Distribution Rate Change

by Drew Unger | Dec 14, 2020
A message from Foundation CEO John Diamond.

As we approach the end of the year, we want to thank you for your commitment to the Jewish Foundation of Manitoba. Without our donors, we would not be able to do the things that are necessary to ensure our Community continues to thrive and make a lasting difference in people’s lives.  

It’s no secret that this year has been unlike any other. Each day seems to bring on new obstacles and challenges that we confront head-on, something we’ve all experienced together.   

In a normal year, the Board determines the annual distribution rate in March. As the pandemic filtered into the markets, we deferred the 2020 decision to the Fall, allowing us to watch the markets over the summer before making any decision.  

Due to current circumstances and uncertainty in the economy, The Foundation’s Board of Directors has set the 2020 distribution rate at 4.0%, retroactive to January 1, 2020, a 0.2% reduction from the previous rate. This reduction will be reflected in the 2021 distribution. 

It is the goal of the Foundation to provide consistent distribution from year to year. However, from time to time, to achieve this goal, the annual distribution requires incremental adjustment.

The pandemic has hit everyone differently, and despite the current instability in the markets, the JFM is positioned well to continue our mission, thanks to our Donors. Your generosity ensures that we have a strong and stable future ahead of us, allowing us to continue helping those in the community who need it.   

Again, thank you for both your contributions and commitment to the foundation, and if you have any questions or comments, please reach us at: (204) 477-7520.


John W. Diamond, B.A., LL.B.
Chief Executive Officer
Jewish Foundation of Manitoba