The Andrea and Charles Bronfman Philanthropies has announced the steps it has taken and will continue to take as it prepares to close in 2016.
In 2001, Charles Bronfman and his wife, Andrea — who passed away in 2006 — chose 2016 as the year by which ACBP would, as Charles Bronfman and ACBP president Jeffrey Solomon write in an open letter on the foundation's Web site, "accomplish the goal of ensuring that the missions of the organizations that ACBP has incubated would continue."
The Jewish Funders Network announced today the launch of a Crisis Loan Fund to assist nonprofits harmed by the Madoff Ponzi scheme. With an initial pool of $5 million, The Crisis Loan Fund will provide bridge financing and interest subsidies to eligible 501(c)(3) nonprofits facing budget shortfalls as a result of the scheme. The fund was created through a collaboration of JFN members. JFN has also launched a Pro Bono Resource Bank that offers consulting services to nonprofits who are struggling in this down economy.
When it comes to fundraising, it’s important to strike a balance between the younger and older generations, says Jeffrey Solomon, president of the New York-based Andrea and Charles Bronfman Philanthropies, a family of charitable foundations that operate in the United States, Canada and Israel and aims to encourage young people to strengthen their knowledge of heritage and support programs in Israel. “The challenge for an organization is that they see that older people — over age 50 — are the core supporters of most charities,” Solomon says. “[They need to see that] the needs of their children [also] need to be met.” Solomon
The nonprofit sector faces ever-increasing questioning from the government, the media and the public regarding its integrity. Still, charitable giving continues to grow, with Americans leading the way in terms of philanthropy. Jeffrey Solomon, president of The Andrea and Charles Bronfman Philanthropies, says the current charitable climate offers opportunities both in terms of fundraising and accountability for nonprofits. “Both in volunteer time and in contributions, the American public every day demonstrates its faith in the nonprofit sector’s ability to improve the world,” says Solomon, whose organization consists of a family of charitable foundations operating in Canada, Israel and the United States missioned to
