David And Inez Myers Foundation is located in Cleveland, OH. The organization was established in 1956. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, 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.
For the year ending 12/2019, David And Inez Myers Foundation generated $10.7m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 15.8% each year . All expenses for the organization totaled $6.0m during the year ending 12/2019. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, David And Inez Myers Foundation has awarded 65 individual grants totaling $10,093,306. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
FURTHER THE CHARITABLE, EDUC.& RELIGIOUS PURPOSES OF THE JEWISH FEDERATION OF CLEVELAND
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO 501(C)(3) ORGANIZATIONS MADE TO SUPPORT THE CHARITABLE, EDUCATIONAL & RELIGIOUS PURPOSES OF THE JEWISH FEDERATION OF CLEVELAND INCLUDING GRANT PROGRAM DESIGN, OVERSIGHT AND EXECUTION.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Erika Rudin-Luria Trstee/scrtry Elc 4/16/2019 | OfficerTrustee | 0.4 | $0 |
Stephen H Hoffman Trustee/scrtry To 4/16/2019 | OfficerTrustee | 0.4 | $0 |
S Lee Kohrman Trustee/president | OfficerTrustee | 20.4 | $0 |
Leslie D Dunn Trustee/vice President | OfficerTrustee | 0.4 | $0 |
Matthew A Kaliff Asst Secretary | Officer | 0.2 | $0 |
Barry Reis Treasurer | Officer | 0.2 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Monticello Associates Inc Investment Advisors | 12/30/19 | $150,000 |
Wellington Management Company Llp Investment Advisors | 12/30/19 | $134,945 |
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 | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $0 |
Investment income | $2,644,249 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $8,024,451 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $10,668,700 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $5,191,750 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $289,500 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $4,209 |
Fees for services: Accounting | $5,985 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $389,041 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $39,000 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $36,452 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $5,964,526 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $11,145,248 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $1 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $57,311,945 |
Investments—other securities | $138,597,352 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $712 |
Total assets | $207,055,258 |
Accounts payable and accrued expenses | $30,562 |
Grants payable | $10,583,448 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $10,614,010 |
Net assets without donor restrictions | $196,441,248 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $207,055,258 |
Over the last fiscal year, David And Inez Myers Foundation has awarded $4,954,000 in support to 34 organizations.
Grant Recipient | Amount |
---|---|
Cleveland, OH PURPOSE: BIRTHRIGHT ISRAEL; CEMETERY PRESERVATION; COMMUNITY SECURITY INITIATIVE; FOUNDATION DEPARTMENT; JHUB; MOISHE HOUSE; ONWARD ISRAEL; PHILANTHROPIC FUND SUPPORT; WEXNER HERITAGE PROGRAM: CLEVELAND COHORT; 2020 CAMPAIGN; FUND FOR THE JEWISH FUTURE | $2,301,000 |
Cleveland Hts, OH PURPOSE: 2019 MYERS JEWISH CAMPING SCHOLARSHIPS; 2020 MYERS CAMPING SCHOLARSHIPS; CAMP LEADERSHIP SCHOLARSHIPS | $671,000 |
Pepper Pike, OH PURPOSE: CAPITAL CAMPAIGN | $500,000 |
New York, NY PURPOSE: RECOMMENDATIONS: COUNSELING CENTER FOR WOMEN, ISRAEL: GENERAL SUPPORT, KVUTZAT REUT, HADASSAH ACADEMIC COLLEGE, SCHOLARSHIP SUPPORT; YEZREEL VALLEY COLLEGE, OPPORTUNITY FOR SUCCESS; HADIN ISRAEL LAW CENTER, TEL AVIV | $221,000 |
Kent, OH PURPOSE: GENERAL SUPPORT; HILLEL IN THE FSU | $160,000 |
Washington, DC PURPOSE: 2019 INTERNATIONAL CONVENTION SCHOLARSHIPS | $100,000 |
Organization Name | Assets | Revenue |
---|---|---|
The James Family Charitable Trust Jenkintown, PA | $101,614,489 | -$872,164 |
Gift Clearing Trust Indianapolis, IN | $904,727 | $14,534,102 |
Foundation For The Uptown Reinvestment Corporation Flint, MI | $618,786 | $10,047,522 |
L Brands Foundation Columbus, OH | $4,029,637 | $10,176,274 |
Siemer Institute Columbus, OH | $11,132,336 | $9,995,271 |
Dayton Foundation Plus Inc Dayton, OH | $68,094,537 | $8,799,441 |
Block 3 Community Urban Redevelopment Corporation Cincinnati, OH | $44,760,459 | $7,877,869 |
David And Inez Myers Foundation Cleveland, OH | $207,055,258 | $10,668,700 |
Jcgf Charitable Tr Cincinnati, OH | $653,667 | $4,947,224 |
Katzman Family Support Foundation Bloomfield Hills, MI | $1,146,260 | -$430,022 |
Upic Solutions Inc Fort Mitchell, KY | $1,788,430 | $5,088,818 |
Jewish Fund Inc Bloomfield Hills, MI | $55,211,372 | $2,544,716 |