Fjc

Organization Overview

Fjc, operating under the name Fjc - A Foundation Of Philanthropic Funds, 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 03/2022, Fjc - A Foundation Of Philanthropic Funds employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fjc - A Foundation Of Philanthropic Funds 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 03/2022, Fjc - A Foundation Of Philanthropic Funds generated $65.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $59.5m during the year ending 03/2022. While expenses have increased by 4.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2019, Fjc - A Foundation Of Philanthropic Funds has awarded 3,254 individual grants totaling $156,645,119. 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 990T Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO SUPPORT THE NONPROFIT SECTOR THROUGH DONOR ADVISED FUNDS, FISCAL SPONSORSHIP, NONPROFIT LENDING, AND CUSTOMIZED PHILANTHROPIC SOLUTIONS.

Describe the Organization's Program Activity:

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)(3) 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, WHICH ARE APPROVED BY A SUBCOMMITTEE OF FJC, WHO MAINTAIN RIGOROUS CREDIT STANDARDS. IN ADDITION TO FJC'S RIGOROUS CREDIT STANDARDS, CREDIT ENHANCEMENT ON THE POOL PROTECTS DONORS FROM PRINCIPAL LOSSES. SINCE INCEPTION, FJC HAS DEPLOYED OVER $380 MILLION IN LOANS THROUGH ALF. FJC CURRENTLY HAS $21.9 MILLION IN LOANS OUTSTANDING WITH 21 NONPROFIT BORROWERS.


EFA - ASSETS HELD FOR OTHERS: ASSETS HELD FOR OTHERS ARE FUNDS RECEIVED FROM NOT-FOR-PROFIT ORGANIZATIONS, SOME OF WHICH HAVE TRANSFERRED FUNDS TO FJC FOR THE PURPOSE OF INVESTING IN FJC'S AGENCY LOAN FUND, WHICH IS AVAILABLE TO PROVIDE SECURED INTEREST-BEARING LOANS TO CHARITABLE ORGANIZATIONS. THESE FUNDS CAN BE REDEEMED BY THE PARTICIPANTS IN ACCORDANCE WITH FJC'S POLICIES. FJC DOES NOT HAVE VARIANCE POWER OVER THE USE OF THESE ASSETS. ASSETS HELD FOR OTHERS ARE SUBJECT TO A MANAGEMENT FEE UP TO 1% ANNUALLY BASED UPON FUNDS INVESTMENT ALLOCATION.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Board, Officers & Key Employees

Name (title)Compensation
Samuel Marks
CEO
$254,917
Mark Cohen
Asst. Secretary, Chief Legal Officer
$208,555
Regina Rodriguez
Cfo/cio
$174,838
Meghan Hudson
COO
$144,829
Orlando Colon
Controller
$125,763
Lorin Silverman
President & Treasurer
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Ariel Burger
Project Development
$158,938
Cambridge Health Ventures
Business Development
$147,000
Michael Schudrich
Rabbi Services
$113,000
Fiduciary Technology Partners Llc
Info Tech Support And Services
$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$52,895,068
Noncash contributions included in lines 1a–1f $12,538,912
Total Revenue from Contributions, Gifts, Grants & Similar$52,895,068
Total Program Service Revenue$2,615,290
Investment income $4,571,417
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $4,978,192
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $65,059,967

Grants Awarded

Over the last fiscal year, Fjc has awarded $43,077,531 in support to 559 organizations.

Grant RecipientAmount

DECHOMAI FOUNDATION

Org PageRecipient Profile

Jacksonville, FL

PURPOSE: UNRESTRICTED GENERAL SUPPORT

$13,079,133

NEW YORK PUBLIC LIBRARY

Org PageRecipient Profile

New York, NY

PURPOSE: UNRESTRICTED GENERAL SUPPORT

$3,004,120

CONGREGATION RACHMISTRIVKA

Org PageRecipient Profile

Brooklyn, NY

PURPOSE: UNRESTRICTED GENERAL SUPPORT

$1,500,000

THE NATURE CONSERVANCY

Org PageRecipient Profile

Arlington, VA

PURPOSE: UNRESTRICTED GENERAL SUPPORT

$1,232,346

FIDELITY CHARITABLE GIFT FUND

Org PageRecipient Profile

Boston, MA

PURPOSE: UNRESTRICTED GENERAL SUPPORT

$931,320

US FRIENDS OF THE VAN LEER JERUSALEM INSTITUTE

Org PageRecipient Profile

Arlington, VA

PURPOSE: UNRESTRICTED GENERAL SUPPORT

$855,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 39 grants that Fjc has recieved totaling $3,266,156.

Awarding OrganizationAmount
The Harry & Jeanette Weinberg Foundation Inc

Owings Mills, MD

PURPOSE: TO SUPPORT A GRANTS PROGRAM FOCUSED ON START-UPS AND PILOT PROJECTS RELATED TO JEWISH POVERTY.

$575,000
The Seattle Foundation

Seattle, WA

PURPOSE: NYC FUND TO END YOUTH AND FAMILY HOMELESSNESS; SEE TRANSMITTAL LETTER FOR DETAIL

$560,000
Edgar M Leventritt Foundation Inc

Cold Spring, NY

PURPOSE: GENERAL

$470,000
Jewish Communal Fund

New York, NY

PURPOSE: GENERAL SUPPORT

$320,443
American Endowment Foundation

Hudson, OH

PURPOSE: PHILANTHROPY

$150,000
Covenant Foundation

New York, NY

PURPOSE: See Part IV

$142,300
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$30,204,934
Earnings$1,586,903
Admin Expense$4,023,000
Ending Balance$27,768,837

Create an account to unlock the data you need.

or