FROM STRENGTH TO STRENGTH ANNUAL REPORT FOR YEAR ENDING DECEMBER 31, 2021
“Today, our ability to more broadly support the community is stronger than ever.”
Marvin I. Schotland President and Chief Executive Officer
It is a source of considerable pride that our management team and staff are a microcosm of the diverse, equitable, and inclusive society The Foundation strives to support. Even as a Jewish institution, our tapestry of ethnic and religious backgrounds and identities provides us with a broad perspective that informs our work.
May we go from strength to strength, Evan Schlessinger Chair STRENGTH
Over the last year, The Foundation remained a source of strength and constancy. Our grantmaking provided critical support for relief efforts from the ongoing pandemic. In addition, our funding helped to advance equity and opportunity in pursuit of a more just, inclusive society. Throughout this once-in-a-generation crisis, we have been able to step into the breach to sustain essential programs and services, precisely as our founders envisioned nearly 70 yearsTogetherago.
Letter to the Community FROM STRENGTH TO
We close with gratitude for an engaged lay leadership who work with us vigorously and enthusiastically. Their collective range of expertise adds immeasurably to our strength, and it makes possible much of what we accomplish as an institution past, present, and future.
Strength comes by many measures. Some metrics are easily apparent, while others may be less obvious but potentially more significant. As our Foundation’s financial resources have compounded across decades, so has our impact. Today, our ability to more broadly support the community is stronger than ever.
Yet, for all of The Foundation’s constancy and stability, we are never static. We rigorously apply those same resources to enable a dynamic and continuously evolving culture. Our flexibility and adaptability enable us to meet changing demands through new and expanded grant programs or innovative charitable-giving products and resources that enhance a donor’s charitable giving experience. The stories on the following pages illustrate how our donors, professional advisors, and grantees are strengthened by their longstanding relationship with us.
with our 1,400-strong donor family, The Foundation granted $123 million in 2021 to more than 2,000 nonprofits. Over the past decade, distributions approached $1 billion. Total charitable assets under management reached $1.6 billion by the end of last year, illustrating our financial stability and sustained growth. Our robust grantmaking reflects our steadily expanding donor base. Each year new philanthropists are attracted to The Foundation’s breadth of capabilities that help fulfill their philanthropic ambitions. The generosity of our donor families, in turn, bolsters our strength in the community.
The many nonprofits we support recognize and value the vital resources we provide that further their work in the Jewish community, Israel, and wider society, and it extends well beyond grantmaking. In addition to financial support, these nonprofits benefit from our deep knowledge base and expertise, which help strengthen their operations and nurture growth.
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T he fa m i ly’s col l aborat ive approach to ch a r it able g iv i ng h a s it s root s i n mut u a l ded ic at ion to uphold i ng t hei r sh a red va lues. “My si sters a nd I were ra i sed w it h t he idea of doi ng good a nd rea l i zi ng t h at t here but for t he g race of God go we,” Shei l a says. “ We l ive a blessed l i fe bec au se of t he d i l igence a nd h a rd work of m a ny people who c a me before u s, so it ’s i nc u mbent upon u s to sh a re t hose blessi ngs w it h ot hers.”
LY
2/3 SH A R I NG BL E S SI NG S: T H E BA R A
T he scope of t hei r g iv i ng i s va st , reflec t i ng a w ide ra nge of i nterest s a nd c au ses, bot h w it h i n a nd out side t he Jew i sh world . T h i s yea r, f u nd s f rom t he Ba ra n Endow ment suppor ted orga n i z at ion s work i ng to promote ment a l hea lt h a nd wel l ness, help women a nd t hei r fa m i l ies face brea st a nd ova r i a n c a ncer, en able t hose w it hout employ ment to fi nd jobs, a l lev i ate food i n sec u r it y, a nd f u r t her Jew i sh educ at ion .
SPI
For Shei l a , A l a n, Glor i a , a nd Evely n, t hei r st rong pa r t nersh ip w it h T he Fou nd at ion h a s been a per fec t way to en su re t hei r pa rent s’ a nd u ncle’s legac y. “ T he Fou nd at ion rea l ly honors wh at wa s i mpor t a nt to ou r pa rent s,” Shei l a says. “I l i ke to t h i n k t hey’re sm i l i ng somewhere.” “ T he Foundation really honors what was impor tant to our parents. I like to think they’re smiling somewhere.”
