FOUNDATION FOR JEWISH DAY SCHOOLS OF GREATER PHILADELPHIA
Programs
Needs-Based Scholarships for Day School Students
THE FOUNDATION AWARDED $10,194,858 IN NEEDS-BASED SCHOLARSHIPS TO 830 DAY SCHOOL STUDENTS FROM LOW- AND MODERATE-INCOME HOUSEHOLDS WHO QUALIFIED FOR THE EDUCATIONAL IMPROVEMENT TAX CREDIT (EITC) PROGRAM OF THE COMMONWEALTH OF PENNSYLVANIA.CERTAIN AMOUNTS OF CONTRIBUTIONS, WITHIN ALLOWABLE LIMITS OF PROGRAM GUIDELINES, WERE SET ASIDE TO CREATE "RESERVE FUNDS" TO CREATE A SUPPLEMENTAL SOURCE FOR NEED-BASED SCHOLARSHIPS BASED ON CERTAIN TRIGGERING EVENTS, AS DEFINED: 1. A LEGISLATIVE OR GOVERNMENTAL CHANGE CREATES A NEGATIVE IMPACT ON THE PROGRAM2. UNFORESEEN CIRCUMSTANCES WHICH NEGATIVELY IMPACT THE ECONOMY, SCHOOL TUITION COLLECTIONS, ETC.3. ONCE THE TOTAL OF THE SCHOOL'S RESERVE FUNDS HAS REACHED AN AMOUNT OF OVER 50% OF THE AVERAGE OF DAY SCHOOL'S PRECEDING THREE YEARS OF EITC/OSTC CONTRIBUTIONS, THE SCHOOL MAY DISTRIBUTE FUNDS TO STUDENTS WHO ARE PENNSYLVANIA RESIDENTS ACCORDING TO EACH DAY SCHOOL'S CRITERIA FOR DETERMINING FINANCIAL NEED, OR ACCORDING TO THE STATE'S CRITERIA ALREADY FOLLOWED BY THE FOUNDATION, AT THE SCHOOL'S DISCRETION.RESERVE FUNDS, CREATED BY THESE EITC/OSTC CONTRIBUTIONS, ARE TO BE HELD AND INVESTED EITHER BY THE DAY SCHOOL OR BY THE FOUNDATION UNTIL A TRIGGERING EVENT IS MET.GeographiesNot indicatedDatesSep 1, 2022 – Aug 31, 2023Source990No causes providedNo populations provided–$10.2MNeeds-Based Scholarships for Pre-School Students
THE FOUNDATION AWARDED $770,357 IN NEEDS-BASED SCHOLARSHIPS TO 175 PRE-SCHOOL STUDENTS FROM LOW- AND MODERATE-INCOME HOUSEHOLDS WHO ATTEND PRE-SCHOOLS THAT FOSTER JEWISH IDENTITY IN THE GREATER PHILADELPHIA AREA AND WHO QUALIFY FOR THE PRE-K EDUCATIONAL IMPROVEMENT TAX CREDIT PROGRAM OF THE COMMONWEALTH OF PENNSYLVANIA.GeographiesNot indicatedDatesSep 1, 2022 – Aug 31, 2023Source990No causes providedNo populations provided–$770.4KNeeds-Based Scholarships for Low-Income Students
THE FOUNDATION AWARDED $1,870,899 IN NEEDS-BASED SCHOLARSHIPS TO 253 DAY SCHOOL STUDENTS WHO LIVE WITHIN THE CATCHMENT AREA OF ONE OF THE 15% POOREST PERFORMING SCHOOLS IN THE COMMONWEALTH OF PENNSYLVANIA AS ALLOWED UNDER THE OPPORTUNITY SCHOLARSHIP TAX CREDIT (OSTC) PROGRAM.GeographiesNot indicatedDatesSep 1, 2022 – Aug 31, 2023Source990No causes providedNo populations provided–$1.9M
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