Jack G Buncher Charitable Fund for the AJJDC

EIN: 204393253 501(c)(3) Philanthropy & Grantmaking

New York, NY

Total Revenue
$1,333,040
Total Expenses
$1,150,000
Total Assets
$15,855,467
Net Assets
$15,855,467
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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
PA
Principal Officer
Ophir Singal
Phone
2126876200
Tax Period
2024-01-01 to 2024-12-31

Jack G Buncher Charitable Fund for the AJJDC, founded in 2006, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.3M in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $1.1M left a modest 14% surplus.

Mission

The Organization provides support to JDC to advance the mission and programs of the JDC for programs relating to: children in crisis - providing food, clothing, education, medical and winter relief; elderly - providing food, homecare, clothing, (cont. on sch. O) housing and heating; young parents and other adults - providing food, job training, rent subsidies and winter relief.

Program Service Accomplishments

Program 1
Expenses: $950,000 Revenue: $0

Reaching the Most Vulnerable Jews - Welfare in the FSU and Ukraine:Across the FSU, tens of thousands of elderly Jews face daily struggles with extreme poverty. Without savings, and often without any...

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Reaching the Most Vulnerable Jews - Welfare in the FSU and Ukraine:Across the FSU, tens of thousands of elderly Jews face daily struggles with extreme poverty. Without savings, and often without any family to help them, they try to manage on meager government pensions that cannot cover even basic food, medication and utilities. The crisis in Ukraine has made the situation worse, sending prices soaring across the region. The Jack Buncher Charitable Fund's support goes towards JDC's humanitarian efforts in Ukraine, as well as ongoing welfare throughout the region. JDC cares for poor Jews in the region through its (see Sched. O) network of 62 welfare centers that reach clients in over 2,000 locations in 11 countries across the FSU. During 2024, JDC helped ensure lifesaving aid for over 70,600 impoverished elderly Jews - 66,776 elderly Jews received food support, including bank cards for purchasing groceries/medication, food packages, meals on wheels, hot lunches and holiday food packages; 22,014 elderly Jews received homecare services, the most fragile clients received a total of 22,770,970 hours of assistance with daily tasks such as bathing, dressing, shopping, cooking and cleaning; 18,842 elderly Jews received medical care including medicines, medical services and loans of medical equipment; 42,094 elderly Jews received winter relief, warm clothing and blankets, subsidies to cover utility bills and wood and coal for heating. Aid for Struggling Jewish Families in Argentina:Since the early 2000s, when Argentina's economic crisis began ushering in an extended period of hyperinflation and unemployment, JDC has provided immediate relief and longerterm support to the country's most vulnerable Jews, in collaboration with local organizations.According to government statistics, inflation - which had remained in the double-digits for nearly ten years - hit more than 200% by the close of 2023. Basic necessities are unaffordable, jobs with decent wages are scarce, and more than 50% of the population lives under the poverty line. Lower middle-class families, who are not eligible for state welfare, have been hardest hit by the economic downturn.The economic reality has been especially challenging for Jews who live in small Jewish communities in the Argentinian provinces outside of Buenos Aires. With some communities located far from urban centers, employment opportunities are very limited, and poverty is extremely widespread.The aid provided by the Jack Buncher Charitable Fund has become a lifeline. In 2024, 839 people (346 families) received monthly food aid and 206 people (97 families) received monthly housing stipend.JDC is also working to strengthen the capacity of 14 of Argentina's small Jewish communities, toward achieving self-sufficiency and decreasing their reliance on outside support. This is carried out through a community development and leadership training program that helps Jewish professional and lay leaders build their skills and capabilities and share best practices.Global Jewish Welfare:Around the world, tens of thousands of Jews live in a state of poverty. JDC - throughout its decades of existence, and to this very day - has committed to doing everything in its power to raise impoverished Jews out of their state of privation, restore their dignity, and give them hope.In eastern Europe, Latin America, Africa, Asia, and the former Soviet Union, JDC delivers life-saving relief and social services to the neediest Jews living in dire conditions in places where nearly no other social services exist. JDC carries out this work in partnership with local Jewish communities, while building their capacity to support their own needy members in the long term. JDC leverages existing programs, knowledge, and relationships so these communities can become more self-sufficient. In the future, the hope is to see local communities more prepared and capable of taking increasing responsibility for this life-saving work by providing services autonomously and maximizing volunteer networks.Support from the Jack Buncher Charitable Fund gives JDC the agility and flexibility to meet ever changing and emerging needs, and apply welfare funds where they are needed most around the world.

Program 2
Expenses: $200,000 Revenue: $0

Optimizing the JDC Archives:The JDC Archives is a treasured historical time capsule that documents for posterity the remarkable story of our organization's indelible impact on the global Jewish...

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Optimizing the JDC Archives:The JDC Archives is a treasured historical time capsule that documents for posterity the remarkable story of our organization's indelible impact on the global Jewish journey. Every year, the Archives serves as an authoritative historical resource for approximately 700 formal research requests - and tens of thousands more who explore the Archives online to discover their own family roots. JDC's collections include more than three miles of text documents, 150,000+ images, 6,000 books, 1,000 artifacts, 600 films, and 2,700 video/audio recordings. The digital materials cover 4 million pages of text documents, 70,000 photographs, and 200 films.More than these quantitative benchmarks, the Jewish (see Sched. O) people rely on JDC's archival collections for authentic snapshots of the global Jewish experience.JDC is working to optimize the Archives, to keep it thriving and accessible to modern audiences. The project will curate, unite and digitize JDC's two major archival collections, one in New York and one in Jerusalem, toward ensuring that millions of digital assets documents, photographs and films can be easily located.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $500,000
Program Service Revenue $0
Investment Income $833,040
Other Revenue $0
TOTAL REVENUE $1,333,040

Expense Breakdown

Grants Paid $1,150,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,150,000
Other Expenses $0
TOTAL EXPENSES $1,150,000

Year-over-Year Comparison

2024 2023 Change
Revenue $1,333,040 $1,507,567 -0.1%
Expenses $1,150,000 $1,150,000 N/A
Net Income $183,040 $357,567 -0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
7
Independent Members
5
Employees
N/A
Volunteers
5

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$1,487,093
Total Directors
7
$1,487,093
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Annie Sandler Secretary 1.00
Officer Director
$0 $0 $0
Thomas J Balestrieri Director 1.00
Director
$0 $0 $0
Ophir Singal Treasurer 1.00
Officer Director
$0 $72,640 $589,310
Mark Sisisky President 1.00
Officer Director
$0 $0 $0
Ariel Zwang Vice Chair 1.00
Officer Director
$0 $104,538 $897,783
Joseph M Jackovic Director 1.00
Director
$0 $0 $0
Howard M Reiger Director 1.00
Director
$0 $0 $0
Asher Ostrin Former Vice President 0.00
$0 $0 $311,723
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $1,333,040 $1,150,000 $15,855,467 $183,040
2023 $1,507,567 $1,150,000 $15,503,520 $357,567
2022 $1,278,590 $1,150,000 $15,145,953 $128,590
2021 $1,338,442 $1,150,000 $15,865,305 $188,442
2020 $1,145,964 $1,650,000 $15,577,851 $-504,036
2019 $1,120,364 $1,250,000 $13,362,779 $-129,636
2018 $1,131,614 $1,200,000 $12,023,189 $-68,386
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