Posts Tagged time
Weinberg foundation to give out $100 million each of the next two years
The Harry and Jeanette Weinberg Foundation announced Wednesday that it would give out more than $200 million over the next two years, including some $21 million in new grants over that time period.
The Baltimore-based foundation, which traditionally gives more money to Jewish causes than any other foundation does, will also start accepting letters of inquiry on Aug. 3 from grant seekers who were not previously receiving money from the foundation.
This ends a period dating back to last November when the foundation said that it would not accept any new letters of inquiry.
But the foundation’s giving is still down, according to its president, Rachel Monroe.
Last year, Weinberg gave out $106 million. Over the next two years it will average $100 million. If the foundation had stayed on the growth pace it set before the recession, its assets would have been worth $2.5 billion and it would have given out $125 million in 2009.
Over the next two years it will have only $21 million available for new grantees. The other $179 million is designated for pre-existing multi-year grants.
The foundation said that it would honor all pre-existing grants.
“The cut is really related to shrinkage in the asset base due to the overall asset value,” Monroe told The Fundermentalist in an e-mail Tuesday. “That said, we are only down 25%, versus many other foundations which unfortunately are closer to 40% down. How did we do this? 40% of the Foundation’s asset base is diversified with active real estate holdings in the State of Hawaii.”
http://blogs.jta.org/philanthropy/article/2009/07/15/1006567/weinberg-foundation-to-give-out-100-million-each-of-the-next-two-years
brought by Moishe Alexander, CFC canadian funding corp CEO
When Times Are Tough, People Support Houses of Worship…Even Jews!
by Robert I. Evans & Avrum D. Lapin
In our previous piece for eJewishPhilanthropy, we described a few notable trends emerging from the 2008 report of Giving USA, the highly respected and often-cited annual report outlining last year’s results for charitable giving. The study captured headlines across the country but few reporters focused on the one noticeable sector where we saw continued annual growth in overall donations: RELIGION. Giving to religion increased in 2008, and continues to constitute the largest sector of the “giving pie” in the U.S. philanthropic community. This finding has been consistent for more than a generation.
But to what can we attribute this increase in giving to religion in 2008 at a time when the arts, social services and education sectors experienced downturns? What makes religious giving seemingly “recession proof?”
Here are facts that frame the response:
* Religious donations increased in 2008 at a time when most other charitable contributions were lagging from 2007.
* Nearly 3 percent of all Americans tithe, meaning that they direct at least ten percent of their gross income to charity. But, generally, Americans who tithe do not support non-profit causes other than religion.
* There are 350,000 religious organizations (synagogues, churches, and mosques) in the United States, including about 3,000 synagogues. During times of downturn, faith related institutions are not just places for spiritual renewal and support but are also connections to financial and other assistance services for those requiring emergency help. Communities and donors understand this, and are often compelled and motivated to pitch in, financially and otherwise.
* Historically, Americans giving to religion stays stable or sees minimal impact whenever there are downturns in the economy!
We, at EHL Consulting, work closely with synagogues of all sizes and denominations so we understand that these numbers alone only tell a small part of the story and might not accurately reflect the reality of Jewish support for synagogues. We know that the Jewish philanthropic arena is an eclectic mix of vibrant organizations with diverse missions and agendas. But one thing is predictable: as Jews weather economic pressures, they continue to turn to their houses of worship . . . just as non-Jews do as well. But as the economy improves, will they - as donors - stay or will they leave?
The challenge to clergy, other synagogue professionals, and volunteer leadership is to continue to offer opportunities for impactful involvement and financial support. American congregations are positioning themselves differently in this competitive philanthropic market. We are seeing some mid-sized and larger congregations hiring development professionals and other marketing specialists. If managed correctly, these investments will return value quickly with expanded options for giving and improved professional approaches to securing charitable gifts. Even Planned Giving - a fundraising approach generally exclusive to arts, educational, and health care institutions - has found its way into synagogue fundraising vocabularies.
While 35 cents of every philanthropic dollar in 2008 was directed to faith-based institutions, other sectors are preparing to rebound. And just like everything else related to this recession, many of the “old rules” may no longer apply going forward. Therefore, now is the time for synagogues of all sizes to strengthen their fundraising capabilities and approaches to continue to secure market share. They can do that by using their limited resources wisely and investing in the tools and human assets, volunteer and professional, which will enable them to sustain and grow.
In a world where we can no longer make any assumptions, synagogues must be proactive to ensure their rightful place in the hearts and minds of donors in the months and years to come.
Robert I. Evans, Managing Director, and Avrum D. Lapin, Director, are principals of The EHL Consulting Group, of suburban Philadelphia, and are frequent contributors to ejewishphilanthropy.com. EHL Consulting is a proud member of the Giving Institute and an underwriter of Giving USA. The institute is a leader in tracking data and following trends in the non-profit sector. EHL Consulting works with dozens of non-profits across the globe on fundraising, strategic planning, and non-profit business practices. Become a fan of The EHL Consulting Group on Facebook.
http://ejewishphilanthropy.com/when-times-are-tough-people-support-houses-of-worshipeven-jews/
reviewed by Moishe Alexander, CFC canadian funding corp CEO
Collective Action Can Make Every Philanthropic Dollar Effective
Let’s embrace the diversity of our interests and find ways to weave these various strands into a strong and rich tapestry.
