Jay And Jeanie Schottenstein Foundation
- Assets
- $12.9m
- Revenue
- $29.3m
- Investments
- $8.4m
- Employees
- 0
- Location
- Columbus, OH
- Founding
- 02/1985
- Data as of
- 12/2021
- EIN
- 31-1111955
Organization Overview
Jay And Jeanie Schottenstein Foundation is located in Columbus, OH. The organization was established in 1985. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jay And Jeanie Schottenstein 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, Jay And Jeanie Schottenstein Foundation generated $29.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (6.9%) each year. All expenses for the organization totaled $17.9m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Jay And Jeanie Schottenstein Foundation has awarded 237 individual grants totaling $46,517,208. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jay Schottenstein President | 1 | $0 | |
Jean Schottenstein Secretary & Treasurer | 0 | $0 | |
Jonathan Schottenstein Vice President | 0 | $0 | |
Jeffrey Schottenstein Vice President | 0 | $0 | |
Joseph Schottenstein Vice President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $14,625,130 |
| Interest on Savings | $0 |
| Dividends & Interest | $386,793 |
| Net Rental Income | $10,536 |
| Net Gain on Sale of Assets | $14,232,158 |
| Capital Gain Net Income | $14,232,158 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $29,259,001 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $19,478 |
| Depreciation | $27,963 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,339 |
| Total operating and administrative expenses | $95,780 |
| Contributions, gifts, grants paid | $17,769,642 |
| Total expenses and disbursements | $17,865,422 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40,225 |
| Savings and temporary cash investments | $2,756,379 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $210,000 |
| Net Investments - land, buildings, equipment | $1,376,300 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $34,805 |
| Total assets | $12,858,446 |
| Accounts payable and accrued expenses | $4,800 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $14,531,834 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $14,536,634 |
Grants Awarded
Over the last fiscal year, Jay And Jeanie Schottenstein Foundation has awarded $17,769,642 in support to 63 organizations.
| Grant Recipient | Amount |
|---|---|
FRIENDS OF ISRAEL ANTIQUITIES AUTHORITY PURPOSE: RELIGIOUS | $4,820,866 |
GEMILOS CHASADIM CHASDEI MOSHE PURPOSE: COMMUNITY | $2,072,000 |
THE OHIO STATE UNIVERSITY FOUNDATION PURPOSE: EDUCATION | $2,000,498 |
HEBREW ACADEMY OF MIAMI PURPOSE: EDUCATION | $1,154,906 |
MESORAH HERITAGE FOUNDATION PURPOSE: EDUCATION | $1,118,970 |
Brooklyn, NY PURPOSE: RELIGIOUS | $850,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
J Howard Pew Freedom Tr Philadelphia, PA | $675,828,558 | $64,346,772 |
Mccune Foundation Pittsburgh, PA | $180,488,577 | $38,182,239 |
The Meijer Foundation Grand Rapids, MI | $118,103,895 | $43,970,388 |
Nationwide Foundation Columbus, OH | $86,187,581 | $42,470,606 |
Dietrich Foundation Pittsburgh, PA | $1,425,693,584 | $93,476,192 |
Ford Motor Co Fund Dearborn, MI | $173,752,828 | $51,364,996 |
Farmer Family Foundation Cincinnati, OH | $165,004,074 | $63,392,827 |
American Electric Power Foundation Columbus, OH | $61,577,266 | $10,199,855 |
Anthem Foundation Inc Indianapolis, IN | $153,394,091 | $25,472,782 |
Wyncote Foundation Philadelphia, PA | $612,779,360 | $16,336,575 |
Dean & Barbara White Family Foundation Inc Merrillville, IN | $792,865,434 | $81,802,743 |
Wilson Sheehan Foundation Springfield, OH | $57,339,515 | $15,119,930 |