For every dollar it receives in donations and funding, Jewish Community Services generates an annual total economic impact of $32.47, according to a Washington Economics Group study.
The research, commissioned by JCS, the largest nonprofit Jewish social service agency in South Florida, details how the group’s operation benefits many organizations through partnerships with funding agencies, community groups and local leaders. It was the first time that JCS quantified the impact of its work by commissioning a consulting firm. The total annual impact of JCS programs, using donation and funding dollars, amounts to $434 milllion.
“Our programs bridging the gap between those who are struggling and those who are self-sufficient have a very positive economic and social impact on South Florida,” said Fred Stock, JCS President and CEO. “A dollar invested in JCS today pays dividends for years to come in countless ways, such as moving people from dependency and taxpayer assistance to gainful employment; enabling seniors to continue to live at home rather than in government-subsidized healthcare facilities; building support networks that alleviate the economic and social consequences of addiction and violence; and providing kosher food and other assistance so that families can resume their productive place in society.”
The report was made public Thursday at JCS’ 15th annual meeting at Temple Israel of Greater Miami. Each year, the agency helps more than 25,000 people of all ages, religions and ethnicities through referrals and related programs.