Jewish Endowment Fund Inc
- Assets
- $20.8m
- Revenue
- $2.1m
- Investments
- $4.0m
- Employees
- 0
- Location
- N Charleston, SC
- Founding
- 12/1996
- Data as of
- 12/2021
- EIN
- 57-1042419
Organization Overview
Jewish Endowment Fund Inc is located in N Charleston, SC. The organization was established in 1996. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Jewish Endowment Fund Inc 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 Endowment Fund Inc generated $2.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (10.4%) each year. All expenses for the organization totaled $881.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Jewish Endowment Fund Inc has awarded 91 individual grants totaling $2,801,899. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE JEWISH ENDOWMENT FOUNDATION OF GREATER CHARLESTON SUPPORTS JEWISH AND OTHER CHARITABLE CAUSES PRIMARILY IN THE CHARLESTON COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TEMPLE SINAI - IN 2016, THE FOUNDATION ASSUMED OWNERSHIP OF THE TEMPLE SINAI SYNAGOGUE BUILDING AND THE ASSOCIATED CEMETERY IN ORDER TO PRESERVE AND PROTECT THIS CORNERSTONE OF JEWISH HISTORY AND LEGACY IN SUMTER COUNTY. WHILE THE SYNAGOGUE CURRENTLY REMAINS ACTIVE UNDER INDEPENDENT MANAGEMENT, THE FOUNDATION PROVIDES FOR THE UPKEEP OF THE BUILDING AND GROUNDS. ON JUNE 2, 2018, THIS HISTORICAL LANDMARK WAS CONVERTED TO THE TEMPLE SINAI JEWISH HISTORY CENTER (SUMTER COUNTY MUSEUM) AND IS OPEN TO THE PUBLIC ON THURSDAYS AND FRIDAYS, 1:00PM TO 4:00PM, AND SATURDAYS, 10:00AM TO 1:00PM.GRANTMAKING - THROUGH A STRATEGIC PROCESS AND OVERSIGHT BY A BOARD OF TRUSTEES, JEF GRANTS HELP SUSTAIN, BUILD AND SECURE SOUTH CAROLINA'S JEWISH INSTITUTIONS AND AGENCIES. THE GRANT REQUESTS RANGE FROM OPERATIONAL SUPPORT TO NEW PROGRAMMATIC INITIATIVES. THE SUPPORT PROVIDED BY JEF THROUGH THESE GRANTS IMPACT THOUSANDS OF JEWISH LIVES AND THE BROADER COMMUNITY EVERY YEAR AND ENSURES A VIBRANT JEWISH FUTURE ACROSS THE STATE.IN 2021, THE JEWISH ENDOWMENT FOUNDATION DISBURSED 147 GRANTS AND SCHOLARSHIPS TOTALING $629,171. THESE GRANTS WERE DISTRIBUTED AS FOLLOWS: 48 GRANTS TOTALING $187,943 IN SUPPORT OF RELIGIOUS AND OTHER PHILANTHROPIC EFFORTS, 68 GRANTS TOTALING $285,736 SUPPORTING VARIOUS EDUCATIONAL PURSUITS, 20 GRANTS TOTALING $116,092 SUPPORTING HUMAN NEEDS, 9 GRANTS TOTALING $28,200 SUPPORTING HEALTH INITIATIVES, 1 GRANT FOR $200 IN SUPPORT OF SOCIAL JUSTICE INITIATIVES, AND 1 GRANT FOR $11,000 FOR OTHER PHILANTHROPIC EFFORTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terry Fisher Chair | OfficerTrustee | 1 | $0 |
Jane Litz CFO | Officer | 1 | $0 |
Richard Star Director | Trustee | 1 | $0 |
Ellis Regenbogen Director | Trustee | 1 | $0 |
Steven Goldberg Director | Trustee | 1 | $0 |
Phyllis Martin Director | Trustee | 1 | $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 | $547,818 |
| Noncash contributions included in lines 1a–1f | $54,383 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $547,818 |
| Total Program Service Revenue | $0 |
| Investment income | $506,140 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,010,612 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,064,570 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $629,171 |
| 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 | $2,563 |
| Pension plan accruals and contributions | $128 |
| Other employee benefits | $0 |
| Payroll taxes | $196 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,065 |
| Fees for services: Other | $2,300 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $157 |
| Royalties | $0 |
| Occupancy | $33,681 |
| Travel | $0 |
| 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 | $189,567 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,351 |
| All other expenses | $1,436 |
| Total functional expenses | $880,980 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $59,000 |
| Savings and temporary cash investments | $1,693,908 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,019 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $15,135,069 |
| Investments—other securities | $3,957,059 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $20,849,055 |
| Accounts payable and accrued expenses | $474 |
| Grants payable | $0 |
| 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 | $474 |
| Net assets without donor restrictions | $20,848,581 |
| 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 | $20,849,055 |
Grants Awarded
Over the last fiscal year, Jewish Endowment Fund Inc has awarded $572,912 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
Charleston, SC PURPOSE: SUPPORT OF FRIENDS OF ADDLESTONE. | $128,070 |
Charleston, SC PURPOSE: RELIGIOUS AND HUMAN NEEDS BASED OPERATIONAL GRANTS | $75,738 |
SYNAGOGUE EMANU-EL PURPOSE: GENERAL RELIGIOUS GRANT | $50,696 |
Orangeburg, SC PURPOSE: SUPPORT OF MERIT-BASED SCHOLARSHIPS | $50,000 |
Charleston, SC PURPOSE: SUPPORT FOR CHARLESTON SCN SECURITY FUND AND HURRICANE RELIEF FUND. | $47,436 |
Charleston, SC PURPOSE: SUPPORT OF EMERGENCY FINANCIAL ASSISTANCE. | $38,405 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Jewish Endowment Fund Inc has recieved totaling $11,000.
| Awarding Organization | Amount |
|---|---|
Jewish Endowment Fund Inc N Charleston, SC PURPOSE: TO BRING 616RAD TO MINIMUM | $11,000 |
Endowment Analysis
| Beg. Balance | $17,722,898 |
| Earnings | $3,344,993 |
| Admin Expense | $189,567 |
| Net Contributions | $547,818 |
| Other Expense | $52,177 |
| Grants | $629,171 |
| Ending Balance | $20,744,794 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Arthur M Blank Family Foundation Atlanta, GA | $365,187,486 | $84,889,977 |
John Bulow Campbell Foundation Atlanta, GA | $793,659,742 | $103,345,098 |
Darla Moore And Richard Rainwater Foundation Lake City, SC | $538,432,800 | $34,322,461 |
John M Belk Endowment Charlotte, NC | $344,527,989 | $19,824,991 |
C D Spangler Foundation Inc Charlotte, NC | $547,764,463 | $34,692,558 |
The Henry W Grady Health System Foundation Inc Atlanta, GA | $41,862,389 | $12,481,516 |
The Ezrah Charitable Trust Charlotte, NC | $259,414,844 | $89,054,665 |
Phil J And Alice S Sheridan Foundation Inc Macon, GA | $17,357,251 | $6,663,970 |
Davis Love Iii Foundation St Simons Island, GA | $5,238,841 | $10,992,325 |
Goodnight Educational Foundation Cary, NC | $149,468,750 | $4,782,379 |
Foundation For A Better World Inc Marietta, GA | $167,606,554 | $6,349,362 |
Skeebo Foundation Charlotte, NC | $58,827,572 | $60,108,534 |