Jay And Jeanie Schottenstein Foundation
- Assets
- $10.1m
- Revenue
- $13.4m
- Investments
- $8.4m
- Employees
- 0
- Location
- Columbus, OH
- Founding
- 02/1985
- Data as of
- 12/2022
- EIN
- 31-1111955
Organization Overview
Jay And Jeanie Schottenstein Foundation is located in Columbus, OH. The organization was established in 1985. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jay And Jeanie Schottenstein 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, Jay And Jeanie Schottenstein Foundation generated $13.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (19.3%) each year. All expenses for the organization totaled $16.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Jay And Jeanie Schottenstein Foundation has awarded 306 individual grants totaling $62,406,148. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jay Schottenstein President | 1 | $0 | |
Jean Schottenstein Secretary & Treasurer | 0 | $0 | |
Jeffrey Schottenstein Vice President | 0 | $0 | |
Jonathan Schottenstein Vice President | 0 | $0 | |
Joseph Schottenstein Vice President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $13,075,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $267,963 |
| Net Rental Income | $10,154 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $13,356,737 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $210,582 |
| Depreciation | $28,763 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | -$1,256 |
| Total operating and administrative expenses | $263,089 |
| Contributions, gifts, grants paid | $15,888,940 |
| Total expenses and disbursements | $16,152,029 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,156 |
| Savings and temporary cash investments | $174,969 |
| Net Accounts receivable | $5,500 |
| 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 | $6,650 |
| Net Investments - land, buildings, equipment | $1,347,537 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $34,805 |
| Total assets | $10,058,354 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $14,531,834 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $14,531,834 |
Grants Awarded
Over the last fiscal year, Jay And Jeanie Schottenstein Foundation has awarded $15,888,940 in support to 69 organizations.
| Grant Recipient | Amount |
|---|---|
AGUDATH ISRAEL OF AMERICA INC PURPOSE: RELIGIOUS | $400,000 |
AMERICAN FRIENDS OF BARUCH FEIGA UMARPEH INC PURPOSE: COMMUNITY | $1,000 |
AMERICAN FRIENDS OF BNAI LEVY FOUNDATION PURPOSE: COMMUNITY | $54,000 |
AMERICAN FRIENDS OF CHASDEI YOSEPH PURPOSE: RELIGIOUS | $159,000 |
AMERICAN FRIENDS OF ISH EL RAYAHU PURPOSE: RELIGIOUS | $5,000 |
AMERICAN FRIENDS OF JCC PURPOSE: COMMUNITY | $1,800 |