Empower Your Giving and Ensure Your Legacy

Empower your giving and ensure your legacy.

ANNUAL REPORT

Your generosity can impact the present and sustain the future. Mission

As our parents planted for us, so we plant for those who come after us. This teaching has been, and continues to be, an important part of our heritage and tradition. Accordingly, we make a promise that a strong and vibrant Jewish community will be here for our children, for their children and their children’s children as it was for us. We will make this possible through Endowment Funds that ensure the continuity and vitality of Jewish life in Central New York.

The mission of The Jewish Community Foundation of Central New York, Inc. is to create endowment funds to ensure the continuity of Jewish life and meet the changing opportunities and needs of both the local and worldwide Jewish community.

Goals of the Jewish Community Foundation of Central New York g Provide donors the ability to fulfill their philanthropic Jewish interests with opportunities for giving that are simple and meaningful. g Serve as the local depository of Endowment Funds for the entire Central New York Jewish community. g Assist donors in identifying programs and organizations that can benefit from endowment funding. g Create a philanthropic environment to make giving relevant and meaningful to people of all ages. g Function in a manner consistent with the best principles, traditions, and teachings of our people. g Operate with support from and support for the Jewish Federation of Central New York. To Our Community

We are pleased to report that the Jewish Community Foundation administered approximately $18,868,000 in assets in its 2019-2020 fiscal year. This is an increase of almost $1,816,000. In addition, we have received promises of over $2,900,000 through planned giving.

We distributed $2,000,000 to a multitude of charities—almost $260,000 more than last year. The donor advised fund is a valuable vehicle for people to use to distribute funds to their favorite charities.

Our investment portfolio is managed by The Vanguard Group and American Funds, under the supervision of our investment committee, a dedicated group of volunteers who watch and research trends to maximize returns.

This year we contributed $250,000 to the Federation’s annual campaign. Those funds helped improve the lives of so many people and institutions in our community-- teen funders, synagogues, educational groups, agencies and organizations that promote our traditions and values.

Our Board thanks the donors and volunteers who have contributed so much to making this Foundation the success it has become. There is much hard work yet to be done, and we welcome your contributions and cooperation.

All data as of June 30, 2020. All numbers are approximate.

3 From the Foundation Board of Trustees Neil Bronstein, Chair

Times of crisis are also times when supporters emerge who want to make a difference in their community. Right now, when people are feeling out of control, supporting a nonprofit provides a source of inspiration and empowerment. That is why the Foundation is working hard to invite in new supporters to be part of changing the world for the better. We are proud of the fact that the Foundation has been able to contribute almost $250,000 to the Federation both last year and this year. That is a direct result of our prudent investing and the continued generosity of our fund-holders. We are proud of the fact that our stewardship of our community’s resources has been successful. We are proud of the fact that so many Neil Bronstein BOARD CHAIR members of our community have come to value the Foundation and see it as an integral part of our community’s future. As the country deals with ever-greater personal loss and stress, charitable organizations can no longer do business as usual. The line between supporters and the supported has grown hazier. All of us will need help, and all of us will need to do our best to provide help to others. In the weeks and months ahead, nonprofits will need a major infusion of cash to keep staff on the payroll, to pay rent and utilities, to provide a semblance of services during this period of social isolation, and, simply, to survive. No one knows what will happen in the longer term, or which organizations will survive. But the one thing we do know is that the Jewish Community Foundation of Central New York is in it for the long haul, that we will continue to do our best to wisely invest the funds with which we are entrusted, and we will provide a way for those who care about our community to have the greatest impact on the wide range of issues that they care about. On behalf of the Board of the Foundation, I want to express our sincerest thanks to our fundholders and donors for your trust and your belief in our mission. With your faithful financial contributions over the years, you’ve demonstrated your deep commitment to our work of ensuring the continuity and vitality of Jewish life in Central New York.

4 Who has a Donor Advised Fund?

Donor Advised Funds represent a unique opportunity to participate in the grant-making process. Funds can be opened with a minimum gift of $2,500 and can be named for the donor, the donor’s family or as a memorial to a loved one. Donors recommend grants ($100 or more) to the charities of their choice. Family members can be named to succeed the original donor as advisors to the fund in perpetuity. The Foundation currently manages $4.9 million in Donor Advised Funds.

Anonymous Elaine and Steve Jacobs Pomeranz/Shankman Anonymous Rhea and Daniel Jezer Kellman Family Syracuse Hebrew Day School Challenge Steve Barenholtz Family Memorial Kolodney Family Howard and Ann Port Marc and Karen Beckman Richard and Olivia Kronhaus Joseph and Lynne Romano Benjamin and Ilana Berinstein Linda H. and Jay M. Land Paul and Georgina Roth Gerald and Barbara Black Mickey Lebowitz and Anne B. Ruffer Alan and Ann Rothschild Neil and Jan Bronstein Karoline and Willie Ment Arnold and Libby Rubenstein Joan and Harold Burstyn Family Wendy Meyerson/Andrew Fox Rubenstein/Riley CNY Discover Day School Morgan Road Investors LLC William Serog Chesed Fund David T. and Ellen C. Nash SHDS Jewish Education Commitment Paul S. and Linda T. Cohen Natur-Tyme Community Fund Barry and Debrah Shulman William N. and Sylvia W. Cohen Philip C. and Marilyn L. Pinsky Mitchell and Louis Shulman Joshua Ian Davis Memorial Pomeranz/Shankman Response Ann Singer Family Fund Engel Family to Hunger (1) Sharon and Barry Slosberg Federation/Pomeranz Pomeranz/Shankman Lillian and Emanuel Slutzker Hillel Security Fund Syracuse Cemeteries Challenge at Syracuse University Pomeranz/Shankman Tech Funds (1) Susan and Mark Field Corinne and Lynn Smith Pomeranz/Shankman/Martin 2014 Gary and Debbie Freeman Janice and Bruce Smith Special Needs (1) Frumah Packard Cemetery Fund J. Jeffrey Solomon Family Fund Pomeranz/Shankman/Martin 2015 Allen and Nirelle Galson Special Needs (2) John and Ann Sonne Edgar and Eva Galson Pomeranz/Shankman/Martin 2016 Starlight Fund Harlean and Leonard P. Goldberg Special Needs (2) Syracuse Cemeteries /Pomeranz Trust Irwin and Beth Goldberg Pomeranz/Shankman/Martin 2017 Syracuse Jewish Children’s Fund Neil and Robin Goldberg Senior Needs (3) Temple Concord Response to Hunger Seth and Leah Goldberg Pomeranz/Shankman/Martin 2017 The Leslie Fund Special Needs (2) Marvin A. Goldenberg The Nice Fund Pomeranz/Shankman/Martin 2018 Alexander and Charlotte Holstein Special Needs (3) Gershon and Dina Vincow Philip and Alyse Holstein Pomeranz/Shankman/Martin 2019 Walzer Family Philip L. Holstein Memorial Fund Special Needs (7) Arnold and Miriam Weiner David and Sally Hootnick Pomeranz/Shankman/Martin 2020 Wells Family Fund Martin Irwin Special Needs (16) Sam and Robin Young New this fiscal year

