United Jewish Foundation
- Assets
- $674.9m
- Revenue
- $48.0m
- Investments
- $201.0m
- Employees
- 0
- Location
- Bloomfield Hills, MI
- Founding
- 12/1943
- Data as of
- 05/2024
- EIN
- 38-1360585
Organization Overview
United Jewish Foundation is located in Bloomfield Hills, MI. The organization was established in 1943. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. United Jewish 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 05/2024, United Jewish Foundation generated $48.0m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $60.6m during the year ending 05/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, United Jewish Foundation has awarded 2,558 individual grants totaling $460,014,467. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE UNITED JEWISH FOUNDATION SERVES AS CUSTODIAN OF THE DETROIT JEWISH COMMUNITY'S ASSETS. THE FOUNDATION IS COMMITTED TO PRESERVING AND GROWING THE ASSETS TO MEET THE COMMUNITY'S LONG TERM NEEDS.
Describe the Organization's Program Activity:
DISTRIBUTION OF ASSETS TO THE JEWISH FEDERATION'S ANNUAL CAMPAIGN AND TO OTHER QUALIFIED 501(C)(3) ORGANIZATIONS SERVING THE JEWISH AND NON-SECULAR COMMUNITIES LOCALLY AND NATIONALLY
NET COSTS OF AGENCY FACILITIES AND OTHER DIRECT PROGRAM SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Ingber Chief Executive Officer | OfficerTrustee | 20 | $0 |
Michael Berger President | OfficerTrustee | 0.5 | $0 |
Dennis Bernard Director | Trustee | 0.5 | $0 |
Eric Bronstein Director | Trustee | 0.5 | $0 |
Terri Chapman Treasurer | OfficerTrustee | 0.5 | $0 |
Scott Eisenberg Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
First Choice Bulding & Maintenance Construction Services | 5/30/24 | $1,661,898 |
Jewish Community Security Inc Security Services | 5/30/24 | $690,542 |
Newmark Grubb Knight Frank Real Estate Management | 5/30/24 | $494,029 |
Mercer Investments Llc Investment Consulting | 5/30/24 | $525,265 |
Fiduciary Technology Partners Endowment Software Services | 5/30/24 | $197,516 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $21,604,486 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,617,860 |
| Noncash contributions included in lines 1a–1f | $16,786,405 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $35,222,346 |
| Total Program Service Revenue | $0 |
| Investment income | $8,608,339 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$108,570 |
| Net Gain/Loss on Asset Sales | $3,581,687 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $48,018,429 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $47,155,970 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| 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 | $2,364,908 |
| Fees for services: Legal | $75,471 |
| Fees for services: Accounting | $66,833 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,080,956 |
| Fees for services: Other | $0 |
| Advertising and promotion | $589,292 |
| 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 | $36,540 |
| Interest | $181 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,682,599 |
| Insurance | $343,665 |
| All other expenses | -$148,687 |
| Total functional expenses | $60,551,798 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $69,327,055 |
| Pledges and grants receivable | $20,187,882 |
| Accounts receivable, net | $8,184,821 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,852,763 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,042,952 |
| Net Land, buildings, and equipment | $46,272,990 |
| Investments—publicly traded securities | $311,877,872 |
| Investments—other securities | $201,047,348 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,112,543 |
| Total assets | $674,906,226 |
| Accounts payable and accrued expenses | $1,564,268 |
| Grants payable | $701,808 |
| 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 | $124,795,404 |
| Total liabilities | $127,061,480 |
| Net assets without donor restrictions | $230,608,332 |
| Net assets with donor restrictions | $317,236,414 |
| 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 | $674,906,226 |
Grants Awarded
Over the last fiscal year, United Jewish Foundation has awarded $44,241,062 in support to 280 organizations.
| Grant Recipient | Amount |
|---|---|
ACHOSEINU PURPOSE: TO SUPPORT JEWISH COMMUNITY | $30,000 |
ADAT SHALOM SYNAGOGUE PURPOSE: TO SUPPORT CONSERVATIVE JUDAISM | $81,243 |
AISH HATORAH PURPOSE: TO SUPPORT JEWISH EDUCATION | $82,146 |
ALEPH HOUSE PURPOSE: TO SUPPORT JUDIASM | $9,500 |
ALLEY CAT ALLIES INC PURPOSE: TO SUPPORT ANIMAL WELFARE | $33,333 |
ALUMNI ASSOCIATION OF THE UNIVERSITY OF MICHIGAN PURPOSE: TO SUPPORT EDUCATION | $35,860 |