Richmond Jewish Foundation
5403 Monument Avenue
Richmond VA 23226
Mission Statement Richmond Jewish Foundation is a primary, trusted and expert resource for planned giving and endowments in Central Virginia. We engage, educate and inspire generations of donors to create ongoing resources for charitable, religious, and educational needs. Our donors may choose legacies of Tzedakah and Tikkun Olam. We effectively steward philanthropic assets entrusted to our care.
Leadership
CEO/Executive Director Dr. Robert Nomberg
Board Chair Adam S Plotkin
Board Chair Company Affiliation Caprin Asset Management LLC
Contact Information
Address 5403 Monument Avenue
Richmond, VA 23226
Telephone 804 545-8656
Fax 804 282-7507
E-mail robert@rjfoundation.org
History and Background
Year of Incorporation 1992
Financial Summary
 
 
Projected Revenue $3,800,000.00
Projected Expenses $2,750,000.00
Statements
Mission Richmond Jewish Foundation is a primary, trusted and expert resource for planned giving and endowments in Central Virginia. We engage, educate and inspire generations of donors to create ongoing resources for charitable, religious, and educational needs. Our donors may choose legacies of Tzedakah and Tikkun Olam. We effectively steward philanthropic assets entrusted to our care.
Impact
As a people and as a community we take care of each other. Nothing was more evident this past year at the Foundation where we logged the most successful year in over a decade. We are now managing approximately $35 million in assets.  With distributions approximating $1.8 million to 199 different organizations, Our donors consistently demonstrated their support for our community here in Richmond and around the world. This generosity represents the highest grant distribution amount from the Foundation in a decade with 73% of these funds supporting our local Jewish agencies and synagogues. Over $2.1 million was donated by 240 different donors. We are now managing 223 individual funds; donor advised, endowments, gift annuities, trusts and custodial funds for our local synagogues, agencies and nonprofits. The Foundation's tax credit scholarship program experienced exponential growth in its second year. In 2014, we received over $400,000 in donations to support 129 students in 16 schools spread throughout the Commonwealth. With all this success we know there's still more work to do. We recently started a Giving Circle program to help different affinity and alumni groups and friends to join together to support the charities of their choice and the Richmond Jewish Foundation Professional Advisory Committee has been created to offer networking and educational opportunities to the many talented professional advisers in our community.
Needs N/A
Background
For over 30 years, Richmond Jewish Foundation has provided planned giving and endowment services, including agency fund administration, donor-advised funds, charitable trusts, scholarships, and more to individual donors, families, and charities interested in either Richmond area causes or matters of concern to the Jewish community. 
Areas of Service
Areas Served
Area
In a specific U.S. city, cities, state(s) and/or region.
Metro Richmond
Central Virginia
Board Chair
Board Chair Adam S Plotkin
Company Affiliation Caprin Asset Management LLC
Term May 2016 to May 2018
Email adamsplotkin@me.com
Board of Directors
Board Members
NameAffiliation
Andrew S. Brownstein Global Realty Services Group
Thomas D. Byer UBS Investment Bank
Yossi Ciment Sabra Dipping Company LLC
Miriam R. Davidow Community Volunteer
Ronald Felmus Laffer Investment, Inc.
David Fratkin Dominion Payroll Services
Frances F. Goldman The Tax Complex
David Greenberg David I. Greenberg PLC
Ruth Nathanson Greene GreeneHurlocker
Jeffrey H. Gumenick Gumenick Properties LLC
Susan Craven Johnson WKH Marketing & Communications Solutions, LLC
Rebecca Kalman-Winston Henrico CASA
Seth Kaplan Morgan Stanley
Roger F. Leibowitz Waterford Investor Services
Gail D. Moskowitz Self-employed LCSW
Adam S. Plotkin Caprin Asset Management
Walter N. Rabhan Tuckahoe Orthopaedic Associates, Ltd.
G.D. Rothenberg Wells Capital Management
Jay Schwartz The Richmond Group USA
Nannette Shor Cameron K. Gallagher Foundation
Daniel M. Siegel Sands Anderson
James L. Weinberg Hirschler Fleischer
Board Demographics - Ethnicity
African American/Black 0
Asian American/Pacific Islander 0
Caucasian 22
Hispanic/Latino 0
Native American/American Indian 0
Other 0 0
Board Demographics - Gender
Male 15
Female 7
Unspecified 0
Governance
Board Term Lengths 3
Board Term Limits 2
Written Conflict of Interest Policy? Yes
Percentage Making Monetary Contributions 94
Number of Full Board Meetings Annually 6
Other Boards
The tables below contain information about other groups that advise this nonprofit on operations and projects.
Executive Director
Executive Director Dr. Robert Nomberg
Staff
Full Time Staff 2
Part Time Staff 1
Volunteers 29
Retention Rate 100
Plans
Organization has a Strategic Plan?
Nondiscrimination Policy Yes
Whistleblower Policy Yes
Document Destruction Policy Yes
Directors and Officers Insurance Policy Yes
Programs
Description Last year the Richmond Jewish Foundation awarded grants and distributions to enhance the lives of people in central Virginia and around the world, addressing needs in such areas as education, health and human services, arts and culture, overseas relief, medical research and social action. The Foundation manages assets for other non-profits, provides gift planning services for individuals and families, and manages grant-making programs. The Foundation provides educational seminars for attorneys, accountants and related professionals.
Fiscal Year
Projected Revenue $3,800,000.00
Projected Expenses $2,750,000.00
Endowment Value $11,900,000.00
Spending Policy Percentage
Percentage (if selected) 4
Form 990s
IRS Letter of Exemption
Detailed Financials
Revenue SourcesHelpThe financial analysis involves a comparison of the IRS Form 990 and the audit report (when available) and revenue sources may not sum to total based on reconciliation differences. Revenue from foundations and corporations may include individual contributions when not itemized separately.
Fiscal Year201520142013
Foundation and
Corporation Contributions
------
Government Contributions$0$0$0
Federal------
State------
Local------
Unspecified------
Individual Contributions$923,879$1,105,110$1,647,662
------
$302,502$268,816$245,308
Investment Income, Net of Losses$533,582$2,591,180$1,759,495
Membership Dues------
Special Events------
Revenue In-Kind$794,714----
Other------
Expense Allocation
Fiscal Year201520142013
Program Expense$1,499,603$1,817,987$1,580,953
Administration Expense$329,119$161,254$159,566
Fundraising Expense$181,515$205,233$203,083
Payments to Affiliates------
Total Revenue/Total Expenses1.271.821.88
Program Expense/Total Expenses75%83%81%
Fundraising Expense/Contributed Revenue20%19%12%
Assets and Liabilities
Fiscal Year201520142013
Total Assets$35,219,902$34,806,188$31,075,844
Current Assets$28,063$184,405$100,244
Long-Term Liabilities$13,007,495$13,041,320$11,286,554
Current Liabilities$32,748$129,648$41,112
Total Net Assets$22,179,659$21,635,220$19,748,178
Short Term Solvency
Fiscal Year201520142013
Current Ratio: Current Assets/Current Liabilities0.861.422.44
Long Term Solvency
Fiscal Year201520142013
Long-Term Liabilities/Total Assets37%37%36%
Capital Campaign
Currently in a Capital Campaign? No
State Charitable Solicitaions Permit
Solicitations Permit
Solicitations Permit 11/2016View
Comments
Foundation Comments
  • Financial information provided from audit
  • Form 990 and audit prepared by Pilc & Moseley, LLC