Who gives charity with a–Nachman smile isof Bratslavtruly a right-minded person.

5 Recipients of Donor Advised Funds

American Board of Facial Plastic Brady Center to Prevent Hadassah And Reconstructive Surgery Gun Violence Harvard Grad School of Education Access CNY Brandeis University Hasbro Children’s Hospital American Civil Liberties Union Brennan Center for Justice Hebrew Cong of Chautauqua ADL League Brigham & Women’s Hospital HIAS Ahavath Achim Mikvah Brooklyn College Hillel House Hicksville Boys & Girls Club Alzheimer’s Disease Research Brigham & Women’s Development Office Hillel at Syracuse University American Chestnut Foundation CAMERA Hillel The Foundation for American Diabetes Association Camp Ramah New England Jewish Campus American Friends of Dental Cancer Connects Hillsdale College Volunteers for Israel Case Western Reserve University Hiscock Legal Aid Society American Friends of Magen David Catholic Charities Hispanic Federation Adom Cazenovia Area Volunteer Ambulance Hospice of Central New York American Friends of Orr Shalom Congregation Beth Sholom-Chevra Shas Human Rights Watch American Healthcare in Israel Center for Constitutional Rights In My Father’s Kitchen American Heart Association Central New York Community Interfaith Alliance American Heart Association in CNY Foundation InterFaith Works American-Israel Friendship League Chabad House of Syracuse International Fellowship American Jewish Committee Chabad Lubavitch of CNY of Christians & Jews American Jewish World Service Chai Lifeline J Street Education Fund Amnesty International City of Hope James Wilmot Cancer Center ARC of Onondaga Foundation Clarence Fraim Boys & Girls Club Jerusalem Foundation Arthritis Foundation Combined Jewish Philanthropies Jewish Community Foundation of CNY Aryaloka Buddhist Center Cornell University Jewish Family Service - CT Ashoka Innovators for the Public School of Hotel Administration Jewish Family Service -Kosher Believe in a Cure Crouse Health Foundation Meals on Wheels Beth Israel Center Dana Farber Cancer Institute Jewish Federation of CNY Binghamton University David Horowitz Freedom Center Jewish Federation of New Hampshire B’nai B’rith International Determination Center of CNY Jewish Federation of Boca Raton Philharmonic Dewitt Community Library Palm Beach County Symphonia, Inc. Doctors Without Borders Jewish Federation of Boston Latin School Association Dunbar Association South Palm Beach County Boys & Girls Club of Allentown EarthJustice Jewish National Fund Boys & Girls Club of Delaware Empire Justice Jewish Women’s Archive Boys & Girls Club of Gloucester County Epstein School of Jewish Studies Jim Marshall Farms Foundation Boys & Girls Club of Everson Museum of Art The Jewish Institute for Greater Waterbury Finca National Security of America Boys & Girls Club of Harlem Finger Lakes Land Trust KARE Boys & Girls Club of Hartford The Finger Lakes Area Community Keshet Boys & Girls Club of Hudson County Endowment - Inclusion in Motion Legal Services of Central New York Boys & Girls Club of Milford FM - A Better Chance Leukemia & Lymphoma Society Boys & Girls Club of New Rochelle Focus Greater Syracuse Upstate NY/VT Boys & Girls Club of Newburgh Inc. Food Bank of Central New York Longhouse Council, BSA Boys & Girls Club of Rochester Francis House Lustgarten Foundation Boys & Girls Clubs of Friends of the Arava Institute Make -A- Wish Foundation of CNY Lodi & Hackensack Friends of the Central Library Manlius Library Boys & Girls Clubs of Mercer County Frumah Packard Cemetery Manlius Senior Centre Boys & Girls Clubs of Gather Massachusetts General Hospital Monmouth County Good Neighbor Settlement House Mayo Clinic Boys & Girls Clubs of Philadelphia Greenpeace Mazon Boys & Girls Clubs of Syracuse Habitat for Humanity International MD Anderson Cancer Center

