resilience€¦ · financial summary investment report person of the year 2019 life & legacy
TRANSCRIPT
RESILIENCE
2020
ANNUAL REPORT
jcfmontreal.org
INDEX
TABLEOFCONTENTS
INDEX
Letter from the President
Letter from the Executive Director
COVID-19 Crisis Relief
Mission, Values, Commitment
Grantees
Philanthropic Development
Financial Summary
Investment Report
Person of the Year 2019
LIFE & LEGACY ®
Nova Grants
Scholarships
PAC Seminar
Governance
Professional Team
04
05
06
07
08
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22
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28
30
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34
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Next year the Jewish Community Foundation will be celebrating its fiftieth anniversary! We will be honoring the women and men who through their dedication and hard work have helped ensure the vitality of Montreal’s Jewish community. One such person is the late Arthur Pascal, who, together with other founders of the JCF understood the importance of planning and securing the future. The JCF was established with the idea of creating an emergency fund to respond in the event of an adverse situation.
Today, 49 years later, I am in awe of their foresight. As Frankl suggested in his profound words, in the space of COVID-19, an unimaginable global pandemic, the JCF had the power to choose our response based on our mission and our financial strength. In March, as the lockdown measures took hold, thanks to our emergency reserve fund capitalized over many years, we were uniquely positioned to choose our response. We immediately approved $1.5 million towards relief efforts facilitating and convening an integrated response to Montreal’s emergency needs.
We were able to convene a Community response in partnership with Federation CJA including food relief to isolated seniors and newly vulnerable families. We joined forces with the Hebrew Free Loan Association of Montreal, to offer interest-free loans to small businesses who were impacted by the pandemic and who did not qualify for the government backed loan program. We also funded 15 Jewish day camps to help subsidize fees, operate safely in smaller groups and enabled them to purchase the necessary personal protective equipment.
Together with Federation CJA, we funded COVID relief grants to several aid organizations including MADA, the
Family Store, Tomche Shabbos, the Chessed Fund, just to name a few. We also understood that we had the power to respond to the broader community and we quickly authorized emergency funding to Centraide and La Fondation du Grand Montreal, who were organizing food and shelter relief for our fellow Montrealers and Quebecers.
I believe that our response to the novel coronavirus thus far would have made our founders proud. Their vision, five decades old, foresaw the need for a rainy-day fund and thanks to them we were able to not only respond to the crisis but will have the ability to plan for a recovery that will keep our community strong.
I wish to thank Kathy Assayag on behalf of the JCF board and the community at large. Kathy’s leadership and perspective garnered numerous requests to sit at so many tables where her skills and broad networks could mobilize resources with focus, determination and compassion. I also owe a debt of gratitude to the staff of the JCF who continued to punch well above their weight in order to ensure we could respond to our generous donors in facilitating their personal philanthropy at this critical time. I thank the Executive and Board of Directors for their leadership and support over the course of the year and particularly in the past 6 months during the pandemic.
The pandemic will continue to create pressures and challenges on our beloved Community. The JCF will stand strong in our response as we must ensure the future of our Community and allow for the next generation to nurture the freedoms we have enjoyed living in such a storied Community. In our response, as Frankl said, we will secure the growth and freedom for those here and abroad who will need our collective help now more than ever.
Between stimulus and response there is a space. In that space is our power to choose our response. In our response lies our growth and our freedom.
PresidentThe Jewish Community Foundation of Montreal
Danny Ritter, CA, CPA, CFA
Sincerely,Wishing you all a happy and healthy new year ahead.
Viktor Emil Frankl, (1905 – 1997), Auschwitz survivor, author of ‘Man’s Search for Meaning’
MESSAGEFROM THEPRESIDENT
4
For the past seven years, I have had the privilege of leading the Jewish Community Foundation. For each of those years, as I prepared to address our valued fund holders in our annual report, I would choose a word in Hebrew to highlight a particular thought. These words, deeply meaningful to me, were relevant to our work in promoting philanthropy and reflected the experience of that year.
As I contemplated the events of the past six months, I pondered on what word I could possibly use to describe what we are currently going through. Amidst the COVID-19 pandemic, we have been challenged in ways previously unimaginable. We all encountered unforeseen adversities of, at times, existential proportions. Upon reflection, the word that came to mind was resilience. One of the possible corresponding words in Hebrew is ‘Amidut’, meaning to stand-up, to recover, to stay strong.
What is it that makes us resilient and enables us to surmount difficulties? The answer is purpose, whether it is through our work, being there for our loved ones, or by supporting our community. In other words, finding purpose by looking beyond ourselves and serving others.
Nowhere is that concept better reflected than by giving tzedakah. This act of social justice is demonstrated
through the generosity of our valued fundholders who in the past year, collectively distributed over $114 million to diverse charities and programs. It has been humbling to witness the determination of our donors who acted so decisively during this time of uncertainty.
It has also been inspiring to witness the commitment of the members of the JCF professional team who despite working remotely, juggling kids at home, or taking care of parents – have continued to dedicate themselves to serve our clients. I want to thank Joelle Mamane for taking care of the business side of our operation so effectively and express gratitude to Bobby Kleinman for the wisdom and experience he so generously shares.
Finally, a word of thanks to Danny Ritter, our President who has been a source of formidable support to me. I am grateful for the important discussions we had aimed at deciding how best we could respond to the crisis. Under his leadership and with the support of our Board members we deployed an emergency fund that did and will continue to do a lot of good. At the core of our board members’ purpose is the will and ability to make a difference, based on a deep and true sense of care for others.
As the COVID-19 pandemic is far from being resolved, we will need resilience and endurance to continue to meet the many challenges ahead.
With this, I wish to express my gratitude to our fundholders and colleagues, who together, make miracles happen at times that matter most.
MESSAGEFROM THEEXECUTIVEDIRECTOR
With warmest wishes,
Executive DirectorKathy R. Assayag
RESILIENCE
ANNUAL REPORT 2020 5
COVID-19 CRISIS RELIEF
At the very start of the pandemic the Jewish Community Foundation of Montreal
deployed its emergency fund to respond to people in need. Relief efforts were done
in partnership with Federation CJA and have been primarily focused on food relief,
support to isolated seniors, providing safe day-camp experiences, as well as a small
business loan program. The JCF has committed $1,500,000 towards relief efforts thus
far. Our ability to do so is made possible by the fees we charge our clients, as well
as accumulated investment earnings, which over time helped us build a reserve for
emergency purposes. We thank our fundholders for making this possible and pledge
to continue to do everything we can to help people recover from the crisis.
$1.5Million
Approved
$580,000Awarded to 73 organizations for food aid and support forthe elderly
$300,000Allocated to the loan program*
$100,000Allocated to 15 summer camps
$100,000Allocated toLa Fondation duGrand Montréal
$150,000Allocated to Centraide
JEWISH COMMUNITY EMERGENCY RELIEF FUND
BROADERCOMMUNITY RELIEF
*In partnership with Hebrew Free Loan
*Numbers as of August 15, 2020
6
ANNUAL REPORT 2020
MISSION
COMMITMENT
VALUES
YEARAT A GLANCE
Grants & Charitable Donations
$114 Million
Number of Funds
2,465
$1.43 Billion
Assets Under Management
1,100
Number of Grantees
The Jewish Community Foundation’s mission is to grow a strong, sustainable community
that embodies the Jewish values of tzedakah, tikkun olam and dor I’dor; from one generation
to another.
