Foundation Distributes $733,221 in Fourth Quarter

At its fourth quarter meeting, Richmond Jewish Foundation’s Distribution Committee approved grants to over 60 different non-profit organizations. “We’re helping our donors practice Tikkun Olam with their generous Tzedakah,” said Distribution Committee member Andy Brownstein. “It is fulfilling to know that the Foundation’s generous donors are helping so many worthy charities here in Richmond, Israel, and worldwide.” The fourth quarter distributions included ten grants to local Jewish organizations, a dozen grants to national Jewish organizations, and over forty grants to local and national non-Jewish organizations.

A total of $733,221 was distributed by Richmond Jewish Foundation during the fourth quarter of 2009. Included in the total were grants distributed from a permanent endowment fund created three years ago by donors to honor the memories of  their parents. This special purpose fund annually benefits the Jewish Community Federation of Richmond, Hadassah, and the Medical College of Virginia Foundation.

“This type of special purpose fund is a perfect example of how simple and flexible setting up a fund can be.  Donors can create one fund, benefitting several charities, while honoring special loved ones,” said Richmond Jewish Foundation President Debra Gardner.

The Distribution Committee approves distributions each quarter of the year to qualified 501(c)(3) organizations. Since January 2009, over $1 million has been granted from Richmond Jewish Foundation.

The other members of the Distribution Committee include Nannette Shor (chair) Nancy Belleman, Leonard Goldberg, Barbara Shocket.