SIDNEY AND ARTHUR EDER

CREATED A LEGACY FOR THE ORGANIZATIONS WHICH WERE IMPORTANT TO THEM SIDNEY AND ARTHUR EDER FOUNDATION

 

Sidney and Arthur Eder, founders of Eder Brothers, Inc., a wholesale liquor distributor, worked together and gave together. In 1954, they established the Sidney and Arthur Eder Foundation, Inc. to support charitable organizations in Stamford and New Haven where they lived, respectively, with their families. In early 1980, they involved Sidney’s son, Andrew, and Arthur’s daughter, Jill, in the activities of their Foundation.  

Sidney died in 1985 and Arthur in 2006. Andy and Jill wanted to make sure that their fathers’ legacies would continue and be honored.  They worked with the Jewish Foundation of Greater New Haven to establish designated endowment funds at the Jewish Foundation that would be funded through the Sidney and Arthur Eder Foundation. These endowment funds are designated for the following organizations

  • The Anti-Defamation League of Connecticut’s education-related programs , including Confronting Anti-Semitism and  the A World of Difference Institute
  • Juvenile Diabetes Research  Foundation International  
  • The Arts Council of Greater New Haven for the New Haven Clay and Paint Club’s annual juried exhibition, something Arthur had consistently supported for over 30 years
  • PACE (Perpetual Annual Campaign Endowment) to benefit the Jewish Federation of Greater New Haven Annual Campaign. Funds will help to support the Jewish community in Greater New Haven, as well as Jewish communities in need in Eastern Europe, the Balkans, North Africa, India, Latin America, the former Soviet Union and  Israel 

Each of these funds will continue in perpetuity and will be managed and invested through the Jewish Foundation of Greater New Haven.

 “Closing the Sidney and Arthur Eder Foundation, and transferring the assets to the Jewish Foundation made sense,” said Andy Eder. “The monies that my father and uncle donated will continue to support the organizations which were most important to them over many years.  Both Jill and I have confidence in the Jewish Foundation managing and administering these endowments. This will insure that the legacy started by Sidney and Arthur continues. Furthermore, It also reduces the administrative and legal costs that would have been incurred if our family foundation continued as a separate entity “

The Jewish community was of particular importance to both brothers.  Sidney was a past President of The Jewish Federation of Greenwich and was one of the founders of The Jewish Home for the Elderly in Fairfield.  When he retired to Palm Beach, he continued working in both the Jewish community and the arts community there.  Arthur, along with his friends Pat Goodwin and Sam Glazer, was one of the founders of the Jewish Foundation of Greater New Haven.  During his lifetime, Arthur established funds at the Foundation for the benefit of Congregation Mishkan Israel in Hamden, and the Jewish Community Center in Woodbridge.  He served on many committees for the benefit of the community.

“Jill and I know that this is what they would have wanted,” stated Andy.  “We are honored to continue to support those organizations that were so important to them. We both learned a tremendous amount from our fathers and only hope that we can continue to carry on their good works. We could not be more proud of their generosity and their accomplishments.”

GIFT TO JEWISH FOUNDATION FEATURED IN THE WALL STREET JOURNAL | 05-JUL-2012

By Melanie Grayce West

In the decades after World War II, brothers Sidney and Arthur Eder together built a wholesale liquor business in Connecticut and a philanthropic legacy. Both live on today in the form of a family business and in grants from the Jewish Foundation of Greater New Haven.


Sidney Eder entered the liquor business shortly after the repeal of Prohibition. In the late 1940s, he bought out his partners and brought in his brother, Arthur. Sidney maintained the warehouse in Greenwich, Conn., and Arthur a warehouse in New Haven. The business continues today under Sidney’s son, Andrew Eder, 63 years old and president of Eder Brothers.

 

The two worked hard to build a successful business and, in 1954, established an independent foundation to support causes in Stamford and New Haven. Generally, says Mr. Eder, Jewish causes were top priorities for his father and uncle, including the Anti-Defamation League and the Jewish Federation of Greater New Haven. The two also supported the Juvenile Diabetes Research Foundation, various scholarships and hospitals.


