Abelard Foundation

The Abelard Foundation is a left-of-center family foundation created by Albert B. Wells and funded with profits from the American Optical Company in 1958. 1

At-A-Glance

Issue Areas: Multi-Issue Advocacy
Formation:

1959

President:

Travis Buck

Location: New York, NY View on map
Tax ID: 13-6064580
Most Recent Filing: 2024
Budget (2024): Assets: $10,971,291 Revenue: $634,465 Expenses: $519,673

Contents

    The Foundation makes grants to left-of-center nonprofit start-up organizations that seek to build political power in support of left-of-center social policy. Abelard makes an average of 15 grants per year, ranging in value from $8,000 to $12,000 each 2 The Foundation has made grants to several left-of-center organizations, including the Minnesota chapter of the Council on American Islamic Relations (CAIR), the Transgender Law Center, and the Movement Strategy Center (MSC).3

    History

    The Abelard Foundation is a left-of-center foundation that provides seed funding to community organizing groups that work to implement left-of-center social policy. 4

    The Foundation is the successor to the Albert B. Wells Charitable Trust, which was established in 1950 with the wealth created from ownership of the American Optical Company. 5 In the 1960s, A.B. Wells II assumed leadership and shifted the direction of Abelard Foundation to providing “seed grants” for left-of-center organizations. 6

    Wells later founded the left-of-center Common Counsel Foundation (CCF), a foundation that supports community organizations focused on left-of-center social policy implementation, and the Windcall Institute, an organization that provides wellness retreats for leaders of non-profits. 7 8 9

    Organization

    The Abelard Foundation operates East of the Mississippi River as Abelard East and West of it as Abelard West. Abelard West is managed by the Common Counsel Foundation (CCF). CCF also manages the Acorn Foundation, a group that funds startup environmental nonprofits; the Grassroots Exchange Fund, a grantmaking organization that supports left-of-center collaborations between social impact and environmentalist organization; the Social and Economic Justice Fund, a CCF project that seeks to fund left-of-center local coalitions; and the Still We Rise Fund, a project which organizes ethnic minorities, women, and LGBT individuals to support left-of-center social policies. Abelard East is controlled directly by a board of directors. 10 11 12 13

    AFI is a signatory of Philanthropy’s Promise, a project of the left-wing National Committee for Responsive Philanthropy. The statement pledges AFI to committing 50% of its grants to underserved communities and 25% to advocacy, community organizing, and civic engagement efforts. 14

    The organization makes about 15 annual grants ranging from $8,000 to $12,000  to groups seeking to build political power to support left-of-center policy implementation. Grants are one-year awards with the opportunity to renew for a maximum of three years. 15

    Grants

    The Abelard Foundation has made grants to the Minnesota chapter of the Council on American Islamic Relations (CAIR), which has been suspected throughout its history of supporting political Islamist movements, such as the Muslim Brotherhood. 16 Abelard has also provided grants to the Georgia Latino Alliance For Human Rights (GLAHR), a left-of-center organization focused on Latino communities; the Workers Center For Racial Justice, an organization focused on ending the alleged over-criminalization of African Americans; the Movement Strategy Center (MSC), a left-wing economic policy organization; and the Transgender Law Center, a controversial left-of-center organization most known for bringing a lawsuit which granted the right for criminals to be jailed according to their chosen gender, rather than their sex at birth. 17 18 3

    Donors

    The Ethel B Wells Trust, SP FW Magee, and SP JW Schreck trusts donate a combined $143,000 annually to AFI and are the sole source of funds not generated by investments held by the foundation. 19

    Leadership

    The Abelard Foundation is led by a 45-person board of directors consisting of persons from multiple branches of the Wells family. Decisions are made by majority vote. Travis Buck sits as president. Susan Collins, Brian Collins, Amma Bernhard, and Adele Bernhard sit as vice presidents. 20

    Finances

    The Abelard Foundation reported $601,111 in revenue in 2018, with $143,300 sourced from contributions by the Ethel B. Wells Trust and the remainder from investments. 21

    Expenses for Abelard totaled $477,111, including $293,000 in grants and $152,647 in professional fees. The Foundation did not report any salary expenses. 22

    It reported $8,350,008 in assets in 2018. 23

    Financial Statistics

    Total Assets

    Total Revenue

    Total Expenses

    YearTotal AssetsTotal RevenueTotal ExpensesFiling
    2024 $10,971,291 $634,465 $519,673 View
    2023 $10,750,050 $752,302 $280,096 View
    2022 $9,635,670 $384,715 $530,216 View
    2021 $11,869,376 $1,058,898 $580,434 View
    2020 $10,993,115 $501,200 $540,080 View

    Prior year filings: 2015, 2014, 2013, 2012, 2011

    Expenses Detail

    Grant Activity

    All-time grants given statistics from Candid dataset:

    • Total Grant Value: $3,792,863
    • Number of Grants: 344
    • Number of Recipients: 185

    Selection of highest value grants given from the last seven years:

