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Promoting Charitable Giving for Forty Years. 575 Madison Avenue, Suite 703 • New York, NY 10022

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Promoting Charitable Giving for Forty Years. 575 Madison Avenue, Suite 703 • New York, NY 10022 WWW.JCFNY.ORG 2012 ANNUAL REPORT L E B E R A C T F E C S J Y E E C A I R V S R O F S E Jewish Communal Fund Promoting charitable giving for forty years. 575 Madison Avenue, Suite 703 • New York, NY 10022 Phone: 866.580.4523 • 212.752.8277 – HERBERT M. SINGER, FOUNDING PRESIDENT OF JCF, SEPTEMBER 1974 SEPTEMBER JCF, OF PRESIDENT FOUNDING SINGER, M. HERBERT – “We have forged a tool of great social potential…” social great of tool a forged have “We Jewish Communal Fund’s Residents of the following states may obtain financial and/or licensing information from their generous donors had a profound states, as indicated. Registration with these states, or any other state, does not imply endorsement impact on charities in every sector, by the state. granting more than $282 million Connecticut: Information filed with the Attorney in fiscal year 2012. General concerning this charitable solicitation may be obtained from the Department of Consumer Protection, Public Charities Unit, 165 Capitol Avenue, Hartford, CT 06106 or by calling Community Organizations $17.1 M Community Organizations860-713-6170. $39 M $22.6 M Culture-GeneralCulture-General Florida: SC No. CH17581. A copy of the official Culture-Jewish Culture-Jewish registration and financial information may $32 M $28.9 M Education-GeneralEducation-General be obtained from the Division of Consumer Services by calling toll free, from within the Education-JewishEducation-Jewish $6.6 M state, 800-435-7352. Registration does not E $14.4 M Community OrganizationsEnvironment E L B R $17.1 M Community OrganizationsEnvironment imply endorsement, approval or recommendation C A Health T Health by the state. F $39 M $22.6 M $54.3Culture-GeneralCulture-General M E $38.1 M Human Services C S Human Services New Jersey: Information filed with the Attorney J Culture-JewishCulture-Jewish International/Israel General concerning this charitable solicitation $26.2 M International/Israel Religious $32 M Education-General and the percentage of contributions received $28.9 M Education-GeneralReligious UJA-Federation of NY by the charity during the last reporting period $2.9 M Education-JewishEducation-JewishUJA-Federation of NY that were dedicated to the charitable purpose $6.6 M may be obtained from the Attorney General $14.4 M Environment Y Environment of the State of New Jersey by calling 973-504-6215 E and is available on the internet at E Health Community Organizations Health A C $17.1 M Community Organizations http://www.njconsumeraffairs.gov/charity/chardir. I $38.1 M $54.3 M htm. Registration with the Attorney General R V Human Services S R $39 M $22.6 M Culture-GeneralCulture-General Human Services does not imply endorsement. O E International/Israel F S Culture-Jewish $26.2Culture-Jewish M International/Israel New York: A copy of the most recent annual Religious $32 M report is available from the Office of the Attorney $28.9 M Education-GeneralEducation-General Religious UJA-Federation of NY General, Department of Law, Charities Bureau, 120 Broadway, New York, NY 10271. For inquiries $2.9 M Education-JewishEducation-Jewish UJA-Federation of NY $6.6 M regarding the registration status of a charitable $14.4 M EnvironmentEnvironment organization, call 212-416-8402. Health Health $54.3 M $38.1 M Human Services Human Services International/Israel $26.2 M IndependentInternational/Israel Auditors EisnerAmperReligious LLP Religious Legal CounselUJA-Federation of NY $2.9 M ProskauerUJA-Federation Rose LLP of NY Simpson Thacher & Bartlett LLP Investment Advisory Services Colonial Consulting, LLC. Design Masters Group Design, Inc. Copyright © 2012 Jewish Communal Fund Jewish Communal Fund’s generous donors had a profound impact on charities in every sector, granting more than $282,580,000 in fiscal year 2012 to help organizations sustain and grow services and essential programs. Letter from the President he Jewish Communal Fund (JCF) is celebrating 40 years of serving the Jewish community by enabling simple, straightforward and efficient charitable giving for our donors. T As we celebrate our 40th anniversary, it is an appropriate time to pause and reflect on our history and accomplishments to date. Forty years ago, JCF started with $4 million in assets and distributed $700,000 in grants. Today, JCF is the largest Jewish donor advised fund in the country, managing over $1 billion in charitable assets. Our diverse donor base is responsible for granting more than $282 million in FY’ 12 to worthy causes in all sectors. Over the years, JCF has implemented a best-in-class technological infrastructure that enables our donors to recommend grants online quickly and efficiently, allowing them to focus on the charitable causes that are important to them. In addition, we continue to ensure that our donors have access to a robust menu of investment opportunities so they can feel