Search results for: Finance
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The faltering economy and shrinking funding have caused Jewish non profit organizations to dramatically cut back on activities and staffing. This new situation has been bringing Jewish institutions to consider how they can work together to streamline an organizational world that apparently has become too large to fund. The announcement last week that the Coalition for the Advancement of Jewish Education was canceling its annual conference and seeking ways to provide its programmingwith the Jewish Educational Services of North America could indicate that more such moves are on the way.
Updated: Jan. 19, 2009
At a meeting of 35 of the largest Jewish foundations convened in New York on December 23, 2008 by the Jewish Funders Network to discuss responses to the damage caused by the massive alleged Madoff Ponzi scheme, the foundations decided to set up a clearinghouse to allow nonprofits to share resources, publicize their needs and callout if they are in danger.
Updated: Jan. 01, 2009
The Ponzi scheme perpetrated by Bernard Madoff is the latest in a string of financial blows to Jewish aid programs in the former Soviet Union, wiping out the Chais Family Foundation that was the primary funder of Jewish higher education in Russia. The foundation had been providing $2.5 million annually in funding for 12 cultural and educational programs in the FSU.
Updated: Dec. 29, 2008
JGooders is a newly launched online central, global, Jewish-Israeli arena of Good Doers, (aka Gooders). JGooders facilitates and broadens the opportunity to do good deeds by allowing visitors from all over the world to learn about Jewish/Israel social projects and contribute to and/or volunteer for them. As of mid-December, JGooders listed a total of 117 projects in nine countries, including 16 in the United States belonging to more than 30 Jewish/Israel charity organizations
Updated: Dec. 29, 2008
In early December, 2008, PEJE convened a conference call with leaders of the denominational networks and major Jewish organizations to serve as a think tank on the harsh economic realities schools are facing. Out of this call grew the initiative for a series of field-wide conference calls to address crucial topics that schools are facing.
Updated: Dec. 28, 2008
Seven schools funded in part by Worldwide ORT are facing an extreme budget crunch in the wake of the worldwide financial crisis. The schools, from Moldova to Siberia, are the only option for Russian students seeking a non-Orthodox Jewish education in the former Soviet Union. Earlier this year, the Jewish Agency for Israel was forced to cut more than $1 million in funding for the ORT school system as part of an overall $45 million budget cut.
Updated: Dec. 18, 2008
The Perelman Jewish Day School of Philadelphia, in an effort to increase enrollment by lessening the financial burden on parents, announced a $6,000 tuition reduction for all kindergarten students entering in fall 2009. The pilot program, under the auspices of the newly formed Kohelet Foundation, will offer a total of $27,000 in tuition assistance per pupil for this incoming class up till grade five. The initiative is an attempt to outreach to Jewish families to bring them to enroll their child in a Jewish Day school.
Updated: Dec. 03, 2008
Or Avner, the world's largest private Jewish educational network, which operates about 100 Jewish schools in Russia and other former Soviet republics as well as cultural and educational activities in more than 100 locales in the former Soviet Union, Israel, Germany and the United States is bracing for budget cuts. The network, headed and financed by Lev Leviev, is feeling the effects of the global economic crisis on the revenue and holdings of its major patron. The network has no intention of ceasing its activities, however in light of economic developments the management of Or Avner has decided to reexamine the suitability of its activities to the new budgetary realities.
Updated: Nov. 06, 2008