We are committed:
• To helping individuals and families support the causes they care about and achieve their philanthropic goals
• To finding solutions that are tax-wise, create greater impact and reflect our clients’ values
• To ensuring Montreal and its organizations remain strong and vibrant by helping build
and carefully steward financial resources
We want to ensure that Montreal and its organizations remain strong and vibrant by helping
build and carefully steward financial resources and offer tax-smart solutions that magnify
the power of giving to create more impact. We are here to help individuals and families
support the causes they care about and achieve their philanthropic goals.
7
8
OURGRANTEES
TOTALS
$113,981,968TOTAL
Arts & Culture
Community & Social Services
Education
Federation CJA
Health & Wellness
International Aid
Private Foundations
Religious Institutions
Other
6,057,049
32,603,605
13,185,750
18,707,678
14,423,804
19,900,278
1,144,161
5,740,222
2,219,421
Our fundholders continue to direct their philanthropic dollars to the causes they hold dear to their
hearts, in both the Jewish and broader community. Last year, the Jewish Community Foundation
distributed almost $114 million to a total of 1,100 organizations and charitable programs.
$114M1,100
CHARITABLEPROGRAMS
5.3%
28.6%
11.6%
16.4%
12.7%
17.5%
1%
5.0%
1.9%
1.9%
1%
28.6%
11.6%16.4%
12.7%
17.5%
5% 5.3%
ANNUAL REPORT 2020 9
Black Watch of Canada Foundation 35,000
Canada’s Sports Hall of Fame 10,000
Canadian Vocal Arts Institute 22,100
Cinemania 78,000
Danse Danse 10,000
Ensemble vocal arts - Québec Inc. 110,000
Festival des Arts de St-Sauveur 16,500
Fondation de la Place des Arts 7,000
Fondation du Musée d’art contemporain de Montréal 15,200
Fondation du Musee d’art de Joliette 14,000
Fortissimo Academy of Music & Art 5,000
Jerusalem Foundation of Canada Inc. 401,840
Jewish Community Foundation Philanthropy 49,760
Klez Kanada 61,150
La Fondation du Théâtre du Nouveau Monde 5,000
Les Ballets Jazz de Montréal 102,443
Les Grands Ballets Canadiens de Montréal 11,250
Masques Ensemble Corporation 189,558
McCord Museum of Canadian History 31,425
Montreal Holocaust Museum 2,254,166
Montreal Museum of Fine Arts Foundation 200,044
Montreal Symphony Orchestra 83,391
Musica Camerata Montreal 5,001
National Holocaust Monument Development Council 20,000
Opéra de Montréal 86,150
Orchestre de l’Agora 10,000
Orchestre Métropolitain 5,690
Pentaèdre 10,000
Segal Centre for Performing Arts 2,029,348
The Museum of Jewish Montreal 151,368
The West Island Lyric Theatre 5,000
Théâtre Le Diamant 10,000
Thornhill Outdoor Education Campus 6,665
Wicha Music Foundation 5,000
7730616 Canada Association 5,080
Agence Ometz 269,449
Appalachian Corridor 8,500
Association québécoise de voile adaptée (A.Q.V.A.) 5,000
Auberge Madeleine 10,000
Auberge Shalom pour femmes 122,484
Banav 45,852
Banque alimentaire Mempremagog Inc. 5,000
Batshaw Youth & Family Centres Foundation 5,300
B’nai Brith Canada Foundation 20,845
B’nai Brith Hillel Foundation of Montreal 5,215
Boys and Girls Club of Ottawa 50,000
CAF Canada 1,937,872
Camp B’nai Brith Inc. 138,819
Camp B’nai Brith of Ottawa Incorporated 11,980
Camp Massad 54,575
Camp Moshava 21,730
Camp Ramah 5,000
Canada Charity Partners 130,810
Canadian Tennis Association 25,000
Caribbean Jewish Community 5,000
Centraide of Greater Montreal 778,769
Centraide Richelieu-Yamaska 5,000
Centre Chabad Ville St. Laurent & Bois Franc 17,987
Centre communautaire Hochelaga 5,000
Centre Culturel de Joliette Inc. 25,000
Centre de pédiatrie social main dans la main 5,000
Centre d’ecoute et de prevention suicide Drummondville 50,000
Chabad Chabanel 23,752
Chabad Chai Center 17,518
Chabad Cote St. Luc 78,001
Chabad Étudiants Juifs francophones 160,400
Chabad Hope Center 128,871
Chabad House Student Centre/Chabad McGill 15,200
Chabad Lubavitch Youth Organization 100,336
Chabad of Montreal West 59,000
Chabad of the Town of Mount Royal 135,836
Chabad of Westmount 263,930
Chabad Old Montreal 5,000
ARTS & CULTURECOMMUNITY &SOCIAL SERVICES
$6,057,049 TOTAL
GENEROSITY
Champions for Life Foundation 25,000
Charitable Gift Funds Canada Foundation 357,003
Charity Tzedakah Montréal 26,000
Chasdei Kaduri 6,800
Chaverim Donne La Main 72,500
Chez Doris The Women’s Shelter Foundation Inc 417,000
Communauté sépharade unifiée du Québec (CSUQ) 171,357
Crowe BGK Foundation 21,500
Cummings Jewish Centre for Seniors 18,525
Cummings Jewish Centre for Seniors Foundation 177,368
Dans la rue 63,771
David Suzuki Foundation 24,600
Depot Community Food Centre 12,404
Desta Black Youth Network 37,500
Emergo Respite Services - Autism & other pervasive Developmental Disorders 5,000
Emunah Women of Canada 50,953
ENSEMBLE for the respect of Diversity 30,180
Equitas International Centre for Human Rights Education 10,250
Fin à la faim... 5,000
Fitspirit Community Organization 7,200
Fondation 24h Tremblant 5,195
Fondation Communautaire Canadienne-Italienne 5,000
Fondation de la Visite 15,000
Fondation des amis de l’enfance 6,500
Fondation des amis et des anciens de l’Externat Mont-Jesus-Marie 5,000
Fondation du Centre jeunesse de Montreal 8,500
Fondation Jeunes en Tête 34,500
Fondation Le Grand Chemin 5,500
Fondation Mont-de-La Salle 8,796
Fondation Noël au printemps 30,500
Fondation Petites-Mains 5,000
Fondation Tel-jeunes 9,200
Food Banks Canada 10,000
Freedom From Poverty Foundation 5,000
Friendship Circle 158,260
Gemach Zichron Yechiel 46,500
Groupe communautaire L’Itinéraire 5,000
Gutnick Mazal Jewish Center 5,000
Habitat for Humanity Province of Quebec 13,640
Hashomer Hatzair Young Guard 18,000
Hebrew Free Loan Association 54,630
Hellenic Community of Greater Montreal 33,590
Holocaust Education and Genocide Prevention Foundation 7,500
JEM Workshop 35,157
Jewish Community Foundation Philanthropy 11,685,258
Jewish Family Services of Vancouver 7,500
Jewish Federations of Canada-UIA 8,882,915
Jewish Foundation of Greater Toronto 16,690
Jewish Heritage Foundation of Canada 361,579
Jewish Public Library 416,130
Jewish Russian Community Centre of Montreal 34,203
Jewish Unity Partnership 15,850
Kehilla Montreal Residential Programs 374,560
La Dauphinelle 5,000
La Fondation Moisson Beauce 10,000
