Jewish Community Fdn Of The Jewish Federation Council Of Greater La
- Assets
- $1.1b
- Revenue
- $108.4m
- Investments
- $131.0m
- Employees
- 31
- Location
- Los Angeles, CA
- Founding
- 03/2017
- Data as of
- 12/2020
- EIN
- 95-6111928
Organization Overview
Jewish Community Fdn Of The Jewish Federation Council Of Greater La, operating under the name Jewish Community Foundation Of La, is located in Los Angeles, CA. The organization was established in 2017. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2023, Jewish Community Foundation Of LA employed 31 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Jewish Community Foundation Of LA 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 12/2020, Jewish Community Foundation Of LA generated $108.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $107.5m during the year ending 12/2020. While expenses have increased by 6.1% per year over the past 6 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 2014, Jewish Community Foundation Of LA has awarded 6,819 individual grants totaling $623,630,002. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION IS THE LARGEST MANAGER OF CHARITABLE ASSETS AND LEADER IN PLANNED GIVING SOLUTIONS FOR GREATER LOS ANGELES JEWISH PHILANTHROPISTS THROUGH ITS VARIOUS PROGRAMS.
Describe the Organization's Program Activity:
TO FULFILL OUR CHARITABLE MISSION, THE JEWISH COMMUNITY FOUNDATION OF LOS ANGELES OPERATES GRANT PROGRAMS THAT SUPPORT NUMEROUS NONPROFIT CAUSES LOCALLY, NATIONALLY, AND INTERNATIONALLY IN BOTH THE JEWISH COMMUNITY AND IN THE GREATER COMMUNITY AT LARGE. TWO EXAMPLES ARE BELOW: (A) CUTTING EDGE GRANTS IN 2022, THE FOUNDATION AWARDED $2.5 MILLION IN CUTTING EDGE GRANTS TO 10 ORGANIZATIONS FOCUSED ON SEEDING AND GROWING INNOVATIVE PROGRAMS IN THE LOS ANGELES JEWISH COMMUNITY. THE PROGRAMS RECEIVING FUNDING REACH A BROAD RANGE OF AGES AND STAGES OF LIFE AND ADDRESS A WIDE ARRAY OF ISSUE AREAS INCLUDING ANTISEMITISM, ISRAEL AND HOLOCAUST EDUCATION, MENTAL HEALTH, JEWISH TEEN ENGAGEMENT, AND REACHING DIVERSE COMMUNITIES AS WELL AS VULNERABLE POPULATIONS. FOR EXAMPLE, THE FOUNDATION PROVIDED A $230,000 GRANT TO JEWS OF COLOR INITIATIVE TO LAUNCH THE "LA INCUBATOR," A 16-MONTH COHORT-BASED LEADERSHIP DEVELOPMENT PROGRAM DESIGNED TO SUPPORT THE GROWTH OF JEWS OF COLOR-LED AND JEWS OF COLOR-SERVING PROJECTS OR PROGRAMS IN LA. THE PROGRAM SEEKS TO CREATE A MORE MULTIRACIAL, MULTIETHNIC, AND INCLUSIVE LA JEWISH LIFE; AND INNOVATE HOW THE JEWISH COMMUNAL LANDSCAPE SUPPORTS THE LEADERSHIP GROWTH AND PROFESSIONAL DEVELOPMENT OF JEWS OF COLOR. (B) ISRAEL GRANTS THE FOUNDATION AWARDED APPROXIMATELY $2.5 MILLION IN GRANTS LAST YEAR TO 10 ORGANIZATIONS IN ISRAEL FOCUSED ON STRENGTHENING JEWISH ENGAGEMENT AND ADVANCING ECONOMIC DEVELOPMENT. FUNDING TO RECIPIENT ORGANIZATIONS SUPPORT A RANGE OF POPULATIONS AND PROGRAMS, INCLUDING TECH TRAINING FOR DRUZE WOMEN AND ULTRA-ORTHODOX MEN, WORKFORCE PROGRAMS FOR YOUTH ON THE AUTISM SPECTRUM, TRANSITION SUPPORT FOR YOUNG ADULTS SEEKING TO LEAVE ULTRA-ORTHODOX COMMUNITIES, AND ENGAGEMENT OF RUSSIAN-SPEAKING IMMIGRANTS, AMONG OTHER GROUPS. FOR EXAMPLE, THE FOUNDATION PROVIDED A $300,000 GRANT TO JEWISH BRAIN IN HIGH-TECH (JBH) TO SUPPORT THE ENTRY OF HAREDI MEN INTO THE HIGH-TECH WORKFORCE BY PROVIDING HIGH-QUALITY TRAINING IN COMPUTER SCIENCE, SOFTWARE DEVELOPMENT, MATHEMATICS AND ENGLISH. BY STRENGTHENING ITS FLAGSHIP PROGRAM AND EXPANDING ITS PILOT PROGRAMS, JBH WILL BRING MORE ULTRA-ORTHODOX MEN INTO THE HIGH-TECH WORKFORCE EVERY YEAR WHILE HELPING THEM MAINTAIN THEIR RELIGIOUS COMMITMENTS. GRANTMAKING THROUGH ENDOWMENT FUNDS GRANTS ARE ALSO PROVIDED VIA ENDOWMENT FUNDS THAT THE FOUNDATION MANAGES. AN ENDOWMENT FUND IS CREATED BY SOMEONE FOR ONE OR MORE CHARITABLE PURPOSES, AND IT BECOMES A PERMANENT LEGACY THAT PROVIDES