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Jewish Communal Fund 2016 Annual Report

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Jewish Communal Fund 2016 Annual Report JEWISH COMMUNAL FUND 2016 ANNUAL REPORT In fiscal year 2016, Jewish Communal Fund’s generous donors had a profound impact on charities in every sector, distributing a record number of grants totaling $380,800,000 to help organizations sustain and grow much needed services and programs. CONTENTS 2–3 Community and Collaboration 4 Investments 5–23 Financial Statements 24–45 Grants 46–63 Funds 64 Trustees/Staff 2016 ANNUAL REPORT ANNUAL 2016 e would like to express our gratitude to our generous fund holders, who continue to have a profound impact on charities in every sector by recommending more than $380 million in grants in FY 16. It is our privilege to facilitate your grant-making, and we are Wpleased to report yet another record-breaking year of growth. As an institution, JCF made grants of more than $837,000 in FY 16 from our endowment, the Special Gifts Fund, to renovate kosher food pantries at the Central Queens YM & YWHA and the Shorefront Jewish Community Council; fund scholarships for low-income campers at the JCC of Manhattan’s Camp Settoga; expand the auditorium at the Kings Bay YM-YWHA; and extend our sponsorship of a unique intergenerational Holocaust program called Witness Theater. We also made a JCF Special Gifts Fund grant to Olim Beyahad, an Israeli nonprofit that helps Ethiopian-Israelis gain employment and become self-sufficient. In choosing JCF to facilitate your charitable giving, you enable us to support local Jewish programs and initiatives like these that change lives for the better. As a JCF fund holder, you know first-hand that a donor advised fund is a valuable tool to streamline your philanthropy and make your charitable giving more strategic and thoughtful. Here at JCF, we continue to create and share educational resources to assist you in meeting your philanthropic goals. In order to bring you insights from the top thought leaders in philanthropy, JCF has partnered with Jewish Funders Network (JFN) to create an educational series on Strategic Philanthropy. Our first session was a panel discussion on Tools for Philanthropic Impact with leading Jewish funders, moderated by Jeffrey Solomon. Webinars and in-person events are planned for the winter and spring. You can view recordings of many past donor educational events by subscribing to our YouTube channel: youtube.com/user/ JewishCommunalFund. 1 To help increase JCF’s reach and recognition within the larger Jewish community, we have launched a new web video series entitled “Donors in Delis.” In the inaugural episode of #DonorsInDelis, Larry Zicklin, philanthropist and former Chair of Neuberger Berman, and Naomi Levine, former VP at NYU, meet at the 2nd Ave Deli for a candid discussion about Larry’s philanthropy, his thoughts on social responsibility and ethics. It’s TED Talks meets Curb Your Enthusiasm. Like “Wisdom to Relish” on Facebook to view video interviews with funders who share tips to add meaning and strategy to your charitable giving. At JCF, we believe there is tremendous value in giving together as a community to the causes we hold dear. JCF continues to be the country’s largest and most active Jewish donor advised fund, managing $1.4 billion in charitable assets for more than 3,400 funds. We are always working to enhance our service offerings and improve our technology. In the coming year, we will be sending out a survey to all fund holders that will ask for your feedback in a formal manner. However, we always welcome your suggestions and ideas. We greatly value your feedback and look forward to continuing to facilitate your charitable giving for many years to come. Noel Spiegel Susan F. Dickman President Executive Vice President & CEO Community and Collaboration As a JCF fund holder… JEWISH COMMUNAL FUND COMMUNAL JEWISH you are part of a community of more than 7,500 philanthropically minded individuals who look to JCF to streamline their philanthropy and make their charitable giving more strategic and meaningful. In addition to administrating your grants, we at JCF continue to create and share educational resources to assist you with your charitable giving. This year, JCF has partnered with the Jewish Funders Network (JFN) to create an educational series on Strategic Philanthropy. Our first session was a panel discussion on Tools for Philanthropic Impact with leading Jewish funders, featuring Sally Gottesman, Aliza Mazor and Scott Shay, and moderated by Jeffrey Solomon. In January, we will host a webinar on evaluating a charity’s impact. In addition, as part of our collaboration with JFN, we are pleased to invite you to register for webinars hosted by JFN on topics that are of interest to both of our communities. Please check your email to take advantage of these