ABBVIE FOUNDATION: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
ABBVIE FOUNDATION (EIN 46-0827839)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-05-11
IRS object ID
202401329349100810
Schema version
2023v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-05-11T17:34:05+00:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN350921680PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1CROWE LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1225 West Wacker Drive Suite 2600AddressLine1Txt
CityChicagoCityNm
State AbbreviationILStateAbbreviationCd
ZIP606061224ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN460827839EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1AbbVie FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlABBVBusinessNameControlTxt
Phone8479356644PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11 North Waukegan RoadAddressLine1Txt
CityNorth ChicagoCityNm
State AbbreviationILStateAbbreviationCd
ZIP60064ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonTracie HaasPersonNm
Person TitlePresidentPersonTitleTxt
Signature2024-05-11SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstCLAUDIAPersonFirstNm
Person LastCARRAVETTAPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDiane KirmaciPreparerPersonNm
PTINP01578407PTIN
Phone3128997000PhoneNum
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$191,283,963FMVAssetsEOYAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$35,000,000ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$1,762,287InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$1,762,287InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$4,333,814DividendsRevAndExpnssAmt
Dividends Net Invst Incm$4,333,814DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$0NetGainSaleAstRevAndExpnssAmt
Cap Gain Net Incm Net Invst Incm$0CapGainNetIncmNetInvstIncmAmt
Gross Sales Less Ret And Allwnc$0GrossSalesLessRetAndAllwncAmt
Cost Of Goods Sold$0CostOfGoodsSoldAmt
Gross Profit Rev And Expnss$0GrossProfitRevAndExpnssAmt
Other Income Rev And Expnss$24,136OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm$0OtherIncomeNetInvstIncmAmt
Other Income Adj Net Incm$0OtherIncomeAdjNetIncmAmt
Total Rev And Expnss$41,120,237TotalRevAndExpnssAmt
Total Net Invst Incm$6,096,101TotalNetInvstIncmAmt
Total Adj Net Incm$0TotalAdjNetIncmAmt
Legal Fees Rev And Expnss$29,272LegalFeesRevAndExpnssAmt
Legal Fees Net Invst Incm$0LegalFeesNetInvstIncmAmt
Legal Fees Adj Net Incm$0LegalFeesAdjNetIncmAmt
Legal Fees Dsbrs Chrtbl$29,272LegalFeesDsbrsChrtblAmt
Accounting Fees Rev And Expnss$34,865AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$17,433AccountingFeesNetInvstIncmAmt
Accounting Fees Adj Net Incm$0AccountingFeesAdjNetIncmAmt
Accounting Fees Chrtbl Prps$0AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss$0OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$0OtherProfFeesNetInvstIncmAmt
Other Prof Fees Adj Net Incm$0OtherProfFeesAdjNetIncmAmt
Other Prof Fees Dsbrs Chrtbl$0OtherProfFeesDsbrsChrtblAmt
Interest Rev And Expnss$8,883InterestRevAndExpnssAmt
Interest Net Invst Incm$0InterestNetInvstIncmAmt
Interest Adj Net Incm$0InterestAdjNetIncmAmt
Interest Dsbrs Chrtbl$0InterestDsbrsChrtblAmt
Taxes Rev And Expnss$87,901TaxesRevAndExpnssAmt
Taxes Net Invst Incm$0TaxesNetInvstIncmAmt
Taxes Adj Net Incm$0TaxesAdjNetIncmAmt
Taxes Dsbrs Chrtbl$0TaxesDsbrsChrtblAmt
Deprec And Dpltn Rev And Expnss$0DeprecAndDpltnRevAndExpnssAmt
Deprec And Dpltn Net Invst Incm$0DeprecAndDpltnNetInvstIncmAmt
Deprec And Dpltn Adj Net Incm$0DeprecAndDpltnAdjNetIncmAmt
Other Expenses Rev And Expnss$536,254OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$2,000OtherExpensesNetInvstIncmAmt
Other Expenses Adj Net Incm$0OtherExpensesAdjNetIncmAmt
