NJ Community Foundation Receives $20m. Gift
from New Jersey Jewish News:
Heeding Andrew Carnegie’s maxim that “he who dies rich dies in disgrace,” Leon Cooperman and his wife, Toby, have made what is believed to be the largest single contribution the Jewish Community Foundation of MetroWest NJ has ever received.
The JCF has been named beneficiary of the Coopermans’ $20 million life insurance policy.
The gift comes from the Cooperman Family Foundation.
According to JCF executive director Joshua Rednik, a minimum of $10 million will be placed in the Cooperman Family Fund for a Jewish Future, which endows Birthright Israel for young adults, supports Jewish summer camps for youngsters, and promotes mitzva projects for teens.
“The other $10 million will be subject to the discretion of the fund’s trustees…”