5774 / SPRING 2014
Legacy NEWS JEWISH COMMUNITY FOUNDATION OF LOS ANGELES
THE LANGE ENDOWMENT AT 10 YEARS A Legacy That Resonates Throughout Israel From the Negev to the Galilee, and from Jerusalem to Tel Aviv, projects supported by the Werner and Ellen Lange Endowment Fund are flourishing across Israel 10 years after the fund was established.
Ellen and Werner Lange, of blessed memory, felt passionately about supporting Israel and the Jewish community. Their legacy will continue far into the future.
FROM THE DESK OF MARVIN I. SCHOTLAND PRESIDENT & CEO, JEWISH COMMUNITY FOUNDATION
The Power of Endowment Funds to Sustain Community Sixty years ago—in 1954—our founders conceived The Foundation to ensure a source of permanent funding to support the needs of a burgeoning post-World War II Los Angeles Jewish community, as well as the recently created State of Israel. These visionaries, of blessed memory, certainly could not imagine the twists and turns that the future held. The founders’ prescience is now beyond question. They’d take considerable pride in the pillar of strength and stability they spawned: $880 million in charitable assets under management and a community of 1,000-plus committed donors, who together with The Foundation, provided $65 million in grants just last year.
“The Langes would be unbelievably pleased to know what’s happened to their significant charitable investment,” says Jewish Community Foundation President and CEO Marvin I. Schotland, noting that over $4.2 million from the Lange Endowment Fund has been awarded to projects in Israel over the past decade through The Foundation’s Israel Grants program. This amount, along with $2.3 million granted through The Foundation’s Cutting Edge Grants program to local Jewish organizations, brings the Lange Endowment’s total awards to $6.5 million since it began making distributions. Werner and Ellen Lange began a series of conversations with The Foundation in the late 1990s to explore their philanthropic options. After providing for family and friends, they opted to establish an endowment fund upon their passing to carry forth their legacy and passion for strengthening Jewish identity and Israel. They ultimately decided to entrust their assets to The Foundation to be used to further this vision.
An Emphasis on Self-Sufficiency “Many of these programs in Israel provide for economic self-sufficiency—helping hundreds of Israelis to acquire the skills they need to compete in the marketplace Continued on page 2
Nowhere is that original intent better reflected than through The Foundation’s dynamic portfolio of endowment funds, which today number some 225. Endowments offer their creators the ideal vehicle for establishing a permanent legacy—ensuring in perpetuity an ongoing stream of funding to causes and organizations that were meaningful in their lifetimes. Throughout this 60th anniversary year, we will celebrate and pay tribute in Legacy to our endowments and the difference they have made—both to those who established them, as well as to the innumerable beneficiaries of these acts of selfless generosity. Endowments at Continued on back page
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