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Nonprofiteer
← HAROLD GRINSPOON FOUNDATION

Form 990 for tax year 2022

Filed by HAROLD GRINSPOON FOUNDATION.

Totals

Total revenue
$42,626,445
Total expenses
$55,668,882
Contributions and grants received
$9,750,214
Grants paid
$17,401,226
Program service revenue
$6,825,160
Investment income
$23,497,878
Other revenue
$2,553,193
Total assets, end of year
$939,490,212
Total liabilities, end of year
$15,562,786
Net assets or fund balances, end of year
$923,927,426
Program services expenses (Part IX)
$46,549,048
Management and general expenses
$4,292,985
Fundraising expenses
$4,826,849
Program service expenses (Part III)
$46,549,048

Program services were 83.6% 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

    $9,750,214

  • 1g · Noncash contributions included above

    $494,560

  • 2a · Program service revenue: PJ LIBRARY BOOK PROG.

    total $6,800,160 · related or exempt $6,800,160

  • 2b · Program service revenue: LIFE & LEGACY PROGRAM

    total $25,000 · related or exempt $25,000

  • 3 · Investment income

    total $15,111,098 · excluded $15,111,098

  • 7a · Gross sales of assets other than inventory

    securities $19,796,216

  • 7b · Less cost or other basis and sales expenses

    securities $11,409,436

  • 7c · Gain or loss

    securities $8,386,780

  • 7d · Net gain or loss

    total $8,386,780 · excluded $8,386,780

  • 10a · Gross sales of inventory

    $39,834

  • 10b · Cost of goods sold

    $39,834

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: OTHER PTSP INCOME

    total $1,388,839 · unrelated business $824,196 · excluded $564,643

  • 11b · Other revenue: ASPEN LIMITED PARTNERS

    total $1,106,213 · unrelated business $728,986 · excluded $377,227

  • 11c · Other revenue: MISCELLANEOUS

    total $58,141 · related or exempt $14,355 · excluded $43,786

  • 11e · Other revenue, total

    $2,553,193

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $8,860,102 · program services $8,860,102

  • 2 · Grants to domestic individuals

    total $1,903,229 · program services $1,903,229

  • 3 · Grants to foreign organizations and individuals

    total $6,637,895 · program services $6,637,895

  • 5 · Compensation of officers, directors and key employees

    total $2,229,285 · program services $1,389,431 · management and general $410,409 · fundraising $429,445

  • 7 · Other salaries and wages

    total $11,932,049 · program services $8,609,716 · management and general $1,163,135 · fundraising $2,159,198

  • 8 · Pension plan contributions

    total $737,169 · program services $589,358 · management and general $70,651 · fundraising $77,160

  • 9 · Other employee benefits

    total $1,432,385 · program services $962,557 · management and general $195,329 · fundraising $274,499

  • 10 · Payroll taxes

    total $634,194 · program services $457,003 · management and general $64,609 · fundraising $112,582

  • 11b · Fees: legal

    total $36,256 · program services $32,001 · management and general $4,255

  • 11c · Fees: accounting

    total $93,205 · program services $69,905 · management and general $23,300

  • 11e · Fees: professional fundraising services

    total $240,928 · fundraising $240,928

  • 11f · Fees: investment management

    total $1,585,466 · management and general $1,585,466

  • 11g · Fees: other

    total $2,321,614 · program services $2,039,666 · management and general $99,950 · fundraising $181,998

  • 12 · Advertising and promotion

    total $459,151 · program services $455,691 · management and general $2,812 · fundraising $648

  • 13 · Office expenses

    total $62,137 · program services $47,126 · management and general $12,574 · fundraising $2,437

  • 14 · Information technology

    total $1,413,601 · program services $1,098,094 · management and general $220,161 · fundraising $95,346

  • 15 · Royalties

    total $500 · program services $500

  • 16 · Occupancy

    total $621,796 · program services $569,800 · management and general $50,851 · fundraising $1,145

