Raymond James Charitable Endowment Fund
- Assets
- $1.2b
- Revenue
- $358.5m
- Investments
- $0.0
- Employees
- 0
- Location
- St Petersburg, FL
- Founding
- 08/2000
- Data as of
- 03/2021
- EIN
- 59-3652538
Raymond James Charitable Endowment Fund Overview
Raymond James Charitable Endowment Fund is located in St Petersburg, FL. The organization was established in 2000. According to its NTEE Classification (T30) the organization is classified as: Public 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.
For the year ending 03/2021, Raymond James Charitable Endowment Fund generated $358.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 27.1% each year . All expenses for the organization totaled $174.5m during the year ending 03/2021. While expenses have increased by 25.0% per year over the past 6 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, Raymond James Charitable Endowment Fund has awarded 22,457 individual grants totaling $571,262,436. 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
SUPPORTING PHILANTHROPY THROUGH DONOR ADVISED FUNDS THAT SIMPLIFY GIVING AND MAXIMIZE IMPACT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE RJCEF OPERATES DONOR-ADVISED FUNDS AS THE MAJOR PART OF ITS CHARITABLE OPERATIONS AND CONDUCTS ITS FUNDS IN ACCORDANCE WITH THE REQUIREMENTS IMPOSED FOR THE MAINTENANCE OF SUCH FUNDS. DURING THE CURRENT FISCAL YEAR, THE RJCEF ADDED APPROXIMATELY 850 DONOR ADVISED FUNDS INCREASING THE NUMBER OF DONOR ADVISED ACCOUNTS TO APPROXIMATELY 6,350. THE RJCEF MADE GRANTS TO DIFFERENT 501(C)(3) PUBLIC CHARITIES TOTALING $157,929,419 DURING THE FISCAL YEAR. IN ADDITION, GRANTS TOTALING $9,041,043 WERE ACCRUED DURING THE PERIOD BUT UNPAID AS OF THE FISCAL YEAR END. TOTAL GRANT EXPENSE PAID OR ACCRUED AMOUNTED TO $166,970,462 OR 22% OF THE BEGINNING OF THE YEAR NET ASSETS.THE GRANTS WERE MADE TO ORGANIZATIONS IN THE FOLLOWING BROAD CATEGORIES:33% FAITH BASED ORGANIZATIONS22% EDUCATION AND SCHOOL ORGANIZATIONS20% SOCIAL SERVICES ORGANIZATIONS10% VARIOUS OTHER PUBLIC CHARITABLE ORGANIZATIONS 7% MEDICINE AND SCIENCE ORGANIZATIONS 4% ARTS, CULTURE AND MUSEUM ORGANIZATIONS 4% ENVIRONMENT AND ANIMAL ORGANIZATIONS
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Raymond James Charitable Endowment Fund Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Wilkins Chairman/trustee | OfficerTrustee | 5 | $15,500 |
Nicole Johnson Trustee | Trustee | 5 | $15,500 |
Frances Neu Trustee | Trustee | 5 | $10,350 |
Erik Fruland Trustee | Trustee | 5 | $0 |
Michelle Lynch Trustee | Trustee | 5 | $0 |
Raymond James Charitable Endowment Fund Vendors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Raymond James Trust Na Investment Management Services And Admin | 3/30/21 | $6,015,017 |
Raymond James & Associates Inc Investment Management | 3/30/21 | $575,761 |
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 | $311,012,032 |
| Noncash contributions included in lines 1a–1f | $170,470,659 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $311,012,032 |
| Total Program Service Revenue | $0 |
| Investment income | $25,519,919 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $21,970,568 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $358,502,519 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $166,970,462 |
| 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. | $45,000 |
| Compensation of current officers, directors, key employees. | $45,000 |
| 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 | $17,763 |
| Fees for services: Accounting | $47,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,876,139 |
| Fees for services: Other | $3,444,745 |
| Advertising and promotion | $4,527 |
| Office expenses | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $70,500 |
| All other expenses | $0 |
| Total functional expenses | $174,499,560 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $209,008 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,586,049 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,145,021,373 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,954,454 |
| Total assets | $1,158,770,884 |
| Accounts payable and accrued expenses | $2,298,216 |
| Grants payable | $9,041,043 |
| Deferred revenue | $828,248 |
| 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 | $1,217,467 |
| Total liabilities | $13,384,974 |
| Net assets without donor restrictions | $1,115,290,582 |
| Net assets with donor restrictions | $30,095,328 |
| 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 | $1,158,770,884 |
Raymond James Charitable Endowment Fund Grants Awarded
Over the last fiscal year, Raymond James Charitable Endowment Fund has awarded $151,348,709 in support to 5,350 organizations.
| Grant Recipient | Amount |
|---|---|
San Francisco, CA PURPOSE: GENERAL USE AND/OR SPECIAL FUND/PROJECT | $2,402,568 |
Iowa City, IA PURPOSE: GENERAL USE AND/OR SPECIAL FUND/PROJECT | $2,063,250 |
Alexandria, VA PURPOSE: GENERAL USE AND/OR SPECIAL FUND/PROJECT | $2,026,870 |
Stockton, CA PURPOSE: GENERAL USE AND/OR SPECIAL FUND/PROJECT | $2,000,000 |
CHURCH OF JESUS CHRIST OF LATTER-DAY SAINTS PURPOSE: GENERAL USE AND/OR SPECIAL FUND/PROJECT | $1,953,148 |
Princeton, NJ PURPOSE: GENERAL USE AND/OR SPECIAL FUND/PROJECT | $1,789,743 |
Raymond James Charitable Endowment Fund Grants Recieved
Over the last fiscal year, we have identified 2 grants that Raymond James Charitable Endowment Fund has recieved totaling $16,000.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $15,000 |
Royal Foundation Inc South Bay, FL PURPOSE: CONTINUED SUPPORT | $1,000 |
Endowment Analysis
| Beg. Balance | $4,083,992 |
| Earnings | $1,217,577 |
| Grants | $165,352 |
| Ending Balance | $5,136,217 |
Raymond James Charitable Endowment Fund Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Raymond James Charitable Endowment Fund St Petersburg, FL | $1,158,770,884 | $358,502,519 |
The Miami Foundation Inc Miami, FL | $358,919,569 | $71,214,256 |
Ninth District Opportunity Inc Gainesville, GA | $14,990,346 | $44,330,792 |
Jupiter Medical Center Foundation Inc Jupiter, FL | $157,579,536 | $33,172,425 |
Trustbridge Global Foundation Usa Inc Clearwater, FL | $47,583,336 | $21,743,388 |
The Legacy Foundation At Shell Point Inc Fort Myers, FL | $9,570,857 | $18,882,614 |
Programa De Ayuda Humanitaria Para Venezuela Weston, FL | $11,313 | $11,170,863 |
Scintilla Charter Academy Inc Valdosta, GA | $13,875,587 | $6,220,294 |
Wellstar Foundation Inc Marietta, GA | $30,643,336 | $9,116,090 |
Tampa-Orlando-Pinellas Jewish Foundation Inc Tampa, FL | $54,977,423 | $5,406,358 |
Consortium Of Florida Education Foundations Inc Gainesville, FL | $1,204,122 | $5,873,511 |
Nema Foundation Inc Tallulah Falls, GA | $12,461,125 | $9,519,216 |