Jay & Blum Charity Foundation Inc
- Assets
- $844.7k
- Revenue
- $355.7k
- Investments
- $276.2k
- Employees
- 0
- Location
- Monroe, NY
- Founding
- 09/2014
- Data as of
- 12/2021
- EIN
- 46-4433898
Organization Overview
Jay & Blum Charity Foundation Inc is located in Monroe, NY. The organization was established in 2014. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Jay & Blum Charity Foundation 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 12/2021, Jay & Blum Charity Foundation Inc generated $355.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.5% each year . All expenses for the organization totaled $196.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Jay & Blum Charity Foundation Inc has awarded 18 individual grants totaling $365,144. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joel Chaim Director | 1 | $0 | |
Blima Chaim Director | 0.5 | $0 | |
Yoel Werzberger Director | 0.05 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $300,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $7,588 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $47,987 |
| Capital Gain Net Income | $47,987 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $83 |
| Total Revenue | $355,658 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $343 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $120 |
| Total operating and administrative expenses | $3,654 |
| Contributions, gifts, grants paid | $193,000 |
| Total expenses and disbursements | $196,654 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $568,534 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $844,732 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $25,000 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $25,000 |
Grants Awarded
Over the last fiscal year, Jay & Blum Charity Foundation Inc has awarded $193,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
THE OJC FUND THE ORTHODOX JEWISH COMMUNAL FUND PURPOSE: TO SUPPORT VARIOUS JEWISH ORGANIZATION | $150,000 |
CONG AVNEI TZEDEK PURPOSE: TO SUPPORT SYNAGOUGE RESTORATION | $25,000 |
UTA OF KJ PURPOSE: PAY TUTION FOR DESTITUTE FAMILIES | $18,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Harold Grinspoon Foundation Agawam, MA | $968,665,027 | $58,159,410 |
General Professional Liability Lass Fund Trust Agreement Pittsburgh, PA | $165,577,722 | $37,293,555 |
Jader Trust 4 New York, NY | $1,054,851,689 | $157,383,970 |
Rockefeller Family Fund Inc New York, NY | $156,631,848 | $43,772,368 |
Shapiro-Silverberg Foundation New York, NY | $41,665,129 | $24,069,378 |
Hess Philanthropic Fund New York, NY | $231,447,732 | $32,591,174 |
Edith L Trees Charitable Trust Pittsburgh, PA | $351,552,610 | $23,983,044 |
Natural Heritage Trust Albany, NY | $68,314,961 | $23,861,363 |
Hollow Metal Trust Fund New York, NY | $38,290,021 | $12,661,866 |
Halvorsen Family Foundation Greenwich, CT | $235,306,066 | $4,015,208 |
Adp Foundation Roseland, NJ | $23,560,078 | $20,725,290 |
Lynch Foundation Boston, MA | $176,006,196 | $42,142,694 |