The Jewish Community Foundation of Los Angeles (The Foundation) and its donors made grants in 2014 of nearly $71 million – an increase from $65 million in the prior year – to causes ranging from education to human services to health initiatives to civic life. Among the year’s notable accomplishments were the creation of a record 77 new charitable funds.
Marking its 60th anniversary in 2014, The Foundation reported that charitable assets under management rose 7 percent to $972 million (unaudited) at December 31, 2014 from $906 million one year earlier. Inflows from donors – which include the newly established funds, as well as additions made to existing funds – climbed nearly 30 percent to $130 million last year from $101 million in 2013.
30 percent of total grants awarded last year went to support institutions and causes in the areas of human services and 24 percent supported education. The breakdown for the majority of the remaining grantmaking was as follows: Jewish continuity (17 percent); health (10 percent); civic life (10 percent); and arts, culture and humanities (7 percent).