P E F Israel Endowment Funds Inc

Organization Overview

P E F Israel Endowment Funds Inc is located in New York, NY. The organization was established in 1938. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 11/2022, P E F Israel Endowment Funds Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. P E F Israel Endowment Funds Inc 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 11/2022, P E F Israel Endowment Funds Inc generated $178.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $167.2m during the year ending 11/2022. While expenses have increased by 6.6% 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 2016, P E F Israel Endowment Funds Inc has awarded 44 individual grants totaling $11,984,507. 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

THE PURPOSES OF THIS CORPORATION ARE TO PROVIDE RELIEF FOR, AND TO MINISTER TO THE PHYSICAL WELL-BEING OF NEEDY PERSONS IN ISRAEL; TO SUPPORT AND MAINTAIN PUBLIC HOSPITALS, CLINICS, TO RELIEVE SICKNESS AND DISTRESS, AND TO PREVENT PLAGUE AND DISEASE IN ISRAEL; TO SUPPORT AND MAINTAIN THE HEBREW UNIVERSITY AND OTHER EDUCATIONAL AND RELIGIOUS INSITUTIONS IN THE HOLY LAND AND TO PROMOTE SCIENTIFIC RESEARCH THEREIN. IT SHALL BE WITHIN THE PURPOSE OF THIS CORPORATION TO USE AS MEANS TO THE ABOVE PURPOSES, RESEARCH, PUBLICATION, THE ESTABLISHMENT AND MAINTENANCE OF CHARITABLE, RELIGIOUS AND PUBLIC EDUCATION ACTIVITES, AGENCIES AND INSTITUTIONS AND THE AID OF ANY SUCH ACTIVITIES, AGENCIES AND INSTITUTIONS ALREADY ESTABLISHED.

Describe the Organization's Program Activity:

PEF MAKES HUNDREDS OF GRANTS TO CHARITABLE ORGANIZATIONS FOR SUCH PURPOSES AS: PRIMARY AND SECONDARY EDUCATION, SCIENTIFIC RESEARCH, SPECIAL NEEDS OF WOMEN, CHILDREN, AND FAMILIES IN DISTRESS, DRUG ABUSE, RELIEF FOR HANDICAPPED, ARTS PROMOTION


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Merrill Lynch
Investment Management
$250,261
Neuberger Berman Bd Llc
Investment Management
$517,828
Gardner Russo & Quinn Llc
Investment Management
$154,751
Greenfield & Fortuna Llp
Auditing Services
$143,500
Goldman Sachs
Investment Management
$111,200
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$173,250,250
Noncash contributions included in lines 1a–1f $5,786,390
Total Revenue from Contributions, Gifts, Grants & Similar$173,250,250
Total Program Service Revenue$0
Investment income $2,346,029
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $28,298
Net Gain/Loss on Asset Sales $3,145,457
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $178,783,628

Grants Awarded

Over the last fiscal year, P E F Israel Endowment Funds Inc has awarded $707,528 in support to 6 organizations.

Grant RecipientAmount

ISRAEL CANCER RESEARCH FUND

Org PageRecipient Profile

New York, NY

PURPOSE: GENERAL SUPPORT

$300,000

JEWISH NATIONAL FUND

Org PageRecipient Profile

New York, NY

PURPOSE: GENERAL SUPPORT

$250,000

Washington, DC

PURPOSE: GENERAL SUPPORTGENERAL SUPPORT

$92,036

AMERICAN FRIENDS OF MAGEN DAVID ADOM

Org PageRecipient Profile

New York, NY

PURPOSE: GENERAL SUPPORT

$22,214

ORT AMERICA

PURPOSE: GENERAL SUPPORT

$21,639

UJA-FEDERATION OF NEW YORK

Org PageRecipient Profile

New York, NY

PURPOSE: GENERAL SUPPORT

$21,639
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 16 grants that P E F Israel Endowment Funds Inc has recieved totaling $384,530.

Awarding OrganizationAmount
$147,000
Sharon Houminer Foundation

Wilmington, DE

PURPOSE: SCHNEIDER CHILDREN'S HOSPITAL TO SUPPORT THE MICROBIOME PROJECT BEING CONDUCTED UNDER THE GUIDANCE OF PROFESSOR SHAI IZRAELI AT THE HEMATOLOGY -ONCOLOGY DIVISION

$100,000
Judy Frisch Cohen Foundation

Hewlett, NY

PURPOSE: SUPPORT CHARITIES IN ISRAEL

$23,000
Denise Frisch Davis Foundation

Highland Park, IL

PURPOSE: RESIDENTIAL CARE FOR THE DISABLED

$22,500
Diane Frisch Cohen Foundation

New York, NY

PURPOSE: SERVICES FOR THE AGED AND HANDICAPPED

$16,500
Shelly And Neil Mitchell Family Foundation

Springfield, NJ

PURPOSE: GENERAL

$15,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$34,107,157
Earnings-$1,104,082
Admin Expense$458,453
Net Contributions$468,628
Grants$2,199,385
Ending Balance$30,813,865

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