• Have any questions?
  • info.zbook.org@gmail.com

A New Milestone

6m ago
17 Views
0 Downloads
5.60 MB
13 Pages
Last View : 21d ago
Last Download : n/a
Upload by : Lucca Devoe
Share:
Transcription

A New Milestone– 10 Million in Assets2015 Annual Report

“Jewish Community Foundation.our 14th Anniversary! And we have much tocelebrate. In this past year alone, we haveincreased our assets by 1.5 million dollars!” Sheldon KruthLynn H. SmithSheldon KruthLinda AlexanderFINANCIAL SNAPSHOTTO OUR COMMUNITYIn this, our 14th year of the Jewish Community Foundation, we have much to celebrate. In this past year alone, we haveincreased our assets by 1.5 million dollars, and our investment portfolio, managed by our investment committee, showedan increase of 8.37%.We have reached a milestone to be proud of 10 million dollars of assets in-hand, with another 3.5 million promisedthru deferred gifts.As of June 30, 2015, we now have 10,717,134 dollars on our balance sheet. During this past year, the Foundation transferredover 1 million dollars of their invested funds to Alliance Bernstein Global Wealth Management, a nationally known, respected andhighly credible investment firm who share in the investment responsibility, subject to the overview of the investment committee and theFoundation Board of Trustees as a further diversification and conservative approach to manage the funds. .Thank you for taking the time to read this report. The Foundation has become an integral and important part of our community.We administer Donor Advised, Endowment, Agency, and B’nai Mitzvah Funds . including our energetic Teen Philanthropists, whowere honored this past year by the Sam Pomeranz JCC, and Interfaith Works!We continued to stay focused on building endowments and bequests, taking a collaborative approach. Working in partnership withendowment committees from across the community, we assist prospective donors, existing donors, synagogues, agencies andorganizations in managing and counseling donors to obtain endowments for their programs.We solicit your interest, would be pleased to meet or answer questions regarding the Foundation and appreciate the encouragementthat has grown through the activities of our Board of Directors and the undersigned.Lynn H. SmithChairLinda AlexanderExecutive DirectorSheldon KruthSecretary/TreasurerGrants Distributed since inception 10,386,452.Grants Distributed in this fiscal year 1,457,058.Donor Advised Funds – Current Balance 4,046,420.Unrestricted Endowments Restricted Endowments 3,096,384.Field of Interest Endowments 6,450.Life Insurance – Face Value 726,000.Charitable Gift Annuities & Trusts 524,426.Agency Endowment Funds – 2,608,034.356,438.TOTAL ASSETS UNDER ADMINISTRATIONAS OF JUNE 30, 2015 10,717,134.Foundation’s Investment Performance Porfolio Gainthis Fiscal Year8.37 %FOUNDATION HIGHLIGHTSThe Jewish Community Foundation reached a new milestone in June 2015 – over 10 million dollars underadministration a gain of 1.5 million dollars in this year alone! 111 Donor Advised Funds to benefit Jewish and non-Jewish charities in CNY and around the world. 65 Endowment Funds already established, minimum 10,000, to benefit the donor’s favorite charity into perpetuity. 36 legacy gifts that have been promised thru wills, retirement funds, or insurance policies. 8 Agency Funds to help our local Jewish agencies and synagogues grow their endowments. 43 B’nai Mitzvah Funds to teach tzdehkah to the next generation. In these past 14 years, we have distributed over 10 million dollars in grants to non-profits, with 85% of themright here in Central New York. Assets under management are 10.7 million dollars. Deferred gifts promised are over 3.5 million dollars. The Foundation was honored by Interfaith Works at their Leadership Award dinner in 2015.GAIN OF Investment Portfolio for fiscal year ending June 30, 2015 is 8.37%.23