SHEILA BARAN SPIWAK N WA M I
Donor Ph i l a nt h ropy i s second n at u re to t he ent i re Ba ra n Spiwa k fa m i ly. For dec ades, Shei l a Ba ra n Spiwa k , her hu sba nd , A l a n Spiwa k , a nd her si sters, Evely n a nd Glor i a Ba ra n, h ave adva nced t hei r fa m i ly’s com m it ment to g iv i ng by leverag i ng t hei r endow ment at T he Fou nd at ion to rea l i ze t hei r v i sion of a more ju st a nd equ it able world . T h roug h T he Fou nd at ion, t he Ba ra n Endow ment pu rsues i n it i at ives t h at st reng t hen t he fabr ic of com mu n it ies st retch i ng ac ross L os A ngeles, I srael, a nd Ea ster n Eu rope. Each yea r, t hey come toget her to d i st r ibute ea r n i ngs f rom ch a r it able f u nd s c reated by Shei l a’s pa rent s, Ben a nd Sa ra h Ba ra n, a nd u ncle, M i lton Ba ra n, a l l of blessed memor y. Tod ay t hey a re joi ned i n t hei r effor t s by t he nex t generat ion of t he Ba ra n Spiwa k fa m i ly: Shei l a a nd A l a n’s son, A a ron, a nd d aug hter, Sa ra h Gelba r t , a long w it h A a ron’s w i fe, A l i ssa , a nd Sa ra h ’s hu sba nd , Josh .
K FA
A sk Georg i n a a nd A l a n Rot henberg why t hey m a ke ch a r it able g iv i ng a pr ior it y, a nd t hey a n s wer w it hout m i ssi ng a beat . “ We c a re about people,” Georg i n a says. “It ’s a s si mple a s t h at .” T he dept h a nd breadt h of t hei r c a r i ng i s ex t raord i n a r y. O ver t he cou rse of si x dec ades toget her, t he n at ive M ich iga nders h ave worked to st reng t hen t he soc i a l fabr ic of t hei r adopted Sout her n C a l i for n i a com mu n it y. “ We g rew up w it h t zedakah a s a pr i m a r y va lue,” A l a n says. “O u r pa rent s modeled it for u s, a nd we’ve t r ied to do t he sa me for ou r t h ree son s.” T he couple set a stel l a r ex a mple for t hei r boys, Brad , R ich ie, a nd Da n ny, a nd t hei r respec t ive fa m i l ies. W het her g iv i ng t hei r t i me or fi n a nc i a l resou rces, Georg i n a a nd A l a n h ave spent a l i fet i me com m it ted to i mprov i ng t he com mu n it y. “A l a n h a s ser ved on t he boa rd of m a ny c iv ic, profession a l, a nd nonprofit orga n i z at ion s,” Georg i n a says w it h pr ide. A renow ned ex per t i n spor t s a nd bu si ness l aw, A l a n wa s ch a i r m a n of t he 19 9 9 Women’s World Cup a nd 19 94 World Cup O rga n i zi ng Com m it tee a nd ser ved a s president of t he L A A rea C h a mber of Com merce, t he St ate Ba r of C a l i for n i a , t he L A World A i r por t s’ Boa rd of A i r por t Com m i ssioners, a nd t he U S Soccer Federat ion Georg i n a , a noted sc u lptor a nd jewel r y desig ner, h a s been a n ac t ive pa r t ic ipa nt i n orga n i z at ion s i nclud i ng Bet Tzedek , Ced a rs Si n a i, a nd L ACM A . No m at ter t he c au se, t hei r approach h a s a lways been to ident i f y st rateg ic ways to m a x i m i ze i mpac t , a nd a st rong pa r t nersh ip w it h T he Fou nd at ion h a s been c r it ic a l to t hei r ph i l a nt h ropic success. “I a lways tel l people t h at i f t hey wa nt to get st a r ted a s ph i l a nt h ropi st s, t here’s no bet ter way to do it t h a n t h roug h T he Fou nd at ion,” A l a n says. T hey sh a re t h at message w it h t hei r fa m i ly. Ever y T h a n k sg iv i ng, t he ex tended Rot henberg fa m i ly gat hers to d i sc u ss how t hey w i l l a l loc ate ch a r it able resou rces f rom t hei r ch a r it able f u nd for t he yea r a head . Georg i n a a nd A l a n g ive each fa m i ly member money to don ate to t hei r ch a r it y of choice, wh ich t hey t hen m atch . “M a k i ng don at ion s t h roug h T he Fou nd at ion i s ou r t rad it ion,” Georg i n a says. “It ’s a fa m i ly a ffa i r.”
“I always tell people that if they want to get star ted as tphilanthropists,here’snobetter way to do it than through T he Foundation.”
