Harold Grinspoon Foundation
- Assets
- $968.7m
- Revenue
- $58.2m
- Investments
- $223.3m
- Employees
- 217
- Location
- Agawam, MA
- Founding
- 12/1991
- Data as of
- 06/2021
- EIN
- 04-6685725
Organization Overview
Harold Grinspoon Foundation is located in Agawam, MA. The organization was established in 1991. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2022, Harold Grinspoon Foundation employed 217 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Harold Grinspoon Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Harold Grinspoon Foundation generated $58.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (11.5%) each year. All expenses for the organization totaled $60.9m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Harold Grinspoon Foundation has awarded 1,636 individual grants totaling $79,207,253. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT PRIMARILY JEWISH EDUCATIONAL INSTITUTIONS AND ORGANIZATIONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PJ LIBRARY (PJ FOR PAJAMAS), IN PARTNERSHIP WITH LOCAL COMMUNITIES PROVIDES FAMILIES WITH HIGH-QUALITY CHILDREN'S BOOKS, MUSIC, AND OTHER RESOURCES THAT FOSTER JEWISH LEARNING AND CREATE A GATEWAY FOR DEEPER ENGAGEMENT IN JEWISH LIFE. PJ LIBRARY SERVES 172,265 FAMILIES IN 186 COMMUNITIES IN THE US AND CANADA, AND THOUSANDS OF OTHER FAMILIES AROUND THE WORLD. PJ LIBRARY AWARDED OVER 200 GRANTS TO PARTNERING ORGANIZATIONS IN THE U.S. AND CANADA AND OVER 1,500 CAMP GRANTS TO CHILDREN OF PJ LIBRARY FAMILIES TO ATTEND JEWISH SUMMER CAMP.
THE JCAMP180 PROVIDES MENTORING SERVICES AND CHALLENGE GRANTS TO NONPROFIT JEWISH OVERNIGHT CAMPS AND OTHER ORGANIZATIONS. JCAMP180 FOCUSES ON STRATEGIC PLANNING, LEADERSHIP DEVELOPMENT, FUNDRAISING, AND OVERALL CAPACITY BUILDING.
LIFE & LEGACY ASSISTS COMMUNITIES ACROSS NORTH AMERICA, THROUGH PARTNERSHIPS WITH JEWISH FEDERATIONS AND FOUNDATIONS, TO PROMOTE AFTER-LIFETIME GIVING TO BUILD ENDOWMENTS THAT WILL PROVIDE FINANCIAL STABILITY TO JEWISH DAY SCHOOLS, SYNAGOGUES, SOCIAL SERVICE ORGANIZATIONS, AND OTHER JEWISH ENTITIES. THROUGH TRAINING, SUPPORT AND MONETARY INCENTIVES, THIS PARTNERSHIP PROGRAM MOTIVATES JEWISH ORGANIZATIONS TO SECURE LEGACY GIFTS, STEWARD DONORS, AND INTEGRATE LEGACY GIVING INTO THE PHILANTHROPIC CULTURE OF THE JEWISH COMMUNITY. THIS WAS FORMERLY REPORTED AS PART OF THE HGF AWARDS PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Winifred Sandler Grinspoon Trustee & President | OfficerTrustee | 40 | $0 |
Harold Grinspoon Trustee | Trustee | 10 | $0 |
Jeremy Pava Trustee | Trustee | 4 | $0 |
Diane Troderman Trustee | Trustee | 4 | $0 |
Jason Glasgow Trustee Through 8/31/21 | Trustee | 4 | $0 |
Rabbi Tuvia Brander Trustee | Trustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Community Counselling Service Co Llc Consultant | 6/29/22 | $497,000 |
Cloud For Good Llc It Consultant | 6/29/22 | $374,366 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $32,847,111 |
| Investment income | $9,079,762 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $11,365,473 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $58,159,410 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $1,395,062 |
| Grants and other assistance to Foreign Orgs/Individuals | $8,655,258 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,215,958 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,402,497 |
| Pension plan accruals and contributions | $378,109 |
| Other employee benefits | $674,329 |
| Payroll taxes | $803,034 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $20,189 |
| Fees for services: Accounting | $28,074 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $32,074 |
| Fees for services: Investment Management | $1,631,302 |
| Fees for services: Other | $1,340,553 |
| Advertising and promotion | $883,938 |
| Office expenses | $531,803 |
| Information technology | $672,632 |
| Royalties | $1,150 |
| Occupancy | $434,919 |
| Travel | $30,980 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $484,793 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $184,928 |
| Insurance | $142,517 |
| All other expenses | $0 |
| Total functional expenses | $60,940,735 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,112 |
| Savings and temporary cash investments | $17,909,061 |
| Pledges and grants receivable | $9,202,312 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $136,533 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,056,948 |
| Investments—publicly traded securities | $716,564,119 |
| Investments—other securities | $223,338,464 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $968,665,027 |
| Accounts payable and accrued expenses | $2,269,927 |
| Grants payable | $28,177,149 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $30,447,076 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $938,217,951 |
Grants Awarded
Over the last fiscal year, Harold Grinspoon Foundation has awarded $8,548,059 in support to 206 organizations.
| Grant Recipient | Amount |
|---|---|
AGUDAH CAMPS INC PURPOSE: JCAMP GRANTS | $83,950 |
AMERICAN FRIENDS OF UNITED JEWISH APPEAL OF GREATER TORONTO INC PURPOSE: JCAMP GRANTS | $25,700 |
AMERICAN JEWISH JOINT DISTRIBUTION COMMITTEE PURPOSE: PJL GRANTS | $50,000 |
APALACHEE FEDERATION OF JEWISH CHARITIES PURPOSE: PJL GRANTS | $9,255 |
BBYO PURPOSE: NATIONAL GRANT | $10,000 |
BIRTHRIGHT ISRAEL FOUNDATION PURPOSE: NATIONAL GRANT | $70,000 |