La Fondation Yvon Deschamps Centre-Sud 32,000
La Rue des Femmes de Montréal 5,000
L’Ancre des Jeunes 10,500
Learning Disabilities Institute 15,000
Leonardo Da Vinci Community Centre 50,000
Les Maisons Transitionnelles 03 14,600
Les amis de la montagne 6,700
L’Escale Chabad du Nord 283,563
LOVE: Leave Out Violence (Québec) 5,303
Ma deuxième maison à moi 5,000
Maccabi Canada 35,027
Machson Tzvi Hersh 20,200
MADA Community Centre 1,109,134
Maharam Tav Fund 44,250
Maison Belfield 21,900
Maison chance Canada 25,000
Maison de l’Amitié de Montréal 5,000
Marie-Vincent Foundation 41,822
MAZON Canada 31,366
Moisson Montreal Inc. 29,250
Montreal Children’s Library 5,825
Montreal Oral School for the Deaf 57,350
Municipalities 53,400
National Advertising Benevolent Society 13,000
Native Women’s Shelter of Montreal 25,632
Neighbor to Neighbor 7,500
NPower Canada 10,000
Old Brewery Mission 32,127
COMMUNITY &SOCIAL SERVICES
10
GENEROSITY ANNUAL REPORT 2020
P.K. Subban Foundation 17,500
Peace Network for Social Harmony 21,800
Pleins Rayons 10,000
Project Genesis 34,675
Projets autochtones du Québec 10,000
Raoul Wallenberg Centre for Human Rights 52,640
Rav Chesed 9,800
Salvation Army 6,160
Santropol on Wheels 11,150
Share the Warmth Foundation 10,600
SPCA 7,490
Suicide Action Montreal Inc 9,200
Sun Youth Organization 71,445
Sylvan Adams YM-YWHA 321,224
Tomchei Shabbos of Montreal 75,263
Tyndale St-George’s Community Centre 55,189
United Jewish Appeal of Greater Toronto 31,250
Welcome Hall Mission 18,445
Weredale Foundation 25,000
Yaldei Aharon 50,000
YM-YWHA Foundation 96,933
Zichron Chaim Charity 1,023,717
Akiva School Foundation 57,400
Azrieli Schools Talmud Torah/Herzliah 749,443
Beth Jacob School 179,680
Beth Rivkah Academy for Girls 44,485
Bnei Chesed Foundation 49,000
Bnos Bais Yaakov High School 8,500
Brain Canada Foundation 12,900
Bronfman Jewish Education Centre 31,602
Building a Jewish Tomorrow 10,877
Canadian Institute for Advanced Research 5,000
Canadian Institute for Jewish Research 54,823
Centennial Foundation 9,500
Chibas Jerusalem - Reb Mayer Baal Hanes 8,600
Concordia University 430,799
Conestoga College 75,000
Dalhousie Medical Research Foundation 75,000
Drug Free Kids Canada 5,000
Eastern Townships School Board 12,000
École Études Talmudiques Beth Yosef Meir 10,000
École Maïmonide 25,395
École Premiere Mesifta du Canada 12,000
EDU 2 19,509
Eitz Chaim Schools 10,000
English Montreal School Board (EMSB) 5,200
Fondation Canadienne de l’INSEAD 52,607
Fondation Académie des Sacrés-Coeurs 10,000
Fondation Collège Saint-Hilaire 10,000
Fondation College St-Alexandre 5,000
Fondation Collège-André-Grasset 100,000
Fondation de l’Academie Antoine-Manseau 5,000
Fondation de l’athlète d’excellence du Québec 6,750
Fondation du Collège Notre-Dame À Montréal 5,000
Fonds de développement du Collège Jean-De-Brébeuf 39,900
Foreign approved Universities 866,615
Foundation of United Talmud Torahs of Montreal 15,600
Free Hebrew for Juniors 16,816
Gesher Abraham/The Toronto Heschel School 5,000
Giant Steps Foundation - Montreal 8,450
Governors of St. Francis Xavier University 100,000
Hatzolas Yisroel D’Arizal 1,234,324
Hebrew Academy 89,050
Hebrew Academy Foundation Inc. 64,572
HEC Montréal Foundation 188,254
Jewish Community Foundation Philanthropy 851,463
JPPS-Bialik 36,771
JPPS-Bialik Foundation 54,966
La Fondation de l’Université de Laval - FRE de ela Faculté de pharmacie 50,000
La Fondation de L’Université de Sherbrooke 6,000
Leo Baeck Day School 47,750
Limmud Centre 10,000
Lower Canada College 51,750
Loyola High School Foundation 10,000
Memri Canada 10,960
Miss Edgar’s & Miss Cramp’s School 73,346
Mizrachi Organization of Canada 671,324
Montreal Economic Institute 7,000
EDUCATION
$32,603,605 TOTAL
11
KINDNESS
12
Netivot HaTorah Day School 10,000
New Frontiers School Board 5,000
Orchestre Symphonique des Jeunes de Joliette 5,000
Pathways to Education Canada 6,000
Queen’s University at Kingston 12,000
Rabbinical College of Quebec Tomchei Tmimim Bnei Menachem 30,240
Robbins Hebrew Academy 56,000
Royal Institution for the Advancement of Learning McGill University 5,414,753
Scholarships 389,416
Selwyn House Association 103,800
Solomon Schechter Academy 16,080
St. Andrew’s Foundation 50,000
St. George’s School of Montreal 50,693
St. Thomas University 25,000
Summit School 5,000
The Priory School Foundation 5,000
The Solomon Schechter Academy Children’s Foundation 11,102
The Study School Foundation 40,500
The Veritas Fund 5,550
Thomas More Institute 56,000
Tiferes Bais Yaakov 8,000
Toujours ensemble 5,025
Université de Moncton 40,000
Université de Montréal 184,850
University of British Columbia 21,000
University of Western Ontario 11,610
West Island College Foundation 12,150
Federation CJA 15,128,557
GenJ Education 2,289,780
Passport to Jewish Life 1,289,341
Alpine Canada 66,250
Alzheimer Groupe Inc. 91,591
Alzheimer Society of Montreal 8,250
AMI - Quebec Action on Mental Illness 12,369
Association de Parents pour la santé mentale de Saint-Laurent-Bordeaux-Cartierville 5,000
Bikur Cholim Ladies Association 30,210
Bladder Cancer Canada 5,096
Butters Foundation 10,000
Canadian Cancer Society 13,598
Cancer Research Society Inc. (Montreal) 14,705
Centre de répit Philou 13,700
Centre l’Elan 5,000
Centre multi-fonctionnel pour les personnes handicapées 58,000
Chabad Lifeline 138,070
Crohn’s and Colitis Foundation of Canada 19,318
D&W Division-Hatzoloh Volunteer EMS 12,010
David McAntony Gibson Foundation 10,000
Défi Corporatif Canderel 72,130
Doctors of the World 40,000
Donald Berman Chai Lifeline Canada 93,051
Donald Berman Yaldei Developmental Centre 440,874
Douglas Mental Health University Institute Foundation 56,700
Dunham House 48,000
Ezras Cholim 90,230
Fondation du Centre hospitalier de l’Université de Montréal (CHUM) 201,254
Fondation Laurent Duvernay-Tardif 70,500
Fondation médicale des Laurentides et des Pays-d’en-haut 20,000
Fondation Santa Cabrini 7,088
Fondation Santé Sud de Lanaudière 10,000
Foundation on the Tip of the Toes 10,000
Go Le Grand défi Pierre Lavoie 5,500
Habilitas Foundation 27,516
Hatzoloh Rescue Squad of Montreal 6,880
Heart & Stroke Foundation of Quebec 11,726
Hereditary Breast & Ovarian Cancer Foundation 9,636
