jcfmontreal.org

ANNUAL REPORT 2020

RESILIENCE INDEX 04 Letter from the President 05 Letter from the Executive Director 06 COVID-19 Crisis Relief 07 Mission, Values, Commitment 08 Grantees 16 Philanthropic Development 18 Financial Summary 20 Investment Report 22 Person of the Year 2019 TABLE 24 LIFE & LEGACY ® OF 26 Nova Grants CONTENTS 28 Scholarships 30 PAC Seminar 32 Governance 34 Professional Team INDEX

MESSAGE

FROM THE PRESIDENT ‘‘

Between stimulus and response there is a space. In Family Store, Tomche Shabbos, the Chessed Fund, just to that space is our power to choose our response. In name a few. We also understood that we had the power our response lies our growth and our freedom. to respond to the broader community and we quickly authorized emergency funding to Centraide and La Viktor Emil Frankl, (1905 – 1997), Auschwitz Fondation du Grand , who were organizing food ‘‘ survivor, author of ‘Man’s Search for Meaning’ and shelter relief for our fellow Montrealers and Quebecers. I believe that our response to the novel coronavirus thus Next year the Jewish Community Foundation will be far would have made our founders proud. Their vision, celebrating its fiftieth anniversary! We will be honoring the five decades old, foresaw the need for a rainy-day fund women and men who through their dedication and hard and thanks to them we were able to not only respond to work have helped ensure the vitality of Montreal’s Jewish the crisis but will have the ability to plan for a recovery community. One such person is the late Arthur Pascal, who, that will keep our community strong. together with other founders of the JCF understood the I wish to thank Kathy Assayag on behalf of the JCF board importance of planning and securing the future. The JCF and the community at large. Kathy’s leadership and was established with the idea of creating an emergency perspective garnered numerous requests to sit at so many fund to respond in the event of an adverse situation. tables where her skills and broad networks could mobilize Today, 49 years later, I am in awe of their foresight. As resources with focus, determination and compassion. I Frankl suggested in his profound words, in the space also owe a debt of gratitude to the staff of the JCF who of COVID-19, an unimaginable global pandemic, the continued to punch well above their weight in order to JCF had the power to choose our response based ensure we could respond to our generous donors in on our mission and our financial strength. In March, facilitating their personal philanthropy at this critical time. as the lockdown measures took hold, thanks to our I thank the Executive and Board of Directors for their emergency reserve fund capitalized over many years, we leadership and support over the course of the year and were uniquely positioned to choose our response. We particularly in the past 6 months during the pandemic. immediately approved $1.5 million towards relief efforts The pandemic will continue to create pressures and facilitating and convening an integrated response to challenges on our beloved Community. The JCF will stand Montreal’s emergency needs. strong in our response as we must ensure the future of We were able to convene a Community response in our Community and allow for the next generation to partnership with Federation CJA including food relief nurture the freedoms we have enjoyed living in such a to isolated seniors and newly vulnerable families. We storied Community. In our response, as Frankl said, we will joined forces with the Hebrew Free Loan Association of secure the growth and freedom for those here and abroad Montreal, to offer interest-free loans to small businesses who will need our collective help now more than ever. who were impacted by the pandemic and who did not qualify for the government backed loan program. We Wishing you all a happy and healthy new year ahead. also funded 15 Jewish day camps to help subsidize fees, Sincerely, operate safely in smaller groups and enabled them to purchase the necessary personal protective equipment. Danny Ritter, CA, CPA, CFA Together with Federation CJA, we funded COVID relief President grants to several aid organizations including MADA, the The Jewish Community Foundation of Montreal

4 RESILIENCE

through the generosity of our valued fundholders who in the past year, collectively distributed over $114 million to MESSAGE diverse charities and programs. It has been humbling to witness the determination of our donors who acted so FROM THE decisively during this time of uncertainty. It has also been inspiring to witness the commitment of EXECUTIVE the members of the JCF professional team who despite working remotely, juggling kids at home, or taking care of parents – have continued to dedicate themselves to DIRECTOR serve our clients. I want to thank Joelle Mamane for taking care of the business side of our operation so For the past seven years, I have had the privilege of leading effectively and express gratitude to Bobby Kleinman for the Jewish Community Foundation. For each of those the wisdom and experience he so generously shares. years, as I prepared to address our valued fund holders in our annual report, I would choose a word in Hebrew Finally, a word of thanks to Danny Ritter, our President to highlight a particular thought. These words, deeply who has been a source of formidable support to me. I am meaningful to me, were relevant to our work in promoting grateful for the important discussions we had aimed at philanthropy and reflected the experience of that year. deciding how best we could respond to the crisis. Under his leadership and with the support of our Board members As I contemplated the events of the past six months, I we deployed an emergency fund that did and will continue pondered on what word I could possibly use to describe to do a lot of good. At the core of our board members’ what we are currently going through. Amidst the purpose is the will and ability to make a difference, based COVID-19 pandemic, we have been challenged in ways on a deep and true sense of care for others. previously unimaginable. We all encountered unforeseen adversities of, at times, existential proportions. Upon As the COVID-19 pandemic is far from being resolved, reflection, the word that came to mind was resilience. we will need resilience and endurance to continue to One of the possible corresponding words in Hebrew is meet the many challenges ahead. ‘Amidut’, meaning to stand-up, to recover, to stay strong. With this, I wish to express my gratitude to our fundholders What is it that makes us resilient and enables us to and colleagues, who together, make miracles happen at surmount difficulties? The answer is purpose, whether it times that matter most. is through our work, being there for our loved ones, or by supporting our community. In other words, finding purpose by looking beyond ourselves and serving others. With warmest wishes,

Nowhere is that concept better reflected than by giving Kathy R. Assayag tzedakah. This act of social justice is demonstrated Executive Director

ANNUAL REPORT 2020 5 COVID-19 CRISIS RELIEF

At the very start of the pandemic the Jewish Community Foundation of Montreal deployed its emergency fund to respond to people in need. Relief efforts were done in partnership with Federation CJA and have been primarily focused on food relief, support to isolated seniors, providing safe day-camp experiences, as well as a small business loan program. The JCF has committed $1,500,000 towards relief efforts thus far. Our ability to do so is made possible by the fees we charge our clients, as well as accumulated investment earnings, which over time helped us build a reserve for emergency purposes. We thank our fundholders for making this possible and pledge to continue to do everything we can to help people recover from the crisis.