ANNUAL SUPPORT TO A CAUSE OR ORGANIZATION. THESE INCLUDE: *PERMANENT LEGACY FUND - AN ENDOWMENT FUND THAT SUPPORTS THE FOUNDATION'S ANNUAL GRANTS PROGRAMS DESCRIBED ABOVE. *FIELD OF INTEREST FUND - THROUGH THIS ENDOWMENT FUND, DONORS MAY DESIGNATE GENERAL CAUSES OR FIELDS OF INTEREST THAT THEY WISH TO SUPPORT. THE FOUNDATION ENSURES THEIR CHARITABLE INTENTIONS ARE FULFILLED, EVEN AFTER THE DONORS THEMSELVES ARE NO LONGER LIVING. *RESTRICTED OR DESIGNATED FUND - THIS IS AN ENDOWMENT FUND THAT SUPPORTS ONE OR MORE SPECIFIC NONPROFIT ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee/vice President | OfficerTrustee | 0.4 | $0 |
Name Not Listed Trustee/vice President | OfficerTrustee | 0.6 | $0 |
Name Not Listed Trustee/vice President | OfficerTrustee | 0.7 | $0 |
Name Not Listed Trustee/vice President | OfficerTrustee | 0.8 | $0 |
Name Not Listed Trustee/chair | OfficerTrustee | 2.4 | $0 |
Name Not Listed Trustee/vice President | OfficerTrustee | 0.7 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Canterbury Consulting Investment Consulting | 12/30/22 | $439,998 |
Oaktree Capital Management Investment Consulting | 12/30/22 | $422,292 |
Capital Group Private Client Services Inc Investment Consulting | 12/30/22 | $337,587 |
Adage Capital Partners Lp Investment Consulting | 12/30/22 | $308,357 |
The Blackstone Group Investment Consulting | 12/30/22 | $288,048 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $83,639,749 |
| Investment income | $18,729,645 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $25,393 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,998,409 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $108,439,956 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $24,592,434 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,985,183 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,305,652 |
| Pension plan accruals and contributions | $288,129 |
| Other employee benefits | $265,430 |
| Payroll taxes | $247,097 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,673 |
| Fees for services: Accounting | $212,167 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $641,296 |
| Fees for services: Other | $50,988 |
| Advertising and promotion | $367,640 |
| Office expenses | $193,639 |
| Information technology | $262,653 |
| Royalties | $0 |
| Occupancy | $321,636 |
| Travel | $17,037 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $88,251 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $40,642 |
| Insurance | $173,623 |
| All other expenses | $0 |
| Total functional expenses | $107,541,922 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $80,048,394 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,298,388 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,386,525 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $926,628,747 |
| Investments—other securities | $131,019,040 |
| Investments—program-related | $0 |
| Intangible assets | $16,037 |
| Other assets | $1,894,378 |
| Total assets | $1,147,355,921 |
| Accounts payable and accrued expenses | $132,211 |
| Grants payable | $12,284,360 |
| 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 | $219,344,736 |
| Total liabilities | $231,761,307 |
| 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 | $915,594,614 |
Grants Awarded
Over the last fiscal year, Jewish Community Fdn Of The Jewish Federation Council Of Greater La has awarded $111,616,880 in support to 886 organizations.
| Grant Recipient | Amount |
|---|---|
A FOUNDATION BUILDING STRENGTH PURPOSE: general support | $6,500 |
826 LA PURPOSE: general support | $40,800 |
350ORG PURPOSE: general support | $7,250 |
A NOISE WITHIN PURPOSE: general support | $10,000 |
A SENSE OF HOME PURPOSE: general support | $20,000 |
A PLACE CALLED HOME PURPOSE: general support | $172,300 |