; p Recipients of Donor Advised Funds

Meals on Wheels Sage Upstate The Jewish Guild Healthcare Meals on Wheels of Syracuse Saint Agatha Foundation The Lord’s Place Memorial Sloan-Kettering Cancer Center Salvation Army of Syracuse The Nature Conservancy Memri Samaritan Center The Refugee and Immigrant Center Menorah Park Foundation Sam Pomeranz Jewish Community for Education and Legal Services Milagro Center Center of Syracuse The Victory Center Museum of Science & Technology Seacoast Repertory Theatre Town of Wallkill Boys & Girls Club Museum of Tolerance Shaarei Shamayim Traditions at the Links NAACP Legal Defense Shaarei Torah Orthodox Congregation UJA Federation of New York & Educational Fund of Syracuse United Way Na’amat Syracuse Hebrew Day School United Way of Greater Philadelphia National Jewish Health Sierra Club and Southern New Jersey National Kidney Foundation Sigma Alpha Mu Foundation United Way of Broome County Nature Conservancy Simon Wiesenthal Center United Way of Bucks County Navy Seal Foundation Skaneateles Festival United Way of Central & NE Connecticut Neve Shalom/ Wahat Al-salam Skaneateles Lake Association United Way of Central Jersey New Hampshire Food Bank Southern Maine United Way of Central New York New Hampshire PBS Jewish Cemetery Association United Way of Chester County New Hampshire Public Radio Society for New Music United Way of Coastal Fairfield County New Hampshire Theater Project Society Protection of Nature in Israel United Way of Greater New Haven New Israel Fund Southern Poverty Law Center United Way of Greater Union County National Jewish Outreach Program St Joseph’s Health Foundation United Way of Long Island NOW Foundation Strawberry Banke Museum United Way of New York City New York Civil Liberties SU Athletics United Way of Northern New Jersey Union Foundation SUNY College of Science & Forestry United Way of Northern New York NYU Langone Medicine Center Symphoria United Way of Southeastern Connecticut Oasis Syracuse Chorale United Way of Westchester and Putnam Oliver Boys & Girls Club Syracuse City Ballet United Way of Western Connecticut Onondaga Historical Association Syracuse City School District Ed. Fndt University of North Carolina Athletics Palm Beach United Way Syracuse Community Hebrew School University of Pennsylvania-Law School Paris Review Foundation Syracuse Jewish Cemeteries Association University of Rochester Parkinson’s Foundation Syracuse Jewish Family Service Upstate Medical University Foundation Partners in Education & Business Syracuse Opera Ursinus College Partners in Health Syracuse Stage US Holocaust Memorial Museum Peabody Essex Museum Syracuse University UNHCR – the UN Refugee Agency Pequot Library Syracuse University Vera House Foundation Phi Beta Kappa Society College of Arts & Science Volunteer Lawyers Project of Onon. Cnty Pine Crest School Syracuse University School of Education WAER Planned Parenthood Technoserve WCNY Central & Western NY Temple Adath Yeshurun We Rise Above the Streets Planned Parenthood of America Temple Concord Wellesley Hillel Planned Parenthood of Temple Concord Food Pantry Westhampton Free Library Northern New England Tenement Museum William & Mary Foundation Planned Parenthood of Texas Civil Rights Project World Jewish Congress Rochester/Syracuse The American Society for the WRVO Pocono Mountains United Way Prevention of Cruelty to Animals Yiddish Book Center Radcliff Inst. for Advance Study The Educational & Research Foundation YMCA of Greater Syracuse Rahma Clinic for the American Academy of Facial Young@Heart Chorus ReliaStar Life Insurance Company Plastic and Reconstructive Surgery Youth S’portStock Rescue Mission Alliance of Syracuse The Israel Project Zen Center of Syracuse Rethink the Conversation The Jewish Foundation for the Righteous

7 State of the Foundation Michael Balanoff, Executive Director

To work for and to lead a Jewish organization is fundamentally an act of hope. It represents a belief in core values, a commitment to enhancing Jewish life in America and desire to make a more meaningful and better world for our children and grandchildren. To work for the Jewish Community Foundation of Central New York is to stand on the shoulders of giants. Thanks to the foresight of Alex Holstein and Linda Alexander and the visionary women and men who are our Foundation’s trustees past and present, as well as our donors, the Jewish Community Foundation of Central New York will allow our community to remain stable in the current unprecedented maelstrom of COVID-19 and continue to provide vital services to the Jewish Michael Balanoff EXECUTIVE DIRECTOR community, locally, nationally and internationally. Building a strong, sustainable Jewish community is part of our vision. At the Foundation, we never lose sight of what’s really important – and it’s not always measured in dollars. It’s about helping people. Let me share a true but anonymized story with you. The coronavirus has stood the world on its head. There is a very generous woman in our community. For decades she took on leadership positions with the Federation and other institutions in the community. She created an endowment fund at the Foundation to provide meals for seniors through the JCC lunch program. Then the pandemic hit. Suddenly, this very same woman, who had done so much for others, found herself alone, with no family living locally, and facing a “stay at home” order. The very program she endowed was shuttered. Our community, however, offers a kosher meals on wheels program through the Jewish Family Service, supported by Federation, which in turn is sustained by the Foundation. Thanks to this program, not only did this fine lady receive meals during the quarantine, but also had someone checking on her and showing her a friendly face three times a week when the meals were delivered. If there is one thing we have learned from the pandemic, it is the vital importance of having the vision and wisdom to build endowments to create solid financial foundations for the Jewish future. More and more, Central New Yorkers are turning to us to find tax-wise solutions, which enable them to make even bigger contributions to the causes they care about. Thanks to the careful stewardship of our Investment Committee, the Foundation continues to grow, expand, and thrive, and our progress shows no signs of stopping in the years to come. The numbers reported tonight give you a sense of the difference we have made this year. The Foundation contributed almost a quarter of a million dollars to the Federation campaign this year and last, allowing us to continue to support vital services in the areas of Jewish life and Jewish education. We look forward to achieving more in the years to come, as we work to help individuals and institutions in our community integrate legacy giving into their philanthropic culture to assure their sustainability well into the future. Our successes in fiscal year 2020 are stepping stones to an even brighter future.