JEWISH COMMUNITY BROADER EMERGENCY RELIEF FUND COMMUNITY RELIEF

$100,000 $100,000 Allocated to Allocated to 15 summer camps La Fondation du Grand Montréal $1.5 Million $300,000 $150,000 Allocated to the loan program* Allocated to Centraide

$580,000 Awarded to 73 organizations for food aid and support for the elderly *In partnership with Hebrew Free Loan Approved *Numbers as of August 15, 2020

6 MISSION

The Jewish Community Foundation’s mission is to grow a strong, sustainable community that embodies the Jewish values of tzedakah, tikkun olam and dor I’dor; from one generation to another. VALUES

We want to ensure that Montreal and its organizations remain strong and vibrant by helping build and carefully steward financial resources and offer tax-smart solutions that magnify the power of giving to create more impact. We are here to help individuals and families support the causes they care about and achieve their philanthropic goals. COMMITMENT

We are committed: • To helping individuals and families support the causes they care about and achieve their philanthropic goals • To finding solutions that are tax-wise, create greater impact and reflect our clients’ values • To ensuring Montreal and its organizations remain strong and vibrant by helping build and carefully steward financial resources

$114 Million $1.43 Billion

YEAR Grants & Charitable Donations Assets Under Management

AT A 2,465 1,100 GLANCE Number of Funds Number of Grantees

ANNUAL REPORT 2020 7 OUR GRANTEES

Our fundholders continue to direct their philanthropic dollars to the causes they hold dear to their hearts, in both the Jewish and broader community. Last year, the Jewish Community Foundation distributed almost $114 million to a total of 1,100 organizations and charitable programs.

1.9% 1% TOTALS 5.3% 5% Arts & Culture 6,057,049 5.3% Community & Social Services 32,603,605 28.6% Education 13,185,750 11.6% 17.5% Federation CJA 18,707,678 16.4% 28.6% $114M Health & Wellness 14,423,804 12.7% 1,100 International Aid 19,900,278 17.5% CHARITABLE 1% PROGRAMS Private Foundations 1,144,161 12.7% Religious Institutions 5,740,222 5.0% Other 2,219,421 1.9% 11.6% 16.4% TOTAL $113,981,968

8 COMMUNITY & ARTS & CULTURE SOCIAL SERVICES

Black Watch of Foundation 35,000 7730616 Canada Association 5,080 Canada’s Sports Hall of Fame 10,000 Agence Ometz 269,449 Canadian Vocal Arts Institute 22,100 Appalachian Corridor 8,500 Cinemania 78,000 Association québécoise de voile adaptée (A.Q.V.A.) 5,000 Danse Danse 10,000 Auberge Madeleine 10,000 Ensemble vocal arts - Québec Inc. 110,000 Auberge Shalom pour femmes 122,484 Festival des Arts de St-Sauveur 16,500 Banav 45,852 Fondation de la Place des Arts 7,000 Banque alimentaire Mempremagog Inc. 5,000 Fondation du Musée d’art contemporain de Montréal 15,200 Batshaw Youth & Family Centres Foundation 5,300 Fondation du Musee d’art de Joliette 14,000 B’nai Brith Canada Foundation 20,845 Fortissimo Academy of Music & Art 5,000 B’nai Brith Hillel Foundation of Montreal 5,215 Jerusalem Foundation of Canada Inc. 401,840 Boys and Girls Club of Ottawa 50,000 Jewish Community Foundation Philanthropy 49,760 CAF Canada 1,937,872 Klez Kanada 61,150 Camp B’nai Brith Inc. 138,819 La Fondation du Théâtre du Nouveau Monde 5,000 Camp B’nai Brith of Ottawa Incorporated 11,980 Les Ballets Jazz de Montréal 102,443 Camp Massad 54,575 Les Grands Ballets Canadiens de Montréal 11,250 Camp Moshava 21,730 Masques Ensemble Corporation 189,558 Camp Ramah 5,000 McCord Museum of Canadian History 31,425 Canada Charity Partners 130,810 Montreal Holocaust Museum 2,254,166 Canadian Tennis Association 25,000 Montreal Museum of Fine Arts Foundation 200,044 Caribbean Jewish Community 5,000 Montreal Symphony Orchestra 83,391 Centraide of 778,769 Musica Camerata Montreal 5,001 Centraide Richelieu-Yamaska 5,000 National Holocaust Monument Development Council 20,000 Centre Chabad Ville St. Laurent & Bois Franc 17,987 Opéra de Montréal 86,150 Centre communautaire Hochelaga 5,000 Orchestre de l’Agora 10,000 Centre Culturel de Joliette Inc. 25,000 Orchestre Métropolitain 5,690 Centre de pédiatrie social main dans la main 5,000 Pentaèdre 10,000 Centre d’ecoute et de prevention suicide Drummondville 50,000 Segal Centre for Performing Arts 2,029,348 Chabad Chabanel 23,752 The Museum of Jewish Montreal 151,368 Chabad Chai Center 17,518 The West Island Lyric Theatre 5,000 Chabad Cote St. Luc 78,001 Théâtre Le Diamant 10,000 Chabad Étudiants Juifs francophones 160,400 Thornhill Outdoor Education Campus 6,665 Chabad Hope Center 128,871 Wicha Music Foundation 5,000 Chabad House Student Centre/Chabad McGill 15,200 Chabad Lubavitch Youth Organization 100,336 TOTAL $6,057,049 Chabad of Montreal West 59,000 Chabad of the Town of Mount Royal 135,836 Chabad of Westmount 263,930 Chabad Old Montreal 5,000

