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WE STAND WITH ISRAEL: Jewish Foundation of Louisville Invests in Israeli Market Index Fund

When hostilities erupted between Israel and Gaza, the Jewish Foundation of Louisville’s Investment Committee looked for a tangible way to support the Jewish State.

After careful consideration, the committee authorized Northern Trust, the company that manages the Foundation’s funds, to purchase shares in iShares MSCI Israel Capped Investable Market Index Fund (EIS) as part of the JCL portfolio for its endowment accounts, capping the purchase at two percent of the endowment’s total holdings, or approximately $250,000.

Investment Committee Chair Glenn Levine advised Northern Trust that the committee will re-evaluate this decision at a later date, at which time the group will determine if this investment should become a permanent part of the endowment’s holdings.

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