Nonprofit · EIN 88-2495014
THE VIRGIL ABLOH FOUNDATION
Tax-exempt · WHITE PLAINS, NY 10601
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $225,540 | $1,693,004 | -$1,467,464 | $3,449,524 | $0 | $3,449,524 |
| December 31, 2023 | 990-PF | $925,321 | $946,249 | -$20,928 | $4,907,850 | $0 | $4,907,850 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $15,001
- Program service revenue
- $0
- Investment income
- $210,539
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $145,175
- Compensation of officers, directors and key employees
- $57,375
- Salaries, compensation and benefits (total)
- $57,375
- Professional fundraising fees
- $0
- Legal fees
- $305,536
- Accounting fees
- $20,943
- Travel
- $15,709
- Depreciation
- $2,150
- Program services (functional)
- $308,288
- Management and general (functional)
- $458,042
- Fundraising (functional)
- $926,674
Balance sheet and other
- Total assets, start of year
- $4,916,988
- Total assets, end of year
- $3,449,524
- Total liabilities, end of year
- $0
- Net assets, end of year
- $3,449,524
- Land, buildings and equipment
- $6,987
- Gross receipts
- $225,540
- Employees
- 2
- Year formed
- 2022
- State of legal domicile
- IL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DANA LOATMAN | EXECUTIVE DIRECTOR Key employee | 40 | $53,125 |
| SHANNON ABLOH | PRESIDENT Trustee or director, Officer | 5 | $4,250 |
| ANTON PAMER | DIRECTOR, TREASURER Trustee or director | 1 | $0 |
| HOWARD FELLER | DIRECTOR, SECRETARY Trustee or director | 1 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Shannon Abloh Foundation Source 501 Silverside Rd, Wilmington, DE 198091377 | Dir, Pres | 1 | $0 |
| Howard Feller Foundation Source 501 Silverside Rd, Wilmington, DE 198091377 | Dir, Sec | 1 | $0 |
| Anton Pamer Foundation Source 501 Silverside Rd, Wilmington, DE 198091377 | Dir, Treas | 1 | $0 |
Address and contacts
- Address (IRS master file)
- C/O GRF LLC 445 HAMILTON AVE 700, WHITE PLAINS, NY 10601-0000
- In care of
- % C/O GRF LLC
- Principal officer (990 for 2024)
- SHANNON ABLOH, C/O GRF LLC 445 HAMILTON AVE 700, WHITE PLAINS, NY 10601
- Signed the 990
- SHANNON ABLOH, PRESIDENT
- Phone
- (212) 307-8000
- Return prepared by
- GELFAND RENNERT & FELDMAN LLC
Mission
Virgil Abloh Foundation (the "Foundation") was established in 2022 as a 501(c)(3) nonprofit organization in the state of Illinois. The Foundation was created with a mission to open doors, break barriers, and build a more equitable and inclusive industry for diverse youth and cultural leaders in pursuit of a limitless creative future.
Program accomplishments
- .Expenses $308,288
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 88-2495014
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T30)
- Assets (IRS master file)
- $3,449,524
- Income (IRS master file)
- $225,540
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $225,540 | $1,693,004 | $3,449,524 | XML |
| 990-PF | December 2023 | $925,321 | $946,249 | $4,907,850 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 88-2495014).
Questions about THE VIRGIL ABLOH FOUNDATION
- What is the EIN of THE VIRGIL ABLOH FOUNDATION?
- The employer identification number (EIN) of THE VIRGIL ABLOH FOUNDATION is 88-2495014.
- Is THE VIRGIL ABLOH FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to THE VIRGIL ABLOH FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE VIRGIL ABLOH FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of THE VIRGIL ABLOH FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE VIRGIL ABLOH FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of THE VIRGIL ABLOH FOUNDATION?
- The 990 for the year ended December 31, 2024 names SHANNON ABLOH.
- Who are the officers and directors of THE VIRGIL ABLOH FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 4 people; 2 received compensation from the organization, the highest $53,125 (DANA LOATMAN, EXECUTIVE DIRECTOR).
- How much revenue does THE VIRGIL ABLOH FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $225,540, expenses of $1,693,004 and total assets of $3,449,524 at year end.
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