Program areas at Foundation for Jewish Day Schools of Greater Philadelphia
The Foundation awarded $9,470,977 in needs-based scholarships to 745 Day school students from low- and moderate-income households who qualified for the educational improvement tax credit (eitc) program of the commonwealth of pennsylvania.certain amounts of contributions, within allowable limits of program guidelines, were set aside to create "reserve funds" to create a supplemental source for need-based scholarships based on certain triggering events, as defined: 1. A legislative or governmental change creates a negative impact on the program2. Unforeseen circumstances which negatively impact the economy, school tuition collections, etc.3. Once the total of the school'Schools's reserve funds has reached an amount of over 50% of the average of Day school'Schools's preceding three years of eitc/ostc contributions, the school may distribute funds to students who are Pennsylvania residents according to each Day school'Schools's criteria for determining financial need, or according to the state's criteria already followed by the Foundation, at the school'Schools's discretion.reserve funds, created by these eitc/ostc contributions, are to be held and invested either by the Day school or by the Foundation until a triggering event is met. Special note for eitc and ostc reserve fund distribution to Schools for scholarships: due to the significant fiscal impact of covid-19 on families and therefore the ability of Schools to collect tuition, the Foundation board approved the utilization of reserve funds accrued during fy 22. From these reserve funds, a total of $1,348,294 were distributed to 355 Day school students.
The Foundation awarded $2,623,030 in needs-based scholarships to 245 Day school students who live within the catchment area of one of the 15% poorest performing Schools in the commonwealth of Pennsylvania as allowed under the opportunity scholarship tax credit (ostc) program of the commonwealth of Pennsylvania. The Foundation awarded an additional $5,819 in needs-base scholarships to 1 student which met eitc eligibility requirements, and were not ostc eligible, using "contingency"* funds previously created through ostc contributions. An additional 10 students who were neither eitc nor ostc eligible received $87,546 in scholarships from remaining "contingency"* funds. (*contingency funds are the previous incarnation of reserve funds. They were originally created from ostc contributions only. With the conclusion of fy 22, this category has now been fully expended and will no longer exist. )special note for eitc and ostc reserve fund distribution to Schools for scholarships: due to the significant fiscal impact of covid-19 on families and therefore the ability of Schools to collect tuition, the Foundation board approved the utilization of reserve funds accrued during fy 22. From these reserve funds, a total of $1,348,294 were distributed to 355 Day school students.
The Foundation awarded $719,948 in needs-based scholarships to 188 pre-school students from low- and moderate-income households who attend pre-schools that foster Jewish identity in the Greater Philadelphia area and who qualify for the pre-k educational improvement tax credit program of the commonwealth of Pennsylvania.
The Foundation awarded a combined $66,087 for innovative educational program grants with public Schools to: youth symposium on the holocaust/mordechai anielewicz arts competition Philadelphia holocaust remembrance Foundation inc union of orthodox Jewish congregations of america the weitzman national museum of american Jewish history.