The Nemec Abbott Foundation

Foundation · Grantmaker WILMINGTON, DE EIN: 88-3230696

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.

Key facts about The Nemec Abbott Foundation

EIN: 88-3230696
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $796,775
Grants made (2024): 34
Average grant: $23,435
Median grant: $14,861
Total assets: $4,537,078
Primary geography: South Carolina (100% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated April 2026.

Who The Nemec Abbott Foundation funds

By grant dollars, the top recipient states for The Nemec Abbott Foundation's 34 itemized 2024 grants were South Carolina (100%). The most frequent recipient cities were Florence, SC (20 grants), Columbia, SC (4 grants) and Cayce, SC (2 grants). 29% of grants with a stated purpose were for general or operating support. Recurring purposes include "Scholarship Grant" (7 grants).

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

+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

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

South Carolina $797K (100%)

Share of all 34 itemized 2024 grant dollars.

States

South Carolina

Cities

FlorenceColumbiaCayceDarlingtonHartsvilleAndersonCharlestonClioGreenvilleN CharlestonOrangeburg

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

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 recipients include Senior Citizens Association in Florence County ($240,936 across 11 grants), Boys and Girls Clubs of the Pee Dee Area Inc ($200,000), South Carolina Legal Services ($88,500).

Recipient	Purpose	Amount
BOYS AND GIRLS CLUBS OF THE PEE DEE AREA INC FLORENCE, SC	General & Unrestricted	$200,000
SOUTH CAROLINA LEGAL SERVICES COLUMBIA, SC	General & Unrestricted	$88,500
GROWING HOME SOUTHEAST INC CAYCE, SC	General & Unrestricted	$53,250
SENIOR CITIZENS ASSOCIATION IN FLORENCE COUNTY FLORENCE, SC	Dorothy Blackwell Fundraiser Match	$30,000
AMIKIDS INC CLIO, SC	AMIkids Infinity Marlboro	$28,500
SENIOR CITIZENS ASSOCIATION IN FLORENCE COUNTY FLORENCE, SC	delivered meals for October 2024	$26,283
SENIOR CITIZENS ASSOCIATION IN FLORENCE COUNTY FLORENCE, SC	General & Unrestricted	$26,097
SENIOR CITIZENS ASSOCIATION IN FLORENCE COUNTY FLORENCE, SC	delivered meals for July 2024	$26,045
FLORENCE AREA HUMANE SOCIETY FLORENCE, SC	Spay and Neuter Clinic	$25,000
JONATHAN C SMITH FOUNDATION FOR BIPOLAR TEENS FLORENCE, SC	General & Unrestricted	$25,000

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

Philanthropy, Voluntarism & Grantmaking

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.