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.