P E F Israel Endowment Funds Inc
- Assets
- $184.6m
- Revenue
- $289.5m
- Investments
- $15.9m
- Employees
- 4
- Location
- New York, NY
- Founding
- 09/1938
- Data as of
- 11/2023
- EIN
- 13-6104086
Organization Overview
P E F Israel Endowment Funds Inc is located in New York, NY. The organization was established in 1938. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 11/2023, P E F Israel Endowment Funds Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. P E F Israel Endowment Funds Inc 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 11/2023, P E F Israel Endowment Funds Inc generated $289.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $284.6m during the year ending 11/2023. While expenses have increased by 13.1% per year over the past 8 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.
Since 2016, P E F Israel Endowment Funds Inc has awarded 40 individual grants totaling $9,484,400. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSES OF THIS CORPORATION ARE TO PROVIDE RELIEF FOR, AND TO MINISTER TO THE PHYSICAL WELL-BEING OF NEEDY PERSONS IN ISRAEL; TO SUPPORT AND MAINTAIN PUBLIC HOSPITALS, CLINICS, TO RELIEVE SICKNESS AND DISTRESS, AND TO PREVENT PLAGUE AND DISEASE IN ISRAEL; TO SUPPORT AND MAINTAIN THE HEBREW UNIVERSITY AND OTHER EDUCATIONAL AND RELIGIOUS INSITUTIONS IN THE HOLY LAND AND TO PROMOTE SCIENTIFIC RESEARCH THEREIN. IT SHALL BE WITHIN THE PURPOSE OF THIS CORPORATION TO USE AS MEANS TO THE ABOVE PURPOSES, RESEARCH, PUBLICATION, THE ESTABLISHMENT AND MAINTENANCE OF CHARITABLE, RELIGIOUS AND PUBLIC EDUCATION ACTIVITES, AGENCIES AND INSTITUTIONS AND THE AID OF ANY SUCH ACTIVITIES, AGENCIES AND INSTITUTIONS ALREADY ESTABLISHED.
Describe the Organization's Program Activity:
PEF MAKES HUNDREDS OF GRANTS TO CHARITABLE ORGANIZATIONS FOR SUCH PURPOSES AS: PRIMARY AND SECONDARY EDUCATION, SCIENTIFIC RESEARCH, SPECIAL NEEDS OF WOMEN, CHILDREN, AND FAMILIES IN DISTRESS, DRUG ABUSE, RELIEF FOR HANDICAPPED, ARTS PROMOTION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ernest Bial Trustee | Trustee | 0 | $0 |
Harvey Brecher Chairman/ Trustee | OfficerTrustee | 1 | $0 |
Stephan Brumberg Trustee | Trustee | 0.5 | $0 |
Joseph Ciechanover Trustee | Trustee | 0 | $0 |
Chaim Edelstein Trustee | Trustee | 0 | $0 |
Thomas J Fleisch Vice President/trustee | OfficerTrustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gardner Russo & Quinn Llc Investment Management | 11/29/23 | $100,779 |
Neuberger Berman Bd Llc Investment Management | 11/29/23 | $522,474 |
Greenfield & Fortuna Llp Auditing Services | 11/29/23 | $145,500 |
Merrill Lynch Investment Management | 11/29/23 | $222,192 |
Goldman Sachs Investment Management | 11/29/23 | $112,892 |
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 | $281,443,380 |
| Noncash contributions included in lines 1a–1f | $37,154,365 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $281,443,380 |
| Total Program Service Revenue | $0 |
| Investment income | $3,068,973 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,808 |
| Net Gain/Loss on Asset Sales | $4,939,432 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $289,472,187 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $926,961 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $281,092,775 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $522,570 |
| Compensation of current officers, directors, key employees. | $334,445 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $63,270 |
| Payroll taxes | $43,531 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,695 |
| Fees for services: Accounting | $149,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,064,303 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $52,950 |
| Information technology | $133,262 |
| Royalties | $0 |
| Occupancy | $164,156 |
| Travel | $0 |
| 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 | $1,717 |
| Insurance | $28,926 |
| All other expenses | $1,525 |
| Total functional expenses | $284,561,548 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,605,275 |
| Pledges and grants receivable | $17,898,335 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $37,700 |
| Net Land, buildings, and equipment | $3,346 |
| Investments—publicly traded securities | $139,253,931 |
| Investments—other securities | $15,859,456 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $969,142 |
| Total assets | $184,627,185 |
| Accounts payable and accrued expenses | $254,302 |
| Grants payable | $1,275,500 |
| 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 | $1,529,802 |
| Net assets without donor restrictions | $135,692,852 |
| Net assets with donor restrictions | $47,404,531 |
| 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 | $184,627,185 |
Grants Awarded
Over the last fiscal year, P E F Israel Endowment Funds Inc has awarded $925,261 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
ISRAEL CANCER RESEARCH FUND PURPOSE: GENERAL SUPPORT | $300,000 |
JEWISH NATIONAL FUND PURPOSE: GENERAL SUPPORT | $250,000 |
ORT AMERICA PURPOSE: GENERAL SUPPORT | $11,326 |
AMERICAN SOC OF OVERSEAS RESEARCH DBA AMERICAN SCHOOLS OF ORIENTAL RESEARCH PURPOSE: GENERAL SUPPORT | $160,620 |
AMERICAN SOCIETY FOR TECHNION-ISRAEL INST OF TECHNOLOGY PURPOSE: GENERAL SUPPORT | $28,315 |
NEW ISRAEL FUND PURPOSE: GENERAL SUPPORTGENERAL SUPPORT | $175,000 |