Santiago Abut Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SUMMIT, NJ. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $872K in total assets. In 2024, it awarded 7 grants totaling $46K. Net investment income was $59K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$872K
+1.3% YoY
Annual Giving
$46K
+2.0% YoY
Grant Count
7
-22.2% YoY
Avg Grant Size
$7K
+31.1% YoY
Under IRS private-foundation payout rules, Santiago Abut Foundation Inc reported a distributable amount of $50K for 2024 — the minimum it must pay out in qualifying distributions.
About Santiago Abut Foundation Inc
Based on IRS filings
Santiago Abut Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SUMMIT, NJ. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $872K in total assets. In 2024, it awarded 7 grants totaling $46K. Net investment income was $59K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $871,792 | $860,357 | $835,885 |
| Revenue | $59,861 | $71,252 | $37,227 |
| Expenses | $48,426 | $46,780 | $54,777 |
| Qualifying Distributions | $47,483 | $46,541 | $53,200 |
| Net Investment Income | $58,918 | $32,597 | $35,650 |
| Distributable Amount | $49,930 | $47,483 | $46,541 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
Grant Size Distribution
43 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Arts by the People ($20,000), Good Grief ($11,000), Hearts of Hope ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| MIT CAMBRIDGE, MA | DONATION | $125 |
| ST TERESA OF AVILA CHURCH SUMMIT, NJ | DONATION | $20 |
| HEARTS OF HOPE MONTVILLE, NJ | DONATION | $10,000 |
| ARTS BY THE PEOPLE MORRISTOWN, NJ | DONATION | $20,000 |
| YASSIN MUNE SUMMIT, NJ | SCHOLARSHIP | $5,000 |
| BAHAMA HOPE FOUNDATION ST PETERSBURG, FL | DONATION | $227 |
| GOOD GRIEF MORRISTOWN, NJ | DONATION | $11,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DANIEL ABUT | TRUSTEE | 2 | — |
| SONIA ABUT | TRUSTEE | 2 | — |
| MARIA ABUT | TRUSTEE | 2 | — |
| CAROLINE ABUT | TRUSTEE | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Santiago Abut Foundation Inc?
Santiago Abut Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SUMMIT, NJ. It holds $872K in total assets as of 2024.
How large is Santiago Abut Foundation Inc?
As of 2024, Santiago Abut Foundation Inc holds $872K in total assets with $60K in annual revenue. It awarded 7 grants totaling $46K in 2024.
Where does Santiago Abut Foundation Inc operate?
Santiago Abut Foundation Inc has awarded grants in Florida, Massachusetts, New Jersey.
What size grants does Santiago Abut Foundation Inc award?
In 2024, Santiago Abut Foundation Inc awarded 7 grants totaling $46K — an average of about $7K per grant, based on its IRS Form 990 filings.
How much is Santiago Abut Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Santiago Abut Foundation Inc reported a distributable amount of $50K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2019–2024.
Explore Open Grants
Browse active grant opportunities in Santiago Abut Foundation Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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