Rachel Rosenfeld opened up a school in Cambodia. Danny Schwartz donated kitchens to six Ethiopian families in Israel. And Becky Weinberg organized “Becky’s Closet,” donating princess-like dresses to needy bat mitzvah girls in Canarsie, Brooklyn.
The common denominator? All three are New York Jews under the age of 18.
Leaders of Jewish foundations and nonprofits are bracing for slashes in available funding this week as global and domestic markets tumble and fears of a recession loom. And some are already starting to feel the pinch as anxiety mounts among philanthropists and leaders of the groups they fund.
On Tuesday, the development director for an Israeli nonprofit with solid roots among American donors said two of his organization’s funders had just informed him that money they committed to give in the first quarter of the year would be pushed back to the fourth quarter.