Caroline & Joseph S Gruss Life Monument Funds Inc is a public charity established in 1990 in New York as a supporting organization of UJA-Federation of Jewish Philanthropies. Founded by Joseph S. and Caroline Gruss, the organization is headquartered in Brooklyn, NY and operates with a staff of 28 employees.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$315K
-95.0% YoY
Annual Giving
$5.6M
+54.2% YoY
Grant Count
1
-94.1% YoY
Avg Grant Size
$5.6M
+2521.7% YoY
Mission & Focus Areas
The organization's mission is to support Jewish education. The Gruss Life Monument Funds provides annual funding of over $15 million to more than 400 educational and philanthropic institutions.
Primary program areas include:
Building Renovation Program — Funding for fixing hazardous conditions in Jewish schools located in New York City and neighboring Westchester, Nassau, and Suffolk counties. The program has accepted over 45 applications.
Medical Pension and Life Insurance Benefit Program — Provides supplemental health, life insurance, and pension premiums for career educators at Jewish day schools in the New York metropolitan area. In recent reporting, 1,957 educators received medical benefits, 1,153 received pension benefits, and over 6,600 received life insurance benefits.
Scholarships Fund — Provides various scholarships to students for academic studies. Recent distribution included 370 elementary scholarship awards across 28 schools and 432 scholarships to Jewish school students across 96 schools.
Special Innovative Projects — Programs that assist students and Jewish schools, with reported expenses of $5,553,557.
International Lending — The organization has made more than 14,000 interest-free mortgages to former Soviet Olim in Israel and more than 100 interest-free loans of $500,000 each to Jewish educational institutions worldwide.
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Geographic Focus
Where this funder awards grants
The organization primarily funds institutions in the New York metropolitan area, including New York City, Westchester, Nassau, and Suffolk counties. Additionally, the organization provides lending and support to Jewish educational institutions worldwide, with particular focus on Israel.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Most Recent Data (2023):
- Total revenues: $1,887,456
- Total expenses: $22,028,213
- Total assets: $6,238,298
- Number of employees: 28
2024 Data:
- Revenue: $0
- Expenses: $5,920,000
- Total assets: $315,000
- Total liabilities: $221,000
Annual Giving: The organization provides annual funding of over $15 million to more than 400 educational and philanthropic institutions.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $314,684 | $6,238,298 | $30,783,646 |
| Revenue | — | $1,887,456 | $1,062,332 |
| Expenses | $5,927,629 | $22,028,213 | $8,633,535 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | — | $1,388,287 | $196,928 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
168 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Center for Initiatives in Jewish Education Inc ($5,553,557).
| Recipient | Purpose | Amount |
|---|---|---|
| CENTER FOR INITIATIVES IN JEWISH EDUCATION INC BROOKLYN, NY | ASSIST STUDENTS IN JEWISH DAY SCHOOLS | $5,553,557 |
Leadership & Key People
Leadership team and compensation from IRS filings
Jason Cury is listed as Principal Officer.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JASON CURY | PRESIDENT | 28 | $198,000 |
| MARTIN GRUSS | CHAIRMAN | 0.65 | — |
| MATHEW MARYLES | TREASURER | 0.5 | — |
| LILLIAN EISMAN | SECRETARY | 0.5 | — |
| DR ALISA DOCTORFF | BOARD MEMBER | 0.5 | — |
| ERIC GOLDSTEIN | BOARD MEMBER | 0.5 | — |
| DR EVELYN GRUSS LIPPER | BOARD MEMBER | 0.5 | — |
| JOSHUA GRUSS | BOARD MEMBER | 0.5 | — |
| BERNARD LATERMAN | BOARD MEMBER | 0.5 | — |
| SCOTT SHAY | BOARD MEMBER | 0.5 | — |
| DOROTHY TANANBAUM | BOARD MEMBER | 0.5 | — |
| AMY BRESSMAN | BOARD MEMBER | 0.5 | — |
| BILLIE GOLD | BOARD MEMBER | 0.5 | — |
| SARENE SHANUS | BOARD MEMBER | 0.5 | — |
| JEFFREY SCHOENFELD | BOARD MEMBER | 0.5 | — |
| SARA NATHAN | BOARD MEMBER | 0.5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Caroline & Joseph S Gruss Life Monument Funds Inc fund?
The organization's mission is to support Jewish education. The Gruss Life Monument Funds provides annual funding of over $15 million to more than 400 educational and philanthropic institutions. Primary program areas include: **Building Renovation Program** — Funding for fixing hazardous conditions in Jewish schools located in New York City and neighboring Westchester, Nassau, and Suffolk counties. The program has accepted over 45 applications. **Medical Pension and Life Insurance Benefit Progra…
Where does Caroline & Joseph S Gruss Life Monument Funds Inc make grants?
The organization primarily funds institutions in the New York metropolitan area, including New York City, Westchester, Nassau, and Suffolk counties. Additionally, the organization provides lending and support to Jewish educational institutions worldwide, with particular focus on Israel.
What size grants does Caroline & Joseph S Gruss Life Monument Funds Inc award?
In 2024, Caroline & Joseph S Gruss Life Monument Funds Inc awarded 1 grants totaling $5.6M — an average of about $5.6M per grant, based on its IRS Form 990 filings.
What is Caroline & Joseph S Gruss Life Monument Funds Inc's EIN?
Caroline & Joseph S Gruss Life Monument Funds Inc's EIN (Employer Identification Number) is 13-3573461. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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