Avi Chai Foundation
- Assets
- $417.4m
- Revenue
- $38.4m
- Investments
- $370.8m
- Employees
- 0
- Location
- New York, NY
- Founding
- 03/1985
- Data as of
- 12/2021
- EIN
- 13-3252800
Organization Overview
Avi Chai Foundation is located in New York, NY. The organization was established in 1985. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Avi Chai Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Avi Chai Foundation generated $38.4m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 31.4% each year . All expenses for the organization totaled $17.3m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Avi Chai Foundation has awarded 11 individual grants totaling $26,198,934. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
CHRONICLING THE HISTORY OF THE AVI CHAI FOUNDATION OVER 35 YEARS, EMPHASIZING THE FOUNDATION'S ORIGINS, EVOLUTION, PROGRAMS, ACHIEVEMENTS AND INTERNAL DELIBERATIONS.
TO PUBLISH A RESOURCE FOR THE DAY SCHOOL FIELD THAT DISCUSSES THE CHALLENGES FACED BY JEWISH DAY SCHOOLS AND THE VARIOUS APPROACHES TAKEN BY THE SCHOOLS TO ADDRESS THOSE CHALLENGES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joel B Prager Executive Director | 40 | $512,083 | |
Michael Trapunsky Program Associate | 40 | $143,083 | |
Avital Darmon Trustee | 1 | $22,000 | |
Meir Buzaglo Trustee | 1 | $22,000 | |
Ruth Wisse Trustee | 1 | $22,000 | |
Lauren K Merkin Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tony Proscio | 12/30/21 | $51,900 |
Patterson Belknap Webb & Tyler | 12/30/21 | $256,286 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,056 |
| Dividends & Interest | $2,683,008 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $30,032,067 |
| Capital Gain Net Income | $28,662,107 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,709,223 |
| Total Revenue | $38,425,354 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $66,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $1,949,028 |
| Interest | $0 |
| Taxes | $409,140 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $71,060 |
| Printing and publications | $0 |
| Other expenses | $326,420 |
| Total operating and administrative expenses | $6,167,734 |
| Contributions, gifts, grants paid | $11,133,488 |
| Total expenses and disbursements | $17,301,222 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,032,569 |
| Savings and temporary cash investments | $33,414,784 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $182,500 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $814,528 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $255,552,242 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $3,177,159 |
| Total assets | $417,433,923 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $698,000 |
| Total liabilities | $698,000 |
Grants Awarded
Over the last fiscal year, Avi Chai Foundation has awarded $10,358,488 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
AVI CHAI ISRAEL PURPOSE: GRANT TO SUPPORT JEWISH EDUCATION PROGRAMS IN ISRAEL.THE GRANT AMOUNT HAS BEEN REDUCED BY $100,000 OF WHICH THE GRANTEE DID NOT SPEND OUT OF CORPUS AND THEREFORE THE FOUNDATION HAS NOT INCLUDED AS A QUALIFIED DISTRIBUTION.NAME OR RECIPIENT - AVI CHAI ISRAELGRANT FOR THE USE OF A PROPERTY IN JERUSALEM, TO SUPPORT CHARITABLE AND EDUCATIONAL ACTIVITIES. THE VALUE OF THE USE OF THE PROPERTY FOR 2021 WAS $49,121. | $9,233,488 |
New York, NY PURPOSE: GRANT TO ENHANCE JEWISH EDUCATION IN JEWISH DAY SCHOOLS | $1,000,000 |
New York, NY PURPOSE: GRANT TO IMPROVE THE PHILANTHROPIC FIELD BY IMPROVING COMMUNICATIONS AND RELATIONS BETWEEN GRANT MAKERS AND GRANTEES | $125,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Avi Chai Foundation has recieved totaling $49,664.
| Awarding Organization | Amount |
|---|---|
Keren Keshet-The Rainbow Foundation New York, NY PURPOSE: ACCOMODATION/ADMIN GRANT | $49,121 |
Nerman Family Foundation Bonita Springs, FL PURPOSE: CHARITABLE | $543 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hamaskpik Of Rockland County Inc Monsey, NY | $63,578,748 | $60,740,286 |
Comunilife Inc New York, NY | $31,660,998 | $48,925,659 |
Julia Dyckman Andrus Memorial Inc Yonkers, NY | $77,963,384 | $42,844,151 |
Wildwood Programs Inc Latham, NY | $26,961,317 | $41,590,830 |
Dana-Farber Inc Boston, MA | $2,427,985,539 | $197,856,829 |
Green Chimneys Childrens Services Inc Brewster, NY | $40,286,634 | $28,138,217 |
Times Square District Management Association New York, NY | $18,451,564 | $28,017,921 |
Childrens Center For Treatment And Education Bradford, PA | $5,348,327 | $25,705,354 |
52 Broadway Realty Corp New York, NY | $50,887,165 | $15,066,010 |
Peter Becker Community Harleysville, PA | $93,663,279 | $25,907,614 |
Benhaven Inc North Haven, CT | $15,268,980 | $23,482,851 |
Catalyst Inc New York, NY | $56,172,197 | $22,153,415 |