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2019–20: A BANNER YEAR FOR NEW INVESTMENTS In the last fiscal year, the Jewish Community Foundation received more than $22 million in new dollars — an amount among the highest per year in the Foundation’s history. These funds, received mostly before the coronavirus pandemic, reflect confidence in the Foundation’s portfolio and management and investors’ enthusiasm for Jewish community. HOW TO INVEST IN JEWISH COMMUNITY The Jewish Community Foundation exists to help donors achieve their charitable goals and maximize tax benefits. Consider working with the Foundation to establish a fund that will benefit your financial picture as well as Jewish life in future generations. To learn more, visit foundation.jewishpgh.org/giving-vehicles

MESSAGE TO THE COMMUNITY The Jewish Community Foundation has helped Jewish The strength of the Foundation derives from the commitment Pittsburgh plan for the future for more than 80 years. This of those who invest in our Jewish community. This year, the year, facing a pandemic crisis, the Jewish Community Foundation helped donors create 71 new funds that benefit Foundation helped our Jewish community revise those the community through tax-efficient giving. plans, moving quickly in unforeseen directions. In addition, in the last two years the Foundation has helped As of June 30, 2020, the Foundation comprised more local organizations secure $26 million in endowment than 1,462 individual funds, bringing the value of pledges through the Harold Grinspoon Foundation Foundation assets to more than $267 million. In 2019–20, LIFE & LEGACYTM program in Pittsburgh. These the Foundation received more than $22 million in new commitments will help to ensure a vibrant and thriving dollars and allocated approximately $21 million to support Pittsburgh Jewish community for generations to come. philanthropic endeavors. Please visit foundation.jewishpgh.org to explore the The Jewish Community Foundation distributed in excess Foundation’s work and investment performance in detail. of $371,000 in grants to help organizations meet emergent We invite you to learn how the Foundation can serve as a pandemic-related needs, ensuring that Pittsburgh’s vehicle for your tax-efficient giving and the wellspring for Jewish organizations could maintain essential operations. Jewish Pittsburgh present and future. In addition, the Foundation has helped keep the people inside those organizations safe, by providing funding Woody Ostrow Daniel O. Brandeis, Esq. for protective equipment and physical adjustments. Chair Director The Foundation’s prudent, successful investment Jewish Community Foundation Jewish Community Foundation strategy continues to generate returns for those who trust the Foundation to execute their charitable plans. As the economy braces for continuing pandemic fallout, the Foundation is well positioned to maintain top-tier performance. 1

ASSETS & ALLOCATIONS Assets Under Management: Asset Allocations: 267,079,671$ (assets as of (assets as of June 30, 2020) June 30, 2020) 3% 2% 6% 36% 16% 9% 28% 32% 8% 9% 9% 42% 28% Fixed Income 36% Agency/Synagogue Funds 8% Emerging Markets Equity 42% Endowment Funds* 9% International Developed Equity 16% Donor-Advised Funds 9% U.S. Mid-/Small-Cap Equity 6% Supporting Foundations 32% U.S. Large-Cap Equity 9% Alternative Investments *Consist of unrestricted funds, donor-advised funds, 3% Israel Bonds endowments, Legacy Funds and trusts. 2% Cash & Equivalents 2 Total percentage of more than 100% is the result of rounding.

DISTRIBUTIONS 2019–20 Foundation Distributions: $20,933,795 10% 31% 59% 59% Federation & Beneficiary Agencies 31% S ynagogues & Other Jewish Organizations 10% Non-Jewish Organizations 3

INVESTMENT RETURN Foundation Investment Return as of June 30, 2020* While enhancing assets is crucial to the Foundation’s strength and stability, growth alone is not the Foundation’s objective. The goal is to make a difference in the lives of needy Jews here in our community, in Israel and around the world through yearly distributions and to strengthen our Jewish community and the Jewish people. 1 Year 3 Years 5 Years Since 2.0% 5.3% 5.6% Inception 10 Years (Jan. 1988) Total Fund 7.9% 7.5% For more information about Jewish Community Foundation investment policy, specific holdings, and returns, please visit foundation.jewishpgh.org *Represents return based on recommended investment allocation. 4

PORTFOLIO MANAGEMENT The Foundation Investment Committee, a volunteer group of investment and business professionals, manages Foundation assets with input from a consulting firm (currently, BilkeyKatz). Working with the consultant, the committee has constructed a broadly diversified portfolio consisting of 70% equity resources and 30% fixed-income instruments. This ratio reflects the committee’s desire to participate in market growth while preserving principal and reducing volatility. The portfolio is structured as a long-term holding. However, the committee rebalances the portfolio when market changes cause allocations to fall outside investment-policy tolerances. The committee and consulting firm continue to monitor and adjust the portfolio as the economy adjusts to pandemic disruption. 5

