The organization announced Wednesday that it signed a contract last month to sell its two-floor condo in midtown Manhattan for $15.9 million. Proceeds from the sale of the Second Avenue property will go toward paying down its debt, renting new office space and establishing a foundation to fund ongoing programs, United Synagogue said.
BALTIMORE — At their biennial convention, Conservative Jewish leaders called for renewing the “vital religious center” of American Judaism in the wake of numerous studies showing their movement is shrinking.
United Synagogue hopes to balance budget in two years through cuts, fundraising and membership hike.
The congregational arm of the Conservative movement ran a cumulative budget deficit of more than $5 million over the past two years, JTA has learned, renewing longstanding concerns for the future of one of the movement's key institutional pillars.