Abbitt Family Foundation
The Abbitt Family Foundation is a private foundation established in Virginia in 1986. Based in Newport News, Virginia, the foundation operates as a family grantmaking entity focused on charitable giving to local and regional organizations.
Financial Overview
From 2025 IRS Form 990-PF · View filing
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
Grantmaking
The foundation makes grants to charitable organizations, with recent grants including:
Grant Types
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of Fiscal Year Ending July 2025:
- Total Assets: $4,579,417
- Total Revenues: $324,896
- Total Expenses: $112,284
- Investment Income and Dividends: $161,935
- Net Gain from Sale of Non-Inventory Assets: $162,961
As of Fiscal Year Ending July 2024:
- Investment Income and Dividends: $149,620
The foundation has no employees and generates revenue primarily through investment income and asset sales rather than contributions.
| 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 .
Leadership & Key People
Leadership team and compensation from IRS filings
- Carolyn S. Abbitt (Trustee)
- Matthew M. Abbitt (Trustee)
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 | — | — |
Location & Contact
Address: 11835 Fishing Point Drive, Suite 101, Newport News, VA 23606-2584
Phone: 757-466-0464
EIN: 52-1441636
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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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