Young Leaders Spearhead Launch of New Philanthropy Fund

SixPoints.ca, a new UJA Venture Philanthropy Fund, offers $300,000 in new funding.
By: Dan Horowitz & Suzanne Wintrob
Published: June 24th, 2011 in Business » Local
From Left: Sam Mizrahi, Jonathan Bloomberg and Noah GodfreyPic: NULL

It’s one thing to be charitable, but it’s another thing to actually get an opportunity to understand community needs and create a meaningful impact.  

That’s exactly what businessmen Jonathan Bloomberg, Noah Godfrey and Sam Mizrahi are doing. And the trio, who are chairing UJA Federation’s SixPoints Jewish Venture Philanthropy Fund, have successfully encouraged their contemporaries to join them in learning about Jewish philanthropy and making an impact on our community.   

Started this past winter, SixPoints, which recently saw the launch of its website (SixPoints.ca) featuring its request for proposals, is comprised of some of our community’s most visionary and committed young leaders, all of whom have pooled their financial resources and business planning skills to fund and support new and innovative programs that are consistent with Jewish values, especially that of tikkun olam, “repairing the world.”  

Here’s how SixPoints works.  

Each SixPoints’ member contributes an equal amount and has one vote. The Fund provides a special emphasis on incorporating business principles and ensuring the sustainability of the organizations it funds. Partners in the fund collectively identify, prioritize and fund new initiatives which can benefit from their time, commitment, abilities and insights, as well as help strategize and follow their progress.  

Once all the proposals have been submitted - July 28th is the deadline - SixPoints JVPF members evaluate the proposals and select approximately 10 applicants to make in-person presentations. The SixPoints JVPF then selects four to eight applicants with whom several Fund members will undertake an intensive due diligence process. After this stage, the Fund members vote on which proposals will be funded and the amount of each grant.  

While UJA continues to look after the Jewish community’s needs here, in Israel, and worldwide, SixPoints creates a unique opportunity to raise risk capital to be invested in innovative and compelling projects with the potential to generate a significant social return on investment.  

“This is a great opportunity to get Toronto’s best and brightest young leaders together to collaborate on something that does good for the world,” says Noah, a 34-year-old entrepreneur and father of three. This year’s JVPF chairs have more than industry experience in common. All are in their 30s, all grew up in Toronto and all are committed to the Jewish community.  

Jonathan, for example, spent his childhood watching his parents, Lawrence and Frances, immerse themselves in UJA and other philanthropic endeavours. As co-founder of the investment counseling firm BloombergSen Inc., the time felt right to follow his parents’ example.  

“I’m interested in UJA, I’ve been around it my whole life,” says Jonathan, 37. “This fund made a lot of sense to me because it’s a unique, hands-on approach to philanthropy, giving us the chance to have a direct impact and see how we’re making a difference.”  

Jonathan and his co-chairs are hard at work recruiting their friends and colleagues. Men and women between ages 30 and 45 are welcome, with each member investing $10,000.  

Noah, son of UJA long-time supporters Paul and Gina Godfrey, is particularly excited about being able to get up close and personal with his donation. “The ability to touch and feel the impact, to point to a group of people and say ‘their lives are better because we were able to help them’ - it just feels good to put a face and a story to your giving,” he says.  

Sam agrees. The 40-year-old father of two, who came to Canada from Iran in 1977, has spent his entire adult life building companies and now heads Mizrahi Developments. He had long wanted to get involved in the Jewish community but couldn’t find the right fit. When he heard about JVPF, he was hooked.  

“JVPF is a very unique type of structure,” says Sam. “It creates an entrepreneurial edge for an organization so they can be self-propelling. It’s one of many great visionary UJA projects – how to utilize the resources of donors like myself, Jonathan and Noah to sort of take it up a notch, to let us roll up our sleeves, and get involved first-hand.”

For more information about UJA Federation’s SixPoints Venture Philanthropy Fund, visit SixPoints.ca The deadline for submitting proposals is July 28th.

Related articles: Jonathan Bloomberg, SixPoints Fund, Venture Philanthropy,
0 times
Another Year, Another Bug

iPhone's alarm bug returns for the new year

Facebook Presents Location Services

Application allows users to track friends geographically.

Qnext - The Mobile Killer App

Shalom Life gets an exclusive first look at the next revolutionary iPhone application.

Warning: Nintendo 3DS Dangerous For Little Kids

Gaming console could wind up blinding your children

The iPad 2 is Here and so is Steve Jobs

Jobs surprises everyone and returns to unveil the new tablet.

New Smaller 7-Inch iPad Planned?

Are the guys at Cupertino, Apple's headquarters, planning a new iPad for us?

New iPhone OS 4.1 to Fix a Whole Lot of

Its release is highly anticipated.

RIM Shows Off New BlackBerry 6 Operating System

An overhaul to an aging operating system is well overdue.

iPhone 5 Rumors Run Wild

Bigger screen, physical keyboard, better camera and more

Top 5 Must Have Games for iPad 2

iPad 2 was released today. Here are the games you must own.

Open Window Closes Doors

Local bakery closes down after 50 years

Google Street View in Israel?

Ministerial task force appointed to investigate security risks involved with Street View

Theo's Thoughts: Take Responsibility for

The 19 year old sophomore sat on the exam table looking at the floor. A college student with obvious charm and kindness, she appeared withdrawn and shy. Covering her face

Health, Beauty & Politics: The

In 1971, researchers set up a prison in the basement of Stanford University's Psychology Department. The idea was to observe how 24 undergraduate students would behave when divided into

Laying down the law: Volunteering

So we now have officially been in Dharamsala for two weeks. Time goes by so fast! After getting over the initial sickness and getting used to the constant rain, things

From a different angle: Why

Foreign Minister Lieberman's plan to assist the Gaza Strip in becoming an independent entity has encountered wall-to-wall Palestinian opposition. The dual-headed Palestinian regime in Ramallah (Fatah) and in the Gaza

Totally Hillel: The Best Newsletter

Over the years it's become our tradition to pick 'the best of the best' travel tips our readers submitted over the last year. It's always such a hard job to

Share This Story With Your Friends!

Your Name:

Friend's Name:


Friend's E-Mail:

(This information will not be displayed publicly)

Optional Message: