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July 15, 1994 - Image 61

Resource type:
Text
Publication:
The Detroit Jewish News, 1994-07-15

Disclaimer: Computer generated plain text may have errors. Read more about this.

While you're enjoying the outdoors
don't forget about your indoors.

JCC has the highest total of en-
dowments being held by UJF,
$4.8 million. The foundation
also holds $3.5 million desig-
nated for the Fresh Air Society,
with interest from many of the
funds designated for scholar-
ships for campers whose fami-
lies cannot afford the full cost.
Communal agencies with the
fewest funds include Hebrew
Free Loan Association (HFLA)
and the Jewish Community
Council. The Council has begun
a drive to raise $360,000 in or-
der to annually send 10 non-
Jewish community and
government leaders to Israel.
The HFLA started a Cen-
tennial Fund, seeking $1 mil-
lion by its 100th anniversary in
1995. The money would endow
loans from its crisis fund, its ve-
hicle fund and several other cat-
egories.
In the words of one official,
"Hebrew Free Loan went from
nothing to $400,000 in endow-
ments in just a short time."
The agency has an old rule
that limits loans for automobile
purchases to $2,000. "You can't
purchase much of a car for
$2,000 anymore," the official
said. "They could just change
the rule, but you need more
money to make it work."
Jewish Family Service
achieved a major goal this year
when it reached $2 million in
endowments for its Windows
program to prevent family
violence. Reaching the goal
earned Windows an additional
$666,000 from the VanDusen
Endowment Challenge fund.
The successes are heart-
warming says the Council of
Jewish Federation's Gilbert
Jacobson. "But when you com-
pare our success to colleges and
hospitals, which have been do-
ing this much longer, our work
is cut out for us.
"We have not received near-
ly enough to meet the needs of
the Jewish community. The
needs are growing at a much
faster rate." ❑

For information on estab-
lishing an endowment, call
the United Jewish Founda-
tion at the Jewish Federa
tion, 642-4260.

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