Donor MODEL I NG COM PA S SION: GEORGI N A & A L A N RO T H EN BERG
ALAN ROTHENBERG
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W hen t hey met a s u nderg radu ates at UC Berkeley H i l lel nea rly 50 yea rs ago, Sue a nd Pau l Hoff m a n d i scovered a sh a red pa ssion for g iv i ng back to t hei r com mu n it y. Five dec ades l ater, t hei r person a l a nd ph i l a nt h ropic pa r t nersh ip i s st i l l t h r iv i ng. “ We bot h g rew up w it h a n u nderst a nd i ng t h at g iv i ng t zedakah i s a n essent i a l pa r t of bei ng a Jew a nd of st reng t hen i ng t he fabr ic of ou r broader soc iet y,” Sue says. “It wa s on ly n at u ra l t h at we wou ld pr ior it i ze it a s pa r t of ou r rel at ion sh ip.” For Pau l, who ser ves on T he Fou nd at ion’s P rofession a l Adv i sor Spea ker Ser ies’ pl a n n i ng com m it tee, h i s com m it ment to ph i l a nt h ropy i s profession a l a s wel l a s person a l. A s a pa r t ner at a lead i ng t r u st s, est ates, a nd t a x l aw fi r m , he adv i ses h ig h net wor t h i nd iv idu a l s a nd fa m i l ies on ways to d i st r ibute t hei r ch a r it able a sset s. He t a kes plea su re i n helpi ng ot hers do good a nd i s con si stent i n h i s recom mend at ion for how to do it . “ W hen I h ave cl ient s look i ng to est abl i sh a pr ivate fou nd at ion or Donor Adv i sed Fu nd (DA F ), I of ten refer t hem to T he Fou nd at ion, for mu lt iple rea son s,” he says “Fi rst , it ’s i nc red ibly ea s y to set up a nd doesn’t come w it h a l l t he ex pen ses of est abl i sh i ng you r ow n fou nd at ion . Second , i f you’ve h ad a good yea r fi n a nc i a l ly, a DA F a l lows you to t a ke a n i ncome t a x deduc t ion t h at yea r at t he h ig hest t a x bracket a nd accelerate t he deduc t ion, a nd t he i ncome it ea r n s i s t a x f ree.” Pau l t a kes h i s ow n adv ice i n h i s pr ivate l i fe: He a nd Sue h ave t hei r ow n DA F t h roug h T he Fou nd at ion . “ We suppor t a rou nd 30 orga n i z at ion s, a nd T he Fou nd at ion does t he heav y l i f t i ng for u s, m a k i ng it a s sea m less a s possible,” Sue says. “ T hey’re respon sive a nd able to prov ide ex per t g u id a nce, wh ich mea n s we c a n rest ea s y k now i ng t h at , a s we work towa rd i mprov i ng outcomes i n ou r com mu n it y, we’re m a x i m i zi ng ever y dol l a r we spend .”
“...g iv ing tzedakah is an essential par t of being a Jew and of streng thening the fabr ic of our broader societ y.” SUE HOFFMAN 6/7
Professional Advisor and Donor TA K I N G T H E I R O W N A D V I C E : S U E & PAU L H O F F M A N
Grant Recipient D R E A M I N G B I G G E R :
E T TA A s med ic a l k nowledge a nd d i ag nost ic tool s i mprove, more people a re bei ng d i ag nosed w it h a n i ntel lec t u a l or development a l d i sabi l it y. Tod ay, one i n 5 4 people i s d i ag nosed w it h aut i sm spec t r u m d i sorder. ET TA , one of t he prem ier prov iders of ser v ices for Jew i sh adu lt s i n t h i s g row i ng popu l at ion, offers a v it a l sou rce of suppor t m ade possible i n pa r t by T he Fou nd at ion . Si nce 2012 , T he Fou nd at ion h a s en abled ET TA to bu i ld c r it ic a l i n f ra st r uc t u re t h roug h g ra nt s t h at h ave bol stered it s c apac it y to m a ke a posit ive d i fference ac ross Sout her n C a l i for n i a . From employ ment a nd t ra i n i ng pl acement to resident i a l hou si ng, c a se m a n agement , a nd educ at ion, ET TA’s d iverse ser v ices help hu nd red s of cl ient s l ive i ndependent , en r iched , a nd ac t ive l ives. “ T he Fou nd at ion i s more t h a n ju st a f u nd i ng sou rce,” says Dr. M ich ael Held , ET TA’s fou nder a nd exec ut ive d i rec tor. “It ’s a n orga n i z at ion t h at genu i nely c a res about Jew i sh people a nd m a k i ng su re t hei r need s a re met .” I n 2021, ET TA’s d rea m s took on a n even g ra nder sc a le w it h a Fou nd at ion Rei m ag i ne Gra nt desig ned to suppor t c reat ive orga n i z at ion a l i n it i at ives developed i n respon se to COV ID 19 T he orga n i z at ion recent ly l au nched ET TA T V, a v i r t u a l pl at for m for cl ient s to i nterac t , exch a nge idea s, a nd bu i ld c r uc i a l soc i a l a nd l i fe sk i l l s. “ T he g ra nt s we’ve received h ave a l lowed u s to d rea m big ger i n so m a ny ways,” says Dr. Held . ET TA T V h a s been a ga me ch a nger, says ET TA Di rec tor of Volu nteer Ser v ices & Spec i a l Event s L ea h Sch achter. “ We h ave fit ness, a r t , a nd i mprov ac t iv it ies, plu s Sh abbat a nd g rat it ude c i rcles,” says Sch achter. “ T he session s a re recorded , a nd people c a n rewatch t hem at a ny t i me. O u r cl ient s love it!” For ET TA , t he Rei m ag i ne Gra nt h a s been t ra n sfor m at ion a l. “ T he Fou nd at ion i s a m a zi ng at adva nc i ng ou r desi re to ex plore new ter r itor y,” says Sch achter, “a nd i n doi ng so, t hey a re empower i ng ou r cl ient s to t h r ive.” “ T he grants we’ve received have allowed us to dream bigger in so many ways.”