ANNUAL REPORT 2020 9 COMMUNITY & SOCIAL SERVICES

Champions for Life Foundation 25,000 Hellenic Community of Greater Montreal 33,590 Charitable Gift Funds Canada Foundation 357,003 Holocaust Education and Genocide Prevention 7,500 Foundation Charity Tzedakah Montréal 26,000 JEM Workshop 35,157 Chasdei Kaduri 6,800 Jewish Community Foundation Philanthropy 11,685,258 Chaverim Donne La Main 72,500 Jewish Family Services of Vancouver 7,500 Chez Doris The Women’s Shelter Foundation Inc 417,000 Jewish Federations of Canada-UIA 8,882,915 Communauté sépharade unifiée du Québec (CSUQ) 171,357 Jewish Foundation of Greater 16,690 Crowe BGK Foundation 21,500 Jewish Heritage Foundation of Canada 361,579 Cummings Jewish Centre for Seniors 18,525 Jewish Public Library 416,130 Cummings Jewish Centre for Seniors Foundation 177,368 Jewish Russian Community Centre of Montreal 34,203 Dans la rue 63,771 Jewish Unity Partnership 15,850 David Suzuki Foundation 24,600 Kehilla Montreal Residential Programs 374,560 Depot Community Food Centre 12,404 La Dauphinelle 5,000 Desta Black Youth Network 37,500 La Fondation Moisson Beauce 10,000 Emergo Respite Services - Autism & other pervasive 5,000 Developmental Disorders La Fondation Yvon Deschamps Centre-Sud 32,000 Emunah Women of Canada 50,953 La Rue des Femmes de Montréal 5,000 ENSEMBLE for the respect of Diversity 30,180 L’Ancre des Jeunes 10,500 Equitas International Centre for Human Rights Learning Disabilities Institute 15,000 10,250 Education Leonardo Da Vinci Community Centre 50,000 Fin à la faim... 5,000 Les Maisons Transitionnelles 03 14,600 Fitspirit Community Organization 7,200 Les amis de la montagne 6,700 Fondation 24h Tremblant 5,195 L’Escale Chabad du Nord 283,563 Fondation Communautaire Canadienne-Italienne 5,000 LOVE: Leave Out Violence (Québec) 5,303 Fondation de la Visite 15,000 Ma deuxième maison à moi 5,000 Fondation des amis de l’enfance 6,500 Maccabi Canada 35,027 Fondation des amis et des anciens de l’Externat Mont- 5,000 Machson Tzvi Hersh Jesus-Marie 20,200 Fondation du Centre jeunesse de Montreal 8,500 MADA Community Centre 1,109,134 Fondation Jeunes en Tête 34,500 Maharam Tav Fund 44,250 Fondation Le Grand Chemin 5,500 Maison Belfield 21,900 Fondation Mont-de-La Salle 8,796 Maison chance Canada 25,000 Fondation Noël au printemps 30,500 Maison de l’Amitié de Montréal 5,000 Fondation Petites-Mains 5,000 Marie-Vincent Foundation 41,822 Fondation Tel-jeunes 9,200 MAZON Canada 31,366 Food Banks Canada 10,000 Moisson Montreal Inc. 29,250 Freedom From Poverty Foundation 5,000 Montreal Children’s Library 5,825 Friendship Circle 158,260 Montreal Oral School for the Deaf 57,350 Gemach Zichron Yechiel 46,500 Municipalities 53,400 Groupe communautaire L’Itinéraire 5,000 National Advertising Benevolent Society 13,000 Gutnick Mazal Jewish Center 5,000 Native Women’s Shelter of Montreal 25,632 Habitat for Humanity Province of 13,640 Neighbor to Neighbor 7,500 Hashomer Hatzair Young Guard 18,000 NPower Canada 10,000 Hebrew Free Loan Association 54,630 Old Brewery Mission 32,127 G10 ENEROSITY P.K. Subban Foundation 17,500 Conestoga College 75,000 Peace Network for Social Harmony 21,800 Dalhousie Medical Research Foundation 75,000 Pleins Rayons 10,000 Drug Free Kids Canada 5,000 Project Genesis 34,675 Eastern Townships School Board 12,000 Projets autochtones du Québec 10,000 École Études Talmudiques Beth Yosef Meir 10,000 Raoul Wallenberg Centre for Human Rights 52,640 École Maïmonide 25,395 Rav Chesed 9,800 École Premiere Mesifta du Canada 12,000 Salvation Army 6,160 EDU 2 19,509 Santropol on Wheels 11,150 Eitz Chaim Schools 10,000 Share the Warmth Foundation 10,600 English Montreal School Board (EMSB) 5,200 SPCA 7,490 Fondation Canadienne de l’INSEAD 52,607 Suicide Action Montreal Inc 9,200 Fondation Académie des Sacrés-Coeurs 10,000 Sun Youth Organization 71,445 Fondation Collège Saint-Hilaire 10,000 Sylvan Adams YM-YWHA 321,224 Fondation College St-Alexandre 5,000 Tomchei Shabbos of Montreal 75,263 Fondation Collège-André-Grasset 100,000 Tyndale St-George’s Community Centre 55,189 Fondation de l’Academie Antoine-Manseau 5,000 United Jewish Appeal of Greater Toronto 31,250 Fondation de l’athlète d’excellence du Québec 6,750 Welcome Hall Mission 18,445 Fondation du Collège Notre-Dame À Montréal 5,000 Weredale Foundation 25,000 Fonds de développement du Collège Jean-De-Brébeuf 39,900 Yaldei Aharon 50,000 Foreign approved Universities 866,615 YM-YWHA Foundation 96,933 Foundation of United Talmud Torahs of Montreal 15,600 Zichron Chaim Charity 1,023,717 Free Hebrew for Juniors 16,816 Gesher Abraham/The Toronto Heschel School 5,000 TOTAL $32,603,605 Giant Steps Foundation - Montreal 8,450 Governors of St. Francis Xavier University 100,000 Hatzolas Yisroel D’Arizal 1,234,324 EDUCATION Hebrew Academy 89,050 Hebrew Academy Foundation Inc. 64,572 HEC Montréal Foundation 188,254 Akiva School Foundation 57,400 Jewish Community Foundation Philanthropy 851,463 Azrieli Schools Talmud Torah/Herzliah 749,443 JPPS-Bialik 36,771 Beth Jacob School 179,680 JPPS-Bialik Foundation 54,966 Academy for Girls 44,485 La Fondation de l’Université de Laval - FRE de ela 50,000 Bnei Chesed Foundation 49,000 Faculté de pharmacie Bnos Bais Yaakov High School 8,500 La Fondation de L’Université de Sherbrooke 6,000 Brain Canada Foundation 12,900 Leo Baeck Day School 47,750 Bronfman Jewish Education Centre 31,602 Limmud Centre 10,000 Building a Jewish Tomorrow 10,877 Lower Canada College 51,750 Canadian Institute for Advanced Research 5,000 Loyola High School Foundation 10,000 Canadian Institute for Jewish Research 54,823 Memri Canada 10,960 Centennial Foundation 9,500 Miss Edgar’s & Miss Cramp’s School 73,346 Chibas Jerusalem - Reb Mayer Baal Hanes 8,600 Mizrachi Organization of Canada 671,324 Concordia University 430,799 Montreal Economic Institute 7,000 GENEROSITY ANNUAL REPORT 2020 11 KINDNESS EDUCATION HEALTH & WELLNESS

Netivot HaTorah Day School 10,000 Alpine Canada 66,250 New Frontiers School Board 5,000 Alzheimer Groupe Inc. 91,591 Orchestre Symphonique des Jeunes de Joliette 5,000 Alzheimer Society of Montreal 8,250 Pathways to Education Canada 6,000 AMI - Quebec Action on Mental Illness 12,369 Queen’s University at Kingston 12,000 Association de Parents pour la santé mentale de Saint- 5,000 Rabbinical College of Quebec Tomchei Tmimim Bnei Laurent-Bordeaux-Cartierville 30,240 Menachem Bikur Cholim Ladies Association 30,210 Robbins Hebrew Academy 56,000 Bladder Cancer Canada 5,096 Royal Institution for the Advancement of Learning 5,414,753 Butters Foundation 10,000 McGill University Canadian Cancer Society 13,598 Scholarships 389,416 Cancer Research Society Inc. (Montreal) 14,705 Selwyn House Association 103,800 Centre de répit Philou 13,700 Solomon Schechter Academy 16,080 Centre l’Elan 5,000 St. Andrew’s Foundation 50,000 Centre multi-fonctionnel pour les personnes 58,000 St. George’s School of Montreal 50,693 handicapées St. Thomas University 25,000 Chabad Lifeline 138,070 Summit School 5,000 Crohn’s and Colitis Foundation of Canada 19,318 The Priory School Foundation 5,000 D&W Division-Hatzoloh Volunteer EMS 12,010 The Solomon Schechter Academy Children’s Foundation 11,102 David McAntony Gibson Foundation 10,000 The Study School Foundation 40,500 Défi Corporatif Canderel 72,130 The Veritas Fund 5,550 Doctors of the World 40,000 Thomas More Institute 56,000 Donald Berman Chai Lifeline Canada 93,051 8,000 Donald Berman Yaldei Developmental Centre 440,874 Toujours ensemble 5,025 Douglas Mental Health University Institute Foundation 56,700 Université de Moncton 40,000 Dunham House 48,000 Université de Montréal 184,850 Ezras Cholim 90,230 University of 21,000 Fondation du Centre hospitalier de l’Université de 201,254 University of Western 11,610 Montréal (CHUM) Fondation Laurent Duvernay-Tardif West Island College Foundation 12,150 70,500 Fondation médicale des Laurentides et des Pays-d’en- 20,000 TOTAL $13,185,750 haut Fondation Santa Cabrini 7,088 Fondation Santé Sud de Lanaudière 10,000 Foundation on the Tip of the Toes 10,000 FEDERATION CJA Go Le Grand défi Pierre Lavoie 5,500 Habilitas Foundation 27,516 Federation CJA 15,128,557 Hatzoloh Rescue Squad of Montreal 6,880 GenJ Education 2,289,780 Heart & Stroke Foundation of Quebec 11,726 Passport to Jewish Life 1,289,341 Hereditary Breast & Ovarian Cancer Foundation 9,636 Hospice Palliative Care of Greater Moncton Inc. 40,000 TOTAL $18,707,678 I Challenge Diabetes 10,000 Institut CBM 16,620 Jewish Community Foundation Philanthropy 476,360 Jewish Hospital of Hope Eldercare Foundation 95,897

