Raymond James Charitable Endowment Fund
- Assets
- $1.5b
- Revenue
- $761.8m
- Investments
- $0.0
- Employees
- 0
- Location
- St Petersberg, FL
- Founding
- 08/2000
- Data as of
- 03/2022
- EIN
- 59-3652538
Organization Overview
Raymond James Charitable Endowment Fund is located in St Petersberg, FL. The organization was established in 2000. According to its NTEE Classification (T30) the organization is classified as: Public 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. Raymond James Charitable Endowment Fund 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 03/2022, Raymond James Charitable Endowment Fund generated $761.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 36.7% each year . All expenses for the organization totaled $391.2m during the year ending 03/2022. While expenses have increased by 35.9% 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 2015, Raymond James Charitable Endowment Fund has awarded 32,958 individual grants totaling $1,050,053,443. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORTING PHILANTHROPY THROUGH DONOR ADVISED FUNDS THAT SIMPLIFY GIVING AND MAXIMIZE IMPACT.
Describe the Organization's Program Activity:
THE RJCEF OPERATES DONOR-ADVISED FUNDS AS THE CORE OF ITS CHARITABLE OPERATIONS. DURING THE CURRENT FISCAL YEAR, THE NUMBER OF DONOR ADVISED FUNDS INCREASED TO APPROXIMATELY 7,775. THE RJCEF BOARD OF TRUSTEES LAUNCHED ITS GRANT INITIATIVE PROGRAM DURING THE PERIOD, ACCEPTING APPLICATIONS AND SUPPORTING A VARIETY OF ORGANIZATIONS FROM ITS GENERAL FUNDS IN ADDITION TO GRANTS DISTRIBUTED FROM DONOR ADVISED FUNDS. THE RJCEF MADE GRANTS TO DIFFERENT 501(C)(3) PUBLIC CHARITIES TOTALING $372,813,010 DURING THE FISCAL YEAR. TOTAL GRANT EXPENSE PAID OR ACCRUED AMOUNTED TO $381,057,948 OR 33% OF THE BEGINNING OF THE YEAR NET ASSETS. THE GRANTS WERE MADE TO U.S. IRS APPROVED, TAX-EXEMPT ORGANIZATIONS IN THE FOLLOWING BROAD CATEGORIES: 20% FAITH BASED ORGANIZATIONS, 11% EDUCATION AND SCHOOL ORGANIZATIONS, 13% SOCIAL SERVICES ORGANIZATIONS, 44% VARIOUS OTHER PUBLIC CHARITABLE ORGANIZATIONS, 6% MEDICINE AND SCIENCE ORGANIZATIONS, 3% ARTS, CULTURE AND MUSEUM ORGANIZATIONS, AND 3% ENVIRONMENT AND ANIMAL ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Wilkins Trustee/chairman | OfficerTrustee | 5 | $16,500 |
Lauren Nicole Johnson Trustee | Trustee | 5 | $16,000 |
Frances Neu Trustee | Trustee | 5 | $15,000 |
Jeffrey Gallagher Trustee As Of 11/18/21 | Trustee | 5 | $3,750 |
Elizabeth Brady Trustee As Of 11/18/21 | Trustee | 5 | $3,750 |
Erik Fruland Trustee/cfo | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Raymond James Trust Na Admin Svc&inv Mgmt | 3/30/22 | $8,235,869 |
Raymond James Associates Investment Mgmt | 3/30/22 | $498,520 |
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 | $668,916,303 |
| Noncash contributions included in lines 1a–1f | $468,189,159 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $668,916,303 |
| Total Program Service Revenue | $0 |
| Investment income | $41,697,216 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $51,029,628 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $761,758,301 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $381,057,948 |
| 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. | $64,500 |
| Compensation of current officers, directors, key employees. | $64,500 |
| 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 | $9,263,606 |
| Fees for services: Legal | $17,562 |
| Fees for services: Accounting | $45,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $513,546 |
| Fees for services: Other | $13,000 |
| 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 | $80,500 |
| All other expenses | -$9,426 |
| Total functional expenses | $391,163,193 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $881,920 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $24,038,306 |
| Accounts receivable, net | $540,518 |
| 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 | $1,422,350,234 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,143,945 |
| Total assets | $1,460,954,923 |
| Accounts payable and accrued expenses | $3,013,224 |
| Grants payable | $8,244,940 |
| 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 | $1,665,080 |
| Total liabilities | $12,923,244 |
| Net assets without donor restrictions | $1,418,259,716 |
| Net assets with donor restrictions | $29,771,963 |
| 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 | $1,460,954,923 |
Grants Awarded
Over the last fiscal year, Raymond James Charitable Endowment Fund has awarded $211,961,417 in support to 1,641 organizations.
| Grant Recipient | Amount |
|---|---|
Jenkintown, PA PURPOSE: GENERAL SUPPORT | $141,777,262 |
San Francisco, CA PURPOSE: GENERAL SUPPORT | $4,806,660 |
Boston, MA PURPOSE: GENERAL SUPPORT | $1,807,336 |
Hudson, OH PURPOSE: GENERAL SUPPORT | $1,453,664 |
Southeastern, PA PURPOSE: GENERAL SUPPORT | $1,361,867 |
Collierville, TN PURPOSE: GENERAL SUPPORT | $1,198,540 |
Grants Recieved
Over the last fiscal year, we have identified 16 grants that Raymond James Charitable Endowment Fund has recieved totaling $9,691,957.
| Awarding Organization | Amount |
|---|---|
Dechomai Foundation Inc Jacksonville, FL PURPOSE: unrestricted | $6,506,300 |
American Endowment Foundation Hudson, OH PURPOSE: PHILANTHROPY | $1,547,197 |
George M Cohen Foundation Inc Jacksonville, FL PURPOSE: COMMUNITY PHILANTHROPY | $550,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $354,592 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: SUPPORT | $191,957 |
David Hamilton Ryerson Foundation Akron, OH PURPOSE: DONOR ADVISED FUND | $118,000 |
Endowment Analysis
| Beg. Balance | $5,136,217 |
| Earnings | $374,377 |
| Grants | $222,170 |
| Ending Balance | $5,288,424 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Raymond James Charitable Endowment Fund St Petersberg, FL | $1,460,954,923 | $761,758,301 |
Dechomai Asset Trust Jacksonville, FL | $1,237,997,188 | $1,026,053,625 |
The Miami Foundation Inc Miami, FL | $460,864,709 | $147,324,669 |
Ninth District Opportunity Inc Gainesville, GA | $20,597,568 | $53,356,026 |
Jupiter Medical Center Foundation Inc Jupiter, FL | $160,882,045 | $61,479,471 |
Nema Foundation Inc Tallulah Falls, GA | $40,863,488 | $61,480,995 |
Trustbridge Global Foundation Usa Inc Clearwater, FL | $68,735,703 | $42,627,282 |
Blue Cross And Blue Shield Of Florida Foundation Inc Jacksonville, FL | $500,668,406 | $165,069,947 |
University Of South Florida Institute Of Applied Engineering I Tampa, FL | $5,205,656 | $9,587,469 |
The Legacy Foundation At Shell Point Inc Fort Myers, FL | $5,518,203 | $5,863,574 |
East Lake Foundation Inc Atlanta, GA | $69,998,744 | $30,410,500 |
Scintilla Charter Academy Inc Valdosta, GA | $15,718,556 | $7,823,461 |