“Jewish Community Foundation reacheda new milestone 10 million in assets” Lynn H. SmithMarvin A. GoldenbergDavid T. and Ellen C. NashSpringer- Schram FundAlyse and Philip HolsteinNatur-Tyme Community FundStarlight FundAlexander and Charlotte HolsteinNeulander Family Community FundJewish Cemetery Pomeranz /ShankmanDavid and Sally HootnickThe Nice FundSyracuse Jewish Children’s FundMartin IrwinPhilip C. & Marilyn L. Pinsky FamilyTemple Concord Response to HungerOne of the most satisfying aspects of philanthropy is the ability of the donor to participate in the grant-making process.Donor Advised Funds represent a unique opportunity to do just that. Funds can be opened with a minimum gift of 2,500.You name the fund for your family or as a memorial to a loved one and you recommend grants, minimum of 100 each, toall not-for-profits. You can even designate other family members to succeed you as advisers to the Fund – into perpetuity.Elaine & Steve JacobsHoward & Ann PortThe Leslie FundDaniel & Rhea JezerJoseph & Lynn RomanoGershon and Dina VincowJewish Family Service / PomeranzPaul and Georgina RothWells FamilyYou get a full tax deduction in the year you make your gift and you can defer your distribution grants to future years.Robert and Jessie KellmanAlan & Ann RothschildPomeranz / Shankman Tech Funds (3)Victoria Foreman Kohl FamilyArnold and Libby RubensteinPomeranz / Shankman Special Needs (1)DONOR ADVISED FUND HOLDERSAnonymousNeil & Jan BronsteinEngel Family FundKolodney Family Fund*Rubenstein/RileyPomeranz / Shankman SHDS ChallengeHoward and Sara AlexanderJoan and Harold Burstyn FamilySusan & Mark FieldRichard and Olivia KronhausWilliam SerogEttarae and Herbert AlpertJerome and Phyllis CharneyFreeman Family FundSheldon & Karen KruthL. and S. Shapiro MemorialPomeranz / Shankman SyracuseCemeteries ChallengeSteve Barenholtz MemorialChesed FundFrumah Packard Cemetery FundSue Yaffee Kurn*SHDS Jewish Education CommitmentMarc and Karen BeckmanCNY Discover Day SchoolEdgar & Eva GalsonLinda H. and Jay M. LandDebrah and Barry ShulmanMartin and Nancy Belkowitz*Paul S. and Linda T. CohenAllen & Nirelle GalsonBenjamin and Susan LevineAnn Singer Family FundBenjamin & Ilana BerinsteinWilliam and Sylvia CohenRosalind GingoldElliott Meltzer Family FundCorinne and Lynn SmithGerald & Barbara BlackJoshua Ian Davis MemorialIrwin & Beth GoldbergKaroline & Willie Ment FamilySharon & Barry SlosbergB’nai Israel Congregation of AuburnSidney & Suzanne DevorsetzHarlean and Leonard P. GoldbergWendy Meyerson/Andrew Fox FamilyJ. Jeffrey Solomon FamilyHy & Anne Miller FamilySonne Family4Pomeranz / Shankman/Martin Responseto Hunger (6)Pomeranz / Shankman/Martin 2014Special Needs (7)*Pomeranz / Shankman/Martin 2015Special Needs (17)*Opened this fiscal year5