But each man made smaller donations as well. Arthur Eder, for example, sent a few hundred dollars every year to the Arts Council of Greater New Haven to support a prize at the New Haven Paint & Clay Club. Mr. Eder says that he discovered over time that both men helped people directly in a way that was never made public. Some institutions received anonymous gifts.


“Every once in a while someone says, ‘You can’t believe what your father did for me,'” says Mr. Eder. “They were just really good people at helping others. They had a very public face to that and a very private face.”


Like many children, Mr. Eder and his cousin, Jill Eder (Arthur’s daughter), were left with a philanthropic legacy and a foundation to carry forward. Sidney died in 1986 and Arthur in 2006. Mr. Eder says that he and his cousin, who have their own philanthropic interests, wanted a way to take the assets of their fathers’ foundation and preserve “the things that were most important to them.”


Last year, the cousins gave $4.5 million to the Jewish Foundation of Greater New Haven to create an endowment to their fathers. It was a move to preserve the assets of their family foundation and acknowledge Arthur Eder’s work to found the foundation in New Haven. Recently, the Eder endowment awarded roughly $163,000 in grants to support the federation’s work, the Anti-Defamation League of Connecticut and the Juvenile Diabetes Research Foundation International.


Also on the list of recipients: the New Haven Paint & Clay Club. The brothers gave a tiny gift for almost 40 years, said Mr. Eder, and he didn’t feel it appropriate to second guess the contribution. However, he did increase the gift amount.

 

“I said, ‘This is ridiculous!’ It’s been $200 dollars forever and we increased it to $300,” says Mr. Eder with a laugh. “You would have thought we’d given them $10 million bucks.”

Type of Fund/Area of Need: PACE and LOJE Funds for the Jewish Federation

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The Jewish Foundation can help you explore charitable opportunities that work for you. 

The Jewish Foundation is a trusted and expert resource for charitable gift planning and endowments and serves as a partner and resource for synagogues, local Jewish agencies, professional advisors and donors.

When you make a current gift or leave a bequest to the Jewish Foundation of Greater New Haven, you not only benefit our community, but you can also support the causes that are important to you.  You can designate that your gift be used to provide unrestricted funds to help meet community needs now and in the future or to endow a permanent fund to aid identified programs, your synagogue, agencies, organizations, or initiatives (Jewish or not Jewish, in Greater New Haven, Israel or beyond) that are of particular interest to you and your family.

Lisa Stanger, Esq., Executive Director
Tiberius Halai, Grants and Gift Manager
Beth Kupcho, Scholarship and Philanthropy Manager
Stephanie Licsak, Controller

Jewish Foundation of Greater New Haven
360 Amity Road
Woodbridge, CT 06525
203-387-2424, ext. 382
203-387-1818 (fax)
lstanger@jewishnewhaven.org
Jewishnewhaven.org

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DESIGNATED/ RESTRICTED FUNDS FOR SYNAGOGUES, AGENCIES AND OTHER ORGANIZATIONS 

With the Jewish Foundation, you can establish a named Restricted/Designated Fund for your synagogue, for Jewish education, for the needy, for Israel, for the arts, or for any charitable program or organization that is important to you.

These funds can be established in honor of a family member, or in memory of loved ones, and will provide annual distributions, in perpetuity, to the designated organization(s). The Jewish Foundation will make annual distributions to the designated charitable organization and, in the fund agreement,  you can provide for a contingent beneficiary organization should the designated organization cease to exist, lose its tax-exempt status or substantially alter its mission.  Restricted/Designated Funds can be established with a minimum gift of $10,000.

