NEWS: LOCAL

Federation announces additional $1.5 million to support Jewish day schools

Chicago-area Jewish day schools will get nearly $1.5 million in extra support in the coming year, thanks to the latest distribution from the Jewish Day School Guaranty Trust Fund.

The Fund, a groundbreaking endowment built by the Jewish Federation of Metropolitan Chicago and the local day school community, will distribute $1,476,632 to 17 participating schools. That brings the Fund's total distributions to more than $9.1 million, nearly all of it in the last six years.

That funding is in addition to the $3 million Federation allocates to the schools each year, plus other support it provides, including: administrative and organizational services, grant application assistance, and more than $23 million in loan guarantees for capital improvements at individual schools. This year, the Federation also inaugurated the REACH program, which coordinates health, mental health and special services for students at the schools.

"Despite the tremendous investment Federation and the day school community make every year," Federation President Steven B. Nasatir said, "there still is a desperate need for additional funding the schools can count on year in and year out. The innovative Day School Trust Fund, which has grown to a $30 million-plus endowment, has proven itself a highly viable, reliable, perpetual response to that need."

The Trust Fund benefits schools serving students from every branch of Judaism. This year, a 17th school - the Jewish Therapeutic Day School of Jewish Child & Family Services - was added to the group.

Other schools receiving support, which is based on enrollment, are Akiba-Schechter Jewish Day School; Arie Crown Hebrew Day School; Bais Yaakov Girls High School; Chicago Jewish Day School; Chicagoland Jewish High School; Fasman Yeshiva High School (HTC); Hannah Sacks Bais Yaakov Girls High School; Hillel Torah North Suburban Day School; Ida Crown Jewish Academy; Joan Dachs Bais Yaakov/Yeshivas Tiferes Tzvi; Keshet Day School; Seymour J. Abrams Cheder Lubavitch Hebrew Day School; Lubavitch Girls High School; Solomon Schechter Day School; Telshe Yeshiva High School Program; and Yeshiva Ohr Baruch-The Veitzener Cheder.

Gifts to the Trust Fund, part of the Federation's Centennial Campaign, are over and above the donors' annual gifts to the Jewish United Fund Annual Campaign and to the individual schools.

For details on the program, contact the Federation's Legacies and Endowments Department at 312/357-4853 or legacy@juf.org.

Posted: 5/4/2012 12:01:23 PM
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