12 KINDNESS

Jewish Rehabilitation Hospital Foundation 17,560 The Foundation for Gene and Cell Therapy 25,000 Just for Kids Foundation 37,628 The Foundation For The Creation Of The Hellenic 11,000 Chronic Care Hospital Juvenile Diabetes Research Foundation Canada 246,493 The Montreal Children’s Hospital Foundation 486,150 Lakeshore General Hospital Foundation 61,300 Thoracic Surgery Research Foundation of Montreal 7,500 Leucan 8,700 Urban Pardes 23,773 Leukemia & Lymphoma Society of Canada 33,541 VGH and UBC Hospital Foundation 25,500 Loeys-Dietz Syndrome Foundation Canada 15,000 West Island Palliative Care Residence 9,150 Lubov SSMI Foundation Inc. 100,000 Maimonides Hospital Foundation 103,064 TOTAL $14,423,804 Maison Shalom 69,014 Maisonneuve-Rosemont Hospital Foundation 219,560 Make-A-Wish Quebec 15,650 McGill University Health Centre Foundation 343,405 Mira Foundation 14,700 INTERNATIONAL AID Miriam Foundation 185,418 Montreal Chinese Hospital Foundation 5,200 Aid to Disabled Veterans of Israel Beit Halochem 87,610 Montreal Fluency Centre 132,500 Can Serve Foundation 10,700 Canadian Anesthesiologists’ Society International Montreal General Hospital Foundation 1,114,430 6,250 Education Foundation Montreal Heart Institute Foundation 237,556 Canadian Associates of Ben Gurion University of the 10,545,354 Mount Sinai Hospital Foundation 123,059 Negev Muscular Dystrophy Canada 41,325 Canadian Friends of Jewish Community of Greater 10,033 Nellie Philanthropy Foundation 48,967 Stowe (JCOGS) Canadian Friends of Kneset Bnei Hagola Nicklaus Children’s Health Care Foundation of Canada 26,100 38,406 Canadian Friends of Laniado Hospital, Ontario Region Nova Montreal 113,600 67,180 Canadian Friends of Lelov Yeshivah ELOV YESHIVAH Ottawa Hospital Foundation 10,000 14,500 Canadian Friends of Mishon La’Choleh Pancreatic Cancer Canada Foundation 7,000 105,000 Canadian Friends of Ner Israel Rabbinical College Peri Operative Programme 22,000 7,078 Canadian Friends of Sanz Institutions Portage Foundation 5,680 100,000 Canadian Friends of Shalva Israel Association Princess Margaret Hospital Foundation 18,461 7,595 Canadian Friends of Shalvat Haim Regroupement pour la Trisomie 21 25,000 7,500 Canadian Friends of Tel Aviv University Rofeh Cholim Cancer Society 10,000 5,555,329 Canadian Friends of the Hebrew University of Jerusalem Sacre Coeur Hospital Foundation 27,486 158,021 Canadian Friends of the Israel Guide Dog Center Saint Raphael’s Palliative Care Residence 109,680 30,974 Canadian Friends of the Israel Museum Sainte Justine UHC Foundation 398,415 15,100 Canadian Friends of the Jaffa Institute Shriners Hospitals for Children 27,250 15,118 Canadian Friends of the Shalom Hartman Institute Sick Kids Foundation 107,500 12,000 Canadian Friends of the Stowe Land Trust Sir Mortimer B. Davis Jewish General Hospital 6,916,868 24,300 Canadian Friends of Yad Eliezer St. Mary’s Hospital Foundation 255,564 27,431 Canadian Friends of University St. Michael’s Hospital Foundation 5,000 6,800 Canadian Friends of Yeshiva Yachel Israel Starlight Children’s Foundation Canada 34,862 20,600 Canadian Friends of Yeshivat Wiznitz of Bnei Braq The Cedars Cancer Foundation at the McGill University 5,200 159,730 Health Centre Canadian Hadassah - WIZO 82,466 The Children’s Wish Foundation of Canada 8,336 Canadian Magen David Adom for Israel 366,681

ANNUAL REPORT 2020 13 INTERNATIONAL AID RELIGIOUS INSTITUTIONS

Canadian Red Cross 17,475 Adas Israel Congregation of Hamilton 6,000 Canadian Shaare Zedek Hospital Foundation 18,720 Adath Israel Poale Zedek Anshei Ozeroff Congregation 91,557 Canadian Society for the Weizmann Institute of Science 284,653 Agudath Israel of Montreal 45,506 Canadian Society for Yad Vashem 12,500 Association Merkaz Hachinuch 96,780 Canadian Zionist Cultural Association 101,494 Avreichim Torah Institute 60,506 Charlie’s Tennis Foundation 32,100 Belz Community Center 11,280 Chasdei Levy Yitzcok 133,542 Belz Congregation 107,411 Friends of Simon Wiesenthal Center for Holocaust Beth Avraham Yoseph of Toronto Congregation 17,311 29,008 Studies Beth Hamedrash L’horaah 10,962 Healthy Mothers of the World 19,000 Beth Israel Beth Aaron Congregation 66,193 Humanitarian Coalition 5,000 Beth Jacob Seminary 78,124 International Institute of Integral Human Sciences 5,000 Beth Ora Congregation 32,591 Israel Cancer Research Fund 197,652 Beth Zion Congregation 67,246 Israeli Victims of War Association 35,730 B’nai Levy Foundation 9,000 Jewish Heritage Foundation International 5,000 B’Yachad Canada 6,800 Jewish National Fund of Canada 720,241 Caisse Beth Yossef 31,136 Leket Canada 12,727 Canadian Foundation for the Education and Welfare of 10,000 Migdal Ohr The Tower of Light Children’s Foundation 177,168 the of the CIS Moniteur UN Watch Canada 9,700 Centre Beth Hamidrash 6,517 Na’amat Canada 6,188 Centre d’études talmudique de Côte-St-Luc 24,060 New Israel Fund of Canada 16,250 Chabad East Van - Centre for Jewish Life 66,400 One Drop Foundation 10,001 Chabad of Centrepoint 10,000 Operation Smile Canada Foundation 5,000 Chabad Zichron Kedoshim 27,890 ORT Canada 386,686 Chaya Mushka Seminary 177,700 Oxfam Canada 100,000 Cheder Hasepharadi 8,000 P.O.M United 5,000 Communauté Sépharade de Cote St. Luc Beth Rambam 24,800 Plan International Canada 10,704 Communauté Sépharade de Ville St. Laurent 19,359 Rose Charities Canada 18,750 Communauté Sépharade Hékhal Shalom 34,300 Save the Children Canada 101,325 Communauté Zerah Yakov 20,620 SOS Children’s Villages Canada 12,000 Congregation Beth El 105,680 Technion Canada 13,493 Congregation Beth Tikvah Ahavat Shalom Nusach Hoari 96,192 Tikva Children’s Foundation Congregation Chevra Kadisha B’nai Jacob Beit 15,000 177,202 Hazikaron Beth Hillel UNICEF Canada 10,845 Congregation Dorshei Emet 83,141 Ve’Ahavta Canadian Jewish Humanitarian & Relief 40,000 Committee Congregation Gruen Ohr Somayach 23,934 WE Charity 5,100 Congregation Imray Chaim 6,318 Congregation Kahal Yereim 6,780 TOTAL $19,900,278 Congrégation Sépharade de Hampstead Nahar Chalom 157,890

