The Jpb Foundation
- Assets
- $2.8b
- Revenue
- $323.9m
- Investments
- $2.4b
- Employees
- 0
- Location
- New York, NY
- Founding
- 01/2012
- Data as of
- 12/2023
- 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 12/2023, Jpb Foundation generated $323.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (10.9%) each year. All expenses for the organization totaled $458.2m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Jpb Foundation has awarded 5,022 individual grants totaling $4,929,931,449. 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 | $1,437,334 | |
April C Freilich Coo, Ex. VP | 40 | $860,202 | |
Barbara Picower President | 40 | $293,114 | |
Deepak Bhargava Pres. Elect (as Of 8/7/23) | 24 | $195,937 | |
Susan C Frunzi Trustee | 3 | $0 | |
William D Zabel Trustee (thru 04/01/23) | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Monticello Associates Inc | 12/30/23 | $900,000 |
The Northern Trust Company | 12/30/23 | $666,084 |
Gw&k Investment Management Llc | 12/30/23 | $601,901 |
Capital Guardian Trust Company | 12/30/23 | $555,901 |
Gardner Russo & Quinn Llc | 12/30/23 | $590,170 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,700,000 |
| Interest on Savings | $10,535,529 |
| Dividends & Interest | $45,551,076 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $263,934,060 |
| Capital Gain Net Income | $253,617,681 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,140,442 |
| Total Revenue | $323,861,107 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $2,786,587 |
| Other employee salaries and wages | $7,728,558 |
| Pension plans, employee benefits | $3,069,571 |
| Interest | $0 |
| Taxes | $9,311,023 |
| Depreciation | $878,911 |
| Occupancy | $2,630,499 |
| Travel, conferences, and meetings | $223,029 |
| Printing and publications | $0 |
| Other expenses | $1,137,772 |
| Total operating and administrative expenses | $34,227,121 |
| Contributions, gifts, grants paid | $424,004,240 |
| Total expenses and disbursements | $458,231,361 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,525,414 |
| Savings and temporary cash investments | $258,997,954 |
| Net Accounts receivable | $13,406 |
| 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 | $5,462 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,148,360,113 |
| Net Land, buildings, and equipment | $6,328,350 |
| Other assets | $36,672,153 |
| Total assets | $2,750,408,293 |
| Accounts payable and accrued expenses | $49,219 |
| 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 | $49,219 |
Grants Awarded
Over the last fiscal year, The Jpb Foundation has awarded $697,541,239 in support to 686 organizations.
| Grant Recipient | Amount |
|---|---|
19TH NEWS PURPOSE: THE 19TH: NEWS THAT REPRESENTS | $250,000 |
A HEALTHIER DEMOCRACY PURPOSE: GENERAL OPERATING SUPPORT | $300,000 |
ACADIA CENTER PURPOSE: FOR PROGRAMMATIC SUPPORT OF COMMUNITY OUTREACH AND ENGAGEMENT | $2,500 |
ADVANCEMENT PROJECT EDUCATION FUND PURPOSE: GENERAL OPERATING SUPPORT | $1,000,000 |
ALL VOTING IS LOCAL PURPOSE: ALL VOTING IS LOCAL | $1,000,000 |
AFRICAN AMERICAN ALLIANCE OF CDFI CEOS INC PURPOSE: COMMUNITY BUILDERS OF COLOR COALITION GHGRF SUPPORT | $500,000 |