Richard W Abel and Jeannine E Abel

HERMITAGE, PA EIN: 87-6505745

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

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.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

2states

Cities

FranklinOil CityPittsburghRolla

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$540K$1M$2M$2M2021202220232024
Metric202420232022
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

$0$32K$64K$96K$128K0 grants20215 grants20227 grants20238 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 8 recipients in 2024

OIL REGION LIBRARY ASSOC…$24KVENANGO COUNTY HISTORICA…$18KFRANKLIN CIVIC OPERETTA …$18KOIL REGION MUSIC PRESERV…$18KMISSOURI UNIVERSITY OF S…$16KFRANKLIN SILVER CORNET B…$12KCHATHAM UNIVERSITY$12KVENANGO SYMPHONY ORCHESTRA$12K

Grant Size Distribution

20 grants across all recorded years

20<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

No grants recorded for .

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

Related Funders

Similar funders by location and focus area

Data last updated April 2026. Sourced from IRS Form 990-PF filings.

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