Organizations Filed Purposes:
THE FOUNDATION FOR JEWISH DAY SCHOOLS OF GREATER PHILADELPHIA (THE FOUNDATION), CREATED BY THE JEWISH FEDERATION OF GREATER PHILADELPHIA IN PARTNERSHIP WITH THE REGIONAL JEWISH DAY SCHOOLS, IS AN IRS-RECOGNIZED 501(C)(3) NON-PROFIT ORGANIZATION, WHOSE MISSION IS TO PROVIDE NEEDS-BASED SCHOOL SCHOLARSHIPS, WITH AN EXPANDED OPPORTUNITY TO SUPPORT ENHANCED CURRICULUM CONTENT FOR PUBLIC SCHOOL STUDENTS.
THE FOUNDATION FOR JEWISH DAY SCHOOLS OF GREATER PHILADELPHIA (THE FOUNDATION) IS COMMITTED TO ASSISTING FAMILIES PRIMARILY IN THE GREATER PHILADELPHIA AREA OBTAIN A JEWISH DAY SCHOOL AND/OR PRE-SCHOOL EDUCATION FOR THEIR CHILDREN.THE FOUNDATION RECOGNIZES THAT A JEWISH EDUCATION AT A DAY SCHOOL AND/OR PRE-SCHOOL IS AN ESSENTIAL WAY OF PROMOTING AND STRENGTHENING JEWISH IDENTITY WITH JEWISH CHILDREN AND SECURING THE FUTURE OF THE JEWISH COMMUNITY.THE FOUNDATION - IN COLLABORATION WITH THE JEWISH FEDERATION OF GREATER PHILADELPHIA, LOCAL JEWISH DAY SCHOOLS AND PRE-SCHOOLS - SHALL PROVIDE SCHOLARSHIP AWARDS TO ELIGIBLE STUDENTS AT JEWISH DAY SCHOOLS AND PRE-SCHOOLS PRIMARILY IN THE GREATER PHILADELPHIA AREA.THE FOUNDATION, IN ACCORDANCE WITH BEING AN APPROVED EDUCATION IMPROVEMENT ORGANIZATION, PROVIDES GRANTS FOR INNOVATIVE EDUCATIONAL PROGRAMS TO, OR IN CONJUNCTION WITH, PUBLIC SCHOOLS.
THE FOUNDATION AWARDED $8,314,015 IN NEEDS-BASED SCHOLARSHIPS TO 950 DAY SCHOOL STUDENTS FROM LOW- AND MODERATE-INCOME HOUSEHOLDS WHO QUALIFIED FOR THE EDUCATIONAL IMPROVEMENT TAX CREDIT (EITC) PROGRAM OF THE COMMONWEALTH OF PENNSYLVANIA.CERTAIN AMOUNTS OF CONTRIBUTIONS, WITHIN ALLOWABLE LIMITS OF PROGRAM GUIDELINES, WERE SET ASIDE TO CREATE "RESERVE FUNDS" TO CREATE A SUPPLEMENTAL SOURCE FOR NEEDS-BASED SCHOLARSHIPS BASED ON CERTAIN TRIGGERING EVENTS, AS DEFINED: 1. A LEGISLATIVE OR GOVERNMENTAL CHANGE CREATES A NEGATIVE IMPACT ON THE PROGRAM 2. ONCE THE TOTAL OF THE SCHOOL'S RESERVE FUNDS HAS REACHED AN AMOUNT OF OVER 50% OF THE AVERAGE OF DAY SCHOOL'S PRECEDING THREE YEARS OF EITC/OSTC CONTRIBUTIONS, SCHOOL MAY DISTRIBUTE FUNDS TO STUDENTS WHO ARE PENNSYLVANIA RESIDENTS ACCORDING TO DAY SCHOOL'S CRITERIA FOR DETERMINING FINANCIAL NEED, OR ACCORDING TO THE STATE'S CRITERIA ALREADY FOLLOWED BY THE FOUNDATION, AT THE SCHOOL DISCRETION.RESERVE FUNDS ARE TO BE HELD AND INVESTED EITHER BY THE DAY SCHOOL OR BY THE FOUNDATION UNTIL A TRIGGERING EVENT IS MET. RESERVE FUNDS WERE DISTRIBUTED TO DAY SCHOOLS, WHICH ELECTED TO HOLD, INVEST AND MANAGE ITS RESERVE FUNDS IN THE AMOUNT OF $784,777.
THE FOUNDATION AWARDED $756,264 IN NEEDS-BASED SCHOLARSHIPS TO 240 PRE-SCHOOL STUDENTS FROM LOW- AND MODERATE-INCOME HOUSEHOLDS WHO ATTEND PRE-SCHOOLS THAT FOSTER JEWISH IDENTITY IN THE GREATER PHILADELPHIA AREA AND WHO QUALIFY FOR THE PRE-K EDUCATIONAL IMPROVEMENT TAX CREDIT PROGRAM OF THE COMMONWEALTH OF PENNSYLVANIA.
