The Illinois State Capitol

Form 990-PFTax year 2024EIN 13-6777236

Jephson Educational Trust #2 XXXXX1004

A private foundation in Chicago, IL. Its return for tax year 2024 lists 36 grants and $487,000 paid in grants.

Tax year 2024 (period ending Sep 30, 2025), read from the IRS e-file on Nov 11, 2026. Returns reach the IRS 5 to 18 months after the year they describe.

How to apply

Preselected only

The return checks the box saying the foundation gives only to preselected organizations and does not accept unsolicited requests.

Assets and giving by year

8 returns on file
Grants paid by tax year. The latest year is in blue.
  • Tax year 2024

    $487,000

    Grants listed
    36
    Assets, end of year
    $8,445,948
  • Tax year 2023

    $457,500

    Grants listed
    34
    Assets, end of year
    $8,181,323
  • Tax year 2022

    $502,990

    Grants listed
    40
    Assets, end of year
    $8,502,044
  • Tax year 2021

    $499,500

    Grants listed
    42
    Assets, end of year
    $8,608,149
  • Tax year 2020

    $471,500

    Grants listed
    39
    Assets, end of year
    $8,796,240
  • Tax year 2019

    $461,500

    Grants listed
    38
    Assets, end of year
    $9,008,733
  • Tax year 2018

    $467,500

    Grants listed
    37
    Assets, end of year
    $9,280,715
  • Tax year 2017

    $452,500

    Grants listed
    35
    Assets, end of year
    $9,277,952

Grants paid in 2024

36 grants, largest first

As listed on the return.

  1. Keuka CollegeKeuka Park, NY

    General

    $127,000
  2. Metropolitan Opera AssociationNew York, NY

    General

    $30,000
  3. Long Trail School IncDorset, VT

    General

    $20,000
  4. New York Philharmonic- Symphony SocietyNew York, NY

    General

    $20,000
  5. American Composers Orchestra IncNew York, NY

    General

    $20,000
  6. University of Vermont and State Agricultural CollegeBurlington, VT

    General

    $20,000
  7. Bach Choir of BethlehemBethlehem, PA

    General

    $17,500
  8. Norwich UniversityNorthfield, VT

    General

    $15,000
  9. National Technical Institute for the DeafRochester, NY

    General

    $15,000
  10. Seeing EyeMorristown, NJ

    General

    $14,400
  11. Clarke School for the DeafNorthampton, MA

    General

    $10,000
  12. Museum of Modern ArtNew York, NY

    General

    $10,000
  13. New York Public LibraryNew York, NY

    General

    $10,000
  14. Carnegie Hall Society IncNew York, NY

    General

    $10,000
  15. Mount Saint Mary CollegeNewburgh, NY

    General

    $10,000
  16. Midland Adult Services IncNorth Branch, NJ

    General

    $10,000
  17. Curtis Institute of MusicPhiladelphia, PA

    General

    $10,000
  18. Union Commonwealth UniversityBarbourville, KY

    Scholarship

    $10,000
  19. Tufts UniversityMedford, MA

    General

    $10,000
  20. Elmira CollegeElmira, NY

    General

    $10,000
  21. Third Street Music School Settlement IncNew York, NY

    General

    $10,000
  22. New England Conservatory of MusicBoston, MA

    General

    $10,000
  23. Prep for PrepNew York, NY

    General

    $7,500
  24. St Luke's Chamber Ensemble IncNew York, NY

    General

    $7,500
  25. Metropolitan Museum of ArtNew York, NY

    General

    $5,000
  26. JBI International IncNew York, NY

    General

    $5,000
  27. Naumburg Orchestral Concerts IncPlainview, NY

    General

    $5,000
  28. New York Youth Symphony IncNew York, NY

    General

    $5,000
  29. Blue Rock SchoolWest Nyack, NY

    General

    $5,000
  30. Camphill Special School incGlenmoore, PA

    General

    $5,000
  31. Manhattan Theatre Club IncNew York, NY

    General

    $5,000
  32. University of the Cumberlands IncWilliamsburg, KY

    Scholarship

    $5,000
  33. Washburn University of TopekaTopeka, KS

    General

    $5,000
  34. Mastervoices IncNew York, NY

    General

    $5,000
  35. Nazareth UniversityRochester, NY

    Scholarship

    $2,500
  36. Sacred Heart UniversityFairfield, CT

    General

    $600

Where the money goes

By cause: grants to organizations we matched to the IRS list of exempt organizations, by their category.

  1. Education14 grants $242,60061% of the total
  2. Arts and culture11 grants $125,00031% of the total
  3. Human services2 grants $24,4006% of the total
  4. Health1 grant $5,0001% of the total

By State

Grants to organizations with a US address, latest year.

  1. New York21 grants $324,500
  2. Vermont3 grants $55,000
  3. Pennsylvania3 grants $32,500
  4. Massachusetts3 grants $30,000
  5. New Jersey2 grants $24,400
  6. Kentucky2 grants $15,000
  7. Kansas1 grant $5,000
  8. Connecticut1 grant $600

Officers, directors and trustees

4 people as filed

As filed on the return, with average hours per week and pay from the foundation.

  • JP Morgan Chase Bank NATRUSTEE Hours 2Pay $128,643
  • John F ParkinCO-TRUSTEE Hours 2Pay $20,452
  • Robert Scott JohnstonCO-TRUSTEE Hours 2Pay $1,208
  • Robert D TaiseyCO-TRUSTEE Hours 2Pay $13,741

The return

More foundations

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Same main cause (education), giving between a quarter and four times this foundation’s where possible, nearby first.

  1. Harry F Chaddick and Elaine Chaddick Foundation IncChicago, IL 66 grants Preselected only $487,800 giving
  2. Bohmfalk Charitable Trust XXXXX7009Chicago, IL 4 grants Preselected only $480,000 giving
  3. John Roach Trust Fund XXXXX4003Chicago, IL 14 grants Preselected only $479,430 giving
  4. Virginia Lee Shirley Private FoundationChicago, IL 38 grants Preselected only $501,000 giving
  5. Mason Foundation IncChicago, IL 23 grants Preselected only $502,000 giving