JM Rubin Foundation Inc
Donald-Rubin-Foundation-s-2021-Grantees.html?aid=V6-B6-jkvdM&soid=1120850996272 type: exa:news title: Announcing the Shelley & Donald Rubin Foundation's 2021 Grantees type: exa:news title: "ARTNEWS: THE SHELLEY & DONALD RUBIN FOUNDATION AWARDS SOCIAL JUSTICE GRANTS\ \ TO 47 NEW YORK ARTS ORGANIZATIONS \u2014 Shelley & Donald Rubin Foundation" type: exa:news title: Shelley & Donald Rubin Foundation Gifts New York Arts Organizations With Inaugural Grants
Key facts about JM Rubin Foundation Inc
- EIN
- 59-1958240
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $2,908,442
- Grants made (2024)
- 105
- Average grant
- $27,699
- Median grant
- $15,000
- New grantees (estimate)
- 8% first-time grantees (8 of 104, 2024)
- Total assets
- $37,574,936
- Primary geography
- Florida (85% of itemized 2024 grant dollars)
- How to apply
- Scholarship applications must be submitted by March 1st for the following academic year. Full details ↓
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who JM Rubin Foundation Inc funds
By grant dollars, the top recipient states for JM Rubin Foundation Inc's 105 itemized 2024 grants were Florida (85%). The most frequent recipient cities were West Palm Beach, FL (27 grants), Boca Raton, FL (6 grants), Palm Beach Gardens, FL (4 grants) and Tallahassee, FL (3 grants). None of its 105 grants with a stated purpose were described as general or operating support. Recurring purposes include "Support" (57 grants) and "Scholarship for the Benefit of a Particular Student" (48 grants).
Is JM Rubin Foundation Inc open to new grantees?
8%
first-time grantees, 2024
In 2024, 8 of 104 grantees (8%) were first-time recipients. First grants averaged $9K; repeat grants $30K. How we count
Medians: $7K first-time, $15K repeat.
- 88% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (+16%). Method
- In 2024 it paid out 90% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with JM Rubin Foundation Inc
- How to evaluate JM Rubin Foundation Inc as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$37.6M
-3.0% YoY
Annual Giving
$2.9M
-4.5% YoY
Grant Count
105
+2.9% YoY
Avg Grant Size
$28K
-7.3% YoY
Under IRS private-foundation payout rules, JM Rubin Foundation Inc reported a distributable amount of $3.8M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The J.M. Rubin Foundation's primary focus is providing scholarships to residents of Palm Beach County at any recognized educational institution. The foundation also provides charitable support to select organizations at the discretion of the Board, with a preference for local institutions or those benefiting the local community.
Grantmaking
Grant Range
$87 to $263,250
Review Cycle
- Applications are submitted online through the foundation's website
How to Apply
**
Ready to take the next step with JM Rubin Foundation Inc?
Geographic Focus
Where this funder awards grants
The foundation primarily funds residents of Palm Beach County, Florida. However, scholarship recipients may attend any recognized educational institution regardless of location. The foundation's charitable giving supports local organizations or those benefiting the local community.
Grant Distribution by State
Share of all 105 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
As of Fiscal Year 2023-2024:
- Total Assets: $37.6 million to $38.7 million
- Total Annual Giving: $2.9 million to $3.2 million
- Total Expenses: $4.4 million to $4.5 million
- Total Revenue: $2.7 million to $3.2 million
- Total Liabilities: $0
Grant Activity:
- Approximately 105 grants awarded annually
- Average grant amount varies by year
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $37,574,936 | $38,732,250 | $40,486,140 |
| Revenue | $3,238,010 | $2,690,572 | $2,217,039 |
| Expenses | $4,395,324 | $4,444,462 | $4,434,429 |
| Qualifying Distributions | $3,445,746 | $3,564,591 | $3,562,217 |
| Net Investment Income | $2,353,907 | $1,805,269 | $1,372,409 |
| Distributable Amount | $3,816,423 | $3,443,789 | $3,500,737 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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
494 grants across all recorded years
Open Grants
1 open opportunity from JM Rubin Foundation Inc
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Palm Beach Atlantic University ($365,750 across 2 grants), University of Florida ($182,500), Florida State University ($151,336).
