Jewish Community Foundation-Managed Endowments On the Rise
Jewish community foundation-managed endowments increased 7.6 percent in 2012 over the previous year, a new survey found.
The Jewish Federations of North America annual survey of endowment development released last week showed federation endowments distributed $1.4 billion in 2012 to Jewish and secular organizations locally, nationally and internationally.
Endowment assets grew in 2012 to $14.3 billion, and contributions to endowment programs rose to $1.8 billion.
Overall, endowment contributions plus contributions to the federations’ annual campaign combined for $2.7 billion overall.
Endowment grants have been used to support programs that advocate for social justice, deliver food and medicine to the needy, fund Jewish education, and provide disaster relief.
Endowment assets included unrestricted funds, restricted permanent funds, donor-advised funds, supporting foundations, legacy and other types of gifts contributed to federations and Jewish community foundations.
A message from our CEO & publisher Rachel Fishman Feddersen
I hope you appreciated this article. Before you go, I’d like to ask you to please support the Forward’s award-winning, nonprofit journalism during this critical time.
We’ve set a goal to raise $260,000 by December 31. That’s an ambitious goal, but one that will give us the resources we need to invest in the high quality news, opinion, analysis and cultural coverage that isn’t available anywhere else.
If you feel inspired to make an impact, now is the time to give something back. Join us as a member at your most generous level.
— Rachel Fishman Feddersen, Publisher and CEO