Jewish Portland Receives Its Largest Gift Ever
The Board of Directors of the Oregon Jewish Community Foundation (OJCF) has announced that the family of (the late) Harold Schnitzer has gifted the Park Tower Apartments in downtown Portland to OJCF in honor of Harold’s memory and his legacy.
The historic building which has 162 low-income residential units and ground floor retail space is valued at $16.6 million, making this the single largest donation ever made to the OJCF and Portland’s Jewish community. The transformational gift will increase OJCF’s total assets under management by 33% to $67 million and is a salute to the pioneering vision of community leaders who collaborated 22 years ago to create the OJCF. Proceeds from this gift fund the Harold and Arlene Schnitzer Family Fund of the Oregon Jewish Community Foundation.