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Richmond Jewish Foundation is a charitable foundation based in Richmond, Virginia, USA. It is a non-profit organization.
The Richmond Jewish Foundation was established in 1979. Like a community foundation, it is an independent philanthropic organization working in a defined geographic area (in this case, Richmond and central Virginia), which builds up a collection of endowed funds from many donors in the community over time. The foundation also provides funding to charitable, educational, and religious causes outside of the region, including but not limited to Jewish causes. It provides services to the community and its donors, makes grants, and undertakes community leadership and partnership activities to address a wide variety of needs in its service area.
By 2006, the Richmond Jewish Foundation had over 200 subcomponents that included endowments, donor-advised funds, and life income gifts that included charitable remainder trusts. Affiliated agencies included Beth Sholom Campus and Weinstein Jewish Community Center, Jewish Community Federation of Richmond, Richmond area Jewish congregations such as Temple Beth El and Congregation Kol Emes, museums like Virginia Holocaust Museum and Congregation Beth Ahabah Museum and Archives, schools like Rudlin Torah Academy, and programs like Hillel. A broadly representative volunteer board serves to oversee the organization and to function as its ambassadors with various constituencies, including individuals, families, agencies, congregations and the general community. As a mission-focused independent charity, partnering in community, Richmond Jewish Foundation operates in a manner similar to charities such as the San Diego Jewish Community Foundation and the Jewish Community Foundation of Kansas City and Tidewater Jewish Foundation.
Richmond Jewish Foundation includes the Genesis Fund and "Create a Jewish Legacy". Among the offerings of the Foundation are field of interest funds, special purpose funds, life income plans and donor-advised funds.
Values associated with Richmond Jewish Foundation include Tzedakah , which translates as justice or charity, and Tikkun Olam or repair of the world.
Richmond is a pilot community for United Jewish Communities Create a Jewish Legacy program that encourages bequests for permanent endowments. A feature of this program is the training of representatives of affiliated agencies, congregations, museums and schools to ask their most loyal supporters to commit to gifts through wills or estate plans especially for permanent endowments. Other features of Create a Jewish Legacy include marketing and donor recognition. This program, modelled on success in communities like San Diego, may be compared to the Leave a Legacy program of the National Committee on Planned Giving.
Richmond Jewish Foundation, with the Richmond-based law firm Hirschler Fleischer, offers an annual continuing education seminar for lawyers, accountants, financial planners, insurance providers, fiduciaries and other interested professionals. The late Edward S. Hirschler, an early president of Richmond Jewish Foundation, also co-founded the Hirschler Fleischer law firm. After the attorney's death, the partners of the firm established a fund at Richmond Jewish Foundation to provide annually for this seminar.
A variety of professionals, business leaders, community volunteers and others steward Richmond Jewish Foundation as members of the Board of Directors. Some such leaders have been prominent. Circuit City founder Samuel Wurtzel was among the early the organizers of Richmond Jewish Foundation. Other prominent Virginians associated with the organization include Jeffrey M. Lacker, Richmond Federal Reserve and the late US Congressman Norman Sisisky and his wife.[ citation needed ]
A charitable trust is an irrevocable trust established for charitable purposes. In some jurisdictions, it is a more specific term than "charitable organization". A charitable trust enjoys varying degrees of tax benefits in most countries and also generates goodwill. Some important terminology in charitable trusts includes the term "corpus", referring to the assets with which the trust is funded, and the term "donor," which is the person donating assets to a charity.
Tides Foundation is an American public charity and fiscal sponsor working to advance progressive causes and policy initiatives in areas such as the environment, health care, labor issues, immigrant rights, LGBTQ+ rights, women's rights and human rights. It was founded in San Francisco in 1976. Through donor advised funds, Tides distributes money from anonymous donors to other organizations, which are often politically progressive. It manages two centers in San Francisco and New York that offer collaborative spaces for social ventures and other nonprofits.
Fundraising or fund-raising is the process of seeking and gathering voluntary financial contributions by engaging individuals, businesses, charitable foundations, or governmental agencies. Although fundraising typically refers to efforts to gather money for non-profit organizations, it is sometimes used to refer to the identification and solicitation of investors or other sources of capital for for-profit enterprises.
A charitable organization or charity is an organization whose primary objectives are philanthropy and social well-being.
A financial endowment is a legal structure for managing, and in many cases indefinitely perpetuating, a pool of financial, real estate, or other investments for a specific purpose according to the will of its founders and donors. Endowments are often structured so that the inflation-adjusted principal or "corpus" value is kept intact, while a portion of the fund can be spent each year, utilizing a prudent spending policy.
A grant is a fund given by a person or organisation, often a public body, charitable foundation, a specialised grant-making institution, or in some cases a business with a corporate social responsibility mission, to an individual or another entity, usually, a non-profit organisation, sometimes a business or a local government body, for a specific purpose linked to public benefit. Unlike loans, grants are not intended to be paid back. Examples include student grants, research grants, the Sovereign Grant paid by the UK Treasury to the monarch, and some European Regional Development Fund payments in the European Union.
