UJA-Federation of New York Succeeds in Securing $84 Million for Local Jewish Day Schools and Yeshivot
New York, NY (May 20, 2019)…UJA-Federation of New York announced today that its Day School Challenge Fund (DSCF) has generated $84 million in new endowment dollars for participating Jewish day schools and yeshivot in New York. Twenty-two schools from New York City, Long Island, and Westchester participated in the DSCF, raising $53 million. An additional $31 million was contributed from the match fund, yielding a total of $84 million for regional students.
The DSCF launched in September 2014 with a $51 million Challenge Fund — $20 million from UJA’s endowment, together with significant funding from The AVI CHAI Foundation, The Jim Joseph Foundation, and eight visionary families. This Challenge Fund was used to match new endowment dollars raised by participating schools.
The new endowment dollars provide a predictable revenue stream for schools to provide scholarships and invest in educational excellence. The fund is managed and invested by UJA-Federation, with annual distributions to the schools...