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The JM Foundation

Profile

Last Updated: 2016-05-29

At A Glance

The JM Foundation

116 Village Blvd., Ste. 200

Princeton, NJ United States 08540-5700

URL: fdnweb.org/jm

Type of Grantmaker

Independent foundation

Additional Descriptor

  • Family foundation

Financial Data

(yr. ended 2014-12-31)

Assets: $25,667,006

Total giving: $1,082,650

EIN

136068340

Background

Incorporated in 1924 in NY - The first grants were made in 1925 and totaled $61,000. The foundation was one of Mr. Milbank's many efforts to serve humanity, especially the disadvantaged and persons with disabilities. He founded the first private rehabilitation center for the disabled in 1917 (now known as the ICD International Center for the Disabled), led the International Committee for the Study of Infantile Paralysis, and continued to augment grants made by the foundation with contributions of his own until his death in 1972. Mr. Milbank's philanthropic interests in medical research, health care, and people with disabilities are now carried on by the Milbank Foundation for Rehabilitation.

Purpose and Activities

The foundation has a strong interest in educational activities which strengthen America's pluralistic system of free markets, entrepreneurship, and private enterprise. The foundation’s current priorities include: supporting education and research that fosters market-based policy solutions, especially at state think tanks; developing state and national organizations that promote free enterprise, entrepreneurship, and private initiative; and identifying and educating young leaders.

Fields of Interest

Subjects
  • Child welfare
  • Public affairs
  • Public policy
Population Groups
  • Academics
  • Adults
  • Children and youth
  • Economically disadvantaged people
  • Low-income and poor people

Financial Data

Year ended 2014-12-31

Assets: $25,667,006 (market value)

Expenditures: $1,759,033

Total giving: $1,082,650

Qualifying distributions: $1,237,452