“In a time of economic crisis, philanthropy is part of the safety net,” Andres Spokoiny, president and CEO of the Jewish Funders Network, told eJP, citing the pandemic as an example of funders stepping up in ways they hadn’t before. Of JFN’s 2,500 members, 72% gave more during the pandemic than they had before it started. It’s also too early to see the full impact of inflation and its processes, since “there are many things happening at the same time,” he added.
“We have an objectively strong economy, low unemployment [and] economic reactivation that is easing the burden,” he said. “The scenario we most have to fear is stagflation, inflation with recession. That’s the nightmare situation for humans and the economy.”
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