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The J. M. Kaplan Fund, Inc.

Profile

Last profile update: 05/06/2017
Last grant data update: 10/02/2017

At A Glance

The J. M. Kaplan Fund, Inc.

71 W 23rd St Fl 9

New York City, NY United States 10010-3507

Telephone: (212) 767-0630

URL: www.jmkfund.org

Type of Grantmaker

Independent foundation

Additional Descriptor

EIN

136090286

BRIDGE Number

6237152903

Background

Incorporated in 1948 in NY as Faigel Leah Foundation, Inc.; The J.M. Kaplan Fund, Inc., a DE corporation, merged with it in 1975 and was renamed The J.M. Kaplan Fund, Inc. - When the merger took place the officers and programs of the original J.M. Kaplan Fund were largely maintained while the assets of the fund increased substantially. The activities of the fund reflect the interests of the Kaplan family members. The fund bears the name of one of its founders and principal contributors, the late Jacob M. Kaplan, who along with his three brothers, organized and developed the Dunbar Molasses Corp. Later, Mr. Kaplan and his brothers established the Hearns Department Store chain. Mr. Kaplan was the owner and president of Welch's Grape Juice Co., and later, president of Jemkap, Inc. Until 1977, he directed the affairs of the fund as its president. He served on the board of trustees until his death in July 1987. At the close 2010, the market value of the foundation's assets totaled $139.1 million, a 59 percent increase over the 2009 value ($87.2 million)

Purpose and Activities

Giving primarily in three areas: environment, historic preservation, and human migrations. The fund offers program-related investments to encourage ventures of particular interest. The fund also has a trustee-initiated grants program that considers grant requests invited by the trustees.