    AmountYearFunderSubject
    $250,0002024 Bank of America Charitable Gift FundGENERAL CHARITABLE PURPOSES
    $15,0002024 Adelante Student Voices IncSUPPORT
    $15,0002024 Philly Black Worker ProjectSUPPORT
    $15,0002024 STRUGGLE FOR MIAMIS AFFORDABLE AND SUSTAINABLE HOUSING INCORPORATEDSUPPORT
    $15,0002024 The Peoples Port AuthoritySUPPORT
    $15,0002024 Wisconsin Conservation Voices IncSUPPORT
    $15,0002023 Adelante Student Voices IncSUPPORT
    $15,0002023 Movement Alliance ProjectSUPPORT
    $15,0002023 Peoples Port AuthoritySUPPORT
    $15,0002023 STRUGGLE FOR MIAMIS AFFORDABLE AND SUSTAINABLE HOUSING INCORPORATEDSUPPORT
    $15,0002022 Movement Alliance ProjectSUPPORT
    $15,0002022 Peoples Port AuthoritySUPPORT
    $12,0002024 Fairness West Virginia IncSUPPORT
    $12,0002024 Michigan Faith in ActionSUPPORT
    $12,0002024 Philadelphia Area Jobs with JusticeSUPPORT
    $12,0002023 Alianza Agricola IncSUPPORT
    $12,0002023 Fairness West Virginia IncSUPPORT
    $12,0002023 La Conexion De Wood CountySUPPORT
    $12,0002023 Michigan Faith in ActionSUPPORT
    $12,0002023 Philadelphia Area Jobs with JusticeSUPPORT
    $12,0002023 Providence Student UnionSUPPORT
    $12,0002023 Wisconsin Conservation Voices IncSUPPORT
    $12,0002022 Alianza Agricola IncSUPPORT
    $12,0002022 Fairness West Virginia IncSUPPORT
    $12,0002022 La Conexion De Wood CountySUPPORT

    References

    1. Abelard Foundation. Accessed December 10, 2020. https://abelardfoundation.com/.
    2. Abelard Foundation. Accessed December 9, 2020. https://abelardfoundation.com/
    3. “Abelard Foundation Inc.”. Return of Private Foundation (From 990-PF). 2018. Part XV Line 3.
    4. Hiltzik, Andrew. “Abelard Foundation: Grants for Criminal Justice Reform.” Inside Philanthropy. Inside Philanthropy, November 21, 2019. https://www.insidephilanthropy.com/crime-violence-funders/abelard-foundation-grants-for-criminal-justice-reform.
    5. “Exhibits and Collections.” Old Sturbridge Village. Accessed December 9, 2020. https://www.osv.org/explore-the-village/exhibits-and-collections/.
    6. Legacy.com, and Legacy. “Albert Wells Obituary (1934 – 2017) – San Francisco Chronicle.” Legacy.com. Legacy, March 23, 2017. https://www.legacy.com/obituaries/sfgate/obituary.aspx?pid=184657701.
    7. “Albert Bacheller Wells II.” Bozeman Daily Chronicle. Accessed December 9, 2020. https://www.bozemandailychronicle.com/obituaries/albert-bacheller-wells-ii/article_2e8a33ab-e9f3-50b3-aeb9-8ed3c00b05ce.html.
    8. “History.” Windcall Institute. Accessed December 9, 2020. https://windcall.org/about/history/.
    9. “30 Years Supporting Progressive Social Change.” Common Counsel Foundation. Accessed December 9, 2020. http://www.commoncounsel.org/.
    10. “Grassroots Exchange Fund Updated for COVID19.” Common Counsel Foundation. Accessed December 9, 2020. http://www.commoncounsel.org/grantmaking-initiatives/grassroots-exchange-fund/.
    11. “Acorn Foundation.” Common Counsel Foundation. Accessed December 9, 2020. http://www.commoncounsel.org/296-2/.
    12. “Home.” Native Voices Rising, November 20, 2020. http://www.nativevoicesrising.org/.
    13. “Social & Economic Justice Fund.” Common Counsel Foundation. Accessed December 9, 2020. http://www.commoncounsel.org/grantmaking-initiatives/social-economic-justice-fund/.
    14. “Philanthropy’s Promise.” National Committee For Responsive Philanthropy, November 22, 2016. https://www.ncrp.org/initiatives/philanthropys-promise.
    15. “About.” About – Abelard Foundation. Accessed December 9, 2020. https://abelardfoundation.com/about/.
    16. Svirsky, Meira. “Council on American Islamic Relations (CAIR) – Nat’l Headquarters.” The Clarion Project. January 17, 2013. Accessed November 20, 2017. https://clarionproject.org/council-islamic-relations-cair/ 
    17. “CAIR Minnesota Join the Fight Against RAFIsm.” CAIR Minnesota – CAIR Minnesota. Accessed December 9, 2020. https://cairmn.com/.
    18. “Foreign Terrorist Organizations – United States Department of State.” U.S. Department of State. U.S. Department of State, December 1, 2020. https://www.state.gov/foreign-terrorist-organizations/.
    19. “Abelard Foundation Inc.”. Return of Private Foundation (From 990-PF). 2018. Schedule B, Part I
    20. “Abelard Foundation Inc.”. Return of Private Foundation (From 990-PF). 2018. Part VIII, Line 1.
    21. “Abelard Foundation Inc.”. Return of Private Foundation (From 990-PF). 2018. Part I, Lines 12, 1.
    22. “Abelard Foundation Inc.”. Return of Private Foundation (From 990-PF). 2018. Part I, Lines 26, 25, 16c.
    23. “Abelard Foundation Inc.”. Return of Private Foundation (From 990-PF). 2018. Part II, Line 16.