The Birthright program, for example, saw its funding from the Adelson Family Foundation cut by half in each of the past two years, with a corresponding drop in free trips for young Jews to Israel. The dip in giving has had a significant impact. More recent numbers are not yet available. The foundation had only about $6 million in reserves at the end of 2021. The foundation’s grantmaking dropped to $80 million in 2021 from $100 million the year before and $117 million in 2019, according to IRS records. But after the casino industry flat-lined early in the pandemic, Adelson donations to charitable and political causes declined.Īssets held in the family’s charitable trust dropped from more than $200 million before the pandemic to $37 million in 2021 as it distributed money to the foundation and other causes without being replenished, according to records filed with the IRS. The couple was also active in politics, supporting Republican campaigns. The Adelson Family Foundation - founded by Adelson and her late husband, Sheldon Adelson - has been a prolific giver to Jewish organizations, including Birthright Israel. ( JTA ) – The casino company controlled by Jewish megadonor Miriam Adelson is paying its shareholders dividends again, potentially paving the way to a rebound for the family’s foundation.
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