Jones Day Foundation
- Assets
- $28.5m
- Revenue
- $10.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Cleveland, OH
- Founding
- 03/1988
- Data as of
- 12/2021
- EIN
- 34-1570455
Organization Overview
Jones Day Foundation is located in Cleveland, OH. The organization was established in 1988. 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. Jones Day 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, Jones Day Foundation generated $10.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.3% each year . All expenses for the organization totaled $7.7m during the year ending 12/2021. While expenses have increased by 19.0% 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 2020, Jones Day Foundation has awarded 38 individual grants totaling $12,051,540. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO MAKE CONTRIBUTIONS TO SELECTED CHARITABLE ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE CONTRIBUTED TO THE NUS AMERICA FOUNDATION INC. FOR USE IN ENDOWING (A) A VISITING PROFESSORSHIP ON THE RULE OF LAW IN ASIA AND (B) A VISITING PROFESSORSHIP ON COMPARATIVE COMMERCIAL LAW.
WE CONTRIBUTED TO THE AMERICAN INDIA FOUNDATION TO SUPPORT A VACCINATION PROGRAM AIMED AT SECURING COVID-19 VACCINES FOR UNDERSERVED, RURAL AND MARGINALIZED POPULATIONS IN INDIA.
WE CONTRIBUTED TO THE CLEVELAND CLINIC FOUNDATION FOR USE IN LAUNCHING A COMMUNITY HEALTH WORKER PILOT PROGRAM FOR A THREE-YEAR PERIOD TO ASSIST PEOPLE WITH NAVIGATING THE SYSTEM OF CARE, AND THEREBY IMPROVING HEALTH OUTCOMES AND REDUCING COST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lizanne Thomas President/trustee | OfficerTrustee | 0.75 | $0 |
Mary Ellen Powers Vice President/trustee | OfficerTrustee | 0.5 | $0 |
Kim M Mcfarlane Treasurer (effective 3/25/21) | Officer | 0.75 | $0 |
Elena Kaplan Secretary | Officer | 2.5 | $0 |
Paul A Grater Treasurer (through 3/25/21) | Officer | 0.75 | $0 |
Min Chi A Angel Huang Trustee | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
None | 12/30/21 | $0 |
None | 12/30/21 | $0 |
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 | $10,010,385 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,010,385 |
| Total Program Service Revenue | $0 |
| Investment income | $2,294 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,012,679 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,100,702 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $567,181 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $7,669,160 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $28,461,436 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $28,461,436 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $28,441,449 |
| Net assets with donor restrictions | $19,987 |
| 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 | $28,461,436 |
Grants Awarded
Over the last fiscal year, Jones Day Foundation has awarded $7,100,702 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: SEE PART IV | $2,000,000 |
New York, NY PURPOSE: SEE PART IV | $1,000,000 |
Cleveland, OH PURPOSE: SEE PART IV | $1,000,000 |
Staten Island, NY PURPOSE: SEE PART IV | $548,694 |
Marina Del Rey, CA PURPOSE: SEE PART IV | $500,000 |
FRIENDS OF NOTRE-DAME DE PARIS PURPOSE: SEE PART IV | $300,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Douglas & Maria Devos Foundation Grand Rapids, MI | $79,921,409 | $9,501,037 |
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
Fred F Silk Charitable Foundation Louisville, OH | $0 | $2,703,630 |
Jewish Foundation Of Cincinnati Cincinnati, OH | $344,322,004 | $65,111,190 |
Charles F Kettering Foundation Dayton, OH | $413,895,327 | $17,762,033 |
Jay And Jeanie Schottenstein Foundation Columbus, OH | $12,858,446 | $29,259,001 |
Susquehanna Foundation Bala Cynwyd, PA | $640,733,550 | $61,262,452 |
The Lozick Family Foundation Pepper Pike, OH | $264,438,182 | $44,457,050 |
Humana Foundation Inc Louisville, KY | $467,311,073 | $9,744,567 |
Dow Company Foundation Bay City, MI | $175,531,548 | $110,489,699 |