Form 990 for tax year 2024

Totals

Total revenue

$5,811,080

Total expenses

$7,948,382

Contributions and grants received

$3,848,103

Grants paid

$520,000

Program service revenue

$1,528,327

Investment income

$434,650

Other revenue

$0

Total assets, end of year

$18,322,943

Total liabilities, end of year

$1,288,925

Net assets or fund balances, end of year

$17,034,018

Program services expenses (Part IX)

$5,941,652

Management and general expenses

$1,260,396

Fundraising expenses

$746,334

Program service expenses (Part III)

$5,941,652

Program services were 74.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Mission and programs · 2024

• ANNUAL CONFERENCE AND JAMES JOSEPH LECTUREABFE'S ANNUAL CONFERENCE IS A GATHERING OF PHILANTHROPIC AND NON-PROFIT PROFESSIONALS FOR NETWORKING AND ENGAGEMENT AROUND SHARED INTEREST IN SUPPORTING BLACK COMMUNITIES THROUGH PHILANTHROPY. THE TARGET AUDIENCE IS ABFE'S MEMBERS AND PARTNERS; FOUNDATION TRUSTEES, EXECUTIVE STAFF AND PROGRAM OFFICERS, GRANT MAKING ENTITIES INCLUDING PRIVATE FOUNDATIONS, CORPORATE GIVING PROGRAMS, DONOR-ADVISED FUNDS AND GIVING CIRCLES.

  Expenses $1,041,655 · Revenue $601,152

• PHILANTHROPIC ADVISING SERVICESPHILANTHROPIC ADVISING SERVICES PROVIDE WORKSHOPS AND TOOLS DESIGNED TO INCREASE GRANTMAKERS' INVESTMENTS, DEVELOP COLLECTIVE GIVING MODELS, AND SUPPORT DONORS IN DOING THEIR WORK MORE EFFECTIVELY.

  Expenses $778,089 · Revenue $212,925

• MEMBERSHIP SERVICESABFE MEMBERSHIP IS OPEN TO PHILANTHROPIC PROFESSIONALS, NONPROFIT LEADERS, INDIVIDUAL DONORS, AND SECTOR PARTNERS. ABFE OFFERS A VARIETY OF OPPORTUNITIES FOR MEMBERS AND OTHER PROFESSIONALS IN THE FIELD TO EXCHANGE INFORMATION AND IDEAS, AND TO CULTIVATE PRODUCTIVE RELATIONSHIPS THAT OFTEN RESULT IN LEARNING, CO-INVESTMENT, AND EXPANDED SOCIAL AND PROFESSIONAL OPPORTUNITIES AND COMMUNITIES.

  Expenses $627,244 · Revenue $453,150

• BLACK COMMUNITY FUNDERS NETWORKTHE BLACK COMMUNITIES FUNDERS NETWORK IS A NATIONAL NETWORK OF LEADERS MANAGING FUNDS AT COMMUNITY FOUNDATIONS, INTERMEDIARY ORGANIZATIONS, AND COLLABORATIVE FUNDS DESIGNED TO SUPPORT BLACK COMMUNITIES AND BLACK-LED ORGANIZATIONS.CONNECTING LEADERS FELLOWSHIP PROGRAM (CLFP)THE CONNECTING LEADERS FELLOWSHIP IS A LEADERSHIP DEVELOPMENT PROGRAM THAT CULTIVATES BOLD, REPRESENTATIVE, AND INCLUSIVE DECISION-MAKERS TO LEAD THE PHILANTHROPIC SECTOR. FELLOWS GET THE OPPORTUNITY TO LEARN FROM SEASONED GRANTMAKERS AND PEERS ON A REGULAR BASIS, UNDERSTAND HOW TO BE MORE EFFECTIVE AGENTS FOR CHANGE WITHIN THEIR INSTITUTIONS, AND PARTICIPATE IN A NETWORK THAT FOCUSES ON INNOVATIVE SOLUTIONS TO COMMUNITY CHALLENGES.LEVERAGE THE TRUST - CALEVERAGE THE TRUST IS A COMMUNITY OF FOUNDATION TRUSTEES IN CALIFORNIA ORGANIZED TO BUILD RELATIONSHIPS, CREATE LEARNING OPPORTUNITIES, STRATEGIZE TOGETHER, AND TAKE COLLECTIVE ACTION ON ISSUES IMPACTING THE BLACK COMMUNITY.BLACK WOMEN IN PHILANTHROPY (BWIP) THE BLACK WOMEN IN PHILANTHROPY LEADERSHIP (BWIP) RETREAT PROVIDES AN INTIMATE, RESTORATIVE SPACE FOR PARTICIPANTS TO DEEPEN THEIR CONNECTIONS, EXPAND THEIR LEADERSHIP ACUMEN, AND COLLECTIVELY STRENGTHEN THEIR CAPACITY TO LEAD, DIRECT, AND SERVE IN WAYS THAT CENTER ON HEALING, RESTORATION, AND FORWARD MOVEMENT OF THE SECTOR. CONGRESSIONAL BLACK CAUCUSABFE HOSTED ITS SEVENTH PANEL DISCUSSION AT THE CONGRESSIONAL BLACK CAUCUS FOUNDATION'S 2024 ANNUAL LEGISLATIVE CONFERENCE. THIS SESSION EXPLORED PERVASIVE BARRIERS WITHIN SMALL BUSINESS PROCUREMENT PROCESSES AND HIGHLIGHTED THE INTEGRAL ROLE OF PHILANTHROPY IN EXPANDING OPPORTUNITIES FOR BLACK-LED FIRMS. CORPORATE COMMUNITY OF PRACTICECORPORATE COMMUNITY OF PRACTICE IS A MEMBER NETWORK DESIGNED TO EMPOWER CORPORATE PHILANTHROPIC LEADERS WITH THE TOOLS TO CHAMPION INCREASED ADVOCACY AND RESOURCES FOR BLACK COMMUNITIES. READIREADI IS A PARTNERSHIP BETWEEN ABFE AND OTHER PHILANTHROPIC AFFINITY GROUPS TO SUPPORT PHILANTHROPY'S EFFORTS TO ADVANCE THE WELL-BEING OF ALL AMERICANS BASED ON THEIR LIVED EXPERIENCE.OTHER PROGRAMSOTHER PROGRAMS INCLUDE ENGAGEMENTS CHAMA TO BUILD FUNDER COLLABORATIVES IN SUPPORT OF BLACK COMMUNITIES AND SMART INVESTING, TO EXPAND INVESTMENT OPPORTUNITIES TO ENSURE THE MOST TALENTED FINANCIAL FIRMS ARE HIRED IN THE FIELD.

  Expenses $3,494,664 · Grants $520,000 · Revenue $261,100

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

• NATIVE AMERICANS IN PHILANTHROPY

  $340,000

  TO HELP SUPPORT ABFE'S RACIAL EQUITY ADVANCEMENT AND DEFENSE INITIATIVE

• ASIAN AMERICAN-PACIFIC ISLANDERS IN PHILANTHROPY INC

  $90,000

  TO HELP SUPPORT ABFE'S RACIAL EQUITY ADVANCEMENT AND DEFENSE INITIATIVE

• HISPANICS IN PHILANTHROPY

  $90,000

  TO HELP SUPPORT ABFE'S RACIAL EQUITY ADVANCEMENT AND DEFENSE INITIATIVE

Provenance

Return type

form_990

Tax year

2024

Filed

13 May 2025

IRS schema version

2024v5.1

Source object

202511339349309566

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