Orah Fund reaches major milestone
The Orah Fund reached a major milestone recently after its latest round of half-yearly donations brought the total up to just over $2 million since its inception in 2017.
THE Orah Fund reached a major milestone recently after its latest round of half-yearly donations brought the total up to just over $2 million since its inception in 2017.
Jewish charities were the big winners, with Jewish House pledging to use the generous donation for JH Kids to create a sensory room to teach children the skills to become calmer, emotionally regulated and better prepared for learning and interacting with others.
The Orah Fund, founded by Russell and Carole Pillemer, is a vehicle used by investors that generates donations through giving 100 per cent of the fund management fees to charity.
These are charities run by Jewish people that benefit both the Jewish community and community at large, both locally and overseas.
It provides investors with a compelling investment offering, managed by a select group of specialist underlying fund managers, who donate 100 per cent of the management fees they would usually charge. Importantly, ORAH donations do not dilute investor returns.
The Orah Fund’s mission is to create a substantial and growing long-term annuity stream for Jewish charities via the “ownership” of investment management fees in a compelling investment solution.
There are zero costs associated with the Orah Fund – all work done for the fund is on a pro bono volunteer basis – and it provides full transparency to Orah Fund investors regarding fees earned and allocations made. All funds go through a strict application process and all donations are considered and approved by two allocations boards.
To date the Orah Fund has supported 96 different charities and programs across New South Wales, Victoria and Israel.
NSW-based charities to benefit from the latest round of donations include Jewish House, JCA, Community Health Services, Maccabi, Courage to Care and Friendship Circle.
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.
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