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← FOUNDATION FOR JEWISH PHILANTHROPIES

Form 990 for tax year 2023

Filed by FOUNDATION FOR JEWISH PHILANTHROPIES.

Totals

Total revenue
$27,453,302
Total expenses
$13,828,655
Contributions and grants received
$8,938,031
Grants paid
$10,513,456
Program service revenue
$478,839
Investment income
$18,036,432
Other revenue
$0
Total assets, end of year
$253,763,195
Total liabilities, end of year
$134,555,773
Net assets or fund balances, end of year
$119,207,422
Program services expenses (Part IX)
$13,347,986
Management and general expenses
$329,835
Fundraising expenses
$150,834
Program service expenses (Part III)
$13,347,986

Program services were 96.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $8,938,031

  • 1g · Noncash contributions included above

    $2,900,240

  • 2a · Program service revenue: FUND CHARGES

    total $478,839 · related or exempt $478,839

  • 3 · Investment income

    total $18,036,432 · excluded $18,036,432

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $10,256,384 · program services $10,256,384

  • 2 · Grants to domestic individuals

    total $135,572 · program services $135,572

  • 3 · Grants to foreign organizations and individuals

    total $121,500 · program services $121,500

  • 5 · Compensation of officers, directors and key employees

    total $359,292 · program services $143,717 · management and general $147,310 · fundraising $68,265

  • 7 · Other salaries and wages

    total $289,500 · program services $115,800 · management and general $118,695 · fundraising $55,005

  • 9 · Other employee benefits

    total $63,337 · program services $25,335 · management and general $25,968 · fundraising $12,034

  • 10 · Payroll taxes

    total $54,558 · program services $21,823 · management and general $22,369 · fundraising $10,366

  • 11b · Fees: legal

    total $46,000 · program services $44,160 · management and general $1,380 · fundraising $460

  • 11c · Fees: accounting

    total $12,421 · program services $11,924 · management and general $373 · fundraising $124

  • 12 · Advertising and promotion

    total $68,074 · program services $65,351 · management and general $2,042 · fundraising $681

  • 13 · Office expenses

    total $10,897 · program services $10,460 · management and general $327 · fundraising $110

  • 14 · Information technology

    total $181,018 · program services $173,778 · management and general $5,430 · fundraising $1,810

  • 16 · Occupancy

    total $75,481 · program services $72,462 · management and general $2,264 · fundraising $755

  • 19 · Conferences, conventions and meetings

    total $27,743 · program services $26,634 · management and general $832 · fundraising $277

  • 22 · Depreciation, depletion and amortization

    total $6,569 · program services $6,306 · management and general $197 · fundraising $66

  • 23 · Insurance

    total $61,508 · program services $59,048 · management and general $1,845 · fundraising $615

  • 24a · Other expenses: LIFE INSURANCE PREMIUMS

    total $2,032,054 · program services $2,032,054

  • 24b · Other expenses: EQUIPMENT RENTAL AND MA

    total $22,528 · program services $21,627 · management and general $676 · fundraising $225

  • 24c · Other expenses: MISCELLANEOUS

    total $4,219 · program services $4,051 · management and general $127 · fundraising $41

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,207,548 · end of year $3,644,283

