CharityWatch reduces the grade of any charity that has available assets equal to three to five years of operating expenses. Charities with "years of available assets" of more than five years receive an "F" grade regardless of other measurements. In CharityWatch's view, a reserve of less than three years is reasonable and does not affect a charity's grade. These reductions in grades are based solely on the charities' asset reserves as compared to budget. The CharityWatch definition of "years of available assets" includes funds currently available for the charity's use, including investments that the charity has set aside as a reserve but could choose to spend if it wanted to do so. Jewish National Fund's letter grade rating has been downgraded because it has 3 or more years of available assets.
See Our Process to learn more about how CharityWatch considers a charity’s asset reserves and the High Asset List for a list of charities whose ratings have been reduced due to high assets.
| Entity | Document Type | Tax ID |
|---|---|---|
| Jewish National Fund | Audited Financial Statements | 13-1659627 |
| Jewish National Fund | IRS Form 990 | 13-1659627 |
|
Entity: Jewish National Fund Document Type: Audited Financial Statements Tax ID: 13-1659627 |
|
Entity: Jewish National Fund Document Type: IRS Form 990 Tax ID: 13-1659627 |
| Name | Title | Compensation | |
|---|---|---|---|
| 1 | Russell Robinson | CEO | $860,120 |
| 2 | Matthew Bernstein | Chief Planned Giving Officer | $693,037 |
| 3 | Yael Septee Kane | Chief Israel Advocacy and Leadership Officer | $477,472 |
|
1 Name: Russell Robinson Title: CEO Compensation: $860,120 |
|
2 Name: Matthew Bernstein Title: Chief Planned Giving Officer Compensation: $693,037 |
|
3 Name: Yael Septee Kane Title: Chief Israel Advocacy and Leadership Officer Compensation: $477,472 |
CharityWatch's rating of Jewish National Fund (JNF) includes the financial activities of the JNF "national headquarters and all of the zone offices," which are included in the JNF audited financial statements for the fiscal year ended September 30, 2023, according to audit Note 1, Nature of Organization. |
According to the Jewish National Fund (JNF) audit of September 30, 2023 (Note 2, Summary of Significant Accounting Policies, Without Donor Restrictions): "...During 2015, JNF established a JNF Board-designated fund (the JNF Initiatives Fund) with a $50 million allocation from the John and Dora Boruchin Trust. Income from this fund can be used towards general operating costs of JNF, as well as special projects and new initiatives that may not have originally been budgeted by JNF. This will allow for creativity and innovative ideas within JNF. The balance of net assets designated to the JNF Initiatives Fund as of September 30, 2023 was $63,118,839..." "During the year ended September 30, 2015, JNF received approximately $134 million from the Dora Boruchin Trust which is included as part of bequest revenue [in fiscal 2015]..." |