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

-15.0% YoY

Avg Grant Size

$13K

+7.0% YoY

Under IRS private-foundation payout rules, Jephson Educational Trust #2 Xxxxx1004 reported a distributable amount of $566K for 2024 — the minimum it must pay out in qualifying distributions.

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

New York $1.5M (61%)

Massachusetts $239K (10%)

Vermont $200K (8%)

Pennsylvania $130K (5%)

New Jersey $100K (4%)

Kentucky $90K (4%)

Michigan $75K (3%)

Wisconsin $40K (2%)

+3 more states

States

Connecticut Kentucky Massachusetts Maryland Michigan North Carolina New Jersey New York Pennsylvania Vermont Wisconsin

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

Metric	2024	2023	2022
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

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Grant Size Distribution

193 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Keuka College ($100,000), Metropolitan Opera Association ($30,000), Boston Conservatory ($25,000).

Recipient	Purpose	Amount
Long Trail School Inc Dorset, VT	GENERAL	$20,000
Clarke School for the Deaf Northhampton, MA	GENERAL	$10,000
Boston Conservatory Boston, MA	GENERAL	$25,000
Metropolitan Museum of Art New York, NY	GENERAL	$5,000
Metropolitan Opera Association New York, NY	GENERAL	$30,000
Museum of Modern Art New York, NY	GENERAL	$10,000
Manhattan School of Music New York, NY	GENERAL	$15,000
New York Philharmonic- Symphony Society New York, NY	GENERAL	$20,000
JBI International Inc New York, NY	GENERAL	$5,000
New York Public Library New York, NY	GENERAL	$10,000

Leadership & Key People

Leadership team and compensation from IRS filings

Personnel:

Krystal Zec, Vice President

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
ROBERT D TAISEY ESQ	CO-TRUSTEE	2	$18,672
JOHN F PARKIN	CO-TRUSTEE	2	$18,672

Frequently Asked Questions

What does Jephson Educational Trust #2 Xxxxx1004 fund?

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

How do I apply for a grant from Jephson Educational Trust #2 Xxxxx1004?

**Grant Activity:** • Made 38 grants in the most recent fiscal year (2024) • Total giving: $457,500–$458,000 annually • Average grant size: approximately $13,000 • Grant range: $20,000–$100,000 (based on recent awards) **Recent Grant Recipients (2024):** • Keuka College: $100,000 • Metropolitan Opera Association: $30,000 • American Composers Orchestra: $20,000 The foundation supports both educational institutions and arts organizations with general operating support.

Where does Jephson Educational Trust #2 Xxxxx1004 make grants?

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

What size grants does Jephson Educational Trust #2 Xxxxx1004 award?

In 2024, Jephson Educational Trust #2 Xxxxx1004 awarded 34 grants totaling $458K — an average of about $13K per grant, based on its IRS Form 990 filings.

How much is Jephson Educational Trust #2 Xxxxx1004 required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Jephson Educational Trust #2 Xxxxx1004 reported a distributable amount of $566K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Jephson Educational Trust #2 Xxxxx1004's EIN?

Jephson Educational Trust #2 Xxxxx1004's EIN (Employer Identification Number) is 13-6777236. IRS Form 990 filing data is available on this page for 2020–2024.