A Promising Asset for our community – The ORAH Fund Announces Latest Half-Yearly Donations

  • The ORAH Fund has announced its latest round of half-yearly donations, bringing total donations for the financial year to over $781,000, all while delivering over 30% returns to investors for the same period.

  • Donations will be distributed to charities run by Jewish people that benefit both the Jewish community and community at large, both locally and abroad.

  • Total donations since inception now exceed AU $1.62 million

 

 

The ORAH Fund is pleased to announce its latest and largest round of donations to date, totalling $430,075 for the six months to June 30th. It follows a fantastic period of performance for the fund, which has generated over 30% returns to investors for the 12 months to end June 2021.

 

Since inception, just four years ago, the ORAH Fund has now generated charitable contributions in excess of AU $1.62 million – 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 OAM, 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.”

 

To get invested in the ORAH Fund and play your part in growing this asset for our community, potential investors can find more information at www.orahfund.com.au

 

The charities that will receive funding from this round of ORAH donations are:

New South Wales  
Friendship Circle $15,000
Hatzolah $21,685
JCA $60,000
Jconnect $20,000
Jewish House $40,000
Ohrsom Student Sydney $3,000
One and all $25,000
Shalom Institute (catchafire) $25,000
Overseas  
Australian Friends of Sheba Medical Centre $5,000
Boys Town Jerusalem $7,000
Eliya $5,000
Hadassah – Ethiopian Israeli scholarships in Health $8,000
JNF – Derech Eretz $12,000
JNF – Hagal Sheli $10,000
JNF – Sderot $25,000
JNF – Yozmot Atid $4,000
Keren Malki $6,390
Magen David Adom $10,000
Save a Heart $10,000
UIA – Aliyah $10,000
UIA – Strengthening week communities through closing the digital gap $25,000
ZDVO $7,000
Victoria  
C.Care $9,000
Chai Charitable Foundation $5,000
Friendship Circle $8,000
Hatzolah $10,500
Jewish Care $8,000
Jewish Holocaust Centre Melbourne $10,000
Melbourne Jewish Charity Fund $10,000
Ohrsom- Disengaged Students $7,500
United Jewish Education Board $8,000

 

Thanks, as ALWAYS, to our exceptional fund managers and partners who help make The ORAH Fund possible.

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.

 

Charities

The below charities (so far) have benefitted from the support of our investors and fund managers, and we look forward to supporting more incredible programs into the future

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