8 Unrestricted Endowment Funds

Endowment funds can be restricted to benefit a single synagogue, agency or organization or can be part of the Foundation’s Unrestricted Endowment Fund for disbursement to meet the greatest future needs of our Jewish community. Only the income of an endowment fund is disbursed annually; the principal is left intact and invested for growth. Permanent funds are the safekeeping our Jewish community needs to ensure its future. Endowment funds may be established with a minimum gift of $10,000. These funds are invested for growth through the careful financial management of professionals and the oversight of the Board at the JCFCNY.

Carol Berendt Memorial Fund To honor the memory of their mother, the unrestricted fund was established in 2012 by Carol’s children.

Solly and Belle Cohen Fund Fund established in 2012 William and David and from the remainder of their Lillian Spector Fund Sylvia Cohen Fund Marjorie Marshall Fund Established in 2017, a generous Donor Advised Fund as an An unrestricted fund Dr. Marshall established unrestricted endowment fund. gift was made as unrestricted established in 2006. his unrestricted endowment support to the Foundation’s before his death in 2004. endowment to benefit the Amy Devorsetz Eliezer Fund entire Jewish community. An unrestricted fund established in 2018.

F.L. Putman Foundation Fund One of the endowment’s first funds, the out-of-town donor Kenneth and felt compelled to support Catherine Gale Fund the newly formed Jewish Initially established as a Elliott Meltzer Fund His support for the Federation Community Foundation with donor advised fund, in 2002 Warren Wolfson Fund an unrestricted gift. the fund was transferred to is a permanent testament an unrestricted endowment. to his generosity. Established in 2014, this unrestricted endowment Sam Pomeranz Fund fund was made a permanent One of the endowment’s gift to the community. first funds, the trustees of the Sam Pomeranz Trust, Sheldon and Mateele Kall established this fund to provide for needy CNY Jewish agencies.

Bernard and Myrna Rubenstein Fund Abe Shankman Fund Norma Goldberg Fund Established in 2012 to help Myrna established this Established this unrestricted unrestricted endowment support the Federation’s endowment in 2003. annual campaign. fund in keeping with her The Goldberg family charitable intent. expressed their gratitude to the community they called home as children, parents and business owners, and their desire to ensure a viable Jewish community for the next generation.

9 Perpetual Annual Campaign Endowment (PACE) Funds

PACE funds are the safekeeping our Jewish community deserves so that future generations will have a vibrant and fulfilling Jewish life. The principal is left intact as endowment and invested for growth. PACE funds require a minimum gift of $10,000. The funds are invested for growth through the careful financial management of professionals and the oversight of the Board at the Foundation. PACE Funds benefit agencies, organizations, programs and synagogues throughout the Jewish community.

Anonymous PACE Fund Community PACE Fund Established in 2011 to allow M & A PACE Fund contributions from people Established in 2012 by who want to support the members of the community. Federation without opening their own fund.

Sandra and Neil and Robin Goldberg Lawrence Gingold PACE Fund PACE Fund Established in 2012. Established in 2013.

Paula Alexander LOJE PACE Fund Gerda Friedeman/Ruth Stein In 2006 by Paula and PACE Fund Lawrence in support of the community. Paula wore her Established in 2016 by Ruth Lion pin with honor! Stein in memory of her mother Gerda Friedman. Bernard and Alexander and Norma Goldberg PACE Fund Charlotte Holstein Their gift made in 2013 PACE Fund to support the Federation’s Established in 2005, Alex annual campaign. and Chuckie set up this fund to continue their generous support to the Federation’s campaign in perpetuity.

Steven K. Alexander Allen and Nirelle Galson Memorial PACE Fund PACE Fund Established in 2017 to Established in 2007 to benefit the Federation support all the activities Annual Campaign. supported by the Federation. Frank and Beverly Goldberg PACE Fund Established in 2013. Martin Irwin PACE Fund Established in 2017 to benefit the Federation Annual Campaign.

Robert and Ivy Besdin Arlene and Jerome Gerber PACE Fund PACE Fund Established from Ivy’s Established in 2015. endowment in 2016, this They promoted the idea fund will benefit all the of a Jewish Community Michael and Jacki Goldberg programs supported by Foundation long before PACE Fund the Federation. its creation. A gift in 2017 to continue their support of the annual campaign. Sid & Donna Lipton PACE Fund Established in 2015.

10 Perpetual Annual Campaign Endowment (PACE) Funds

Marcum Family PACE Fund Georgina and Kay/Sneider PACE Fund Howard and Established in 2015. Paul Roth PACE Fund Established in 2020 to help Anita Weinberger Established in 2016 to support the Federation’s PACE Fund continue the Roth family annual campaign. Established in 2006 in gift for another generation appreciation of the range of Jewish institutions in the Syracuse area.

The Goldye B. Meltzer and Benjamin I. Meltzer PACE Fund Established in 2003 by Goldye J. Jeffrey Solomon with her wish to continue to Julius, Esther and PACE Fund support the charitable needs Helene Schrier PACE Fund Established in 2006 by his of her fellow Jewish people in Established by Helene sons, Neal and Philip in his Howard and Central New York and around through a portion of her memory for the perpetual Ellen Weinstein PACE Fund retirement fund, to honor the world on an annual basis. mission of the Jewish Established in 2017 in her late parents Julius’ and Federation of CNY. Esther’s love for the Jewish gratitude to those who community. came before us and in support of those who follow - L’dor v’dor.

Robert and Diane G. Miron PACE Fund Gershon and Dina Vincow PACE Fund Established in 2017 to William Serog PACE Fund benefit the Federation Established in 2006 Established in 2016 to to perpetuate their Annual Campaign. support the Federation ©2016RonTrincaPhotography participation in the Annual Campaign. annual campaign.

