NewsBits: Hadassah Sees Donation Plunge
from The Fundermentalist:
More than 20 Jewish charities were featured on the Chronicle of Philanthropy’s Philanthropy 400, despite some serious drops in fund raising.
The country’s largest Jewish charity, the Jewish Federations of North America, formerly known as the United Jewish Communities, took in $398.5 million but its donations fell by 25.3 percent. The tally for the umbrella organization of the Jewish federation system consists of money that passes through from local federations to the system’s overseas arms, the American Jewish Joint Distribution Committee and the Jewish Agency for Israel, as well as federations’ dues to the national group, money from special campaigns and an annual grant the system receives from the U.S. government.
The Jewish Communal Fund of New York, a donor-advised fund that relies heavily on patrons who work in the financial services industry, saw a 26.9 percent drop. The Jewish federations in San Francisco and New York saw 28.8 and 21.3 percent falloffs, respectively.
And Hadassah, though its officials have worked hard to avoid being hurt by the fallout from the Madoff scandal, saw its donations drop by nearly half, to just over $85 million in 2008.