BT Honor Roll 2018-19

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FINANCIAL FAQs Who makes financial decisions for Beth Tfiloh? Beth Tfiloh Congregation’s Board of Directors and the School’s Board of Trustees, along with the senior professional leadership, take most seriously their fiduciary responsibilities to their respective organizations. Each of the boards function independently and have their own unique operating budgets. Both boards have their own finance committees whose main responsibilities include developing an annual budget and providing oversight of revenue streams and expenses. This ensures that the organization remains in a position of financial strength. At the same time, the committees are committed to maintaining affordability and access for all families. Why do we need philanthropy if we pay tuition and membership dues? Families who are a part of Beth Tfiloh make significant financial commitments through their payment of tuition as well as dues and High Holiday seats. Fortunately, both the School’s enrollment and Synagogue membership population are thriving. While our revenue has grown, our expenses have grown as well. These expenses cannot be covered through tuition, dues and seat revenue alone. In order to sustain our precious resources— our faculty, staff, clergy, our vast facility and stellar programming—we continue to rely on philanthropic support. This support is provided by many members of our community who believe in our mission: School parents, Synagogue members, alumni, grandparents, parents of alumni, faculty and staff, and countless others. The two major fundraising efforts that take place each year are the Annual Campaign, which provides resources for both the School and Synagogue, and the Annual Spotlight Scholarship Event, which provides resources to help fund the School’s financial aid program. How much is raised for Annual Campaign and Spotlight and how is the money used? Thanks to the generosity of the BT community, in recent years, the Annual Campaign has reached $1,000,000. Approximately 40% of the money raised supports the Synagogue and 60% supports the School. The unrestricted nature of the Annual Campaign helps to provide for the many unfunded areas within the School and Synagogue budgets. The Annual Spotlight Scholarship Event raises approximately $1,000,000 each year, providing approximately 25% of our overall financial aid budget of $4,000,000. The remaining financial aid is funded through the endowment, the annual allocation we receive from THE ASSOCIATED, and other donations. Do the School and/or Shul have endowments? Yes, the School and Synagogue each have their own endowment funds. These funds have been built up over the years by generous contributions from donors during their lifetimes, legacy gifts, and grants from foundations. The endowments are invested prudently through the Community Investment Fund at THE ASSOCIATED. Each year a 5% draw is taken from the funds and applied towards the School and Synagogue’s operating budgets. This draw has become a critical source of income for both the School and Synagogue. Take a look at Beth Tfiloh School and Synagogue Budgets u 3 Beth Tfiloh Annual Campaign
TOTAL SCHOOL BUDGET: $15 MILLION School Revenue School Expenses Tuition 76% Philanthropy 15% spotlight . . . . . . . . . . $1,000,000 Annual Campaign . . . . . $623,000 Endowment Draw . . . . .$890,000 ASSOCIATED Allocation 2% Program Income 2% Sales and Fees 5% TOTAL SYNAGOGUE BUDGET: $6 MILLION Synagogue Revenue Salary and Benefits 82% Occupany Costs 4% Programs 8% Facility and Security 6% Synagogue Expenses Dues and Seats 27% Program and 36% Camp Income Philanthropy 22% Endowment Draw . . . . .$466,000 Annual Campaign . . . . . $336,000 Other Gifts . . . . . . . . . . .$209,000 Rental Income 5% Sales and Fees 10% Salary and Benefits 71% Occupany Costs 4% Programs 19% Facility and Security 6% 2018–2019 Honor Roll 4
Page 1 and 2: BeTogether BETH TFILOH HONOR ROLL 2
Page 3: INSIDE THE HONOR ROLL Financial FAQ
Page 7 and 8: 2018-19 HIGHLIGHTS OF OUR SYNAGOGUE
Page 9 and 10: ACHARAI SOCIETY The meaning of the
Page 11 and 12: Herbert Gendason Jordan Genut Ana P
Page 13 and 14: Stella & Yuriy Benkler Alona & Jack
Page 15 and 16: Mona & Russell Kaufman Caryl Kaufma
Page 17 and 18: Orly & Ron Shalem Erin & Benzion Sh
Page 19 and 20: 50% u 82% increase in overall schoo
Page 21 and 22: Pamela Franklin* David Goldstein Sa
Page 23 and 24: Alleviation Institute LLC Alexander
Page 25 and 26: ENDOWMENTS SYNAGOGUE ENDOWMENTS The
Page 27 and 28: Searle Mitnick Thomas Moran Ron Mur

BT Honor Roll 2018-19

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