PowerPoint - Partnership for Excellence in Jewish Education

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How do you inspire Jewish children to
embrace Judaism?
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How do you light the flame and keep it
burning?
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Sinai Akiba answered these timeless
questions in 1968 when it opened a
Solomon Schechter Conservative
Jewish day school.
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Admissions soared when Akiba
Academy merged with Sinai Temple,
the largest conservative synagogue
west of the Mississippi.
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“Together, school
and synagogue,
we are a
remarkable
institution, one
of learning, of
growth, of
goodness – all
blessed by the
voices of our
children, and by
the presence of
God.”
- Rabbi David
Wolpe
The relationship between the shul and
the school continues to benefit both
communities.
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School Accreditations
Sinai’s unique way of offering
traditional Jewish studies combined
with an excellent secular program
caused its reputation to grow.
• California Association of Independent Schools
• Western Association of Schools and Colleges
• Solomon Schechter Day School Network
• Los Angeles Bureau of Jewish Education
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Forty-four years after its founding, 540
elementary and middle school students
from pre-kindergarten through eighth
grade are taking advantage of our
nurturing and academically-rich
programs.
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We have seen our students grow into
committed, knowledgeable, Jewish
leaders and pass the torch of Judaism
to their own families. When we look for
role models among our alumni, the
Cosgrove family immediately comes to
mind. The four men on the left are all
Akiba graduates as is the woman we
are identifying on the right. All of their
children are attending Jewish day
schools.
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But today, many young families cannot
afford to send their own children to
Jewish day school. That is why the BJE,
PEJE, the AVI CHAI Foundation and
several local community partners have
joined to launch Generations LA.
Seven Participating
Schools
– Sinai Akiba Academy
– Adat Ari El Labowe Family Day School
– Cheder Menachem
We, at Sinai Akiba, are grateful that our
local Jewish organizations are
addressing one of the most critical
problems facing our community today.
– Heschel Day School
– Harkham Hillel Hebrew Academy
– The Rabbi Jacob Pressman Academy
of Temple Beth Am
– Valley Beth Shalom
Harold M. Schulweis Day School
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We were chosen because we have a
strong infrastructure. We are solid
enough today to prepare for our longterm needs tomorrow.
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PERCENTAGE OF STUDENTS RECEIVING TUITION
ASSISTANCE
27%
24%
15%
13%
11%
11%
11%
11%
12%
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Phillips Exeter
Academy has
a $1 billion
endowment.
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• Harvard-Westlake has a
$45 million endowment.
• Marlborough has a
$35 million
endowment—
the largest per student
among California
independent schools.
28%
We want you to understand the
severity of this problem. In the last ten
years, notice that the number of
students receiving tuition assistance at
Sinai has more than doubled. And we
expect this figure to continue to
increase.
We are not alone. Private schools
across the country are experiencing this
same challenge. But many older
schools are more prepared to meet the
demand because they have built large
endowments. For example, Phillips
Exeter enjoys an endowment of one
billion dollars.
In California, several private high
schools have accumulated large enough
endowments to offer many students
financial aid.
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Average Endowment Per
School by Region (2006)
New England
$35,845,262
Midwest
$20,079,284
East (NY & NJ)
$20,077,633
Middle Atlantic
$16,458,784
Southwest
$16,177,694
Southeast
$9,833,636
West
$8,731,914
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10-Year Goal: $24 Million
Current
Endowment:
$8.2 million
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How does an endowment work?
Here is the breakdown of some average
school endowments by region. You can
see that the west is lagging far behind.
We have only just begun to build our
endowment and because of the
challenging economic times, we are in a
hurry to catch up. Our current
endowment is $8.2 million and we are
shooting to greatly grow this number
over time.
Many people don’t understand what an
endowment is, how it works or why it is
different than other funds.
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A gift to an endowment is
a gift that never stops giving…
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Gift of $20 million in 1885…
$16.5 Billion Today
An endowment is a large sum of
invested money. The money donated to
an endowment is usually not available
for use. Only the interest earned from
the endowment is available. This
interest income provides a steady,
reliable stream of income. At Sinai
Akiba, we plan to use this income to
provide more tuition assistance. What
makes an endowment unique is its
permanence. Decades after an
endowment is created, the basic fund is
still intact and still supporting its
designated cause. A gift to an
endowment is a gift that never stops
giving.
Take Stanford University, for example.
