Jewish Community Foundation of Montreal – The Jewish Standard Magazine

Selected by the Harold Grinspoon Foundation (HGF) as its Montreal partner for its LIFE & LEGACY® program, the Jewish Community Foundation (JCF) is pleased to announce that over the course of its first year, 246 individuals or families have named one or more participating synagogues, schools, social service organizations and other Jewish organizations in their estate plans or other giving vehicle, for a total of over 330 promised gifts.

“As a community, we take pride in the institutions we have built together and we are determined that they remain strong and vibrant for the next generation of Jewish Montrealers,” explains JCF Executive Director Kathy Assayag.

Added Joshua Rubin, philanthropic advisor at the JCF and lead professional for the program in Montreal: “It is clear that our LIFE & LEGACY® program has struck a positive chord across our community, which is why so many families are stepping up by making an after-lifetime endowment gift. He is grateful for the tremendous work put in by professionals and lay leaders alike and notes, “working together, the organizations in the cohort have created synergies that are benefitting the community as a whole. Many of the donors have chosen to make endowment gifts to multiple organizations, strengthening different pillars of our community”.

JCF’s partners in in the LIFE & LEGACY® program include: Auberge Shalom pour femmes, Les Écoles Azrieli Schools Talmud Torah Herzliah, Beth Tikvah Congregation, Shaar Hashomayim Congregation, Camp B’nai Brith of Montreal, Shaare Zedek Congregation, Dorshei Emet Congregation, Shaare Zion Congregation, Federation CJA, Sylvan Adams YM-YWHA, Friendship Circle,Temple Emanu-El-Beth Sholom, Hebrew Foundation School, The Segal Centre for Performing Arts and Jewish Public Library.

“Our partners represent an important part of the institutional fabric of Jewish Montreal and through this initiative we are taking important steps to ensure their long-term financial stability,” adds Assayag.

The JCF provides partners with coaching and training and assists individual donors in establishing legacy gifts in the most tax-effective ways. Participating organizations learn best practices for executing legacy plans and how to make compelling cases for legacy gifts by communicating the organizations’ respective raisons-d’être and values and most importantly, the long-term impacts of individual gifts. The JCF is also offering incentive grants to participating organizations with a goal of ensuring that legacy giving becomes integrated in each of their philanthropic cultures.

“Fundraising has been challenging during the pandemic, particularly because special events, which are critical to many of our organizations, have had to be cancelled,” said Rubin. “ One of the advantages of endowments is that they create perpetual income streams that take some of the edge off year-to-year fund-raising pressures like we are all currently facing.”

LIFE & LEGACY®, which was developed by the HGF, has a proven track record. In North America, over 700 participating organizations secured more than 29,000 legacy commitments across 70 communities with a total value of over $1.1 billion (USD) during the program’s first eight years.

“In 1910, my great grandfather became a founding member of our YM-YWHA,” said Rob Fainer, Vice-President of the Sylvan Adams YM-YWHA. “Without his generation’s commitment to our JCC, my story would be very different. Similarly, my pledge to the LIFE & LEGACY program crystallizes my commitment to this timeless institution and helps to secure its future for generations to come. From strength to strength! From generation to generation!”

The Harold Grinspoon Foundation (HGF) creates opportunities to connect with Judaism and the Jewish community at key life moments. In addition to flagship programs that are active across North America and around the world, the HGF invests in Jewish life at home in Western Massachusetts. Everything the HGF does is in partnership. By leveraging philanthropy, the HGF encourages others to invest in Jewish life.

The JCF’s mission is to inspire, promote Jewish and innovate philanthropy and its vision is to build a strong and sustainable Montreal Jewish Community.

Less than eight months after having been selected by the Harold Grinspoon Foundation (HGF) as its Montreal partner, the Jewish Community Foundation (JCF) has announced that 15 community organizations have enrolled in its LIFE & LEGACY® program. The purpose of this initiative is to help synagogues, schools, social service organizations and other Jewish entities build endowments that will help ensure their long-term financial stability.

“Our partners in the LIFE & LEGACY® program represent an important part of the institutional fabric of Jewish Montreal,” explains JCF Executive Director Kathy Assayag. “Ensuring they have the financial security to continue as pillars of our community is critical to keeping Jewish Montreal connected and to the passing on of Jewish values to the next generation.

“Over the next several years,” she continues, “we will be supporting these community organizations as they have discussions with their most loyal donors, encouraging supporters to make a lasting impact on the organizations that have influenced them throughout their lives with an after-lifetime endowment gift. The JCF will be providing coaching and training and assisting donors in establishing legacy gifts in the most tax-effective ways. We are also offering incentive grants to participating organizations with a goal of ensuring that legacy giving becomes integrated in the philanthropic culture of our community.”

The first cohort of organizations participating in the program are:

Auberge Shalom pour femmes	Les Écoles Azrieli Schools Talmud Torah \|Herzliah
Beth Tikvah Congregation	Shaar Hashomayim Congregation
Camp B’nai Brith of Montreal	Shaare Zedek Congregation
Dorshei Emet Congregation	Shaare Zion Congregation
École Akiva School	Sylvan Adams YM-YWHA
Friendship Circle	Temple Emanu-El-Beth Sholom
Hebrew Foundation School	The Segal Centre for Performing Arts
Jewish Public Library

LIFE & LEGACY®, which was developed by the HGF, has a proven track record. In North America, over 600 participating organizations secured more than 25,000 legacy commitments with a total value of over $900 million (USD) during the program’s first seven years

**Rabbi Fishman with Zev Mestel (Executive Director of Beth Zion Congregation) & Howard Zingboim (Beth Tikvah team member).**

“A key benefit of endowments,” notes Ms Assayag, “is that they create perpetual income streams that take some of the edge off year-to-year fund-raising pressures that all nonprofit organizations face. By working together, the organizations in the cohort will create synergies that will benefit the community as a whole, as well as secure their own futures. The experience of HGF, which reflects our own, is that a legacy commitment from an individual often results in endowment gifts to multiple organizations.”

The JCF is committing significant resources to running LIFE & LEGACY® locally for at least four years. Participating organizations will learn best practices for executing legacy plans and how to make compelling cases for legacy gifts by communicating the organizations’ raisons d’être and values and, most importantly, the long-term impacts of individual gifts.

The JCF’s mission is to inspire, promote and innovate Jewish Philanthropy and our vision is to build a strong sustainable Montreal Jewish Community . Its commitment is:

To help individuals and families support the causes they care about and achieve their philanthropic goals;
To find solutions that are tax-wise and create greater impact;
To ensure Montreal and its organizations remain strong and vibrant by helping build and carefully steward financial resources.

The Jewish Standard Magazine

Tag: Jewish Community Foundation of Montreal

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