14 Congrégation Sépharade Or Hahayim 13,647 Refuah V’Chesed 46,754 Congregation Shaar Hashomayim 587,463 Saint Patrick’s Basilica 7,500 Congregation Shomrim Laboker 57,456 Shaare Zedek Congregation 229,021 Congrégation Skver 29,910 Shaare Zion Congregation 143,056 Congregation Tifereth Beth David Jerusalem 239,530 Spanish & Portuguese Synagogue 62,704 Congregation Toldos Yakov Yosef 97,256 St. John’s Lutheran Church 5,000 École Beth Tziporah 10,000 Synagogue Etz Haim-Hi Lamachzikim Bah-Or 23,459 Menachem Ezras Achim Congregation of Brotherly Help 6,930 Tashbar Institution 8,120 Ezrath Torah Fund 26,720 Tefiloh LeMoishe Congregation 19,100 First Mesifta of Canada 43,732 Temple Emanu-el Beth Sholom 181,925 Fondation des Instituts Juifs Orthodoxes 23,686 The Chassidus Learning Centre of Thornhill 8,150 Friends of Reconstructionist 49,507 The Church of St. Andrew and St. Paul 5,000 Gimilis Chesed Keren Chava B’nai Levi Association 40,000 The Fabrique of the Parish of Ascension of Our Lord 89,799 Holy Blossom Temple Foundation 8,780 The Sign of the Theotokos Orthodox Church 35,000 House of Israel Congregation of Ste. Agathe 25,976 Tikvah L’Chaim 100,000 Jewish Community of the Lower Laurentides 54,380 True North Insight Meditation Centre 5,000 Jewish Education Program 7,000 Viznitz Institution 11,600 Jewish Experience 11,600 Yam Hatalmud Foundation 19,400 Kolel of Congregation Chaside Belz Umachzike Hadasz 7,400 Yavné Académie Yéchiva 28,780 Kollel Avrechim Fondation Sepharade 48,620 Yeshiva Gedola L’école d’études supérieures de Montreal 201,704 Kollel Keser Torah 81,288 Oholei Menachem Mendel, Lubavitch 6,500 Kollel Menachem 6,070 Yeshivat Yesodei Hatora 7,972 Kollel Torah Mitzion 88,610 Yismah Moshe Hevraj Pinto Charitable Society of Kollel Yisroel David 146,700 51,160 Ontario Maison Israelite Communautaire des Eaux Vivantes 29,426 Zichron Moshe Synagogue 20,000 Menucha Vesimcha 112,696 Mesivta Kerem Menachem School 24,090 TOTAL $5,740,222 Mesivta Lubavitch Toronto 5,000 Mifalei Chaim Bechesed 215,550 Mile-End Chavurah 11,630 Mission of the Great Sheperd 10,000 Montreal Torah Center - Bais Menachem Chabad 235,470 Lubavitch Nachlas Education Centre 23,490 Ne’eman Foundation 127,109 Or Shalom 16,028 Ozer Israel 8,700 Rabbinical College of Canada 66,882

ANNUAL REPORT 2020 15 PHILANTHROPIC DEVELOPMENT

Promoting philanthropic giving is our main priority. We reach out to families across Montreal and show them how philanthropic giving can be easy, tax-effective and part of their financial planning. Our goal is to reach more families, and help them structure their giving in such a way that everything is centralized in one place. Last year we reached a new record of 2,465 fundholders, an increase of 192 over the previous year.

The JCF has grown significantly in assets under management but we believe the best DOLLARS performance indicator is the amount of money we grant to the charitable sector. For the GRANTED year ending March 31, 2020, we granted almost $114 million to charities and to charitable programs that support education, healthcare, poverty relief, social service as well as arts and culture.

140 M 120 M 100 M 80 M 60 M 40 M 20 M 35,307,955 34,176,313 40,864,831 58,130,849 107,574,610 130,293,731 113,981,968

2014 2015 2016 2017 2018 2019 2020

16 Promoting philanthropic giving is our main priority. We reach out to families across NUMBER Montreal and show them how philanthropic giving can be easy, tax-effective and part of OF FUNDS their financial planning. Our goal is to reach more families, and help them structure their giving in such a way that everything is centralized in one place. Last year we reached a new record of 2,465 fundholders, an increase of 192 over the previous year.

3000 2500 2000 1500 1000 500 1,733 1,517 1,855 2,014 2,181 2,273 2,465

2014 2015 2016 2017 2018 2019 2020

The JCF prides itself in supporting the charitable sector at large. One of the performance NUMBER measures we look at are the number of Registered Canadian Charities receiving grants OF from the JCF, as well as the number of charitable programs the JCF runs directly. Consistently from year-to-year our reach has grown and now stands at over 1,100 grant GRANTEES recipients.

1200 1000 800 600 400 200 583 643 686 860 1,000 1,000 1,100

2014 2015 2016 2017 2018 2019 2020

ANNUAL REPORT 2020 17 18

BALANCE SHEET SUMMARY FINANCIAL Unrestricted Restricted NET ASSETS Trust funds payable LIABILITIES Canadian companies Investments in private Investments Other assets Loans receivable Cash andcash equivalents ASSETS $1,425,657,817 $1,425,657,817 1,344,088,780 1,282,508,639 $1,323,251,105 $102,406,712 102,406,712 40,742,466 34,625,422 2020 28,204,871 7,599,332 11,139,412 $1,464,316,570 $1,464,316,570 $1,361,235,843 $103,080,727 $103,080,727 1,319,599,213 1,387,158,887 103,080,727 103,080,727 41,636,630 2019 27,869,082 20,878,132 21,688,761 6,721,708 6,721,708 CONTRIBUTIONS AND REVENUES 2020 2019

Contributions 120,254,833 68,129,104 Administration fees 2,651,162 2,601,645 Investment income (loss) (17,833,615) 71,232,416

