Jewish Community Foundation Of New Mexico

Organization Overview

Jewish Community Foundation Of New Mexico is located in Albuquerque, NM. The organization was established in 2014. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Jewish Community Foundation Of New Mexico 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, Jewish Community Foundation Of New Mexico generated $1.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $476.3k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Jewish Community Foundation Of New Mexico has awarded 122 individual grants totaling $2,293,176. 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 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO BUILD AND PERPETUATE SUPPORT FOR A VIBRANT, CARING JEWISH COMMUNITY THROUGH PARTNERSHIPS WITH DONORS AND ORGANIZATIONS. THE FOUNDATION RECEIVES, ADMINISTERS AND DISPOSES OF FUNDS FOR CHARITABLE PURPOSES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FOUNDATION PROVIDES PHILANTHROPIC SERVICES FOR INDIVIDUAL DONORS AND NONPROFIT ORGANIZATIONS IN THE JEWISH COMMUNITY. SERVICES INCLUDE GRANT MAKING, FIELD OF INTEREST RESEARCH, CONSULTATIONS WITH PROFESSIONAL ADVISORS, FUND INVESTMENT, MANAGEMENT AND REPORTING. IN ADDITION, THE FOUNDATION SHARES EDUCATIONAL INFORMATION ABOUT CHARITABLE/LEGACY PLANNING, FUNDING IDEAS AND CHARITABLE OPPORTUNITIES IN THE JEWISH AND BROADER COMMUNITIES.ACCOMPLISHMENTS INCLUDE:FOUNDATION DISTRIBUTED GRANTS FROM NET ASSETS TOTALING $356,845 TO 146 CHARITABLE ORGANIZATIONS. GRANTS ADDRESSED NEEDS IN A VARIETY OF AREAS INCLUDING HEALTH, HUMAN SERVICES, EDUCATION, RELIGION, CULTURE, ENVIRONMENT AND THE ARTS. TWO COLLEGE SCHOLARSHIPS AND ONE CAMP SCHOLARSHIP WERE AWARDED ON BEHALF OF NEW MEXICO YOUTH.FOUNDATION STAFF HELPED EDUCATE THE JEWISH COMMUNITY ABOUT CHARITABLE PLANNING AND WORKED WITH DONORS TO DEVELOP LEGACY PLANS AND OPEN FUNDS TO SUPPORT CHARITABLE ORGANIZATIONS AND CAUSES NOW AND INTO THE FUTURE. FOUNDATION CONTINUED INTO THE FOURTH YEAR OF THE FOUR-YEAR LIFE & LEGACY ENDOWMENT DEVELOPMENT PROGRAM IN PARTNERSHIP WITH HAROLD GRINSPOON FOUNDATION. LIFE & LEGACY, A PROVEN, SUCCESSFUL INITIATIVE IN 60+ OTHER COMMUNITIES THROUGHOUT NORTH AMERICA, PROMOTES AFTER-LIFETIME GIVING TO BENEFIT JEWISH ORGANIZATIONS. THE PROGRAM EMPHASIZES STEWARDSHIP AND FORMALIZATION OF LEGACY GIFTS AND PROMOTES A COLLABORATIVE APPROACH THAT STRENGTHENS THE ENTIRE COMMUNITY. NINE JEWISH ORGANIZATIONS (7 IN ALBUQUERQUE AND 2 IN SANTA FE) ARE PARTICIPATING. AS OF DECEMBER 31, 2021, THE PROGRAM HAD GENERATED LEGACY GIFTS WITH AN ESTIMATED VALUE OF $5.8 MILLION AND $721,500 OF REALIZED ENDOWMENT GIFTS. FOUNDATION MANAGED INVESTMENTS TO MAXIMIZE RETURNS CONSISTENT WITH ITS INVESTMENT AND DISTRIBUTION POLICIES.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Board, Officers & Key Employees

Name (title)Compensation
Erika Rimson
Executive Dir.
$43,200
Sarah Newman
Secretary/dir
$0
Bob Davis
Treasurer/dir
$0
Jay Rosenblum
Chair/director
$0
Terry Lee Heller
Director
$0
Vivian Skadron
Director
$0

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$880,159
Noncash contributions included in lines 1a–1f $166,735
Total Revenue from Contributions, Gifts, Grants & Similar$880,159
Total Program Service Revenue$46,356
Investment income $267,351
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $35,441
Net Income from Fundraising Events -$2,131
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,227,176

Grants Awarded

Over the last fiscal year, Jewish Community Foundation Of New Mexico has awarded $243,603 in support to 12 organizations.

Grant RecipientAmount

CONGREGATION BNAI ISRAEL

Org PageRecipient Profile

Albuquerque, NM

PURPOSE: GENERAL SUPPORT

$50,591

JEWISH FEDERATION OF NM

Org PageRecipient Profile

Albuquerque, NM

PURPOSE: GEN'L SUPPORT;SOC SVCS;EDUCATION

$36,717

JEWISH COMMUNITY CENTER ABQ

Org PageRecipient Profile

Albuquerque, NM

PURPOSE: GENERAL SUPPORT;SOCIAL SERVICES

$35,289

CONGREGATION ALBERT

Org PageRecipient Profile

Albuquerque, NM

PURPOSE: GENERAL SUPPORT AND EDUCATION

$35,253

ROADRUNNER FOOD BANK

Org PageRecipient Profile

Albuquerque, NM

PURPOSE: GENERAL SUPPORT

$29,550

JEWISH COMMUNITY FOUNDATION

Org PageRecipient Profile

Albuquerque, NM

PURPOSE: GENERAL SUPPORT

$16,822
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Jewish Community Foundation Of New Mexico has recieved totaling $34,822.

Awarding OrganizationAmount
Jewish Community Foundation Of New Mexico

Albuquerque, NM

PURPOSE: GENERAL SUPPORT

$16,822
The Jewish Federation Of New Mexico

Albuquerque, NM

PURPOSE: SEE PART IV

$10,000
Minneapolis Foundation

Minneapolis, MN

PURPOSE: DONOR-RECOMMENDED, PHILANTHROPY

$8,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$3,272,893
Earnings$486,801
Admin Expense$39,323
Net Contributions$779,373
Grants$318,545
Ending Balance$4,181,199

Create an account to unlock the data you need.

or