An 80 million dollar fund for Jewish organizations
Seven Jewish foundations came together to announce the launch of the Jewish Community Intervention and Impact Fund (JCRIF), which will provide more than $ 80 million in interest-free loans and grants to help maintain the infrastructure of Jewish life that advances Jewish education, engagement and engagement. direction.
JCRIF funders include the Aviv Foundation, the Charles and Lynn Schusterman Family Foundation, the Jack, Joseph and Morton Mandel Foundation, the Jim Joseph Foundation, the Maimonides Fund, the Paul E. Singer Foundation and the Wilf family.
The JCRIF has two components: a loan program and an aligned grants program. The loan program will provide short-term unsecured loans to alleviate cash flow issues and to allow organizations to maintain their services and / or pay their payroll over the next three to six months. The loan program will be based at Non-profit fundraising fund (NFF), who will act as the loan fund administrator and lender of record.
It will also be a partner of Jewish federations of North America (JFNA), who will research and recommend loan applications. Shira Hutt, JFNA Chief of Staff and an experienced nonprofit and philanthropic professional, is JFNA’s liaison to the program. JFNA will work with major national Jewish networks, including members of the National Emergency Coalition, as well as independent Jewish nonprofits, to find loan seekers, officials said.
The Aligned Grants program will provide a combination of emergency funding for immediate needs and strategic funding to address organizational and sectoral changes catalyzed by the crisis. The program will provide a streamlined and expedited application and reporting system for applicants and grant recipients. The grant program will be led by Felicia Herman, who will be temporarily seconded from her role as Executive Director of the Natan Fund. The grants will complement each foundation’s current grants to Jewish organizations.
To create an efficient process that respects applicants’ time and ensures rapid turnover and deployment of resources, both programs will proactively seek funding opportunities rather than accepting unsolicited proposals.
The fund is looking for additional investors in one or both of the funding programs. More information on the Jewish Community Intervention and Impact Fund is available at https://www.jewishtogether.org/responseimpactfund.