In their editorial entitled “Charity begins with priorities” (April 14), the editors of The Jerusalem Post suggest that the current economic climate requires the “rich” in our community to set aside their “philanthropic dalliances” in favor of funding communal needs determined by “collective decision-making.” That certainly is one way to address the problem the Post describes as “too many organizations… and too much competition for resources” in American Jewish life.
Of course, what may appear to be a “dalliance” to one philanthropist may be a strategic focus of another. Rather than bemoan the breadth and depth of Jewish interests, Jewish expression and Jewish spirituality, those of us who care deeply about the future of the Jewish community should embrace the diversity of our interests and find ways to weave these various strands into a strong and rich tapestry. What is required to make that happen is collective action, not collective decision-making.
In Israel, as in the US and Canada, the newest organizations appearing on the scene, often with significant funding from previously untapped sources, represent a renewed spirit, energy and interest in Jewish life, all of which deserve to be nurtured rather than abandoned.
The key to success during the current economic climate is neither to spurn new ideas nor to continue to allow everyone to make Shabbat for themselves. Rather, we must allow those new ideas to take root in existing organizations while simultaneously encouraging those organizations to work together to eliminate unnecessary duplication and redundancies in the Jewish communal world. The time has come for us to take collective action to make sure that every philanthropic dollar is spent as efficiently and effectively as possible. Cooperation and collaboration are no longer sufficient by themselves; to borrow from Lee Iacocca, every responsible Jewish organization must lead, follow or get out of the way, either by closing their doors entirely or by finding ways to integrate their programs into stronger, more viable entities.
Pursuing such an approach will require all of us - foundations and service providers alike - to make painful choices and decisions. And while no one likes to admit or accept that a project or program to which they have committed time and/or money is failing to meet the mark, the current situation demands that we think anew about all of our activities and seize this opportunity to restructure our organizations and initiatives so they have the greatest chance to succeed in the future. As the world learned from Jack Welch, the legendary CEO and chairman of General Electric, selling or closing businesses in which you are less than No. 1 or No. 2 in the marketplace is a proven way to move from weakness to strength.
Fortunately, both private and public conversations about consolidation are beginning to take place in boardrooms throughout our community. For instance, Rabbi David Ellenson, president of the Hebrew Union College - Jewish Institute of Religion, recently sent an open letter to faculty, students, alumni and friends of the HUC explaining the need to seriously consider consolidating its three stateside campuses (Cincinnati, Los Angeles and New York) into a new, more streamlined configuration, while still supporting its Jerusalem campus. Exploration of integrating the type of teacher training programs pioneered at CAJE (Coalition for the Advancement of Jewish Education) into JESNA (Jewish Education Service of North America) is ongoing, as are discussions between two of the leading organizations for Jewish teens: BBYO and PANIM.
Other, more private deliberations are also proceeding. But probably not enough.
For our community to realize the full benefit of greater collaboration and consolidation, bold action and visionary leadership will be required. And not only among our service providers; our philanthropists must also take a hard look at themselves. While the decision of Warren Buffet to leave his fortune to the Bill and Melinda Gates Foundation is the most extreme example of funder collaboration, many other opportunities and vehicles for philanthropic partnerships exist and are deserving of serious consideration. Not only could the growth of funding collaboratives generate greater leverage and increase efficiencies, it would substantially reduce the reliance many organizations place on a single donor and, in turn, help them avoid the fate of groups adversely impacted by the Madoff-related collapse of high-profile and generous foundations such as Chais and Picower.
A shining example of how collective action can help our community is the impressive work of the Foundation for Jewish Camp. Under the able leadership of Jerry Silverman, the FJC is assisting individual camps while advocating for camping as a whole. Camps are improving and their numbers are growing because of the expertise the FJC is bringing to camping as a field. By establishing itself as a “center of excellence,” the FJC has positioned itself to be a critical resource for individual camps.
In partnership with several other foundations, we recently helped to launch a new American organization, Repair the World, in the hope that it will serve similar functions for program providers in the realm of Jewish service. And, in Israel, we hope the Haruv Institute will play a comparable role for organizations engaged in the prevention and treatment of child abuse and neglect.
Our community has long talked about greater cooperation and collaboration. Now, the time to act has arrived. Consolidation and collective action represent two approaches with the greatest potential to encourage Jewish life to flourish.
Sandy Cardin is president of the Charles and Lynn Schusterman Family Foundation and Schusterman Foundation-Israel.
reviewed by Moishe Alexander, CFC CEO
http://ejewishphilanthropy.com/collective-action-can-make-every-philanthropic-dollar-effective/