JCFGM Executive Committee Meeting Summary and Reports April 25, 2022

The JCFGM Executive Committee meeting on April 25, 2022, covered various aspects including the mission statement, agenda items, funds and assets report, Life & Legacy Plus program details, Treasurer's report, and resolution related to Life & Legacy program participation. The meeting highlighted the foundation's commitment to philanthropy and supporting charitable needs within the Jewish community and other charitable institutions. Discussions included new funds, contribution activities, grant activities, and plans for the coming years in line with the foundation's mission.

• Executive Committee
• JCFGM
• April Meeting
• Philanthropy
• Charitable Needs

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1. JCFGM Executive Committee APRIL 25, 2022

2. JCFGM Mission Statement The Foundation is organized to promote philanthropy and to further the charitable needs of the Jewish community, other charitable institutions, and community organizations.

3. Agenda Minutes Assets and Fund report President s report Life & Legacy Plus Treasurer s report FYE 23 Proposed budget Life & Legacy resolution Giving Group proposal Committee reports: Strategic Planning committee Investment Nominating Funds Executive Director - Life & Legacy Plus Program and JFEDSHAW update Programs and Events

4. Funds and Assets Number of Funds (as of 4.25.22) Permanently Restricted Temporarily Restricted Custodial Funds Donor Advised Funds Foundation Funds Total 27 12 25 74 5 143 New Funds (7.1.21 through 4.25.22) Custodial Funds Donor Advised Funds Total 10 9 19 Closed Funds (7.1.21 through 4.25.22) Donor Advised Funds Foundation Fund Total 3 1 4 Contribution Activity: 71 contributions, totaling $2,458,809 (7.1.21 through 4.14.22) Grant Activity: 465 grants, totaling $1,376,110 (7.1.21 through 4.18.22) Assets: -- I will put this in

5. Life & Legacy Plus Continuation of LIFE & LEGACY, with Harold Grinspoon Foundation (HGF) support, over four years HGF Match HGF is prepared to invest $170,000 over four years based on a 1/3 HGF and 2/3 JCFGM split of annual budget expenses. HGF reimbursement grants are made at the conclusion of each fiscal year. Maximum grant amounts are the following: Year 1 $50,000 Year 2 $45,000 Year 3 $40,000 Year 4 $35,000 As a result of these grants, we are increasing staff time for Amy and Kim Life & Legacy expenses may be incremental and allocated, but incentive grants are compulsory All incentive grants to partners and legacy promise fulfilments must be deposited into funds at the Foundation We have created a Life & Legacy Plus Work Plan for Years 1 and 2 Year 1 incremental cost to the Foundation will be $4,400

6. Treasurers report

7. Life & Legacy resolution RESOLVED, that the Board of trustees of the Jewish Community Foundation of Greater Mercer authorizes Linda Meisel, Executive Director, to apply on behalf of the Jewish Community Foundation of Greater Mercer to the Life & Legacy Plus Program; FURTHER RESOLVED, that the board of Trustees, hereby approves that the Jewish Community Foundation of Greater Mercer shall comply with all program requirements of the Life & Legacy program and participate in the program to the fullest extent possible; FURTHER RESOLVED, that the Board of Trustees hereby approves to fully fund the Life & Legacy Plus program for the next four years.

8. Reports and Discussion Giving Group Proposal Committee reports Investment committee Nominating committee Funds Committee

9. Jewish Community Foundation Programs and Events May 10, 2022 Investment Summit with Dan Voss, Vanguard Institutional Advisor 7pm via zoom May 15-17, 2022 LIFE & LEGACY Annual Conference (via zoom) Registration required May 16, 2022 Special Board Meeting-Strategic Planning committee report June 9, 2022 Wine and Cheese Reception for Fund holders and Legacy partners, 5pm-7pm Courtyard at The Jewish Center of Princeton June 14, 2022 Investment Committee meeting via zoom at 7:30pm June 15, 2022 In-person Annual meeting at Congregation Beth Chaim 6:30 dinner 7:30 meeting

10. Community Events Sunday, May 15, 2022 2pm-5pm Jewish Pride Day celebration Palmer Square Princeton Thursday, June 2, 2022 Federation Women s Luncheon 11:30-3 Tuesday, June 7, 2022 JFCS Annual Meeting Wednesday, June 8, 2022 GWH Annual Meeting

11. Good and Welfare Condolences to Susan Falcon on the passing of her mother Freida Wallstein Mazel Tov to Howard and Janet Cohen on the marriage of their daughter Lauren to Zachary Applebaum Mazel Tov to Wally and Dee Yosafat on the birth of their granddaughter Olive Steele