HEBREW ACADEMY OF CLEVELAND

EIN 340714428 · Donor-advised fund program as reported on Form 990 Schedule D, fiscal year 2023.

← All sponsors
DAF assets
−$27K
at fiscal year end
Grants out
$825K
from DAF accounts
Contributions in
$798K
received into DAFs
Payout rate
median is 12.5%
Accounts
14
funds held at year end
Average account
assets per fund

This filing reports a negative figure where none is possible. The assets held at year end figure is shown below exactly as filed. Schedule D asks for totals, which cannot be less than zero, so this is near-certainly a sign-convention error in the return rather than a real value — the magnitude is probably right and the sign wrong. No payout rate is calculated, and this organization is excluded from the sector totals on the index.

This sponsor did not report DAF assets at year end, so a payout rate cannot be calculated.

DAF assets by year

$186K
FY2019
$213K
FY2020
$62K
FY2021
$47K
FY2022
−$27K
FY2023

Grants paid by year

$527K
FY2019
$680K
FY2020
$925K
FY2021
$673K
FY2022
$825K
FY2023

A missing year means no return for that year has been released yet, not that the organization was inactive. Years marked fall in the 2020–21 pandemic giving surge, when contributions into donor-advised funds rose sharply across the sector; treat them as an unusual period rather than a baseline.

Grant disclosure

Itemized 106 grant lines totalling $2.7M across 2019–2024 — $26K per line.

$60K of this sponsor’s grants went to other DAF sponsors — 2% of its itemized grantmaking. Money moved between sponsors is reported as a grant, but it has not yet reached a working charity. This total counts only organizations whose donor-advised fund program is their primary activity, so grants to universities and hospitals that happen to run a DAF on the side are excluded.

Largest reported recipients

Organizations receiving the most from this sponsor across 2019–2024, as itemized on Schedule I. Only grants above $5,000 must be listed.

RecipientTotal 2019–2024
Hebrew Academy of Cleveland runs a DAF programEIN 340714428 OH$409K
Friends Of Nahal Haredi IncEIN 134069565 NJ$187K
Tomchai Torah Beretz Yisrael IncEIN 260574981 NY$150K
Bais MikrahEIN 510144444 NY$147K
Tidewater Jewish Foundation Inc runs a DAF programEIN 541653165 VA$105K
Jewish Family ExperienceEIN 260839035 OH$105K
Keren Yehoshua V Yisroel IncEIN 223209160 NY$97K
Ahavath Israel CongregationEIN 341506283 OH$90K
Yeshiva Ketana Toras ChaimEIN 822452864 NY$84K
Yeshiva Nesivos AhronEIN 263751334 IL$80K
Bais Yaakov Chofetz Chaim Of PomonaEIN 133536939 NY$59K
Zichron Menachem IncEIN 510201844 NY$58K
Bais EfraimEIN 461430193 NY$57K
Torah Life Institute Of ClevelandEIN 341837292 OH$50K
National Society for Hebrew Day Schools aka Tora runs a DAF programEIN 135564128 NY$50K

How these figures are calculated: methodology and disclosures. Source: IRS Form 990 e-file XML for fiscal year 2023, via the National Center for Charitable Statistics. Payout rate is DAF grants divided by DAF assets at year end. Recipient totals combine tax years 2019–2024 where filings are available. IRS release and parsing lag means recent years are incomplete for many organizations — NCCS advises treating the most recent year in the panel as partial.