The Jpb Foundation
- Assets
- $3.1b
- Revenue
- $422.9m
- Investments
- $2.1b
- Employees
- 0
- Location
- New York, NY
- Founding
- 01/2012
- Data as of
- 12/2021
- EIN
- 90-0747216
Organization Overview
The Jpb Foundation is located in New York, NY. The organization was established in 2012. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Jpb 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 12/2021, Jpb Foundation generated $422.9m 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 $350.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Jpb Foundation has awarded 3,173 individual grants totaling $3,048,132,748. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gerald C Mcnamara Cio | 40 | $1,705,334 | |
April C Freilich Coo, Ex. VP | 40 | $839,763 | |
Dana Bourland Svp, Environment | 40 | $435,744 | |
William W Ribbecke Vp, Investments | 40 | $429,223 | |
Michael Vaccaro CFO | 40 | $385,540 | |
Betsy Krebs Vp, Poverty | 40 | $380,078 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Monticello Associates Inc | 12/30/21 | $1,200,000 |
Gw&k Investment Management Llc | 12/30/21 | $839,043 |
Gardner Russo & Quinn Llc | 12/30/21 | $935,514 |
Capital Guardian Trust Company | 12/30/21 | $920,972 |
Goldman Sachs Asset Management Lp | 12/30/21 | $1,257,769 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,600,000 |
| Interest on Savings | $2,509,765 |
| Dividends & Interest | $33,702,830 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $378,875,442 |
| Capital Gain Net Income | $381,467,213 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,242,135 |
| Total Revenue | $422,930,172 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $2,838,211 |
| Other employee salaries and wages | $6,376,875 |
| Pension plans, employee benefits | $2,613,376 |
| Interest | $0 |
| Taxes | $5,795,130 |
| Depreciation | $1,062,463 |
| Occupancy | $2,661,831 |
| Travel, conferences, and meetings | $2,999 |
| Printing and publications | $0 |
| Other expenses | $1,063,176 |
| Total operating and administrative expenses | $31,726,966 |
| Contributions, gifts, grants paid | $318,334,395 |
| Total expenses and disbursements | $350,061,361 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,162,826 |
| Savings and temporary cash investments | $991,622,573 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,114,242,182 |
| Net Land, buildings, and equipment | $7,954,975 |
| Other assets | $3,513,421 |
| Total assets | $3,112,143,645 |
| Accounts payable and accrued expenses | $28,487 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $28,487 |
Grants Awarded
Over the last fiscal year, The Jpb Foundation has awarded $629,555,745 in support to 624 organizations.
| Grant Recipient | Amount |
|---|---|
Montgomery, AL PURPOSE: CHANGING THE NARRATIVE: RACIAL JUSTICE REFORM IN AMERICA | $17,000,000 |
New York, NY PURPOSE: BLUE MERIDIAN PARTNERS: GENERAL PARTNERSHIP | $15,961,350 |
New York, NY PURPOSE: BLUE MERIDIAN PARTNERS: GENERAL PARTNERSHIP | $15,961,350 |
Boston, MA PURPOSE: FOR THE BRIDGESPAN INSTITUTE | $12,000,000 |
New York, NY PURPOSE: REPRODUCTIVE HEALTH AND WOMEN'S RIGHTS COLLABORATIVE | $10,000,000 |
Washington, DC PURPOSE: FUNDERS FOR HOUSING AND OPPORTUNITY | $10,000,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Edna Mcconnell Clark Foundation New York, NY | $667,303,729 | $41,338,798 |
The Jpb Foundation New York, NY | $3,112,143,645 | $422,930,172 |
Phillip And Susan Ragon Foundation Cambridge, MA | $62,348,069 | $1,628,724 |
Citi Foundation New York, NY | $102,040,475 | $125,193,055 |
Longwood Gardens Inc Kennett Square, PA | $1,437,882,296 | $93,650,257 |
Peoples United Community Foundation Bridgeport, CT | $0 | $2,660,856 |
Goldman Sachs Foundation New York, NY | $0 | $131,861,636 |
Commonwealth Fund New York, NY | $0 | $69,444,117 |
The Comcast Nbcuniversal Foundation Philadelphia, PA | $16,720,236 | $25,679,760 |
Clark Foundation New York, NY | $443,485,871 | $14,281,811 |
John A Hartford Foundation New York, NY | $722,012,839 | $47,164,108 |
Blackstone Charitable Foundation New York, NY | $141,651,293 | $22,568,243 |