PANDEMIC RELIEF The Foundation has distributed in excess of $371,000 in grants to local Jewish organizations. These and subsequent grants helped furnish: Jewish Community Foundation support helped Pittsburgh’s Jewish • Personal protective gear and other medical supplies agencies meet the sudden and unprecedented need for personal protective equipment. • Increased staffing, to handle increased demand • Technology to handle increased client demand and remote work • Replenishment of the grant pools of Jewish organizations that make loans to individuals: Jewish Assistance Fund; SOS Pittsburgh, a program of Jewish Family and Community Services; and Hebrew Free Loan • R abbis’ discretionary funds, for congregants affected by the pandemic • Emotional support for social workers serving clients at high risk of coronavirus infection Examples of grants continue. 6

• A van, so the Squirrel Hill Food Pantry of Jewish Family and • Professional development for staff in Jewish day schools, Community Services could deliver meals to the homebound part-time religious schools and pre-kindergarten programs, so educators could provide remote learning • F ood delivery and food, to meet the needs arising from and be prepared to implement new procedures after quarantine restrictions and a new level of financial need return to the classroom • V irus-killing technology for ductwork in some common areas in Jewish Association on Aging facilities The pandemic increased demand for kosher food delivery from Jewish Helping Jewish educators provide quality remote learning became a priority Association on Aging’s Mollie’s Meals. The Jewish Community Foundation in 2020. The Jewish Community Foundation helped to fund professional helped keep the meals-on-wheels agency rolling. All deliveries followed development. social-distancing and protective-equipment guidelines. 7

2019–20 IMPACT On the Foundation’s Down Under Mission to Australia in fall 2019, Foundation Scholar Rabbi Danny Schiff and other mission participants visited Mount Scopus Memorial College in Melbourne, a Jewish day school with more than 1,500 K–12 students. 8

The Jewish Community Foundation was able to provide pandemic relief as well as funding to sustain initiatives in key areas. Foundation funding comprised resources from the Foundation’s unrestricted endowment and the Centennial Fund for a Jewish Future. Human Needs • F oundation grants provided human services organizations — in Israel and the former Soviet Union — with food, medical supplies and financial support. • A $90,000 Foundation grant will help Pittsburgh’s Jewish day schools address the increase in mental health needs due to the anti-Semitic attack of Oct. 27, 2018, and the pandemic. Supported by the Jewish Community Foundation, Momentum helps Jewish Engagement Jewish mothers inspire their families’ connections to Jewish life. • O neTable Pittsburgh helps millennials create their own Shabbat experiences, in person and virtually. Through OneTable Pittsburgh, more than 1,000 young people find each other and connect to Jewish practice each year. • The core program of the nonprofit organization Momentum encourages Jewish mothers to discover their Jewish heritage; these women, in turn, inspire their families’ connections to Jewish life. • Two efforts by the Jewish Federation’s Community Relations Council — the Civil Rights Mission (rescheduled to April 2021) and the 412 Black Jewish Collaborative — are important engagement initiatives with Pittsburgh’s Black community. 9

2019–20 IMPACT Planning • As part of the Jewish Federation’s Western Pennsylvania Jewish Cemeteries Initiative, a three-year Foundation • T hrough partnership with the Harold Grinspoon grant has enabled the Jewish Cemetery & Burial Foundation’s LIFE & LEGACYTM program, Association of Greater Pittsburgh to hire its first full-time the Foundation has helped local Jewish organizations executive director and to raise funds for an endowment to secure $26 million in planned-giving commitments. that will address the needs of the more than 80 Jewish cemeteries in the region. • A Foundation-funded study, Points of Entry: Interfaith Families in Pittsburgh, provides new • A new impact-measurement study will assess the understanding about Pittsburgh’s burgeoning experiences of Jewish households during the pandemic population of interfaith couples and the strategies likely crisis, focusing on connections to Jewish life and Jewish to encourage them to explore Jewish involvement for institutions. The study will help build the resiliency of themselves and their children. Pittsburgh’s Jewish community. The study Points of Entry: Interfaith Families in Pittsburgh, funded by the Jewish Community Foundation, will guide planning for and outreach to interfaith couples. The study is 10 available at A time-ravaged wall in the Beth Abraham Cemetery, before restoration. jewishpgh.org/publications Jewish Community Foundation support of the Western Pennsylvania Cemeteries Initiative helps make repair and maintenance of Jewish cemeteries possible.