Other Expenses Dsbrs Chrtbl$484,277OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$697,175TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$19,433TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$0TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$513,549TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$39,204,041ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$39,204,041ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$39,901,216TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$19,433TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$0TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$39,717,590TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$1,219,021ExcessRevenueOverExpensesAmt
Net Investment Income$6,076,668NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$45,707,446SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$46,983,200SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$46,983,200SavAndTempCashInvstEOYFMVAmt
Acct Rcvbl BOY$43,556AcctRcvblBOYAmt
Acct Rcvbl EOY$0AcctRcvblEOYAmt
Acct Rcvbl EOYFMV$0AcctRcvblEOYFMVAmt
Pledges Rcvbl BOY$0PledgesRcvblBOYAmt
Pledges Rcvbl EOY$0PledgesRcvblEOYAmt
Pledges Rcvbl EOYFMV$0PledgesRcvblEOYFMVAmt
Rcvbl From Officers BOY$0RcvblFromOfficersBOYAmt
Rcvbl From Officers EOY$0RcvblFromOfficersEOYAmt
Rcvbl From Officers EOYFMV$0RcvblFromOfficersEOYFMVAmt
Other Nts And Loans Rcvbl$0OtherNtsAndLoansRcvblAmt
Other Rcvbl Allwnc Dbtfl Acct$0OtherRcvblAllwncDbtflAcctAmt
Other Nts And Loans Rcvbl BOY$0OtherNtsAndLoansRcvblBOYAmt
Other Nts And Loans Rcvbl EOY$0OtherNtsAndLoansRcvblEOYAmt
Other Nts And Loans Rcvbl EOYFMV$0OtherNtsAndLoansRcvblEOYFMVAmt
US Government Obligations BOY$0USGovernmentObligationsBOYAmt
US Government Obligations EOY$0USGovernmentObligationsEOYAmt
US Govt Obligations EOYFMV$0USGovtObligationsEOYFMVAmt
Corporate Stock BOY$420,920CorporateStockBOYAmt
Corporate Stock EOY$420,920CorporateStockEOYAmt
Corporate Stock EOYFMV$144,300,763CorporateStockEOYFMVAmt
Corporate Bonds BOY$0CorporateBondsBOYAmt
Corporate Bonds EOYFMV$0CorporateBondsEOYFMVAmt
Invst Land Cost Or Other Basis$0InvstLandCostOrOtherBasisAmt
Invst Land Accum Depreciation$0InvstLandAccumDepreciationAmt
Land Bldg Investments BOY$0LandBldgInvestmentsBOYAmt
Land Bldg Investments EOYFMV$0LandBldgInvestmentsEOYFMVAmt
Other Investments BOY$0OtherInvestmentsBOYAmt
Other Investments EOY$0OtherInvestmentsEOYAmt
Other Investments EOYFMV$0OtherInvestmentsEOYFMVAmt
Land Bldg Equip Cost Or Other Bss$0LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$0LandBldgEquipAccumDeprecAmt
Land BOY$0LandBOYAmt
Land EOYFMV$0LandEOYFMVAmt
Other Assets BOY$0OtherAssetsBOYAmt
Other Assets EOY$0OtherAssetsEOYAmt
Other Assets EOYFMV$0OtherAssetsEOYFMVAmt
Total Assets BOY$46,171,922TotalAssetsBOYAmt
Total Assets EOY$47,404,120TotalAssetsEOYAmt
Total Assets EOYFMV$191,283,963TotalAssetsEOYFMVAmt
Accounts Payable BOY$0AccountsPayableBOYAmt
Accounts Payable EOY$61,308AccountsPayableEOYAmt
Loans From Officers BOY$0LoansFromOfficersBOYAmt
Loans From Officers EOY$0LoansFromOfficersEOYAmt
Mortgages And Notes Payable BOY$0MortgagesAndNotesPayableBOYAmt
Mortgages And Notes Payable EOY$0MortgagesAndNotesPayableEOYAmt
Other Liabilities BOY$2,048,061OtherLiabilitiesBOYAmt
Other Liabilities EOY$1,999,930OtherLiabilitiesEOYAmt
Total Liabilities BOY$2,048,061TotalLiabilitiesBOYAmt
Total Liabilities EOY$2,061,238TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$44,123,861NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$45,342,882NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$44,123,861TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$45,342,882TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$46,171,922TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$47,404,120TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$44,123,861TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$1,219,021ExcessRevenueOverExpensesAmt
Other Increases$0OtherIncreasesAmt
Subtotal$45,342,882SubtotalAmt
Other Decreases$0OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$45,342,882TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

