Connect with us

Local News

Jewish Foundation reports major increase in grants despite poor return on investments in 2022

By BERNIE BELLAN

July 8, 2023 Despite the negative return on investments in the Jewish Foundation of Manitoba’s investment portfolio in the 2022 fiscal year (which ended Dec. 31, 2022), the Foundation was still able to increase the total value of gifts by $1.3 million last year (from $5,785,558 in 2021 to $7,061,598 in 2022).That was one of the highlights in the latest Jewish Foundation Annual Report, which was released at the Foundation’s Annual General Meeting, held on Wednesday, June 14.

In his report, Foundation Chief Financial Officer Ian Barnes noted that “The 2022 investment return certainly did ebb in the short term. The investment portfolio returned -7.44% before fees; -7.61% net of fees. Relatively speaking, the Foundation performance was 2nd quartile, and the return comes as no surprise given the 2022 global markets. The median return was -8.37%.“While mindful of 2022 performance, the Foundation is undaunted and is pressing ahead with its longer-term objectives of providing ongoing, sustainable support and improving the experience for its constituents. Grant commitments continued their increasing trend, with the Foundation committing an additional $1.3 million over the previous year. This is a result of both an increase in the endowment fund base and an increase in the annual distribution rate. The distribution rate will continue to increase for 2023.”

Addressing the downward trend in the markets, which characterized the entire 2022 investment year, Barnes observed that “While the investment returns may ebb and flow in the short term, the Foundation will measure itself by its performance over the long term and its continued relevance to its constituents…”

Elsewhere in the financial report, the following figures were given:

• A total of $90,957,501 has been granted by the Foundation since its inception in 1964• Women’s Endowment Fund grants totaled $68,000 in 2022

• 105 kids were able to attend summer camp as a result of campership grants• 3510 Tribute cards were sent, contributing $114,832

• There were 9 new signers in the Book of Life

• 108 new funds were established

• 10 Bar/Bat Mitzvah funds were established

• 32 Jewish charitable organizations with endowment funds received $1,599,615 from those funds – which represented 25% of the Foundation’s total distribution

• $188,750 was awarded in education awards and scholarship grants to 68 different recipients

Of the $7,061,598 in grants made by the Foundation in 2022, $5,868,989 were designated grants.

Of those designated grants, $4,354,295 (74.19%) were for the Jewish community, while $4,354,295 (12.51%) were for the general community.

In the table below you can see a list of some of the grants made to Jewish organizations. We were curious as to why the amounts fluctuated so much in certain cases from 2021 to 2022.

Jewish Foundation CEO John Diamond explained that “Donor directed/advised funds are just that. Each year, those funds that are donor directed/advised, decide where to send their distribution. It is their decision to make.”

We had asked in particular about the grant made to Gray Academy, which was over $35,000 less in 2022 than 2021. Diamond explained that “this was a timing issue. The donor made 2 distributions on their commitment to a long-term gift in 2021 therefore, no gift was made in 2022.”

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Local News

Application filed by two former members of Etz Chayim Congregation against the congregation to have their memberships restored dismissed by judge

The following is taken from the Canadian Jewish News website: “Manitoba’s Court of King’s Bench has dismissed Hadass Eviatar and David Hoult’s application challenging the termination of their membership at Congregation Etz Chayim. In his decision, Justice Vic Toews noted that, although Hoult’s letter describing a hypothetical attack on the synagogue may have lacked sensitivity given the political climate, he did not intend to threaten violence against congregants. However, the judge ruled that the court did not have jurisdiction to intervene in the membership dispute under Manitoba’s Corporations Act, finding that the couple had no financial, proprietary or economic interest that would entitle them to the remedies they sought. The judge concluded that religious organizations are generally free to determine their own membership rules and ordered each side to bear its own legal costs.”

If you would like to read the original article that broke the story about the battle between Hadaass Eviatar and David Hoult with Etz Chayim Congregation you can go to Epic Court Battle.”

Continue Reading

Local News

Jewish Federation now says Jewish population of Winnipeg in 2021 (according to the census) was 13,940 – not the 16,000 figure that the Federation had been touting for years

By BERNIE BELLAN (Posted Oct. 27, 2026) Longtime readers of The Jewish Post & News (and this website) would probably know that I have long had a very strong interest in establishing as accurate figures as possible when it has come to reporting the size of Winnipeg’s Jewish community.
For years I argued that our Jewish Federation was exaggerating the size of our Jewish population. I heard the figure of 16,000 bandied about by leaders in our community quite often when it came to reporting the size of our Jewish population – without any empirical evidence to back that figure up.
I had long maintained that the only reasonably accurate figures when it came to reporting the size of Winnipeg’s Jewish population were those produced by the late Evelyn Katz, when she was the unofficial demographer for the Jewish Federation – over 30 years ago. What Evelyn would do is keep careful track of births, deaths, numbers of newcomers but, perhaps most important: the number of people who had left our community.
Thus, in August 2022 when I interviewed Faye Rosenberg Cohen who, at the time, was just about to retire as the Jewish Federation’s Chief Planning and Allocations Officer, I was somewhat astonished to hear Faye say, when I asked her what proportion of our Jewish community was made up of immigrants, she answered that “I can honestly say when I look at those numbers it’s somewhere around 1/3 of the community.”
In response, I asked: “So you’d say it’s somewhere between 4-5,000?”
Faye said: “I think it’s more than that.”
I wrote in that article, “I indicated my skepticism at that time, saying ‘You know that I’ve always been skeptical about the numbers that have been used by the Federation for the population of the Jewish community. I think though that it’s always been more of a case of identification – who identifies as Jewish.’ ”
Later, after the results of the 2021 census were released, I wrote that “if you take into account the results of the 2021 census, the Jewish community cannot be larger than 14,270 at a maximum. But that figure would also include anyone who had either said either their ethnic origin was Jewish or their religion was Jewish.”
Since many of the individuals who had said on the 2021 census that their ethnic origin was Jewish, but their religion was something else, I maintained that ascertaining the real size of our Jewish community was highly problematic.
Still, for the sake of argument I was willing to accept that, realistically, it was somewhere between 13,000-14,000 – but nowhere close to the figure of 16,000 that had come to be suggested by our then president of the Jewish Federation or by other leading figures in our community.

