Foundation for Jewish Day Schools of Greater Philadelphia
Foundation for Jewish Day Schools of Greater Philadelphia
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About this organization
Mission
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.
About
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.
Interesting data from their 2020 990 filing
The purpose of the non-profit is stated in the filing as “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.”.
Their activities were defined as: “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.”.
- As per legal requirements, the non-profit's state of operation is reported as PA.
- The non-profit's address in 2020 as per the filing is 2100 ARCH STREET, PHILADELPHIA, PA, 19103.
- The form of the non-profit organization shows 0 employees as of 2020.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is -$2,195,036.
- The organization has 13 independent voting members.
- The organization was formed in 2001.
- The organization pays $0 in salary, compensation, and benefits to its employees.
- The organization pays $186,024 in fundraising expenses.
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