Hospice Palliative Care of Greater Moncton Inc. 40,000
I Challenge Diabetes 10,000
Institut CBM 16,620
Jewish Community Foundation Philanthropy 476,360
Jewish Hospital of Hope Eldercare Foundation 95,897
HEALTH & WELLNESS
FEDERATION CJA
$18,707,678 TOTAL
$13,185,750 TOTAL
EDUCATION
KINDNESS
ANNUAL REPORT 2020 13
The Foundation for Gene and Cell Therapy 25,000
The Foundation For The Creation Of The Hellenic Chronic Care Hospital 11,000
The Montreal Children’s Hospital Foundation 486,150
Thoracic Surgery Research Foundation of Montreal 7,500
Urban Pardes 23,773
VGH and UBC Hospital Foundation 25,500
West Island Palliative Care Residence 9,150
INTERNATIONAL AID
Jewish Rehabilitation Hospital Foundation 17,560
Just for Kids Foundation 37,628
Juvenile Diabetes Research Foundation Canada 246,493
Lakeshore General Hospital Foundation 61,300
Leucan 8,700
Leukemia & Lymphoma Society of Canada 33,541
Loeys-Dietz Syndrome Foundation Canada 15,000
Lubov SSMI Foundation Inc. 100,000
Maimonides Hospital Foundation 103,064
Maison Shalom 69,014
Maisonneuve-Rosemont Hospital Foundation 219,560
Make-A-Wish Quebec 15,650
McGill University Health Centre Foundation 343,405
Mira Foundation 14,700
Miriam Foundation 185,418
Montreal Chinese Hospital Foundation 5,200
Montreal Fluency Centre 132,500
Montreal General Hospital Foundation 1,114,430
Montreal Heart Institute Foundation 237,556
Mount Sinai Hospital Foundation 123,059
Muscular Dystrophy Canada 41,325
Nellie Philanthropy Foundation 48,967
Nicklaus Children’s Health Care Foundation of Canada 26,100
Nova Montreal 113,600
Ottawa Hospital Foundation 10,000
Pancreatic Cancer Canada Foundation 7,000
Peri Operative Programme 22,000
Portage Foundation 5,680
Princess Margaret Hospital Foundation 18,461
Regroupement pour la Trisomie 21 25,000
Rofeh Cholim Cancer Society 10,000
Sacre Coeur Hospital Foundation 27,486
Saint Raphael’s Palliative Care Residence 109,680
Sainte Justine UHC Foundation 398,415
Shriners Hospitals for Children 27,250
Sick Kids Foundation 107,500
Sir Mortimer B. Davis Jewish General Hospital 6,916,868
St. Mary’s Hospital Foundation 255,564
St. Michael’s Hospital Foundation 5,000
Starlight Children’s Foundation Canada 34,862
The Cedars Cancer Foundation at the McGill University Health Centre 159,730
The Children’s Wish Foundation of Canada 8,336
$14,423,804TOTAL
Aid to Disabled Veterans of Israel Beit Halochem 87,610
Can Serve Foundation 10,700
Canadian Anesthesiologists’ Society International Education Foundation 6,250
Canadian Associates of Ben Gurion University of the Negev 10,545,354
Canadian Friends of Jewish Community of Greater Stowe (JCOGS) 10,033
Canadian Friends of Kneset Bnei Hagola 38,406
Canadian Friends of Laniado Hospital, Ontario Region 67,180
Canadian Friends of Lelov Yeshivah ELOV YESHIVAH 14,500
Canadian Friends of Mishon La’Choleh 105,000
Canadian Friends of Ner Israel Rabbinical College 7,078
Canadian Friends of Sanz Institutions 100,000
Canadian Friends of Shalva Israel Association 7,595
Canadian Friends of Shalvat Haim 7,500
Canadian Friends of Tel Aviv University 5,555,329
Canadian Friends of the Hebrew University of Jerusalem 158,021
Canadian Friends of the Israel Guide Dog Center 30,974
Canadian Friends of the Israel Museum 15,100
Canadian Friends of the Jaffa Institute 15,118
Canadian Friends of the Shalom Hartman Institute 12,000
Canadian Friends of the Stowe Land Trust 24,300
Canadian Friends of Yad Eliezer 27,431
Canadian Friends of Yeshiva University 6,800
Canadian Friends of Yeshiva Yachel Israel 20,600
Canadian Friends of Yeshivat Wiznitz of Bnei Braq 5,200
Canadian Hadassah - WIZO 82,466
Canadian Magen David Adom for Israel 366,681
Canadian Red Cross 17,475
Canadian Shaare Zedek Hospital Foundation 18,720
Canadian Society for the Weizmann Institute of Science 284,653
Canadian Society for Yad Vashem 12,500
Canadian Zionist Cultural Association 101,494
Charlie’s Tennis Foundation 32,100
Chasdei Levy Yitzcok 133,542
Friends of Simon Wiesenthal Center for Holocaust Studies 29,008
Healthy Mothers of the World 19,000
Humanitarian Coalition 5,000
International Institute of Integral Human Sciences 5,000
Israel Cancer Research Fund 197,652
Israeli Victims of War Association 35,730
Jewish Heritage Foundation International 5,000
Jewish National Fund of Canada 720,241
Leket Canada 12,727
Migdal Ohr The Tower of Light Children’s Foundation 177,168
Moniteur UN Watch Canada 9,700
Na’amat Canada 6,188
New Israel Fund of Canada 16,250
One Drop Foundation 10,001
Operation Smile Canada Foundation 5,000
ORT Canada 386,686
Oxfam Canada 100,000
P.O.M United 5,000
Plan International Canada 10,704
Rose Charities Canada 18,750
Save the Children Canada 101,325
SOS Children’s Villages Canada 12,000
Technion Canada 13,493
Tikva Children’s Foundation 15,000
UNICEF Canada 10,845
Ve’Ahavta Canadian Jewish Humanitarian & Relief Committee 40,000
WE Charity 5,100
RELIGIOUS INSTITUTIONS
Adas Israel Congregation of Hamilton 6,000
Adath Israel Poale Zedek Anshei Ozeroff Congregation 91,557
Agudath Israel of Montreal 45,506
Association Merkaz Hachinuch 96,780
Avreichim Torah Institute 60,506
Belz Community Center 11,280
Belz Congregation 107,411
Beth Avraham Yoseph of Toronto Congregation 17,311
Beth Hamedrash L’horaah 10,962
Beth Israel Beth Aaron Congregation 66,193
Beth Jacob Seminary 78,124
Beth Ora Congregation 32,591
Beth Zion Congregation 67,246
B’nai Levy Foundation 9,000
B’Yachad Canada 6,800
Caisse Beth Yossef 31,136
Canadian Foundation for the Education and Welfare of the Jews of the CIS 10,000
Centre Beth Hamidrash 6,517
Centre d’études talmudique de Côte-St-Luc 24,060
Chabad East Van - Centre for Jewish Life 66,400
Chabad of Centrepoint 10,000
Chabad Zichron Kedoshim 27,890
Chaya Mushka Seminary 177,700
Cheder Hasepharadi 8,000
Communauté Sépharade de Cote St. Luc Beth Rambam 24,800
Communauté Sépharade de Ville St. Laurent 19,359
Communauté Sépharade Hékhal Shalom 34,300
Communauté Zerah Yakov 20,620
Congregation Beth El 105,680
Congregation Beth Tikvah Ahavat Shalom Nusach Hoari 96,192
Congregation Chevra Kadisha B’nai Jacob Beit Hazikaron Beth Hillel 177,202
Congregation Dorshei Emet 83,141
Congregation Gruen Ohr Somayach 23,934
Congregation Imray Chaim 6,318
Congregation Kahal Yereim 6,780
