The ORAH Fund tops $1.62 million
The ORAH Fund has announced its latest and largest round of donations to date, totalling $430,075 for the six months to 30 June 2021.
This announcement follows a fantastic 12 month period of performance for the fund, generating a return of over 30% to investors all while contributing more than $781,000 in donations to its charities.
Since its inception, just four years ago, the ORAH Fund has now generated in excess of $1.62million in charitable donations – a terrific result due not only to the high-calibre expertise and generosity of the underlying fund managers but the goodwill and support of the community who have allocated a portion of their investments into the ORAH Fund.
Commenting on the announcement, ORAH Fund Co-founder and Director Carole Pillemer said, “We see ORAH as an asset belonging to the Jewish community, and one which has the potential to generate millions of dollars for charity each year. One of our underlying philosophies is that of ‘Tikkun Olam’ – that we all have a part to play in healing the world, and believe that ORAH is a great vehicle to realise this philosophy. However, in order to enable ORAH’s full potential, all we need is for more members of the community to invest a portion of their portfolios into a high calibre fund-of-funds made up of an exceptional group of underlying fund managers.
“From funding children from third world countries to get life-saving surgery, to building bomb shelters in the South of Israel, to helping Friendship Circle Bakery become a reality in Sydney it is clear that with the support of the community, we can make a positive and material change for those in need.”
The ORAH Fund is unique because investors do not actually make the donations, nor are investment returns affected by the donations made by the ORAH Fund. Donations are generated by the underlying fund managers who manage the portfolio.
ORAH’s fund managers include Centennial Asset Management Level 18 Fund, Hyperion Global Growth Companies Fund, L1 Capital Australian Equities Fund, L1 Capital Long Short Fund, Macquarie Professional Series Global Equity Fund, Pengana Australian Equities Fund, Pengana Global Small Companies Fund, Pengana Harding Loevner International Fund, Pengana Alpha Israel Fund, Wentworth Williamson, and Yarra Australian Equities Fund.
To date, more than 50 charitable organisations including JCA, Jewish House, Hatzolah, Magen David Adom and many others have benefitted from the ORAH Fund’s donations.
Rabbi Mendel Kastel, Chief Executive of Jewish House said, “JH Kids is very excited to be a recipient of an ORAH Fund Grant in their latest round. This grant will help expand our offering to school-aged children, providing support to them and their parents, to help them through therapy and other challenges they may face.
We have been very impressed by the commitment of Carole and her team to make these grants available. We at Jewish House have benefitted on a number of occasions and we are truly grateful to them.
I have also had the opportunity to sit with investors in the ORAH Fund who have been very happy, not only because of its successful performance but the benefits provided to the community as well.”
