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Jacob Family Foundation Corp is a private corporation based in BLOOMFIELD, MI. The foundation received its IRS ruling in 1988. The principal officer is Arnold Jacob. It holds total assets of $1.3M. Annual income is reported at $283K. The foundation is governed by 2 officers and trustees. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. The foundation primarily funds organizations in Michigan and Illinois. According to available records, Jacob Family Foundation Corp has made 33 grants totaling $503K, with a median grant of $5K. The foundation has distributed between $94K and $200K annually from 2020 to 2023. Grantmaking activity was highest in 2022 with $200K distributed across 14 grants. Individual grants have ranged from $1K to $78K, with an average award of $15K. The foundation has supported 12 unique organizations. Grants have been distributed to organizations in Michigan and Illinois. Contributions to this foundation are tax-deductible.
Jacob Family Foundation Corp reported 33 individual grants totaling $503,200 between 2020 and 2023 across its IRS Form 990-PF filings, with a median grant of $5,000. Half of those grants fell between $5,000 and $15,000. Its largest single grant in the record was $78,000. Its most recent available filing, for fiscal year 2023, reports $109,938 in total giving.
Grantmaking is concentrated in MI, which received 27 of the 33 grants on record (82 percent). Of its 12 distinct grantees, 58 percent received funding more than once, so repeat relationships are the norm rather than the exception. Its largest institutional recipients were Jewish Federation Of Metropolitan Detroit ($327,000), Cranbrook Schools ($75,500) and Evans Scholars Foundation ($20,000).
Computed from 33 individual grant records (2020–2023) in this foundation's IRS Form 990-PF Part XV filings, reaching 2 states. Source: IRS 990-PF.
Smallest Grant
$3K
Median Grant
$5K
Average Grant
$16K
Largest Grant
$63K
Based on 6 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Jacob Family Foundation Corp is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 33 grants. Its grantmaking reaches organizations primarily in MI, IL.
Jacob Family Foundation Corp has distributed a total of $503K across 33 grants. The median grant size is $5K, with an average of $15K. Individual grants have ranged from $1K to $78K.
Jacob Family Foundation Corp typically selects its grantees rather than accepting unsolicited proposals.
Jacob Family Foundation Corp is headquartered in BLOOMFIELD, MI. While based in MI, the foundation distributes grants to organizations across 2 states.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Arnold M Jacob | PRES & TREAS | $0 | $0 | N/A |
| Linda T Jacob | VP & SECY | $0 | $0 | N/A |
Total Giving
$110K
Total Assets
$1.3M
Fair Market Value
$2.1M
Net Worth
$1.3M
Grants Paid
$106K
Contributions
N/A
Net Investment Income
$107K
Distribution Amount
$96K
Total: $1.1M
Total Grants
33
Total Giving
$503K
Average Grant
$15K
Median Grant
$5K
Unique Recipients
12
Most Common Grant
$5K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Jewish Federation Of Metropolitan DetroitGENERAL | Bloomfield Hills, MI | $78K | 2023 |
| Cranbrook SchoolsGENERAL | Bloomfield Hills, MI | $15K | 2023 |
| Franklin-Bingham Farms Police Benevolent FundGENERAL | Franklin, MI | $5K | 2023 |
| Gesher Human ServicesGENERAL | Southfield, MI | $5K | 2023 |
| Evans Scholars FoundationGENERAL | Glenview, IL | $3K | 2023 |
| Jvs Human ServicesGENERAL | Southfield, MI | $5K | 2022 |
| Franklin-Bingham Farms Benevolent FundGENERAL | Franklin, MI | $5K | 2022 |
| Horizons Upward BoundGENERA | Bloomfield Hills, MI | $5K | 2022 |
| Midnight GolfGENERAL | Bingham Farms, MI | $5K | 2022 |
| KadimaGENERAL | Southfield, MI | $2K | 2021 |
| Starfish Family ServicesGENERAL | Inkster, MI | $1K | 2021 |
| Jewish Womens FoundationGENERAL | Chicago, IL | $5K | 2020 |