The Nemec Abbott Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $4.5M in total assets. In 2024, it awarded 34 grants totaling $797K. Net investment income was $382K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.5M
-13.7% YoY
Annual Giving
$797K
+214.1% YoY
Grant Count
34
+240.0% YoY
Avg Grant Size
$23K
-7.6% YoY
Under IRS private-foundation payout rules, The Nemec Abbott Foundation reported a distributable amount of $251K for 2024 — the minimum it must pay out in qualifying distributions.
About The Nemec Abbott Foundation
Based on IRS filings
The Nemec Abbott Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $4.5M in total assets. In 2024, it awarded 34 grants totaling $797K. Net investment income was $382K.
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 | $4,537,078 | $5,260,190 | — |
| Revenue | $302,090 | $5,565,575 | — |
| Expenses | $1,033,769 | $305,385 | — |
| Qualifying Distributions | $996,328 | $303,345 | — |
| Net Investment Income | $381,814 | $2,297,413 | — |
| Distributable Amount | $250,844 | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
44 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Boys and Girls Clubs of the Pee Dee Area Inc ($200,000), South Carolina Legal Services ($88,500), Growing Home Southeast Inc ($53,250).
| Recipient | Purpose | Amount |
|---|---|---|
| AMIKIDS INC CLIO, SC | AMIkids Infinity Marlboro | $28,500 |
| C Harkless Jr ANDERSON, SC | Scholarship Grant | $5,000 |
| BOYS AND GIRLS CLUBS OF THE PEE DEE AREA INC FLORENCE, SC | General & Unrestricted | $200,000 |
| A G Padgett N CHARLESTON, SC | Scholarship Grant | $2,500 |
| L Miller ORANGEBURG, SC | SCHOLARSHIP GRANT | $2,500 |
| P HICKSON CHARLESTON, SC | SCHOLARSHIP GRANT | $5,702 |
| DARLINGTON COUNTY HUMANE SOCIETY INC HARTSVILLE, SC | operating cost to open the new shelter | $10,000 |
| FLORENCE 1 SCHOOL DISTRICT FLORENCE, SC | John W. Moore Middle School Soccer Uniforms | $2,500 |
| FLORENCE 1 SCHOOL DISTRICT FLORENCE, SC | Leader In Me at Briggs Elementary School | $15,000 |
| FLORENCE 1 SCHOOL DISTRICT FLORENCE, SC | General & Unrestricted | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Kerstin N Abbott | Dir, Pres, Treas | 10 | — |
| Michael Charles Abbott | Dir, Sec, VP | 1 | — |
| Chad Nemec | Dir | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Nemec Abbott Foundation?
The Nemec Abbott Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. It holds $4.5M in total assets as of 2024.
How large is The Nemec Abbott Foundation?
As of 2024, The Nemec Abbott Foundation holds $4.5M in total assets with $302K in annual revenue. It awarded 34 grants totaling $797K in 2024.
Where does The Nemec Abbott Foundation operate?
The Nemec Abbott Foundation has awarded grants in South Carolina.
What size grants does The Nemec Abbott Foundation award?
In 2024, The Nemec Abbott Foundation awarded 34 grants totaling $797K — an average of about $23K per grant, based on its IRS Form 990 filings.
How much is The Nemec Abbott Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Nemec Abbott Foundation reported a distributable amount of $251K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Nemec Abbott Foundation's EIN?
The Nemec Abbott Foundation's EIN (Employer Identification Number) is 88-3230696. IRS Form 990 filing data is available on this page for 2022–2024.
Explore Open Grants
Browse active grant opportunities in The Nemec Abbott Foundation'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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