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← RAYMOND JAMES CHARITABLE ENDOWMENT FUND

Form 990 for tax year 2022

Filed by RAYMOND JAMES CHARITABLE ENDOWMENT FUND.

Totals

Total revenue
$408,375,986
Total expenses
$259,044,843
Contributions and grants received
$374,281,578
Grants paid
$248,418,808
Program service revenue
$0
Investment income
$33,623,955
Other revenue
$470,453
Total assets, end of year
$1,509,811,188
Total liabilities, end of year
$8,707,904
Net assets or fund balances, end of year
$1,501,103,284
Program services expenses (Part IX)
$256,560,881
Management and general expenses
$2,189,670
Fundraising expenses
$294,292
Program service expenses (Part III)
$256,560,881

Program services were 99.0% 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

    $374,281,578

  • 1g · Noncash contributions included above

    $185,735,306

  • 3 · Investment income

    total $52,622,509 · excluded $52,622,509

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $1,374,744,445

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

    securities $1,393,742,999

  • 7c · Gain or loss

    securities -$18,998,554

  • 7d · Net gain or loss

    total -$18,998,554 · unrelated business $16,359 · excluded -$19,014,913

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: ADMINISTRATION FEE INCOME

    total $434,517 · related or exempt $434,517

  • 11b · Other revenue: OTHER INCOME

    total $35,936 · excluded $35,936

  • 11e · Other revenue, total

    $470,453

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $248,418,808 · program services $248,418,808

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $77,500 · management and general $77,500

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $9,793,557 · program services $8,142,073 · management and general $1,357,192 · fundraising $294,292

  • 11b · Fees: legal

    total $57,783 · management and general $57,783

  • 11c · Fees: accounting

    total $45,950 · management and general $45,950

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $452,906 · management and general $452,906

  • 11g · Fees: other

    total $39,400 · management and general $39,400

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $81,064 · management and general $81,064

  • 24a · Other expenses: CREDIT CARD

    total $15,772 · management and general $15,772

  • 24b · Other expenses: ADMINISTRATIVE FEES

    total $51,274 · management and general $51,274

  • 24c · Other expenses: STATE REGISTRATION FEES

    total $6,804 · management and general $6,804

  • 24d · Other expenses: BROKERAGE FEES

    total $4,025 · management and general $4,025

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $881,920 · end of year $966,646

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $24,038,306 · end of year $14,758,714

  • 4 · Accounts receivable

    beginning of year $540,518 · end of year $1,784,125

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $1,422,350,234 · end of year $1,480,885,857

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $13,143,945 · end of year $11,415,846

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,013,224 · end of year $2,639,230

  • 18 · Grants payable

    beginning of year $8,244,940 · end of year $4,621,513

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $1,665,080 · end of year $1,447,161

  • 27 · Net assets without donor restrictions

    beginning of year $1,418,259,716 · end of year $1,473,687,462

  • 28 · Net assets with donor restrictions

    beginning of year $29,771,963 · end of year $27,415,822

Mission and programs · 2022

Mission

TO INFLUENCE AN INCREASE IN GENEROSITY BY PROVIDING PROGRAMS TO DONORS THAT SIMPLIFY GIVING, MAXIMIZE IMPACT AND MAKE THEIR PHILANTHROPIC VISION A REALITY.

Activities or mission (Part I)

SUPPORTING PHILANTHROPY THROUGH DONOR ADVISED FUNDS THAT SIMPLIFY GIVING AND MAXIMIZE IMPACT.

  • THE RJCEF OPERATES DONOR-ADVISED FUNDS AS THE CORE OF ITS CHARITABLE OPERATIONS. DURING THE CURRENT FISCAL YEAR, THE NUMBER OF DONOR ADVISED FUNDS INCREASED TO 8,619. THE RJCEF BOARD OF TRUSTEES LAUNCHED ITS GRANT INITIATIVE PROGRAM DURING THE PERIOD, ACCEPTING APPLICATIONS AND SUPPORTING A VARIETY OF ORGANIZATIONS FROM ITS GENERAL FUNDS IN ADDITION TO GRANTS DISTRIBUTED FROM DONOR ADVISED FUNDS. THE RJCEF MADE GRANTS TO DIFFERENT 501(C)(3) PUBLIC CHARITIES DURING THE FISCAL YEAR. TOTAL GRANT EXPENSE PAID OR ACCRUED AMOUNTED TO $248,418,808 OR 33% OF THE BEGINNING OF THE YEAR NET ASSETS. THE GRANTS WERE MADE TO U.S. IRS APPROVED, TAX-EXEMPT ORGANIZATIONS IN THE FOLLOWING BROAD CATEGORIES: 31% FAITH BASED ORGANIZATIONS, 19% EDUCATION AND SCHOOL ORGANIZATIONS, 20% SOCIAL SERVICES ORGANIZATIONS, 10% VARIOUS OTHER PUBLIC CHARITABLE ORGANIZATIONS, 11% MEDICINE AND SCIENCE ORGANIZATIONS, 4% ARTS, CULTURE AND MUSEUM ORGANIZATIONS, AND 5% ENVIRONMENT AND ANIMAL ORGANIZATIONS.

    Expenses $256,560,881 · Grants $248,418,808 · Revenue $434,517

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

Listed in Part VII

  • Frances Neu

    TRUSTEE

    Total calculated
    $17,000
    From this org
    $17,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Thomas Wilkins

    TRUSTEE/CHAIRMAN

    Total calculated
    $16,000
    From this org
    $16,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Lauren Nicole Johnson

    TRUSTEE

    Total calculated
    $16,000
    From this org
    $16,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Elizabeth Brady

    TRUSTEE

    Total calculated
    $16,000
    From this org
    $16,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Jeffrey Gallagher

    TRUSTEE

    Total calculated
    $16,000
    From this org
    $16,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Scott Zebra

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Erik Fruland

    TRUSTEE/CFO

    Total calculated
    $0
    Hours/week
    5

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

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.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CHARITABLE REMAINDER TRUSTS (9)

    FUNDRAISING · controlled entity

    Directly controlled by RJCEF

  • CHARITABLE LEAD TRUSTS (4)

    FUNDRAISING · controlled entity

    Directly controlled by RJCEF

  • POOLED INCOME FUNDS (2)

    FUNDRAISING · controlled entity

    Directly controlled by RJCEF

Provenance

Return type
form_990
Tax year
2022
Filed
15 February 2024
IRS schema version
2022v5.0
Source object
202430469349302713

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