Jewish Learning the Florence Melton School of Adult Jewish Learning curriculum and a cohort of young adults began study • C ontinuing Foundation funding allowed Foundation in a Melton program. Scholar Rabbi Danny Schiff to provide a full range of classes and virtual Jewish learning experiences that • The Holocaust Center will continue to offer its new engaged many hundreds. Breaking all records, almost curriculum — Antisemitism, Hate Crimes, and Individual 1,000 people took part in an online night of Shavuot Responsibility — virtually and in person, as schools learning. This year another two-year cohort completed reopen after quarantine. Photo: Joshua Franzos At the 2019 Foundation Fall Forum, Foundation Scholar Rabbi Danny Schiff discussed the leading issues in contemporary Jewish life with author-scholar Erica Brown. 11

HAROLD GRINSPOON FOUNDATION LIFE & LEGACYTM $26 Million in Commitments From 635 Planned Gifts To 19 Jewish Organizations For the second year, the Jewish Community Foundation partnered with the Harold Grinspoon LIFE & LEGACY program to help Jewish organizations and congregations in Pittsburgh reach legacy-commitment goals. The four- year program offers resources, mentoring and incentives to participating groups. Five new organizations joined the program in 2019–20. To date, through the LIFE & LEGACY program in Pittsburgh, the Foundation has secured $26 million in planned-giving commitments. These commitments will help to ensure that valuable organizations are part of Pittsburgh’s future Jewish landscape. Marcella Apter (left) signs a ketubah to celebrate endowing her Lion of Judah commitment, through the Harold Grinspoon Foundation LIFE & LEGACY TM program, to the Jewish Federation of Greater Pittsburgh’s Community Campaign. With her is Foundation Director 12 of Planned Giving, Associate Director Sharon W. Perelman.

Harold Grinspoon Foundation No. of Legacy Commitments LIFE & LEGACY Commitments, 2018–20. 2018–19 2019–20a Organization 29 23 Beth El Congregation of the South Hills 28 26 Community Day School Congregation Beth Shalom b 14 The Friendship Circle Hillel Academy of Pittsburgh b5 Holocaust Center of Pittsburgh Jewish Association on Aging 20 18 Jewish Community Center of Greater Pittsburgh Jewish Family and Community Services 19 18 Jewish Federation of Greater Pittsburgh Jewish Residential Services 35 9 Kollel Learning Center Mikvah–Jewish Women’s League 33 10 National Council of Jewish Women Pittsburgh Section Rodef Shalom Congregation 19 4 aTotals as of June 15, 2020. Temple Emanuel of South Hills 72 8 bDid not participate in 2018–19. Temple Ohav Shalom 19 18 Temple Sinai 2 Yeshiva Schools b 2 Total commitments 1 b 11 16 12 17 35 23 21 18 243 b 31 19 392 13

LEADERSHIP Jewish Federation of Greater Pittsburgh Foundation Staff Foundation Director Chair, Board of Directors President & CEO Daniel O. Brandeis, Esq. Foundation Programs Coordinator Meryl K. Ainsman Jeffrey H. Finkelstein Director of Jan Barkley Planned Giving, Jewish Community Foundation Associate Director Foundation Accountant Sharon W. Perelman, Esq. Katie Moose Chair Professional Advisory Woody Ostrow Committee Foundation Scholar Foundation Coordinator Rabbi Danny Schiff, DHL Eric M. Probola Past Chairs Ahmie Baum, Chair Louis B. Plung Foundation Executive William C. Rudolph Foundation Investment Assistant David S. & Cynthia D. Shapira Committee Patti Dziekan H. Arnold Gesky Geoffrey Gerber, Chair Barbara S. Burstin Ahmie Baum To learn more about Karen A. Shapira (z”l) Deborah Graver the Jewish Community Foundation Charles Perlow Richard Guttman or to open a fund, please contact: K. Sidney Neuman Stuart Hoffman Edward Berman Jeffrey Markel Daniel O. Brandeis, Esq. Sharon W. Perelman, Esq. Sidney N. Busis (z”l) Philip Milch Director Director of Planned Giving, David Burstin Thomas Netzer 412.992.5220 Associate Director Alan Fellheimer Charles Porter [email protected] 412.992.5224 Leonard H. Rudolph (z”l) Philip Samson [email protected] Gilbert Schneider Stacey Seewald Gift Acceptance Committee Andrew Stewart James Wolf David Berk, Co-chair Todd Reidbord, Co-chair 14