2015 GRANT RECIPIENTS – TODAY, TOMORROW AND BEYONDRecipients of 1,457,058 in grants this year from Donor Advised & B’nai Mitzvah Funds to non-profits in Central New Yorkand around the world.AAFPRS FoundationAbraham Fund InitiativesAccess CNYAdirondack ExplorerAdirondack Mountain ClubADLAhavath Achim MikvahAISHAJC GlobalALEPHAllen- Stevenson SchoolAlzheimer’s AssociationAlzheimer’s Disease ResearchAmerican Chestnut FoundationAmerican Committee for Shaare ZedekAmerican Foundation for the BlindAmerican Friends of Magen DavidAmerican Friends of IDFAmerican Friends of DVIAmerican Friends of Leket IsraelAmerican Healthcare In IsraelAmerican Heart Association6American Israel Friendship LeagueAmerican Jewish CommitteeAmerican Jewish World ServiceAmerican Printing House for the BlindAmerican Red CrossAmnesty InternationalAntique Boat MuseumARC of Onondaga CountyArise FoundationBabson CollegeBiblical Archaeology SocietyBinghamton UniversityBirthright Israel FoundationB’nai B’rith IsraelBoys & Girls ClubBoston Latin School AssociationBoston UniversityBrigham & Women’s HospitalBrockport FoundationCameraCamp Good DaysCARECase Western Reserve UniversityCatholic CharitiesCenter for Reproductive RightsCentral SynagogueCentral Universal Yeshivat Merkaz HaRav KookChabad LubavitchChabad of OswegoChadwick ResidenceChai LifelineChautauqua FundCivic MusicalsCNY Community FoundationCNY Discover Day SchoolColumbia CollegeCommon Cause Education FundCongregation Beth IsraelColonie Youth CenterCompassion and ChoicesCongregation Beth Sholom-Chevra ShasCORA FoundationCornell LabCrouse Health FoundationDana Farber Cancer InstituteDavid Horowitz Freedom CenterDavid’s RefugeDetermination Center of CNYDoctors Without BordersElmcrest Children’s CenterEpstein School of Jewish StudiesErie Canal MuseumESM Education FoundationEverett Life Cent ChautauquaEverson Museum of ArtFamily TapestryFDNY FoundationFINCAFlameFM A Better ChanceFM School DistrictFocus Greater SyracuseFood Bank CNYFrancis HouseFriends of Yad LaKashishFriends of the IDFFriends of Virgin Island National ParkFriends of the ZooFrom the Ground UpGolisano Children’s HospitalGood Life Youth FoundationHabitat for HumanityHadassahHarvard Graduate School of EducationHebrew Congregation Of ChautauquaHebrew Congregation Of St. ThomasHIASHillel Boston UniversityHillel Brooklyn CollegeHillel at Syracuse UniversityHospice of CNYHospital for Joint DiseasesInternational Fellowship Christians & JewsInternational Planned ParenthoodInternational Rescue CommitteeInterFaith WorksIthaca CollegeJames P Wilmot Cancer CenterJCAMSam Pomeranz Jewish Community CenterJCRC of NYJewish Coalition for Disaster ReliefCommunity Foundation of CNYJewish Family ServiceJewish Federation of CNYJewish Federation Palm BeachJewish Foundation RighteousJewish Guild HealthcareJewish Music & Cultural FestivalJewish National FundJFNAJim Marshall Farms FoundationJINSAJ Street Education FundKAREKomen Race for CureLeukemia & Lymphoma Society CNYLeMoyne CollegeLonghouse Council BSALoretto Fund Development OfficeMake-a- Wish FoundationManlius LibraryManlius Pebble HillManlius Senior CenterMazon, Inc.Meals on WheelsMemriMenorah ParkMOSTMuseum of ToleranceMussar InstituteNational Jewish Medical CenterNational Museum of American Jewish HistoryNCJWNew Israel FundNLEOMFNorth Area YMCANYS Sheriff’s AssociationOasisOCC FoundationOnondaga CASAOnondaga Historical AssociationOratorio SocietyOxFam AmericaPartners in Education for BusinessPlanned ParenthoodProject InterchangeRescue MissionRethink Israel InitiativeRosamond Gifford ZooSafeHavenSage UpstateSalvation ArmySamaritan CenterSAR AcademySave a Child’s HeartShaarei TorahShalvaSigma Alpha MuSimon Wiesenthal CenterSkaneateles FestivalSouthern Poverty Law CenterSolvay Youth CenterSPCA CNYStand with UsSt. Joseph’s Hospital Health CenterSyracuse ChoraleSyracuse City BalletSyracuse City School DistrictSyracuse Friends of Chamber MusicSyracuse Jewish Cemeteries AssociationSyracuse Hebrew Day SchoolSyracuse Intl. Film FestivalSyracuse UniversitySyracuse OperaSU Orange ClubSUNY College of ForestrySyracuse StageSyracuse Vocal EnsembleSymphoriaTemple Adath YeshurunTemple ConcordTemple Concord Food PantryThe Israel ProjectThousand Islands Land TrustTIBA FoundationTuberous SclerosisTufts UniversityUnited States Holocaust MuseumUnited Synagogue of Conservative JudaismUnited Way of CNYUnited Way Palm BeachUniversity of RochesterUniversity of VermontUpstate Medical University FoundationUpstate Venture ConnectUSOVera HouseWAERWCNYWilliam & MaryWillie & Celia Trump SynagogueWorld Jewish CongressWRVOYMCAZenCenter Syracuse7

