Overview
What is The Frederick B Abramson Memorial Foundation?
The Frederick B Abramson Memorial Foundation is a nonprofit organization situated in Washington D.C., committed to supporting underprivileged college-bound high school students from the District of Columbia. Since 1991, the foundation has awarded over $1.5 million in scholarships to more than 300 deserving students, based on three criteria: financial need, academic achievement, and community service involvement. The foundation offers subsequent scholarship funding to these students, provided they maintain good academic records and actively engage in the mentoring program. To ensure the scholars' success, the foundation not only provides financial aid but also offers personal and professional guidance through individual mentors and programs, fostering their academic success, emotional growth, and professional development. As of now, the foundation supports 35 scholars at various stages of their college journey. Seven out of ten scholars come from single-parent households and are the first generation in their families to attend college. The average household income for these students is $43,000 annually. The foundation's mission is to enable motivated district high school and charter graduates to attend college and succeed once they do so, employing a two-fold approach – providing financial assistance and personal and professional guidance to its scholars.
Official website here: www.abramsonfoundation.org
What do the Facebook reviews say about The Frederick B Abramson Memorial Foundation?
88% of reviewers on Facebook recommend The Frederick B Abramson Memorial Foundation. Here is a summary of their insights:
Support and mentorship are key themes in the reviews, with users praising the foundation for providing students with valuable guidance and a robust support system during their college journeys. One reviewer highlighted the foundation's positive impact on students, noting that it fosters an environment conducive to success in college.
Overall, the sentiment regarding the foundation is largely positive, with an emphasis on the difference it makes in the lives of its participants. The commitment to mentoring and support is well-received, reflecting a strong alignment with the foundation's mission to help students thrive.
This AI summary has been generated from reviews found on Facebook.
Is The Frederick B Abramson Memorial Foundation legitimate?
The Frederick B Abramson Memorial Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Frederick B Abramson Memorial Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $86,106
Professional Fundraising Fees: $0
Other Salaries and Wages: $46,468
For more financial information, click here
Official website here: www.abramsonfoundation.org
What is the mission statement of The Frederick B Abramson Memorial Foundation?
The Frederick B Abramson Memorial Foundation's mission is centered around providing opportunities for motivated District of Columbia public high school and charter graduates to attend college. The foundation achieves this by implementing a two-pronged strategy. Firstly, it offers critical financial assistance to students who might not be able to attend college without this aid. Secondly, the foundation provides these students with personal and professional guidance through individual mentors and programs, fostering their academic success, emotional growth, and professional development. This holistic approach enables the foundation to support its scholars throughout their college journey and beyond.
Official website here: www.abramsonfoundation.org
What is the revenue of The Frederick B Abramson Memorial Foundation?
The Frederick B Abramson Memorial Foundation's revenue in 2024 was $390,876.
Official website here: www.abramsonfoundation.org
Who are the executives of The Frederick B Abramson Memorial Foundation and what are their salaries?
The average compensation at The Frederick B Abramson Memorial Foundation during 2024 was $44,191. There are 3 employees and 50 volunteers at The Frederick B Abramson Memorial Foundation.
Here are 23 key members and their salaries:
- Compensation: $41,106
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.abramsonfoundation.org
Where can I find the form 990 for The Frederick B Abramson Memorial Foundation?
The Frederick B Abramson Memorial Foundation's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.abramsonfoundation.org
Learn more at the official website: www.abramsonfoundation.org
Mission Statement of The Frederick B Abramson Memorial Foundation
The Frederick B Abramson Memorial Foundation is dedicated to ensuring that motivated District of Columbia public high school and charter graduates have the opportunity to attend college and succeed once they arrive. The foundation achieves this mission through a two-pronged approach. Firstly, it provides critical financial assistance to students who may not be able to attend college without their help. Secondly, the foundation offers personal and professional guidance to these students through individual mentors and programs, fostering their academic success, emotional growth, and professional development. This approach allows the foundation to support its scholars throughout their four years of college and beyond.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Frederick B. Abramson Memorial Foundation significantly enhances educational opportunities for motivated graduates of District of Columbia public high schools and charter schools. By awarding over $1.5 million in scholarships to more than 300 underprivileged college-bound students since its inception in 1991, the foundation plays a crucial role in addressing financial barriers that many students face.
The foundation adopts a two-fold approach to empower its scholars: first, it provides essential financial assistance to help cover college-related expenses and ensure that students can afford to continue their education. Second, it prioritizes personal and professional mentorship, offering guidance that is instrumental in fostering academic success, emotional growth, and professional development. This comprehensive support system allows scholars to thrive throughout their college years and beyond.
Currently, the foundation supports 35 scholars, many of whom come from single-parent households and are first-generation college students. The average household income for these students is approximately $43,000 a year, highlighting the critical need for financial assistance.
The foundation's commitment to maintaining funding and support throughout a scholar's college journey is exceptional. As financial aid from other sources often diminishes, the Abramson Foundation ensures that its scholars have consistent resources to rely on, thereby promoting long-term success and empowerment. This holistic approach not only helps students overcome immediate challenges but also cultivates future leaders in the community.
This information is meant to be a general summary of The Frederick B Abramson Memorial Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $15,274
- Program Service Revenue: $4,950
- Gross Receipts: $390,876
Assets and Liabilities:
- Total Assets: $839,661
- Total Liabilities: $285,275
- Net Assets: $554,386
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SCHOLARSHIPS RETURNED
Revenue
$4,950
Organization Details
Founding Year
1991
Principal Officer
Jessica Clark
Website
www.abramsonfoundation.orgNTEE Category
Code: B82 - Education
If you are a representative of The Frederick B Abramson Memorial Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.