The Jewish Communal Fund, a nationwide donor-advised fund sponsor, has introduced that its account holders really useful grants totaling $456 million to greater than ninety-five hundred nonprofits in fiscal 12 months 2019.
In accordance with JCF’s 2019 Giving Report, sixty-three thousand grants have been awarded from greater than 4 thousand accounts in FY19 — a year-over-year enhance of eight % — or a mean of sixteen grants per fund with a imply common grant quantity of $7,228 and a median grant quantity of $500. JCF funds collectively disbursed 23 % of their charitable property, with 36 % of the fund’s accounts distributing not less than half their property. In combination, JCF account holders made contributions totaling $746.eight million — a 65 % enhance over FY18 — 35 % of which have been within the type of money grants, 36 % within the type of publicly traded securities, and 29 % within the type of advanced property.
The report additionally discovered that just about 70 % of all FY19 distributions, some forty-four thousand grants, totaling virtually $200 million have been directed to Jewish organizations. By way of problem space, JCF account holders gave essentially the most in help of schooling ($102.9 million), adopted by neighborhood organizations and human companies ($79.7 million), Israel/worldwide ($65.7 million), faith ($43 million), arts and tradition ($41.9 million), well being ($38.9 million), Jewish schooling ($33.9 million), the UJA Federation ($21.6 million), the surroundings ($17.2 million), and Jewish tradition ($10.9 million).
“The 2019 JCF Giving Report highlights the extraordinary generosity of our fundholders and their profound influence on strengthening the Jewish neighborhood and addressing broader societal wants,” stated JCF govt vice chairman and CEO Sue Dickman.