I am exceptionally thankful for the opportunity to chair the Ottawa Jewish Community Foundation. The Foundation has achieved so much since its inception, growing to $63 million in assets under management, a significant endowment by any standard, particularly for a community of our size, and we have achieved an enviable average rate return of 6.61 per cent over the past 10 years. Most importantly, over the past five years, the Foundation has been able to provide $14,542,945 to the various beneficiary agencies of our community.
In this edition of the Ottawa Jewish Bulletin, I want to review how the Foundation strives to be donor-centric, while at the same time being mindful of our community’s needs, both for today and for the future. This approach differentiates the Foundation from other organizations and affords a unique alternative approach to community philanthropy. [Read more…]