The Jake Aronov Charitable Foundation
The Jake Aronov Charitable Foundation is a private foundation based in Montgomery, Alabama. Established in 2000, it operates as a 501(c)(3) organization classified as a corporate foundation. The foundation manages philanthropic initiatives focused on arts, culture, and religious causes across multiple U.S. cities and states.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$9.4M
-4.9% YoY
Annual Giving
$3.1M
+29.5% YoY
Grant Count
23
+21.1% YoY
Avg Grant Size
$135K
+7.0% YoY
Mission & Focus Areas
The foundation supports initiatives in the following areas:
- Arts and culture
- Performing arts
- Theater
- Philanthropy and nonprofits
- Religion and Judaism
The foundation's purpose stems from managing securities that were donated to the organization and subsequently decreased in value before sale.
Grantmaking
The foundation does not accept unsolicited applications and operates on an invite-only basis.
Grant Range
$5,000 to $720,000
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Geographic Focus
Where this funder awards grants
The foundation provides funding to organizations in multiple cities and states, including:
Cities: Atlanta, Baltimore, Birmingham, Brooklyn, Clifton, Lakewood, New York, Rochester, Rye, and Washington
States: Alabama, District of Columbia, Georgia, Maryland, Minnesota, New Jersey, and New York
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Assets: $9.3 million to $9.8 million
Annual Giving: $2.4 million to $3.1 million
Total Revenue: $804,054 to $2.7 million (varies by fiscal year)
Total Expenses: $2.4 million to $3.2 million
Giving Rate: Approximately 24.4% of assets
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $9,356,211 | $9,842,542 | $11,465,749 |
| Revenue | $2,734,911 | $804,054 | $3,761,361 |
| Expenses | $3,221,242 | $2,421,530 | $739,135 |
| Qualifying Distributions | $3,164,899 | $2,403,865 | $696,500 |
| Net Investment Income | $1,104,200 | $169,996 | $679,683 |
| Distributable Amount | $558,445 | $612,395 | $617,295 |
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
54 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Jake F. Aronov serves as Chairman of the Board of Directors. He does not receive compensation for his role.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JAKE F ARONOV | CHAIRMAN OF BD. OF DIREC. | 0.5 | — |
Contact Information
Address: 3500 Eastern Boulevard, Montgomery, AL 36116-1786
Telephone: 334-277-1000
EIN: 63-1215344
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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