Janice Michelle Foundation Inc.

The Janice Michelle Foundation Inc. is a New York-based private family foundation (EIN 11-3458719) established in 1999 and administered through JAD Consulting LLC at 61 Broadway, Suite 512, New York, NY 10006. The foundation operates as a non-operating private foundation under IRS subsection code 3, filing 990-PF returns annually with a September 30 fiscal year end. With approximately $2.3 million in total assets, it falls in the small-to-mid-tier private family foundation category. The foundation's NTEE classification code T20 indicates a general grantmaking focus. Its grantmaking strategy is characterized by privately-managed, invitation-based or personally-solicited grants with no public-facing website for open applications. The care-of address at a consulting firm suggests the foundation uses professional administration rather than maintaining its own staff. Annual distributions have ranged from approximately $62,000 to $395,000 depending on the year, with recent years (FY2022-2023) showing distributions around $108,000 annually, consistent with mandatory minimum distribution requirements for private foundations (approximately 5% of net investment assets). The foundation's investment portfolio is primarily in diversified securities managed through a financial advisor, generating dividends, interest, and occasional capital gains. Contributions from donors (likely founder/family) have averaged $100,000-$150,000 per year in recent filings, suggesting ongoing family contributions to the endowment.

Analysis of available 990-PF filings from FY2010 through FY2023 reveals consistent grantmaking patterns: Annual total distributions have ranged from approximately $62,000 (FY2018) to $395,000 (FY2012), with a strong central tendency around $88,000 to $112,000 in recent years. The foundation has maintained total assets between $1.2M and $2.4M, with the current (FY2023) fair market value of assets at approximately $2.19 million. Key financial metrics from the most recent available filing (FY2023, tax period ending September 2023): Total revenue $65,878; Total functional expenses $110,089; Total assets end of year $2,245,119; Net investment income $30,821; Distributions $107,658; Minimum investment return requirement ~$108,086. The foundation consistently meets but does not dramatically exceed its minimum distribution requirement, suggesting disciplined payout management. Investment income has been the primary revenue source in recent years, supplemented by family contributions of approximately $99,000-$150,000 per year. The foundation experienced significant capital gains in FY2022 ($215,336) and capital losses in FY2023 (-$120,062), reflecting active portfolio management. Administrative expenses are modest ($11,000-$19,000 range), indicating lean overhead and efficient use of grant funds.

The Janice Michelle Foundation Inc. can be compared to similar small New York private family foundations in the $1M-$5M asset tier:

The September fiscal year end is notable — most private foundations use December 31, making this foundation's grant cycle run October through September. The foundation's consistent donor contributions alongside investment income indicate it is actively supported by its founding family and is not simply a legacy endowment in wind-down. Compared to larger New York foundations like the New York Community Trust or smaller peers like the Bernard F. and Alva B. Gimbel Foundation, the Janice Michelle Foundation is on the smaller end but has maintained steady assets and distributions for over two decades.

Based on 990-PF filings through FY2023 (the most recent data available), recent activity highlights include: The foundation maintained approximately $2.2M in assets as of September 2023, down slightly from $2.3M the prior year, primarily due to capital losses of $120,062 in its investment portfolio in a challenging market year. Annual charitable distributions held steady at $107,658 in FY2023 and $107,494 in FY2022, suggesting a consistent grantee base or pre-committed grant schedule. The foundation received $99,000-$150,000 in new contributions from donors in FY2022 and FY2023, indicating the founding family continues to actively fund the foundation. Administrative expenses remained modest at approximately $11,000-$19,000 per year. The foundation paid a nominal excise tax of $428 on net investment income (reduced 1.39% rate under 2020 tax reform, previously 2%). The foundation has been continuously active since its 1999 founding with a ruling date of March 1999. No public program announcements, grant recipient lists, or application portals were found through public web research, consistent with a private grantmaking model. The foundation's registered agent is JAD Consulting LLC, which provides administrative services. The September 30 fiscal year end means the foundation's most active grant-review period is likely spring through summer (April-September). The most recent IRS data update was March 10, 2026, confirming active status.

Given the Janice Michelle Foundation Inc. operates as a private family foundation with no public website or open application process, the following tips apply for organizations seeking to engage: 1. Direct personal outreach is the most likely path — the foundation appears invitation-only with no public RFP process. Research JAD Consulting LLC (at 61 Broadway, Suite 512, New York, NY 10006) to identify the appropriate contact. 2. New York City focus: The foundation's New York City address and typical private family foundation profile suggests local NYC nonprofits are most likely grantees. Organizations serving arts, education, social services, or community development in New York would be the strongest candidates. 3. Relationship-based approach: Given the personal nature of family foundations of this size, introduction through board members, legal counsel, or accountants who know the family will be far more effective than cold outreach. 4. Grant size expectations: Based on annual distributions of approximately $107,000-$112,000 and a diversified grantee base, individual grants likely range from $2,500 to $25,000, with occasional larger commitments for special projects or long-term grantee relationships. 5. Fiscal year timing: The September 30 fiscal year end suggests grant decisions may be made in spring/summer (April-August) to align with fiscal year planning. Approaching in Q1 (January-March) with proposals may align best with their budget cycle. 6. 990-PF research: Request copies of Part XV (Supplementary Information) from prior 990-PF filings through the IRS or Candid/GuideStar to identify actual past grantees — this data was not publicly accessible in machine-readable format but is contained in the PDF filings.