8/9
DR. MICHAEL HELD
Alpert
at
Bobbi Asimow Memorial Ben & Sarah Baran Max & Anna Baran Milton Baran Ralph & Janice Baxter Ada M. Bay Elly Bayer Family Harriet Beck Esther & Ralph Bedrock Theresa Bell Lion of Judah Dr. Benjamin M. Bendat Irving & Jeannette Benveniste J.B. BenBerlandBerman & Shirley Rogers Berman Beth Chayim Chadashim Julius & Rose Bisno BJE StanleyUlpanH. Black Eric & Paula Bloom Drew Andrew Blumberg Boruchin Family Boruchin Family Scholarship Fund Harry & Anna Borun Charles H. & Kharlene Boxenbaum Jacqueline Briskin Samuel J. Briskin Frances Brody Caron Broidy Alvin CarolynBronstein&Gerald Bronstein Anne Elaine Brown Charles Brown Lynette Brown Earl & Norma Bubar Family Irwin StuartBuchalterBuchalter Memorial George Burns Dr. Maxwell S. & Betty C. Cagan Carlan DaniellaFamilyShaina Lee Casper Chabad Jewish Community Center Colette Chanel Abram & Sylvia Chasens Chaverim Fund For Jewish Disabled Rose RabbiChornaBernard & Ethel Cohen Max
The Foundation. We celebrate their legacy, for this generation and generations to come, and we thank them for enabling The Foundation to grow to $1.6 billion of charitable assets over 68 years. To learn more about the power of endowments and how The Foundation ensures that its donors’ legacies are fulfilled, contact The Foundation’s Development Department at 323.761.8704 or development@jewishfoundationla.org.
DavidLissiCzukerCutrowAllanEvelynLisaDorothyJacobRoselynCohenCohen&ZlataColloffCorwinAnneCorwinKuznitsoffCouzenB.CutrowFamilyFamilyE.DaneliusG.&BellaL.Davis
10/11 strengthenwhoWePERPETUITYFUNDEDENDOWMENTSINgratefullyrecognizethenearly350familieshadtheforesightandcommitmenttohelpthefuturebycreatingendowments
With Gratitude
Dr.AnonymousHerbert B. & Freda Alexander M. JacobAllenbergJ.&Fayga
Albert DonalRonaldDeBroP.DenitzS.&Phyllis N. Dreifus Constance & Sydney Dunitz Edmond Family Marvin & Ruth Elfenbein Barbara & Robert Ellison Louie RandyEmberEntin Memorial Doris Factor Janet MiltonFarber&Olga Farbstein Mimi Alpert Feldman Dorothy Fenmore Julia Fischer Ida HowardDavidAlexFleischer&LillyForro&RenaFox&Evelyn Fox Rose Freeman Mac & Belle Friedman Galanter Gang,MartinJosephineFamilyGangGangTyre,Ramer & Brown Martin Gaynor Jerry Gerard Sol & Ruth Gerber Bessie IsadoreGillis&Mildred Ginsberg George Gittelson Harry Dr.LindaStephenMashaLarryIrwinFannieEdithD.ElisaMarilynEmmySamHermanArthurIkeFayOsiasJeanneLenaSamuelJuliusReginaWilliamRosylnDavidMurrayJerryMorrisMarcusGittelsonGlaser&SallyGluck&JeanineGoldberg&MildredGoldberg&FredaGoldsteinGoldstine&AlfriedaE.GoldwynR.GolombGoodmanGordonGorelickB.Goren&DorothyGorenBettyeGreen&PeggyGreenbergGromanGronauer&BessieGutlinHaarmann&MontyHallHeatherHalpernHandler&JosephHarrisHartmanHeldHeldS.HenleyHerrHessArnie&FernHeyman Walter JewishLeoElyBenjaminLeoHerbertHilbornHill&PaulineHirshHorowitzJacobsJacobsBigBrothersCampMaxStraus Fund Jewish Community Foundation Scholarship Fund JFS Family Violence Project Fund Stella F. Joseph Daniel Kalish Sue M. Kaplan Rose Karol Jack MyrtleKarpA. Karp Maurice J. & Fay B. Karpf Alan Kassin Memorial Helen Miller Katz Memorial Joan & Richard Katz Family Sidney & Helen Katz Stanley F. Katz David B. Katzin Sidney Kaufman R. Raymond & Edith N. Kay Sandra Kaye Ely MichaelKeenberg&Jena King Berton M. & Barbara R. Kirshner Sally Kirshner Louis J.GertrudeKitsisKleinStanley&Roberta Klein