The Jerome Jacobson Foundation Inc
- Assets
- $2.0m
- Revenue
- $344.8k
- Investments
- $1.3m
- Employees
- 0
- Location
- Malvern, PA
- Founding
- 08/1990
- Data as of
- 12/2022
- EIN
- 65-0167227
Organization Overview
The Jerome Jacobson Foundation Inc is located in Malvern, PA. The organization was established in 1990. 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. Jerome Jacobson 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 12/2022, Jerome Jacobson Foundation Inc generated $344.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $1.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Jerome Jacobson Foundation Inc has awarded 48 individual grants totaling $6,349,595. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Louis Rubinfield President, Director | 5 | $0 | |
Richard Breen Secy, Treas, Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $23 |
| Dividends & Interest | $57,815 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $286,935 |
| Capital Gain Net Income | $286,935 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $344,773 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,793 |
| Total operating and administrative expenses | $39,856 |
| Contributions, gifts, grants paid | $1,006,000 |
| Total expenses and disbursements | $1,045,856 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $663,778 |
| 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 | $1,331,394 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,995,172 |
| 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, The Jerome Jacobson Foundation Inc has awarded $1,006,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
ACLU PURPOSE: NATIONAL CAPITAL AREA | $500,000 |
ANTI-DEFAMATION LEAGUE PURPOSE: GENERAL NEEDS | $500,000 |
MINNESOTA CHAPTER FOR MS PURPOSE: ALZHEIMER'S GENERAL NEEDS | $6,000 |