The Jewish Community Foundation continues to grow in the second half of its fiscal year. In the past six months, we have raised $9.3 million, almost $3 million more than the amount raised by the same time last year, and added 20 new funds.
The Centennial Fund for a Jewish Future (CFJF), established to build endowment funds to support programs and activities that ensure a strong Jewish community, has achieved it first goal of raising $12 million in commitments in 12 months. Initial gifts to CFJF have helped encourage participation in Jewish overnight camps, providing scholarships to more than 70 children; travel to Israel, by increasing capacity of Birthright; and support for the Edward and Rose Berman Hillel Jewish University Center and our Jewish day schools. As we begin the next phase of this effort, we will continue to reach out with news of the positive impact CFJF is already making and engage individuals committed to supporting a thriving Jewish community.
Creating a fund in the Jewish Community Foundation can be very simple. For example, anyone can create a "donor advised fund" with as little as $5,000. In a donor advised fund, the donor gets a tax deduction immediately (even for the fair market value of appreciated securities), and then can decide over time which charities he or she would like to support, and disbursements are made from the fund later. You can even pay synagogue membership with a donor advised fund. For information about setting up a fund with the Foundation, please contact Dan Brandeis.