The Kohelet Foundation and Torah Academy of Greater Philadelphia are pleased to announce a new gift by the Foundation in support of Jewish primary and middle school education in the Philadelphia area. The Kohelet Foundation has pledged a new unrestricted gift of $500,000 to Torah Academy. In addition, the Kohelet Foundation will release approximately $800,000 in restricted funds associated with a prior pledge, for a total unrestricted gift to Torah Academy of $1.3 million to be transferred in January 2015.
Torah Academy plans to use these funds to sustain and enhance its programs and services, to ensure the long-term financial stability of the school and to provide scholarships. The school awarded over $1.3 million in scholarships to 198 students in the 2014-15 school year, a greater than 10% increase from the previous school year.
Since it’s inception in 2008, the Kohelet Foundation has contributed nearly $40 million to the Jewish day school field both locally and nationally. This includes approximately $25 million to the day schools throughout Greater Philadelphia and over $4 million in grants and gifts to Torah Academy.
About: The Kohelet Foundation is a private foundation that generates and supports Jewish communal responsibility for day schools, among parents, philanthropists, and the greater Jewish community. The Kohelet Foundation embraces efforts that are replicable and accessible to communities nationwide.
Torah Academy of Greater Philadelphia is an Orthodox Jewish Day School serving approximately 300 boys and girls ages 3 years – 8th grade. Established in 1964 and located in Wynnewood, PA, Torah Academy provides a dual curriculum in both General and Judaic studies and is accredited by the Middle States Association of Colleges and Schools.