Rabbi Lieblich: Create An Endowment Fund Of $100,000,000 Over The Next 10 Years

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When a father says that half of his salary goes to tuition: THAT’S A CRISIS.

When a rebbe, a father of 5 kids receives a salary of $42,000 a year and he is 3 months behind in pay: THAT’S A CRISIS.

When a child is not accepted into school because his parents can’t afford tuition: THAT’S A CRISIS. 

When a father is working 2 jobs, and the mother is working full time with 9 kids: THAT’S A CRISIS.

When parents are thinking not to have a large family because of tuition: THAT’S A CRISIS.

When a child is sent home from school because his parent’s check bounced: THAT’S A CRISIS.

When mothers wish they can be home with their newborns but have no choice and must work: THAT’S A CRISIS.

Rabbi Moshe Lieblich, Principal of HaMesivta – ULY, tells Matzav.com that he has a solution to the most critical crisis facing our community today.

“The issue of rising costs of tuition is a problem we all face; parents are doing their best to provide for their families, often taking second and third jobs, they want to have a large family and they want to be able to be there for their kids,” Lieblich says.
“However, by the time they come home from work they are completely drained and don’t have the energy to give their kids the attention they need.”
Still, parents cannot fully blame the schools, Lieblich says. “They want the best education for our children and they want to attract the best teachers, but they are under tremendous pressure to meet payroll at the end of the month,” he says.

Lieblich laid out a plan to end this crisis. He opened an organization called the “Jewish Education Scholarship Fund.”
His plan is to create an endowment fund of $100,000,000 over the next 10 years. The money raised will then be invested accordingly and only the interest accumulated will be used to help the families in need.

The money that is raised will stay in the account for generations to come, only the interest and dividends that are acquired from the investments would be used. There will be at least 2 firms representing the Jewish Education Scholarship Fund. With the help of the two firms the money raised will be appropriated efficiently and conservatively to make sure it is not lost.

Lieblich says, “Based on history we are expecting a return average of 4-5% a year; that would mean 4 to 5 million a year.”

He invited the entire community to come together to solve this problem. He asked for every family to give at least $10 a month and if they can give more then please give more. Although $10 may seem to not be of great value, indeed it is and for a few reasons. Firstly the small amounts do add up to very large numbers after a projected value of 10 years. Secondly, there is a sense of achdus that the entire community is involved in one project. Thirdly, if you give a small amount every month it will keep the Jewish Education Scholarship Fund on your mind and keep you involved. With a steadily growing support system, the community has already helped raise approximately $250,000.

“We want to be the place that you can go to when you have extra maser, if your company has a matching grant we want to be the ones you call on. If you are donating and involved in the community, we believe you can help make this happen” Lieblich says.

To donate visit www.jewisheducationscholarshipfund.org.

{Matzav.com}

19 COMMENTS

  1. Which rabbonim are behind this project??
    Before I see a list of reliable names I will treat it as a scam,
    Too many times things like this have major issues with them.

  2. So you tie up $100M of money we need NOW to help us with $4M a year?! That is such a tiny drop in the bucket which will do nothing to help anyone in a meaningful way.

  3. In addition. If we have that kind of money available. Now, why not use it now and every year? Yeshivas struggle cuz its not in style to donate to yeshivas. Which appeal makes more money in shul? Shabbos Hatzolah or the yeshiva?

  4. What happens if they only collect half or even 1/10 of the projected number does that mean no help will be provided?
    If i can collect 10 billion it will be even better. We learn in Avos not to push off for later but start helping today!

  5. Sorry, that is nit math,
    $10 a month x 1000 people is $120,000, not $1,200,000
    $36 a month x 1000 people is $432,000, not $4,320,000….
    However, the plan can work with 10,000 people for each multiple.
    The next problem is, the interest of 4-5 million per year will only cover 1,000 kids $4,000-$5,000 tuition. There are much more kids.
    I do not want to splash cold water on this ch”v. However, show us a plan with correct math.
    4-5% per year interest will need the stock market. I’m OK with that, but all have to have the stomach to ride out market corrections… and very trustworthy people in charge…

  6. Sorry, that is not math,
    $10 a month x 1000 people is $120,000, not $1,200,000
    $36 a month x 1000 people is $432,000, not $4,320,000….
    However, the plan can work with 10,000 people for each multiple.
    The next problem is, the interest of 4-5 million per year will only cover 1,000 kids $4,000-$5,000 tuition. There are much more kids.
    I do not want to splash cold water on this ch”v. However, show us a plan with correct math.
    4-5% per year interest will need the stock market. I’m OK with that, but all have to have the stomach to ride out market corrections… and very trustworthy people in charge…

  7. My mistake – he meant $10 x 12 month x 10 YEARS. That does equal $1,200,000. So after 10 years of collecting the fund will be ready to go. Mashiach vet shoin kummen, but OK…

  8. i personally know rabbi leiblich – he is a very choshov and trusted person (menahel of hamesivta) who has gevm everything he has for the sake of our children’s education

  9. WAIT! I have a much better idea! And it’ll answer all the difficulties with the present plan.
    We should create a $10B fund!
    No need for thanks, guys. It’s the least I can do.
    Let me know if I can help in any other way.

  10. If only vouchers or other government aid were available to cover the secular part of yeshiva & bais yakov education it would be an enormous help for the frum community.

  11. I thought so. Matzav is in full censorship mode. Typical. Quash people’s views & opinions. That will really get you places.

  12. Indeed this is a monumental challenge. Not sure that one endowment can work across all communities and unclear how it will be distributed but it’s a start and one important cog in solving this issue which is destroying our people. Its reached a breaking point. We need to also get smarter how we spend our Tzedokah dollars. For example, if we would have put the billions that we’ve spent on kiruv over the last 30 years into an endowment for Jewish Education (across the entire Jewish spectrum) we would have had a much much better return for our investment. Ultimately, we will never be able to fully solve this with just private money, we need government funding and that might mean taking the charter route. Finally, schools need to monitored by their communities not be run as private enterprises.

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