Lester & Rhea Kleinberg Morris BurnellKnopow&Esther Koolish Koreh L.A. Fund Raymond J. & Shirley R. Kornfeld Isadore Kragen Ruth Kranhouse Dr. Michael Kriegel Milton & Esther Krieger Harry & Belle Krupnick Elsa L. Kunin Alex Kushner Sara Federman Hersh Kuttnauer Lainer Family Ellie & Mark Lainer Simha & Sara Lainer Landres Courage for Dignity Werner & Ellen Lange Edward Lasher Ida S. BernardFlorenceDahliaGerdaLatzLawrenceLebovitzLepon&Mollie S. Levin Lillian NathanLevine&Bessie Jean Levinsohn Cyril DavidLewinLicht
Sol Bea r & Est her Lipshut z Ja ne & Howa rd Lipstone A l f red Li sbon M a rc u s L oew Wi l l i a m S . L ouch hei m Nor m a n & Tr udy L ou i s Rudy Lugo Gera ld & Glor i a Lu sh i ng Ron a ld Lu sh i ng Ber t h a Lu st ig Er w i n Lu st ig Joh n Lu st ig M a x R . Luv i n A r t u r & Phyl l i s R . M ager M ag id son Fa m i ly M i lton & Debora h M a l k i n Phyl l i s M a rel l Mor r i s D. M a rgol i s Estel le M a rkow it z Si r Si mon M a rk s Ron a ld J. & Steven M . M a rsh Su sa n M at t i si n ko & Rober t S . De L eon Ber n a rd L . M ayers Pa n & Herb Meadow M a rk M . Melt zer Edwa rd & M a r ie Men a she Rosa l ie I . Mendel C h a rles & Dora Mesn ick A nd rew Z . Meyer Li l a Meyers M .J. Meyers & H . Gl adw i n Memor i a l Si mon M i lberg A n it a P. M i l ler Sa muel & Pau l i ne M i l ler H a r r y & Sa ree M i l stei n A n n a M itchel l M a x M itchel l R ae M itchel l Memor i a l Bra nd i Joy M itock Fred a Moh r Jer r y & Joy Mon k a rsh / M ich ael & Jod ie R ach m i l Fa m i ly A l & Eve Mon son Sad ie Versch lei ser Mu sof Ju l iu s & Estel le Nad ler M a rga ret Nat h a n Li nd a Nat h a n son Fred a & A r t hu r Nat tenberg Jeff rey A r nold Neren stei n Tibor & Er i k a Neu m a n n Est her & Stephen New m a rk Hedy Z” l & Ted Z” I O rden M a i mon ides Schol a rsh ip Hedy Z” l & Ted Z” I O rden Sh a l hevet Schol a rsh ip Hedy Z” l & Ted Z” I O rden Yu l a Boys Schol a rsh ip Hedy Z” l & Ted Z” I O rden Yu l a Gi rl s Schol a rsh ip Ted O rden Memor i a l M a r jor ie F. Os wa ld A bner Pa rker M a x & Ber t h a Pa r t Jerome & Fa it h Pea rl m a n Jacquel i ne Pea rl son I rene Perer Dr. M a r v i n Perer A bra h a m I . Perl M a r i a n ne & Gerh a rd P i n k u s Ber n ice Posner Joyce R . Powel l Ju l iu s M . R at ner Memor i a l M a x R auch Herber t Reff I sidor Rei n h a rd I r w i n A . & Ayol a I . Rei ss Ju l iu s & M a r i a n Reit kopp El l iot t J. R ipps Est her R it ter m a n Bet t y Roach A n n a Wa r ner Robi n s Edwa rd G . Robi n son Merly n J. & Li l l i a n W. Robi n son Benja m i n Rogow it z Er nest & I r m a Rose L oi s Rosen Fa m i ly Luc i l le L . Rosenberg Li ly Rosm a n M ich ael & I rene Ross N. Joseph & Jea net te S . Ross A be J. Rot h El i sa Joy Rubi n With Gratitude 12/13
Howard & Stephanie Sherwood David & Sophia Shuwarger Michael & Bernice Shuwarger Sanford C. Sigoloff Henry Silver Sidney Skolnik Harry N. Smith Terri & Michael Smooke Victoria H. Sperry Sidney & Marcia Spiegel Robert Stein Arleen Rose Steiner & Allen Edward Steiner Steinberg Family Charlotte Stern Jacob Hillel Stern Peter & Joan Stone Nathan Straus Helen Strosberg The Sweetie Endowment Stanley & Lottie Talpis Irving Thalberg, Jr. Sarah ErnestAbeFlorenceStevenSamVolpertUSCEllwoodTolchinskyUllmanLectureFundFamilyWachbritWallaceWayne&EthelWeinbergWeissberg
