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Foundation For Jewish Philanthropies Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 166023261 ✦ Getzville, NY ✦ Designated as a 501(c)(3)

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Overview

What is Foundation For Jewish Philanthropies Inc?

The Foundation For Jewish Philanthropies Inc, established in 1911, is a public charity situated in Getzville, New York. Its primary mission is to preserve and enhance Jewish life both locally and globally by managing and distributing charitable funds such as bequests, legacies, endowments, trusts, and donor-advised funds. The organization supports various social service agencies, community organizations, temples, and synagogues by developing and managing endowment funds for them. Additionally, it offers planned giving services for donors and administers a grant-making program to distribute funds for broad charitable purposes. The Foundation for Jewish Philanthropies Inc aims to improve the quality and continuity of Jewish life through private philanthropy.


Official website here: www.jewishphilanthropies.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 94% (Four-Star out of Four Star rating)

The Foundation For Jewish Philanthropies Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. This high score indicates that the organization adheres to stringent financial reporting standards and has a fully independent board, which is crucial for transparency and effective governance. The charity excels in many areas, such as having no material diversion of assets and a robust program expense ratio of 98.56%, demonstrating a commitment to maximizing funds for its programs.

However, while the organization has notable strengths, there are areas for improvement, particularly in fundraising efficiency, where it received a lower score. The fundraising efficiency ratio of $0.012 suggests that the charity could enhance its fundraising strategies to reduce costs associated with generating donations. Despite this, the organization maintains a strong working capital ratio, ensuring it has sufficient funds to meet its short-term obligations.

Overall, Foundation For Jewish Philanthropies Inc demonstrates a solid commitment to financial integrity and effective program delivery, making it a trustworthy choice for donors interested in supporting its mission. The organization’s current financial health, combined with its focus on transparency and accountability, positions it well to continue making a positive impact.


This AI summary has been generated from information found on Charity Navigator.

Is Foundation For Jewish Philanthropies Inc legitimate?

Foundation For Jewish Philanthropies Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundation For Jewish Philanthropies Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $274,224
Professional Fundraising Fees: $0
Other Salaries and Wages: $340,460

For more financial information, click here


Official website here: www.jewishphilanthropies.org

What is the mission statement of Foundation For Jewish Philanthropies Inc?

The Foundation for Jewish Philanthropies Inc., established in 1911, operates as a not-for-profit, public charity. Its primary mission is to enhance the quality and continuity of Jewish life both locally and globally, facilitated through private philanthropy. The organization accepts, manages, and distributes charitable legacies, bequests, trusts, endowments, and various philanthropic funds to benefit the community. The Foundation's purpose is to provide for the betterment of Jewish life by utilizing these philanthropic funds.


Official website here: www.jewishphilanthropies.org

Who is the CEO of Foundation For Jewish Philanthropies Inc?

Irving Levy is the President of Foundation For Jewish Philanthropies Inc.


Official website here: www.jewishphilanthropies.org

What is the revenue of Foundation For Jewish Philanthropies Inc?

Foundation For Jewish Philanthropies Inc's revenue in 2022 was $11,401,853.


Official website here: www.jewishphilanthropies.org

Who are the executives of Foundation For Jewish Philanthropies Inc and what are their salaries?

The average compensation at Foundation For Jewish Philanthropies Inc during 2022 was $47,283. There are 13 employees and 26 volunteers at Foundation For Jewish Philanthropies Inc.


Here are 25 key members and their salaries:


Jonathan Schechter (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alison Keane (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Peter Weinmann (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Craig Small (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Daniel Kester (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Susan Freed (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Goldman Dmd (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Esther Quartarone (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eric Recoon (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Brian Snyder (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Joseph (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joel Paull (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alan Rosenhoch (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bruce Levine (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jordana Maisel (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sanath Rajapaske (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Steinberg (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Melissa Stevener (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Arnold Kahn (Honorary Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Zakalik (Honorary Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Feuerstein (Honorary Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lenore Levy (Honorary Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Donald Kohnstamm (Honorary Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Irving Levy (Executive Director)
  • Compensation: $194,589
  • Related: $0
  • Other: $19,565
Cortney Heitzman (Controller)
  • Compensation: $63,180
  • Related: $0
  • Other: $10,210


Official website here: www.jewishphilanthropies.org

Where can I find the form 990 for Foundation For Jewish Philanthropies Inc?

Foundation For Jewish Philanthropies Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.jewishphilanthropies.org

Learn more at the official website: www.jewishphilanthropies.org

Mission Statement of Foundation For Jewish Philanthropies Inc

The Foundation for Jewish Philanthropies Inc, established in 1911, serves as a not-for-profit, public charity with a mission to uphold and sustain the quality of Jewish life both in Western New York and globally. This organization is dedicated to achieving this objective through the practice of private philanthropy. The Foundation's role encompasses the acceptance, management, and distribution of various philanthropic funds, including charitable legacies, bequests, trusts, endowments, and other donations. These resources are then utilized for the betterment of the community at large. By engaging in such activities, the Foundation for Jewish Philanthropies Inc strives to ensure the continuity of Jewish life, benefitting communities far and wide.

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Impact




October, 2024

Foundation For Jewish Philanthropies Inc significantly enhances the quality and continuity of Jewish life in Western New York and globally. Established in 1911, it actively seeks, accepts, manages, and distributes various charitable funds, including legacies, bequests, and endowments. This organization plays a crucial role in supporting Jewish and non-Jewish social service agencies, community organizations, temples, and synagogues through its well-managed endowment funds.

By offering diverse planned giving services to donors and administering a dedicated grant-making program, the foundation ensures that philanthropic resources are effectively utilized for broad charitable purposes. Its efforts help foster a robust community, sustaining cultural heritage and providing necessary resources for various social services, thereby creating a lasting impact in both local and international Jewish communities.




This information is meant to be a general summary of Foundation For Jewish Philanthropies Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$11,401,853 (2022)
Expenses
$37,627,864 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,770,205
  • Program Service Revenue: $437,711
  • Gross Receipts: $61,839,034

Assets and Liabilities:

  • Total Assets: $239,988,540
  • Total Liabilities: $133,147,127
  • Net Assets: $106,841,413

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

FUND CHARGES

Revenue

$437,711

Organization Details

Founding Year

1911

Principal Officer

Irving Levy

Main Address

2640 NORTH FOREST ROAD 200, GETZVILLE, NY, 140681573

NTEE Category

Code: T700 - Philanthropy

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