Overview
What is Foundation For Jewish Day Schools Of Greater Philadelphia?
The Foundation for Jewish Day Schools of Greater Philadelphia, in collaboration with local Jewish day schools and recognized as a 501(c)(3) non-profit organization by the IRS, grants over $12 million in scholarships annually to students from economically disadvantaged backgrounds. Eligible students can benefit from the Educational Improvement Tax Credit Program or reside within the attendance area of one of Pennsylvania's underperforming schools under the Opportunity Scholarship Tax Credit Program. This nonprofit organization's mission extends beyond scholarships, also supporting enhanced curriculum content for students in state-approved programs.
Official website here: www.jewishphilly.org/eitc
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
The Foundation For Jewish Day Schools Of Greater Philadelphia has achieved an impressive 97% rating from Charity Navigator, which indicates a strong commitment to accountability and financial transparency. This high score is primarily driven by the charity's excellent performance in financial management, showcasing a well-structured organization that prioritizes its mission and operational effectiveness.
Strengths include a fully independent board, with 92% of its members being independent, and a comprehensive array of policies ensuring integrity, such as conflict of interest and whistleblower protections. The organization exhibits strong financial health, as evidenced by a low liabilities-to-assets ratio and a high program expense ratio, which indicates that the majority of its funds are directed towards its programs rather than administrative costs.
Despite these strengths, it is essential for potential donors to continue monitoring the organization’s performance and ensure that it maintains these standards over time. Overall, the Foundation For Jewish Day Schools presents itself as a reputable and efficient nonprofit dedicated to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Foundation For Jewish Day Schools Of Greater Philadelphia legitimate?
Foundation For Jewish Day Schools Of Greater Philadelphia is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundation For Jewish Day Schools Of Greater Philadelphia 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.
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Official website here: www.jewishphilly.org/eitc
What is the mission statement of Foundation For Jewish Day Schools Of Greater Philadelphia?
The Foundation for Jewish Day Schools of Greater Philadelphia, a non-profit organization recognized by the IRS, partners with local Jewish day schools to fulfill its mission. Through this collaboration, the foundation grants over $12 million in scholarships each year to students from economically disadvantaged backgrounds, allowing them to attend state-approved programs. Additionally, the foundation provides support for enhanced curriculum content in these schools.
Official website here: www.jewishphilly.org/eitc
Who is the CEO of Foundation For Jewish Day Schools Of Greater Philadelphia?
Elliot Holtz is the Chairman of Foundation For Jewish Day Schools Of Greater Philadelphia.
Official website here: www.jewishphilly.org/eitc
What is the revenue of Foundation For Jewish Day Schools Of Greater Philadelphia?
Foundation For Jewish Day Schools Of Greater Philadelphia's revenue in 2022 was $16,729,528.
Official website here: www.jewishphilly.org/eitc
Who are the executives of Foundation For Jewish Day Schools Of Greater Philadelphia and what are their salaries?
There 13 volunteers at Foundation For Jewish Day Schools Of Greater Philadelphia.
Here are 14 key members and their salaries:
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Official website here: www.jewishphilly.org/eitc
Where can I find the form 990 for Foundation For Jewish Day Schools Of Greater Philadelphia?
Foundation For Jewish Day Schools Of Greater Philadelphia's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.jewishphilly.org/eitc
Learn more at the official website: www.jewishphilly.org/eitc
Mission Statement of Foundation For Jewish Day Schools Of Greater Philadelphia
The Foundation for Jewish Day Schools of Greater Philadelphia, a non-profit organization recognized by the Internal Revenue Service, works in collaboration with regional Jewish day schools to accomplish its mission. Dedicated to providing financial assistance, the Foundation awards over $12 million in scholarships annually to students from economically disadvantaged backgrounds. Eligible students may benefit from these scholarships through the Educational Improvement Tax Credit Program or the Opportunity Scholarship Tax Credit Program for schools in Pennsylvania's poorest performing districts.
Beyond offering scholarships, the Foundation for Jewish Day Schools of Greater Philadelphia also supports the enhancement of curriculum content in approved state programs for public school students. This commitment to academic excellence allows these students to access valuable educational opportunities and resources. Through its partnership with regional Jewish day schools, the Foundation plays a vital role in ensuring that deserving students, regardless of their financial situation, can attend these institutions and receive a quality education.
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Impact
October, 2024
The Foundation for Jewish Day Schools of Greater Philadelphia profoundly impacts the educational landscape by providing substantial needs-based scholarships, totaling over $12 million. This financial support opens doors for students from low- and moderate-income households, enabling them to attend quality Jewish day schools. By focusing on those who qualify for the educational improvement tax credit program or reside near the 15% poorest performing schools in Pennsylvania, the Foundation addresses educational disparities and fosters opportunities that might otherwise be inaccessible.
In addition to scholarships, the Foundation enhances curriculum content, enriching the educational experiences of students, including those attending state-approved programs provided to public school students. This dual approach not only elevates the quality of education within Jewish day schools but also contributes to the broader educational ecosystem in the region.
By making quality education more accessible, the Foundation is not just supporting individual students and families, but also strengthening the community, promoting Jewish values, and ensuring that a diverse range of students can thrive academically and socially.
This information is meant to be a general summary of Foundation For Jewish Day Schools Of Greater Philadelphia. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $64,465
- Gross Receipts: $16,729,528
Assets and Liabilities:
- Total Assets: $8,630,485
- Total Liabilities: $387,099
- Net Assets: $8,243,386
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Organization Details
Founding Year
2001
Phone
(215) 832-0807Principal Officer
Elliot Holtz
Main Address
2 COMMERCE SQ 2001 MARKET ST 2300, PHILADELPHIA, PA, 19103
Website
www.jewishphilly.org/eitcNTEE Category
Code: B82 - Education
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