Theodore & Goldie Weisstein David Weisz Sylvia ElayneWeisz&Walter Wentz Manuel & Barbara Wertheimer Katherine Westheimer Fannie P. Wienir Daniel Wiggins Billy A.EthelWilderH.WilkCharles&Betty S. Wilson Stanley D. Winderman Bernice Wolf Allen S. & Ruth Ziegler Harold J. & Anita Zivetz Millie Zone Max & Lucille Zuckerman
Stella Rugeti Violet Goldberg Sachs Morris & Rebecca Sallus Salter Family
ShermanEstherMeyerJayneDavidArthurAlfredNathanJackLarraineWilliamJosephEllenBeatriceEstherPaulSandraDorothyDanielAvivaOskarFrancesAnneLeoEugeneSaulSax&JuliaSchanerSchechterSchermerSchindlerSchotland&MariekaSchotland&LouSchotland&MarvinSchotlandSchreierSchulmanSchultzM.Schwartz&ElizabethSchwartzS.SchwartzSegil&RuthSeltzerSeltzerA.Shapiro&BerniceShapiroShapiroMemorialShapiroFamily&RhodaShapiroSherbergFamily
Dr. Bernard G. & Rhoda G. Sarnat Isador
For the year ending December 31, 2021 F I N A NCI A L H IGH L IGHT S TOTAL ASSETS $1.6 BILLION Donor Advised Funds $772 MILLION Family Support Organizations $319 MILLION Endowment Funds $304 MILLION Agency Funds $180 MILLION 14/15
YEAR AT A GLANCE TOTAL ASSETS $1.6 BILLION
• Family Support Organizations create a permanent legacy of family philanthropy, carried forward between generations, and require a minimum of $2.5 million to start.
Agency
• Donor Advised Funds constitute the largest pool, representing nearly 50% of all assets. This popular charitable tool requires a $5,000 minimum gift to begin.
• Agency Funds are established by Jewish nonprofit agencies at The Foundation to manage their endowments and reserve funds. FundsFamily Support Organizations FundsDonor Advised Funds
• Endowment Funds provide ongoing support to donors’ favorite causes, a specific field of interest, or The Foundation’s community grants and require a minimum of $25,000 to get started.
$0$100M$200M$300M$400M$500M$600M$700M$800M$900M$1B$1.1B$1.2B$1.3B$1.4B$1.5B$1.6B$1.7B$1.6 B $772M$319M$304M$180M 2021 All dollars in M are millions and in B are billions.$1.4B 2020 $1.3B 2019 $1.2B 2018 $1.2B 2017 $1.1B 2016
Endowment
$123 MILLION $11 MILLION *Foundation Grants in 2021: COVID-19 Response Grants • Reimagine Grants • Education Equity Grants JEWISH - LOCAL & NATIONAL ISRAEL COMMUNITYATLARGE 71% 15% 14% FOUNDATION GRANT S BY SECTOR SERVICESHUMAN ARTS, CULTURE, & CIVIC LIFE 45% RELIGIOUSLIFEEDUCATIONHEALTH,SCIENCE,ENVIRONMENT& 22% 22% 8% FOUNDATION GRANTS BY FIELD OF INTEREST 3%
16/17 Total FoundationGrantsGrants
Nearly half of all Foundation Grants* by Field of Interest supported Human Services. Jewish causes remain the core focus of Foundation grantmaking by Sector, with 71% of grants designated for local and national Jewish nonprofits in 2021.
SERVICESHUMAN ARTS, CULTURE, & CIVIC LIFE 24% LIFERELIGIOUSEDUCATION HEALTH, SCIENCE, ENVIRONMENT& 19% 21% 19% DONOR GRANTS BY FIELD OF INTEREST 17% JEWISH - LOCAL & NATIONAL ISRAEL COMMUNITYATLARGE 45%26%29% DONOR GRANTS BY SECTOR $112 MILLION Donor Grants
Nearly half of all Donor Grants were recommended in the areas of Human Services and Religious Life. Three areas receiving a similar percentage of grants were: Health, Science & Environment; Education; and Arts, Culture & Civic Life. Donors recommended nearly half of all grants to the Jewish community locally and nationally, and one quarter went to the community at large and slightly more to Israel.
