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Jewish Community News
News: February 2006
Campus Capital Campaign kicks into last lap!
The Jewish Federation of Silicon Valley has announced that only $2 million
of the original $24.75 million price tag of the Gloria and Ken Levy Family
Campus remains to be raised. “This is an unbelievable accomplishment,”
said Federation CEO Jyl Jurman. “We can thank every dedicated community
member who contributed to this amazing feat.”
The Federation successfully raised these funds from major donations from
Gloria and Ken Levy, Eli Reinhard and his children, the Wolff Family Found-ation
and the Koret Foundation. Coupled with a tremendous generosity from other
community members the campaign has been propelled this far.
In addition to raising the $2 million, the Federation needs donors to
expedite the reduction of their outstanding pledges and convert them to
cash payments. Every dollar paid towards bank loans reduces the cost of
the building by reducing the debt service.
At the Federation’s annual dinner, Federation President Steve Greenberg
commented, “The faster we pay down this debt, the smaller the ultimate
price tag will be for this building.”
To reinvigorate efforts, a matching $100,000 grant was announced from
Campus benefactor, Eli Reinhard. The Federation has already received pledges
totaling $21,000 towards the match with some outstanding pledges yet to
be announced. At the recent annual dinner, Greenberg also disclosed that
discussion has begun with campus agencies to roll all the campus capital
needs into this last ‘lap’ of the campaign.
The Federation has an initial agreement with the Addison-Penzak Jewish Community Center and is still in discussion with Yavneh Day School and Jewish Family Services. Judy Levin, past Federation president and chair of the Federation’s Capital Campaign notes, “while this would impact the total for this phase of the Campus Capital Campaign, it would simplify this phase for our donors. We would be thrilled to pay off all the capital debt and allow Federation and the campus agencies to get back to its primary missions of community building and Tikkun Olam (repairing the world).”
To make a pledge or donation (cash or stock) to the Gloria and Ken Levy
Family Campus, please contact Arielle Hendel, Jewish Federation campaign
director at (408) 357-7501 or arielle@jvalley.org.
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