  • 2 · Savings and temporary cash investments

    beginning of year $9,096,268

  • 3 · Pledges and grants receivable

    beginning of year $2,910,638 · end of year $2,931,073

  • 7 · Other notes and loans receivable

    beginning of year $7,683,526 · end of year $6,669,764

  • 10a · Land, buildings and equipment: cost or other basis

    $414,626

  • 10b · Land, buildings and equipment: accumulated depreciation

    $403,949

  • 10c · Land, buildings and equipment, net

    beginning of year $17,246 · end of year $10,677

  • 11 · Investments: publicly traded securities

    beginning of year $125,633,253 · end of year $177,763,993

  • 12 · Investments: other securities

    beginning of year $32,809,767 · end of year $9,224,625

  • 15 · Other assets

    beginning of year $58,630,294 · end of year $53,518,780

  • 17 · Accounts payable and accrued expenses

    beginning of year $21,146,057 · end of year $14,982,973

  • 21 · Escrow or custodial account liability

    beginning of year $89,219,787 · end of year $95,285,758

  • 25 · Other liabilities

    beginning of year $22,781,283 · end of year $24,287,042

  • 27 · Net assets without donor restrictions

    beginning of year $72,485,326 · end of year $79,033,941

  • 28 · Net assets with donor restrictions

    beginning of year $34,356,087 · end of year $40,173,481

Mission and programs · 2023

Mission

SEE SCHEDULE OTHE ORGANIZATION IS A NOT-FOR-PROFIT, PUBLIC CHARITY ESTABLISHED IN 1911 TO PROVIDE FOR THE QUALITY AND CONTINUITY OF JEWISH LIFE IN WESTERN NEW YORK AND AROUND THE WORLD THROUGH PRIVATE PHILANTHROPY. THE FOUNDATION SEEKS, ACCEPTS, MANAGES, AND DISTRIBUTES CHARITABLE LEGACIES, BEQUESTS, TRUSTS, ENDOWMENTS, AND OTHER PHILANTHROPICAL FUNDS FOR THE BENEFIT OF THE COMMUNITY.

Activities or mission (Part I)

THE ORGANIZATION IS A NOT-FOR-PROFIT, PUBLIC CHARITY ESTABLISHED IN 1911 TO PROVIDE FOR THE QUALITY AND CONTINUITY OF JEWISH LIFE IN WESTERN NEW YORK AND AROUND THE WORLD THROUGH PRIVATE PHILANTHROPY. THE FOUNDATION SEEKS, ACCEPTS, MANAGES, AND DISTRIBUTES CHARITABLE LEGACIES, BEQUESTS, TRUSTS, ENDOWMENTS, AND OTHER PHILANTHROPICAL FUNDS FOR THE BENEFIT OF THE COMMUNITY.

  • THE FOUNDATION OPERATES AS A PUBLIC CHARITY TO SEEK, ACCEPT, MANAGE, AND DISTRIBUTE LEGACIES, BEQUESTS, ENDOWMENTS, TRUSTS, DONOR-ADVISED, RESTRICTED, AND OTHER PHILANTHROPIC FUNDS. THE FOUNDATION DEVELOPS AND MANAGES ENDOWMENT FUNDS FOR JEWISH AND NON JEWISH SOCIAL SERVICE AGENCIES, COMMUNITY ORGANIZATIONS, TEMPLES, AND SYNAGOGUES. IT OFFERS A VARIETY OF PLANNED GIVING SERVICES FOR DONORS AND CONDUCTS A GRANT MAKING PROGRAM FOR THE DISTRIBUTION OF FUNDS FOR BROAD CHARITABLE PURPOSES.

    Expenses $13,347,986 · Grants $10,513,456 · Revenue $478,839

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Daniel Kester

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Peter Weinmann

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Alison Keane

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Esther Quartarone

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Craig Small

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Richard Zakalik

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Lisa Allen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jeff Bagel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sarah Carney

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bruce Corris

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Susan Freed

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Scott Goldman DMD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Penny Howard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michael Joseph

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bruce Levine

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jordana Maisel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Joel Paull

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sanath Rajapaske

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Eric Recon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Alan Rosenhock

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Brian Snyder

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Richard Steinberg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Melissa Stevener

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jake Warner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Arnold Kahn

    HONORARY TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Donald Kohnstamm

    HONORARY TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • David Feuerstein

    HONORARY TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Lenore J Levy

    HONORARY TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Raymond Fink

    HONORARY TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Judith Katz

    HONORARY TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Sanford Nobel

    HONORARY TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jonathan Schechter

    HONORARY TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Gary Greenfield

    HONORARY TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Irving Levy

    EXECUTIVE DIRECTOR

    Total calculated
    $211,786
    From this org
    $200,176
    From related orgs
    $0
    Other
    $11,610
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $200,176
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $11,610
    Filer's total
    $211,786

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • 570 ASSOCIATES X LLC

    RENTAL PROPERTY · FL · income $151,789 · assets $3,064,823

    Directly controlled by FOUNDATION FOR JEWISH PHILANTHROPIES

  • 93 ILRPT LLC

    RENTAL PROPERTY · FL · income $882,751 · assets $13,254,166

    Directly controlled by FOUNDATION FOR JEWISH PHILANTHROPIES

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202433199349312868

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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