Avi Chai Foundation
- Assets
- $373.8m
- Revenue
- $17.2m
- Investments
- $316.8m
- Employees
- 0
- Location
- New York, NY
- Founding
- 03/1985
- Data as of
- 12/2022
- EIN
- 13-3252800
Organization Overview
Avi Chai Foundation is located in New York, NY. The organization was established in 1985. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Avi Chai 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 12/2022, Avi Chai Foundation generated $17.2m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 33.6% each year . All expenses for the organization totaled $16.5m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Avi Chai Foundation has awarded 17 individual grants totaling $38,639,687. 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
2022
Describe the Organization's Program Activity:
CHRONICLING THE HISTORY OF THE AVI CHAI FOUNDATION OVER 35 YEARS, EMPHASIZING THE FOUNDATION'S ORIGINS, EVOLUTION, PROGRAMS, ACHIEVEMENTS AND INTERNAL DELIBERATIONS.
FINAL EXPENSES TO CONCLUDE THE AVI CHAI FOUNDATION SCHOOL BUILDING LOAN PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alan Feld Trustee (retired) | 1 | $0 | |
Alissa Fried Chairman | 20 | $11,000 | |
Andre Rosenblatt Trustee | 1 | $0 | |
Arthur W Fried Trustee (deceased) | 30 | $0 | |
Avital Darmon Trustee (retired) | 1 | $22,000 | |
George Rohr Trustee (retired) | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Post Hill Press | 12/30/22 | $102,500 |
Patterson Belknap Webb & Tyler | 12/30/22 | $270,764 |
Wellington Trust Company | 12/30/22 | $78,765 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,498 |
| Dividends & Interest | $3,997,872 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,992,415 |
| Capital Gain Net Income | $8,095,361 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,157,460 |
| Total Revenue | $17,150,245 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $77,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $756,276 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $194,502 |
| Printing and publications | $0 |
| Other expenses | $577,933 |
| Total operating and administrative expenses | $3,946,686 |
| Contributions, gifts, grants paid | $12,540,753 |
| Total expenses and disbursements | $16,487,439 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $401,394 |
| Savings and temporary cash investments | $55,559,374 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $814,528 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $242,565,438 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $208,932 |
| Total assets | $373,827,494 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $850,300 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $698,000 |
| Total liabilities | $1,548,300 |
Grants Awarded
Over the last fiscal year, Avi Chai Foundation has awarded $12,440,753 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
AVI CHAI ISRAEL PURPOSE: GRANT TO SUPPORT JEWISH EDUCATION PROGRAMS IN ISRAEL.THE GRANT AMOUNT HAS BEEN REDUCED BY $100,000 OF WHICH THE GRANTEE DID NOT SPEND OUT OF CORPUS AND THEREFORE THE FOUNDATION HAS NOT INCLUDED AS A QUALIFIED DISTRIBUTION.NAME OR RECIPIENT - AVI CHAI ISRAELGRANT FOR THE USE OF A PROPERTY IN JERUSALEM, TO SUPPORT CHARITABLE AND EDUCATIONAL ACTIVITIES. THE VALUE OF THE USE OF THE PROPERTY FOR 2022 WAS $47,255. | $10,290,453 |
BEIT AVI CHAI PURPOSE: GRANT TO SUPPORT A PROJECT TO PROVIDE WORLDWIDE AUDIENCES WITH THE OPPORTUNITY TO LEARN ABOUT HIDDEN JEWISH TREASURES IN EUROPE THAT WILL ENRICH THEIR APPRECIATION FOR JEWISH HISTORY AND CULTURE. | $500,000 |
PRIZMAH CENTER FOR JEWISH DAY SCHOOLS PURPOSE: GRANT TO ENHANCE JEWISH EDUCATION IN JEWISH DAY SCHOOLS. | $500,000 |
BEIT AVI CHAI PURPOSE: GRANT TO SUPPORT A PROJECT TO PROVIDE WORLDWIDE AUDIENCES WITH THE OPPORTUNITY TO LEARN ABOUT HIDDEN JEWISH TREASURES IN EUROPE THAT WILL ENRICH THEIR APPRECIATION FOR JEWISH HISTORY AND CULTURE. | $500,000 |
BEIT AVI CHAI PURPOSE: GRANT TO SUPPORT AN ONLINE PROGRAM THAT FOCUSES ON INTERWEAVING JEWISH TEXTS WITH EUROPEAN ART AND CULTURE. | $350,300 |
BEIT AVI CHAI PURPOSE: GRANT TO SUPPORT AN ONLINE PROGRAM THAT FOCUSES ON INTERWEAVING JEWISH TEXTS WITH EUROPEAN ART AND CULTURE. | $300,000 |