  • 17 · Travel

    total $1,562,031 · program services $1,174,225 · management and general $16,315 · fundraising $371,491

  • 19 · Conferences, conventions and meetings

    total $543,950 · program services $442,098 · management and general $192 · fundraising $101,660

  • 22 · Depreciation, depletion and amortization

    total $141,230 · management and general $141,230

  • 23 · Insurance

    total $234,092 · program services $187,021 · management and general $47,071

  • 24a · Other expenses: BOOKS & MAILINGS

    total $6,080,423 · program services $6,035,754 · fundraising $44,669

  • 24b · Other expenses: BOOK DISTRIBUTION & POS

    total $4,151,024 · program services $3,731,680 · management and general $3,008 · fundraising $416,336

  • 24c · Other expenses: PRODUCT & CONTENT DEVEL

    total $1,398,365 · program services $1,134,458 · management and general $162 · fundraising $263,745

  • 24d · Other expenses: ALL OTHER EXPENSES

    total $356,805 · program services $121,738 · management and general $181,505 · fundraising $53,562

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,174 · end of year $1,432

  • 2 · Savings and temporary cash investments

    beginning of year $9,718,980 · end of year $6,263,609

  • 3 · Pledges and grants receivable

    beginning of year $9,429,883 · end of year $7,214,691

  • 7 · Other notes and loans receivable

    beginning of year $126,541 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,396,232 · end of year $1,162,570

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

    $4,806,695

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

    $4,466,062

  • 10c · Land, buildings and equipment, net

    beginning of year $481,863 · end of year $340,633

  • 11 · Investments: publicly traded securities

    beginning of year $627,766,896 · end of year $643,789,235

  • 12 · Investments: other securities

    beginning of year $244,071,525 · end of year $280,718,042

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,411,522 · end of year $2,706,941

  • 18 · Grants payable

    beginning of year $9,258,593 · end of year $10,373,579

  • 25 · Other liabilities

    beginning of year $0 · end of year $2,482,266

  • 27 · Net assets without donor restrictions

    beginning of year $805,351,063 · end of year $845,645,228

  • 28 · Net assets with donor restrictions

    beginning of year $74,977,916 · end of year $78,282,198

Mission and programs · 2022

Mission

INSPIRED BY THE DEEP MEANING AND JOY OFFERED BY JEWISH LIVING, THE HAROLD GRINSPOON FOUNDATION HELPS PEOPLE CONNECT TO JEWISH VALUES, FAITH, TRADITIONS, AND CULTURE AND BUILD VIBRANT JEWISH COMMUNITIES.

Activities or mission (Part I)

SUPPORT PRIMARILY JEWISH EDUCATIONAL INSTITUTIONS AND ORGANIZATIONS

  • THE PJ LIBRARY (PJ FOR PAJAMAS), IN PARTNERSHIP WITH LOCAL COMMUNITIES PROVIDES FAMILIES WITH HIGH-QUALITY CHILDREN'S BOOKS, MUSIC, AND OTHER RESOURCES THAT FOSTER JEWISH LEARNING AND CREATE A GATEWAY FOR DEEPER ENGAGEMENT IN JEWISH LIFE. PJ LIBRARY SERVES 172,654 FAMILIES IN 185 COMMUNITIES IN THE US AND CANADA, AND THOUSANDS OF OTHER FAMILIES AROUND THE WORLD. PJ LIBRARY AWARDED OVER 200 GRANTS TO PARTNERING ORGANIZATIONS IN THE U.S. AND CANADA AND OVER 1,500 CAMP GRANTS TO CHILDREN OF PJ LIBRARY FAMILIES TO ATTEND JEWISH SUMMER CAMP.