THE FOUNDATION AWARDED $1,980,048 IN NEEDS-BASED SCHOLARSHIPS TO 258 DAY SCHOOL STUDENTS WHO LIVE WITHIN THE CATCHMENT AREA OF ONE OF THE 15% POOREST PERFORMING SCHOOLS IN THE COMMONWEALTH OF PENNSYLVANIA AS ALLOWED UNDER THE OPPORTUNITY SCHOLARSHIP TAX CREDIT (OSTC) PROGRAM OF THE COMMONWEALTH OF PENNSYLVANIA. THE FOUNDATION AWARDED AN ADDITIONAL $70,689 IN NEEDS-BASE SCHOLARSHIPS TO 27 STUDENTS WHICH MET EITC ELIGIBILITY REQUIREMENTS, AND WERE NOT OSTC ELIGIBLE, USING "CONTINGENCY" FUNDS CREATED THROUGH THE OSTC FUNDS. AN ADDITIONAL 5 STUDENTS WHO WERE NEITHER EITC OR OSTC ELIGIBLE RECEIVED $26,140 IN SCHOLARSHIPS FROM REMAINING "CONTINGENCY" FUNDS.CERTAIN AMOUNTS OF CONTRIBUTIONS, WITHIN ALLOWABLE LIMITS OF PROGRAM GUIDELINES, WERE SET ASIDE TO CREATE "RESERVE FUNDS" TO CREATE A SUPPLEMENTAL SOURCE FOR NEEDS-BASED SCHOLARSHIPS BASED ON CERTAIN TRIGGERING EVENTS, AS DEFINED: 1. A LEGISLATIVE OR GOVERNMENTAL CHANGE CREATES A NEGATIVE IMPACT ON THE PROGRAM 2. ONCE THE TOTAL OF THE SCHOOL'S RESERVE FUNDS HAS REACHED AN AMOUNT OF OVER 50% OF THE AVERAGE OF DAY SCHOOL'S PRECEDING THREE YEARS OF EITC/OSTC CONTRIBUTIONS, SCHOOL MAY DISTRIBUTE FUNDS TO STUDENTS WHO ARE PENNSYLVANIA RESIDENTS ACCORDING TO DAY SCHOOL'S CRITERIA FOR DETERMINING FINANCIAL NEED, OR ACCORDING TO THE STATE'S CRITERIA ALREADY FOLLOWED BY THE FOUNDATION, AT THE SCHOOL DISCRETION.RESERVE FUNDS ARE TO BE HELD AND INVESTED EITHER BY THE DAY SCHOOL OR BY THE FOUNDATION UNTIL A TRIGGERING EVENT IS MET. RESERVE FUNDS WERE DISTRIBUTED TO DAY SCHOOLS, WHICH ELECTED TO HOLD, INVEST AND MANAGE ITS RESERVE FUNDS IN THE AMOUNT OF $88,458.THE FOUNDATION RECEIVED $257,000 FROM A DONOR WHICH WAS OUT OF COMPLIANCE WITH DCED REGULATIONS. SINCE THE FOUNDATION COULD NOT DISTRIBUTE THESE FUNDS WITHIN THE EITC/OSTC PARAMETERS, THE FUNDS WERE SENT - IN FULL - TO THE SCHOOLS TO WHICH THE DONOR REQUESTED THEY BE DIRECTED. THEREFORE THESE FUNDS ARE NOT CONSIDERED PART OF A STUDENT EITC/OSTC DISTRIBUTION AS PER DCED REGULATIONS.
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 |
|---|
| David Kaplan | MEMBER | 1 | $0 |
| Shmuel Grunberger | MEMBER | 1 | $0 |
| Michael Willner | MEMBER | 1 | $0 |
| Sholomo Troodler | MEMBER | 1 | $0 |
| Jeffery Retig | MEMBER | 1 | $0 |
| David Rentz | MEMBER | 1 | $0 |
| Robert Lipstein | MEMBER | 1 | $0 |
| Yonina Bendheim Jacobson | MEMBER | 1 | $0 |
| Howard Herzberg | MEMBER | 1 | $0 |
| Amir Goldman | MEMBER | 1 | $0 |
| Joe Glassman | MEMBER | 1 | $0 |
| Scott Barsky | MEMBER | 1 | $0 |
| Rachel A Gross Esq | MEMBER/SECRETARY | 1 | $0 |
| Elliot Holtz | CHAIRMAN | 8 | $0 |
Data for this page was sourced from XML published by IRS (
public 990 form dataset) from:
https://s3.amazonaws.com/irs-form-990/202041959349303349_public.xml