501(c)(3) charity; gifts are tax-deductible.
$164K paid to officers and key staff.
Status: IRS Pub. 78 · Pay: Part VII

Before you give

FY2025 · Form 990-PFIndependent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990-PF
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 6
filings with a surplus
Average deficit $139K a year · 28% of revenue · last 6 filings
Concern: a surplus in 1 of the last 6 filings.
990-PF Pt I · 6 filings
Pay to officers and key staff
$164K
to officers and key staff · 25% of spending
Worth a look: pay to officers and key staff is 25% of spending; over 20%.
990-PF Pt VIII
4 mo
of spending, in cash
Looks good: 4.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
990-PF Pt II
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$918K
+201% vs prior year
Spent
$654K
Net assets
$8.4M
By yearFY2020–FY2025
Revenue
$918K
FY2025▲ +201%
Tap a bar for its year
Revenue by fiscal year
FY2020$351K
FY2021$419K
FY2022$477K
FY2023$552K
FY2024$305K
FY2025$918K
Expenses
$654K
FY2025▲ +5%
Tap a bar for its year
Expenses by fiscal year
FY2020$623K
FY2021$632K
FY2022$665K
FY2023$658K
FY2024$626K
FY2025$654K
Net assets
$8.4M
FY2025▲ +3%
Tap a bar for its year
Net assets by fiscal year
FY2020$9.0M
FY2021$8.8M
FY2022$8.6M
FY2023$8.5M
FY2024$8.2M
FY2025$8.4M

From the FY2025 Form 990 (year ending September 2025) · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 1980.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

What each dollar paid for.

Grants & contributions paid 74% · $487K Operating & administrative 26% · $167K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

4 people listed on the 990-PF; $164K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$128,643Pt VII · Sec A
Co-Trustee
$20,452Pt VII · Sec A
Co-Trustee
$13,741Pt VII · Sec A
$1,208Pt VII · Sec A
See Jephson Educational Tr 2 executive salaries →

On this list? Claim this org

Something off? Claim to add context

Programs and updates

A private foundation based in Chicago, IL.

Questions for Jephson Educational Tr 2

Tap to ask. Jephson Educational Tr 2 sees how many people are interested.

Your first name shows with your question. Jephson Educational Tr 2 answers here, for everyone.

Provided by the organization

Know this org? Add your story

Grants and how to apply

Who it funds, and how to ask.

Who They Fund

Part XV · grants paid · 36 grants · $487K · 2024–2024
Keuka CollegeNY · FY2024$127,000
University of Vermont andFY2024$20,000
New York Philharmonic- Symphony SocietyFY2024$20,000
Long Trail School INCVT · FY2024$20,000
Bach Choir of BethlehemPA · FY2024$17,500
National Technical InstituteFY2024$15,000
Norwich UniversityVT · FY2024$15,000
The Seeing Eye INCNJ · FY2024$14,400
New England Conservatory ofFY2024$10,000
Third Street Music SchoolFY2024$10,000
Elmira CollegeNY · FY2024$10,000
Tufts UniversityFY2024$10,000
Curtis Institute of MusicPA · FY2024$10,000
Midland Adult Services INCNJ · FY2024$10,000
Mount Saint Mary CollegeNY · FY2024$10,000
See all 36 grants →

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV24
Average grantPart XV$14K
Median grantPart XV$10K
Largest grantPart XV$127K
Top cause focusNTEEColleges & Universities (31%)

By the numbers

The FY2025 990-PF, line by line.

1The main four
Money in
$918K
Investment income$918K
Money out
$654K
Grants paid$487K
Running costs$167K
Owns and owes
$8.4M
net assets
Cash and savings$220K
Total assets$8.4M
Liabilities$0
People
4
listed
Paid4
2In more detail
Revenue in detail
Investment income$918K
Total revenue$918K
Assets in detailEnd of year
Cash and savings together$220K
Total assets$8.4M
Liabilities$0
Net assets$8.4M
Operations
Fiscal year endsSeptember

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $918K$654K$263K$8.4M 990 PDF
FY2024 $305K$626K−$321K$8.2M 990 PDF
FY2023 $552K$658K−$106K$8.5M 990 PDF
FY2022 $477K$665K−$188K$8.6M 990 PDF
FY2021 $419K$632K−$212K$8.8M 990 PDF
FY2020 $351K$623K−$272K$9.0M 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.