Jewish Journal Saved by $800,000 in Charitable Contributions
L.A. Times media critic James Rainey has a nice piece on the Jewish Journal of Greater Los Angeles, which just had its tuchas saved by $800,000 worth of charitable donations, after enduring layoffs and 20% staff salary cuts.
More from Rainey:
The money came from four philanthropists — Westfield mall Chief Executive Peter Lowy, Internet executive and venture capitalist Art Bilger, cooking oil maker and long-time Journal board member Irwin Field and a fourth, anonymous, donor.
On a $4-million annual operating budget, the contributions will “give it a very stable foundation and allow us to grow all these parts of the operation,” said Lowy, who said he expects advertising to cover more than 90% of the expenses in future years with ongoing fundraising to cover the rest.
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
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