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FJC Foundation
Marty Silverman created FJC in 1995 as a public charity to sponsor donor-advised funds and fiscal sponsorships. His son Lorin Silverman now serves as board...
FJC Foundation
Marty Silverman created FJC in 1995 as a public charity to sponsor donor-advised funds and fiscal sponsorships. His son Lorin Silverman now serves as board chair while Sam Marks acts as chief executive. The organization has distributed more than $700 million in grants since inception. FJC allocates roughly 15 percent of assets to private equity and deploys the balance across public equities, fixed income, and impact vehicles. The Agency Loan Fund has originated more than $400 million in loans since launch, including a $4.25 million acquisition loan for the 94-unit Casanova affordable-housing project in the Bronx. Additional commitments support Castle Gardens in West Harlem and a revolving match fund with Deutsche Bank. Geographic reach centers on New York with limited activity in Colorado and California. The firm employs no disclosed headcount figure and maintains a single office in New York. Adjacent vehicles include the Marty and Dorothy Silverman Foundation, which provides credit enhancement for the Agency Loan Fund. In November 2024 Sam Marks spoke at the ThinkAdvisor Luminaries Awards on innovation in philanthropy and impact investing. FJC’s structure separates donor-advised fund accounts from its proprietary loan book, allowing the Marty and Dorothy Silverman Foundation to purchase potentially impaired loans and thereby protect donor capital without direct recourse to individual DAFs.
General information
Firm type
Endowment / Foundation
Year founded
1995
Location
Region
North America
Country
United States
City
New York
Corporate office
225 West 39th Street, 12th Floor, New York, NY 10018, United States
Principals
Marty Silverman
Founder
Lorin Silverman
President
Sam Marks
Chief Executive Officer
Sector focus
Frequently asked questions
Who runs investment decisions at FJC Foundation?
Lorin Silverman serves as board chair and Sam Marks serves as chief executive officer. Investment oversight is exercised through the Agency Loan Fund and external advisors including JEG Capital Partners.
Does FJC Foundation participate in fund commitments or only direct deals?
FJC makes direct loans through its Agency Loan Fund and participates in co-lending arrangements such as the Working Capital Revolving Match Fund with Deutsche Bank. It does not disclose commitments to third-party private funds.
What investment stages does FJC Foundation typically target?
The Agency Loan Fund provides bridge financing and working-capital facilities to established nonprofits. Predevelopment loans have supported affordable-housing projects prior to construction closing.
Where does the underlying wealth come from?
Founder Marty Silverman built National Equipment Rental. No further attribution of current assets to specific family branches is publicly disclosed.
Does FJC Foundation maintain philanthropic structures, and how are they separated?
FJC itself is a public charity. The separate Marty and Dorothy Silverman Foundation supplies credit enhancement to the Agency Loan Fund and has funded grants such as the Albany Medical Center Prize.
How does FJC Foundation source proprietary deal flow?
Deal flow arrives through relationships with nonprofit borrowers, fiscal-sponsorship applicants, and memberships in Philanthropy New York and Confluence Philanthropy.
Is FJC Foundation structured as a single family office or does it operate more like a venture firm?
FJC operates as a public charity sponsoring donor-advised funds and impact-loan vehicles. It is not organized or regulated as a family office.
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