Annual Report

Responsibility • Family • Community • Leadership

2019/2020

Message from Our Chair

Chairing a family foundation is an honour and a responsibility.

Every decision or recommendation is framed in thinking about the value of the grant and what it would mean to the three generations of our family. As a Foundation that embraces both individual and collective decision making, our impact is widespread and diverse.

This year was marked by a need for flexibility as we turned a corner in March and had to reconsider priorities for the rest of the year.

Even within this unusual environment we managed to initiate new projects which added to our portfolio while sustaining and growing legacy commitments. This brief report provides highlights on our achievements and aspirations.

I thank everyone involved with the Foundation for their caring, time and commitment to continue this family enterprise and sustaining it for our children in the vision of our parents.

Shawna Goodman

Message from Our President

Ongoing dialogue with larger grantee partners – particularly Federation CJA and Centraide – allowed for information sharing and gauging the scope of need.

In Israel, responding to needs related to the pandemic, assistance was granted in providing basic necessities. Additionally, important and successful initiatives supported by the Foundation outside of the pandemic were launched. Many important programs saw substantial growth, including the Jewish Funders Network Family Philanthropy Center and the Excellence for Science Teaching program at Weizmann Institute.

In Montreal, family members continued to be active in leading the critical work of the McGill Goodman Cancer Research Centre and helping to transition to Institute status. Furthermore, a third year of funding for the Goodman Pediatric Formulation Centre was completed with a number of successes in availability of pharmaceuticals for kids. Active involvement with the Passport Project at Federation continued along with ongoing support of the CAPS program, which reduces barriers to Jewish education for middle income families. Family members further took it upon themselves to address two important social needs; the development of Summer Camp Israel and the start of a new project encouraging higher education for Ethiopians in Israel.

All of these grants demonstrate the ever increasing creativity, compassion and dedication of the family.

Maxyne Finkelstein

Community

369 Qualified Grants Considered

$72.7M Total Allocations Since Inception
81% Allocated in Canada 🇨🇦
19% Allocated in Israel 🇮🇱

68%

Approved

27%

Declined

5%

Pending

Community

Foundation Revenues

In thousands $CAD

$278

Donations

$842

Interest
Income

$5,088

Dividends

$93

Gain/Loss
on Investment

Community

Expenses

In thousands $CAD

$6,328

Core

$2,294

Donor
Advised Funds

$1,094

Operational
Expenses

Community

Foundation Operational Expenses

In thousands $CAD

$71

General and
Administration

$56

Professional Fees

$424

Staff and
Consulting

$542

Investment
Expenses

Community

Granting Overview

2020-2021

43%

Education & Arts

We support formal and experiential education and the Arts through innovative programs, skill development, Israel experiences, and engaging opportunities in both the Jewish and general community.

40%

Scientific Research

Our goal is to promote public health by supporting scientific research activities and health related projects.

17%

Quality Of Life

We improve quality of life by supporting initiatives that focus on basic needs and organizations that serve populations at risk.

Community

Our COVID-19 Response

In March 2020, the Foundation quickly established an emergency fund in response to the global pandemic.

As a result, the Foundation was able to support organizations that provide essentials to the most vulnerable in Montreal and Israel through September 2020. We have improved quality of life by contributing to food security, protecting youth at risk, and supporting front line responses and mental health.

10,000+

Feeding tens of thousands of the most vulnerable in our communities.

200

Offering personal protective equipment and essential servies to 200 facilities across North America.

800+

Providing support and ongoing access to educational resources and activities to over800 students and children.

Community

Emergency Fund Allocation

"We have seen need arise in members of our community who have never needed any care before in their lives. This brings both food and a connection to their doorstep as we seek to not only feed but alleviate a bit of the isolation and loneliness."
- Congregation Shaar HaShomayim

Community

Amounts Disbursed

in CAD$

85%

Funds disbursed in the first two months of the crisis

$340,933

Dollars Allocated Up To April 8, 2020

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