105,072,380 141,963,165 Trust fund contributions 13,758,072 11,588,303

$118,830,452 $153,551,468

DISTRIBUTIONS AND EXPENSES

Grants and charitable programs 113,981,968 130,293,731 Administration fees 2,651,162 2,601,645 Financial service fees 3,855,732 2,194,565 Operating expenses 1,951,843 2,000,250

122,440,705 137,090,191 Trust fund distributions 9,523,500 8,642,620

$131,964,205 $145,732,811

Excess (deficiency) of contributions and revenues over distributions and (13,133,753) 7,818,657 expenses before undernoted item Write-down of loan receivable (25,525,000) to nominal value Excess (deficiency) of contributions and revenues over distributions and (38,658,753) 7,818,657 expenses Total net assets, beginning of year 1,464,316,570 1,456,497,913

Total net assets, end of year $1,425,657,817 $1,464,316,570 STATEMENT OF OPERATIONS STATEMENT ASSETS AND CHANGES IN NET

ANNUAL REPORT 2020 19 For the year ended March 31, 2020, the Jewish Community INVESTMENT Foundation of Montreal’s pooled fund had a return of -2.2%. The average annualized return for the past ten REPORT years has been 6.3%.

2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 8.4% -0.1% 8.5% 11.8% 9.0% -3.2% 9.2% 7.8% 3.9% -2.2%

PERFORMANCE For most of 2019, the global economy performed well of COVID-19 prompted a rally in developed government even amid trade tensions between the US and China. bonds in CY Q1 2020. However, credit suffered as credit Both countries agreed to a trade deal, which brought some spreads widened. stability. This economic stability came to a halt in early 2020, as coronavirus cases spread quickly around the world. By Private market investments saw mixed performance early March, COVID-19 was declared a global pandemic by during the year, with large amounts of capital put to work the World Health Organization. Global economic activity by global investors. In 2019, private equity saw a record soon grounded to a halt as businesses closed, global year for fundraising, backed by some megadeals in the supply chains were disrupted and consumer spending was US. Investment activity in this asset class was subdued curtailed. In response, financial markets responded with in early 2020 due to COVID-19, with declining valuations huge drops in equities, a rise in credit spreads and a flight across different sectors and regions. Infrastructure and to the safety of government bonds. Real Estate markets’ fundraising momentum continued, with Q4 2019 being the strongest quarter of the year. In From a capital markets perspective, Canadian equities were Real Estate, distressed buying opportunities have arisen in significantly negatively affected by the pandemic, losing Europe, while vacancy rates remain low in North America, 20.9% in Q1 of 2020. Overall, the S&P/TSX Composite however the impact of COVID-19 is not yet fully reflected Index returned -14.2% for the JCF’s fiscal year. The decline on asset valuations. Private debt fundraising declined was driven in large part by the weakness within the Energy sharply in 2019 and 2020 given the potential for increasing and Financials sectors. The economic impact of COVID-19, payment defaults with lower recovery rates. The majority coupled with a price war between Saudi Arabia and Russia, of capital raised in Natural Resources was in energy, since sent crude oil prices plummeting by 67%. US oil production was at an all-time high in 2019. However, in early 2020 prices were affected by declining demand On a global basis, it was much of the same as the impact and the Saudi Arabia/Russia dispute. from COVID-19 was felt across the world. The decline during Q1 2020 was consistent with that seen during past For the fiscal year, the JCF private equity portfolio returned average recessions. The MSCI World (Net) Index posted 7.2% (USD), global real estate -0.5% (USD) and timber, a -4.5% return in Canadian dollars during the fiscal year, agriculture, infrastructure and natural Resources -9.8% led by the US market, while Emerging markets returned (USD). The heavy exposure to natural resources in the latter -12.3% for the same period. category drove the negative performance.

Equities in developed markets recovered a portion of Hedge funds were up 2.9% for the fiscal year (USD) their losses in the last few days of March. However, providing very good diversifying performance compared by quarter-end, most markets were still down sharply to equity markets This performance is not necessarily from their February highs. The Canadian bond market surprising given the portfolio’s risk-reducing mandate and posted positive gains for the year, with the FTSE Canada the volatile nature of market returns, more specifically at Universe Bond Index returning 4.5%. The rapid spread the start of 2020.

20 CURRENCY AND CURRENCY HEDGING

The Fund uses a currency hedging policy approved by the Investment Committee with the aim of mainly reducing negative effects of currency fluctuations while attempting to benefit from positive fluctuations. The hedging of USD exposure will be adjusted quarterly in light of the perceived value of the USD/CAD exchange rates vs the purchasing power parity published by the OECD.

Over the fiscal year, CAD depreciated -6.2% (the worst quarter being CY Q120) against USD. The Canadian dollar decline was driven by a combination of USD strength and declining oil prices during a major part of the year. As the pandemic hit, the USD strengthened as investors shifted heavily into USD for security and stability. In an environment where CAD depreciates, static currency hedges would subtract from the portfolio’s returns. JCF’s flexible currency hedging policy resulted in a positive outcome. The unhedged return would have been -2.6% while the actual portfolio return was -2.2%.

ASSET ALLOCATION

The JCF has a long-term outlook and its investment policies seek to generate average returns that will support the programs funded by our donors. The investment policies and philosophy are set by the Investment Committee – primarily to invest for the long-term, to use a multi-manager approach, to diversify the portfolio by investing in an array of asset classes, and to have an allocation to hedged investment strategies with the goal of smoothing the Fund’s return volatility over time. The policy targets and actual exposures as of March 31, 2020 were:

Minimum Maximum Target Allocation Allocation Allocation Allocation 3/31/2020

Canadian Equity 5.0% 4.1% Global Equity 30.0% 41.2% Private Capital 15.0% 9.4% Total Equity 42.0% 58.0% 50.0% 54.7% Hedge Fund Strategies 15.0% 16.0% Total Hedge Fund Strategies 11.0% 19.0% 15.0% 16.0% Timber / Agriculture / Instructure / Natural Resources 8.75% 6.4% Real Estate 8.75% 2.3% Total Real Assets 11.5% 23.5% 17.5% 8.7% Cash 0.0% 0.6% Canadian Fixed Income 12.5% 16.8% Private Debt 5.0% 3.2% Total Fixed Income 11.5% 23.5% 17.5% 20.6% Asset Class Total 100.0% 100.0%

ANNUAL REPORT 2020 21 2019 PERSON OF THE YEAR:

HARVEY LEVENSON My wife and I hope we have inspired our ‘‘ children, grandchildren, associates and ‘‘friends to do deeds of loving kindness. Harvey Levenson, 2019 recipient of the Jewish Community Foundation’s Person of the Year Award, is a committed and active philanthropist who has dedicated his life to bettering our community. His volunteering started early back in the 1960s when he was at McGill and served as Chair of the University’s Red Feather Campaign, now known as Centraide, of which he remains an active supporter to this day. Harvey soon turned his attention to our community and in the mid-70s and 80s was involved with Young Leadership positions in Combined Jewish Appeal, becoming General Campaign Chairman in 1994. Harvey served as President of The Jewish Community Foundation from 1996-1998 where one of the important highlights of his tenure was to increase the assets of this foundation in that period of time substantially. Since 2006, Harvey has been deeply involved with the Jewish General Hospital. He was elected to the Foundation Board of Directors in 2010, co-chaired The Weekend to End Women’s Cancers in 2008, and for the past ten years has co-chaired the Power to Heal Campaign, the most ambitious campaign in the hospital’s history. These are merely some of Harvey’s many accomplishments, all this while building and sustaining Commonwealth Home Fashions, a multinational business that is a Montreal and Canadian success story. Harvey personifies what is best about our community. We are grateful that he is always ready to step up to the plate, lend a hand without fanfare, and lead by example.

