2008 Annual Report - Jewish Foundation of Memphis

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2007 Financial Report Statement of Financial Position The following statement of position was obtained from audited financial statements. A copy of the entire audit, prepared by Cannon & Company, CPA is available by contacting the Jewish Foundation of Memphis. DECEMBER 31, 2007 Assets Assets Cash and Cash Equivalents $ 239,179 Contributions Receivable 2,996 Investments 19,560,553 Charitable Remainder Unitrust - Temporarily Restricted 526,452 Furniture and Equipment, Less Accumulated Depreciation 83,460 Cash Surrender Value of Life Insurance 553,907 Total Assets $ 20,966,547 Liabilities and Net Assets Liabilities Accounts Payable and Accrued Expenses $ 9,364 Assets Held for Others 7,604,023 Liability Under Unitrust Agreement 303,527 Annuity Liability 102,113 Total Liabilities $ 8,019,027 Net Assets Unrestricted: Donor Advised $ 11,448,720 Temporarily Restricted 1,498,800 Total Net Assets $ 12,947,520 Total Liabilities and Net Assets $ 20,966,547 2007 Grant Distributions by Type of Organization Partner Agencies (list on page 2) 63% $ 2,264,100 Local Jewish (non-partner agencies) 4% 138,696 Local Secular Organizations 14% 599,439 National and Out-of-State Jewish Organizations 17% 426,126 National and Out-of-State Secular 4% 157,677 100.00% $3,586,040 The Jewish Foundation of Memphis is not engaged in rendering legal or tax advisory services. Individuals considering endowment gifts to the Foundation or to participating organizations should obtain the services of a financial advisor , such as an at torney, certified public accountant, or chartered life underwriter . 16
Leadership Board of Directors Ronna Newburger President Marlin Graber Vice President Kay Usdan Saslawsky Vice President Nick Ringel Treasurer Sanford Blockman Secretary Stanley Bilsky Maurice Buring Sam Chafetz Hallie Cohen Robert B. Cohen Laurie A. Cooper Pace Cooper Michael Dragutsky Jeff Goldstein Sandy Goldstein Jerrold J. Graber Roy Graber Andrew J. Groveman Alan Harkavy Laura Harkavy Charles Jalenak James Jalenak Richard S. Kessler Steven H. Leib Bernard Lipsey Diane Mendelson Rose L. Morrison Joe Roberts Richard Rossen Judy Royal Andy Saslawsky Irvin Serenco Bobbie Shainberg Jerry Sklar Joel Sklar Andrew Stark Mike Stein Ken Steinberg Morris Thomas Ira Weinstein Mark Wender Past Presidents Ronald Harkavy L.R. Jalenak, Jr. Jerome Makowsky Nathaniel Landau Executive Officers Front Row (l to r) Ronna Newburger, President Kay Usdan Saslawsky, Vice President Back Row (l to r) Marlin Graber, Vice President Nick Ringel, Treasurer Sanford Blockman, Secretary Staff Laura K. Linder Executive Director laura.linder@jewishfoundationofmemphis.org Sheri G. Gadberry Business and Donor Advised Fund Manager sheri.gadberry@jewishfoundationofmemphis.org Josie Ballin Marketing and Communications Coordinator josie.ballin@jewishfoundationofmemphis.org Molly J. Wexler Director of Programming molly.wexler@jewishfoundationofmemphis.org
Page 1 and 2: Your Link To Jewish Giving J e w i
Page 3 and 4: Tae Of Contents 2 Linking You with
Page 5 and 6: Of The Jewish Community Endowment F
Page 7 and 8: Meeting Your Philanthropic Goals In
Page 9 and 10: Meeting Your Philanthropic Goals Ir
Page 11 and 12: KBDI TV-12 (Denver, CO) KGNU-FM (Bo
Page 13 and 14: Create Your Jewish Legacy Legacy So
Page 15 and 16: A Life Of Philanthropy B’nai Tzed
Page 17: The Needs Of The Jewish Community P

2008 Annual Report - Jewish Foundation of Memphis

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