Santiago Abut Foundation Inc

Private foundation · Grantmaker Summit, NJ EIN: 27-3774088

Santiago Abut Foundation Inc is a private foundation, based in Summit, NJ. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $927K in total assets. In 2025, it awarded 6 grants totaling $50K. Net investment income was $107K.

Key facts about Santiago Abut Foundation Inc

In short: Santiago Abut Foundation Inc gave $50K across 6 grants in 2025 (avg $8K), mostly in New Jersey. Source: 2025 IRS Form 990-PF.

EIN
27-3774088
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$50,145
Grants made (2025)
6
Average grant
$8,358
Median grant
$7,500
Total assets
$927,405
Primary geography
New Jersey (100% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$927K

+6.4% YoY

Annual Giving

$50K

+8.1% YoY

Grant Count

6

-14.3% YoY

Avg Grant Size

$8K

+26.2% YoY

Under IRS private-foundation payout rules, Santiago Abut Foundation Inc reported a distributable amount of $53K for 2025 — the minimum it must pay out in qualifying distributions.

How Santiago Abut Foundation Inc gives

  • Giving held roughly steady from 2022 to 2025 (−4%). Method
  • In 2025 it paid out 97% 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.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

3states

Share of 2025 grant dollars across all 6 itemized grants.

Cities

SummitMorristownCambridgeMontvilleWestfieldMaldenParsippanySt Petersburg

Giving Over Time

Total grant dollars and number of grants per year

$0$20K$40K$60K8 grants2019 8 grants2020 9 grants2021 10 grants2022 9 grants2023 7 grants2024 6 grants2025

From 2019 to 2025, annual grant giving ranged from $37K (2020) to $52K (2022). In 2025 it made 6 grants totaling $50K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 6 recipients in 2025

Arts by the People: $22KArts by the People$22KGood Grief: $13KGood Grief$13KHearts of Hope: $10KHearts of Hope$10KYassin Mune: $5KYassin Mune$5KMIT: $125MIT$125St Teresa of Avila Church: $20St Teresa of Avila Church$20

The largest 2025 recipient was Arts by the People ($22K). Together the top 6 received $50K.

Grant Size Distribution

41 grants across all recorded years

41<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 41 grants of 41 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Arts by the People Morristown, NJDonation$22,000
Good Grief Morristown, NJDonation$13,000
Hearts of Hope Montville, NJDonation$10,000
Yassin Mune Summit, NJScholarship$5,000
MIT Cambridge, MADonation$125
St Teresa of Avila Church Summit, NJDonation$20

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$50K$100K$150K2019 2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$927,405$871,792$860,357
Revenue$108,450$59,861$71,252
Expenses$52,837$48,426$46,780
Qualifying Distributions$51,356$47,483$46,541
Net Investment Income$106,969$58,918$32,597
Distributable Amount$53,074$49,930$47,483

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2019 (received by the IRS June 9, 2020)
  2. Updated Form 990-PF for fiscal year 2025 (received by the IRS April 30, 2026)
  3. Updated Form 990-PF for fiscal year 2020 (received by the IRS April 9, 2021)
  4. Updated Form 990-PF for fiscal year 2021 (received by the IRS May 12, 2022)
  5. Updated Form 990-PF for fiscal year 2022 (received by the IRS April 28, 2023)
  6. Updated Form 990-PF for fiscal year 2023 (received by the IRS April 25, 2024)
  7. Updated Form 990-PF for fiscal year 2024 (received by the IRS April 24, 2025)

Leadership & Key People

Officers and directors from IRS filings

Santiago Abut Foundation Inc's 2025 filing lists 4 officers; none of the 4 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Caroline Abut

    Trustee

    On filings since 2019

    2 hrs/week

    No compensation reported

  • Daniel Abut

    Trustee

    On filings since 2019

    2 hrs/week

    No compensation reported

  • Maria Abut

    Trustee

    On filings since 2019

    2 hrs/week

    No compensation reported

  • Sonia Abut

    Trustee

    On filings since 2019

    2 hrs/week

    No compensation reported

Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Frequently asked questions about Santiago Abut Foundation Inc

How much does Santiago Abut Foundation Inc give each year?

Santiago Abut Foundation Inc gave $50K across 6 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $46K across 7 grants.

What is Santiago Abut Foundation Inc's typical grant size?

Santiago Abut Foundation Inc's median grant in 2025 was $7,500, and its average grant was $8,358, across 6 grants on its 2025 IRS Form 990-PF.

Where does Santiago Abut Foundation Inc give grants?

Santiago Abut Foundation Inc gives mostly in New Jersey: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Morristown, NJ (2 grants) and Summit, NJ (2 grants).

Does Santiago Abut Foundation Inc give general operating support?

Not in 2025: none of the 6 grants with a stated purpose on Santiago Abut Foundation Inc's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Donation" (5 grants).

Who are Santiago Abut Foundation Inc's largest grantees?

Santiago Abut Foundation Inc's largest 2025 grantees include Arts by the People ($22,000), Good Grief ($13,000) and Hearts of Hope ($10,000), according to its 2025 IRS Form 990-PF. Together they received 90% of its itemized 2025 grant dollars.

How large is Santiago Abut Foundation Inc?

Santiago Abut Foundation Inc reported $927K in total assets on its 2025 IRS Form 990-PF. It paid out $51K in qualifying distributions that year, against a required minimum of $53K (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 Santiago Abut Foundation Inc's EIN?

Santiago Abut Foundation Inc's EIN (Employer Identification Number) is 27-3774088. IRS Form 990 filing data is available on this page for 2019–2025.

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

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