Overview
What is Jewish Community Foundation Of Nm?
The Jewish Community Foundation of NM is a nonprofit organization situated in Albuquerque, New Mexico, dedicated to supporting the Jewish community through philanthropic services. It aids individual donors and nonprofit organizations by offering grant making, research, consultations, fund investment, and management. The foundation also shares information about charitable and legacy planning, funding opportunities, and charitable initiatives within the Jewish and broader communities. With a mission to perpetuate support for a thriving, caring Jewish community, the foundation has distributed grants to various charitable organizations addressing needs in various sectors such as health, human services, education, religion, culture, environment, immigration, and the arts. In addition, it has awarded scholarships and worked with donors to develop legacy plans, participating in the Life & Legacy Endowment Development Program to promote after-life giving and strengthen the community. As of December 31, 2022, the program had generated legacy gifts with an estimated value of $6.2 million and $736,000 in realized endowment gifts.
Official website here: www.jcfnm.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92%, Four-Star out of Four Star rating.
The Jewish Community Foundation of New Mexico has received a commendable Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. With a score of 92%, the organization demonstrates strong practices in managing its finances and maintaining transparency, which are crucial for donor confidence.
One of the key strengths noted is the composition of the board, which comprises entirely independent members, ensuring unbiased decision-making. Additionally, the foundation excels in financial oversight, with a robust audit committee and no reported material diversion of assets. The organization scores particularly well in program expense ratios, with a significant 89.03% of its expenditures directed toward programs.
However, there are a couple of areas that could benefit from improvement. The foundation is currently missing essential policies such as a whistleblower policy and a document retention and destruction policy, which could enhance its governance structure further. Overall, the Jewish Community Foundation of New Mexico showcases strong financial management and accountability, making it a trustworthy option for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Jewish Community Foundation Of Nm legitimate?
Jewish Community Foundation Of Nm is a legitimate nonprofit organization registered as a 501(c)(3) entity. Jewish Community Foundation Of Nm 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: $47,520
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.jcfnm.org
What is the mission statement of Jewish Community Foundation Of Nm?
The Jewish Community Foundation of NM's mission is centered around building and sustaining a vibrant and caring Jewish community. This is achieved through partnerships with donors and organizations. The foundation acts as a philanthropic service provider, managing funds for charitable purposes. This includes grant making, providing research on fields of interest, offering consultations with professional advisors, managing fund investments, and reporting. The foundation also disseminates educational information about charitable and legacy planning, and shares funding opportunities within the Jewish and broader communities. The foundation has made significant grants to various charitable organizations, addressing needs in various sectors such as health, human services, education, religion, culture, and arts. Additionally, the foundation has awarded scholarships and worked with donors to develop legacy plans. It has also extended its participation in the Life & Legacy Endowment Development Program to promote after-lifetime giving and strengthen the entire community.
Official website here: www.jcfnm.org
Who is the CEO of Jewish Community Foundation Of Nm?
Erika Rimson is the Executive Dir. of Jewish Community Foundation Of Nm.
Official website here: www.jcfnm.org
What is the revenue of Jewish Community Foundation Of Nm?
Jewish Community Foundation Of Nm's revenue in 2022 was $1,591,364.
Official website here: www.jcfnm.org
Who are the executives of Jewish Community Foundation Of Nm and what are their salaries?
The average compensation at Jewish Community Foundation Of Nm during 2022 was $47,520. There is 1 employee and 21 volunteers at Jewish Community Foundation Of Nm.
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Official website here: www.jcfnm.org
Where can I find the form 990 for Jewish Community Foundation Of Nm?
Jewish Community Foundation Of Nm's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.jcfnm.org
Learn more at the official website: www.jcfnm.org
Mission Statement of Jewish Community Foundation Of Nm
The Jewish Community Foundation of NM is committed to building and perpetuating support for a vibrant and caring Jewish community. This is achieved through strategic partnerships with donors and organizations. The foundation serves as a philanthropic intermediary, providing services such as grant making, field of interest research, consultations with professional advisors, fund investment, management, and reporting. In addition, the foundation shares educational information about charitable and legacy planning, funding ideas, and charitable opportunities within the Jewish and broader communities.
The foundation's mission is demonstrated through its activities. It distributes grants from its net assets to various charitable organizations, addressing needs in areas such as health, human services, education, religion, culture, environment, immigrant and refugee assistance, and the arts. The foundation also awards scholarships for college, camp, and Israel experiences for New Mexico youth. Furthermore, the foundation educates the Jewish community about charitable planning and works with donors to develop legacy plans and open funds to support charitable organizations and causes both currently and into the future.
The Jewish Community Foundation of NM extends its participation in the Life & Legacy Endowment Development Program in partnership with the Harold Grinspoon Foundation. This program, which has been successful in 65 other communities, promotes after-life giving to benefit Jewish organizations. It emphasizes stewardship and formalization of legacy gifts, and promotes a collaborative approach that strengthens the entire community. As of December 31, 2022, the program had generated legacy gifts with an estimated value of $6.2 million and $736,000 of realized endowment gifts. The foundation's mission is to support the Jewish community in New Mexico through philanthropic services and partnerships, ensuring a vibrant and caring future for all.
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Impact
July, 2024
Jewish Community Foundation Of Nm's impact can be seen through its distribution of grants totaling $515,544 to 167 charitable organizations. These grants have addressed various needs in areas such as health, human services, education, religion, culture, environment, immigrant and refugee assistance, and the arts. Additionally, the foundation has awarded scholarships to New Mexico youth, including college scholarships, camp scholarships, and Israel experience scholarships.
The foundation has also played a significant role in educating the Jewish community about charitable planning and working with donors to develop legacy plans and open funds to support charitable organizations and causes both now and into the future. By participating in the Life & Legacy endowment development program in partnership with the Harold Grinspoon Foundation, the foundation has facilitated after-lifetime giving to benefit Jewish organizations. This collaborative approach has strengthened the entire community, with nine Jewish organizations participating and generating legacy gifts with an estimated value of $6.2 million and $736,000 of realized endowment gifts.
Furthermore, the foundation's management of investments has focused on maximizing returns in line with its investment and distribution policies, ensuring that resources are effectively utilized to support the Jewish community in Albuquerque and beyond.
This information is meant to be a general summary of Jewish Community Foundation Of Nm. 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: $23,740
- Program Service Revenue: $52,613
- Gross Receipts: $1,594,733
Assets and Liabilities:
- Total Assets: $8,901,640
- Total Liabilities: $3,823,226
- Net Assets: $5,078,414
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMINISTRATIVE FEES
Revenue
$52,613
Organization Details
Founding Year
2013
Phone
(505) 348-4472Principal Officer
Erika Rimson
Main Address
5520 WYOMING BLVD NE, ALBUQUERQUE, NM, 87109
Website
www.jcfnm.orgNTEE Category
Code: T12 - Philanthropy
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