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wortzman cowanBy BERNIE BELLAN The two pillars upon which Winnipeg's Jewish community rests have both announced that they enjoyed the most successful years in their respective histories.


The Jewish Foundation of Manitoba has shown remarkable growth since its low point following the 2008 stock market crash which saw its total capital plunge to only $52 million from over $60 million before the crash.
Its total capital now stands at $104 million. That was one of the most impressive facts reported at the Foundation’s Annual General Meeting, which was held Wednesday, June 15, in the foyer of the Berney Theatre.
Here are some other highlights of the Foundation’s 2015 financial report:
• In the 50 years since its inception in 1965, the JFM has given out almost $55 million in grants.
• In 2015 the JFM awarded $3.34 million in grants to 238 organizations
• It also received $3.35 million in new contributions
• The return on investments was 8.52%

In her president’s report, JFM President Anita Wortzman focused on a strategic planning initiative into which the JFM board had entered in 2015. The purpose of the initiative was to “know where we are going,” Wortzman said, “and have a plan to sustain our tremendous growth”.
As a result of the initiative the board decided to reduce its size in order to streamline the decision-making process.
In the Foundation’s Annual Report, which was also distributed at the AGM, Wortzman wrote: “…we are putting ourselves in a position to operate even more efficiently for the long term. Our new governance structures will allow us to take advantage of the expertise of our community’s leading volunteers.”

Following Wortzman’s remarks, JFM CEO Marsha Cowan added to the information that had already been given by Wortzman. She noted that, for the first time, the Foundation did an in-depth analysis of the impact of the Book of Life, in which individuals designate funds to be given to the JFM upon their passing.
Over $12 million has been received by the Foundation from Book of Life signers (who are now deceased) already, Cowan noted. In addition, a further $25 million is expected to be received in future years from living individuals who have signed the Book of Life.
Cowan also reported that 12 estate gifts were received by the Foundation in 2015 worth almost $1.3 million. Of those gifts, the largest, $1.1 million, was received from the estate of the late Irma Penn (in the name of Irma and Marvin Penn).
One final aspect of the JFM’s financial report that caught my eye was that, even though the Foundation’s total assets grew from $96.3 million in 2014 to $104.3 million in 2015, administrative and operating expenses remained relatively stable at $1.26 million (compared with the previous year’s $1.17 million).

Combined Jewish Appeal raises record amount - Beneficiary agencies to receive $107,000 more than last year

The Combined Jewish Appeal raised a record $5.865 million in 2015. That surpasses last year’s total of $5.7 million and exceeds the previous record total of $5.8 million, which had been reached in 2013.
As a result of the success enjoyed by the CJA, the 12 beneficiary agencies of the Winnipeg Jewish Federation will be able to receive $107,000 more in funding than they had received last year.
The allocations were determined by the Federation’s Allocations Committee. Here is what the Allocations Committee reported, with respect to funds raised by last year’s campaign: “Funds available for Allocation are derived primarily from the CJA Campaign. The total campaign includes funds that are designated to specific projects and are not available for allocation. Income from the Jewish Federation of Winnipeg’s endowment fund Leave More than Memories at the Jewish Foundation of Manitoba is added to the total available. Federation expenses are deducted from the total campaign. Interest income from short term investments and tribute cards are added to the available dollars. Accordingly, funds available for allocation for the period of September 1, 2016 to August 31, 2017 are $2,665,000.
“Requests from local partner agencies exceeded dollars available by $131,000.”

In a separate email received from Elaine Goldstine, Federation CEO, we were told that, in addition to the $2,665,000 to be allocated to the Federation’s beneficiary agencies, a further $1,160,000 will be allocated as “designated gifts” (which includes monies to be given to various agencies and to Israel), and $550,000 will be allocated to JFC/UIA (Jewish Federation Canada/United Israel Appeal).
The increases in allocations to the beneficiary agencies will be spread relatively evenly among the 12 beneficiary agencies, with every agency receiving at least a slight increase from the previous year’s allocation.
Of all the agencies, the one that came closest to receiving almost the full amount of what it had requested was Jewish Child and Family Service. JCFS requested $791,000 for both the JCFS and the chaplaincy service, which falls under the auspices of JCFS. The total allocation for JCFS will be $786,000.
In singling out the JCFS for praise, the Allocations Committee noted that the “Committee was impressed with the responsible path the agency is taking to build the addictions services program with sustainability in mind. Their allocation request was careful and conservative, their material thorough and their governance an example for others.”

The full amount of each agency’s 2016/2017 allocation is given in the table below.

Recommended allocations

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