Bernard H & Blanche E Jacobson Foundation
- Assets
- $4.7m
- Revenue
- $378.7k
- Investments
- $4.6m
- Employees
- 0
- Location
- Charleston, WV
- Founding
- 06/1954
- Data as of
- 12/2021
- EIN
- 55-6014902
Organization Overview
Bernard H & Blanche E Jacobson Foundation is located in Charleston, WV. The organization was established in 1954. 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. Bernard H & Blanche E Jacobson 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, Bernard H & Blanche E Jacobson Foundation generated $378.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $487.8k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Bernard H & Blanche E Jacobson Foundation has awarded 61 individual grants totaling $1,419,000. 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 |
|---|---|---|---|
Name Not Listed Corp. Trustee | 8 | $24,525 | |
Christopher J Winton Pers. Trustee | 2 | $0 | |
Mark W Kelley Pers. Trustee | 2 | $0 | |
Anne R Silbernagel Pers. Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3 |
| Dividends & Interest | $93,260 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $285,408 |
| Net ST Capital Gain | $18,689 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $285,408 |
| Total Revenue | $378,671 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $24,525 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,366 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $38,784 |
| Contributions, gifts, grants paid | $449,000 |
| Total expenses and disbursements | $487,784 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $699 |
| Savings and temporary cash investments | $122,872 |
| 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 | $4,562,928 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,686,499 |
| 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, Bernard H & Blanche E Jacobson Foundation has awarded $724,000 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
WEST VIRGINIA STATE UNVIVERSITY FND PURPOSE: EDUCATIONAL | $200,000 |
Institute, WV PURPOSE: EDUCATIONAL | $100,000 |
UNIVERSITY OF CHARLESTON PURPOSE: EDUCATIONAL | $50,000 |
UNIVERSITY OF CHARLESTON PURPOSE: EDUCATIONAL | $50,000 |
Charleston, WV PURPOSE: EDUCATIONAL | $50,000 |
WV SYMPHONY ORCHESTRA PURPOSE: CULTURAL | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
George Gund Foundation Cleveland, OH | $524,945,754 | $120,923,136 |
Oberkotter Foundation Philadelphia, PA | $83,021,123 | $23,009,013 |
Pnc Foundation Pittsburgh, PA | $218,373,148 | $3,451,991 |
Peter Alfond Foundation Bethesda, MD | $78,752,550 | $129,307,233 |
Service Coordination Inc Frederick, MD | $19,156,790 | $52,158,150 |
Sarah Scaife Foundation Inc Pittsburgh, PA | $645,014,499 | $79,121,296 |
Claws Foundation Reston, VA | $37,055,234 | $1,734,426 |
J Howard Pew Freedom Tr Philadelphia, PA | $675,828,558 | $64,346,772 |
J Willard And Alice S Marriott Foundation Bethesda, MD | $441,340,618 | $31,840,539 |
Mccune Foundation Pittsburgh, PA | $180,488,577 | $38,182,239 |
Jack Kent Cooke Foundation Lansdowne, VA | $883,502,508 | $42,942,790 |
Nationwide Foundation Columbus, OH | $86,187,581 | $42,470,606 |