Jewish Communal Fund
- Assets
- $2.6b
- Revenue
- $934.0m
- Investments
- $629.7m
- Employees
- 16
- Location
- New York, NY
- Founding
- 04/1972
- Data as of
- 06/2022
- 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 06/2022, Jewish Communal Fund employed 16 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 06/2022, Jewish Communal Fund generated $934.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $610.2m during the year ending 06/2022. 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 2015, Jewish Communal Fund has awarded 36,544 individual grants totaling $4,451,014,466. 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
TO FACILITATE AND PROMOTE PHILANTHROPY THROUGH DONOR ADVISED FUNDS.
Describe the Organization's Program Activity:
SEE SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan F Dickman Exec VP & CEO Thru 6/30/22 | Officer | 35 | $688,081 |
Beth Wohlgelernter Senior Vice President & COO | Officer | 35 | $386,743 |
Ellen Smith Israelson Vp, Philanthropic Svc, & Cmo | Officer | 35 | $273,993 |
Saul Wadowski Vice President / Controller | Officer | 35 | $226,148 |
Melanie Marchfeld VP Grants Administration | Officer | 35 | $205,940 |
Michelle Lebowits Sr Dir, Busin Dev & Client Svc | 35 | $202,078 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Quantum Energy Partners Investment Manager | 6/29/22 | $1,897,953 |
Sycamore Partners Investment Manager | 6/29/22 | $1,850,503 |
Adage Investment Manager | 6/29/22 | $1,474,621 |
Providence Equity Investment Manager | 6/29/22 | $771,244 |
Eagle Capital Management Llc Investment Manager | 6/29/22 | $458,911 |
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 | $862,536,382 |
| Noncash contributions included in lines 1a–1f | $415,424,520 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $862,536,382 |
| Total Program Service Revenue | $0 |
| Investment income | $23,740,935 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $46,243,334 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $934,013,721 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $566,876,408 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $26,173,041 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,611,791 |
| Compensation of current officers, directors, key employees. | $1,357,407 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,508,253 |
| Pension plan accruals and contributions | $179,422 |
| Other employee benefits | $475,517 |
| Payroll taxes | $379,891 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $224,907 |
| Fees for services: Accounting | $113,103 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,400,035 |
| Fees for services: Other | $552,799 |
| Advertising and promotion | $393,860 |
| Office expenses | $157,478 |
| Information technology | $772,084 |
| Royalties | $0 |
| Occupancy | $614,801 |
| Travel | $19,396 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $91,836 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $71,424 |
| Insurance | $117,716 |
| All other expenses | $0 |
| Total functional expenses | $610,171,707 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $91,497,785 |
| 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 | $57,929 |
| Investments—publicly traded securities | $1,828,685,938 |
| Investments—other securities | $629,713,034 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $20,145,129 |
| Total assets | $2,570,099,815 |
| Accounts payable and accrued expenses | $2,424,555 |
| 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 | $90,053,450 |
| Total liabilities | $92,478,005 |
| Net assets without donor restrictions | $2,477,621,810 |
| 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 | $2,570,099,815 |
Grants Awarded
Over the last fiscal year, Jewish Communal Fund has awarded $558,068,723 in support to 4,364 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: GENERAL SUPPORT | $36,217,201 |
Baltimore, MD PURPOSE: GENERAL SUPPORT | $26,102,930 |
Boston, MA PURPOSE: GENERAL SUPPORT | $8,590,895 |
Saratoga Springs, NY PURPOSE: GENERAL SUPPORT | $7,513,600 |
Cambridge, MA PURPOSE: GENERAL SUPPORT | $6,849,304 |
Washington, CT PURPOSE: GENERAL SUPPORT | $6,235,600 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Jewish Communal Fund has recieved totaling $12,500.
| Awarding Organization | Amount |
|---|---|
Abraham And Sally Magid Family Foundation Garden City, NY PURPOSE: UNRESTRICTED CONTRIBUTION | $12,500 |
Endowment Analysis
| Beg. Balance | $24,112,683 |
| Earnings | -$3,293,551 |
| Grants | $1,386,928 |
| Ending Balance | $19,432,204 |
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 |