Congrégation Sépharade de Hampstead Nahar Chalom 157,890 $19,900,278 TOTAL
INTERNATIONAL AID
14
ANNUAL REPORT 2020
Congrégation Sépharade Or Hahayim 13,647
Congregation Shaar Hashomayim 587,463
Congregation Shomrim Laboker 57,456
Congrégation Skver 29,910
Congregation Tifereth Beth David Jerusalem 239,530
Congregation Toldos Yakov Yosef 97,256
École Beth Tziporah 10,000
Ezras Achim Congregation of Brotherly Help 6,930
Ezrath Torah Fund 26,720
First Mesifta of Canada 43,732
Fondation des Instituts Juifs Orthodoxes 23,686
Friends of Reconstructionist Judaism 49,507
Gimilis Chesed Keren Chava B’nai Levi Association 40,000
Holy Blossom Temple Foundation 8,780
House of Israel Congregation of Ste. Agathe 25,976
Jewish Community of the Lower Laurentides 54,380
Jewish Education Program 7,000
Jewish Experience 11,600
Kolel of Congregation Chaside Belz Umachzike Hadasz 7,400
Kollel Avrechim Fondation Sepharade 48,620
Kollel Keser Torah 81,288
Kollel Menachem 6,070
Kollel Torah Mitzion 88,610
Kollel Yisroel David 51,160
Maison Israelite Communautaire des Eaux Vivantes 29,426
Menucha Vesimcha 112,696
Mesivta Kerem Menachem School 24,090
Mesivta Lubavitch Toronto 5,000
Mifalei Chaim Bechesed 215,550
Mile-End Chavurah 11,630
Mission of the Great Sheperd 10,000
Montreal Torah Center - Bais Menachem Chabad Lubavitch 235,470
Nachlas Education Centre 23,490
Ne’eman Foundation 127,109
Or Shalom 16,028
Ozer Israel 8,700
Rabbinical College of Canada 66,882
$5,740,222 TOTAL
Refuah V’Chesed 46,754
Saint Patrick’s Basilica 7,500
Shaare Zedek Congregation 229,021
Shaare Zion Congregation 143,056
Spanish & Portuguese Synagogue 62,704
St. John’s Lutheran Church 5,000
Synagogue Etz Haim-Hi Lamachzikim Bah-Or Menachem 23,459
Tashbar Institution 8,120
Tefiloh LeMoishe Congregation 19,100
Temple Emanu-el Beth Sholom 181,925
The Chassidus Learning Centre of Thornhill 8,150
The Church of St. Andrew and St. Paul 5,000
The Fabrique of the Parish of Ascension of Our Lord 89,799
The Sign of the Theotokos Orthodox Church 35,000
Tikvah L’Chaim 100,000
True North Insight Meditation Centre 5,000
Viznitz Institution 11,600
Yam Hatalmud Foundation 19,400
Yavné Académie Yéchiva 28,780
Yeshiva Gedola L’école d’études supérieures de Montreal 201,704
Yeshivas Oholei Menachem Mendel, Lubavitch 6,500
Yeshivat Yesodei Hatora 7,972
Yismah Moshe Hevraj Pinto Charitable Society of Ontario 146,700
Zichron Moshe Synagogue 20,000
15
20 M
40 M
60 M
80 M
100 M
120 M
140 M
2014
35,307,955 34,176,313 40,864,831 107,574,610 130,293,731 113,981,96858,130,849
2015 2016 2017 2018 2019 2020
DOLLARSGRANTED
The JCF has grown significantly in assets under management but we believe the best performance indicator is the amount of money we grant to the charitable sector. For the year ending March 31, 2020, we granted almost $114 million to charities and to charitable programs that support education, healthcare, poverty relief, social service as well as arts and culture.
Promoting philanthropic giving is our main priority. We reach out to families across Montreal and show them how philanthropic giving can be easy, tax-effective and part of their financial planning. Our goal is to reach more families, and help them structure their giving in such a way that everything is centralized in one place. Last year we reached a new record of 2,465 fundholders, an increase of 192 over the previous year.
PHILANTHROPICDEVELOPMENT
16
500
200
1000
400
1500
600
2000
800
2500
1000
3000
1200
1,733
583
1,517
643
1,855
686
2,181
1,000
2,273
1,000 1,100
2,4652,014
860
NUMBEROF FUNDS
NUMBEROFGRANTEES
Promoting philanthropic giving is our main priority. We reach out to families across Montreal and show them how philanthropic giving can be easy, tax-effective and part of their financial planning. Our goal is to reach more families, and help them structure their giving in such a way that everything is centralized in one place. Last year we reached a new record of 2,465 fundholders, an increase of 192 over the previous year.
The JCF prides itself in supporting the charitable sector at large. One of the performance measures we look at are the number of Registered Canadian Charities receiving grants from the JCF, as well as the number of charitable programs the JCF runs directly. Consistently from year-to-year our reach has grown and now stands at over 1,100 grant recipients.
ANNUAL REPORT 2020
2014 2015 2016 2017 2018 2019 2020
2014 2015 2016 2017 2018 2019 2020
17
BA
LA
NC
E S
HE
ET
Cash and cash equivalents
Loans receivable
Other assets
Investments
Investments in privateCanadian companies
Restricted
Unrestricted
Trust funds payable
34,625,422
11,139,412
7,599,332
1,344,088,780
28,204,871
1,282,508,639
40,742,466
2020 2019
20,878,132
27,869,082
6,721,708
1,387,158,887
21,688,761
1,319,599,213
41,636,630
103,080,727
ASSETS
NET ASSETS
LIABILITIES
$1,425,657,817
$1,425,657,817
$1,323,251,105
$1,464,316,570
$1,464,316,570
$1,361,235,843
$103,080,727
102,406,712
$102,406,712
FINANCIALSUMMARY
18
ANNUAL REPORT 2020 19
STA
TE
ME
NT
OF
OPE
RA
TIO
NS
AN
D C
HA
NG
ES
IN N
ET
ASS
ET
S
Contributions
Administration fees
Investment income (loss)
Trust fund contributions
Grants and charitable programs
Administration fees
Financial service fees
Operating expenses
Trust fund distributions
Excess (deficiency) of contributions and revenues over distributions and expenses before undernoted item
Write-down of loan receivableto nominal value
Excess (deficiency) of contributions and revenues over distributions and expenses
Total net assets, beginning of year
Total net assets, end of year
120,254,833
2,651,162
(17,833,615)
105,072,380
13,758,072
113,981,968
2,651,162
3,855,732
1,951,843
122,440,705
9,523,500
2020 2019
68,129,104
2,601,645
71,232,416
141,963,165
11,588,303
130,293,731
2,601,645
2,194,565
2,000,250
137,090,191
8,642,620
CONTRIBUTIONSAND REVENUES
DISTRIBUTIONSAND EXPENSES
$118,830,452
$131,964,205
$153,551,468
$145,732,811
(13,133,753)
(25,525,000)
(38,658,753)
7,818,657
7,818,657
$1,425,657,817
1,464,316,570
$1,464,316,570
1,456,497,913
For the year ended March 31, 2020, the Jewish Community Foundation of Montreal’s pooled fund had a return of -2.2%. The average annualized return for the past ten years has been 6.3%.