RECENT PAST RECIPIENTS

2014 2015 2016 2017 2018

Senator Yoine Arnold Sylvan Joel Stephen Goldstein z”l Steinberg z”l Adams King Gross

22 EXPERIENCE

With more than 30 years of experience, I guide my clients in their personal and business projects by offering consulting services in estate planning, corporate reorganization, tax optimization and ‘‘business succession. Building on the expertise, the creativity and the innovative solutions of the Jewish Community Foundation of Montreal, I have had the opportunity over the past fifteen years to help my clients achieve their philanthropic goals. As part of these efforts, I have been able to count on the support of the professionals at the Jewish Community Foundation of Montreal to help my clients achieve their goals while optimizing their tax situation.

Over the past year, we have worked in close collaboration with the Foundation’s professionals and we have adopted a private

company stock donation strategy that has been very effective and highly appreciated by my entrepreneurial clients. I would like to take this opportunity to express my deep ‘‘ admiration for the Foundation’s mission of solidarity with our brothers and sisters and with the Montreal community in general. This solidarity has recently resulted in the launch of many generous programs in response to the urgent needs created by the COVID-19 pandemic.

Yossi Joseph Suissa, CPA, CA, LL. M.Fisc Associate - Tax partner PSB BOISJOLI

ANNUAL REPORT 2020 23 MONTREAL PROGRESS

$9.7 107 million

Estimated Future Gifts Signed Letters of Intent The Jewish Community Foundation has collaborated with the Harold Grinspoon Foundation to bring the LIFE & LEGACY® program to Montreal. The program assists Jewish communities across North America to promote after-lifetime giving to build 14 $275,000 endowments that will provide financial stability to local Jewish day schools, synagogues, social service organizations and other Jewish entities. Participating Placed in In less than eight years, LIFE & LEGACY® has motivated more Organizations Endowments than 17,000 donors in 63 communities across North America, including in Montreal, to commit more than $1 Billion (USD) in current and after-lifetime assets to the Jewish organizations that shaped their lives. In Montreal, nearly one year into the program we have made good progress. GLOBAL PROGRESS

The 14 participating organizations listed below have been working tirelessly to learn best practices, reach out to prospective legacy donors and help secure the future of their organizations. Reach out directly to your organization to discuss your legacy gift today and help assure Jewish tomorrows. $1 63 billion

Estimated Future Gifts Communities

More than 680 $100 million

Participating Placed in Organizations Endowments

*Figures as of June 20, 2020

24

The moment the Life and Legacy Project was announced I was all in. Finally a great opportunity to allow Shaare Zedek Congregation ‘‘ to continue being the warm, inviting Shul it has been for the past 70 years. The Life and Legacy Project encourages people to leave a legacy to the organization that has nourished them through good ‘‘times and sad times.

Thank you to the Jewish Community Foundation for their foresight in bringing this project to Montreal.

Nancy Cooperberg Immediate Past President, Shaare Zedek Congregation

I have been fortunate to be a proud member of the Talmud Torah | Herzliah family for over four decades. This community nurtured me

as a student, welcomed me as a parent and inspired me as an adult. Connection to this community was the impetus for me to take on

leadership roles in Jewish education. It was this model that my three ‘‘children were part of and it is this model that they emulate to this day. From alumnus, to Mom, from committee member to President, each step of the journey solidified my love of and commitment to the Talmud ‘‘ Torah | Herzliah family. I made a LIFE & LEGACY promise to my beloved school to ensure that my grandchildren and great grand children will benefit from the same education, love of Judaism and commitment to the Montreal Jewish Community that I and my children received. I have always believed that Jewish education is the strongest determining factor in ensuring Jewish identity, Jewish communal engagement and Jewish philanthropy among Jewish teens and young adults.

Monica Mendel Bensoussan Directrice de développement | Director of Development Les écoles Azrieli Talmud Torah | Herzliah Campus Sylvan Adams

ANNUAL REPORT 2020 25 NOVA GRANTS Nova Grant Recipient - Jewish Russian Community Center

The Jewish Community Foundation’s Nova Grants provides seed money for initiatives that can have a measurable impact on the vitality of our Jewish community. These grants are allocated to support the vulnerable, promote Jewish identity and culture and provide support for institutional strengthening. The goal is to encourage community institutions to experiment and to test new or innovative approaches to meeting critical or emerging needs.

Last year, the first round of Nova grants provided funding for 16 programs:

• Agence Ometz • Montreal Symphony Orchestra • Jewish Learning Lab • BANAV • Segal Centre for Performing Arts • Jewish Russian • Chabad Centre Lifeline • Temple Emanu-El- Beth Sholom Community Centre • Congregation Beth Tikvah • Donald Berman Bikur Cholim • Mile End Chavurah • Montreal Open Shul Ladies Association • Zera Café and Catering • Montreal Shira Choir • Donald Berman Yaldei • Museum of Jewish Montreal Developmental Centre

The second round of Nova Grants is underway with 13 new beneficiaries:

• Cummings Centre for Seniors • Friendship Circle of Quebec • Agence Ometz • Jewish Public Library • Sylvan Adams YM-YWHA • Jewish Russian Community Centre • Aleph Canada • Maison Belfield • Chabad des Étudiants • The Montreal Open Shul • École Maimonide • Teva Québec • Yidlife Crisis

Thanks to the generous support of donors, the JCF has a special envelope available to award annual grants for innovative programs which will have maximum impact on the local Montreal Jewish community. The JCF invites applications for a Nova Grant from any local non-profit Jewish communal organizations and institutions as well as Federation CJA (FCJA) and its affiliated organizations. Nova Grants are designated for programs that have a specific focus within the following three thematic areas:

• Supporting the Vulnerable • Jewish Identity & Culture • Institutional Strengthening ABOUT THE PROGRAM

26 PASSION

Zera Café and Catering is a not for profit social enterprise catering service that employs and trains young adults with developmental disabilities including autism ‘‘to work in kitchens.

Zera Café was still in the planning stages when we applied for a Nova Grant in August 2019. It’s thanks to this grant that we were able to get started. We built

a website, tested recipes and processes, and now, we are selling ready to eat modern Israeli meals to the public. We have hired our first two employees, work with fantastic volunteers who serve as job coaches and kitchen helpers, and we ‘‘ expect to continue to grow and hire even more employees. Zera will empower young adults of all abilities to get out, enjoy social interactions, work hard and learn valuable skills that are transferable to everyday life and other employment and also gain financial independence. This is all thanks to having been given a chance to get started from the JCF.

