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New York BBB Wise Giving Report for
FJC - A Foundation of Philanthropic Funds

A BBB Accredited charity

 


  • Meets all standards

Expiration Date:
08/2015
Name:
FJC - A Foundation of Philanthropic Funds
Address:
520 8th Avenue
New York City, NY 10018
Phone:
212-714-0001
Web Site:
Year, State Incorporated:
1995, New York
Affiliates:
None
Stated Purpose:
" FJC is a public charity which aims to increase and maximize the impact of charitable dollars. "






Evaluation Conclusions
 

              
FJC - A Foundation of Philanthropic Funds meets the 20 Standards for Charity Accountability.




Programs
 

              
FJC is a public charity which aims to increase and maximize the impact of charitable dollars. It intends to create innovative and customized philanthropic solutions and respond effectively to the needs and interest of donors, borrowers and other clients.



Governance
 

              
Chief Executive Officer:
Mr. Leonard Glickman, Chief Executive Officer
Compensation*:
$181,000
Chair of the Board:
Ms. Lorin Silverman
Chair's Profession / Business Affiliation:
Lo Management, LLC
Board Size:
8
Paid Staff Size:
10



*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.




Fund Raising
 

              
Method(s) Used:


Print advertisements (newspapers, magazines, etc.), internet




Tax Status
 

              
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.




Financial
 

              
The following information is based on FJC's Audited Financial Statements for the fiscal year ended March 31, 2012.

Source of Funds  

Contributions of Donor Advised Funds

$30,354,661

Loan Interest

2,517,150

Interest and Dividends

2,260,420

Management Fees

208,160

Other Income

32,928

Realized and unrealized ( losses) gains, net

(1,383,197)

Total Income

$33,990,122

Program Expenses  

Grants Made to Philanthropic Organizations

$29,447,214

Grant-Making Expense

733,100
Total Program Expenses:
Administrative Expenses

Total expenses

Income in Excess of Expenses

30,180,314
641,709

$30,822,023

$3,168,099




Uses of Funds as a % of Total Expenses


Programs: 98%    Administrative 2% 
Roll the cursor over the pie chart to see the dollar amounts.


Beginning net assets $185,485,175
Ending net assets 188,653,274
Total liabilities 27,800,850

Total assets

$216,454,124


*Total assets includes ending net assets and total liabilities. Net assets includes a total of $172,931,164 in Donor-advise funds and $15,722,110 in General funds.



 

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