FieldValueIRS element (for citing)
Capital Gain Net Income$0CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$0NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$84,466InvestmentIncomeExciseTaxAmt
Subtotal$84,466SubtotalAmt
Tax Based On Investment Income$84,466TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$80,000EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$80,000TotalPaymentsAndCreditsAmt
Tax Due$4,466TaxDueAmt
Refund$0RefundAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateILOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundYes (true)DonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website Addresshttps://www.abbviefoundation.org/WebsiteAddressTxt
Individual With BooksCLAUDIA CARRAVETTAIndividualWithBooksNm
Phone8479356644PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line11 North Waukegan RdAddressLine1Txt
CityNorth ChicagoCityNm
State AbbreviationILStateAbbreviationCd
ZIP60064ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnYes (true)FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsYes (true)GrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Transactions Fail To Qlfy As ExcfalseTransactionsFailToQlfyAsExcInd
Maintained Expenditure RspnsYes (true)MaintainedExpenditureRspnsInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (9 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
Claudia Carravetta
1 North Waukegan RoadNorth ChicagoIL60064PRESIDENT16.000$0$0$0
EMILY Weith
1 North Waukegan RoadNorth ChicagoIL60064Vice President/Secretary1.000$0$0$0
WAYNE KLINTWORTH
1 North Waukegan RoadNORTH CHICAGOIL60064TREASURER0.500$0$0$0
Timothy Kolenda
1 North Waukegan RoadNORTH CHICAGOIL60064ASSISTANT TREASURER1.000$0$0$0
LAURA SCHUMACHER
1 NORTH WAUKEGAN ROADNORTH CHICAGOIL60064DIRECTOR (thru April 2023)1.000$0$0$0
RICHARD A GONZALEZ
1 NORTH WAUKEGAN ROADNORTH CHICAGOIL60064DIRECTOR1.000$0$0$0
TRACIE HAAS
1 North Waukegan RoadNORTH CHICAGOIL60064DIRECTOR4.000$0$0$0
Johanna Corbin
1 North Waukegan RoadNORTH CHICAGOIL60064Director (as of May 2023)0.250$0$0$0
Demetris Crum
1 North Waukegan RoadNorth chicagoIL60064Director (as of May 2023)0.250$0$0$0
FieldValueIRS element (for citing)
Other Employee Paid Over50k0OtherEmployeePaidOver50kCnt

Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdService TypeServiceTypeTxtCompensationCompensationAmt
Points of Light Foundation
101 Marietta St NW Ste 3100AtlantaGA30303project launch management, registration support and implementation, reporting and evaluation$220,700
Catalysis LLC
2520 SW Hamilton CtPortlandOR97230SEEK program development and support$197,717
FieldValueIRS element (for citing)
Contractor Paid Over50k3ContractorPaidOver50kCnt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1NONEDescription1Txt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1NONEDescription1Txt
Total$0TotalAmt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$137,344,520AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$39,492,722AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$176,837,242TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$176,837,242AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$2,652,559CashDeemedCharitableAmt
Net Vl Noncharitable Assets$174,184,683NetVlNoncharitableAssetsAmt
Minimum Investment Return$8,709,234MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$8,709,234MinimumInvestmentReturnAmt
Tax Based On Investment Income$84,466TaxBasedOnInvestmentIncomeAmt
Total Tax$84,466TotalTaxAmt
Distributable Before Adj$8,624,768DistributableBeforeAdjAmt
Distributable Before Ded$8,624,768DistributableBeforeDedAmt
Distributable As Adjusted$8,624,768DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$39,717,590ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Set Aside Cash Distri Test$0SetAsideCashDistriTestAmt
Qualifying Distributions$39,717,590QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$8,624,768DistributableAsAdjustedAmt
Undistributed Income PY$0UndistributedIncomePYAmt
Prior Year12021PriorYear1Yr
Prior Year22020PriorYear2Yr
Prior Year32019PriorYear3Yr
Total For Prior Years$0TotalForPriorYearsAmt
Excess Distribution Cyov Yr5$25,481,074ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$28,262,974ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$55,142,979ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$33,016,538ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$28,110,527ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$170,014,092TotalExcessDistributionCyovAmt
Qualifying Distributions$39,717,590QualifyingDistributionsAmt
Applied To Year1$0AppliedToYear1Amt
Applied To Prior Years$0AppliedToPriorYearsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$8,624,768AppliedToCurrentYearAmt
Remaining Distri From Corpus$31,092,822RemainingDistriFromCorpusAmt
Excess Distribution Cyov App CY$0ExcessDistributionCyovAppCYAmt
Total Corpus$201,106,914TotalCorpusAmt
Prior Year Undistributed Incm$0PriorYearUndistributedIncmAmt
Taxable1$0Taxable1Amt
Taxable2$0Taxable2Amt
Undistributed Income CY$0UndistributedIncomeCYAmt
Corpus Distri170b1 E Or4942g3$0CorpusDistri170b1EOr4942g3Amt
Excess Distri Cyov From Yr5$25,481,074ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$175,625,840ExcessDistriCyovToNextYrAmt
Excess From Year4$28,262,974ExcessFromYear4Amt
Excess From Year3$55,142,979ExcessFromYear3Amt
Excess From Year2$33,016,538ExcessFromYear2Amt
Excess From Year1$28,110,527ExcessFromYear1Amt
Excess From Current Year$31,092,822ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (79 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
Asian Health Coalition
1006 S Michigan Ave Suite 710CHICAGOIL60605N/APCGeneral Mission$25,000
Baylor College of Medicine International Pediatric AIDS Initiative
1102 Bates Street FC-630HOUSTONTX770302399N/ASO IBIPAI HIV and General Mission Support$1,580,000
Beacon Place NFP
603 South McAlister AvenueWaukeganIL60085N/APCGeneral Mission$175,000
Bernie's Book Bank
917 North Shore DriveLake BluffIL60044N/APC2023 Week of Possibilities$280,000
Bernie's Book Bank
917 North Shore DriveLake BluffIL60044N/APCFlood and Water Damage$10,000
Bernie's Book Bank
917 North Shore DriveLake BluffIL60044N/APCGeneral Mission$50,000
Big Brothers Big Sisters of Metropolitan Chicago
