COVID-19 RESPONSE: An opportunity to make an immediate difference

Use your Federation philanthropic fund to help Hebrew Free Loan make zero-interest loans to Bay Area Jewish community members in crisis. 

Together, we can quickly pool capital held in donor-advised funds and supporting foundations to make a recoverable grant* enabling Hebrew Free Loan to dramatically increase the number of loans it can make. Please act now and join other Federation philanthropists in mobilizing funds to Hebrew Free Loan. 

*Recoverable grants make funds available for a set term with the expectation that they will be returned at the end of the term.

Key Features:

  • Recoverable grants from the Federation to Hebrew Free Loan will make funds available for a set period of time with the expectation that they will be returned by the end of the term  
  • Up to $5 million will be pooled from across our nearly 1,100 DAFs and supporting foundations, with funds transferred to Hebrew Free Loan in tranches for faster distribution
  • $1.5 million in matching funds were contributed by Laura & Gary Lauder and our organization's endowment
  • 5-year recovery period with 0% interest
  • Minimum grant recommendation of $1,000, with a suggested cap of 20% of a fund's total balance to preserve capacity for other grantmaking*
  • Hebrew Free Loan will return all funds repaid by borrowers to the Federation for proportional distribution to the participating DAFs and supporting foundations at the end of 5-year term (thus no liquidity for 5 years) 
  • Any portion of loans not repaid to Hebrew Free Loan will remain a charitable grant allocated proportionally across participating DAFs and supporting foundations 
  • No additional transaction fees will be charged to the DAF or supporting foundation beyond the regular administrative fees assessed quarterly

How it works:

  1. Fill out the information below to express your interest.
  2. You will receive a full overview and terms by email.
  3. If you do not have a donor-advised fund and would like to participate in this opportunity, learn more about opening up a fund.

Questions? Contact us