Fjc

Organization Overview

Fjc, operating under the name Fjc - A Foundation Of Philanthropic, is located in New York, NY. The organization was established in 1996. According to its NTEE Classification (I99) the organization is classified as: Crime & Legal-Related N.E.C., under the broad grouping of Crime & Legal-Related and related organizations. As of 03/2021, Fjc - A Foundation Of Philanthropic employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.

For the year ending 03/2021, Fjc - A Foundation Of Philanthropic generated $42.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.1%) each year. All expenses for the organization totaled $32.0m during the year ending 03/2021. As we would expect to see with falling revenues, expenses have declined by (4.8%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Since 2019, Fjc - A Foundation Of Philanthropic has awarded 1,608 individual grants totaling $69,456,747. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO MAXIMIZE THE IMPACT OF CHARITABLE DOLLARS; CREATE INNOVATIVE AND CUSTOMIZEZD SOLUTIONS; AND TO RESPOND TO THE NEEDS OF DONORS, NFP BORROWERS AND OTHER CHARITABLE AGENCIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

DONOR ADVISED FUNDS & SPECIALIZED ACCOUNTS. FJC PROVIDES A BOUTIQUE, CUSTOMIZABLE SERVICE TO ITS ACCOUNT HOLDERS, COLLABORATING WITH IMAGINATIVE DONORS WHO SEEK MORE CREATIVE APPROACHES. WHILE MOST ACCOUNT HOLDERS AT FJC USE DONOR ADVISED FUND (DAF) ACCOUNTS FAIRLY CONVENTIONALLY (RECOMMENDING GRANTS TO THEIR FAVORITE CHARITIES), WE ACCOMMODATE DONORS WHO WANT TO DEPLOY FUNDS AS LOANS, RECOVERABLE GRANTS, OR IMPACT INVESTMENTS. WE HAVE HOSTED FUNDER COLLABORATIVES, SCHOLARSHIP AND AWARD PROGRAMS, AND OTHER VARIATIONS ON PHILANTHROPIC ACCOUNTS THAT MEET THE NEEDS OF BOTH DONORS AND AN EVOLVING NONPROFIT SECTOR.


FISCAL SPONSORSHIP. FJC INCUBATES A WIDE RANGE OF NONPROFIT ORGANIZATIONS AND PROJECTS THAT HAVE NOT RECEIVED THEIR 501(C)(3) STATUS. OUR SCALED PLATFORM PROVIDES OPERATIONAL EFFICIENCIES TO PARTICIPANTS, ALLOWING THEM TO RECEIVE TAX DEDUCTIBLE CONTRIBUTIONS AND DISTRIBUTE FUNDS AS GRANTS OR VENDOR PAYMENTS. WHILE SOME ORGANIZATIONS "GRADUATE" FROM OUR FISCAL SPONSORSHIP AND RECEIVE THEIR OWN 501(C)(S) DESIGNATION, OTHERS PREFER TO STAY WITH FJC TO TAKE ADVANTAGE OF OUR COST EFFECTIVE SERVICES. THE PROGRAM IS FLEXIBLE REGARDING MISSION, SERVING ORGANIZATIONS WHO FOCUS ON ARTS, EDUCATION, SOCIAL SERVICES, HEALTH, RELIGION, THE ENVIRONMENT, AND MORE.


AGENCY LOAN FUND. A BESPOKE IMPACT INVESTMENT OFFERED TO OUR DONORS AS PART OF OUR STANDARD INVESTMENT MENU, FJC'S AGENCY LOAN FUND (ALF) ALLOWS DONORS THE OPPORTUNITY TO INVEST A PORTION OF THEIR ACCOUNTS IN LOANS TO A DIVERSIFIED POOL OF NONPROFIT ORGANIZATIONS. FJC STAFF ORIGINATE AND UNDERWRITE THESE LOANS. INTEREST AND PRINCIPAL PAYMENTS FROM THE LOANS GROW THE ACCOUNTS OF PARTICIPATING DONORS (TYPICALLY BETWEEN 3-4% PER ANNUM). IN ADDITION TO FJC'S RIGOROUS CREDIT STANDARDS, CREDIT ENHANCEMENT ON THE POOL PROTECTS DONORS FROM PRINCIPAL LOSSES. SINCE INCEPTION, FJC HAS DEPLOYED OVER $370 MILLION IN LOANS THROUGH ALF. FJC CURRENTLY HAS $28.6 MILLION IN LOANS OUTSTANDING WITH 22 NONPROFIT BORROWERS.


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Board, Officers & Key Employees

Name (title)Compensation
Samuel Marks
CEO
$252,905
Mark Cohen
Asst. Secretary, Chief Legal Officer
$209,102
Regina A Rodriguez
Cfo/cio
$176,397
Meghan Hudson
COO
$150,557
Orlando Colon
Controller
$130,390
Henry Bubel
Secretary
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Cambridge Heath Ventures
Advisory
$110,250
Fiduciary Technology Partners Llc
Software Subscription And Maintenance
$102,000
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$31,412,976
Noncash contributions included in lines 1a–1f $10,784,050
Total Revenue from Contributions, Gifts, Grants & Similar$31,412,976
Total Program Service Revenue$2,407,995
Investment income $3,435,401
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $4,763,248
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $42,019,620

Grants Awarded

Over the last fiscal year, Fjc has awarded $20,404,862 in support to 570 organizations.

Grant RecipientAmount

NEW YORK BOTANICAL GARDEN

Org PageRecipient Profile

Bronx, NY

PURPOSE: GENERAL OPERATING SUPPORT

$1,200,000

NEW YORK PUBLIC LIBRARY

Org PageRecipient Profile

New York, NY

PURPOSE: GENERAL OPERATING SUPPORT

$1,003,400

BIKUR CHOLIM OF ROCKLAND COUNTY

Org PageRecipient Profile

Airmont, NY

PURPOSE: GENERAL OPERATING SUPPORT

$1,000,000

CONGREGATION AHAVAS TZEDOKO VEHESED INC

Org PageRecipient Profile

Brooklyn, NY

PURPOSE: GENERAL OPERATING SUPPORT

$475,000

JEWISH COMMUNAL FUND

Org PageRecipient Profile

New York, NY

PURPOSE: GENERAL OPERATING SUPPORT

$450,201

ACHIEVEMENT FIRST INC

Org PageRecipient Profile

New Haven, CT

PURPOSE: GENERAL OPERATING SUPPORT

$368,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 13 grants that Fjc has recieved totaling $798,393.

Awarding OrganizationAmount
Jewish Communal Fund

New York, NY

PURPOSE: General support

$347,661
Network For Good Inc

Washington, DC

PURPOSE: Unrestricted

$207,359
Koret Foundation

San Francisco, CA

PURPOSE: RECOMMENDED FOR THE JEWISH COMMUNITY OF POLAND FUND FOR THE CHIEF RABBI OF POLAND

$100,000
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$57,985
Covenant Foundation

New York, NY

PURPOSE: See Part IV

$50,000
Network For Good Inc

Washington, DC

PURPOSE: Unrestricted

$10,025
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$21,760,585
Earnings$5,944,595
Net Contributions$2,499,754
Ending Balance$30,204,934

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