In Chicago, the success of the Jewish Day School Guaranty Trust Fund has provided a bulwark against such losses for close to a decade. Formed with the goal of providing an endowment to assist a range of the community’s day schools through good and bad economic times, the fund distributed nearly $1.7 million to its network of 16 institutions in 2015. Participating schools include Joan Dachs Bais Yaakov/Yeshivas Tiferes Tzvi Academy, the Solomon Schechter Day School of Metropolitan Chicago, and Chicagoland Jewish High School.
In total, since its 2006 revamping, the fund has disbursed close to $14 million to support the quality Jewish educational programs that families need. Each year, the fund makes its distributions based on schools’ enrollment figures. Those monies represent only a part of what the community’s federation-directed Jewish United Fund provides in educational allocations, tuition assistance, personnel training, and guaranties for facilities expansion. Over the years, community leaders in Chicago have praised the creators of the fund for supporting the central Jewish value of a good education, both in secular subjects and in ethics and religious tradition.