United Jewish Foundation
- Assets
- $617.8m
- Revenue
- $98.3m
- Investments
- $154.4m
- Employees
- 0
- Location
- Bloomfield Hills, MI
- Founding
- 12/1943
- Data as of
- 05/2022
- 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. United Jewish 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 05/2022, United Jewish Foundation generated $98.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $92.0m during the year ending 05/2022. While expenses have increased by 8.6% 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 2015, United Jewish Foundation has awarded 2,026 individual grants totaling $377,076,117. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
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:
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
NET COSTS OF AGENCY FACILITIES AND OTHER DIRECT PROGRAM SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terri Chapman Member At Large | OfficerTrustee | 0 | $0 |
Dennis Bernard President | OfficerTrustee | 0 | $0 |
Stevan Rosenberg Member At Large | OfficerTrustee | 0 | $0 |
Steven Ingber Executive Secretary & CEO | OfficerTrustee | 20 | $0 |
David Karp Vice President | OfficerTrustee | 0 | $0 |
Gregg Orley Vice President | OfficerTrustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fiduciary Technology Partners Endowment Services | 5/30/22 | $218,424 |
Mercer Investments Llc Investment Consulting | 5/30/22 | $231,054 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $3,319,204 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $53,912,538 |
| Noncash contributions included in lines 1a–1f | $32,920,019 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $57,231,742 |
| Total Program Service Revenue | $0 |
| Investment income | $20,801,669 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,426 |
| Net Gain/Loss on Asset Sales | $18,501,242 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $98,304,951 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $79,394,527 |
| 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 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 | $2,251,199 |
| Fees for services: Legal | $62,861 |
| Fees for services: Accounting | $68,434 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $947,606 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $467,548 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,016 |
| Interest | $15,738 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,219,979 |
| Insurance | $204,715 |
| All other expenses | $30,780 |
| Total functional expenses | $91,977,865 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $66,181,655 |
| Pledges and grants receivable | $14,541,548 |
| Accounts receivable, net | $7,655,675 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,706,876 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,551,233 |
| Net Land, buildings, and equipment | $53,839,303 |
| Investments—publicly traded securities | $302,786,120 |
| Investments—other securities | $154,409,380 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,135,944 |
| Total assets | $617,807,734 |
| Accounts payable and accrued expenses | $1,960,100 |
| Grants payable | $2,027,516 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $222,912 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $25,001 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $110,560,730 |
| Total liabilities | $114,796,259 |
| Net assets without donor restrictions | $223,267,946 |
| Net assets with donor restrictions | $279,743,529 |
| 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 | $617,807,734 |
Grants Awarded
Over the last fiscal year, United Jewish Foundation has awarded $78,526,981 in support to 268 organizations.
| Grant Recipient | Amount |
|---|---|
West Bloomfield, MI PURPOSE: TO SUPPORT EDUCATION | $41,542,051 |
Bloomfield Hills, MI PURPOSE: TO SUPPORT THE JEWISH COMMUNITY | $13,528,199 |
Southfield, MI PURPOSE: TO SUPPORT THE ELDERLY | $1,984,056 |
West Bloomfield, MI PURPOSE: TO SUPPORT THE JEWISH COMMUNITY | $1,705,072 |
Detroit, MI PURPOSE: TO SUPPORT CHILDREN | $1,516,500 |
Southfield, MI PURPOSE: TO SUPPORT EDUCATION | $1,144,366 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that United Jewish Foundation has recieved totaling $36,050,073.
| Awarding Organization | Amount |
|---|---|
Samuel Frankel And Jean Frankel Support Foundation Bloomfield Hills, MI PURPOSE: TO SUPPORT VOLUNTEERISM AND PHILANTHROPY IN METRO DETROIT | $32,503,505 |
Jewish Federation Of Metropolitan Detroit Bloomfield Hills, MI PURPOSE: TO SUPPORT THE COMMUNITY | $3,319,204 |
Meyer And Anna Prentis-Morris Wagner Support Foundation Bloomfield Hills, MI PURPOSE: TO SUPPORT THE JEWISH COMMUNITY. | $100,000 |
Zuckerman Klein Family Support Foundation Bloomfield Hills, MI PURPOSE: TO SUPPORT THE JEWISH COMMUNITY | $75,000 |
Stone Foundation Of Michigan Franklin, MI PURPOSE: TO SUPPORT FAMILIES OF THE JEWISH COMMUNITY | $25,000 |
Jewish Fund Inc Bloomfield Hills, MI PURPOSE: CONNECTING JEWISH COMMUNITY WITH MARGINALIZED DETROIT COMMUNITIES | $25,000 |
Endowment Analysis
| Beg. Balance | $272,418,325 |
| Earnings | -$9,384,268 |
| Net Contributions | $12,520,184 |
| Grants | $10,735,254 |
| Ending Balance | $264,818,987 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Jewish Foundation Bloomfield Hills, MI | $617,807,734 | $98,304,951 |
Jewish Federation Of Cleveland Cleveland, OH | $589,585,655 | $113,020,772 |
United Way Of Greater Milwaukee & Waukesha County Inc Milwaukee, WI | $57,056,595 | $64,052,238 |
United Way Of Central Indiana Inc Indianapolis, IN | $217,442,591 | $59,941,831 |
Heart Of West Michigan United Way Grand Rapids, MI | $33,929,267 | $56,856,308 |
Jewish Federation Of Metropolitan Detroit Bloomfield Hills, MI | $47,934,420 | $53,063,745 |
James Whitcomb Riley Memorial Association Indianapolis, IN | $429,029,854 | $68,543,198 |
United Way Of Greater Cincinnati Cincinnati, OH | $87,410,500 | $43,822,055 |
Aurora Health Care Foundation Inc Milwaukee, WI | $332,167,553 | $7,899,285 |
Catholic Community Foundation Cleveland, OH | $245,499,126 | $49,958,901 |
Milwaukee Jewish Federation Inc Milwaukee, WI | $275,238,952 | $33,191,987 |
United Way Of Central Ohio Inc Columbus, OH | $30,629,493 | $27,229,926 |