NEW YORK--(BUSINESS WIRE)--The Jewish Communal Fund (JCF), the largest Jewish donor advised fund in the country, distributed a record $329 million in grants to charities in all sectors during the 2014 fiscal year ending June 30, 2014. This represents an increase of 17% in grant dollars as compared to the previous year. In addition, JCF fund holders recommended a record-number of grants – 39,000 – to charities in all sectors, a 10% increase from 2013.
“The incredible growth in the number and amount of grants distributed in fiscal year 2014 reflects the enormous reach that Jewish Communal Fund has, both in the Jewish world and in the secular community,” said Susan F. Dickman, Executive Vice President and CEO of Jewish Communal Fund. “We expect this trend to continue in the year ahead as we introduce a new and improved Donor Portal that will make it easier and more efficient than ever for our fund holders to make grants online.”
A leader in the world of Jewish philanthropy, JCF continues to be the largest and most active Jewish donor advised fund in the country with over $1.2 billion in charitable assets under management. In FY 2014, JCF distributed 27 percent of assets, well above the industry average.
JCF Announces $2.55 Million in Institutional Grants in FY 14
In addition to the generous grants recommended by its fund holders, JCF awarded a community gift of $2 million to the UJA-Federation of New York’s Annual Campaign to help those in need in at home and abroad. JCF’s institutional endowment, known as the Special Gifts Fund, awarded an additional $550,000 in grants to projects and agencies in the New York Jewish community in FY 2014. This included a $300,000 grant to help MJHS construct the first hospice inpatient residence in New York City to care for children as well as adults and name its Care Coordination Center. JCF is proud to support an organization that will bring comfort to families at a supremely difficult time in their lives.
“We are honored that JCF, through UJA-Federation of New York, generously funded the state-of-the-art Care Coordination Center at the new MJHS Hospice Inpatient Residence, said Eli S. Feldman, CEO of MJHS. “The MJHS inpatient residence will take pediatric and adult hospice care to another level.”
In 2014, the JCF Special Gifts Fund also granted $250,000 to the UJA-Federation of New York’s Enhanced Support Services for Jewish Single-Parent Families. Single-parent families represent a critically undeserved demographic with unique needs. UJA-Federation of New York’s Special Report on Poverty found that there are 25,000 people living in poor or near poor single-parent Jewish households.
JCF Adds Mission-Aligned Investment Options; New Philanthropic Resources
JCF provides its fund holders with a wide array of best-in-class investment options in several asset classes. Recent additions to the JCF Investment Platform include mission-aligned investment options such as Israel Bonds and the Market Vectors Israel ETF. Charitable assets are invested and grow tax-free.
JCF continues to be a leader in fostering support for innovation in the Jewish community. JCF recently published “Funding Jewish Innovation: A Resource Guide,” which provides concrete steps for finding and funding innovative Jewish projects and organizations. The Guide can be downloaded for free at http://www.jcfny.org/innovation.
About Jewish Communal Fund
Jewish Communal Fund is one of the largest networks of Jewish funders, currently managing $1.2 billion in charitable assets for more than 3,100 donor advised funds. JCF's donor advised funds make giving easy, flexible and efficient. Learn more at www.jcfny.org.