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← JCF WEISBERG MORTIMER MEM FD TRUST

Form 990 for tax year 2024

Filed by JCF WEISBERG MORTIMER MEM FD TRUST.

Totals

Total revenue
$865,803
Total expenses
$511,615
Contributions and grants received
$0
Grants paid
$449,825
Program service revenue
$0
Investment income
$822,179
Other revenue
$43,624
Total assets, end of year
$8,595,316
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$8,595,316
Program services expenses (Part IX)
$449,825
Management and general expenses
$61,790
Fundraising expenses
$0
Program service expenses (Part III)
$449,825

Program services were 87.9% 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.

  • 3 · Investment income

    total $112,362 · excluded $112,362

  • 7a · Gross sales of assets other than inventory

    securities $1,795,300

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

    securities $1,085,483

  • 7c · Gain or loss

    securities $709,817

  • 7d · Net gain or loss

    total $709,817 · excluded $709,817

  • 11d · All other revenue

    total $43,624 · excluded $43,624

  • 11e · Other revenue, total

    $43,624

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $449,825 · program services $449,825

  • 5 · Compensation of officers, directors and key employees

    total $60,540 · management and general $60,540

  • 11c · Fees: accounting

    total $1,050 · management and general $1,050

  • 24e · All other expenses

    total $200 · management and general $200

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $456,328 · end of year $277,294

  • 11 · Investments: publicly traded securities

    beginning of year $6,905,532 · end of year $8,318,022

  • 12 · Investments: other securities

    beginning of year $910,000

  • 29 · Capital stock, trust principal or current funds

    beginning of year $8,271,860 · end of year $8,595,316

Mission and programs · 2024

Mission

Grants are made according to Trust Agreement dated 6-16-70, restated in 1972. Keybank as Trustee makes distributions to the Jewish Federation of Cleveland for needy & worthy students in undergraduate and post-graduate studies. Under the Ohio Institutional Trust Funds Act of 1999, the beneficiaries have chosen to receive the maximum of income based on the greater of 5% of AFV or traditional income. Keybank maintains a responsiveness to the needs and activities of the beneficiary organization in the attainment of its mission.

  • Grants made to the Jewish Federation of Cleveland to be used for scholarship purposes for the needy and worthy undergraduate and postgraduate students.

    Expenses $449,825 · Grants $449,825

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Keybank NA

    Trustee

    Total calculated
    $60,540
    From this org
    $60,540
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

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.

Grants on this return

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.

Provenance

Return type
form_990
Tax year
2024
Filed
2 November 2025
IRS schema version
2024v5.2
Source object
202503069349300065

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