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Jewish Community Foundation Establishes Impact Investing Pool

Elliot Feuerstein

A San Diego, CA-based real estate developer, Elliot Feuerstein has successfully recruited many large tenants, including Target, Wells Fargo, Walgreens, and McDonald’s. In addition to overseeing four shopping center developments, Elliot Feuerstein is an active member of several non-profit boards, including the Board of the Jewish Community Foundation (JCF) of San Diego, CA.

Recently, the JCF of San Diego announced that it is establishing a Social Impact Investing Pool to invest the money of synagogue members in a way that reflects their social and environmental values. Social impact investing specifically aims to support for-profit companies that offer sustainable development solutions or aim to solve other social problems. For instance, some social impact funds support entrepreneurial startups that advance education, health care, and technology services.
Jewish investors, particularly young ones, are being more thoughtful about where they put their money and demanding to see their investments support socially responsible companies and organizations, says JCF CEO Beth Sirull. Currently, the JCF’s donor-advised fund has more than $300 million in assets. In 2017, the it awarded over $100 million in grants.

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