Securing Our Future Through the ‘Innovation Sector’
an opinion piece from The New York Jewish Week; by Felicia Herman, executive director of Natan and Nigel Savage, executive director of Hazon:
Time To Increase Funds For Innovative Groups
In the next three years, Jewish foundations and significant individual Jewish funders should act as modern governments do in times of significant contraction — increase their expenditures, with the intention of returning to normal levels of giving when the economy grows again. Modern governments go into deficit to provide fiscal stimulus to the economy in times of severe recession, and this is precisely the scenario we need in the Jewish world. Any foundation that cares seriously and strategically about the Jewish future should play a countercyclical role by increasing its giving to see this vulnerable sector through the crisis.