Chicago, Illinois (PRWEB) May 31, 2012
In today’s economy, many schools are struggling with their budget. They are laying off employees, reducing class sizes and looking to cut corners, even if it means sacrificing quality education for students. However, Jewish schools in the Chicago area have received a big increase in their budget, thanks to the Jewish Day School Guaranty Trust Fund, according to a JUF News article. Joel Bernheim, a leader in the fathers’ rights movement, applauds the efforts of the Trust Fund.
The Jewish Federation of Metropolitan Chicago and the local day school community built the endowment fund, which will disseminate almost $1.5 million to 17 participating schools. Within the last six years, the Fund has distributed more than $9.1 million. Joel Bernheim said that despite a weakened and unpredictable economy, it is reassuring to know the Fund is committed to providing the best education to its students in the Jewish community.
“In an era which endowments, tax revenue and other sources of funding for schools has been dramatically reduced, it is encouraging to know that funds such as the Jewish Day School Guaranty Trust Fund continue to be supported by the Jewish community,” Joel Bernheim said. “It is only by promoting the education of our children that will allow future generations to have an opportunity to thrive.”
The nearly $1.5 million will be added to the $3 million the Federation gives to the schools annually. The Federation also provides administrative and organizational support, grant application assistance and more than $23 million in loan guarantees for improvements at the schools. The REACH program, which facilitates health, mental health and special services for students, was incorporated into the Federation this year.
“Despite the tremendous investment the Federation and the day school community make every year, there still is a desperate need for additional funding the schools can count on year in and year out,” said Federation President Steven Nasatir. “The innovative Day School Trust Fund, which has grown to $30 million-plus endowment, has proven itself a highly viable, reliable, perpetual response to that need.”
Joel Bernheim understands that the Jewish day school community still needs additional monies to provide for its students. He encourages the community to rally around the Jewish day schools so the system never has to feel such a harsh financial burden that unfortunately, many other schools are experiencing right now across the nation. Joel Bernheim believes that supporting the Chicago school systems is the only way children will thrive in today’s economy.
Joel Bernheim works within the asset receivables management industry. He currently serves as Executive Vice-President of Operations at the Illinois Company Asset Recovery Solutions, LLC. He is also an outspoken activist and philanthropist for fathers’ rights. His support of this movement stems from his own experiences as a single father.