560 W LAKE STREET 5TH FLRCHICAGOIL606611420N/APCGeneral Mission$25,000
Boys & Girls Club of Lake County
730 S Martin Luther King Jr AveWAUKEGANIL60085N/APCGeneral Mission$10,000
CASA Lake County Inc
700 Forest Edge DrVernon HillsIL600613172N/APCGeneral Mission$10,000
Center on Halsted
3656 NORTH HALSTEDCHICAGOIL606135974N/APCGeneral Mission$25,000
Chapter One
13553 SR 54 STE 50ODESSAFL335563527N/APCGeneral Mission$25,000
Chicago Women's Health Center
1025 W SUNNYSIDE AVE STE 201CHICAGOIL606405684N/APCGeneral Mission$25,000
Christian Community Health Center
9718 S Halsted StCHICAGOIL606281007N/APCGeneral Mission$25,000
Cradles to Crayons Inc
2500 W Bradley PlaceChicagoIL60618N/APCGeneral Mission$100,000
Cradles to Crayons Inc
2500 W Bradley PlaceChicagoIL60618N/APCKit building volunteer project - Nov. 2023$18,000
Cradles to Crayons Inc
2500 W Bradley PlaceChicagoIL60618N/APCReady for Learning 2023$150,000
Cristo Rey St Martin College Prep
3106 Belvidere RoadWAUKEGANIL60085N/APCGeneral Mission$25,000
Direct Relief
6100 Wallace Becknell RoadSanta BarbaraCA931173214N/APCFund for Health Equity$1,900,000
Direct Relief
6100 Wallace Becknell RoadSanta BarbaraCA931173214N/APCImproving Health Access for Pediatric Cancer Patients in Underserved Communities in Mexico$200,000
Direct Relief
6100 Wallace Becknell RoadSanta BarbaraCA931173214N/APCDisaster Relief in Israel and Gaza$300,000
Erie Family Health Centers
1701 W Superior StreetChicagoIL60622N/APCGeneral Mission$50,000
Family Reach Foundation
142 Berkeley Street 3rd FloorBostonMA02116N/APCGeneral Mission$400,000
Foundation For The Carolinas
220 North Tryon StCharlotteNC28202N/APCAbbVie Employee Relief Fund$1,900,000
Girl Talk Inc
933 Lee Street SW B1AtlantaGA30310N/APCGeneral Mission$25,000
Girls Inc of Chicago
56 E 47th Street Suite 210cCHICAGOIL60653N/APCGeneral Mission$25,000
Global Health Corps
318 W 39th Street Room 9LNew York CityNY10018N/APCInvesting in the next generation of health equity leaders$100,000
Grateful Film Fund
3100 Donald Douglas Loop N Suite 20Santa MonicaCA90405N/APC"Vanish Mode" Documentary$200,000
Great Lakes Adaptive Sports Assoc (GLASA)
27864 Irma Lee Cir Ste 101LAKE FORESTIL60045N/APCGeneral Mission$25,000
Habitat for Humanity Lake County IL Inc
315 North Martin Luther King Jr AveWaukeganIL60085N/APCWeek of Possibilities 2024 Home Builds$300,000
Heart to Heart International Inc
PO Box 15566LenexaKS66285N/APCHygiene Kits$7,500
Impacting Veterans Lives Inc -Midwest Veterans Closet
PO Box 278WadsworthIL60083N/APCGeneral Mission$25,000
Indiana University
PO Box 78000DetroitMI482780867N/APCAMPATH Population Health$1,100,000
International Medical Corps
12400 WILSHIRE BLVD STE 1500LOS ANGELESCA900251030N/APCSupport for Conflict-affected Communities in Gaza$200,000
International Medical Corps
12400 WILSHIRE BLVD STE 1500LOS ANGELESCA900251030N/APCTurkey and Syria Earthquake Emergency Response$500,000
IOLA Foundation
7288 Sunset Blvd Ste 207Los AngelesCA90046N/APCGeneral Mission$25,000
Jersey Cares Inc
290 W Mt Pleasant AvenueLivingstonNJ07039N/APC2023 Week of Possibilities Support$300,000
Jersey Cares Inc
290 W Mt Pleasant AvenueLivingstonNJ07039N/APCDecember 4th Kit Building Project in Denver$10,000
Ladies of Virtue
1245 S MICHIGAN AVE SUITE 149CHICAGOIL606052408N/APCGeneral Mission$25,000
Lake County Crisis Center for the Prevention and Treatment of Domestic Viol
2710 17TH STREETZIONIL60099N/APCGeneral Mission$10,000
Lake County Veterans and Family Services Foundation
100 South Atkinson Road Ste 110GrayslakeIL60030N/APCGeneral Mission$25,000
MAP International
4700 Glynco ParkwayBrunswickGA31525N/APCDisaster Health Kit Packing Event$6,000
Metropolitan Asian Family Services
505 N ROSELLE RDRoselleIL601725008N/APCGeneral Mission$25,000
National Urban League Inc
80 PINE STREET 9TH FLOOR wwwnuloNEW YORKNY10005N/APCProject Ready Mentor$1,400,000
Nicasa NFP
31979 N FISH LAKE RDRound LakeIL600739517N/APCGeneral Mission$25,000
North Chicago Community Partners
855 Skokie Highway Suite DLake BluffIL60044N/APCK-12 Community School Initiative$575,000
