August 2, 2011
JCF receives $3.4 million medical, educational bequest
The Jewish Community Foundation (JCF) has created the Raymond and Shirley Kornfeld Endowment Fund with a $3.4 million bequest from the Kornfeld family estate. The endowment is intended to help medical and educational causes, about which the Kornfelds were passionate during their lifetime.
“The Kornfelds were both caring individuals who strongly believed in the power of education and good health care and chose to leave an enduring legacy for future generations,” JCF President and CEO Marvin Schotland said in a press release.
During their lifetimes, the Kornfelds supported numerous philanthropic and educational institutions, including the University of Pennsylvania, Jewish Free Loan Association, a nonsectarian program that distributes interest-free loans, and the Henry George School of Social Science in New York City, which offers tuition-free classes in economics.
The $3.4 million Kornfeld bequest is among the more than $700 million the JCF manages in assets for Southern Californian philanthropists.