UJA-Federation of New York reported $350.5 million in revenue and $275.8 million in grants in FY2025, and has allocated more than $320 million to Israel since October 7, funding beneficiary agencies across New York, Israel, and dozens of other countries.
UJA-Federation of New York disbursed $275.8 million in grants in fiscal year 2025 and reported $350.5 million in total revenue against $373.96 million in expenses, according to its Form 990 filed with the IRS on May 14, 2026. Net assets stood at $1.7 billion. The federation has separately allocated more than $320 million to Israel since October 7, 2023.
What Is UJA-Federation of New York?
UJA-Federation of New York is a 501(c)(3) nonprofit (EIN 51-0172429) formed in 1986 from the merger of the United Jewish Appeal and the Federation of Jewish Philanthropies of New York, whose predecessor organizations date to 1917. It is widely described as the largest local Jewish philanthropy in the world, funding social service, healthcare, and Jewish communal organizations across New York, Israel, and more than 60 other countries.
CEO Eric Goldstein announced in July 2025 that he will step down on June 30, 2026, after 12 years leading the federation, according to The Jerusalem Post. Goldstein joined UJA in 2014 after a career as a litigation partner at Paul, Weiss, Rifkind, Wharton & Garrison LLP, where he made partner in 1992. He has also served as president of the Beth Din of America and on the boards of Manhattan Day School and Ramaz School.
Board chair Marc Rowan, co-founder of Apollo Global Management, took over the chair role during fiscal year 2024, succeeding David L. Moore, according to the federation's IRS filings. Linda Mirels serves as president. No successor CEO had been named as of Goldstein's most recent public comments in January 2026.
How Much Revenue Did UJA-Federation Report in FY2025?
UJA-Federation reported $350,493,949 in total revenue for the fiscal year ended June 30, 2025, against $373,956,755 in expenses, a net loss of $23,462,806, according to its Form 990. Total assets were $1,879,881,738 and total liabilities were $175,988,196.
| Revenue source | Amount | Share of revenue |
|---|---|---|
| Contributions | $280,005,322 | 79.9% |
| Sales of assets | $49,499,941 | 14.1% |
| Investment income | $25,254,252 | 7.2% |
| Program services | $997,504 | 0.3% |
| Rental property income | $97,006 | 0.0% |
| Net fundraising | -$5,643,646 | n/a |
Revenue fell from $484.3 million in fiscal year 2024, when contributions alone reached $424.2 million, a surge tied to post-October 7 emergency giving, according to the same IRS filing data.
UJA-Federation's own annual report separately states that donors "raised an incredible $316 million" in fiscal year 2025. That figure is the annual campaign total, direct donor giving to the yearly appeal, a narrower measure than the $350.5 million total revenue reported on the Form 990, which also includes investment income and gains on asset sales.
Where Does UJA-Federation's $275.8 Million in Grants Go?
UJA-Federation disbursed $275.8 million in grants in fiscal year 2025, funding more than 100 network beneficiary agencies, synagogues, and Jewish organizations across New York, Israel, and dozens of other countries, according to the federation's 2025 Grants Book.
Named grantees in the 2025 Grants Book include:
- AJEEC-NISPED's shared-society programming in the Negev
- The Vivian Silver Center for Shared Society
- HIAS's mental health and psychosocial services in Ukraine
- The Honeymoon Israel Foundation
- Henry Kaufmann Campgrounds' work with Bronx House
- The American Israel Education Foundation
- Amudim Community Resources
The federation's own program figures for FY2025 include support for nearly 153,800 seniors in social and wellness programs, more than 61,000 campers at Jewish summer day camps worldwide, and roughly $7.7 million directed specifically to the needs of Holocaust survivors.
Some individual FY2025 grants have drawn donor scrutiny. For a line-by-line review of specific grants to advocacy organizations, see Olam's review of UJA-Federation's grants to Bend the Arc, T'ruah, and Jewish Majority.
How Much Has UJA-Federation Allocated to Israel Since October 7?
UJA-Federation has allocated more than $320 million to Israel since the October 7, 2023 Hamas attacks, describing itself as one of the first and largest philanthropic funders operating in Israel during the war, according to its own annual report.
The federation says two years of conflict left 800,000 Israelis newly vulnerable, a population it did not consider at risk before October 6, 2023, according to comments CEO Eric Goldstein gave to eJewishPhilanthropy in January 2026. Separately, UJA-Federation has funded security upgrades at 3,400 Jewish institutions through its Community Security Initiative.
In August 2025, the federation also pledged $1 million to IsraAID for humanitarian aid to displaced civilians in Gaza, according to The Jerusalem Post.
What Do UJA-Federation's Top Executives Earn?
UJA-Federation's highest-paid employee in fiscal year 2025 was Chief Investment Officer Devana Cohen, who received $992,918 in reportable compensation plus $34,608 in other compensation, according to the federation's Form 990.
| Executive | Reportable compensation | Other compensation |
|---|---|---|
| Devana Cohen, Chief Investment Officer | $992,918 | $34,608 |
| Eric S. Goldstein, Chief Executive Officer | $949,574 | $73,137 |
| Luz D. Liebeskind, Chief Financial Officer | $728,278 | $20,974 |
| Mark Medin, Executive Vice President | $669,983 | $244,323 |
| Ellen R. Zimmerman, Secretary/General Counsel | $452,207 | $122,371 |
| Deborah Joselow, Chief Planning Officer | $443,630 | $78,556 |
Board chair Marc Rowan and president Linda Mirels, both volunteer directors, received no compensation from the federation, per the same filing.
What Are UJA-Federation's Net Assets and Financial Position?
UJA-Federation held $1,703,893,542 in net assets as of June 30, 2025, up from $1,644,830,000 a year earlier, according to its Form 990. Net assets have grown from $1,446,740,000 in fiscal year 2023 and $1,506,417,000 in fiscal year 2021, IRS filings show.
The FY2025 net loss of $23.46 million, driven by expenses outpacing revenue after the prior year's post-October 7 giving surge, did not reverse this multi-year growth in net assets.
Related Charity Financial Audits and Institutional Coverage
For Olam's review of a specific set of UJA-Federation grants that have drawn donor scrutiny, including funding tied to organizations opposing the IHRA antisemitism definition, see UJA-Federation Gave $280,000 to Organizations That Endorsed Mamdani, Oppose the IHRA Definition, and Fight Israel's Defenders. For comparable audit-based profiles of other major Israel-focused charities, see Olam's FIDF financial profile, covering Friends of the Israel Defense Forces' $139 million in annual program grants and $137 million in unrestricted net assets, and Olam's audit of United Hatzalah's $224 million raised across FY2023-FY2024. For Olam's broader institutional-accountability work on major Jewish organizations' leadership and funding, see Olam's audit of the ADL's workforce and leadership pipeline.
Where This Data Comes From
Financial figures in this article are drawn from UJA-Federation of New York's Form 990 filing for the year ended June 2025, hosted by ProPublica's Nonprofit Explorer, and from the federation's own Annual Report and Grants Book. Background on the federation's history and leadership draws on Wikipedia's UJA-Federation of New York entry and reporting from The Jerusalem Post on Goldstein's departure.
