Jewish Communal Fund
- Assets
- $2.9b
- Revenue
- $1.0b
- Investments
- $678.9m
- Employees
- 22
- Location
- New York, NY
- Founding
- 04/1972
- Data as of
- 06/2023
- EIN
- 23-7174183
Organization Overview
Jewish Communal Fund is located in New York, NY. The organization was established in 1972. 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 06/2023, Jewish Communal Fund employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jewish Communal Fund 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 06/2023, Jewish Communal Fund generated $1.0b in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $924.5m during the year ending 06/2023. While expenses have increased by 11.4% 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 2015, Jewish Communal Fund has awarded 33,164 individual grants totaling $4,306,948,204. 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
TO FACILITATE AND PROMOTE PHILANTHROPY THROUGH DONOR ADVISED FUNDS.
Describe the Organization's Program Activity:
JCF'S PRIMARY RESPONSIBILITY IS TO SERVE DONORS WHO HAVE ENTRUSTED IT WITH THEIR CHARITABLE DOLLARS. JCF TAKES THIS RESPONSIBILITY VERY SERIOUSLY AND IS COMMITTED TO TREATING ITS DONORS WITH THE UTMOST INTEGRITY AND RESPECT. JCF HANDLES ALL THE ADMINISTRATIVE RESPONSIBILITIES FOR EACH DONOR-ADVISED FUND AND PROVIDES DONORS WITH REGULAR REPORTS ON CONTRIBUTIONS, GRANTS, INVESTMENT INCOME, FUND BALANCE AND ALL OTHER ACTIVITY RELATED TO THE FUND. SEE SCHEDULE O FOR CONTINUATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy A B Bressman Trustee | Trustee | 2 | $0 |
Lee M Cohen Treasurer | OfficerTrustee | 2 | $0 |
Paul Corwin Trustee Through 3/23 | Trustee | 2 | $0 |
Suzie Davidowitz Trustee | Trustee | 2 | $0 |
Martine Fleishman Trustee | Trustee | 2 | $0 |
Cliff Greenberg Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sycamore Partners Investment Manager | 6/29/23 | $2,262,415 |
Adage Investment Manager | 6/29/23 | $1,370,692 |
Quantum Energy Partners Investment Manager | 6/29/23 | $1,428,517 |
Providence Equity Investment Manager | 6/29/23 | $768,333 |
Renaissance Acquisition Company Llc Previous Donor Portal Support | 6/29/23 | $417,742 |
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 | $934,491,554 |
| Noncash contributions included in lines 1a–1f | $280,315,063 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $934,491,554 |
| Total Program Service Revenue | $0 |
| Investment income | $40,542,175 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $65,138,263 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,039,371,142 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $860,706,257 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $46,913,913 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,968,222 |
| Compensation of current officers, directors, key employees. | $1,059,287 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,795,311 |
| Pension plan accruals and contributions | $149,850 |
| Other employee benefits | $536,519 |
| Payroll taxes | $435,894 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $401,536 |
| Fees for services: Accounting | $153,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,364,192 |
| Fees for services: Other | $374,837 |
| Advertising and promotion | $396,655 |
| Office expenses | $76,768 |
| Information technology | $591,338 |
| Royalties | $0 |
| Occupancy | $601,006 |
| Travel | $43,138 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $51,947 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $118,582 |
| Insurance | $122,542 |
| All other expenses | $0 |
| Total functional expenses | $924,481,605 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $111,480,270 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,080,610,797 |
| Investments—other securities | $678,882,600 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $29,570,837 |
| Total assets | $2,900,544,504 |
| Accounts payable and accrued expenses | $1,197,609 |
| Grants payable | $89,747,446 |
| 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 | $68,703,466 |
| Total liabilities | $159,648,521 |
| Net assets without donor restrictions | $2,740,895,983 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $2,900,544,504 |
Grants Awarded
Over the last fiscal year, Jewish Communal Fund has awarded $850,796,523 in support to 4,340 organizations.
| Grant Recipient | Amount |
|---|---|
100 PEOPLE FOUNDATION INC PURPOSE: IN FURTHERANCE OF GRANTEE'S TAX-EXEMPT PURPOSE | $25,000 |
180 TURNING LIVES AROUND INC PURPOSE: IN FURTHERANCE OF GRANTEE'S TAX-EXEMPT PURPOSE | $20,000 |
18 CORP DBA AHAVAT TORAH OF SHORT HILLS PURPOSE: IN FURTHERANCE OF GRANTEE'S TAX-EXEMPT PURPOSE | $154,720 |
350ORG PURPOSE: IN FURTHERANCE OF GRANTEE'S TAX-EXEMPT PURPOSE | $12,000 |
1898 FOUNDATION INC PURPOSE: IN FURTHERANCE OF GRANTEE'S TAX-EXEMPT PURPOSE | $32,000 |
4G44 ESPORTS INC PURPOSE: IN FURTHERANCE OF GRANTEE'S TAX-EXEMPT PURPOSE | $277,000 |