EIN 13-3848582

FJC - A Foundation of Philanthropic Funds

IRS 501(c) type
501(c)(3)
Num. employees
12
Year formed
1995
Most recent tax filings
2022-03-01
NTEE code, primary
Description
FJC has established over 1,000 donor advised fund accounts and manages over $200 million in assets. They have distributed over $270 million in grants to charities around the world in more than 25 countries.
Also known as...
FJC
Total revenues
$65,059,967
2022
Total expenses
$59,498,855
2022
Total assets
$381,397,057
2022
Num. employees
12
2022

Program areas at FJC - A Foundation of Philanthropic Funds

Donor advised Funds & specialized accounts. FJC provides A boutique, customizable service to its account holders, collaborating with imaginative donors who seek more creative approaches. While most account holders at FJC use donor advised fund (daf) accounts fairly conventionally (recommending grants to their favorite charities), we accommodate donors who want to deploy Funds as loans, recoverable grants, or impact investments. We have hosted funder collaboratives, scholarship and award programs, and other variations on Philanthropic accounts that meet the needs of both donors and an evolving nonprofit sector.
Agency loan fund. A bespoke impact investment offered to our donors as part of our standard investment menu, FJC's agency loan fund (alf) allows donors the opportunity to invest A portion of their accounts in loans to A diversified pool of nonprofit organizations. FJC staff originate and underwrite these loans, which are approved by A subcommittee of FJC, who maintain rigorous credit standards. In addition to FJC's rigorous credit standards, credit enhancement on the pool protects donors from principal losses. Since inception, FJC has deployed over $380 million in loans through alf. FJC currently has $21.9 million in loans outstanding with 21 nonprofit borrowers.
Fiscal sponsorship. FJC incubates A wide range of nonprofit organizations and projects that have not received their 501(c)(3) status. Our scaled platform provides operational efficiencies to participants, allowing them to receive tax deductible contributions and distribute Funds as grants or vendor payments. While some organizations "graduate" from our fiscal sponsorship and receive their own 501(c)(3) designation, others prefer to stay with FJC to take advantage of our cost-effective services. The program is flexible regarding mission, serving organizations who focus on arts, education, social services, health, religion, the environment, and more.
Efa - assets held for others: assets held for others are Funds received from not-for-profit organizations, some of which have transferred Funds to FJC for the purpose of investing in FJC's agency loan fund, which is available to provide secured interest-bearing loans to charitable organizations. These Funds can be redeemed by the participants in accordance with FJC's policies. FJC does not have variance power over the use of these assets. Assets held for others are subject to A management fee up to 1% annually based upon Funds investment allocation.

Grants made by FJC - A Foundation of Philanthropic Funds

GranteeGrant descriptionAmount
New York Public Library (NYPL)Unrestricted General Support$3,004,120
Congregation RachmistrivkaUnrestricted General Support$1,500,000
The Nature ConservancyUnrestricted General Support$1,232,346
...and 539 more grants made totalling $30,022,267

Who funds FJC - A Foundation of Philanthropic Funds

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
The Carl Marks FoundationGeneral & Unrestricted$1,300,000
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$590,588
Seattle FoundationNyc Fund To End Youth and Family Homelessness; See Transmittal Letter for Detail$560,000
...and 50 more grants received totalling $5,713,299

Personnel at FJC - A Foundation of Philanthropic Funds

NameTitleCompensation
Samuel MarksChief Executive Officer$252,905
Meghan HudsonChief Operating Officer / Director of Financial Services$150,557
Regina A RodriguezChief Financial Officer and Chief Information Officer$176,397
Mark CohenAssistant Secretary , Chief Legal Officer / Chief Legal Officer and Assistant Secretary$209,102
Orlando ColonAssistant Controller$130,390
...and 5 more key personnel

Financials for FJC - A Foundation of Philanthropic Funds

RevenuesFYE 03/2022
Total grants, contributions, etc.$52,895,068
Program services$2,615,290
Investment income and dividends$4,571,417
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$4,978,192
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$65,059,967

Form 990s for FJC - A Foundation of Philanthropic Funds

Fiscal year endingDate received by IRSFormPDF link
2021-032022-03-02990View PDF
2021-032022-02-15990View PDF
2020-032021-04-12990View PDF
2019-032020-09-22990View PDF
2018-032019-04-16990View PDF
...and 7 more Form 990s
Data update history
May 27, 2023
Used new vendors
Identified 2 new vendors, including , and
May 7, 2023
Received grants
Identified 2 new grant, including a grant for $35,000 from Jewish Federation of Greater Philadelphia (JFGP)
February 3, 2023
Posted financials
Added Form 990 for fiscal year 2021
August 3, 2022
Received grants
Identified 17 new grant, including a grant for $420,000 from Edgar M Leventritt Foundation
October 1, 2021
Received grants
Identified 7 new grant, including a grant for $40,000 from Nash Charity Foundation
Nonprofit Types
Grantmaking organizationsCharities
Issues
No issues found
Characteristics
Operates donor advised fundsProvides grantsOperates internationallyNational levelEndowed supportTax deductible donationsFiscal sponsor
General information
Address
225 W 39th St 12th Floor
New York, NY 10018
Metro area
New York-Newark-Jersey City, NY-NJ-PA
Website URL
fjc.org/ 
Phone
(212) 714-0001
Facebook page
fjc1995 
Twitter profile
@fjc_foundation 
IRS details
EIN
13-3848582
Fiscal year end
March
Taxreturn type
Form 990
Year formed
1995
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T30: Public Foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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