The Foundation for New Era Philanthropy was a Ponzi scheme that operated from 1989 until its collapse in 1995 after having raised over $500 million from 1100 donors and embezzling $135 million of this. Most of the money was stolen from Christian religious organizations and charities in the Philadelphia, Pennsylvania area. The scheme was publicly discovered by Albert Meyer, an accounting teacher at Spring Arbor College and the auditing firm Coopers & Lybrand working with its client, a local religious college in Los Angeles who suffered no loss in its participation.
Lilly Endowment Inc., headquartered in Indianapolis, Indiana, is one of the world's largest private philanthropic foundations and among the largest endowments in the United States. It was founded in 1937 by Josiah K. Lilly Sr. and his sons, Eli Jr. and Josiah Jr. (Joe), with an initial gift of Eli Lilly and Company stock valued at $280,000 USD. As of 2020, its total assets were worth $21 billion.
The Jewish Federation (JFED) is a secular Jewish non-profit organization found within many metropolitan areas across the United States with a significant Jewish community. They provide supportive and human services, philanthropy, financial grants to refugees around the world, humanitarian and disaster relief, host leadership conferences and fellowship opporunites for women and youth, charitable drives, help those in need navigate comprehensive resources, and provide outreach to at-risk Jewish populations in 70 countries worldwide, and more. While the Jewish Federation was created to primarily to service Jewish communities, they also provide for other communities. All federations in North America operate an annual central campaign, then allocate the proceeds to affiliated local agencies. There are currently 146 Jewish Federations, the national umbrella organization for the federations is the Jewish Federations of North America, in the United States.
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.
Community foundations (CFs) are instruments of civil society designed to pool donations into a coordinated investment and grant making facility dedicated primarily to the social improvement of a given place. Community foundations are a global phenomenon with 1700 existing around the world, of which over 700 are in the United States. Private foundations are typically endowed by an individual or a single family.
Arts administration is a field in the arts sector that facilitates programming within cultural organizations. Arts administrators are responsible for facilitating the day-to-day operations of the organization as well as the long term goals by and fulfilling its vision, mission and mandate. Arts management became present in the arts and culture sector in the 1960s. Organizations include professional non-profit entities. For examples theaters, museums, symphony orchestras, concert bands, jazz organizations, opera houses, ballet companies and many smaller professional and non-professional for-profit arts-related organizations. The duties of an arts administrator can include staff management, marketing, budget management, public relations, fundraising, program development evaluation, community engagement, strategic planning, and board relations.
A foundation in the United States is a type of charitable organization. However, the Internal Revenue Code distinguishes between private foundations and public charities. Private foundations have more restrictions and fewer tax benefits than public charities like community foundations.
Until 1969, the term private foundation was not defined in the United States Internal Revenue Code. Since then, every U.S. charity that qualifies under Section 501(c)(3) of the Internal Revenue Service Code as tax-exempt is a "private foundation" unless it demonstrates to the IRS that it falls into another category such as public charity. Unlike nonprofit corporations classified as a public charity, private foundations in the United States are subject to a 1.39% excise tax or endowment tax on any net investment income.
Kappa Sigma (ΚΣ), commonly known as Kappa Sig or KSig, is an American collegiate social fraternity founded at the University of Virginia in 1869. Kappa Sigma is one of the five largest international fraternities with currently 318 active chapters and colonies in North America. Its endowment fund, founded in 1919, has donated more than $5 million to undergrads since 1948. In 2012 alone, the Fraternity's endowment fund raised over $1 million in donations.
The Calgary Foundation (TCF) is a Canadian registered charity serving Calgary, Alberta.
Western Indiana Community Foundation ("WICF") was incorporated on November 30, 1990 for the betterment of Fountain County, Indiana and Vermillion County, Indiana and its citizens. The community foundation is a U.S. registered 501(c)(3) non-profit charity.
United Israel Appeal (UIA), a subsidiary of The Jewish Federations of North America (JFNA), is a link between the American Jewish community and the people of Israel. An independent legal entity with 501(c)(3) charity status, and a Board of Directors, United Israel Appeal is responsible for the allocation and oversight of funds raised by United States Jewish federation campaigns on behalf of Israel for use by its operating agent, the Jewish Agency for Israel. It also secures and monitors U.S. grant funds for the immigration and absorption of Jewish refugees and humanitarian migrants to Israel from countries of distress. Partnered with the Jewish Agency for Israel, United Israel Appeal assists American Jews to fulfill their ongoing collective commitment to contribute to and participate in the upbuilding of the State of Israel. United Israel Appeal has offices in New York City and Jerusalem.
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.
National Christian Foundation (NCF) is a US non-profit organization that assists donors in donating to charitable causes. NCF accepts non-cash assets and is the nation's largest provider of donor-advised funds focused primarily on Christian donors. Since 1982, NCF has granted over $14.5 billion to causes and charities.
