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The Achelis Foundation
The Achelis Foundation was founded by
Elisabeth Achelis in 1940. Miss Achelis
was born in Brooklyn Heights in 1880,
and moved to Manhattan in 1901 where she
resided until her death in 1973. Her father,
Fritz Achelis, was the president of the American
Hard Rubber Company, which produced a
variety of products under the "Ace" trademark,
including combs
and bowling balls.
The charter of
The Achelis Foundation
states its
mission as being
“to aid and contribute
to charitable,
benevolent,
educational and
religious uses and
purposes for the
moral, ethical,
physical, mental
and intellectual
well-being and
progress of
mankind; to aid and contribute to methods for
the peaceful settlement of international differences;
to aid and contribute to the furtherance
of the objects and purposes of any charitable,
benevolent, educational or religious institution
or agency; and to establish and maintain charitable,
benevolent and educational institutions
and agencies.”
Since its founding, The Achelis Foundation
has made grants totaling $33 million. Total
assets of The Achelis Foundation were
$40,458,275 on December 31, 2005.
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