This year the Jewish Community Foundation of Montreal awarded $464,000 to 123 post-secondary students; a record year in scholarships given thanks to the generosity of fund holders. “Many of our donors want to support students’ academic pursuits directly. These scholarships say someone believes in me; someone is investing in my future.
“It’s a real boost, a sign of encouragement and support” says Kathy Assayag – Executive Director of the Jewish Community Foundation of Montreal. “By alleviating the financial burden, students can better focus on their academic success.”
2017 was a record year for the Jewish Community Foundation of Montreal whose total grants and charitable programs exceeded $58 million in distributions, a 42% increase from the previous year, making it one of the largest grantors in Canada.
The Jewish Community Foundation of Montreal encourages charitable giving by making it easy, efficient and tax-smart. Over the last few years, assets under management have grown significantly both due to the popularity of donor-advised funds and the creation of permanent endowments that benefit many community organizations.
In 1971, a group of leaders led by the late Arthur Pascal decided to raise money for an emergency contingency fund for Montreal’s Jewish community. Little did they know that 46 years later their idea would spawn a $1.4 billion dollar foundation benefiting social welfare, culture, health, education and enhancing the overall quality of Jewish life.
For more information contact the Foundation at (514)345-6414 or visit www.jcfmontreal.org
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