    Expenses $30,059,739 · Grants $4,608,879 · Revenue $6,814,515

  • THE JCAMP180 PROVIDES MENTORING SERVICES AND CHALLENGE GRANTS TO NONPROFIT JEWISH OVERNIGHT CAMPS AND OTHER ORGANIZATIONS. JCAMP180 FOCUSES ON STRATEGIC PLANNING, LEADERSHIP DEVELOPMENT, FUNDRAISING, AND OVERALL CAPACITY BUILDING.

    Expenses $6,840,965 · Grants $4,665,078

  • LIFE & LEGACY ASSISTS COMMUNITIES ACROSS NORTH AMERICA, THROUGH PARTNERSHIPS WITH JEWISH FEDERATIONS AND FOUNDATIONS, TO PROMOTE AFTER-LIFETIME GIVING TO BUILD ENDOWMENTS THAT WILL PROVIDE FINANCIAL STABILITY TO JEWISH DAY SCHOOLS, SYNAGOGUES, SOCIAL SERVICE ORGANIZATIONS, AND OTHER JEWISH ENTITIES. THROUGH TRAINING, SUPPORT AND MONETARY INCENTIVES, THIS PARTNERSHIP PROGRAM MOTIVATES JEWISH ORGANIZATIONS TO SECURE LEGACY GIFTS, STEWARD DONORS, AND INTEGRATE LEGACY GIVING INTO THE PHILANTHROPIC CULTURE OF THE JEWISH COMMUNITY. THIS WAS FORMERLY REPORTED AS PART OF THE HGF AWARDS PROGRAM.

    Expenses $2,337,328 · Grants $1,238,991 · Revenue $25,000

  • THE HGF AWARDS GRANTS DIRECTLY TO INDIVIDUALS AND ORGANIZATIONS SUPPORTING INITIATIVES LOCALLY, NATIONALLY, AND IN ISRAEL. THESE PROGRAMS RANGE FROM SMALL INDIVIDUAL CAMPERSHIP TO NATIONAL ORGANIZATIONAL GRANTS. ADDITIONALLY, HGF PROVIDES FUNDING AND RESOURCES FOR PHILANTHROPIC TEEN PROGRAMS, CULTURAL AND ART INITIATIVES, AND PROFESSIONAL DEVELOPMENT AND RESOURCE MATERIALS FOR EDUCATORS.

    Expenses $7,108,360 · Grants $6,888,279

  • VOICES & VISIONS PAIRS QUOTES AND IMAGES TO OFFER A NEW AND DYNAMIC VISION TO ENGAGE THE JEWISH PEOPLE IN CONVERSATIONS REGARDING THEIR OWN IDENTITIES.

    Expenses $202,656

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • WINIFRED SANDLER GRINSPOON

    TRUSTEE & PRESIDENT

    Total calculated
    $0
    Hours/week
    40

  • HAROLD GRINSPOON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    10

  • JEREMY PAVA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • DIANE TRODERMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • RABBI TUVIA BRANDER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • JERRY SILVERMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • DEBORAH HOCHBERG

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • LISA RACHLIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • RABBI ELIE KAUNFER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • RABBI ETHAN TUCKER

    TRUSTEE THROUGH 8/31/22

    Total calculated
    $0
    Hours/week
    4

  • ADRIAN DION

    CHIEF OPERATING OFFICER

    Total calculated
    $313,043
    From this org
    $297,696
    From related orgs
    $0
    Other
    $15,347
    Hours/week
    38

    Schedule J breakdown matched by us

    Base
    $297,696
    Bonus
    $0
    Other
    $0
    Deferred
    $14,640
    Nontaxable benefits
    $707
    Filer's total
    $313,043

  • TAMAR REMZ

    CHIEF PARTNRSP OFFICER THRU 12/31/22

    Total calculated
    $284,388
    From this org
    $264,808
    From related orgs
    $0
    Other
    $19,580
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $264,808
    Bonus
    $0
    Other
    $0
    Deferred
    $10,307
    Nontaxable benefits
    $9,273
    Filer's total
    $284,388

