Foundation Fiscal Year End Report
FISCAL YEAR: JULY 1, 2022 – JUNE 30, 2023
The Foundation ended its year with $176,681,844 in net assets, represented by $99 million in unrestricted funds, $53 million in Board Designated funds for resident financial assistance and future capital expenditures, and $23 million in temporarily restricted funds.
The Jewish Home and Care Center Foundation provided over $8.7 million in grants this year to Ovation Communities for operating cash, capital expenditures to upgrade and improve buildings, educational programming, community outreach efforts, and targeted underwriting of residents’ care, services and activities.
Adult Day Services
Ovation Communities Adult Day Services is supported by the Jewish Home and Care Center Foundation, Inc. and grants from the Milwaukee Jewish Federation and the Greater Milwaukee Foundation’s ELM II Fund.
The Gene and Ruth Posner and Martin F. Stein Intergenerational Funds of the Jewish Home and Care Center Foundation made a variety of intergenerational interactions possible this year:
- Bader Hillel High School girls division visited twice a month to do evening and Sunday activities with residents including game nights, Jewish holiday crafts and spa treatments.
- Milwaukee Jewish Day School (MJDS) came on Purim Day to deliver Mishloach Manot to every resident of Ovation Jewish Home and Chai Point.
- Danceworks, in conjunction with the Victory School, visited monthly to conduct various music, poetry and dance activities with Ovation Chai Point residents.
- In collaboration with Teen Ovation, the Foundation hosted a group of 12 Israeli high school teens from Mekif Tet High School in Rishon L’Zion for a week of volunteer activities at Ovation.
- In partnership with Teen Ovation, the Foundation inaugurated two new initiatives: Standing Ovation Teen Talent Competition and the Israeli al fresco breakfast at Doctors Park with Ovation residents.
The Foundation leads a large group of volunteers including Board members, Hand in Hand, volunteers who do hands-on activities with residents, the Teen Ovation Board, Next-Gen Ovation, resident volunteers, staff volunteers, and university student volunteers.
“My relationship with Gerald is a friendship. He is a friend much older than me, but our relationship is no different. I chose to do friendly visits because I thought it would be fun to meet someone at Ovation one-on-one. I learned that anyone can be a friend.”
-Alex Magana, youth volunteer and MJDS student
“I feel honored to spend time with Alex and Matan. I enjoy them learning with me, and they enjoy being with me. I hope this relationship continues in the future.”
-Gerald Gersten, Ovation Chai Point resident and intergenerational visit program participant
“I have enjoyed being here and talking, not only with other volunteers, but with residents as well. To hear stories and learn how people are connected is really special and makes it an encouraging place for me to volunteer.”
-Joan Rosenau, friendly visitor, gift shop volunteer and volunteer for various Jewish Home activities