JCFGM Executive Committee Summary

This summary provides an overview of the JCFGM Executive Committee's recent activities, including mission statement, agenda, assets and fund report, president's report, treasurer's report, and executive director's report. It highlights key updates, financial information, grants, and upcoming events of the foundation.

• Committee
• Summary
• JCFGM
• Financial
• Updates

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1. JCFGM Executive Committee AUGUST 12, 2024

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 Assets and Fund report President s report Search committee update Treasurer s report Executive Director Report Committee reports: Investment committee report Program calendar

4. Presidents report Search committee

5. Assets and Fund activity Assets and Fund activity July 1, 2024-August 2, 2024 Number of Funds Foundation Funds 5 Custodial Funds 35 Restricted 32 Donor Advised Funds 83 (including 5 Mitzvah Funds) Total: 155 Closed Funds: 2 (CBOI L&L Fund, Youth Scholarship assets moved to Scholarship Investment) Grants: 65 grants totaling $282,444 Total Assets: 8.12.24 17,655,041.87

6. Treasurers report

7. Executive Directors Report Annual Grant Distributions FYE24 Jewish Federation PMB $113,541. Jewish Family & Children s Service $52,747 Greenwood House $65,771 JCFGM staff team completed the Charity Navigator rating site JCFGM now has a 4 star Charity Navigator rating along with the Platinum CANDID rating Audit FYE 24 Marc Wisotsky, Audit committee chair, Ann Zawartky, outside finance person, Joyce Kalstein and I met with Diane Testa from BKC the audit firm. We established a schedule for the FYE 24 Audit. Insurance: Marc Wisotsky, James Schragger and I will meet on Aug. 20 with Brian Anstock from CBIZ to review all the agency insurance coverage. Special event for Board members and Fund holders: Sunday, September 29, 2024 11-12 AM a private small group Sculpture tour on the Princeton University Campus

8. Executive Directors report Life & Legacy Update We were notified by the Jewish Federation PMB that JCFGM will receive a $7500 allocation for Life & Legacy initiatives and workshops. Amy is holding one-on-one meetings with Greater Mercer partners this summer, outlining priorities for the year-ahead and reviewing the High Holiday Bootcamp Check-List. Linda & Amy led an in-person workshop for West-Central partners at Temple Sholom in Bridgewater; they focused on High Holiday marketing, recognition and stewardship L&L efforts. Amy completed reporting to the HGF Foundation for L&L Plus Year 2 (where Mercer achieved 29 new Promises). We have since received the HGF matching grant of $45,000 and are putting incentive grants directly into partner legacy funds held at JCFGM. Individualized L&L High Holiday ads were designed and distributed to each partner org. Two L&L workshops are being planned for 2024-2025; one will feature new L&L National Director Kathy Sarlson leading a session on Formalizing Promises. Kathy will soon replace Arlene Schiff as the HGF community consultant for Greater Mercer. (Arlene is expected to retire by year end). FY25 realized Promises to date: $64,688 is the aggregate for our community partners. All the funds will be invested in the partner Life & Legacy Funds at JCFGM

9. Executive Directors Report 2024-2025 Programs October 15, 5-7pm Create a special legacy decoration for the Beth Chaim Sukkah as we say farewell to Linda Meisel. Refreshments served. Location: Congregation Beth Chaim Sukkah October 28, 7-8pm Savvy Strategies for Year-End Charitable Giving Featuring Chartered Advisors in Philanthropy Lottie Nilsen (South Palm Beach) and Joshua Stein (Kansas City). Zoom program November 13, 7-8pm GI Jews: How World War II Changed a Generation Featuring Professor Deborah Dash Moore (University of Michigan). Zoom program Legacy Letters:Creating your own Ethical Will Featuring Linda Meisel. Zoom program December 9, 7-8pm January 26, 1-2:30pm Reflections for the Jewish Community following the 2024 Election Featuring Dr. Benjamin Dworkin (Rowan Institute for Public Policy and Citizenship at Rowan University) Location: The Jewish Center, Princeton February 10, 7-8pm Jewish Artists featured at the Princeton University Art Museum Learn from museum docent Sandy Kurinsky about the Jewish artists featuring in the Henry Pearlman Collection, including works by Soutine and Pissarro as well as Cezanne, Degas and others. Zoom program April 7, 7-8:30pm Art and Remembrance: A Story of Survival Featuring the short film Through the Eye of the Needle: The Art of Esther Krinitz and a conversation with Bernice Steinhardt s of Art and Remembrance. Refreshments will be served. Location: Adath Israel Congregation May 20, 6-8pm Jewish Community Foundation Annual Celebration Location: Adath Israel Congregation

10. Investment committee The Investment committee met on June 17, 2024 The portfolio review pointed out: Our actively managed International fund, the Vanguard Core Stock Fund Admiral Shares has done very well and has contributed to our overall performance since adding it to the portfolio in April 2023. The bond portfolio has detracted from performance as our bond portfolio ( a mix of short-term and long -term government bonds has underperformed the bond benchmark ( the Bloomberg US Aggregate Bond Index )since making a change in September 2023. The transition within Mercer should be completed in the period from March 2025 to September 2025. Right now, we continue to rely on Vanguard for reporting purposes. The prospective Conservative and Aggressive portfolio options have been put on hold. FidTech charges $6000 per year for each option irrespective of the asset level. We would be open to adding one or both of those options if we had a specific large enough request from our fund holders. Performance of the portfolio ( net of Mercer/Vanguard and mutual fund fees) through the end of July 2024 exactly matches the benchmark on a year to date basis (8.69%)and is slightly ahead of the benchmark (7.83% vs. 7.75 annualized) since the transition to Vanguard 0n 6/30/2020 Investment committee members: Harvey Fram, chair Scott Shaefer, Michael Manning, Jerry Neumann, Marty Schwartz, Alex Simanovsky West Central representatives: Michael Saul and Geoff Feinstein

11. Marketing committee Marketing committee Susan Falcon and Michael Feldstein met on Aug. 12, 2024 with Paul Schindel, our marketing consultant and Amy Zacks The staff will be reviewing our prior marketing efforts to see what initiatives worked and what initiatives did not yield benefits to JCFGM- DAF s, Legacy promise etc. and report back to the committee The committee discussed the Annual report that will be sent to our email list deciding on what information could make an impact. As an example, focusing on funds sent to recipient agencies. The annual report will be completed in September. The Foundation staff continues to post messages about the work on social media it is most helpful when board members share.

12. Good and Welfare Mazel Tov to Jeri and Scott Schaefer on the birth of their grandson Theo Mazel Tov to Marc and Audrey Wisotsky on the marriage of their son Eric to Andrea Brownstein Speedy Recovery to Scott Schaefer