The Jewish Future Promise, originally Jewish Future Pledge, is a charitable campaign modeled after The Giving Pledge, to encourage American Jews to designate at least 50% of their charitable giving to Jewish- or Israel-related causes. From its inception in May 2020 to January 2024, it attracted almost 50,000 signers.
Co-creators Michael Leven and Amy Holtz launched the pledge in May 2020, modeled after The Giving Pledge, to encourage American Jews to designate at least 50% of their charitable giving to Jewish- or Israel-related causes. [1] According to Leven and Holtz, Americans will donate $68 trillion in wealth over the next generation, 20% of which will be given by Jewish donors. The pledge's aim is for at least half of that 20%, or more than $600 billion, to go to Jewish causes, [2] [3] compared to the estimated 11% of donations that do now. [4] The Pledge partnered with the Jewish Federations of North America, Jewish National Fund, and Jewish fraternity Alpha Epsilon Pi [5] to integrate the pledge into traditional vehicles of Jewish philanthropy. [3] The Pledge partnered with Morgan Stanley to create a donor-advised fund. [5]
In 2023, the Pledge launched the Jewish Youth Pledge for people aged 13-24 to commit to being active members of the Jewish community. [6]
On February 8, 2024, the Pledge changed its named to the Jewish Future Promise. [7]
As of October 2023, more than 25,000 donors, including individuals, family foundations, and families, had pledged $2.4 billion as part of the pledge. [4] By February 2024, there were almost 50,000 signers. [7]
Notable signers of the pledge include businessman Charles Bronfman, The Home Depot founder Bernie Marcus, philanthropist Julie Platt, [1] advocate Morton Klein, [4] activist Noa Tishby, [2] comedian Modi Rosenfeld, and lawyer Alan Dershowitz. [7]
Charles Bronfman, is a Canadian-American businessman and philanthropist and is a member of the Canadian Jewish Bronfman family. With an estimated net worth of $2.5 billion in 2023, Bronfman was ranked by Forbes as the 1,217th wealthiest person in the world.
Tides Foundation is a left-leaning donor advised fund based in the United States. It was founded in San Francisco in 1976 by Drummond Pike. Tides distributes money from anonymous donors to other organizations, which are often politically progressive. An affiliated group, Tides Advocacy, is a "massive progressive incubator." Tides has received substantial funding from George Soros.
Bernard Marcus is an American billionaire businessman. He co-founded The Home Depot. He was the company's first CEO and first chairman until retiring in 2002.
George Bruce Kaiser is an American billionaire businessman. He is the chairman of BOK Financial Corporation in Tulsa, Oklahoma. As of September 2021, he is the 476th richest person in the world and was, in 2012, one of the top 50 American philanthropists.
Noa Tohar Tishby is an Israeli activist, actress, model, producer, and writer. As an actress, she appeared in a variety of American television shows and movies, including The Affair, The Island, Nip/Tuck, Big Love, NCIS, and others. She is also the co-executive producer of the HBO series, In Treatment, which is an adaptation of the Israeli series, BeTipul. Her production company, Noa's Arc, was also responsible for selling several other adaptations of Israeli programs to American networks.
In the United States, a donor-advised fund is a charitable giving vehicle administered by a public charity created to manage charitable donations on behalf of organizations, families, or individuals. To participate in a donor-advised fund, a donating individual or organization opens an account in the fund and deposits cash, securities, or other financial instruments. They surrender ownership of anything they put in the fund, but retain advisory privileges over how their account is invested, and how it distributes money to charities.
Marc Russell Benioff is an American internet entrepreneur and philanthropist. Benioff is best known as the co-founder, chairman and CEO of the software company Salesforce, as well as being the owner of Time magazine since 2018.
Charity is the voluntary provision of assistance to those in need. It serves as a humanitarian act, and is unmotivated by self-interest. Various philosophies about charity exist, with frequent associations with religion.
William Albert Ackman is an American billionaire hedge fund manager, who is the founder and chief executive officer of Pershing Square Capital Management, a hedge fund management company. His investment approach has made him an activist investor. As of June 2024, Ackman's net worth was estimated at $9.3 billion by Forbes.
Dustin Aaron Moskovitz is an American billionaire internet entrepreneur who co-founded Facebook, Inc. with Mark Zuckerberg, Eduardo Saverin, Andrew McCollum and Chris Hughes. In 2008, he left Facebook to co-found Asana with Justin Rosenstein. In March 2011, Forbes reported Moskovitz to be the youngest self-made billionaire in the world, on the basis of his then 2.34% share in Facebook. As of June 2024, his net worth is estimated at US$23 billion by the Bloomberg Billionaires Index.
National Philanthropic Trust (NPT) is an American independent public charity that provides philanthropic expertise to donors, foundations and financial institutions. NPT ranks among the largest grantmaking institutions in the United States.
The Giving Pledge is a charitable campaign, founded by Bill Gates and Warren Buffett, to encourage wealthy people to contribute a majority of their wealth to philanthropic causes. As of June 2022, the pledge has had 236 signatories from 28 countries. Most of the signatories of the pledge are billionaires, and as of 2023, their pledges are estimated at a total of US$600 billion. However, there is no enforcement mechanism, and no restrictions on the charitable causes that signatories are allowed to support.
Sandler Foundation is a charitable foundation formed in 1991 with support from Herbert Sandler and Marion Sandler, co-CEOs of Golden West Financial Corporation and World Savings Bank. In 2006, the Sandlers made a contribution of $1.3 billion to the foundation, which was the second largest American charitable contribution of 2006. Sandler Foundation is a spend-down foundation as the Sandlers have signed The Giving Pledge. The Sandlers founded the nonprofit investigative news organization ProPublica.
Philanthropy in the United States is the practice of voluntary, charitable giving by individuals, corporations and foundations to benefit important social needs. Its long history dates back to the early colonial period, when Puritans founded Harvard College and other institutions. Philanthropy has been a major source of funding for various sectors, such as religion, higher education, health care, and the arts. Philanthropy has also been influenced by different social movements, such as abolitionism, women’s rights, civil rights, and environmentalism. Some of the most prominent philanthropists in American history include George Peabody, Andrew Carnegie, John D. Rockefeller, Henry Ford, Herbert Hoover, and Bill Gates.
Founders Pledge is a London-based charitable initiative, where entrepreneurs commit to donate a portion of their personal proceeds to charity when they sell their business. Inspired by effective altruism, the mission of Founders Pledge is to "empower entrepreneurs to do immense good".
Open Philanthropy is a research and grantmaking foundation that makes grants based on the doctrine of effective altruism. It was founded as a partnership between GiveWell and Good Ventures. Its current chief executive officer is Alexander Berger, and its main funders are Cari Tuna and Dustin Moskovitz. Moskovitz says that their wealth, worth $16 billion, "belongs to the world. We intend not to have much when we die."
Charles and Lynn Schusterman Family Philanthropies is a philanthropic organization founded in 1987 in Tulsa, Oklahoma.
Julie Platt is an American banker and philanthropist. Since 2022, she has served as the chair of the Board of Trustees of the Jewish Federations of North America, the second woman to serve as the chair for the organization. The agency oversees 146 Jewish federations across the United States and Canada that distribute over $3 billion each year.