Jewish Free Loan announced four new named loan funds at its annual meeting held May 11 at Temple Chai.
Andrews Sacks General Loan Fund: Established by Jim Andrews and Susan Sacks, this fund will provide interest-free loans to Jewish Arizonans.
Sol, Rhoda & Jonathan Benaderet, z”l, Medical Loan Fund: This fund was established by Dr. Linda Benaderet in memory of her beloved parents and nephew. The fund will support the provision of interest-free loans for any expenses related to a serious illness, with special focus on cancer and Alzheimer’s care.
Selma Fiel Fund for the Future: This fund was established in memory of JFL’s first executive director and will provide unrestricted support to the organization.
Wolf Family Loan Fund for Parkinson’s and Dementia: Constance Wolf established this fund in memory of and to honor her husband, Al Wolf, who fought Parkinson’s and dementia for more than 10 years. The fund will support people enduring these diseases, as well as the family members who love and care for them.
Jewish Free Loan has distributed more than $545,000 in interest-free loans so far this fiscal year, which ends May 31, according to Ellen Sacks, JFL associate executive director. This represents a 32 percent growth in its loan program compared to the same time period last fiscal year.
These new named loan funds bring JFL’s named loan fund total to 45.
At the meeting, Debbie Yunker Kail, executive director of Hillel Jewish Student Center at Arizona State University, shared the impact that a Jewish Free Loan interest-free loan has had on her life, and Ron Blau and Barrett Silver were honored with the Harry Adler Memorial Leadership Award in recognition of their dedication to and leadership of JFL.
JFL also installed the 2017-2018 board of directors and recognized the work of outgoing president, Larry Moffitt, and incoming president, Ira Shapiro.
Since JFL’s inception 67 years ago, thousands of individuals and families have been able to continue their education, travel to Israel, start a business, tend to medical and dental needs, experience Jewish summer camp, adopt a child, provide a loved one with a Jewish burial, avoid eviction and navigate numerous other life experiences without the worry or burden of compounding interest. Visit jewishfreeloan.org.