With a just-announced distribution of $1,496,206, the Jewish Day School Guaranty Trust Fund, established seven years ago in Chicago, has passed the $10 million mark in distribution. This year’s distribution, up slightly from last year, will be shared by 17 schools, serving students of all denominations that participate in the program. Distributions are based on enrollment.
These dollars are in addition to a range of other support the Jewish Federation of Metropolitan Chicago provides including $3 million allocated directly to the schools each year and more than $23 million in loan guarantees for capital improvements at individual schools.
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