Richard W Abel and Jeannine E Abel
Richard W Abel and Jeannine E Abel is a private foundation, based in Hermitage, PA. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $2.7M in total assets. In 2025, it awarded 8 grants totaling $128K. Net investment income was $139K.
Richard W Abel and Jeannine E Abel at a glance
In short: Richard W Abel and Jeannine E Abel gave $128K across 8 grants in 2025 (avg $16K), mostly in Pennsylvania. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $127,740
- +0.1% vs 2024
- Grants made (2025)
- 8
- +0.0% vs 2024
- Average grant
- $15,968
- +0.1% vs 2024
- Median grant
- $15,968
- Total assets
- $2,684,542
- -0.4% vs 2024
- Primary geography
- Pennsylvania (95% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
Who Richard W Abel and Jeannine E Abel funds
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2025
The largest 2025 recipient was Oil Region Library Association Franklin Public Library ($26K). Together the top 8 received $128K.
Grant Size Distribution
28 grants across all recorded years
The most common grant size was under $50K: 28 grants of 28 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 8 itemized grants.
States
Cities
How Richard W Abel and Jeannine E Abel gives
- Giving grew 179% from 2022 to 2025. Method
- In 2025 it paid out 90% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2022 to 2025, annual grant giving ranged from $46K (2022) to $128K (2025). In 2025 it made 8 grants totaling $128K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Oil Region Library Association Franklin Public Library Franklin, PA | General Charitable Purpose | $25,548 |
| Venango County Historical Society Franklin, PA | General Charitable Purpose | $19,161 |
| Franklin Civic Operetta Association Barrow-Civic Theatre Franklin, PA | General Charitable Purpose | $19,161 |
| Oil Region Music Preservation Museum Franklin, PA | General Charitable Purposes | $19,161 |
| Franklin Silver Cornet Band Inc Franklin, PA | General Charitable Purpose | $12,774 |
| Chatham University Pittsburgh, PA | General Charitable Purpose | $12,774 |
| Venango Symphony Orchestra Oil City, PA | General Charitable Purpose | $12,774 |
| Missouri University of Science and Technlocy Rolla, MO | General Charitable Purpose | $6,387 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $2,684,542 | $159,627 | $169,658 | $127,740 | 8 | $147,873 | $138,729 | $164,305 |
| 2024 | $2,695,982 | $83,118 | $166,416 | $127,668 | 8 | $146,418 | $63,820 | $156,587 |
| 2023 | $2,765,902 | $65,258 | $123,382 | $84,264 | 7 | $103,719 | $50,273 | $140,515 |
| 2022 | $2,825,175 | $1,964,027 | $68,947 | $45,825 | 5 | $57,259 | $22,109 | $92,209 |
| 2021 | $930,450 | $930,457 | — | — | — | — | $7 | $45,825 |
Under IRS private-foundation payout rules, Richard W Abel and Jeannine E Abel reported a distributable amount of $164K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Richard W Abel and Jeannine E Abel's only listed officer is First National Trust Company, Trustee on every filing since 2022 (compensated).
Officers on the 2025 filing
First National Trust Company
Trustee
On filings since 2022
1 hr/week
$18K (2022) → $39K (2025)
Former officers (1)
- Former: First National Trust CO (2021) — Trustee
Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $39K, to First National Trust Company (Trustee).
Frequently asked questions about Richard W Abel and Jeannine E Abel
How much does Richard W Abel and Jeannine E Abel give each year?
Richard W Abel and Jeannine E Abel gave $128K across 8 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $128K across 8 grants.
What is Richard W Abel and Jeannine E Abel's typical grant size?
Richard W Abel and Jeannine E Abel's median grant in 2025 was $15,968, and its average grant was $15,968, across 8 grants on its 2025 IRS Form 990-PF.
Where does Richard W Abel and Jeannine E Abel give grants?
Richard W Abel and Jeannine E Abel gives mostly in Pennsylvania: 95% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Missouri (5%). The most frequent recipient cities were Franklin, PA (5 grants).
Does Richard W Abel and Jeannine E Abel give general operating support?
Yes: 100% of Richard W Abel and Jeannine E Abel's 2025 grants with a stated purpose (8 of 8) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Richard W Abel and Jeannine E Abel's largest grantees?
Richard W Abel and Jeannine E Abel's largest 2025 grantees include Oil Region Library Association Franklin Public Library ($25,548), Venango County Historical Society ($19,161) and Franklin Civic Operetta Association Barrow-Civic Theatre ($19,161), according to its 2025 IRS Form 990-PF. Together they received 50% of its itemized 2025 grant dollars.
How large is Richard W Abel and Jeannine E Abel?
Richard W Abel and Jeannine E Abel reported $2.7M in total assets on its 2025 IRS Form 990-PF. It paid out $148K in qualifying distributions that year, against a required minimum of $164K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
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 2021–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(5)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 6, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS May 6, 2026)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 12, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS September 25, 2024)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 14, 2022)
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