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Empower Your Giving and Ensure Your Legacy

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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.
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