From Hadassah Magazine (January 2021):
"...As they weather the corona-virus storm, arts institutions are facing what Melissa Martens Yaverbaum, executive director of the Council of American Jewish Museums (CAJM), described as “an existential upheaval.” Particularly hard hit are the centers with small endowments that depend on admissions fees and gift shop sales for the bulk of their revenue. One such place is the Tenement Museum on the Lower East Side of Manhattan. Seventy-five percent of its $11.5 million operating budget comes from such income; by April of last year, the museum laid off or furloughed more than 100 full-time and part-time staffers and reduced its budget by 70 percent.
In May, in response to the financial needs in the Jewish arts and culture field across the United States, a consortium of five Jewish foundations working with the Jewish Funders Network launched the CANVAS initiative, which funneled more than $900,000 to the Council of American Jewish Museums, the Jewish Book Council, LABA and other groups to distribute to Jewish institutions and individual artists..."
Read full article in Hadassah Magazine.
Inside Philanthropy, January 11, 2021
"It’s been more than a decade since billionaires Warren Buffett and Bill and Melinda Gates launched the Giving Pledge, a campaign that encourages the most affluent people in the world to join Buffett and the Gateses in donating most of their wealth to charity.
Enter the Jewish Future Pledge—a new campaign that’s based in part on the Giving Pledge but geared toward Jewish philanthropists of all income brackets."
Andrés Spokoiny, president and CEO of the Jewish Funders Network and a member of the Jewish Future Pledge’s advisory board defended the effort, as well as financial tools such as endowments and DAFs."
Read the full article by Simone Ellin in Inside Philanthropy.
Thanks to the work of JFN Israel, donor-advised funds are now available in Israel, and we are confident they will be a game-changer for Israeli philanthropy.
Inside Philanthropy, a leading philanthropy website, recently published this article about JFN Israel and Keshet-DAF, the nongovernmental organization we established together with our partners at Tel Aviv University's Institute for Law and Philanthropy and the Committed to Give organization.
Responding to an op-ed in the Chronicle of Philanthropy earlier this week in which Professor Lila Corwin Berman sharply criticized the Jewish Future Pledge (co-founded by JFN members Mike Leven and Amy Holtz), JFN President and CEO Andrés Spokoiny published a piece on the critical role legacy giving and endowments play. In addition to praising the Jewish Future Pledge, his piece also noted the accomplishments of the Harold Grinspoon Foundation's Life & Legacy program.
Read the full piece in the Chronicle of Philanthropy.
Download a PDF of the article.
For decades, the donor-advised fund, known by the acronym DAF, has become an increasingly popular and powerful force way for Americans to donate money. This philanthropic tool has played a critical role in sustaining American Jewish life, and most Federations or associated Jewish communal foundations sponsor a DAF program.
Now, for the first time ever, this giving vehicle is available to Israelis and to foundations making grants in Israel — and I expect it bring more money, and more donors, into Israel’s vital nonprofit sector. In Hebrew, the word “daf” means page, so as Jewish Funders Network and our partners introduce DAFs to Israel, I like to think that we are helping the country turn the page and open a new chapter in philanthropy.
Read the full article in the Times of Israel.