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THE OJC FUND
BROOKLYN, NY · EIN 113618879 · Form 990 · FY2024 · NTEE B90 · Education · Very Large (>$50M) · ojcfund.org
revenue
$469.3M
expenses
$458.3M
net assets
$57.0M
employees
12
volunteers
3
program ratio
99%
mission · from form 990

TO MAINTAIN A DONOR ADVISED FUND BY HONORING OUR COMMITMENT TO FUNDHOLDERS BY PROVIDING SERVICES TO MAKE THEIR CHARITABLE GIVING ADMINISTRATIVELY EFFICIENT, AND PERSONALLY REWARDING.

profile · synthesized from sources

The OJC Fund is a donor-advised fund (DAF) that enables modern donors to manage charitable giving efficiently and securely. It provides a platform for individuals to contribute assets, receive immediate tax benefits, and recommend grants to qualified nonprofits. The organization emphasizes innovation in giving through digital tools, mobile access, and integrated payment systems like the OJC Charity Card and LINX platform.

named programs · 5 · from sources

What they call their work

Auto Refill
Automated system that refills donor accounts when balances go negative, ensuring uninterrupted giving
Certificate Books
Physical certificates (OJC or Nadven branded) issued for small-dollar donations; values deducted from donor accounts upon processing
LINX Payment Platform
Hardware and software system that processes donations via tap, swipe, or barcode/QR code scanning; supports both OJC and non-OJC donors
OJC Charity Card
Payment card enabling donors to make instant charitable contributions; integrates with the LINX platform for seamless transaction processing
Philanthropist Rate
Reduced commission fee structure for donors who deposit $300,000 within four consecutive quarters
activities · 2 groups

What they do

  • Digital Donation Processing Platforms 2 activities
    • Manages donor-advised fund accounts with flexible access and contribution options
      Provides streamlined management of donor-advised fund accounts with no minimum contribution requirements, allowing account creation and contributions of any size. Supports real-time transaction oversight through an online management system and mobile app, and enables automatic account refilling when funding is insufficient.
    • Operates a digital giving platform with integrated tools for donors and charities
      Develops and maintains a sophisticated digital platform and mobile application that enables seamless charitable giving through features like QR code scanning, tap-to-donate via OJC Charity Card and LINX hardware, fingerprint-based preset donations, and integration with crowdfunding and major charity platforms. Provides free access to the mobile app and an accountant portal for tax preparation support.
  • Donor-Advised Fund Grantmaking 1 activity
    • Funds distribution through donor-advised funds
      Processes and disburses grants from donor-advised fund accounts to selected charities at the direction of donors, including handling donations of cash, stocks, and other assets. Maintains records of all grants and generates monthly reports on fund distributions.
financials · form 990 · fy2024
revenue
Total revenue$469.32M
Contributions & grants$466.26M99%
Program service revenue$00%
Investment income$3.06M1%
Other revenue$0
expenses
Total expenses$458.35M
Program expenses99%
Admin / overhead1%
Fundraising0%
Salaries & benefits$2.19M
Grants paid out$453.74M
Largest expense lineCompensation
balance sheet
Total assets$58.48M
Cash$21.88M
Investments$35.37M
Liabilities$1.53M
Net assets$56.95M
Liquid reserves1.5 mo
6 years on record · 2019–2024 · YoY revenue +21.4%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 2
NameTitleHours/wkCompensation
EFRAIM SOFER PRESIDENT, CO-CEO, & CFO 40 $921K
KALMEN EKSTEIN SECRETARY, TREASURER, CO-CEO, & COO 40 $857K
board members · 3
  • NATHAN SMAIA — CHAIRMAN
  • RABBI CHESKLE STEINMETZ — DIRECTOR
  • RABBI SOLOMON FRIEDMAN — DIRECTOR
relationships · 3

Who they work with

  • Charles Schwab Partner — Collaborates with Charles Schwab for brokerage services related to donor advised fund investments.
  • Equinum Wealth Management Partner — Collaborates with Equinum Wealth Management for brokerage services related to donor advised fund investments.
  • Nadven Partner — Partners with Nadven to offer certificate books where charities pay commission fees.
strategies · 3

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Donor-Advised Fund Model with Tax Efficiency
    methodology: donor_advised_fund_model
    By enabling donors to claim immediate tax deductions while distributing grants over time, and by facilitating contributions of appreciated and illiquid assets, the organization increases charitable giving because donors can maximize tax benefits and simplify complex giving logistics.
  • High-Oversight Stewardship to Build Trust
    methodology: high_oversight_stewardship
    By applying rigorous financial oversight and ensuring full traceability of donated dollars, the organization improves donor confidence and sustained engagement because accountability reinforces trust in philanthropic impact.
  • Technology-Enabled Giving to Reduce Friction
    methodology: technology_enabled_giving
    By using digital innovation and integrated platforms, the organization increases engagement in philanthropy because streamlined access, reduced transaction friction, and improved donor experience make giving more convenient and accessible.