Harold Grinspoon Foundation
- Assets
- $968.7m
- Revenue
- $58.2m
- Investments
- $223.3m
- Employees
- 124
- 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 06/2021, Harold Grinspoon Foundation employed 124 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 6 years, the organization has seen revenues fall by an average of (13.3%) 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 1,430 individual grants totaling $70,659,194. 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
990T
Mission & Program ActivityExcerpts From the 990T 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:
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 170,745 FAMILIES IN 187 COMMUNITIES IN THE US AND CANADA, AND THOUSANDS OF OTHER FAMILIES AROUND THE WORLD. PJ LIBRARY AWARDED OVER 250 GRANTS TO PARTNERING ORGANIZATIONS IN THE U.S. AND CANADA AND OVER 1,100 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 |
|---|---|---|---|
Adrian Dion Chief Operating Officer | Officer | 39 | $270,720 |
Eric Jordan Chief Information Officer | Officer | 40 | $262,965 |
Tamar Remz Chief Partnership Officer | Officer | 40 | $250,031 |
Alexander Zablotsky Managing Director Of Pj Library | Officer | 40 | $193,512 |
Arlene Schiff Director Life & Legacy | 36 | $179,423 | |
Patrick Geryk Chief Financial Officer | Officer | 40 | $177,754 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Brenda D Wishart Personnel Recruiting | 6/29/21 | $139,900 |
4sight Partners Consulting | 6/29/21 | $101,932 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $32,847,111 |
| Noncash contributions included in lines 1a–1f | $19,261,940 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $32,847,111 |
| Total Program Service Revenue | $6,185,099 |
| 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 organizations and domestic governments. | $24,858,277 |
| 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 of current officers, directors, key employees. | $181,539 |
| 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 | $116,595 |
| 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 |
| Net Land, buildings, and equipment | $450,478 |
| 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 | $848,369,940 |
| Net assets with donor restrictions | $89,848,011 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $968,665,027 |
Grants Awarded
Over the last fiscal year, Harold Grinspoon Foundation has awarded $22,843,811 in support to 196 organizations.
| Grant Recipient | Amount |
|---|---|
Scottsdale, AZ PURPOSE: PJL ENDOWMENT GRANT AND PJL GRANTS | $2,041,200 |
New York, NY PURPOSE: WESTERN MA PROGRAM GRANTS, PJL GRANTS, JCAMP GRANTS | $1,687,862 |
Houston, TX PURPOSE: PJL ENDOWMENT GRANT AND PJL GRANTS | $1,664,832 |
Irvine, CA PURPOSE: PJL ENDOWMENT GRANT AND PJL GRANTS | $1,649,794 |
West Bloomfield, MI PURPOSE: PJL ENDOWMENT GRANT AND PJL GRANTS | $1,490,228 |
Boca Raton, FL PURPOSE: PJL ENDOWMENT GRANT AND PJL GRANTS | $1,464,112 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Harold Grinspoon Foundation has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Jess And Sheila Schwartz Family Foundation Phoenix, AZ PURPOSE: TO SUPPORT PJ LIBRARY | $5,000 |
Endowment Analysis
| Beg. Balance | $3,632,394 |
| Earnings | $465,663 |
| Other Expense | $35,235 |
| Grants | $161,885 |
| Ending Balance | $3,900,937 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Luesther T Mertz Charitable Tr New York, NY | $5,999,424 | $2,179,114 |
Harold Grinspoon Foundation Agawam, MA | $968,665,027 | $58,159,410 |
Jader Trust 4 New York, NY | $1,054,851,689 | $157,383,970 |
Rockefeller Family Fund Inc New York, NY | $156,631,848 | $43,772,368 |
Shapiro-Silverberg Foundation New York, NY | $41,665,129 | $24,069,378 |
Hess Philanthropic Fund New York, NY | $231,447,732 | $32,591,174 |
Natural Heritage Trust Albany, NY | $68,314,961 | $23,861,363 |
Hollow Metal Trust Fund New York, NY | $38,290,021 | $12,661,866 |
Halvorsen Family Foundation Greenwich, CT | $235,306,066 | $4,015,208 |
Lynch Foundation Boston, MA | $176,006,196 | $42,142,694 |
Foundation Berma New York, NY | $320,553,699 | $33,382,644 |
Bam Endowment Trust Brooklyn, NY | $106,959,115 | $5,566,840 |