North Chicago Community Partners
855 Skokie Highway Suite DLake BluffIL60044N/APCTeam Possibilities pilot - Kit Assembly$4,675
Northern Illinois Food Bank
273 DEARBORN CTGENEVAIL601343587N/APC2023 Week of Possibilities$25,000
Northern Illinois Food Bank
273 DEARBORN CTGENEVAIL601343587N/APCGeneral Mission$25,000
PADS Lake County Inc
1800 Grand AvenueWaukeganIL60085N/APCGeneral Mission Support$35,000
Partners In Health
800 Boylston St Suite 300BostonMA02199N/APCStrengthening Community Health in Mexico FY24$400,000
PFLAG Council of Northern Illinois
PO Box 734ElmhusrtIL60126N/APCGeneral Mission$25,000
Points of Light Foundation
101 Marietta Street Suite 3100AtlantaGA30303N/APCWeek of Possibilities 2023 Volunteer Projects Implementation and Week of Possibilities Volunteer for 2024$2,104,958
Prairie State Legal Services Inc
303 N MAIN ST STE 600ROCKFORDIL611011050N/APCGeneral Mission$10,000
Project HOPE - The People-to-People Health Foundation Inc
1220 19th Street NW Suite 800WashingtonDC20036N/APC2023 Turkiye Earthquakes Response$500,000
Project HOPE - The People-to-People Health Foundation Inc
1220 19th Street NW Suite 800WashingtonDC20036N/APCDisaster Relief in Israel and Gaza$200,000
Project VISION Inc
236 W 22ND PLCHICAGOIL606161902N/APCGeneral Mission Support$25,000
Providence St Mel School
119 S CENTRAL PARK BLVDCHICAGOIL606242941N/APCAbbVie Scholarships and the Academic Intervention Model$300,000
Pui Tak Center
2216 S WENTWORTH AVECHICAGOIL606162012N/APCDisability Support for Chinatown Families$25,000
Rise Against Hunger
4801 GLENWOOD AVE STE 200RaleighNC276123857N/APCMeal Packaing Event with Abbvie Employees$24,000
Scholarship America
7900 International Drive Suite 500MinneapolisMN554252561N/APCScholarships$507,417
Science & Entrepreneurship Exchange
1623 W Fulton StCHICAGOIL60612N/APCGeneral Mission$25,000
soul shoppe programs
111 FAIRMOUNT AVE SUITE 503OaklandCA946115918N/APCSafe and Equitable Schools$25,000
Surge for Water
1658 Milwaukee Ave 100-14070CHICAGOIL60647N/APCGeneral Mission$25,000
Teach For America
300 West Adams Suite 1000ChicagoIL60606N/APCExpanding Impact for North Chicago Students through Teacher Recruitment and Support$122,000
Team Rubicon
5230 Pacific Concourse Drive SuiteLOS ANGELESCA90045N/APCGeneral Mission Support$25,000
The Blackbaud Giving Fund
2000 Daniel Island DrCharlestonSC29492N/APCMatching Grants$10,599,491
The Heart of America Foundation
655 15th Street NW Suite 800WashingtonDC20785N/APC2023 WoP: 4 HQ + 10 Field Site Projects$1,375,000
The Lambs Farm Inc
14245 W Rockland RdLibertyvilleIL60048N/APCGeneral Mission$25,000
Total Link To Community
1200 SHERMER RD STE 109NORTHBROOKIL600624563N/APCGeneral Mission$25,000
Transform for Kids
855 Skokie Highway Suite DLake BluffIL60044N/APCWOP 2023 Execution and WOP 2024 Planning$2,020,000
UNICEF USA
125 MAIDEN LANE 10TH FLRNew yorkNY100384713N/APCUNICEF Response Gaza, State of Palestine HAC$300,000
United Negro College Fund
1805 7TH STREET NWWASHINGTONDC200013186N/APCUNCF Healthcare Workforce Diversity Program$2,400,000
United Service Organizations Inc
Allison WeltonArlingtonVA22201N/APCGeneral Mission$25,000
United Way of Lake County
330 S GREENLEAF STGURNEEIL600313389N/APCGeneral Mission$10,000
University of Chicago
5801 S ELLIS AVENUECHICAGOIL606375418N/APCLiaison in Care Program (LinC): Empowering our Community to Reduce Health Disparities$1,700,000
University of Chicago
5801 S ELLIS AVENUECHICAGOIL606375418N/APCShaping the Future of Cancer Research and Care$2,000,000
Waukegan to College NFP
410 Grand AvenueWaukeganIL60085N/APCGeneral Mission$25,000
Waymakers
440 EXCHANGE SUITE 250IrvineCA926021390N/APCGeneral Mission$25,000
Year Up Inc
45 MILK STREET 9TH FLOORBOSTONMA021095165N/APCYear Up: Closing the Opportunity Divide$2,000,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$39,204,041TotalGrantOrContriPdDurYrAmt
Total Grant Or Contri Apprv Fut$0TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$1,762,287ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$4,333,814ExclusionAmt