If you have much, give much; if you have little,be not afraid to give according to that little; for you lay up a good treasure for yourself against the day of need. –Apocrypha: Tobit

ActiveRestricted Restricted Endowment Endowment Funds Funds To benefit Central New York area agencies and organizations. Minimum $10,000 donation.

RESTRICTED TO BENEFIT RESTRICTED TO BENEFIT THE SYRACUSE HEBREW DAY SCHOOL TEMPLE ADATH YESHURUN ENDOWMENT FUND Alumni Legacy Fund Endowment Fund Sam Pomeranz Established in 2006 by Established in 2005 to Scholarship alumni of the Syracuse provide ongoing operating Established in 2003 Hebrew Day School to support to the School. by Sheldon and Mateele endow scholarships for Kall, trustees of the deserving families. Sam Pomeranz Trust, Committee for 50 to provide annual Established in 2008 to scholarships at the Tikun Olam Fund celebrate the School’s 50th Established in 2011 to School for deserving Herbert and anniversary in 2010 and to families. Miriam Fleischman provide ongoing support support Judaic studies at Philanthropic Fund for the School. the School. Established in 2005 by Mimi to provide aid and assistance in times of need for Temple Adath Yeshurun.

RESTRICTED TO BENEFIT THE JEWISH MUSIC AND CULTURAL FESTIVAL SHDS Class of 2006 Legacy Established in 2006 to provide scholarships and Barbara Davis Cindy Martin operating support to the Retirement Library Fund Syracuse Hebrew Day School. Scholarship Fund Emile Martin established Established in 2013 to this fund in 2008 in memory honor Barbara Davis’s of his wife to support the retirement as the head school library. Cindy was of the School. an avid reader, a teacer by profession and a staunch Established in 2008 by supporter of the SHDS as Sid Lipton and Mimi Weiner an essential community who explain their desire to institution. ensure the continued presence of the Festival in Syracuse to help all people in the community enjoy the Jewish culture in a joyous and positive manner.

CONGREGATION BETH SHOLOM-CHEVRA SHAS FUND FOR THE FUTURE

Herbert (Hecky) Alan Braveman Ona and Bernard Bregman Casper Family and Ettarae Alpert and Susan Hodge Congregation Congregation Congregation Congregation Beth Sholom-Chevra Shas Beth Sholom-Chevra Shas Beth Sholom-Chevra Shas Beth Sholom-Chevra Shas Fund for the Future Fund for the Future Fund for the Future Fund for the Future Established in 2008 as an Established in 2008 during Established in 2016 Establsihed in 2015 in expression of their activity the last year of her life to to ensure that the memory of Alan’s parents as members of the congre- perpetuate her support of congregation will continue Helen & Saul Braverman, gation for 46 years at the time her beloved congregation. to be a vibrant part of the founding members of the they established the fund community. They are congregation. and their hope for 46 more. founding members of CBS-CS and Hecky was its first president in 1962. RESTRICTED TO BENEFIT THE RABBI EPSTEIN HEBREW HIGH SCHOOL Epstein School/Sam Pomeranz Fund Established in 2006 by the trustees of the Sam Pomeranz 12 Trust to support the High School. Restricted Endowment Funds

B’nai Israel Congregation of Auburn A fund to support the Foundation’s Unrestricted Reserves, Anne Frank Tree Project at Southern Cayuga School District, Marion Blumenthal Lazan appearance at Auburn Enlarged School District; Jewish camperships Sol and Mildred Blumin Warren H. Frank Memorial Jacob and for CNY residents, and emer- Established in 2018 by Fund to benefit research Ann Hootnick Fund gency medical transportation Marlene Blumin in memory for Multiple Myeloma and In honor of their parents’ in CNY. of her parents to benefit Macular Degeneration 70th anniversary, Sally and Temple Adath Yeshurun and Established in 2010 by the David Hootnick established Frumah Packard Cemetery. family of Warren Frank in this unrestricted fund in his memory, this fund will 2006. support research throughout the country.

Linda Alexander Teen Funders Fund Joseph Elman Family Fund Established in 2017 with Frances Irwin Brooklyn donations honoring Linda for Holocaust Studies Established in 2010, this fund College Hillel Memorial Fund Alexander’s years of service Established in 2017 to benefit to the Jewish Community. is dedicated to the memory of Ruth Greenhouse Blood Joe Elman’s parents, Benjamin Donations Memorial Fund the Brooklyn College Hillel. and Cyril Elman whom he last Established in 2010 by saw in January 1943, and who the Greenhouse family to perished along with his sisters, honor the memory of the Chaya and Shana in the matriarch of the family, Ruth Holcaust. The fund supports who was better known to prgrams to educate teens her friends and family as about the horrors of the Nazi “Babe” and to the memory regime and will do so for of her beloved son, Ronnie The Israel Passport Fund to generations to come. who passed away in his benefit teen trips to Israel youth from leukemia. Elad Ben-David Memorial Established in 2012 by Elaine Scholarship Fund Rubenstein and family to Established in 2012 by a group sponsor a community trip of community members in of teens to Israel to explore Elad’s memory. Elad came their Jewish heritage and from Israel during the summer to create positive and lasting of 1996 to be a counselor at connections to both the the JCC summer camp. Sadly State of Israel and with the he was killed a few years local Jewish communities later while service in the they meet. IDF in Lebanon. Baurice and Helen Laffer Memorial Fund To provide summer camp scholarships for the Sam Pomeranz Jewish Community Center.

