$2 Billion Is Not Enough... Radical Funding Strategies for Day Schools
Publication Date: January 2001
Publisher(s): Jewish Education Service of North America
Author(s): Yosef I. Abramowitz
Keywords: Day schools; Jewish Organizations; Government Agencies; Fundraising and Philanthropy
The author suggests two "radical" funding strategies to meet the great and growing needs of Jewish day schools. First, floating local bonds in those states that support such non-profit endeavors. Second, in communities or states that do not have the bond option, Jewish schools should come together and borrow against and/or from growing federation endowments at a favorable interest rate. In 20-30 years, when these bonds become due, the author asserts, there will be more than enough money in the community to pay them off since day school education will become far more the norm and will reap the benefits of its positive effect on a whole new generation.
In Agenda: Jewish Education, ed. By Arthur Vernon, no. 14, Summer 2001, p. 15-16.