Looking back on the recently-completed fiscal year that spanned from October 1, 2023 to September 30, 2024 shows strong results for the Jewish Community Foundation, Inc.
Here are some key findings, which are referenced in our 2024 JCF Year-in-Review handout, at right:
Total Grants from All JCF Funds: $4.2 Million
Through the Fiscal Year 2024 (FY24), the JCF managed over 500 funds, including approximately 325 endowment funds and close to 200 donor advised funds (DAFs).
During FY24, a grand total of $4.2 million was distributed from these funds, with $2.65 million distributed from DAFs and $1.55 million distributed from endowment funds.
The dollar amount of total grants distributed marks a 25% increase from FY23
Total Grants from All JCF Funds to the (SNJ) Jewish Community: $3.02 Million
Nearly 72% of the $4.2 million in grants provided by JCF funds benefited Jewish organizations in South Jersey, including the Jewish Federation of Southern New Jersey and its family of agencies, Jewish day schools, and synagogues.
The $3.02 million granted to SNJ Jewish organizations reflects a 30% increase compared to FY23.
In all, the Jewish Federation system received $2.04 million from JCF funds, an increase of 12% from FY23.
Looking more broadly, the JCF sent at least one grant to more than 400 charitable causes locally and nationally, up from over 350 in FY23.
Total JCF Endowment Fund and Donor Advised Fund Assets: $47.68 Million
The JCF and our volunteer Investment Committee partners with SEI to invest our fund assets into professionally-managed portfolios.
The JCF's endowment fund portfolio (which consists of the vast majority of the JCF's assets) rose 23% during the year, and has returned 7.63% in annualized returns over the past 10 years. (These percentages are net of SEI's fees.)
In total, the JCF opened approximately 25 new funds.
Total assets under management increased by 25.5% from FY23.
Summary: The JCF Experienced Strong Growth in FY24
Donors increasingly opened new endowment funds and donor advised funds to expand their philanthropy.
Donors continued to add generously to their funds, thus growing JCF's assets under management.
The portfolio investments grew heartily at a stronger rate than normal.
As a result of more assets under management, grants distributed by the JCF also increased substantially to provide more financial impact to more charitable causes.
Looking ahead, there's no way to know what the future holds, but investment results for FY25 may not be as strong as in FY24 since they were outsized in the previous year compared to the long-term average.
Regardless of how fund investments fare in coming months, the JCF will continue to work with donors to open new funds and expand existing funds while also facilitating more grant distributions to increase our collective impact of tikkun olam (repairing the world).
The JCF thanks our generous donors for their continued support, and we look forward to continuing to ensure that our donors' philanthropic goals become a reality, as we aim to have assets and grants both grow in FY25.
For questions about this year-in-review, please contact us at 856-673-2528.
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