  • PATRICK GERYK

    CHIEF FINANCIAL OFFICER

    Total calculated
    $206,075
    From this org
    $190,388
    From related orgs
    $0
    Other
    $15,687
    Hours/week
    38

    Schedule J breakdown matched by us

    Base
    $190,388
    Bonus
    $0
    Other
    $0
    Deferred
    $9,645
    Nontaxable benefits
    $6,042
    Filer's total
    $206,075

  • RACHEL GOLDKLANG

    CHIEF PHILANTHROPY OFFICER

    Total calculated
    $246,614
    From this org
    $238,275
    From related orgs
    $0
    Other
    $8,339
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $238,275
    Bonus
    $0
    Other
    $0
    Deferred
    $7,603
    Nontaxable benefits
    $736
    Filer's total
    $246,614

  • ERIC JORDAN

    CHIEF INFORMATION OFFICER

    Total calculated
    $312,836
    From this org
    $281,631
    From related orgs
    $0
    Other
    $31,205
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $281,631
    Bonus
    $0
    Other
    $0
    Deferred
    $13,529
    Nontaxable benefits
    $17,676
    Filer's total
    $312,836

  • ALEXANDER ZABLOTSKY

    MANAGING DIRECTOR OF PJ LI

    Total calculated
    $254,386
    From this org
    $224,791
    From related orgs
    $0
    Other
    $29,595
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $224,791
    Bonus
    $0
    Other
    $0
    Deferred
    $11,919
    Nontaxable benefits
    $17,676
    Filer's total
    $254,386

  • ARLENE SCHIFF

    NTL DIRECTOR LIFE & LEGACY

    Total calculated
    $182,020
    From this org
    $172,644
    From related orgs
    $0
    Other
    $9,376
    Hours/week
    32

    Schedule J breakdown matched by us

    Base
    $172,644
    Bonus
    $0
    Other
    $0
    Deferred
    $8,640
    Nontaxable benefits
    $736
    Filer's total
    $182,020

  • SARAH EISINGER

    DIRECTOR OF J CAMP180

    Total calculated
    $184,203
    From this org
    $168,599
    From related orgs
    $0
    Other
    $15,604
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $168,599
    Bonus
    $0
    Other
    $0
    Deferred
    $8,735
    Nontaxable benefits
    $6,869
    Filer's total
    $184,203

  • ERICA PHELAN

    ADVANCEMENT OFFICER

    Total calculated
    $182,622
    From this org
    $164,588
    From related orgs
    $0
    Other
    $18,034
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $164,588
    Bonus
    $0
    Other
    $0
    Deferred
    $5,749
    Nontaxable benefits
    $12,285
    Filer's total
    $182,622

  • STEPHANIE BRESSLER

    ADVANCEMENT OFFICER

    Total calculated
    $179,416
    From this org
    $171,075
    From related orgs
    $0
    Other
    $8,341
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $171,075
    Bonus
    $0
    Other
    $0
    Deferred
    $8,037
    Nontaxable benefits
    $304
    Filer's total
    $179,416

  • ERIC RABHAN

    ADVANCEMENT OFFICER

    Total calculated
    $168,170
    From this org
    $159,500
    From related orgs
    $0
    Other
    $8,670
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $159,500
    Bonus
    $0
    Other
    $0
    Deferred
    $7,975
    Nontaxable benefits
    $695
    Filer's total
    $168,170

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

  • 1a · First-class or charter travel
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 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

The filer's explanations (Part III)

PART I, LINE 1A
FIRST CLASS TRAVEL IS PROVIDED FOR EMPLOYEES WITH CERTAIN HEALTH CONDITIONS THAT WARRANT A FIRST CLASS SEAT.

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

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.

  • HGF REALTY LLC

    ACQUIRE, DEVELOP, LEASE, AND DISPOSE OF REAL ESTATE · MA · income $841

    Directly controlled by THE HAROLD GRINSPOON FOUNDATION

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202411369349313556

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

The source document this was parsed from is served over the API, which is where bulk and document access live.