For most of 2019, the global economy performed well even amid trade tensions between the US and China. Both countries agreed to a trade deal, which brought some stability. This economic stability came to a halt in early 2020, as coronavirus cases spread quickly around the world. By early March, COVID-19 was declared a global pandemic by the World Health Organization. Global economic activity soon grounded to a halt as businesses closed, global supply chains were disrupted and consumer spending was curtailed. In response, financial markets responded with huge drops in equities, a rise in credit spreads and a flight to the safety of government bonds.
From a capital markets perspective, Canadian equities were significantly negatively affected by the pandemic, losing 20.9% in Q1 of 2020. Overall, the S&P/TSX Composite Index returned -14.2% for the JCF’s fiscal year. The decline was driven in large part by the weakness within the Energy and Financials sectors. The economic impact of COVID-19, coupled with a price war between Saudi Arabia and Russia, sent crude oil prices plummeting by 67%.
On a global basis, it was much of the same as the impact from COVID-19 was felt across the world. The decline during Q1 2020 was consistent with that seen during past average recessions. The MSCI World (Net) Index posted a -4.5% return in Canadian dollars during the fiscal year, led by the US market, while Emerging markets returned -12.3% for the same period.
Equities in developed markets recovered a portion of their losses in the last few days of March. However, by quarter-end, most markets were still down sharply from their February highs. The Canadian bond market posted positive gains for the year, with the FTSE Canada Universe Bond Index returning 4.5%. The rapid spread
of COVID-19 prompted a rally in developed government bonds in CY Q1 2020. However, credit suffered as credit spreads widened.
Private market investments saw mixed performance during the year, with large amounts of capital put to work by global investors. In 2019, private equity saw a record year for fundraising, backed by some megadeals in the US. Investment activity in this asset class was subdued in early 2020 due to COVID-19, with declining valuations across different sectors and regions. Infrastructure and Real Estate markets’ fundraising momentum continued, with Q4 2019 being the strongest quarter of the year. In Real Estate, distressed buying opportunities have arisen in Europe, while vacancy rates remain low in North America, however the impact of COVID-19 is not yet fully reflected on asset valuations. Private debt fundraising declined sharply in 2019 and 2020 given the potential for increasing payment defaults with lower recovery rates. The majority of capital raised in Natural Resources was in energy, since US oil production was at an all-time high in 2019. However, in early 2020 prices were affected by declining demand and the Saudi Arabia/Russia dispute.
For the fiscal year, the JCF private equity portfolio returned 7.2% (USD), global real estate -0.5% (USD) and timber, agriculture, infrastructure and natural Resources -9.8% (USD). The heavy exposure to natural resources in the latter category drove the negative performance.
Hedge funds were up 2.9% for the fiscal year (USD) providing very good diversifying performance compared to equity markets This performance is not necessarily surprising given the portfolio’s risk-reducing mandate and the volatile nature of market returns, more specifically at the start of 2020.
INVESTMENTREPORT
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
8.4% -3.2%-0.1% 9.2%8.5% 7.8%11.8% 3.9%9.0% -2.2%
PERFORMANCE
20
CURRENCY AND CURRENCY HEDGING
ASSETALLOCATIONThe JCF has a long-term outlook and its investment policies seek to generate average returns that will support the programs funded by our donors. The investment policies and philosophy are set by the Investment Committee – primarily to invest for the long-term, to use a multi-manager approach, to diversify the portfolio by investing in an array of asset classes, and to have an allocation to hedged investment strategies with the goal of smoothing the Fund’s return volatility over time. The policy targets and actual exposures as of March 31, 2020 were:
MinimumAllocation
MaximumAllocation
TargetAllocation
Allocation 3/31/2020
Canadian Equity 5.0% 4.1%
Global Equity 30.0% 41.2%
Private Capital 15.0% 9.4%
Total Equity 42.0% 58.0% 50.0% 54.7%
Hedge Fund Strategies 15.0% 16.0%
Total Hedge Fund Strategies 11.0% 19.0% 15.0% 16.0%
Timber / Agriculture / Instructure / Natural Resources 8.75% 6.4%
Real Estate 8.75% 2.3%
Total Real Assets 11.5% 23.5% 17.5% 8.7%
Cash 0.0% 0.6%
Canadian Fixed Income 12.5% 16.8%
Private Debt 5.0% 3.2%
Total Fixed Income 11.5% 23.5% 17.5% 20.6%
Asset Class Total 100.0% 100.0%
The Fund uses a currency hedging policy approved by the Investment Committee with the aim of mainly reducing negative effects of currency fluctuations while attempting to benefit from positive fluctuations. The hedging of USD exposure will be adjusted quarterly in light of the perceived value of the USD/CAD exchange rates vs the purchasing power parity published by the OECD.
Over the fiscal year, CAD depreciated -6.2% (the worst quarter being CY Q120) against USD. The Canadian dollar decline was driven by a combination of USD strength and declining oil prices during a major part of the year. As the pandemic hit, the USD strengthened as investors shifted heavily into USD for security and stability. In an environment where CAD depreciates, static currency hedges would subtract from the portfolio’s returns. JCF’s flexible currency hedging policy resulted in a positive outcome. The unhedged return would have been -2.6% while the actual portfolio return was -2.2%.
ANNUAL REPORT 2020 21
‘‘
‘‘
2019
PERSON OFTHE YEAR: HARVEY LEVENSON
RECENT PAST RECIPIENTS
Harvey Levenson, 2019 recipient of the Jewish Community Foundation’s Person of the Year Award, is a committed and active philanthropist who has dedicated his life to bettering our community. His volunteering started early back in the 1960s when he was at McGill and served as Chair of the University’s Red Feather Campaign, now known as Centraide, of which he remains an active supporter to this day. Harvey soon turned his attention to our community and in the mid-70s and 80s was involved with Young Leadership positions in Combined Jewish Appeal, becoming General Campaign Chairman in 1994. Harvey served as President of The Jewish Community Foundation from 1996-1998 where one of the important highlights of his tenure was to increase the assets of this foundation in that period of time substantially. Since 2006, Harvey has been deeply involved with the Jewish General Hospital. He was elected to the Foundation Board of Directors in 2010, co-chaired The Weekend to End Women’s Cancers in 2008, and for the past ten years has co-chaired the Power to Heal Campaign, the most ambitious campaign in the hospital’s history. These are merely some of Harvey’s many accomplishments, all this while building and sustaining Commonwealth Home Fashions, a multinational business that is a Montreal and Canadian success story. Harvey personifies what is best about our community. We are grateful that he is always ready to step up to the plate, lend a hand without fanfare, and lead by example.