18/19
INVESTMENT Year At A Glance $519M INVESTMENTSALTERNATIVE DOMESTIC EQUITY FIXED INCOME & CASH INTERNATIONALEQUITY 6% 30% 23% 41% COMMON INVESTMENT POOL SRF*CIP 11.614.0 15.214.9 10.310.6 8.07.5 1YR 3YR 5YR 7YR 10YR 8.6 RATES OF RETURN (%) as ofCOMMON12/31/2021INVESTMENT POOL (CIP) STRATEGIC RETURN FUND (SRF) *Inception, October 2013
The Foundation’s endowments and agency funds are invested in the Common Investment Pool, a diversified portfolio with a long-term strategy of growth and preservation of capital. The Strategic Return Fund provides a similar long-term investment option for Donor Advised Funds of $50,000 or more. Both portfolios are overseen by our Investment Committee, a group of lay leaders who are seasoned professionals managing portfolios worth billions of dollars. The Investment Committee relies on investment managers specializing in specific asset classes and works with an independent investment consultant, Canterbury Consulting, to regularly analyze market conditions and monitor the portfolios’ performance and risk.
CONSOLIDATED FINANCIALS Assets Cash andOtherinvestmentsassets Total assets Liabilities and Net Assets NetLiabilitiesassets Total liabilities and netRevenueassets OtherContributionsrevenue TotalExpensesrevenue Grants Other expenses Total expenses Change in net assets Net assets at beginning of year Net assets at end of year 12/31/2021 $1,570,339,0004,949,000 $1,575,288,000 1,253,948,000$321,340,000 $1,575,288,0002021 $109,333,000133,645,000 242,978,000 161,588,0007,732,000 169,320,000 1,180,290,00073,658,000 $1,253,948,000
STATEMENT OF
The Foundation is committed to being a faithful and efficient steward of assets on behalf of its many donors. The Foundation and its Board of Trustees work with an independent auditor, Moss Adams LLP, to ensure that management provides accurate and reliable financial information. The summarized financial reports are unaudited and based on the 2021 audited financial statements, which can be found at www.jewishfoundationla.org/financials. In 2021, The Foundation’s operating expenses were approximately 0.5% of total assets, substantially lower than that of many community foundations. The Foundation has operated at or under budget every year for more than two decades, allowing it to invest additional dollars into the community. 12/31/2020 $1,427,712,00010,754,000 $1,438,466,000 1,180,290,000$258,176,000 $1,438,466,0002020 108,369,000$96,704,000 205,073,000 109,411,0007,635,000 117,046,000 1,092,263,00088,027,000 $1,180,290,000
FINANCIALSTATEMENTACTIVITIESOFPOSITION
Ellen Rosen Vice President and General Counsel Ledger Zhang
Robert Avery Vice President, Finance Daniel Maya Assistant Controller
DeWayne Nash General
Controller Cynthia A. Jones Investment Accountant Iris M. Manlapid Foundation Secretary EXECUTIVE Marvin I. Schotland President & CEO Kate Martin Executive & Board Liaison MARKETING COMMUNICATIONS& Lily Reiner Senior Marketing & SpecialistCommunications Lewis Groner Vice President, Marketing & Communications Janet Keller Marketing ManagerCommunications& STAFF
Accountant Beverley Montgomery Office Manager Allen
20/21 FINANCE ADMINISTRATION& Jewish Community Foundation
June del Rosario SpecialistAccountant/Payroll
Sarina Raby Grants Manager MANAGEMENTGRANTSDEVELOPMENT CENTER FOR PHILANTHROPYDESIGNED Naomi Strongin Vice President, Center for Designed Philanthropy Georgina Baquet Events Manager and Database Specialist Kelsey Smith Grants AssociateManagement Julie Whitmer Grants AssociateManagement Warren Fong Senior Program Officer Karen Friedman Development Assistant Sara Hahn Senior Program Officer Tamara Pickering Database Manager & IT Support Specialist Charlotte Friedman Program Officer Heather Baroff Donor AssociateStewardship Dan Rothblatt Executive Vice President Steve Gamer Vice AdvancementPresident, Natella Royzman Vice CharitablePresident,Gift Planning Marissa Nachman Program Officer
