Source: JTA
The Avi Chai Foundation has given a $1.6 million grant to Yeshiva University to help Jewish day schools improve their financial situations.The grant will go to YU’s Institute for University-School Partnership to support its financial benchmarking work with 30 day schools in five different Jewish communities.
The program is designed to help the schools with financial benchmarking and long-term financial planning, and it provides extensive consulting support for participating schools. This $1.6 million will help support those initiatives and will go towards capacity building by offering three year matches for funds that each school brings in from local donors, foundations and Jewish federations.
If the project, which was piloted in Bergen County, N.J., is successful in these first five communities, Avi Chai and YU plan on expanding it to up to 200 schools in 30 communities.The initial five communities have not yet been identified.