opportunities. We recommend that you subscribe to our YouTube channel 2 (youtube.com/user/JewishCommunalFund) to view recordings of past donor educational events. JCF’s new YouTube channel, Wisdom to Relish, is the “I’ve never written a check place for our network to hear from some of the most prominent philanthropists and thought leaders of our to a charity and regretted it day. DonorsInDelis, our inaugural series, was filmed in later. Everyone is capable of iconic delis throughout Manhattan and Brooklyn. Where else would you have a conversation about life, ethics, accomplishing miracles.” philanthropy, and the best lox? JASON FLOM Our inaugural episode of #DonorsInDelis features a candid conversation about philanthropy with NYU’s Naomi Levine and Larry Zicklin, former Chairman of Neuberger Berman. It’s thoughtful, intelligent, and laced with humor. Visit our Wisdom to Relish page on Facebook to share your reactions, or just tell us about your favorite deli! 2016 ANNUAL REPORT ANNUAL 2016 DID YOU KNOW? By allowing JCF to simplify and organize your charitable giving, you’re also providing critical funding for local Jewish charities. In using JCF for your philanthropy, you help us provide $2 million annually to UJA-Federation of New York, to support its network of Jewish social service organizations operating locally and abroad. Your collective impact extends even further. In addition to the UJA-Federation grant, JCF’s Special Gifts Fund has granted more than $12 million since 1999 to support programs that promote the welfare and security of the Jewish community at home and abroad. 3 Witness Theater Holocaust education project JCF’s 2016 Special Gift Fund Grantees include: $150,000 to UJA-Federation of $102,000 to the Central $200,000 (over three years) to New York for the expansion of the Queens YM & YWHA Food Pantry the JCC of Manhattan’s Day Camp Witness Theater Holocaust education in support of the renovation of the to provide scholarships to low- project, a unique intergenerational food pantry that was damaged by income campers who would not program that brings Holocaust a debilitating fire. JCF’s generous otherwise have been able to afford survivors and teenagers together to grant will also help the pantry this opportunity. The scholarships develop a theatrical presentation of transition to a client-choice model will enable these children to attend the survivors’ experiences. JCF’s grant and acquire additional refrigerators Camp Settoga in its beautiful, new, will help to continue this program at and freezers so that it can store and larger location in Pomona, New four schools and bring this powerful more meat, dairy and fresh produce. York. experience to Westchester. $55,400 to the Shorefront $110,000 to UJA-Federation $120,000 to the Kings Bay YM- Jewish Community Council Food of New York and the Jewish YWHA, located in Sheepshead Bay, Pantry, to help them transition Community Relations Council of to expand its existing auditorium, to a client-choice model, a more NY for the Faculty Engagement which serves as the hub of activity efficient and dignified way to assist Initiative, a project to create a for 7,000 residents. their 1,200 clients. The agency plans three-pronged Faculty Engagement to also offer nutrition classes and Initiative to grow pro-Israel cooking demonstrations to help sentiment on college campuses. clients learn how to cook healthy meals for their families with the food they receive from the pantry. INVESTMENTS In consultation with its investment advisors, the Investment Committee of the Jewish Communal Fund periodically reviews investments and establishes investment policies. These policies are designed to: (1) ensure that donor contributions and fund assets are continuously invested; (2) maximize investment returns in relation to risk; (3) maintain varied investment alternatives that are suitable for various philanthropic plans; (4) ensure that operating expenses are minimal and competitive; (5) ensure that funds are readily available for grant making. When a donor advised fund is established, the first $5,000 (or such lesser amount for funds with a lower threshold) must be invested in one or both of our primary investments: an institutional money market fund and/or a short-term bond fund, both managed by BlackRock. Donors may request to have the proceeds in excess of the first $5,000 invested in our investment options, JEWISH COMMUNAL FUND COMMUNAL JEWISH with a minimum of $2,500 per investment option. Donors may exercise this privilege each time a contribution is made and may recommend a reallocation of the assets in the fund four times each calendar year. Investment Name Ticker BlackRock, Treasury Trust Fund (Institutional Money Market) .....................................TTTXX BlackRock JCF Short Duration Bond Fund (Fixed Income) .................
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