My wife and I hope we have inspired our children, grandchildren, associates and friends to do deeds of loving kindness.
Senator Yoine Goldstein z”l
Arnold Steinberg z”l
Sylvan Adams
JoelKing
Stephen Gross
2014 2015 2016 2017 2018
22
ANNUAL REPORT 2020
‘‘
‘‘
With more than 30 years of experience, I guide my clients in their personal and business projects by offering consulting services in estate planning, corporate reorganization, tax optimization and business succession.
Building on the expertise, the creativity and the innovative solutions of the Jewish Community Foundation of Montreal, I have had the opportunity over the past fifteen years to help my clients achieve their philanthropic goals. As part of these efforts, I have been able to count on the support of the professionals at the Jewish Community Foundation of Montreal to help my clients achieve their goals while optimizing their tax situation.
Over the past year, we have worked in close collaboration with the Foundation’s professionals and we have adopted a private company stock donation strategy that has been very effective and highly appreciated by my entrepreneurial clients.
I would like to take this opportunity to express my deep admiration for the Foundation’s mission of solidarity with our brothers and sisters and with the Montreal community in general. This solidarity has recently resulted in the launch of many generous programs in response to the urgent needs created by the COVID-19 pandemic.
Yossi Joseph Suissa, CPA, CA, LL. M.Fisc
Associate - Tax partnerPSB BOISJOLI
EXPERIENCE
23
The Jewish Community Foundation has collaborated with the Harold Grinspoon Foundation to bring the LIFE & LEGACY® program to Montreal. The program assists Jewish communities across North America to promote after-lifetime giving to build endowments that will provide financial stability to local Jewish day schools, synagogues, social service organizations and other Jewish entities. In less than eight years, LIFE & LEGACY® has motivated more than 17,000 donors in 63 communities across North America, including in Montreal, to commit more than $1 Billion (USD) in current and after-lifetime assets to the Jewish organizations that shaped their lives. In Montreal, nearly one year into the program we have made good progress. The 14 participating organizations listed below have been working tirelessly to learn best practices, reach out to prospective legacy donors and help secure the future of their organizations. Reach out directly to your organization to discuss your legacy gift today and help assure Jewish tomorrows.
Estimated Future Gifts
$9.7million
107
14 $275,000
Estimated Future Gifts
Participating Organizations
Participating Organizations
Signed Lettersof Intent
Communities
Placed inEndowments
Placed inEndowments
$1billion
63
680 $100million
More than
MONTREAL PROGRESS
GLOBAL PROGRESS
*Figures as of June 20, 2020
24
‘‘
‘‘
‘‘
‘‘
The moment the Life and Legacy Project was announced I was all in. Finally a great opportunity to allow Shaare Zedek Congregation to continue being the warm, inviting Shul it has been for the past 70 years. The Life and Legacy Project encourages people to leave a legacy to the organization that has nourished them through good times and sad times.
Thank you to the Jewish Community Foundation for their foresight in bringing this project to Montreal.
I have been fortunate to be a proud member of the Talmud Torah | Herzliah family for over four decades. This community nurtured me as a student, welcomed me as a parent and inspired me as an adult. Connection to this community was the impetus for me to take on leadership roles in Jewish education. It was this model that my three children were part of and it is this model that they emulate to this day. From alumnus, to Mom, from committee member to President, each step of the journey solidified my love of and commitment to the Talmud Torah | Herzliah family. I made a LIFE & LEGACY promise to my beloved school to ensure that my grandchildren and great grand children will benefit from the same education, love of Judaism and commitment to the Montreal Jewish Community that I and my children received. I have always believed that Jewish education is the strongest determining factor in ensuring Jewish identity, Jewish communal engagement and Jewish philanthropy among Jewish teens and young adults.
Monica Mendel BensoussanDirectrice de développement | Director of Development
Les écoles Azrieli Talmud Torah | HerzliahCampus Sylvan Adams
Nancy CooperbergImmediate Past President,
Shaare Zedek Congregation
ANNUAL REPORT 2020 25
NOVAGRANTS
AB
OU
T T
HE
PR
OG
RA
M
• Supporting the Vulnerable• Jewish Identity & Culture• Institutional Strengthening
Thanks to the generous support of donors, the JCF has a special envelope available to award annual grants for innovative programs which will have maximum impact on the local Montreal Jewish community. The JCF invites applications for a Nova Grant from any local non-profit Jewish communal organizations and institutions as well as Federation CJA (FCJA) and its affiliated organizations. Nova Grants are designated for programs that have a specific focus within the following three thematic areas:
The Jewish Community Foundation’s Nova Grants provides seed money for initiatives that can have a measurable impact on the vitality of our Jewish community. These grants are allocated to support the vulnerable, promote Jewish identity and culture and provide support for institutional strengthening. The goal is to encourage community institutions to experiment and to test new or innovative approaches to meeting critical or emerging needs.
Last year, the first round of Nova grants provided funding for 16 programs:
The second round of Nova Grants is underway with 13 new beneficiaries:
• Cummings Centre for Seniors• Agence Ometz• Sylvan Adams YM-YWHA• Aleph Canada• Chabad des Étudiants• École Maimonide
• Friendship Circle of Quebec• Jewish Public Library• Jewish Russian Community Centre• Maison Belfield• The Montreal Open Shul• Teva Québec • Yidlife Crisis
• Agence Ometz• BANAV• Chabad Centre Lifeline• Congregation Beth Tikvah • Montreal Open Shul • Montreal Shira Choir • Museum of Jewish Montreal
• Montreal Symphony Orchestra• Segal Centre for Performing Arts • Temple Emanu-El- Beth Sholom• Donald Berman Bikur Cholim
Ladies Association • Donald Berman Yaldei
Developmental Centre
• Jewish Learning Lab• Jewish Russian
Community Centre• Mile End Chavurah• Zera Café and Catering
Nova Grant Recipient - Jewish Russian Community Center
26
ANNUAL REPORT 2020
‘‘‘‘
Zera Café and Catering is a not for profit social enterprise catering service that
employs and trains young adults with developmental disabilities including autism
to work in kitchens.
Zera Café was still in the planning stages when we applied for a Nova Grant in
August 2019. It’s thanks to this grant that we were able to get started. We built
a website, tested recipes and processes, and now, we are selling ready to eat
modern Israeli meals to the public. We have hired our first two employees, work
with fantastic volunteers who serve as job coaches and kitchen helpers, and we
expect to continue to grow and hire even more employees. Zera will empower
young adults of all abilities to get out, enjoy social interactions, work hard and
learn valuable skills that are transferable to everyday life and other employment
and also gain financial independence. This is all thanks to having been given a
chance to get started from the JCF.
PASSION
27
JEWISHCOMMUNITYFOUNDATIONSCHOLARSHIPS
UNDERGRADUATESCHOLARSHIPS
Thanks to our generous fundholders, these scholarships enable students to pursue a higher education.
