FOR IMMEDIATE RELEASE:
October 3, 2013
Max Samis, Rabinowitz Communications, email@example.com, (202) 265-3000, (202) 681-2528
Jewish Federations Announce $14.3 Billion in Endowment Assets
2012 Annual Survey of Endowment Development indicates 7.6% increase
New York – Jewish Federations’ planned giving and endowment programs grew dramatically in 2012, according to a just-released annual survey.
The Jewish Federations of North America annual survey of endowment development showed Federation/Jewish community foundation-managed endowments increased a hefty 7.6 percent from the prior year’s survey, underscoring charitable endowments and contributions have continued to play a major role in furthering Jewish philanthropic giving.
“Jewish Federations have made planned giving and endowment development a priority for more than a century,” said JFNA President and CEO Jerry Silverman. “Even during challenging economic times, we have and will continue to ensure that these endowment programs remain strong.”
The annual JNFA endowment survey showed Federation endowments distributed $1.4 billion in 2012 to Jewish and secular organizations in local, national and international communities. 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.
Federation endowment assets have helped Jewish communities address a wide range of global Jewish needs. Grants have helped to support programs that advocate for social justice, deliver food and medicine to the needy, support Jewish education, provide relief in times of disaster and crisis and much more. 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.
“Jewish tradition teaches us of the importance of tikkun olam (repairing the world), and we have always made that value a cornerstone of Federation giving,” said Donna Blaustein, chair of the Planned Giving & Endowments Committee.
“I am confident that through the ongoing support of our donors, we will ensure that Jewish Federation endowments and foundations will continue to complement our annual campaign and help us advance our mission of chesed (kindness), chinuch (Jewish learning) and K’lal Yisrael (Jewish peoplehood).”
The full report can be found here.
The Jewish Federations, collectively among the top 10 charities on the continent, protects and enhances the well-being of Jews worldwide through the values of tikkun olam (repairing the world), tzedakah (charity and social justice) and Torah (Jewish learning).