Evan Schlessinger Chair Mar vin I. Schotland President & CEO Abby L.T. Feinman Vice President, Center for Designed Philanthropy Committee Co Chair Marcia Weiner Mankoff Vice President, General Community Grants Committee Chair Scott H. Richland Vice President Mark N. Schwartz Vice President, Cutting Edge Grants Committee Chair Eugene Stein Vice President Adlai W. Wertman Vice President, Center for Designed Philanthropy Committee Co Chair Dan Rothblatt Executive Vice President Robert Aver y Vice President, Finance Steve Gamer Vice President, Advancement Lewis Groner Vice President, Marketing & Communications Ellen Rosen Vice President & General Counsel Natella Royzman Vice President, Charitable Gift Planning Naomi Strongin Vice President, Center for Designed Philanthropy Selwyn Gerber Secretar y, Israel Grants Committee Chair Anthony Chanin Treasurer, Finance Committee Chair Jewish Community Foundation L E A D E R S H I P OF F IC E R S 22/23
BOARD BOARD
OF TRUSTEES ADVISORY
Martin S. Appel* Lynn JeffreyDaniellaBertrandSelwynMindyLorinAbbyWilliamAllanAnthonyBiderChaninB.Cutrow*R.Feiler*L.T.FeinmanM.Fife*FreedmanGerberI.GinsbergNaimKahenH.Kinrich Audit Committee Chair Mark MatthewJeffreyLainer*LoebLouchheim Next Stage Grants Committee Chair Marcia Weiner Mankoff Heidi Monkarsh Ari LawrenceMoss Rauch* Scott H. Richland Nurit I. Robin Marc Rohatiner Scott Sandler Evan CathyEugeneAndreaMichaelDebraAnnetteAlexandraMarkSchlessingerN.SchwartzShabtaiShapiro*SmalleyG.SmookeSonnenbergSteinSiegelWeiss* Investment Committee Co-Chair Adlai W. Wertman *Past chair Jewish Federation Albert Praw Rabbi Noah Farkas Kenneth A. August Leah CliffHugoSoniaJonathanGeorgeBishopT.CaplanCooklerS.CummingsD.deCastroEinstein Marketing Committee Chair Max Factor, III Irwin S. Field Alan J. Gindi Herb JonathanGlaserM. Glaser Glenn RonaldMartinMarkMitchellRonaldDorothyDanielGolenbergV.GoodsteinS.GorenM.KabrinsT.KaplanS.KarlanL.KozbergL.Leibow Jeffrey L. Levine Jordan L. Lurie Francis S. Maas Harold J. Masor Todd M. Morgan James A. Nathan Investment Committee Co-Chair Karen
RaymondMarilynKeenanBarbiPeterRichardRichardNathanSandlerSandlerA.SchulmanS.VolpertWeilWeinbergL.WolensZieringJ.Zolekhian
In Gratitude M A RV I N S C H O T L A N D
M a r v i n i s a bold t h i n ker w it h a clea r v i sion . I nt u it ive a nd resolute i n h i s dec i sion s Underst ated a nd g rac iou s T hose who k now h i m best c a l l h i m a men sch. M a r v i n’s rem a rk able legac y a nd i nc red ible accompl i sh ment s spea k for t hem selves. W hen he ret i res at t he end of t h i s yea r, he w i l l leave T he Fou nd at ion pr i med for cont i nued excel lence, ready to weat her a ny stor m s t h at i nev it ably w i l l come ou r way dow n t he road .
T hank you for your extraordinar y leadership for more than three decades. 24/25
R E T I R I N G
T h a n k you for you r ex t raord i n a r y leadersh ip for more t h a n t h ree dec ades. M ay you go f rom st reng t h to st reng t h a nd h ave on ly good hea lt h, much h appi ness, a nd end less nacha s for m a ny yea rs to come.
M a r v i n Schot l a nd i s t he idea l person you wa nt i n t he room when you’re fac i ng rea l ly toug h dec i sion s. He foc u ses on t he long ga me w it h a qu iet st reng t h a nd a g u id i ng pr i nc iple t h at con siders wh at ’s t he best pat h not ju st for tod ay, but wel l i nto t he f ut u re. W hen M a r v i n joi ned T he Fou nd at ion i n 19 89 , it h ad a sset s of ju st $9 0 m i l l ion a nd g ra nted $18 m i l l ion . O ver t he fol low i ng dec ades, he t ra n sfor med t he orga n i z at ion . A s president a nd CEO, he t u r ned a modest operat ion i nto wh at T he Fou nd at ion i s tod ay: a powerhou se of A mer ic a n Jew i sh ph i l a nt h ropy w it h $1.6 bi l l ion i n a sset s a nd $123 m i l l ion i n g ra nt s. Get t i ng t here wa sn’t ea s y. It took end less h a rd work , persi stence, deter m i n at ion, a nd foc u s. Ju st t he k i nd of at t r ibutes M a r v i n lea r ned wh i le g row i ng up i n You ngstow n, Oh io, a s a ch i ld of Holoc au st su r v ivors. He a l so lea r ned t he va lue of repa i r i ng t he world . T h at ’s why he ded ic ated most of h i s profession a l l i fe to ph i l a nt h ropy, g u id i ng cou nt less ot hers to become more deeply engaged i n mea n i ng f u l t zedakah.
JEWISH COMMUNITY FOUNDATION OF LOS ANGELES 6505 WILSHIRE BOULEVARD, SUITE 1200 LOS ANGELES, CALIFORNIA, 90048 www.jewishfoundationla.org ORGANIZATIONNONPROFITUSPOSTAGE PAID PERMIT NO. 4330 LOS ANGELES, CA