Wealth is fleeting,honor winged, but charity abides. –Mishle Yehoshua

13 Restricted Endowment Funds

Frieda, Morris and Marilyn Miller Fund to benefit the CNY Jewish Community Established in 2014 by Marilyn Miller in memory of, and to honor her parents and to perpetuate the family name and values. The fund furthers the quality of Jewish life in Syracuse, now and for the future. Mae & Ben Meltzer Memorial Fund Donald and Linda Schoenwald to benefit feeding the hungry in CNY Fund to benefit the American Established in 2002 in the memory Civil Liberties Union of their daughter Anne who believed Established in 2013 to benefit that many smaller funds can have a the CNY Chapter. large impact on the well being of the CNY Jewish community. In addition, a legacy gift was added to this fund through a bequest from Anne Melzer.

Jewish Camp Scholarship Interest Fund Established in 2010, this fund helps provide scholarships to a Jewish Camp program. The initial donation Dr. William Serog Endowment to this fund was made by the family Fund to benefit the American of Earle Buck in his memory. Friends of DVI and of the Magen David Adom Fund Noah’s Care Bags Established in 2014 by Dr. Serog Established by Noah Satterlee in to benefit American Friends of 2019 to give travel-sized toiletries DVI and American Friends of to children’s hospitals for the parents Magen David Adom. of children who are sick.

RESTRICTED TO BENEFIT THE SAM POMERANZ JEWISH COMMUNITY CENTER

Baurice and Helen Laffer Barry Lewis Fund Marcum Family Fund Steven and Memorial Fund Established in 2016 by Barry for JCC Senior Lunch Jacquelyn Miron Fund For summer camp to honor the involvement of Established in 2017 for Capital Needs scholarships to 1 or more his parents, Jesse and Sarah to benefit the Senior Established in 2012 named individuals. Lewis and his deceased wife, Lunch Program at to provide for the Bobbi, at the JCC, and his the JCC. JCC capital needs. fond memories of his former community.

Dorothy and Marshall M. Reisman Fund Established in 2010 by their trusts to provide both Michelle Schotz Memorial Arnold and Miriam Weiner immediate and long term Fund for reading and Senior meals program Fund support for the JCC and to tutoring support Established in 2020 to help honor Marshall’s presidency Established in 2018 by support the JCC’s senior of the organization. Irv and Cheyl Schotz to meals program. honor the memory of their daughter. 14 Restricted Endowment Funds To benefit Congregation Beth Sholom-Chevra Shas.

William and Sylvia Cohen Estelle Green Fund Sid and Donna Lipton Helene Shrier Fund for the Future for the Future Fund for the Future Fund for the Future Established in 2008 to Established in 2018 by her Established in 2013 to Established in 2009 as support the congregation. daughter as a gift to support support the congregation. a bequest of her beloved the congregation. doll collection.

Richard and Abbe Eggert Elaine Matloff Endowment Fund for the Future Fund for the Future Gershon and Dina Vincow At the time it was Victor and Celaine Hersdorfer Established in 2018 to CBS-CS Fund for the Future established in 2008, Dick support the congregation. and Abbe explained that Fund for the Future Established in 2008 their 45 years of living in Established in 2013 to to continue the support Syracuse, their congre- support the congregation. of their congregation. gation had always been an important part of their lives. This fund was their way of playing a part in the future of the congregation for their grandchildren and their children for generations to come. Dr. Gus and Alice Pearlman Fund for the Future A bequest in 2017 to continue Howard and Rabbi Jezer Lectureship their support for CBS-CS. Anita Weinberger and Education Fund Fund for the Future Established by members Established in 2007 by of the congregation in 2004 the Weinberger family to upon Rabbi Jezer’s retire- perpetuate their support of ment to honor his 25 years their beloved congregation. of leadership of the congre- Goeler, Wagner, Samuel gation. A scholar-in residence Fund for the Future program is the goal of the Established in 2011 by fund wherein different facets Ronny and Nettie Goeler of Jewish thought, life and as a tribute to their parents culture would be explored. Schonfeld/Feldman and great aunt. This fund Fund for the Future provides scholarships for Established in 2008 as a members of CBS-CS who tribute to her parents who attend Camp Ramah. instilled in Norma a love for her Jewish heritage.

All Jews are responsible–Talmud, Shavuot each for the other.

15 Deferred Restricted Endowment Funds To benefit Congregation Beth Sholom-Chevra Shas Fund for the Future

Deferred Endowment Funds are promised legacy gifts that will be funded through bequests, trusts, life insurance, retirement funds and charitable gift annuities to be realized upon the passing of the donor or donors.

To benefit Congregation Beth Sholom-Chevra Shas Fund for the Future

Howard and Steven Kepnes and Robert and Jef Sneider and Sara Alexander Arlene Kanter CBS-CS Carole Millstein Gwen Kay CBS-CS CBS-CS Fund for the Future Fund for the Future CBS-CS Fund for the Future Fund for the Future A planned gift. As CBS-CS A planned gift to support A planned gift to A planned gift to has been their family, they their congregation. support the congregation. support the future want to be sure that their of the congregation. congregational family will still be taken care of when they are gone.

Earl and Trudy Kletsky Endowment Fund Arnold and Carol Moses Established in 2013 to A planned gift to support Ruth Stein benefit Central New York their beloved congregation. A planned gift through a charities through a Charitable Gift Annuity to Joseph Bearman generous Charitable benefit her congregation. CBS-CS Fund for the Future Annuity Remainder Trust. A planned gift by the Chair of the CBS-CS Endowment Fund to support the congregation.

Funds to benefit a variety of organizations

Craig and Alexander and Alice Honig Mark and Karen Atlas Fund Charlotte Holstein A planned gift to benefit Jeannette Levinsohn/ A planned gift to continue A planned gift to continue Na’amat through a Light-Orr Fund their support for many their support for multiple Charitable Gift Annuity. Established in 2013 charitable organizations. charities long into the to provide support for future. various charities that are important to the families.

