Foundation Doles out $1 Million in Tough Times

A San Francisco-area foundation allotted $1 million to help those struggling in the recession.

The Koret Foundation board of directors approved the initiative to support Bay Area families and individuals who are dealing with temporary job loss or home foreclosure, Koret President Tad Taube announced Dec. 12.

The announcement follows a record package of $410,000 in Koret grants awarded to Bay Area food banks and multiservice agencies, representing a 25 percent increase over last year.

“We can’t solve the full extent of the economic challenges facing the Bay Area, but we can have an immediate and important impact by working with Bay Area food programs and Jewish Family and Children’s Services, a highly effective organization that serves both the Jewish and general communities and is able to respond quickly to the increased need,” Taube said.

Koret support will reactivate JEAN — the Jewish Emergency Assistance Network — which coordinates services among JFCS, Jewish Family Services of Silicon Valley, Jewish Family and Children’s Services of the East Bay, and community organizations and synagogues.

Over the past few months, Jewish family service agencies across the Bay Area have seen a 25 percent increase in requests for services. In the coming year, several thousand families are expected to seek help.

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