Sharon Graham – Jewish Federation Community Planning and Allocations Lead

So, it was with a sense of satisfaction that I heard Sharon Graham, who is now the Jewish Federation’s Community Planning and Allocations Lead say to an audience of over 50 people who were at the Gwen Secter Centre on Thursday, October 22, that the Jewish community in 2021 was – at a maximum: 13,940.
Sharon was at the Gwen Secter Centre to speak to Remis Lecture attendees. Her presentation preceded a presentation by Jewish Federation CEO Jeff Lieberman. Sharon used a PowerPoint presentation to provide some very interesting insights into where our Jewish community was at in 2021- and I’m offering some parts of her presentation here for you to read because I thought they were so interesting.
I had actually made many of the same observations about the results of the 2021 census in my own reporting back in 2022, but seeing what I had written confirmed by the Jewish Federation’s point person on planning told me that Sharon has a much more realistic view of our community than did Faye Rosenberg Cohen.
Here, for instance, is a slide that shows the proportion of our Jewish community that is made up of immigrants. It’s slightly under one fifth, not the one third percentage that Faye had suggested.

But, what really set Sharon’s presentation apart from anything else I’ve ever seen presented by someone from the Jewish Federation – other than the aforementioned Evelyn Katz, was the slide she projected which showed that, while there had been a large influx of newcomers to Winnipeg’s Jewish community between 2016-2021 there had also been a significantly high number of people who had left our Jewish community in those same years, as you can see in the following slide:

That is something we just don’t hear discussed by leaders of our Jewish organizations, but let’s be realistic: For many newcomers who came to Winnipeg and were counted as new members of our Jewish community, Winnipeg – for a variety of reasons, was a stepping stone to other communities. It may have been for reasons of better job opportunities, moving closer to other family members, or – the reason that we hear so often when it comes to people saying they want to leave Winnipeg: the weather.
But, whatever the reason, Sharon’s figures show that, as much as GrowWinnipeg may have been an abiding success when it’s come to attracting newcomers to our Jewish community here, getting them to stay long term is a different story.
And, while there were other aspects of Sharon’s presentation that certainly merit discussion, especially the figures she produced about intermarriage, rather than delving into them here, I thought it useful simply to insert them for you, the reader, to see – and draw your own conclusions.

Continue Reading

Local News

Marty Green expands his protest against extremist Jewish settlers to two more venues – and is arrested twice more

(Tuesday, October 27) We received the following press release about Marty Green being arrested again, both at the University of Manitoba and at Shaarey Zedek Synagogue:

Both sides came to blows on Saturday, October 24, at the Shaarey Zedek Synagogue as security personnel sought to prevent Marty Green from interfering with synagogue traffic as he protested just outside synagogue grounds against the actions of religious settlers in Israel’s occupied West Bank territory. Synagogue Executive Director Rena Secter Elbaze quickly intervened to prevent further escalation. Police arrived shorty thereafter and detained Green for 45 minutes before driving him home and releasing him. It is not clear whether their decision not to lay charges was the result of their own onsite investigation or whether it was at the request of the synagogue executive.

Green has now been arrested four times in the last month and faces multiple charges for disturbing the peace, including two episodes at the Asper Campus and one more this past Friday (Oct. 23) at the University of Manitoba. While Green says initially he was merely handing out leaflets (at the Asper Campus), since his first arrest on September 23, he has returned to the campus with a large placard and an acccordion, accompanying himself while singing songs with lyrics that include such phrases as “The Jews Are Bananas….B-A-N-A-N-A-S”. In addition to listing actions of the religious settlers as including arson, vandalism, and theft, he pointedly alleges that the IDF has been backing up the settlers in their actions.

Green had earlier notified the Shaarey Zedek that he was contemplating bringing his protest to the synagogue. He was told that if he attempted to enter the grounds he would be prevented from doing so. At that time, Secter Elbaze told Green that his intentions were inappropriate, declaring the synagogue to be “a house of worship dedicated to prayer, learning, community, and spiritual engagement.” Green responded that if the synagogue were willing to contact the Crown and inform them that “that there was never any legal basis for their claims that I was conducting myself inappropriately at the Asper Campus” (with regard to his earlier arrests) that he would “voluntarily refrain from carrying his informational campaign to the synagogue(s).”

Green further argues that the recent “psak” (religious ruling) by leading Israeli rabbi Rov Dov Lior, in which Lior declares that it is not merely permissible but praiseworthy for Jews to steal olives from Arab orchards….that this ruling brings his protest within the proper realm of religious discourse. He says further that if the local rabbis were willing to speak out to their congregations against the aforesaid psak, that he might have refrained from taking his campaign to their grounds.

Although Green was released on Saturday without charges, police confiscated his placard. They explained that it was being held as evidence pending an investigation by Major Crimes as to whether it constituted hate literature.

There was no further information given as to what happened at the University of Manitoba.

Continue Reading

Copyright © 2017 - 2023 Jewish Post & News