A MESSAGE FROM THE FOUNDATION OF
THE GREATER MIAMI JEWISH FEDERATION
Welcome to the June 2020 edition of The Foundation e-newsletter. This month, we are writing to share some new and inspiring stories from our donors and their lasting Jewish legacies. We hope you enjoy reading these and we encourage you to reach out to us with your story of what motivates you and how you want to make a difference in our community.
We have also included information about deepening family connections during this challenging time. We hope you will find this to be valuable. We are pleased to provide you and your family with meaningful opportunities to connect with one another around Jewish community, charitable giving and values.
Thank you for your continued trust and partnership with us. We were here in the past, we are here in the present and we will be here in the future as we look forward to a stronger tomorrow — today!
STRENGTHENING THE JEWISH FUTURE...
IN THEIR OWN WORDS
The future of Miami’s Jewish community remains strong thanks to our legacy donors, including members of the Greater Miami Jewish Federation Heritage Society, Forever Pacesetters and Forever Lions. Please click the links below to read stories from Terri Bachow and Rosalyn and Charles Stuzin about the legacy gifts they established through The Foundation. Stay tuned for more stories about donors who are planning today for ways to make an impact on our Jewish future.
In her own words
Click here to read her story
Rosalyn and Charles Stuzin
In their own words
Click here to read their story
DEEPENING FAMILY CONNECTIONS
Albert Einstein said, “In the middle of every difficulty lies opportunity.” More than three months ago, most of our lives radically changed due to the COVID-19 crisis.
Our work connecting you to Jewish life continues during these extraordinary times. Let The Foundation of the Greater Miami Jewish Federation help you create meaningful opportunities for your family. Click here to read about ways to engage your loved ones in your philanthropy, including researching your family tree and opportunities for your college and post-college aged children.
Click here to read about the following opportunities:
Family Conversations Around Jewish Values & Giving
Writing Your Jewish Story
Tracing Your Family Journey
Engaging Your College and Post-College Aged Children This Summer
As historic as the COVID-19 crisis has been, so has the response from fiscal and monetary authorities. Trillions of dollars have been infused into the economy and capital markets to mitigate the impact of this pandemic. This action and reaction led to a strong rebound in capital markets in April and May. US and international stocks rose 19% and 11% respectively since March 31. High yield bonds, REITs and commodities also rebounded over the last two months. In aggregate, most asset classes have now recovered over half their losses of March.
The Greater Miami Jewish Federation blended portfolio also rebounded during April and May by an estimated 6.59%, resulting in a -6.74% calendar year-to-date return through May 31. During the first three weeks of June ending June 19, markets continued to recover, although volatility remains at historically high levels.
The events that occurred over the first half of the year reflect the complexities of financial markets and the challenges in making accurate short-term tactical allocations. Now, more than ever, the Investment Committee remains confident that the best approach is to maintain a balanced portfolio with a long-term investment perspective. Looking ahead, we continue to actively monitor potential portfolio risks and opportunities as we recognize the important role our endowment plays in support of our Jewish community.
A special thanks to Steve Wagner, Investment Committee Chair, and the members of our Investment Committee for their active guidance navigating this crisis and accessibility as we have been in frequent communication monitoring and managing the precious assets of our community.
We also want to acknowledge and appreciate our donors and agencies for their continued trust and confidence working in partnership with The Foundation to manage the community’s charitable assets.
Stay Connected with Your Jewish Community
Your Donor-Advised Philanthropic Fund at The Foundation
As the current crisis has changed the way we do business, we want you to know The Foundation continues to be fully operational and is making grants on a weekly basis in support of charitable organizations in our local community and around the world. If you already have a Donor-Advised Fund with The Foundation, we encourage you to access your fund through our secure donor portal site. It’s as easy as 1-2-3 and we are here to show you how to securely login with your unique username and password to access your fund, check balances, make grant recommendations, see your giving history and more. Read more.
About The Foundation
Whether you want to make a difference in the world, reduce your taxes or benefit from an increased income stream, The Foundation of the Greater Miami Jewish Federation is ready to work with you, your family and your professional advisors to help you meet your philanthropic goals and find ways to give smarter.
Your Foundation gift can feed the hungry, care for vulnerable elderly Jews, educate children or fulfill the vision you have for a better tomorrow for the Jewish people. If you want to strengthen Jewish identity, safeguard Jews in Israel and around the world or encourage the next generations to embrace their rich Jewish heritage in meaningful and innovative ways — or all of the above — The Foundation can turn your philanthropic aspirations into reality.
Steve Foldes, Chair of The Foundation
Scott Kaplan, The Foundation Director
Shelly Brodie, Forever Lion Chair
Steve A. Wagner, Investment Committee Chair
Jill Hagler, Director of Foundation Development
Gabriel Simkin, Investment Analyst
Professional Advisors Council (PAC)
Susan Morrison, Chair
Adam Kaplan, Director
Golden Care Foundation
Paul Kruss and Dr. Joseph Singer, Co-Chairs
Mindy Tucker, Golden Care Director
Miriam Masia, Golden Care Assistant Director
Jeffrey Scheck, Chair of the Board
Jacob Solomon, President & CEO
Isaac K. “Ike” Fisher, General Campaign Chair
Jeffrey Y. Levin, Chief Development Officer
Abbey Feinberg, Annual Campaign Director