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AbbVie Foundation

North chicago, IL Tax ID: 46-0827839 https://www.abbviefoundation.org/

The AbbVie Foundation supports health, education, and community development initiatives across the U.S., focusing on economically disadvantaged populations, with 2023 expenses of $39.9 million and revenue of $41.1 million.

About AbbVie Foundation

Comprehensive foundation profile based on the most recent IRS Form 990 filing

The AbbVie Foundation, based in North Chicago, Illinois, is a philanthropic organization with assets totaling $47,404,120. It focuses on supporting initiatives in health, education, and community development, particularly for economically disadvantaged and low-income populations. The foundation's efforts are directed towards improving healthcare access, medical education, and disaster relief. In 2023, the foundation reported expenses of $39,901,216 and revenue of $41,120,237. It funds projects across numerous U.S. cities and states, including major urban centers like New York, Los Angeles, and Chicago. The foundation's work spans a wide range of subject areas, emphasizing support for Black/African people and enhancing public safety and disaster management.

Focus Areas

Black/African peopleEconomically disadvantaged peopleLow-income peopleEducationGraduate and professional educationMedical educationHealthHealth care accessIn-patient medical careCommunity health careOut-patient medical careHealth care clinicsPublic safety and disaster managementDisasters and emergency managementDisaster reliefCommunity and economic development- Less

Geographic Focus

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Key Statistics
Total Assets $47.4M
Total Awarded This Year $39.2M
Average Grant Size $2K
Total Grants (Previous Year) 19,022
Open to New Applicants
% New Applicants Funded
Contact Information
North chicago, IL
Geographic Funding Distribution

Financials

Total Assets
$47.4M

+2.6% from previous year

Annual Grants
$39.2M

79 grants awarded in 2024

Expense Ratio
97.0%

Of total revenue spent on programs

Annual Grant Distribution
Revenue vs Expenses
Assets Over Time

Grants

Grant Awards
PurposeLocation
$12,368,436The Blackbaud Giving FundMatching GrantsCharleston, SC, US2022
$10,599,491The Blackbaud Giving FundMatching GrantsCharleston, SC, US2024
$7,010,769The Blackbaud Giving FundMatching GrantsCharleston, SC, US2023
$2,461,500Foundation For The CarolinasAbbVie Employee Relief FundCharlotte, NC, US2023
$2,400,000United Negro College FundUNCF Healthcare Workforce Diversity ProgramWashington, DC, US2022
$2,400,000United Negro College FundUNCF Healthcare Workforce Diversity ProgramWashington, DC, US2023
$2,400,000United Negro College FundUNCF Healthcare Workforce Diversity ProgramWashington, DC, US2024
$2,104,958Points of Light FoundationWeek of Possibilities 2023 Volunteer Projects Implementation and Week of Possibilities Volunteer for...Atlanta, GA, US2024
$2,049,347Points of Light Foundation2022 Week of PossibilitiesAtlanta, GA, US2023
$2,020,000Transform for KidsWOP 2023 Execution and WOP 2024 PlanningLake bluff, IL, US2024

People

Leadership & Staff

Compensation data from most recent available 990 forms

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Financial data sourced from IRS 990 forms via ProPublica Nonprofit Explorer

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Last updated on August 25, 2025

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