Jewish Fund Inc
- Assets
- $68.1m
- Revenue
- $3.3m
- Investments
- $28.0m
- Employees
- 0
- Location
- Bloomfield Hills, MI
- Founding
- 01/1997
- Data as of
- 05/2021
- EIN
- 38-3323875
Organization Overview
Jewish Fund Inc is located in Bloomfield Hills, MI. The organization was established in 1997. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, 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. Jewish Fund Inc 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 05/2021, Jewish Fund Inc generated $3.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $2.9m during the year ending 05/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Jewish Fund Inc has awarded 346 individual grants totaling $23,313,903. 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 SUPPORT THE HEALTH CARE NEEDS OF THE JEWISH COMMUNITY AND THE BROADER DETROIT COMMUNITY. TO FURTHER POSITIVE RELATIONS BETWEEN THE JEWISH COMMUNITY AND THE CITY OF DETROIT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTION OF FUNDS TO QUALIFIED 501(C)(3) ORGANIZATIONS IN SUPPORT OF THE JEWISH FUND'S MISSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dorothy Benyas Secretary / Treasurer | OfficerTrustee | 2 | $0 |
Michael Eizelman Chair | OfficerTrustee | 0.5 | $0 |
Jeff Schlussel Vice Chair | OfficerTrustee | 0.5 | $0 |
Margo Pernick Executive Director | Officer | 35.9 | $0 |
Peter Alter Board Member | Trustee | 0.5 | $0 |
Michael Berger Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,923 |
| Investment income | $1,705,748 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,558,308 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,265,979 |
| Statement of Expenses | |
|---|---|
| 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 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 | $340,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $100,557 |
| Fees for services: Other | $22,252 |
| Advertising and promotion | $105 |
| Office expenses | $987 |
| 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 | $5,443 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,120 |
| All other expenses | $0 |
| Total functional expenses | $2,893,689 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,846,952 |
| 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 | $2,820 |
| Investments—publicly traded securities | $38,239,759 |
| Investments—other securities | $28,018,542 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $68,108,073 |
| Accounts payable and accrued expenses | $36,890 |
| Grants payable | $844,112 |
| 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 | $881,002 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $67,227,071 |
Grants Awarded
Over the last fiscal year, Jewish Fund Inc has awarded $2,393,264 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
West Bloomfield, MI PURPOSE: SOCIAL SERVICES FOR THE COMMUNITY | $723,435 |
Detroit, MI PURPOSE: SUPPORTING INTERFAITH AND INTERRACIAL RELATIONS | $400,000 |
Southfield, MI PURPOSE: CARING FOR THE COMMUNITY WITH MENTAL ILLNESS | $283,000 |
Southfield, MI PURPOSE: SUPPORTING STUDENTS WITH LEARNING AND MENTAL HEALTH CHALLENGES | $195,000 |
Bloomfield Hills, MI PURPOSE: IMPROVING EFFICIENCY OF CARE FOR DISABLED CLIENTS | $100,000 |
Bloomfield Hills, MI PURPOSE: COVID-19 EMERGENCY CAMPAIGN AND OTHER SOCIAL SERVICES | $85,935 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Jewish Fund Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Tepper Family Foundation Denver, CO PURPOSE: GENERAL FUND | $5,000 |
Endowment Analysis
| Beg. Balance | $67,227,071 |
| Earnings | -$1,972,137 |
| Admin Expense | $425,407 |
| Other Expense | $59,813 |
| Grants | $2,410,397 |
| Ending Balance | $62,359,317 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sojourner Foundation Inc Milwaukee, WI | $5,493,853 | $4,205,530 |
Siemer Institute Columbus, OH | $21,924,276 | $13,963,015 |
David And Inez Myers Foundation Cleveland, OH | $231,370,323 | $1,575,245 |
Block 3 Community Urban Redevelopment Corporation Cincinnati, OH | $43,753,173 | $7,948,144 |
Sally And John Morley Family Fund Cleveland, OH | $0 | $0 |
Foundation For The Uptown Reinvestment Corporation Flint, MI | $1,872,223 | $6,455,012 |
Dayton Foundation Plus Inc Dayton, OH | $83,505,101 | $9,971,050 |
Jcgf Charitable Tr Cincinnati, OH | $1,841,285 | $5,857,978 |
West Bend Community Foundation Inc Milwaukee, WI | $79,149,428 | $10,575,689 |
Arthur Dean Family Foundation Inc Fishers, IN | $75,273,545 | $2,866,490 |
Barberton Community Foundation Barberton, OH | $94,839,869 | $20,499,069 |
Star House Foundation Columbus, OH | $3,945,467 | $4,249,325 |