Richard W Abel and Jeannine E Abel
Richard W Abel and Jeannine E Abel is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HERMITAGE, PA. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $2.7M in total assets. In 2024, it awarded 8 grants totaling $128K. Net investment income was $64K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.7M
-2.5% YoY
Annual Giving
$128K
+51.5% YoY
Grant Count
8
+14.3% YoY
Avg Grant Size
$16K
+32.6% YoY
Under IRS private-foundation payout rules, Richard W Abel and Jeannine E Abel reported a distributable amount of $157K for 2024 — the minimum it must pay out in qualifying distributions.
About Richard W Abel and Jeannine E Abel
Based on IRS filings
Richard W Abel and Jeannine E Abel is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HERMITAGE, PA. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $2.7M in total assets. In 2024, it awarded 8 grants totaling $128K. Net investment income was $64K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,695,982 | $2,765,902 | $2,825,175 |
| Revenue | $83,118 | $65,258 | $1,964,027 |
| Expenses | $166,416 | $123,382 | $68,947 |
| Qualifying Distributions | $146,418 | $103,719 | $57,259 |
| Net Investment Income | $63,820 | $50,273 | $22,109 |
| Distributable Amount | $156,587 | $140,515 | $92,209 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
Grant Size Distribution
20 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Oil Region Library Association ($23,514), Venango County Historical Society ($17,636), Franklin Civic Operetta Association ($17,636).
| Recipient | Purpose | Amount |
|---|---|---|
| FRANKLIN SILVER CORNET BAND INC FRANKLIN, PA | GENERAL CHARITABLE PURPOSE | $11,757 |
| CHATHAM UNIVERSITY PITTSBURGH, PA | GENERAL CHARITABLE PURPOSE | $11,757 |
| VENANGO COUNTY HISTORICAL SOCIETY FRANKLIN, PA | GENERAL CHARITABLE PURPOSE | $17,636 |
| FRANKLIN CIVIC OPERETTA ASSOCIATION FRANKLIN, PA | GENERAL CHARITABLE PURPOSE | $17,636 |
| OIL REGION MUSIC PRESERVATION MUSEUM FRANKLIN, PA | GENERAL CHARITABLE PURPOSES | $17,636 |
| MISSOURI UNIVERSITY OF SCIENCE ROLLA, MO | GENERAL CHARITABLE PURPOSE | $15,975 |
| OIL REGION LIBRARY ASSOCIATION FRANKLIN, PA | GENERAL CHARITABLE PURPOSE | $23,514 |
| VENANGO SYMPHONY ORCHESTRA OIL CITY, PA | GENERAL CHARITABLE PURPOSE | $11,757 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
No officer/director data available.
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Richard W Abel and Jeannine E Abel?
Richard W Abel and Jeannine E Abel is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HERMITAGE, PA. It holds $2.7M in total assets as of 2024.
How large is Richard W Abel and Jeannine E Abel?
As of 2024, Richard W Abel and Jeannine E Abel holds $2.7M in total assets with $83K in annual revenue. It awarded 8 grants totaling $128K in 2024.
Where does Richard W Abel and Jeannine E Abel operate?
Richard W Abel and Jeannine E Abel has awarded grants in Missouri, Pennsylvania.
What size grants does Richard W Abel and Jeannine E Abel award?
In 2024, Richard W Abel and Jeannine E Abel awarded 8 grants totaling $128K — an average of about $16K per grant, based on its IRS Form 990 filings.
How much is Richard W Abel and Jeannine E Abel required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Richard W Abel and Jeannine E Abel reported a distributable amount of $157K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Richard W Abel and Jeannine E Abel's EIN?
Richard W Abel and Jeannine E Abel's EIN (Employer Identification Number) is 87-6505745. IRS Form 990 filing data is available on this page for 2021–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.