ANNUAL REPORT 2020 27 JEWISH COMMUNITY FOUNDATION

Pictured left to right: Robert Vineberg, Rhoda Vineberg, SCHOLARSHIPS Phyllis Karper, Ian Karper z”l, Mitchell Kendall

Thanks to our generous fundholders, these scholarships enable students to pursue a higher education.

UNDERGRADUATE SCHOLARSHIPS

• Evelyn Joy Abramowicz Scholarship • The Najman Family Undergraduate Scholarship • Thérèse & David Bohbot Scholarships • Joseph Katz Memorial Scholarship • Marlene Brand Memorial Scholarship • Yvonne & Andrew Koenig Undergraduate Scholarship • Stephen Bronfman Scholarship • Liela Klinger Kurztman Memorial Scholarship • Ruth & Victor David Undergraduate Scholarship • Levitt Family Foundation Scholarships • Gilsig Family Undergraduate Scholarship • Dr. Oskar and Sally Schickler CEGEP Scholarships • Harry Hopmeyer CEGEP & Undergraduate Scholarship • Henriette & Marcel Korner CEGEP Scholarships • Mitchell Karper Memorial Undergraduate Montreal Scholarship • Professor Lucjan Kops Undergraduate Scholarship • Hadar J. Chemtob Memorial Scholarship

GRADUATE SCHOLARSHIPS

• Stephen Bronfman Scholarship • Karen E. Latt Memorial Scholarship • Ruth & Victor David Graduate Scholarship • Irene Brand Lieberman Scholarship • Brenda Gewurz Scholarship • Bassia & Sascha Marmerstein Memorial Scholarships • Jenny Panitch Beckow Memorial Scholarship • Musia & Leon Schwartz Scholarship • Yvonne & Andrew Koenig Scholarship • Dr. Steven S. Zalcman Memorial Scholarship • The Najman Family Graduate Scholarship • Frances & Isaac Zlotowski and Krisha Zlotowska • Professor Lucjan Kops Scholarship Starker Scholarship

28

2019 Scholarship Recipients ‘‘

I am grateful for the opportunity to be surrounded by such warm and kind Jewish people who care about the future of their community.”

‘‘ Lianne Robin Koren

The Brenda Gewurz Scholarship for Feminist Leadership This award will help fund my research, while allowing me to continue to ‘‘ pursue my various extracurricular activities in community engagement ‘‘and science education.” Eviatar Fields Dr. Steven S. Zalcman Memorial Scholarship

ANNUAL REPORT 2020 29 PROFESSIONAL DEVELOPMENT SEMINAR

Our yearly seminar brings together a vast network of lawyers, accountants, notaries and financial advisors and helps them stay on top of industry PAC CO-CHAIRS 2017-2019 trends, regulations and news. This is just one of the Jewish Community Foundation’s continued Michael Frankel services to professional practitioners who are in the Marc Brender fields of tax and estate planning. Anne-Marie Boucher

Isabelle Robert Nadeau Korne B.C.L., LL.B., LL.M.Tax, B.C.L, LL.B., Partner Crow BGK LLP Spiegel Sohmer

Nancy Joshua Cleman Rubin Partner, Lapointe CPA, CA Philanthropic Advisor Rosenstein Marchand Jewish Community Melancon L.L.P Foundation

Howard David Berish Wilson FCPA, FCA, B.C.L/LL.B., Osler Philanthropic Consultant Jewish Community Foundation 2019 PAC SPEAKERS

30 Throughout the year, PAC committee members discuss how to support and encourage philanthropic conversations between advisors and their clients and to bring awareness to the benefits of making tax advantageous gifts.

ItOFFICERS is through this committee’s knowledge and expertise that the most relevant topics are identified and presented to share best practices and promote smart gift planning.

2019 PAC COMMITTEE

Mark Brender Nancy Cleman Sharon Druker Jonathan Green Earl Kaplin Julian Kotler Charles Leibovich David Lisbona Phillip Nadler Barbara Novek Rhonda Rudick Brian Schneiderman Richard Wise

Pictured left to right: Anne-Marie Boucher, Richard Vineberg, Barry Rashkovan, Carin Cielo, Raphael Barchichat, Dov Wolman, Marc Brender, Michael Frankel.

As a thank you to the professionals who have helped us promote philanthropy through their line of work, we would like to recognize last year’s honorees.

Raphael Barchichat Eva Derhy Clark Spencer CFA Jonathan Bicher CPA,CA Armand Kessous Richard Vineberg FCPA, FCA Carin Cielo Stuart Korne CPA, CA Dov Wolman CPA, CA Nathaniel Deitcher Barry Rashkovan FCPA, FCA 2019 PAC 2019 PAC HONOUREES

ANNUAL REPORT 2020 31 GOVERNANCE

FOUNDING PRESIDENT

Arthur Pascal CM, z”l

HONORARY PRESIDENTS

L. Michael Blumenstein Barry Clamen FCPA, FCA z”l Marvin Corber CM, FCPA, FCA Brenda Gewurz Senator Yoine Goldstein z”l Stanley Hyman z”l Mildred Lande CM z”l Harvey Levenson Boris G. Levine CM z”l Barbara L. Novek Barry Pascal Joel Raby Robert Raich Oscar Respitz QC Gordon Schwartz z”l Joel Segal Robert Vineberg Sheila Zittrer

CHAIRS OF COMMITTEES

ALLOCATIONS: David Martz MARKETING: Brenda Gewurz, Marian Levy AUDIT: Richard Vineberg FCPA, FCA PROFESSIONAL ADVISORY (PAC): DATA SECURITY: Daniel Assouline Mark Brender, Shelley Smith CPA, CA INNOVATION: Steven Sitcoff SCHOLARSHIPS: Allan Levitt INVESTMENT: Allan Schouela

32 OFFICERS BOARD OF DIRECTORS

PRESIDENT Henri Jack Danny Abitan Hasen Ritter CPA, CA, CFA

Gail Lindsay Adelson- Hollinger Marcovitz IMMEDIATE PAST PRESIDENT Barbara L. Novek Philip Sylvie Nadler Amar CPA, CA

VICE-PRESIDENT Francine David Miriam Wiseman Amiel Roland

Daniel Michael TREASURER Assouline Rosenberg David Martz Stephen Howard Bronfman Stotland

SECRETARY Anne-Marie Michael Yossi Boucher Etinson Suissa CPA, CA

ANNUAL REPORT 2020 33 PROFESSIONAL With a team of committed professionals, The Jewish Community TEAM Foundation of Montreal looks forward to a bright future ahead.

Kathy R. Assayag BA, ICD.D Executive Director Robert A. Kleinman FCPA, FCA Consultant Joelle Mamane CPA, CA Chief Financial Officer Joel King BA, ICD.D Executive Officer

Howard Berish FCPA, FCA Consultant Joshua Rubin CPA, CA Philanthropic Advisor Heidi Minkoff CPA, CA Controller Lee Omer BA, MA Grants Officer

Shirley Dayan Lassner BCOM Marketing, Wendy Grossbaum Communications MBA & Events Officer Finance Officer Timur Grigorchuk IT & Scholarships Officer EDICATION

34 D