16 Deferred Unrestricted Endowment Funds

Deferred Endowment Funds are promised legacy (planned) gifts that will be funded through bequests, trusts, life insurance, retirement funds and charitable gift annuities to be realized upon the passing of the donor or donors.

Steven and Mark and Susan Field Edgar and Eva Galson Elaine and Mark Matloff Linda Alexander A planned gift from the A planned gift to benefit A planned gift to support A planned gift to continue Field family to help people the Jewish community into the Jewish community the work of the Jewish with their basic needs: food, perpetuity through a for generations to come Community Foundation shelter and health. Charitable Gift Annuity. through their Charitable long into the future. Gift Annuity.

Walter and Lillian Gale Alexander and Charlotte Holstein Nancy and A planned gift to benefit Lynn and Martin Belkowitz the Jewish community A planned gift dedicated Corinne Smith A planned gift to benefit made through their to the Jewish Community A planned gift to perpetuate the Jewish community. Charitable Gift Annuity. Foundation which they were the Smith family’s generous instrumental in forming. support for our Jewish community.

Gerald and Allen and Alice S. Honig Barbara Black Fund Nirelle Galson A planned gift to continue A planned gift to benefit Sonne Family Fund A planned gift to benefit the Jewish community A planned gift established their support for the the Jewish community Jewish community. made through her by John and Anne Sonne made through their Charitable Gift Annuity. to perpetuate their donations Charitable Gift Annuity. to our community.

Agency Active Endowments established as separate funds to benefit the individual organization in perpetuity. k Congregation Beth Sholom-Chevras Shas k Syracuse Jewish Cemeteries Association k Jewish Federation of CNY k Syracuse Hebrew Day School k Sam Pomeranz Jewish Community Center of Syracuse k Temple Beth El Cemetery k NCJW Greater Syracuse - the Bertha Frendsdorf Fund k Temple Concord k Syracuse Jewish Family Service

We rise by raising others, and one who bends over to aid the fallen, stands erect. –Rabbi Jacob Weinstein 17 Deferred PACE Funds

Murray and Roberta Daitchman PACE Fund A planned gift to continue their support of the annual campaign.

Howard and Rodney and Alexander and Sara Alexander Marjorie S. Fink PACE Fund Charlotte Holstein Lions of Judah A planned gift established PACE Fund Endowment PACE Fund as a legacy by Marjorie in A planned gift to continue A planned gift to continue honor of her and her late their support of the their support of the annual husband Rodney’s support annual campaign. campaign. for the annual campaign.

Aveeya and Jonathan Dinkin PACE Fund A planned gift to continue their support of the annual campaign.

Barry and Elihu and Iris Cohen Deborah Friedman Sharon Slosberg PACE Fund and Scott Mackler PACE Fund A planned gift to continue LOJE PACE Fund, and A planned gift to provide their support of the annual the Deborah Friedman continuation for activities, campaign. and Scott Mackler Adult involvement and programs Education Fund in our Jewish community. Planned gifts from the founding trustee to honor their former community with their continuing support of our Jewish Federation.

As a torch is not diminished though it kindles a million candles, so will they not lose who give to a good cause. –Midrash Shmot R.

18 B’nai Mitzvah Funds

We Can Be Very Proud of Our Teen Philanthropists Under the direction of Teen Funder coordinator, Jeffrey Scheer, the Teen Philanthropists met in November 2019 to consider grant requests to charities from a Pooled Fund. Over the past twelve years, the Teen Funders have made grants of over $55,000. This year, they made grants to the following four programs: American Friends of Orr Shalom – to provide startup kits of new seasonally appropriate clothes and personal items for at-risk Israeli children and youth at Orr Shalom, which works to help them to realize their potential and their right to grow up loved, protected and respected, individual and special, in small therapeutic frameworks. Make-A-Wish Central New York– to provide postcards as touch points for Wish Kids during the time they have to wait for their wish to be granted. Noah’s Care Bags – Established by Noah Satterlee in 2019 to give travel-sized toiletries to children’s hospitals for the parents of children who are sick. Syracuse City Ballet – to provide an ASL interpreter for the Syracuse City Ballet’s judgement-free theater experience for people with sensory, social or learning disabilities and fidgets to allow the sensitive audience members to focus their body on a physical activity, allowing their brain to follow the ballet on stage.

From left to right: Jack Satterlee, Aliya Iosilevich, Kassidy Hirsch, Danielle Alpert, Rachel Scheer, Rachel Alpert, Edwin Hirsch, Noah Hyde, Sophie Scheer Eden Shirilan-Howlett

Join those who have active B’nai Mitzvah Funds Temple Adath Yeshurun Congregation Beth Sholom-Chevra Shas *Danielle Alpert Kassidy Hirsh Rachel Scheer Elise Beckman *Eden Shirilan-Howlett Rachel Alpert *Noah Hyde Sophie Scheer Rebecca Blumenthal AJ Sikora Michael Bratslavsky *Jonah Jaffe Alexis Snell Aliya Iosilevich Shaynah Sikora Abigail Charlamb Peri Lowenstein Chloe Smeader Caleb Porter Lily Sorbello Edwin Hirsh Stephanie Lynne Colby Porter Jack Wells Alethea Shirilan-Howlett

Temple Concord Shaarei Torah Mae Cohen Orthodox Congregation Alana Jacowitz Sarah Kornfeld Jack Satterlee Noah Satterlee Nathan Sonnenfeld *New in this fiscal year 19 Financial Highlights

Foundation Highlights The Jewish Community Foundation reached a new milestone in June 2020 of almost 19 million dollars under administration, a gain of almost 1.7 million dollars in this year alone! k 114 Donor Advised Funds to benefit Jewish and non-Jewish charities in CNY and around the world. k 83 Endowment Funds already established, minimum $10,000, to benefit the donor’s favorite charity into perpetuity. k 37 legacy gifts that have been promised through wills, retirement funds, or insurance policies. k 9 Agency Endowment Funds to help our local Jewish agencies and synagogues grow their endowments. k 30 B’nai Mitzvah Funds to teach tzedakah to the next generation. k In these past 19 years, we have distributed over $18,200,000 in grants to non-profits, with most of them right here in Central New York. k Assets under management are $18.868 million dollars. k Deferred gifts promised are over $2.9 million dollars.

