Organizations Filed Purposes:
TO MAXIMIZE THE IMPACT OF CHARITABLE DOLLARS; CREATE INNOVATIVE AND CUSTOMIZEZD SOLUTIONS; AND TO RESPOND TO THE NEEDS OF DONORS, NFP BORROWERS AND OTHER CHARITABLE AGENCIES.
FJC FOCUSES ON CREATIVE PHILANTHROPY AND HELPS DONORS ENJOY MORE IMPACT VALUE FOR EVERY DOLLAR THEY GIVE, WHILE WORKING HARD TO ENSURE THOSE DOLLARS GO FURTHER. FJC WAS AN EARLY ADOPTER TO THE DONOR ADVISED FUND MODEL OVER 20 YEARS AGO BECAUSE OF ITS POTENTIAL TO RESHAPE HOW PHILANTHROPY CAN WORK HARDER. DONATIONS ARE CREDITED TO A PHILANTHROPIC ACCOUNT WHERE THE DONORS MAY RECOMMEND BOTH HOW THE FUNDS ARE INVESTED AND WHICH 501(3) ORGANIZATION WILL RECEIVE GRANTS. FJC PROVIDES FULL MANAGEMENT OF THESE ACCOUNTS AND REVIEWS ALL GRANT RECOMMENDATIONS. ADDITIONALLY, FJC'S FISCAL-SPONSORSHIP PROGRAM HELPS INCUBATE NONPROFITS. THIS PROGRAM ALLOWS FOR NONPROFIT PROJECTS WHO HAVE NOT YET RECEIVED THEIR EXEMPT STATUS TO RECEIVE TAX-DEDUCTIBLE CONTRIBUTIONS UNDER FJC'S 501(C)(3) STATUS. ADDITIONALLY, FJC PROVIDES PAYMENT SERVICES TO FUND THESE PROJECT'S GRANTS AND EXPENDITURES.
FJC'S AGENCY LOAN FUND HAS ADVANCED OVER $280 MILLION IN LOANS TO OVER 200 NON-PROFIT ORGANIZATIONS GLOBALLY. ALL INTEREST AND PRINCIPAL PAYMENTS RECEIVED IS RECYCLED FOR PHILANTHROPIC PURPOSES. LOAN SIZES RANGE FROM $10,000 UP TO $4,000,000 AND ARE TYPICALY OBTAINED TO FUND CAPITAL PROJECTS, TO BRIDGE CONTRACT OR GRANT RECEIVABLES AND TO EVEN OUT CASHFLOW OR ADDRESS SHORT-TERM NEEDS. LOAN TERMS ARE UP TO FIVE YEARS AND INTEREST IS CHARGED AT A RATE OF PRIME PLUS 3%. FOR THE FISCAL-YEAR ENDING MARCH 31, 2020, FJC HAD 31 LOANS OUTSTANDING WITH TOTAL PRINCIPAL AND ACCRUED INTEREST DUE OF $35,178,708. IN ADDITION, FJC HAS ENTERED INTO LOAN AGREEMENTS WITH NON-PROFIT ORGANIZATIONS THROUGH CUSTOMIZED LOANS DISBURSED THROUGH DONOR-ADVISED FUNDS THROUGH DONOR RECOMMENDATION. FOR THE FISCAL-YEAR ENDING MARCH 31, 2020, FJC HAD 7 OUTSTANDING CUSTOMIZED LOANS WITH A TOTAL PRINCIPAL AND ACCRUED INTEREST BALANCE OF $759,080.
Executives Listed on Filing
Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing
| Name | Title | Hours Per Week | Total Salary |
|---|
| Mark Cohen | ASST. SECRETARY, CHIEF LEGAL OFFICER | 40 | $192,342 |
| Meghan Hudson | COO | 40 | $136,495 |
| Orlando Colon | CONTROLLER | 40 | $117,834 |
| Samuel Marks | CEO (FROM 08/19) | 40 | $96,529 |
| Regina A Rodriguez | CFO/CIO (FROM 12/19) | 40 | $8,909 |
| Gary Finger | DIRECTOR | 1 | $0 |
| Amber Randolph | DIRECTOR | 1 | $0 |
| Ronna Brown | DIRECTOR | 1 | $0 |
| Philip Schatten | DIRECTOR (OUTGOING) | 1 | $0 |
| Neal Myerberg | DIRECTOR | 1 | $0 |
| Lorin Silverman | DIRECTOR, PRESIDENT & TREASURER | 10 | $0 |
| Jonathan Gold | DIRECTOR | 1 | $0 |
| Jim Rothkopf | DIRECTOR | 1 | $0 |
| Henry Bubel | DIRECTOR & SECRETARY | 1 | $0 |
Data for this page was sourced from XML published by IRS (
public 990 form dataset) from:
https://s3.amazonaws.com/irs-form-990/202100479349301310_public.xml