Leland Stanford started Stanford
University in 1885 with a gift of $20
million. That $20 million is still there.
Stanford’s endowment today is valued
at $16.5 billion in 2011 and more than
100 years later, it continues to support
Mr. Stanford’s dream. In fact this
endowment covered 22% of the
University’s operating expenses in 2011
of which 23% went to financial aid.
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Akiba Endowment Goals
$30
Million
$1.5 million annually
10-Year
Goal
Right now we are setting goals for own
endowment. Our three-year goal is to
raise at least $4,000 for every student
enrolled in our school.
Top 25% nationally
3-Year
Goal
$4000 per student
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10-Year Goal
$24
MILLION
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Incentives
• Matching Funds
• Tuition Assistance
Grants
• Professional Training for
Staff and Lay Leaders
• A Community
Partnership for Los
Angeles Day Schools
Our ten-year goal is to triple our
endowment bringing it to over $24
million. That could give us close to $1
million of interest income each year,
enough to provide substantial financial
assistance.
Generations LA is offering matching
funds and tuition assistance grants to
member schools, giving donors an
added incentive to contribute.
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Our partnership with Generations LA
will serve as a blueprint for Jewish
schools across the country. Because not
only in L.A. but across the narion,
hardworking, successful parents who
value Jewish education are simply
being priced out of the market.
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That is why the foundation of the late
Betty Matoff has made the first gift to
our Generations campaign. Betty
supported financial assistance at Sinai
Akiba for many years and her family
chose to perpetuate her legacy by
making the first gift to this program.
The financial problem facing Jewish day
schools is urgent. Right now young
families are deciding where to enroll
their children.
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Ways to Contribute
• Outright gifts of cash or securities
• Bequests - gifts as part of your estate plan
• Gifts of Insurance
• Gifts that provide lifetime income:
Charitable Remainder Trusts
Charitable Gift Annuities
If you want to help, there are many
ways to contribute to Sinai Akiba’s
endowment fund.
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There are many reasons to contribute.
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There are many ways to honor loved
ones who valued Jewish education
through your donation.
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Pioneering this effort to sustain Jewish
day schools across the country is
appropriate for Sinai Akiba – long
considered one of the preeminent day
schools in the country.
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For 44 years Sinai Akiba has been
producing ethical, compassionate, welleducated Jewish leaders. Our alumni
are doctors, lawyers, rabbis, teachers,
financial consultants and Jewish
community professionals. You name a
field and we have alumni at the top of
it. They know how to maintain their
Jewish identity whether they are
working within or outside of our
community.
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Our students are viewed as leaders.
Acceptance rates to the most select
high schools are exceptional, and our
students are well prepared. In the last
15 years, 10 of the valedictorians at
Milken were Sinai Akiba students. They
are represented at the most prestigious
colleges and graduate schools
throughout the United States and
Israel.
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Take a look at last year’s graduating
seniors and where this one class is
attending college. Our placement to
high schools was also impressive.
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Our graduates stand up for Israel and
actively advocate on campuses and
beyond. They are leaders in their local
communities.
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Meet Sammy Schatz and Jonathan Etra.
Both Akiba grads who addressed
13,000 people at the AIPAC policy
conference in Washington, DC.
Sammy Schatz ’05
AIPAC Campus Liaison
Princeton University
Jonathan Etra ’07
AIPAC Campus Activist
Young Judea
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Jewish day schools keep the flame of
Judaism alive.
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Help us be here for your children and
grandchildren. Help us continue
keeping Jewish children connected to
their Judaism.
Mission Statement
Sinai Akiba Academy offers an outstanding
general and Judaic education that develops the
mind, heart and soul. We engage students in the
joy and discipline of learning, introducing
students to a life of personal growth, sensitivity,
responsibility and intellectual inquiry, shaped by
Jewish practices and informed by a respect for
diversity of thought.
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Generations Committee
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Andrei Iancu, Generations Chair
Lora Silverman, SAA Committee
Chair
Jonathan Anschell
Gaby Cosgrove
Abbe Goldman
Behzad Kianmahd
Alice Lainer
Gary Lainer
Jamie Resin
Deborah Rubin
Pam and Randy Schoenberg
Michael Soroudi
Janet Rosenblum, Development
Director
Rabbi Laurence Scheindlin,
Headmaster
Janet Levine, Generations Coach
To learn more, contact
Janet Rosenblum:
(310) 481-3285
[email protected]