Jephson Educational Trust #2 Xxxxx1004

CHICAGO, IL EIN: 13-6777236

Jephson Educational Trust #2 is a private foundation established in 1979 and located in Chicago, Illinois. The organization operates as a 501(c)(3) charitable entity with a primary focus on supporting educational and arts-related initiatives through grantmaking.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$8.2M

-3.8% YoY

Annual Giving

$458K

-9.0% YoY

Grant Count

34

-15.0% YoY

Avg Grant Size

$13K

+7.0% YoY

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

The trust gives primarily for the arts and education. The foundation supports general operating expenses and program funding across its grantee organizations.

Grantmaking

The foundation supports both educational institutions and arts organizations with general operating support.

Grant Range

approximately $13,000

Average Grant

approximately $13,000

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Geographic Focus

Where this funder awards grants

The foundation is based in Chicago, Illinois and funds organizations nationally, including institutions in New York and across the United States.

Grant Distribution by State

11states
+3 more states

Cities

AmherstAshlandAuroraBaltimoreBeloitBethlehemBostonBurlingtonCazenoviaDorsetElmiraFairfieldGarden CityGlenmooreHamiltonInterlochenMedfordMorristownNew YorkNewburgh

Financial History

Multi-year comparison from IRS filings

As of Fiscal Year Ending September 2024:

  • Total Assets: $8,181,323
  • Total Revenues: $304,892
  • Total Expenses: $625,625
  • Qualifying Distributions: $535,224
  • Net Investment Income: $198,155
  • Number of Employees: 1

Three-Year Financial Trend:

  • Assets have declined from $8,608,149 (2022) to $8,502,044 (2023) to $8,181,323 (2024), representing a 3.8% year-over-year decrease
  • Annual giving has declined 9.0% year-over-year
  • Grant count decreased 15.0% year-over-year
Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$183K$366K$549K$732K20202021202220232024
Metric202420232022
Total Assets$8,181,323$8,502,044$8,608,149
Revenue$304,892$551,905$477,107
Expenses$625,625$657,816$665,199
Qualifying Distributions$535,224$574,405$575,511
Net Investment Income$198,155$455,799$379,245
Distributable Amount$566,428$527,817$579,268

Giving Over Time

Total grant dollars and number of grants per year

$0$126K$251K$377K$503K38 grants202039 grants202142 grants202240 grants202334 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

KEUKA COLLEGE$100KMetropolitan Opera Assoc…$30KBoston Conservatory$25KLong Trail School Inc$20KNew York Philharmonic- S…$20KAmerican Composers Orche…$20KBach Choir of Bethlehem$18KManhattan School of Music$15KINTERLOCHEN CENTER FOR T…$15KNATIONAL TECHNICAL INSTI…$15K

Grant Size Distribution

193 grants across all recorded years

190<$50K$50–100K3$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

No grants recorded for .

Leadership & Key People

Leadership team and compensation from IRS filings

Personnel:

  • Krystal Zec, Vice President

Compensation Overview

From 2024 IRS filing

ROBERT D TAISEY ESQCO-TRUSTEE$19KJOHN F PARKINCO-TRUSTEE$19K

From 2024 filing

NameTitleHoursCompensation
ROBERT D TAISEY ESQCO-TRUSTEE2$18,672
JOHN F PARKINCO-TRUSTEE2$18,672

Related Funders

Similar funders by location and focus area

Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.

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