Jim Joseph Foundation Biennial Report | Financials
The Jim Joseph Foundation invests in promising Jewish education grant initiatives. We partner with effective organizations that seek to inspire young people to discover the joy of living vibrant Jewish lives.
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FINANCIAL STATEMENTS

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Grants by Strategic Priority

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                            Grants by Age Cohort

TOTAL GRANTS MADE

$327,547,562

CONSOLIDATED STATEMENTS OF FINANCIAL POSITION AS OF DECEMBER 31, 2013 AND 2012 (IN THOUSANDS)

ASSETS

2013

2012

Cash and Cash Equivalents $34,175 $69,627
Investments $1,232,529 $1,144,423
Other Assets $4,093 $7,913
TOTAL ASSETS $1,270,797 $1,221,963

LIABILITIES

2013

2012

Mortgage Loans and Assessments $208,380 $225,845
Grants Payable $40,242 $55,177
Deferred Tax Liabilities $12,208 $9,503
Other Liabilities $4,595 $6,640
Total Liabilities $265,425 $297,165
Net Assets $1,005,372 $924,795
TOTAL LIABILITIES AND NET ASSETS $1,270,797 $1,221,963

CONSOLIDATED STATEMENTS OF ACTIVITIES AND CHANGES IN NET ASSETS FOR THE YEAR ENDED DECEMBER 31, 2013 AND 2012 (IN THOUSANDS)

INCOME (LOSSES)

2013

2012

Real Estate Invements $51,013 $52,849
Other Investments $57,850 $46,501
TOTAL REVENUES $108,863 $99,350

EXPENSES

2013

2012

Grants Awarded (20,846) (25,034)
Administrative Expenses (3,639) (3,201)
Federal Excise Tax Expense (income) (3,003) (2,441)
Total Expenditures (27,488) (30,676)
INCREASE NET ASSETS 81,375 68,674