18 August 2020
We are pleased to announce that we have recently received an $8,758 gift from The ORAH Project.
“The ORAH Project is a great supporter of communal organisations like Jewish Care and the work we do to support our community,” said Bill Appleby, CEO of Jewish Care. “We thank The ORAH Project for this generous gift which will help us to continue to provide vital supports to meet the growing and diverse needs of members of the Victorian Jewish community.”
The ORAH Project was established in 2016 to create a new revenue stream to provide funds to for-purpose organisations supporting people in need in Jewish communities.
Funds donated to organisations through The ORAH Project are collected through The ORAH Fund, a fund-of-funds consisting of ten underlying investment funds that generously donate all management fees from investments made through The ORAH Fund.
“Jewish Care’s position and services provide valuable reinforcement and safety nets to the community – so vital; especially in these unique COVID-19 times. The ORAH Project is thrilled to be able to provide additional resources to Jewish Care to expand their reach and depth,” said Nathan Cher, Chair, ORAH Allocations Board (Vic).
“The ORAH Project is an attractive investment fund from which 100% of investment management fees are donated to Jewish charities without impacting investor returns. This has allowed ORAH to provide gifts of over $600,000 to worthy organisations such as Jewish Care without ever asking for donations. This has created a sustainable asset for our community from a new revenue stream,”
For more information about the ORAH Project, visit www.theorahproject.com.au