BackgroundIn October 2012, the North Peninsula Jewish Campus (NPJC) and the Wornick Jewish Day School took advantage of a one-time opportunity to purchase its 12-acre campus, previously leased from the City of Foster City. The purchase secured Jewish community ownership of the largest single Jewish land holding in the Bay Area, which today reaches over 45,000 people per year, with over 1,000,000 annual touches. It also prevented potentially significant problems related to the prior lease, including: $4M in financial penalties and higher rents; loss of land at the center of campus originally slated for a cultural arts center; and forced removal of the PJCC’s Early Childhood Education Center modular facilities by 2015, with resultant relocation and rebuilding costs.
The Critical Need for the Land Purchase CampaignTo date, the land campaign has raised over $7M from over 100 donors, including five gifts or grants of $1M and full participation from the NPJC, PJCC and Day School boards.By successfully completing the $8M campaign, the PJCC and Day School will:
- Avoid hits to their operating budgets from the financial impact of the land purchase, keeping their programs robust and thriving.
- Enable their planning to remain needs-driven and their fundraising to stay focused on a strong and thriving Jewish future, needed to attract large gifts, legacy gifts and other endowment support.
Your Campaign Gift Will be MatchedOur next crucial step in the land campaign is reaching the $8M mark. This will be achieved by raising nearly $1M in new commitments, with gifts at this stage matched 1:2 (50 cents on the dollar) by the Koret Foundation. Gifts can be paid over time (up to five years) and still qualify for the match.
We urge you to join us in this essential effort. Please contact Phoenix Feinbloom at 650-378-2621 or email@example.com for more information.