Foundation For The Charlotte Jewish Community

Organization Overview

Foundation For The Charlotte Jewish Community is located in Charlotte, NC. The organization was established in 1997. According to its NTEE Classification (X12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For The Charlotte Jewish Community 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 12/2021, Foundation For The Charlotte Jewish Community generated $25.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.3% each year . All expenses for the organization totaled $10.7m during the year ending 12/2021. While expenses have increased by 5.4% 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 2019, Foundation For The Charlotte Jewish Community has awarded 163 individual grants totaling $28,363,145. 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE ADMINISTRATION AND MAINTENANCE OF EXISTING ENDOWMENTS TO SUPPORT THE FUTURE OF CHARLOTTE'S JEWISH COMMUNITY AND ASSISTANCE IN THE DEVELOPMENT OF NEW ENDOWMENT OPPORTUNITIES.

Describe the Organization's Program Activity:

EDUCATION: DISBURSED GRANTS IN SUPPORT OF EDUCATIONAL INSTITUTIONS AND INTIATIVES.


RELIGION: DISBURSED GRANTS TO ORGANIZATIONS DEDICATED TO SUPPORTING THE JEWISH COMMUNITY AND FURTHERING THE QUALITY OF JEWISH LIFE IN THE CHARLOTTE REGION.


HEALTH CARE: DISBURSED GRANTS IN SUPPORT OF HEALTH CARE INSTITUTIONS AND INITIATIVES.


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Board, Officers & Key Employees

Name (title)Compensation
David Cantor
Treasurer
$0
Ira Slomka
Vice Chair
$0
Michael Marsicano
Vice President
$0
Holly Levinson
Secretary
$0
Fred Dumas
Immediate Past Chair
$0
Stephen Philipson
Chair
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$1,545,547
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$20,838,051
Noncash contributions included in lines 1a–1f $2,621,913
Total Revenue from Contributions, Gifts, Grants & Similar$22,383,598
Total Program Service Revenue$743,674
Investment income $411,582
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $2,124,366
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $25,663,220

Grants Awarded

Over the last fiscal year, Foundation For The Charlotte Jewish Community has awarded $7,076,558 in support to 62 organizations.

Grant RecipientAmount

QUEENS UNIVERSITY OF CHARLOTTE

Org PageRecipient Profile

Charlotte, NC

PURPOSE: CHARITABLE GIFT

$823,472

ATRIUM HEALTH FOUNDATION

Org PageRecipient Profile

Charlotte, NC

PURPOSE: CHARITABLE GIFT

$821,000

JEWISH FEDERATION OF GREATER CHARLOTTE

Org PageRecipient Profile

Charlotte, NC

PURPOSE: CHARITABLE GIFT

$797,380

CHARLOTTE RESCUE MISSION

Org PageRecipient Profile

Charlotte, NC

PURPOSE: CHARITABLE GIFT

$500,000

APPALACHIAN STATE UNIVERSITY FOUNDATION INC

Org PageRecipient Profile

Boone, NC

PURPOSE: CHARITABLE GIFT

$500,000

SANDRA AND LEON LEVINE JEWISH COMMUNITY CENTER

Org PageRecipient Profile

Charlotte, NC

PURPOSE: CHARITABLE GIFT

$465,280
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Foundation For The Charlotte Jewish Community has recieved totaling $1,013,525.

Awarding OrganizationAmount
Todd And Stacy Gorelick Foundation

Charlotte, NC

PURPOSE: TO PROVIDE SUPPORT FOR THE JEWISH COMMUNITY AND STRENGTHEN THE QUALITY OF JEWISH RELIGION, LIFE, AND CULTURE

$1,013,225
$300
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$41,623,223
Earnings$5,336,079
Admin Expense$388,676
Net Contributions$2,010,741
Other Expense$2,415
Grants$1,379,840
Ending Balance$47,199,112

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