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Will the Giving Pledge affect Jewish causes?

 
 
 

The philanthropic world got a happy jolt when 40 members of the world’s wealthy elite — including 13 Jews — announced that they would give away more than half their money before they died.

The participating philanthropists were responding last week to a challenge issued earlier this year by Warren Buffett and Bill Gates to their billionaire peers to donate more than half of their wealth in their lifetimes. Buffett and Gates called it the Giving Pledge.

But without any obvious signs of where their money will go, it’s unclear what impact this will have on Jewish nonprofits.

“This pledge is a very good thing — I want to be very clear about that — but I remain unsure if it is a game changer for the Jewish community in particular,” said Mark Charendoff, the president of the Jewish Funders Network, an organization for givers of at least $25,000 annually to Jewish causes.

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Thirteen Jewish philanthropists were among the first to take the Giving Pledge challenge issued by Bill Gates, above, and Warren Buffett. Courtesy of the Bill & Melinda Gates Foundation

Charendoff said the average Jewish billionaire gives pretty much the way Americans give.

“If that is the case, then we will see money go to higher education, to health care and possibly to the arts,” he said, noting a phenomenon that long has vexed the Jewish philanthropic world.

Wealthy Jews are among the most charitable mega-donors per capita. More than one-third of living donors who have given away more than $1 billion, according to Forbes, are Jewish.

But the overtly Jewish charities among their portfolios pale in comparison to the general causes to which they give. Mega-philanthropists who have made Jewish causes a centerpiece of their giving are the exception.

The Jews who have taken the Giving Pledge fit the standard profile: All give to Jewish causes, according to a reading of the 990 tax forms of their foundations and published reports on their giving, but those gifts constitute only a fraction of the tens or hundreds of millions each gives away per year.

The Jewish names on the list are Michael Bloomberg, Eli and Edith Broad, Barry Diller and Diane Von Furstenberg, Larry Ellison, Joan and Irwin Jacobs, George Kaiser, Lorry Lokey, Bernie and Billie Marcus, Bernard and Barbro Osher, David M. Rubenstein, Herb and Marion Sandler, Jeff Skoll, Sanford and Joan Weill, and Shelby White.

Lokey is an exception to the rule on Jewish giving. While most of his largesse has been for educational causes, a large chunk also has gone to Israeli recipients. Lokey gave $33 million to the Technion-Israel Institute of Technology in Haifa and has donated substantial sums to the Leo Baeck High School in Haifa, Ben-Gurion University of the Negev, the Weizmann Institute, and Hadassah. He also has given $80 million to Catholic schools, by his own estimate.

A journalist who moved to public relations and then started his own business, Lokey, 83, says that he wants to make another $300 million or so from his investments before he dies. He already has pledged everything he has — somewhere in the range of $700 million — to a handful of charitable causes, and he told JTA the next big gifts will be to Israeli education.

“I hope to make it a billion before I kick the bucket,” Lokey said. “The next $60 million or so will go to Israel.”

Aside from Bernie Marcus, who has an arm of his foundation to deal with Jewish causes, and Bernard Osher, who gives away most of his money through the Jewish Communal Fund of San Diego, the Jews on the Giving Pledge list have directed the vast majority of their philanthropic dollars to general causes that are not explictly Jewish.

That would suggest that the Giving Pledge may not have a significant impact on Jewish causes.

Stacy Palmer, the editor of The Chronicle of Philanthropy, suggested the pledge might not have such a great impact on other causes, either, since the first 40 to sign on are the “usual suspects” who already have pledged away more than half their money.

Lokey fits that profile. He had sold his company, Businesswire, to Buffett in 2008, so the two already were familiar with each other when Buffet called him.

“A few weeks ago, Warren called to ask if I would be interested in making this pledge,” Lokey said. “I told him that I had already pledged and given away everything. He said, ‘Yes, that is why I want you on board.’”

Other Jews on the list were in a similar position.

“I know of a number of Jewish philanthropists who have already made those provisions long before Gates’ plan,” said Phyllis Cook, a philanthropic adviser to several of the Jews who have signed on to the Giving Pledge.

The foundations of several of those on the list contacted by JTA confirmed that the pledge is not expected to change much about how the foundations will operate.

The question for the Jewish community is how to increase the share of money Jewish givers donate to Jewish causes.

Charendoff estimates that Jews gave between $4 billion and $5 billion to Jewish-centric causes last year. If the pledge were to inspire everyone on the Forbes list of 400 top givers to give away half their wealth, he estimates that some $600 billion would go into the philanthropic world. That compares to the $300 billion or so that was given out by all Americans last year, according to GivingUSA. More than 130 of those on the Forbes 400 are Jewish.