ACTIVE ENDOWMENT FUNDS – RESTRICTED Minimum 10,000 donation – To benefit the Jewish Federation ofCNY’s annual campaign- minimum 10,000 donationACTIVE ENDOWMENT FUNDSEstablish an Endowment Fund in your name with a current or deferred gift:M & A PACE Fund–Neil & Robin Goldberg PACE Fund–The fund can be restricted to benefit any single synagogue, agency or organization you select, or it can be part of our General Endowment Fund fordisbursement to wherever the needs are greatest for the future Jewish community.established in 2012 by members ofin 2013 to support the Federationour community.Annual campaign.With endowed funds, only the income is dispersed annually to the donor’s designated charity, the principal being left intact and invested for growth.These permanent funds are the safekeeping our Jewish community needs to ensure its future.ANONYMOUS–Active Endowment Funds – Require a minimum gift of 10,000. These funds are invested for growth to protect the financial security of our futureJewish community. There are currently 65 active and funded Endowment Funds, which benefit agencies, organizations and synagoguesthroughout the community.Established in 2015 to support theFederation annual campaign.Paula Alexander LOJE PACE Fund–established in 2006. Paula and her husbandLawrence were significant donors to theFederation campaign. Paula wore her goldUNRESTRICTED ENDOWMENT FUNDS – Minimum 10,000 Donation“Lion of Judah” pin with honor. She decided toCarol Berendt Memorial Fund–Baurice and Helen Lafferto honor the memory of their mother, theMemorial Fund–fund was established in 2012 by Carol’sestablished in 2004 by their children whochildren to support the Jewish community.remembered their parents as strong andWilliam & Sylvia Cohen–established in 2006 to benefit ourJewish community.loving people who spent their entire life inSyracuse helping others. Their five childrenset up this fund to carry on that tradition.David and Marjorie Marshall–established in 2004 by Dr. Marshall beforehis death. Dr. Marshall also had a sizableSolly & Belle Cohen–collection of anatomic artifacts in aestablished in 2012 as a remainder frommuseum above his dental office which wastheir Donor Advised Fund.donated to the anthropologic museum ofSyracuse University.take her annual philanthropy to the next level.Alexander & Charlotte HolsteinPACE Fund–established in 2005. Alex and Chuckie set upthis fund to continue their support for theFederation’s annual campaign into perpetuity.Goldye & Ben Meltzer PACE Fund–Community PACE Fund–established by Goldye thru a bequest toestablished in 2012 for members of ourcontinue Major Gifts support for thecommunity who want to donate to this pooledFederation’s annual campaign from her andfund for a perpetual gift to the Federation’sher late husband Ben.Campaign. No minimum requirement.Allen & Nirelle Galson PACE Fund–Julius, Esther, and Helene Schrierestablished in 2007 to support thePACE Fund– established by Helene, thru aFederation’s annual campaign and in turnpor- tion of her retirement fund, to honor ofall the activities that the Federation funds.her late parents Julius and Esther’s love forthe Jewish community.Arlene & Jerome Gerber PACE Fund–Established in 2015 to support theJ. Jeffrey Solomon PACE Fund–Warren Wolfson–Federation annual campaign. Jim & Arleneestablished in 2006 in memory of Jeff by hisestablished initially as a Donor AdvisedEstablished in 2014 as a permanent giftwere major supporters of Jewish andsons, Neal and Philip, and his brother PaulFund in 2002, the Gale family hasto our community.non-Jewish organizations throughout CNY.to perpetuate the mission of the Jewishendowed this fund as a permanent giftJim was a successful furniture merchantFederation of CNY.to our community.known for his keen sense of humor. AlongKenneth & Catherine Gale–with his talented wife, Arlene, he promotedBernard & Norma Goldberg–established in 2003 by the Goldberg familywho expressed that they both began ourlives here, raised their four children here,F.L. Putnam Foundation–the idea of a Jewish Community FoundationGershon & Dina Vincow PACE Fund–established in 2002 as one of our very firstlong before it even came to be, and madeestablished in 2006. The Vincow family lookfunds this out-of- town donor felt compelledit known that they desired to support theto the PACE fund to give them theto support our new organization.Jewish community in perpetuity.opportunity for per- petual participation ingrew their business here, and want toMyrna Rubenstein–be sure that there is a viable Jewishestablished in 2004 by Myrna to support hercommunity for the next generation.charitable intent.confidence that the Foundation will secureestablished in 2013 to support theand grow their fund.Federation annual campaign.Howard & Anita WeinbergerJacob & Ann HootnickPACE Fund–70th Anniversary– established in 2006 byestablished in 2006. The WeinbergersDavid & Sally Hootnick to honor theirparent’s 70th Anniversary.Sam Pomeranz Fund–established in 2003 as one of our firstendowed funds. Sheldon & Mateele Kall,trustees of the Sam Pomeranz Trust, followthe intent of the Trust to provide funding for8the Jewish community. They have greatBernard & Norma Goldberg PACE Fund–needy CNY Jewish Agencies.appreciated the range of Jewish institutions inFrank & Beverly Goldberg PACE Fund–Syracuse which were developed by those whoestablished in 2013 to support thecame before them, and felt a responsibilityFederation annual campaign.to help ensure that these vital programs areavailable to families in the future.9

