Central Fund Of Israel is located in Cedarhurst, NY. The organization was established in 1979. According to its NTEE Classification (Q12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Central Fund Of Israel 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 01/2022, Central Fund Of Israel generated $55.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $55.2m during the year ending 01/2022. While expenses have increased by 13.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTING CHARITABLE ACTIVITIES IN ISRAEL
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY PROJECTS:THE ORGANIZATION UNDERTAKES COMMUNITY PROJECTS WHICH BENEFIT THE WELFARE OF THE CITIZENS AND THE LAND OF ISRAEL. DURING THIS PAST YEAR WE WITNESSED ANOTHER SIGNIFICANT INCREASE IN ANTI-SEMITISM IN ALL ITS FORMS. THE THREATS TO THE NATION OF ISRAEL, THE LAND OF ISRAEL, THE PEOPLE OF ISRAEL AND THE SUPPORTERS OF ISRAEL ALL AROUND THE WORLD CONTINUES TO RISE DAILY. ALL MEDIA, BUT PARTICULARLY SOCIAL MEDIA CONTINUES TO SEE AN EXPLOSION OF CLASSICAL ANTI-SEMITISM AND MANY NEW MODERN FORMS OF HATRED. VOICES OF DEMONSTRATIONS, BOYCOTTS, DIVESTMENT, AND EVEN TOTAL DESTRUCTION OF THE STATE AND ITS PEOPLE ARE HEARD IN CLASSROOMS, UNIVERSITY CAMPUSES, NEWSPAPERS, PARLIMENTS ALL OVER THE WORLD AND I'M SORRY TO SAY EVEN IN THE HALLS OF CONGRESS OF OUR MAJESTIC COUNTRY. THE ENEMIES OF THE JEWISH NATION CONSTANTLY SEARCH FOR NEW WAYS TO HARM US. THERE ARE MANY WHO HAVE NOT GIVEN UP ON THEIR DREAM TO DESTROY US PHYSICALLY. THE VENOM HEARD THROUGHOUT IS REMINISCENT OF THE 1930'S AND ITS DISASTROUS CONSEQUENCES TO HUMANITY. CFI CONTINUES SUPPORTING THOSE CHARITIES WHICH ARE COMBATING ANTI-SEMITISM, THE BDS MOVEMENT AND THREATS OF ANNIHILATION OF THE JEWISH PEOPLE.OUR COMMUNITY PROJECTS ARE MEANT TO INCREASE PUBLIC AWARENESS TO THE REALITIES OF ANTI-SEMITISM AND COMBAT IT WHEREVER IT IS FOUND; WHETHER THROUGH USE OF THE LEGAL SYSTEM OR SOCIAL MEDIA. WE NEED TO EDUCATE THE WORLD OF THE EVIL AFFECTS OF ANTI-SEMITISM. NOT EVEN 100 YEARS REMOVED FROM THE HOLOCAUST, WE SEE HISTORY REPEATING ITSELF. OUR GRANTS ALSO GO TO ASSIST IN THE CONSTRUCION AND MAINTENANCE OF COMMUNITY FACILITIES THROUGHOUT ISRAEL.
SOCIAL SERVICES, HUMANITARIAN AID, AID TO THE POOR:HELPING THOSE IN NEED IS AT THE CORE OF THE ORGANIZATION. CHARITY MEANS HELPING THOSE IN NEED WHETHER IT BE IN EDUCATION, BUILDING STRUCTURES, SECURITY OR MEDICINE. OUR HUMANITARIAN AID IS TARGETED TO THOSE PEOPLE IN NEED, WHETHER IT BE MONETARY, PHYSICAL OR EMOTIONAL. THIS CATEGORY INCLUDES AID TO FOOD KITCHENS, CHILDREN AT RISK, AID TO TERROR VICTIMS AND THEIR FAMILIES, AID TO REFUGEES AND NEW IMMIGRANTS, SPECIAL EDUCATION, AFTER SCHOOL PROGRAMS, WOMENS HEALTH PROGRAMS ETC.