| Recipient | Purpose | Amount |
|---|---|---|
| PALM BEACH ATLANTIC UNIVERSITY West Palm Beach, FL | SCHOLARSHIP FOR THE BENEFIT OF A PARTICULAR STUDENT | $263,250 |
| UNIVERSITY OF FLORIDA Gainesville, FL | SCHOLARSHIP FOR THE BENEFIT OF A PARTICULAR STUDENT | $182,500 |
| FLORIDA STATE UNIVERSITY Tallahassee, FL | SCHOLARSHIP FOR THE BENEFIT OF A PARTICULAR STUDENT | $151,336 |
| UNIVERSITY OF CENTRAL FLORIDA Orlando, FL | SCHOLARSHIP FOR THE BENEFIT OF A PARTICULAR STUDENT | $120,300 |
| PALM BEACH ATLANTIC UNIVERSITY West Palm Beach, FL | SUPPORT | $102,500 |
| QUANTUM HOUSE West Palm Beach, FL | SUPPORT | $100,000 |
| ROSARIAN ACADEMY West Palm Beach, FL | SUPPORT | $100,000 |
| THE LORD'S PLACE West Palm Beach, FL | SUPPORT | $100,000 |
| FAU FOUNDATION INC Boca Raton, FL | SUPPORT | $75,000 |
| FLORIDA SHERIFFS YOUTH RANCHES INC Boys Ranch, FL | SUPPORT | $75,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Board of Trustees & Staff:
- Mary S. Harper – President (40 hours/week, $339,160 annual compensation)
- Kimberly L. Harris – Vice President/Treasurer (40 hours/week, $162,000 annual compensation)
- Laurel T. Baker – Trustee (2 hours/week, $45,000 annual compensation)
- Edward R. Griffin – Trustee (2 hours/week, $45,000 annual compensation)
- Barbara S. Noble – Trustee (2 hours/week, $45,000 annual compensation)
- Diane R. Padilla – Administrative Assistant (40 hours/week, $52,648 annual compensation)
- Mary S. Harper – Trustee Emeritus
Compensation Overview
From 2024 IRS filing
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Mary S Harper | President | 40 | $339,160 |
| Kimberly L Harris | VP/Treasurer | 40 | $162,000 |
| Laurel T Baker | Trustee | 2 | $45,000 |
| Edward R Griffin | Trustee | 2 | $45,000 |
| Barbara S Noble | Trustee | 2 | $45,000 |
Contact Information
Address: 505 South Flagler Drive, Suite 1320 Flagler Center Tower West Palm Beach, FL 33401
Phone: (561) 833-3309 Fax: (561) 833-3647 Website: www.jmrf.org
IRS Information:
- EIN: 59-1958240
- Tax-exempt status since: April 1980
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does JM Rubin Foundation Inc fund?
The J.M. Rubin Foundation's primary focus is providing scholarships to residents of Palm Beach County at any recognized educational institution. The foundation also provides charitable support to select organizations at the discretion of the Board, with a preference for local institutions or those benefiting the local community.
How do I apply for a grant from JM Rubin Foundation Inc?
Scholarship applications must be submitted by March 1st for the following academic year. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
Where does JM Rubin Foundation Inc make grants?
The foundation primarily funds residents of Palm Beach County, Florida. However, scholarship recipients may attend any recognized educational institution regardless of location. The foundation's charitable giving supports local organizations or those benefiting the local community.
What size grants does JM Rubin Foundation Inc award?
In 2024, JM Rubin Foundation Inc awarded 105 grants totaling $2.9M — an average of about $28K per grant, based on its IRS Form 990 filings.
How much is JM Rubin Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, JM Rubin Foundation Inc reported a distributable amount of $3.8M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is JM Rubin Foundation Inc's EIN?
JM Rubin Foundation Inc's EIN (Employer Identification Number) is 59-1958240. IRS Form 990 filing data is available on this page for 2020–2024.
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Browse active grant opportunities in JM Rubin Foundation Inc's focus areas in our free grants database
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Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.