Martha Holden Jennings Foundation
- Assets
- $86.6m
- Revenue
- $12.5m
- Investments
- $78.0m
- Employees
- 0
- Location
- Cleveland, OH
- Founding
- 07/1964
- Data as of
- 12/2021
- EIN
- 34-0934478
Organization Overview
Martha Holden Jennings Foundation is located in Cleveland, OH. The organization was established in 1964. 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. Martha Holden Jennings 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 12/2021, Martha Holden Jennings Foundation generated $12.5m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 66.8% each year . All expenses for the organization totaled $4.2m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Martha Holden Jennings Foundation has awarded 583 individual grants totaling $9,653,839. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MISSION OF THE MARTHA HOLDEN JENNINGS FOUNDATION IS TWOFOLD:1) TO FOSTER THE DEVELOPMENT OF INDIVIDUAL YOUNG PEOPLE TO THE MAXIMUM POSSIBLE EXTENT IN OHIO'S SECULAR PRIMARY AND SECONDARY SCHOOLS AND2) TO PROVIDE A MEANS FOR GREATER ACCOMPLISHMENT ON THE PART OF OHIO'S TEACHERS BY ENCOURAGING CREATIVITY IN TEACHING AND BRINGING GREATER RECOGNITION TO THE TEACHING PROFESSION.AT THE MARTHA HOLDEN JENNINGS FOUNDATION, WE BELIEVE THE CAPACITY TO FOSTER THE DEVELOPMENT OF OHIO'S STUDENTS IS PRIMARILY BUILT BY THE TEACHING PROFESSION AND PARTNERS THAT ARE COMMITTED TO DEEP LEARNING AND EXCELLENT TEACHING.IT IS OUR AIM TO SUPPORT TEACHERS, SCHOOL LEADERS, AND THEIR PARTNERS IN PROVIDING ENRICHING LEARNING ENVIRONMENTS SO THAT STUDENTS BECOME EMPOWERED TO LEARN AND THINK DEEPLY, ENABLING THEM TO DEVELOP THEIR PASSIONS, DIRECT THEIR LIVES, BECOME RESPONSIBLE AND CONTRIBUTING INDIVIDUALS, AND ACHIEVE SUSTAINED PERSONAL SUCCESS. CONT'D BELOW
IN ORDER TO ACHIEVE OUR MISSION, THE MARTHA HOLDEN JENNINGS FOUNDATION:1) PROVIDES LEADERSHIP AS A THOUGHT PARTNER CONNECTING EDUCATORS, INSTITUTIONS, AND EXPERTS ACROSS DISCIPLINES.2) INVESTS IN GRANT PROJECTS THAT SHOW THOUGHTFUL PLANNING AND THE POTENTIAL FOR LASTING IMPACT ON STUDENTS' GROWTH AND LEARNING.3) RECOGNIZES THE EXCELLENCE OF OHIO'S TEACHERS AND LEADERS WHO HAVE DEMONSTRATED OUTSTANDING WORK.SPECIFICALLY, THE FOUNDATION'S FOUR LARGEST CHARITABLE ACTIVITIES ENCOMPASS:1) RESPONSIVE GRANTMAKING2) PROACTIVE GRANTMAKING3) INFLUENCE AND THOUGHT PARTNERING4) RECOGNIZING EXCELLENCETHE FOUNDATION HAS ADOPTED THE FOLLOWING AS A POLICY WITH RESPECT TO ALL GRANTS:1) A GRANT MUST BE SPENT SOLELY FOR THE PURPOSE FOR WHICH IT WAS MADE.2) A FINAL FINANCIAL REPORT IS REQUIRED FROM THE GRANTEES INDICATING HOW THE FUNDS WERE SPENT.3) A FINAL EDUCATION PROJECT REPORT IS REQUIRED FROM THE GRANTEES DETAILING THE RESULTS ACHIEVED. CONT'D BELOW
GRANTS AND CONTRIBUTIONS DURING THE YEAR 2022 TOTALED $3,534,666GRANTS APPROVED FOR FUTURE PAYMENT IN 2022 TOTALED $50,000
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anne C Juster Chair & President | 10 | $0 | |
John M Gherlein Director | 2 | $0 | |
Debra H Guren Vice President | 2 | $0 | |
George B Milbourn Director | 2 | $0 | |
Jon H Outcalt Treasurer & Director | 2 | $0 | |
Daniel J Keenan Executive Director | 40 | $227,592 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,060,678 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $10,363,194 |
| Capital Gain Net Income | $11,381,720 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $29,838 |
| Total Revenue | $12,453,710 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $212,445 |
| Other employee salaries and wages | $300,810 |
| Pension plans, employee benefits | $141,630 |
| Interest | $0 |
| Taxes | $140,000 |
| Depreciation | $0 |
| Occupancy | $34,311 |
| Travel, conferences, and meetings | $15,638 |
| Printing and publications | $5,072 |
| Other expenses | $171,979 |
| Total operating and administrative expenses | $1,120,767 |
| Contributions, gifts, grants paid | $3,048,519 |
| Total expenses and disbursements | $4,169,286 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,490 |
| Savings and temporary cash investments | $8,623,679 |
| Net Accounts receivable | $0 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $6,241,264 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $86,623,340 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Martha Holden Jennings Foundation has awarded $3,534,666 in support to 193 organizations.
| Grant Recipient | Amount |
|---|---|
AKRON PUBLIC SCHOOLS PURPOSE: G/E 2022 KATIE METCALF - STEM CAPSTONE: IMPLEMENT YOUR DESIGN! | $3,000 |
AKRON PUBLIC SCHOOLS PURPOSE: G/E 2022 SAM APPLEBY - 60883 TOURNAMENT ENGAGEMENT | $2,986 |
AKRON PUBLIC SCHOOLS PURPOSE: D-20-22 MIDDLE SCHOOL INSTRUCTIONAL FRAMEWORK YEAR 4 | $104,109 |
AKRON PUBLIC SCHOOLS PURPOSE: G/E 2022 MATTHEW YORK - AQUAPONICS BIOLOGY AND ENGINEERING | $2,957 |
ANTHONY WAYNE LOCAL SCHOOLS PURPOSE: A-1-22 UNIVERSAL EQUITABLE LITERACY | $15,000 |
AMERICA SCORES CLEVELAND PURPOSE: A-48-22 LITERACY, FITNESS & YOUTH DEVELOPMENT | $15,000 |