundation of ABB Inc., based in Cary, North Carolina. The foundation was established in 2015 and holds 501(c)(3) tax-exempt status. It operates as a grantmaking organization focused on charitable giving across multiple sectors.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$453K
+58.1% YoY
Annual Giving
$349K
+15.4% YoY
Grant Count
25
-13.8% YoY
Avg Grant Size
$14K
+33.9% YoY
Mission & Focus Areas
The ABB Foundation aims to inspire the future workforce and create a lifelong passion for STEM education. Primary funding areas include:
- Education, particularly STEM (Science, Technology, Engineering, and Mathematics)
- Philanthropy, Voluntarism & Grantmaking
- Human Services
The foundation supports initiatives that help develop skills necessary for future scientists, engineers, and innovators, with particular emphasis on job readiness skill-building for youth.
Grantmaking
The ABB STEM Discovery Program represents a pilot initiative providing $100,000 in total grants across five cities. The program supports middle and high school youth through STEM education curriculum developed in conjunction with local organizations. Funding covers supplies, staffing, training, and operating expenses.
Average Grant
amount: $75–$675,000 range
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Geographic Focus
Where this funder awards grants
The foundation primarily funds charitable work in:
- North Carolina
- Oklahoma
- Arkansas
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Most Recent Data (2023):
- Total Assets: $286,543–$287,000
- Total Revenue: $505,992–$506,000
- Total Expenses: $302,360
- Total Liabilities: $0
- Total Grants and Contributions: $501,250
- Investment Income and Dividends: $4,742
2024 Data:
- Total Assets: $452,973
- Total Giving: $348,918
Financial Trend: Revenue declined 20.4% from 2022 ($629,993) to 2023 ($501,250).
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $452,973 | $286,543 | $82,911 |
| Revenue | $515,363 | $505,992 | $629,993 |
| Expenses | $348,933 | $302,360 | $767,228 |
| Qualifying Distributions | $348,918 | $302,344 | $767,228 |
| Net Investment Income | $15,348 | $4,726 | — |
| Distributable Amount | $17,248 | $11,311 | $8,760 |
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
101 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- Jennifer Pittman – Director and President
- Meg Campbell – Secretary
- Michael Gray – Director (US Country Holding Officer)
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JENNIFER PITTMAN | DIRECTOR AND PRESIDENT | 5 | — |
| MEG CAMPBELL | SECRETARY | 5 | — |
| MICHAEL GRAY | DIRECTOR | 5 | — |
| JASON GREEN | DIRECTOR | 5 | — |
| JOHN HEALY | TREASURER | 5 | — |
| CHRIS SHIGAS | DIRECTOR | 5 | — |
| ALLISON BRESLOFF | DIRECTOR | 5 | — |
Recent News & Activity
Recent developments and announcements
The ABB Foundation partnered with Boys & Girls Clubs in Raleigh, North Carolina to launch the ABB STEM Discovery Program. The program provides STEM education and job readiness skill-building to middle and high school students across three Raleigh club locations. This initiative is part of a broader pilot project spanning five cities, demonstrating the foundation's commitment to workforce development in STEM fields aligned with the global energy transition.
Subject Areas
Focus areas based on grantmaking activity
Related Funders
Similar funders by location and focus area
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Assets
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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