“I don’t believe that we have begun to tap the Jewish community in terms of the potential wealth that is out there,” Charendoff said.

The problem is that the Jewish community still behaves as if it has a monopoly on philanthropic dollars from Jewish givers, he said.

“Thirty years ago, if you were Jewish and a philanthropist and you wanted to be on a board, your realm of activity was probably going to be in the Jewish world,” Charendoff said. “Now we are competing with Carnegie Hall and the Met and Sloan Kettering. This is the big leagues, and we can’t play as if we are competing between the American Jewish Committee and the Anti-Defamation League.”

For more about Jews on the Giving Pledge list, go to jstandard.com.

JTA

 

More on: Will the Giving Pledge affect Jewish causes?

 
 
 

Jews on the Giving Pledge list: How have they given ‘Jewish’?

This is what we know so far about the Jewish giving of the Jews who have accepted the Giving Pledge, according to searches of their foundations’ 990 tax forms and media reports:

Michael Bloomberg: Already one of the world’s most generous givers, the mayor of New York City has been ramping up his charity in recent years. His foundation does not yet have 990 forms that show where his money is going, but according to a New York magazine profile he is a major donor to New York’s Jewish Museum.

“Being charitable is an important part of Jewish identity,” Joan Rosenbaum, director of the museum, told the magazine. “And Michael has been an extraordinarily generous supporter of the museum since 1988.”

 
 
 
 
 
 
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‘Historic partnership’ recalled

Rosenwald Schools had national impact

In the late 1800s, seeking funds to build Alabama’s Tuskegee University — then Tuskegee Normal School — the author and educator Booker T. Washington went up north to solicit help from known philanthropists. Among them was Chicago resident Julius Rosenwald, president of Sears, Roebuck, and Co.

“A lot of northern philanthropists were looking to help out with education in the South,” said Tracy Hayes, field officer and project manager for the Rosenwald Schools Initiative of the National Trust for Historic Preservation.

In the end, she said, Rosenwald’s contribution would help not just Tuskegee, but the cause of public education throughout the south — and the nation as a whole. Through his efforts, some 5,000 schools were opened for African American children, some of which still function today.

 

Tears in Teaneck

Lipstadt keynotes annual Shoah event

It was an emotional, bittersweet Teaneck Holocaust commemoration this year. Perhaps it was because long-time residents Arlene Duker, who lost her daughter to Arab terrorists many years ago, and Rabbi Johnny Krug, a son of survivors and dean of student life and welfare at Frisch High School, read the family names of those who were lost in the Shoah. Among them were Backenroth, Flanzbaum, Malca, Jacobowitz, Adler, Bacall, Goldberg, Greenwald, Morris, Kraar, Taffet, Lewkowitz, Weissler, Rosenberg, Hampel, Stern, and many other familiar names — all neighbors, all second generation, all families with decades-deep roots in Teaneck, tied together by the tragedies of the Shoah and the triumph of survival.

Teaneckers have played an important role in shaping Holocaust education since 1979, so it was appropriate for Deborah Lipstadt, the keynote speaker, to talk about the Adolf Eichmann trial and the politics surrounding it. Earlier in the evening, she told The Jewish Standard that the trial 50 years ago gave the world a universal view of the Shoah, because for the first time, survivors gave testimony.

 

A search that lasted 67 years ends at Frisch

Survivor meets family of Army captain who saved him

Frisch students, 650 of them, listened raptly as one of their teachers, Rabbi Jonathan Spier, grandson of Walter Spier, a survivor of the Shoah, described the moment in 2006, in Mauthaussen, that changed his life. He was on a “roots” trip with his grandfather, Walter Spier, a survivor from Marburg, Germany; his parents; and siblings. That day set him on a path to find the man who saved his grandfather’s life, because Walter wanted to say thank you.

It was a 67-year old quest that began in earnest when Jonathan went on the Internet on the anniversary of Kristallnacht 2011 to search for Capt. Mike Levy, the American captain who was Commandant of the Displaced Persons Camp in Mauthaussen. The captain made Walter his special project—providing him with clothing, preventing him from eating too much when food finally arrived, and by putting him on a train to his hometown to search for his brother—just one step ahead of the Communists. When Walter and Jonathan talked about their search at Congregation Ahavat Achim, Bergen County resident Randy Herschaft, a longtime Associated Press investigative researcher, heard about their quest and offered to help with data searches.

 

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