Overview
What is Houston Jewish Community Foundation?
The Houston Jewish Community Foundation, founded in 1985, is a donor-centric community foundation based in Houston, Texas, with over $262 million in assets. This nonprofit organization facilitates the philanthropic aspirations of individuals and entities by managing funds for the betterment of the Greater Houston and national communities. With a long-term approach to charitable giving, the Foundation collaborates with professional advisors to develop innovative strategies for charitable donations, offering optimal tax benefits to create a personal legacy. The Foundation accepts various types of gifts, including cash, stocks, bonds, life insurance, real estate, and other properties, and manages Donor Advised Funds, supporting organizations, and endowments. The Foundation's mission is to preserve Jewish values and institutions through the acquisition, professional management, and distribution of charitable resources. The organization currently employs a team of six individuals.
Official website here: www.hjcf.org
What are the reviews and ratings of this charity?
97% rating from Charity Navigator.
The Houston Jewish Community Foundation holds an impressive Four-Star out of Four Star rating, reflecting strong performance in accountability and finance. The organization excels in demonstrating transparency and ethical governance, with a fully independent board and thorough financial oversight. Key metrics point to a robust financial health, including a high program expense ratio of 92.84%, indicating that a significant portion of its funding is directed towards its mission.
While the foundation showcases many strengths, there are some areas of concern noted in the fundraising efficiency, which received a score of $0.01. This suggests that while the organization is effective in its financial management and has a solid working capital ratio, it may face challenges in its fundraising efforts. Nevertheless, the overall financial metrics reflect a sustainable model that prioritizes mission effectiveness over fundraising costs.
In summary, the Houston Jewish Community Foundation is recognized for its strong governance and financial integrity, making it a reliable choice for donors seeking to support a well-managed nonprofit. Its performance in key accountability areas reinforces its commitment to serving the community effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Houston Jewish Community Foundation legitimate?
Houston Jewish Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Houston Jewish Community Foundation 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: $139,709
Professional Fundraising Fees: $0
Other Salaries and Wages: $477,369
For more financial information, click here
Official website here: www.hjcf.org
What is the mission statement of Houston Jewish Community Foundation?
The Houston Jewish Community Foundation serves as a donor-centered community foundation, dedicated to preserving Jewish values and institutions. Through the acquisition, professional management, and distribution of charitable resources, the organization aims to make a lasting impact. With over $262 million in assets under management, the Foundation has become a trusted entity in charitable giving. Donors work with professional advisors to develop philanthropic strategies and create their personal legacies, while the Foundation administers various types of funds, including Donor Advised Funds and supporting organizations. These funds are professionally managed to maximize the benefits of charitable contributions and ensure philanthropic dollars are used effectively. The Foundation's Investment Committee oversees the management of the funds to ensure optimal returns.
Official website here: www.hjcf.org
Who is the CEO of Houston Jewish Community Foundation?
Roberta Herman-Dietrich is the Chair of Houston Jewish Community Foundation.
Official website here: www.hjcf.org
What is the revenue of Houston Jewish Community Foundation?
Houston Jewish Community Foundation's revenue in 2022 was $32,520,347.
Official website here: www.hjcf.org
Who are the executives of Houston Jewish Community Foundation and what are their salaries?
The average compensation at Houston Jewish Community Foundation during 2022 was $102,846. There are 6 employees and 30 volunteers at Houston Jewish Community Foundation.
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Official website here: www.hjcf.org
Where can I find the form 990 for Houston Jewish Community Foundation?
Houston Jewish Community Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hjcf.org
Learn more at the official website: www.hjcf.org
Mission Statement of Houston Jewish Community Foundation
The Houston Jewish Community Foundation, a donor-centered community foundation, is dedicated to preserving Jewish values and institutes by managing and distributing charitable resources. Established in 1985, the organization has grown into a significant community foundation, managing over $262 million in assets. The Foundation's mission is geared towards helping individuals and families create lasting legacies by facilitating their charitable intentions, not only during their lifetimes but also beyond.
The Houston Jewish Community Foundation works closely with professional advisors to develop innovative philanthropic strategies, offering optimal tax benefits. The Foundation accepts a range of donations, including cash, stocks, bonds, life insurance, real estate, and other property. It also manages various types of funds, such as Donor Advised Funds, supporting organizations, and endowments, ensuring that donors receive the maximum benefit from their charitable contributions. The Foundation's Investment Committee closely monitors and evaluates the outside investment consulting firm to ensure that philanthropic dollars are used effectively and to their fullest potential. By providing a long-term approach to charitable giving, the Houston Jewish Community Foundation serves as a vital resource for the Greater Houston and national communities, perpetuating Jewish values and making a significant impact for generations to come.
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Impact
October, 2024
The Houston Jewish Community Foundation has a significant impact on both individual donors and the broader community. By managing over $262 million in assets, it enables donors to fulfill their philanthropic aspirations while ensuring that the needs of the Greater Houston area and national communities are met, both now and in the future.
The Foundation operates with a long-term vision that fosters charitable giving, empowering individuals and families to create enduring legacies aligned with Jewish values and principles. Through its professional management of funds, it offers innovative strategies that maximize the tax benefits for donors, ensuring that their contributions have the greatest possible impact.
Moreover, the Foundation facilitates the establishment of personalized giving structures—such as Donor Advised Funds and endowments—allowing for flexible, tailored approaches to philanthropy. This not only strengthens the financial health of numerous Jewish institutions but also enhances community engagement and support for various causes.
By working closely with professional advisors, the Houston Jewish Community Foundation cultivates a culture of philanthropy, ensuring that charitable resources are effectively utilized and that the legacy of giving is sustained for generations to come. This commitment to both individual donor goals and community welfare translates into meaningful advancements in social equity, education, and cultural preservation within the Jewish community and beyond.
This information is meant to be a general summary of Houston Jewish Community Foundation. 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: $4,105,667
- Program Service Revenue: $370,655
- Gross Receipts: $45,031,273
Assets and Liabilities:
- Total Assets: $202,144,299
- Total Liabilities: $60,096,123
- Net Assets: $142,048,176
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Administrative fees
Revenue
$370,655
Organization Details
Founding Year
1985
Phone
(346) 699-4523Principal Officer
Roberta Herman-Dietrich
Main Address
5603 South Braeswood Blvd, Houston, TX, 77096
Website
www.hjcf.orgNTEE Category
Code: T31 - Philanthropy
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