~ LEXUS

PHILANTHROPY

OF L.Fin

■ nci

from page 12

president of the San Francisco-based
Institute for Jewish and Community
Research.
One of the largest drops in the federa-
tion world — the United Jewish
Communities' plunge from seventh
largest philanthropy to 33rd — was
attributed to accounting errors the
Chronicle of Philanthropy made last year.
The UJC is the umbrella for North
American Jewish federations. The UJC's
funds come primarily from the Jewish
federations, through a combination of
dues and money earmarked for national
and overseas needs.
It raised approximately $245 million
in 2000 — the majority of which was
allocated to the Jewish Agency for Israel.
An additional $63 million, which is not
included in the tax forms due to techni-
cal accounting reasons, were allocated to
the American Jewish Joint Distribution
Committee.
Last year, the Chronicle of Philanthropy
double-counted certain revenues, and
UJC tax forms included other revenues
that are no longer included, according to
Jerry Carter, the UJC's associate vice
president for finance and administration.
Adding to the apparent confusion was
the fact that last year the UJC had been
recently formed from the merger of
three other organizations and that last
year's revenues also included back dues
from member federations that had accu-
mulated over several years. If one were
comparing "apples to apples," last year's
number should have been $248 million,
Carter said, but was instead reported as
$524 million.
The Chronicle this week adjusted its
Web site listings for last year, ranking
UJC at 27 rather than seven.
However, Carter and other UJC offi-
cials said the tax form numbers are less
significant in measuring the health of
the federation system than is the fact
that the federation system collectively
raised $2.9 billion in 2000, up from
$2.4 billion in 1999. That included
money from annual campaigns and
endowments.
Tobin, who has studied American
Jewish philanthropic trends, said overall,
this year's rankings show that "Jewish
philanthropies are holding their own."
Tobin said the ranking also illustrates an
ongoing trend of Jewish philanthropists
increasing donations to endowments
and communal foundations while feder-
ation annual campaigns decline as a per-
centage of total Jewish giving.
Tobin cautioned against reading too
much into the fluctuations of various
groups, noting that a sudden increase in
one year "could be the result of one or
two huge gifts" or a capital campaign. Ei

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47N

11/2

2001

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