United Jewish Foundation
- Assets
- $499.2m
- Revenue
- $64.7m
- Investments
- $119.0m
- Employees
- 0
- Location
- Bloomfield Hills, MI
- Founding
- 12/1943
- Data as of
- 05/2020
- EIN
- 38-1360585
Organization Overview
United Jewish Foundation is located in Bloomfield Hills, MI. The organization was established in 1943. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 05/2020, United Jewish Foundation generated $64.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $49.6m during the year ending 05/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, United Jewish Foundation has awarded 1,489 individual grants totaling $265,618,657. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE UNITED JEWISH FOUNDATION SERVES AS CUSTODIAN OF THE DETROIT JEWISH COMMUNITY'S ASSETS. THE FOUNDATION IS COMMITTED TO PRESERVING AND GROWING THE ASSETS TO MEET THE COMMUNITY'S LONG TERM NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTION OF ASSETS TO THE JEWISH FEDERATION'S ANNUAL CAMPAIGN AND TO OTHER QUALIFIED 501(C)(3) ORGANIZATIONS SERVING THE JEWISH AND NON-SECULAR COMMUNITIES LOCALLY AND NATIONALLY
OTHER PROGRAM SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Kaufman CEO And Secretary - Partial Year | OfficerTrustee | 0 | $0 |
Michael Berger Vice President | OfficerTrustee | 0.5 | $0 |
Dennis Bernard President Elect | OfficerTrustee | 0.5 | $0 |
Ralph Gerson Vice President | OfficerTrustee | 0.5 | $0 |
Alan J Kaufman President | OfficerTrustee | 10 | $0 |
Scott A Eisenberg Vice President | OfficerTrustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fiduciary Technology Partners Endowment Software Services | 5/30/20 | $171,028 |
Mercer Investments Llc Investment Consulting | 5/30/20 | $143,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $38,190,812 |
| Investment income | $15,276,228 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $623,858 |
| Net Gain/Loss on Asset Sales | $10,264,909 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $64,657,132 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $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 | $1,917,286 |
| Fees for services: Legal | $32,507 |
| Fees for services: Accounting | $46,420 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,107,340 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $190,260 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $937,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,020 |
| Interest | $31,217 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,030,994 |
| Insurance | $92,564 |
| All other expenses | $0 |
| Total functional expenses | $49,591,347 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $35,014,642 |
| Pledges and grants receivable | $11,423,287 |
| Accounts receivable, net | $8,172,058 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $8,869,123 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,736,524 |
| Investments—publicly traded securities | $244,887,435 |
| Investments—other securities | $118,960,628 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,536,837 |
| Total assets | $499,169,628 |
| Accounts payable and accrued expenses | $1,420,277 |
| Grants payable | $2,343,043 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $579,175 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $75,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $86,589,839 |
| Total liabilities | $91,007,334 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $408,162,294 |
Grants Awarded
Over the last fiscal year, United Jewish Foundation has awarded $40,717,458 in support to 298 organizations.
| Grant Recipient | Amount |
|---|---|
Bloomfield Hills, MI PURPOSE: TO SUPPORT THE JEWISH COMMUNITY | $14,081,756 |
Oak Park, MI PURPOSE: TO SUPPORT THE ELDERLY | $2,131,377 |
West Bloomfield, MI PURPOSE: TO SUPPORT THE JEWISH COMMUNITY | $1,754,928 |
Bloomfield Hills, MI PURPOSE: TO SUPPORT THE NEEDS OF CHILDREN | $1,706,632 |
Detroit, MI PURPOSE: TO SUPPORT THE ARTS | $1,234,238 |
West Bloomfield, MI PURPOSE: TO SUPPORT JEWISH COMMUNITY | $1,073,033 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that United Jewish Foundation has recieved totaling $145,365.
| Awarding Organization | Amount |
|---|---|
Zuckerman Klein Family Support Foundation Bloomfield Hills, MI PURPOSE: TO SUPPORT THE JEWISH COMMUNITY | $75,000 |
Irwin Green And Bethea Green Support Foundation Bloomfield Hills, MI PURPOSE: TO SUPPORT VOLUNTEERISM AND PHILANTHROPY IN METRO DETROIT | $65,000 |
Milwaukee Jewish Federation Inc Milwaukee, WI PURPOSE: GENERAL DONATIONS | $5,365 |
Endowment Analysis
| Beg. Balance | $222,226,738 |
| Earnings | $1,332,116 |
| Net Contributions | $5,299,511 |
| Grants | $12,265,924 |
| Ending Balance | $216,592,441 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Way Of Central Indiana Inc Indianapolis, IN | $185,379,837 | $79,366,860 |
Jewish Federation Of Cleveland Cleveland, OH | $479,016,103 | $76,588,151 |
United Way Of Greater Milwaukee & Waukesha County Inc Milwaukee, WI | $61,405,972 | $81,920,457 |
Youngstown Area Jewish Federation Youngstown, OH | $18,497,381 | $13,682,212 |
United Jewish Foundation Bloomfield Hills, MI | $499,169,628 | $64,657,132 |
United Way Of Greater Cincinnati Cincinnati, OH | $64,375,825 | $46,031,561 |
James Whitcomb Riley Memorial Association Indianapolis, IN | $387,543,963 | $19,574,216 |
Jewish Federation Of Metropolitan Detroit Bloomfield Hills, MI | $47,176,033 | $56,479,308 |
United Way Of Central Ohio Inc Columbus, OH | $30,301,663 | $28,736,302 |
Milwaukee Jewish Federation Inc Milwaukee, WI | $275,238,952 | $33,191,987 |
United Way Of Greater Cleveland Fund Cleveland, OH | $43,379,849 | $24,528,914 |
United Way Of Dane County Inc Madison, WI | $22,529,692 | $21,928,366 |