P E F Israel Endowment Funds Inc
- Assets
- $176.3m
- Revenue
- $178.8m
- Investments
- $14.8m
- Employees
- 4
- Location
- New York, NY
- Founding
- 09/1938
- Data as of
- 11/2022
- 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 11/2022, 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 11/2022, P E F Israel Endowment Funds Inc generated $178.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $167.2m during the year ending 11/2022. While expenses have increased by 6.6% 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.
Since 2016, P E F Israel Endowment Funds Inc has awarded 44 individual grants totaling $11,984,507. 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 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
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cristina Noble Director Of Operations | 40 | $167,635 | |
Mary Ebner Controller | 40 | $162,442 | |
Eli S Garber Asst. Treasurer/trustee | OfficerTrustee | 0.5 | $0 |
Harvey Brecher Chairman/trustee | OfficerTrustee | 1 | $0 |
Sharon Liberman Mintz Vice President/trustee | OfficerTrustee | 0.5 | $0 |
Geoffrey Stern President/trustee | OfficerTrustee | 25 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Neuberger Berman Bd Llc Investment Management | 11/29/22 | $517,828 |
Gardner Russo & Quinn Llc Investment Management | 11/29/22 | $154,751 |
Goldman Sachs Investment Management | 11/29/22 | $111,200 |
Merrill Lynch Investment Management | 11/29/22 | $250,261 |
Greenfield & Fortuna Llp Auditing Services | 11/29/22 | $143,500 |
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 | $173,250,250 |
| Noncash contributions included in lines 1a–1f | $5,786,390 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $173,250,250 |
| Total Program Service Revenue | $0 |
| Investment income | $2,346,029 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $28,298 |
| Net Gain/Loss on Asset Sales | $3,145,457 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $178,783,628 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $164,791,589 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $504,770 |
| Compensation of current officers, directors, key employees. | $323,053 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $60,933 |
| Payroll taxes | $37,766 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $17,953 |
| Fees for services: Accounting | $145,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,051,724 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $36,055 |
| Information technology | $189,305 |
| Royalties | $0 |
| Occupancy | $165,023 |
| 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 | $3,619 |
| Insurance | $29,006 |
| All other expenses | $1,525 |
| Total functional expenses | $167,223,233 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $21,684,841 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $36,010 |
| Net Land, buildings, and equipment | $5,063 |
| Investments—publicly traded securities | $138,987,144 |
| Investments—other securities | $14,830,047 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $743,136 |
| Total assets | $176,286,241 |
| Accounts payable and accrued expenses | $225,203 |
| Grants payable | $1,815,214 |
| 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 | $2,040,417 |
| Net assets without donor restrictions | $143,431,960 |
| Net assets with donor restrictions | $30,813,864 |
| 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 | $176,286,241 |
Grants Awarded
Over the last fiscal year, P E F Israel Endowment Funds Inc has awarded $707,528 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: GENERAL SUPPORT | $300,000 |
New York, NY PURPOSE: GENERAL SUPPORT | $250,000 |
Washington, DC PURPOSE: GENERAL SUPPORTGENERAL SUPPORT | $92,036 |
New York, NY PURPOSE: GENERAL SUPPORT | $22,214 |
New York, NY PURPOSE: GENERAL SUPPORT | $21,639 |
ORT AMERICA PURPOSE: GENERAL SUPPORT | $21,639 |
Grants Recieved
Over the last fiscal year, we have identified 16 grants that P E F Israel Endowment Funds Inc has recieved totaling $384,530.
| Awarding Organization | Amount |
|---|---|
Joseph And Dorothy Goldberg Trust C/O Ear N Feldman San Diego, CA PURPOSE: SUPPORT | $147,000 |
Sharon Houminer Foundation Wilmington, DE PURPOSE: SCHNEIDER CHILDREN'S HOSPITAL TO SUPPORT THE MICROBIOME PROJECT BEING CONDUCTED UNDER THE GUIDANCE OF PROFESSOR SHAI IZRAELI AT THE HEMATOLOGY -ONCOLOGY DIVISION | $100,000 |
Judy Frisch Cohen Foundation Hewlett, NY PURPOSE: SUPPORT CHARITIES IN ISRAEL | $23,000 |
Denise Frisch Davis Foundation Highland Park, IL PURPOSE: RESIDENTIAL CARE FOR THE DISABLED | $22,500 |
Diane Frisch Cohen Foundation New York, NY PURPOSE: SERVICES FOR THE AGED AND HANDICAPPED | $16,500 |
Shelly And Neil Mitchell Family Foundation Springfield, NJ PURPOSE: GENERAL | $15,000 |
Endowment Analysis
| Beg. Balance | $34,107,157 |
| Earnings | -$1,104,082 |
| Admin Expense | $458,453 |
| Net Contributions | $468,628 |
| Grants | $2,199,385 |
| Ending Balance | $30,813,865 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jewish Communal Fund New York, NY | $2,570,099,815 | $934,013,721 |
Bank Of America Charitable Gift Fund Boston, MA | $2,364,761,741 | $837,703,273 |
The Jewish Federations Of North America Inc New York, NY | $282,120,416 | $264,865,615 |
United Jewish Appeal Federation Of Jewish Philanthropies Of Ny Inc New York, NY | $1,420,472,000 | $239,679,000 |
Combined Jewish Philanthropies Of Greater Boston Inc Boston, MA | $1,695,752,334 | $218,872,687 |
Robin Hood Foundation New York, NY | $351,881,499 | $139,766,138 |
P E F Israel Endowment Funds Inc New York, NY | $176,286,241 | $178,783,628 |
United Way Of New York City New York, NY | $40,512,646 | $61,047,819 |
United Way Of Massachusetts Bay Inc Boston, MA | $61,459,192 | $54,248,060 |
Childrens Rescue Fund Bronx, NY | $24,029,170 | $53,044,030 |
Jewish Federation Of Greater Philadelphia Philadelphia, PA | $424,827,168 | $56,076,653 |
Masonic Charity Foundation Of New Jersey Burlington, NJ | $172,221,934 | $43,314,018 |