20 All data as of June 30, 2020. All numbers are approximate. Investment Committee Statement

Standing: Executive Director, Michael Balanoff, Mark Field, Victor Hershdorfer, William Pearlman, Sheldon Kruth, David Horowitch, Neil Hoyt, Allen Galson, Jeffry Berman, Lynn Smith, and Neil Bronstein. Seated, Steven Miron.

Investment Performance This has been a stable year as we continue to rely on the Vanguard Group and Since Inception the American Funds to manage assets on behalf of your Foundation. The Investment Committee focuses on asset allocation while containing costs through strong 2002-03 4.56% asset managers. Both The Vanguard Group and American Funds operate with 2003-04 12.95% very low costs, and we have meaningfully reduced the overall costs in managing the portfolio, and as the assets grow, our costs as a percentage of the overall 2004-05 9.89% portfolio are on the decline. 2005-06 10.41% The portfolio returned 4.73% for the period July 1, 2019 through June 30, 2020. 2006-07 16.50% Assets that participate in our investments grew from $14,580,000 to $16,300,000. 2007-08 5.36% through a combination of growth and new assets. 2008-09 -25.1% As of June 30, 64% of our portfolio was invested in equities and 36% in fixed income or cash. Nearly one out of every three dollars of equity is internation- 2009-2010 9.24% ally invested. The Foundation ended June with $10.4 million with the Vanguard 2010-2011 24.14% Group and $5.7 million with The American Funds and $200,000 in cash.. This represents the bulk of our assets that participate in the portfolio. 2011-2012 4.5% Vanguard Group offers the committee annual comparisons to larger non-profits 2012-2013 6.7% with assets under management and our performance compares favorably, mainly 2013-2014 19.39% due to our low cost. We expect to continue to track favorably as our portfolio is 2014-2015 8.37% really designed to hit our benchmarks for our determined asset allocation. 2015-2016 -4.75% The committee will continue to meet regularly and supervise the performance and allocations of the third-party managers and their performance and ability to 2016-2017 13.21% meet the guidelines and needs of the Foundation. The growing size of the asset 2017-2018 7.6% pool puts the Foundation in a position to further drive down our already low costs. 2018-2019 5.72% The Foundation continues to operate with low overhead thanks to the time and effort volunteered by trustees and committee members. Committee members 2019-2020 4.73% include: Steve Miron, Neil Bronstein, Michael Balanoff, Neil Hoyt, Victor Hershdorfer, Bill Pearlman, Jeffry Berman, Lynn Smith, David Horowitch, Sheldon Kruth, Mark Field and Allen Galson.

21 Directors’ Centennial Fund

The Directors’ Centennial Fund was established by members of the Foundation’s Board of Trustees to provide long-term financial support to the Jewish community of Central New York through the end of the 21st century. Current and past board members made commitments to fund the community, over and above PACE funding, on both an immediate and testamentary basis. The initial goal of $2.5 million was successfully achieved and subsequent goals were also met, so that the fund now has $4-5 million in assets.

Linda Alexander Nancy Belkowitz Jeffry Berman Gerald Black Neil Bronstein I. Stephen Davis Mark Field

Deborah Friedman Edgar Galson Neil Goldberg Victor Hershdorfer Alexander Holstein David Holstein David Hootnick

Martin Irwin Sheldon Kall Sheldon Kruth Steven Miron Marilyn Pinsky Howard Port Paul Roth

Elaine Rubenstein Phillip Rubenstein Jeffrey Scheer Barry Shulman Debrah Shulman Lynn Smith J. Jeffrey Solomon*

John Sonne Gershon Vincow Warren Wolfson *Deceased

22 Board of Directors

Neil Bronstein Lynn Smith Howard A. Port Mark Field Steven Miron Michael Balanoff CHAIR VICE CHAIR TREASURER SECRETARY FINANCIAL VP EXECUTIVE DIRECTOR

Jeffry A. Berman I. Steven Davis Vicki Feldman Allen Galson Lionel F. Gilels Sandra Gingold

Neil A. Goldberg Victor Hershdorfer Alexander E. Holstein David Horowitch Neil Hoyt Sheldon B. Kruth

Sarah Pinsky Howard A. Port Lois Ross Phillip D. Rubenstein Jeffrey B. Scheer Cheryl Schotz

Debrah A. Shulman Ellen Weinstein Steven M. Wells Warren D. Wolfson David A. Holstein FOUNDATION ATTORNEY

Past Foundation Trustees Linda Alexander Melvyn Charney David Hootnick Benjamin O. Levine Philip Pinsky* Steven Sisskind Nancy Belkowitz Deborah Friedman Sheldon Horowitch* Leslie Neulander* Norman Poltenson J. Jeffrey Solomon* William Berinstein Bernard Goldberg* Martin Irwin Cheryl Patt Paul Roth Paul Solomon Asher Black* Edgar L. Galson Sheldon Kall William Pearlman Arnold Rubenstein John Sonne Gerald Black Edward Green* Gary Lavine Marilyn L. Pinsky Elaine Rubenstein Gershon Vincow *Deceased

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As Jews, we are tasked with leaving the world a better place than the one we inherited. A fund at the Jewish Community Foundation of Central New York provides lasting rewards for you, your family, and your community. Your generosity can impact the present and sustain the future.