Foundation Report

The Jewish Community Foundation of Greater Phoenix showed healthy growth and an increase in giving to community programs and organizations in 2017.

The Foundation recently released its annual report for 2017. The Foundation finished last year with $55 million in assets under management, up from $46.5 million in 2016.

In addition, new contributions to the Foundation in 2017 exceeded $8 million.

Grants from discretionary and donor-directed funds provided more than $4.8 million in charitable support locally, nationally and in Israel.

In 2017, the Foundation also launched its small grants program in order to respond more efficiently to the needs of the Valley Jewish community. The new program awarded nine small grants totaling $16,000.

Also last year, the Foundation’s Life & Legacy program secured more than 600 end-of-lifetime financial commitments with an estimated future value of nearly $22.3 million.

The Foundation provided a $45,000 grant to update security measures at the Ina Levine Jewish Community Campus. In addition, following a deadly series of hurricanes on the Gulf Coast and in the Caribbean, the Foundation matched every gift made to Jewish Federation of Greater Phoenix’s emergency disaster relief campaign up to $20,000.

“It would have been easy to simply send a $20,000 check to the Federation, but the Foundation wanted to involve the Valley’s Jewish community in the fundraising effort,” said Richard Kasper, president and CEO of the Foundation.

In discretionary grants, the Foundation awarded $218,327 through its competitive grants process. An additional $45,000 was awarded through reserve and off-cycle funding. The total dollar amount of grants awarded was $263,327.

In 2017, 187 children received need-based camp scholarships, totaling $61,102. The funds were made possible by a grant from the Molly Blank Fund and the Jack Bromfield, Kenneth Maltenfort and Labe Eric Targovnik endowment funds, housed at the Foundation. The majority of funds support Jewish overnight camp.

Here is a partial listing of organizations that received grants from the Foundation in 2017:

Fund for Jewish Philanthropy Grants — Local Community

Bureau of Jewish Education: $3,250 for School Enrichment Project

East Valley Jewish Community Center: $10,000 for Teen Leadership Program

Jewish Community Relations Council: $20,000 for infrastructure support

Jewish Family & Children’s Service: $20,000 for Creative Aging

Jewish Federation of Greater Phoenix: $20,000, JFNA Disaster Relief Grant

Phoenix Holocaust Survivors’ Association/Generations After: $15,000 for “Focus on the Holocaust” program

West Coast NCSY: $10,000 for Jewish Student Union Culture Clubs

Yeshiva High School: $10,000 for college guidance and counseling

Fund for Jewish Philanthropy Grants — Israel

Adva Center: $6,750 for Negev Forum of    Women Business Leaders

Arab Jewish Community Center: $9,000 for “Wages of Change”

Be-Atzmi: $6,750 for “Mifne for Haredi Families in Israel”

Field of Interest Funds

Physically Disadvantaged Children’s Fund: $2,446 for Gesher Disability Resources Summer Camp Inclusion Resources

Paul Vermes Endowment for Disabled Youth in Israel: $10,614 for Shekel Community Services for People with Special Needs

Last year, the B’nai Tzedek Youth Philanthropy Board also made grants to the following organizations:

Ethiopian National Project: $1,166 for Scholastic Assistance Program

Meir Panim: $1,000 for TikvaHope Ben Gurion Neighborhood Youth Club

Circle the City: $3,000 for general operating support

Family Promise: $2,826 for general operating support

To read the entire report, visit JN

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