Other Revenue Described OtherRevenueDescribedGrp

FieldValueIRS element (for citing)
Descother incomeDesc
Exclusion1ExclusionCd
Exclusion$24,137ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$0UnrelatedBusinessTaxblIncmAmt
Exclusion$6,120,238ExclusionAmt
Related Or Exempt Function Incm$0RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$6,120,238TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1ABBVIE INCBusinessNameLine1Txt

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line11 N WAUKEGAN RDAddressLine1Txt
CityNORTH CHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP60064ZIPCd
FieldValueIRS element (for citing)
Total Contributions$35,000,000TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryAccounting FeesCategoryTxt
Amt$34,865Amt
Net Investment Income$17,433NetInvestmentIncomeAmt

Expenditure Responsibility Stmt ExpenditureResponsibilityStmt

Expenditure Responsibility ExpenditureResponsibilityGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdGrantGrantDtGrantGrantAmtPurpose Of GrantPurposeOfGrantTxtExpended By GranteeExpendedByGranteeAmtAny Diversion By GranteeAnyDiversionByGranteeTxtDates Of Reports By GranteeDatesOfReportsByGranteeTxtVerificationVerificationDtResults Of VerificationResultsOfVerificationTxt
Transform for Kids
855 Skokie Highway Suite DLake BluffIL600442022-12-07$287,000Week of Possibilities Volunteer Event 2023$287,000No4/1/23, 10/10/232022-12-07The Foundation conducted a pre-grant inquiry that gives the Foundation assurance that the grant funds will be used exclusively for programs and activities that further the Foundation's charitable purposes. The first report from the grantee is due December 30, 2023.
Transform for Kids
855 Skokie Highway Suite DLake BluffIL600442023-03-13$2,020,000Week of Possibilities Volunteer Event 2024$2,020,000No8/21/23, 10/10/232023-03-13The Foundation conducted a pre-grant inquiry that gives the Foundation assurance that the grant funds will be used exclusively for programs and activities that further the Foundation's charitable purposes. The first report from the grantee is due August 21, 2023.

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
ABBOTT LABORATORIES$201,937$59,927,502
ABBVIE$218,983$84,373,261

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategoryLegal FeesCategoryTxt
Legal Fees$29,272LegalFeesAmt
Disbursements Charitable Prps$29,272DisbursementsCharitablePrpsAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (5 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
BANK FEES$2,000$2,000
OUTSIDE SERVICES$384,653$286,560
DEFERRED EXCISE TAX-$48,131
FILING FEES$15
SCIENCE EDUCATION EXPENSE$197,717$197,717

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescALLERGAN FUND REFUNDS & SETTLEMENTSDesc
Revenue And Expenses Per Books$24,136RevenueAndExpensesPerBooksAmt

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail

FieldValueIRS element (for citing)
DescDEFERRED TAXESDesc
BOY Book Value$2,048,061BOYBookValueAmt
EOY Book Value$1,999,930EOYBookValueAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFederal TaxesCategoryTxt
Amt$87,901Amt

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