SUPPORT OF EDUCATIONAL PROGRAMS AND INSTITUTIONS: AS IN THE PAST, THERE IS A GREAT OVERLAP OF HUMANITARIAN SERVICES AS MANY EDUCATIONAL PROGRAMS SERVICE THE HUMANITARIAN ASPECTS OF EDUCATION AS IN SCHOLARSHIPS AND SPECIAL EDUCATION. THERE IS ALSO AN OVERLAP WITH COMMUNITY PROJECTS AS THERE IS A CONSTANT NEED TO EXPAND EXISTING, AND BUILD NEW SCHOOLS AS THE POPULATION INCREASES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jay Marcus President | OfficerTrustee | 40 | $95,000 |
Jeff Most Treasurer | OfficerTrustee | 1.5 | $0 |
Dr Linda Kalish Marcus Secretary | OfficerTrustee | 18 | $0 |
Mitchell Eichen Director | Trustee | 0.1 | $0 |
Jacob Weichholz Director | Trustee | 0.1 | $0 |
Yehuda Marcus Director | Trustee | 0.1 | $0 |
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 | $55,221,168 |
Noncash contributions included in lines 1a–1f | $522,597 |
Total Revenue from Contributions, Gifts, Grants & Similar | $55,221,168 |
Total Program Service Revenue | $0 |
Investment income | $233,813 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $55,454,981 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $651,180 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $54,392,497 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $95,000 |
Compensation of current officers, directors, key employees. | $95,000 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $4,738 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $5,559 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $5,297 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $55,173,972 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $5,423,088 |
Savings and temporary cash investments | $11,576,883 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $95,813 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $8,766,075 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $25,861,859 |
Accounts payable and accrued expenses | $0 |
Grants payable | $0 |
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 | $0 |
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 |
Retained earnings, endowment, accumulated income, or other funds | $25,861,859 |
Total liabilities and net assets/fund balances | $25,861,859 |
Over the last fiscal year, Central Fund Of Israel has awarded $650,000 in support to 3 organizations.
Grant Recipient | Amount |
---|---|
Bal Harbour, FL | | $250,000 |
Bozeman, MT | | $200,000 |
ZIONIST ORGANIZATION AMERICA | | | $200,000 |
Over the last fiscal year, we have identified 6 grants that Central Fund Of Israel has recieved totaling $95,750.
Awarding Organization | Amount |
---|---|
Ann And Robert Fromer Charitable Foundation Inc Palm Beach, FL PURPOSE: GENERAL | $40,000 |
Great Pacific Foundation PURPOSE: PUBLIC CHARITY | | $25,000 |
Katz Family Foundation Inc Milwaukee, WI PURPOSE: GENERAL SUPPORT | $20,000 |
Abraham And Sally Magid Family Foundation Garden City, NY PURPOSE: UNRESTRICTED CONTRIBUTION | $7,500 |
The Edwin J And Barbara R Berkowitz Family Foundation Bryn Mawr, PA PURPOSE: GENERAL PURPOSE | $3,000 |
Bernard A Lublin And Roberta G Lublin Tr 02152002 Richmond, VA PURPOSE: GENERAL CHARITY | $250 |
Organization Name | Assets | Revenue |
---|---|---|
Friends Of The Israel Defense Forces New York, NY | $197,064,966 | $87,861,352 |
Central Fund Of Israel Cedarhurst, NY | $25,861,859 | $55,454,981 |
Morasha Olami Inc Lakewood, NJ | $9,487,036 | $39,914,838 |
American Friends Of Yeshiva Dmir Inc Brooklyn, NY | $9,703,912 | $39,700,022 |
Acumen Fund Inc New York, NY | $151,257,086 | $30,454,797 |
Armenian General Benevolent Union New York, NY | $296,944,132 | $43,918,491 |
Root Capital Inc Cambridge, MA | $84,001,332 | $21,396,934 |
Jerusalem Foundation Inc New York, NY | $41,082,907 | $16,301,645 |
American Society Of The University Of Haifa New York, NY | $7,655,758 | $11,239,823 |
Tibet Fund New York, NY | $8,176,885 | $9,507,647 |
Friends Of Ir David Inc New York, NY | $1,931,131 | $8,657,861 |
Yeshivas Chasidei Belz-Belz Institutions In Israel Brooklyn, NY | $1,824,863 | $9,693,412 |