• Evelyn Joy Abramowicz Scholarship
• Thérèse & David Bohbot Scholarships
• Marlene Brand Memorial Scholarship
• Stephen Bronfman Scholarship
• Ruth & Victor David Undergraduate Scholarship
• Gilsig Family Undergraduate Scholarship
• Harry Hopmeyer CEGEP & Undergraduate Scholarship
• Mitchell Karper Memorial Undergraduate Montreal Scholarship
• The Najman Family Undergraduate Scholarship
• Joseph Katz Memorial Scholarship
• Yvonne & Andrew Koenig Undergraduate Scholarship
• Liela Klinger Kurztman Memorial Scholarship
• Levitt Family Foundation Scholarships
• Dr. Oskar and Sally Schickler CEGEP Scholarships
• Henriette & Marcel Korner CEGEP Scholarships
• Professor Lucjan Kops Undergraduate Scholarship
• Hadar J. Chemtob Memorial Scholarship
Pictured left to right: Robert Vineberg, Rhoda Vineberg,Phyllis Karper, Ian Karper z”l, Mitchell Kendall
GRADUATESCHOLARSHIPS
• Stephen Bronfman Scholarship
• Ruth & Victor David Graduate Scholarship
• Brenda Gewurz Scholarship
• Jenny Panitch Beckow Memorial Scholarship
• Yvonne & Andrew Koenig Scholarship
• The Najman Family Graduate Scholarship
• Professor Lucjan Kops Scholarship
• Karen E. Latt Memorial Scholarship
• Irene Brand Lieberman Scholarship
• Bassia & Sascha Marmerstein Memorial Scholarships
• Musia & Leon Schwartz Scholarship
• Dr. Steven S. Zalcman Memorial Scholarship
• Frances & Isaac Zlotowski and Krisha Zlotowska Starker Scholarship
28
2019 Scholarship Recipients
‘‘
‘‘
‘‘I am grateful for the opportunity to be surrounded by such warm and kind Jewish people who care about the future of their community.”
Lianne Robin KorenThe Brenda Gewurz Scholarship for Feminist Leadership
‘‘This award will help fund my research, while allowing me to continue to pursue my various extracurricular activities in community engagement and science education.”
Eviatar FieldsDr. Steven S. Zalcman Memorial Scholarship
ANNUAL REPORT 2020 29
IsabelleNadeau B.C.L., LL.B., LL.M.Tax, Partner Crow BGK LLP
RobertKorne B.C.L, LL.B.,Spiegel Sohmer
NancyCleman Partner, Lapointe Rosenstein Marchand Melancon L.L.P
JoshuaRubin CPA, CAPhilanthropic AdvisorJewish CommunityFoundation
DavidWilson B.C.L/LL.B., Osler
HowardBerishFCPA, FCA,Philanthropic ConsultantJewish CommunityFoundation
PROFESSIONALDEVELOPMENT SEMINAR
2019
PA
C
SP
EA
KE
RS
Our yearly seminar brings together a vast network of lawyers, accountants, notaries and financial advisors and helps them stay on top of industry trends, regulations and news. This is just one of the Jewish Community Foundation’s continued services to professional practitioners who are in the fields of tax and estate planning.
PAC CO-CHAIRS 2017-2019
Michael Frankel
Marc Brender
Anne-Marie Boucher
30
ANNUAL REPORT 2020
OFFICERS
2019
PA
C
HO
NO
UR
EE
S
As a thank you to the professionals who have helped us promote philanthropy through their line of work, we would like to recognize last year’s honorees.
Raphael Barchichat
Jonathan Bicher CPA,CA
Carin Cielo
Nathaniel Deitcher
Eva Derhy
Armand Kessous
Stuart Korne CPA, CA
Barry Rashkovan FCPA, FCA
Clark Spencer CFA
Richard Vineberg FCPA, FCA
Dov Wolman CPA, CA
Throughout the year, PAC committee members discuss how to support and encourage philanthropic conversations between advisors and their clients and to bring awareness to the benefits of making tax advantageous gifts. It is through this committee’s knowledge and expertise that the most relevant topics are identified and presented to share best practices and promote smart gift planning.
2019 PAC COMMITTEE
Pictured left to right: Anne-Marie Boucher, Richard Vineberg, Barry Rashkovan, Carin Cielo, Raphael Barchichat, Dov Wolman, Marc Brender, Michael Frankel.
Mark Brender Nancy Cleman Sharon Druker Jonathan Green Earl Kaplin
Julian Kotler Charles Leibovich David Lisbona Phillip Nadler Barbara Novek
Rhonda Rudick Brian Schneiderman Richard Wise
31
GOVERNANCE
Arthur Pascal CM, z”l
CHAIRS OF COMMITTEES
FOUNDING PRESIDENT
HONORARY PRESIDENTS
ALLOCATIONS: David Martz
AUDIT: Richard Vineberg FCPA, FCA
DATA SECURITY: Daniel Assouline
INNOVATION: Steven Sitcoff
INVESTMENT: Allan Schouela
MARKETING: Brenda Gewurz, Marian Levy
PROFESSIONAL ADVISORY (PAC):
Mark Brender, Shelley Smith CPA, CA
SCHOLARSHIPS: Allan Levitt
L. Michael Blumenstein Barry Clamen FCPA, FCA z”l Marvin Corber CM, FCPA, FCA
Brenda Gewurz Senator Yoine Goldstein z”l Stanley Hyman z”l Mildred Lande CM z”l
Harvey Levenson Boris G. Levine CM z”l Barbara L. Novek Barry Pascal
Joel Raby Robert Raich Oscar Respitz QC Gordon Schwartz z”l Joel Segal
Robert Vineberg Sheila Zittrer
32
PRESIDENT
DannyRitterCPA, CA, CFA
HenriAbitan
DavidAmiel
Daniel Assouline
Stephen Bronfman
Michael Etinson
JackHasen
Miriam Roland
Michael Rosenberg
Howard Stotland
Lindsay Hollinger
SylvieAmar
GailAdelson-Marcovitz
PhilipNadler CPA, CA
YossiSuissa CPA, CA
VICE-PRESIDENT
Francine Wiseman
TREASURER
DavidMartz
SECRETARY
Anne-Marie Boucher
IMMEDIATEPAST PRESIDENT
Barbara L. Novek
ANNUAL REPORT 2020
OFFICERS BOARD OF DIRECTORS
33
34
PROFESSIONALTEAM With a team of committed professionals, The Jewish Community
Foundation of Montreal looks forward to a bright future ahead.
DE
DIC
AT
ION
Kathy R. Assayag BA, ICD.D
Executive Director
Howard Berish FCPA, FCA
Consultant
Shirley Dayan Lassner BCOM
Marketing,Communications& Events Officer
Robert A. KleinmanFCPA, FCA
Consultant
Joshua Rubin CPA, CA
Philanthropic Advisor
Wendy GrossbaumMBA
Finance Officer
Joelle MamaneCPA, CA
Chief Financial Officer
Heidi Minkoff CPA, CA
Controller
Timur Grigorchuk IT & Scholarships Officer
Lee Omer BA, MA
Grants Officer
Joel KingBA, ICD.D
Executive Officer