Abbitt Family Foundation
NEWPORT NEWS, VA EIN: 52-1441636
Financial Overview
From 2025 IRS Form 990-PF
Total Assets
$4.6M
+4.9% YoY
Annual Giving
$60K
-71.3% YoY
Grant Count
2
-80.0% YoY
Avg Grant Size
$30K
+43.5% YoY
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Financial History
Multi-year comparison from IRS filings
Revenue
Expenses
Qualifying Distributions
Net Investment Income
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $4,579,417 | $4,366,805 | $3,079,952 |
| Revenue | $324,896 | $1,532,631 | $225,119 |
| Expenses | $112,284 | $245,778 | $364,380 |
| Qualifying Distributions | $60,000 | $209,100 | $330,350 |
| Net Investment Income | $272,612 | $1,495,953 | $191,089 |
| Distributable Amount | $300,494 | $275,947 | $288,340 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
Grant Size Distribution
119 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Who else does Abbitt Family Foundation fund?
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Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Carolyn S Abbitt | Pres | 0.5 | — |
| Matthew M Abbitt | Asst S T | — | — |
| Stephen M Abbitt | VP S T | — | — |
Geographic Focus
Where this funder has awarded grants
Grant Distribution by State
Virginia $1.5M (99%)
Colorado $8K (1%)
Cities
AuroraColonial HeightsGlade HillGloucesterHamptonJamestownManassasNewport NewsNoewport NewsNorfolkRichmondRoanokeScottsvilleSmithfieldSpring GroveSurryWilliamsburgYorktown
Data last updated March 2026. Sourced from IRS Form 990-PF filings.
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