Jewish endowments up 7.6 percent

0

(JTA) — Jewish community foundation-managed endowments increased 7.6 percent in 2012 over the previous year, a new survey found.

The Jewish Federations of North America annual survey of endowment development released last week showed federation endowments distributed $1.4 billion in 2012 to Jewish and secular organizations locally, nationally and internationally. Endowment assets grew in 2012 to $14.3 billion, and contributions to endowment programs rose to $1.8 billion.


Overall, endowment contributions plus contributions to the federations’ annual campaign combined for $2.7 billion overall.

Endowment grants have been used to support programs that advocate for social justice, deliver food and medicine to the needy, fund Jewish education, and provide disaster relief.

https://www.washingtonjewishweek.com/enewsletter/

Endowment assets included unrestricted funds, restricted permanent funds, donor-advised funds, supporting foundations, legacy and other types of gifts contributed to federations and Jewish community foundations.

Never miss a story.
Sign up for our newsletter.
Email Address

LEAVE A REPLY

Please enter your comment!
Please enter your name here