comfortable in knowing that their investment options are comparable to those available to private foundations. I have been fortunate to serve on the JCF Board of Trustees since 2001 and as President for the last two years. My term is ending in January and over these last 11 years, I have had the opportunity to witness the outpouring of our donors’ generosity as they responded to needs locally and globally. I have been privileged to work with a Board of dedicated, insightful, and caring Trustees and with a staff of committed and outstanding professionals. JCF has a goal of facilitating in all ways the charitable giving of our donors. I am proud to be associated with an organization that executes so effectively on its mission. I am also very pleased to pass on the Presidency to Karen Adler. Karen, an accomplished management consultant, is a tireless supporter and advocate for JCF. In addition to her involvement with JCF, Karen is an active member of the community and serves on the boards of the Jewish Community Relations Council of New York, the Roosevelt Institute and Plaza Jewish Community Chapel. I am confident that under Karen’s capable leadership, JCF will continue to grow and flourish, and I wish her and JCF much continued success. Laurence W. Cohen President Letter from the Executive Vice President n 1972, when the Jewish Communal Fund was established, the concept of a donor advised fund (DAF) Iwas a relatively new and untested one. While the founding leaders of JCF understood that this vehicle had great potential, they were not sure that the idea of giving through a DAF would actually “catch on.” These leaders were visionaries who could never have imagined that JCF would reach over a $1 billion in assets and serve thousands of fund holders. And they certainly never imagined that the donor advised fund would become the fastest growing charitable giving vehicle in the country, with close to $30 billion in assets. As JCF continues to grow, we know that as a staff and a Board, we too need to be innovators and to consistently create new ways to serve our donors and the philanthropic community. We have dedicated resources to establish a state-of-the-art technology platform and have put in place processes and procedures to ensure that our donors’ charitable giving is facilitated with ease and efficiency. Now, we are shifting our focus toward how we can more effectively engage multiple generations of donors in philanthropy and to providing resources to help our donors think strategically about their giving. This year, we launched The JCF Legacy Circle, our way of recognizing people who plan to extend their tradition of charitable giving beyond their lifetimes by including JCF in their estate planning. The JCF Legacy Circle is a bequest society that assists our donors with transmitting their philanthropic legacy and values to their children and grandchildren in a meaningful and thoughtful way. Our goal is to engage our donors in reflecting upon their legacies, and sharing these values through heartfelt conversations with multiple generations of their families. JCF’s newly designed public website (www.jcfny.org) highlights our value to the community and makes it easier for donors to interact with us in a variety of ways, including through Facebook and Twitter, as well as our new Live Chat function. The JCF blog is a great way to stay current on the latest news, trends and conversations that are taking place within the Jewish philanthropic sector and beyond. Throughout our forty years, each president of JCF has made his or her imprint on the organization, and Larry Cohen is no exception. I want to thank Larry for his valued tenure at the helm of JCF and for his years of service on the Board. As past Chair of our Investment Committee, Larry was responsible for expanding our investment options to make JCF more competitive with investments available to private foundations. I also want to take this opportunity to welcome Karen Adler, JCF’s incoming president. I look forward to Karen’s leadership as we continue to enhance our services for donors and increase our impact within the Jewish community. We are humbled by our donors’ generosity and look forward to expanding our efforts to help you engage in your philanthropy. Susan F. Dickman Executive Vice President I’ve had a fund with the Jewish Communal JEWISH COMMUNAL FUND JEWISH COMMUNAL Fund for more than 20 years. I think that the “ “service is fantastic; you feel very good that your money is being managed properly and it’s in good hands. – SANDY WEILL 4 Contents 5–6 Overview/Investments 7–23 Financial Statements 24–45 Grants 46–63 Funds 64 Trustees/Staff 2012 ANNUAL REPORT 2012 ANNUAL Overview DONOR CONTRIBUTIONS LEGACY CIRCLE An initial tax-deductible contribution of $5,000 or more The JCF Legacy Circle is a bequest society that recognizes in cash and/or appreciated marketable securities* is people who plan to extend their tradition of charitable required to establish a donor advised fund, including giving beyond their lifetimes by including JCF in their Memorial and Wedding funds.
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