ACTIVE ENDOWMENTS –RESTRICTEDACTIVE ENDOWMENTS –RESTRICTEDTo benefit Congregation Beth Sholom Chevra Shas – minimum 10,000 donationAlan Braverman & Susan HodgeCBS-CS Fund for the Future–established in 2015 to support the future ofthe congregation. Alan explains “Susan and Imade this contribution in memory of myparents, Helen and Saul Braverman, and tohonor and recognize their role as foundingmembers of Congregation Beth ShalomChevra Shas. We hope our contribution willhelp to insure the continued vibrancy andlongevity of the Congregation.”Ona & Bernard Bregman CBS-CS Fundfor the Future–established by the Bregmans in 2008. Theyexpressed that they have been active members of the congregation for 46 years andhope to ensure its future for at least another46 years.Casper Family CBS-CS Fund forthe Future–established by Janina Casper in 2008 duringthe last year of her life to perpetuate hersupport to her beloved congregation.William & Sylvia Cohen CBS-CS Fundfor the Future–established during 2008 to supporttheir congregation.Richard & Abbe Eggert CBS-CS Fundfor the Future–established in 2008, Dick & Abbe explainthat in their 45 years of living in Syracusetheir congregation has always been animportant part of their lives. They want toplay a small part in making sure CBS-CSis there for their grandchildren and maybeeven their grandchildren’s children.Goeler, Wagner, Samuel CBS-CS Fundfor the Future–Camp Ramah established in 2011 tosupport a scholarship to Camp Ramah fora worthy teen.To benefit the Syracuse Hebrew Day School –minimum 10,000 donationSid & Donna Lipton CBS-CS Fund forthe Future–established IN 2013 to supporttheir congregation.10SHDS Barbara Davis Retirementestablished in 2006 by alumni of theScholarship Fund–Syracuse Hebrew Day School to endowestablished in 2013 in honor of Barbarascholarships for deserving families.Davis’s upcoming retirement as headof school.SHDS Cindy Martin Library Fund–Rabbi Jezer Lectureship & EducationFund at CBS-CS–This fund was established by members ofCongregation Beth Sholom Chevra Shas in2004 to honor Rabbi Daniel A Jezer uponhis retirement after 25 years of leadershipto the congregation. The goal of the fund isto sponsor scholar-in-residence programsfor the synagogue and community, exploringdifferent facets of Jewish thought, lifeand culture.Schonfeld / Feldman CBS-CS Fund forthe Future–established in 2008 by Norma Feldman asa way of honoring the past and helping toensure the future. Norma explains that thisfund is a tribute to her parents, Bernard &Pearl Schonfeld, who raised her with a loveof her Jewish heritage. She hope this fundwill serve as her legacy to a continuing vibrantcongregation for many years to come.Helene Shrier CBS-CS Fund forthe Future–established in 2009 as a bequest of herbeloved Doll Collection, Helene establishedthis fund to continue her support of thecongregation long after her passing. Shealso left a portion of her retirement fund tosupplement this gift.Emile Martin established this fund inmemory of his wife in 2008 to fund theSHDS Endowment Fund–needs of the Syracuse Hebrew Day Schoolestablished in 2005 to provide ongoinglibrary. Cindy was an avid reader, a teacheroperating support to the Syracuse Hebrewby profession, and a staunch supporter ofDay School.SHDS as a needed community instit

Robert and Jessie Kellman Victoria Foreman Kohl Family Kolodney Family Fund Richard and Olivia Kronhaus Sheldon & Karen Kruth Sue Yaffee Kurn Linda H. and Jay M. Land Benjamin and Susan Levine Elliott Meltzer Family Fund Karoline & Willie Ment Family Wendy Meyerson/Andrew Fox Family Hy & Anne Miller Family David T. and Ellen C. Nash Natur-Tyme .