PACE (PERPETUAL ANNUAL CAMPAIGN ENDOWMENT) AND LOJE (LION OF JUDAH ENDOWMENT)  

ENDOWING YOUR JEWISH FEDERATION ANNUAL CAMPAIGN GIFT Designated/Restricted Funds for the benefit of the Jewish Federation’s Annual Campaign are called “PACE” (Perpetual Annual Campaign Endowment) or “LOJE” (Lion of Judah Endowment).

A PACE fund is a designated/restricted fund which endows a donor’s UJA-Federation annual campaign gift. A LOJE fund is a type of PACE fund which provides a permanent endowment to perpetuate a woman’s annual Lion of Judah campaign gift.

PACE and LOJE funds allow our community, through permanent endowment funds dedicated to the Jewish Federation Annual Campaign, to insure that we have funds available that will continue to provide for vital programs and services both in Greater New Haven, in Israel and overseas… for present and future generations.

A named PACE fund can be established with a minimum commitment of $10,000 or a LOJE fund with a minimum commitment of $100,000. Commitments of under $10,000 are pooled together in the Jewish Foundation of Greater New Haven’s Community PACE Fund.

DONOR ADVISED/PHILANTHROPIC FUNDS  

DONOR ADVISED/PHILANTHROPIC FUNDS For individuals and families seeking active involvement in philanthropy, a Philanthropic Fund (also called a donor-advised fund) allows the donor to create a named fund that provides flexibility in charitable giving. A Philanthropic Fund allows the donor to recommend distributions to any qualified tax-exempt organization-think of it as a charitable checking account. The Foundation administers the fund, invests the assets, and the donor receives quarterly statements describing their fund’s activity. These funds are a wonderful way to involve the family in giving---the donor and his/her family can sit around the dinner table and decide to which charitable organizations they want their fund to distribute. These funds can be established with a minimum gift of $10,000.

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YOUTH PHILANTHROPY AND BUILD A TZEDAKAH FUNDS  

The Foundation administers and promotes the Build a Tzedakah program which enables young adults to establish their own Foundation endowment fund and also, in conjunction with the Center for Jewish Life and Learning, includes local programs, classes and projects on philanthropy.

The Build-a-Tzedakah program allows young adults to engage in charitable giving by contributing $600 from their Bar or Bat Mitzvah gifts, with a match of $400 from a community donor. With this, the young adult now has a $1000 named charitable fund at the Jewish Foundation—they, or others, can add to the fund at anytime and in honor of special occasions- and, every December (Hannukah time), they will be given the opportunity to choose to which charity(ies) they want to make a distribution (distributions are based on the Jewish Foundation’s spending policy and must follow IRS regulations which include that they must be charitable and can only be made to US based public charities).

OVER THE PAST TEN YEARS, BUILD A TZEDAKAH FUNDS HAVE DISTRIBUTED OVER $40,000 TO MORE THAN 60 ORGANIZATIONS!

As part of its Build a Tzedakah program, the Jewish Foundation of Greater New Haven held a Pop-up Jewish teen giving circle. The teens, part of JTE (Jewish Teen Education) program, invited local organizations to present concerning funding needs. The program included discussion of philanthropic values, why people give, and how to give. The Jewish Foundation provided monies to the teens for their allocation process. The teens awarded the following grants: IRIS (Integrated Refugee & Immigrant Services) for a teen civil rights travel program this summer; Jewish Family Service of Greater New Haven for their Stars of David program providing post-adoption social support to adopted Jewish teens; JCC of Greater New Haven for their Makerspace.

UNRESTRICTED FUNDS  

Individuals or families can establish a named Unrestricted Fund at the Jewish Foundation with a minimum donation of $1,000. Unrestricted Funds allow the Foundation to meet the changing needs of the Jewish community through our grants process and community initiatives. Many community members have established such funds in honor of a special anniversary or birthday, or in memory of a loved one.

FUND MANAGEMENT AND INVESTMENT OF SYNAGOGUE, AGENCY AND ORGANIZATION CUSTODIAL ACCOUNTS  

The Foundation’s professional staff and its centrality to the Jewish Federation insure continuous, permanent, and secure fund management and enhance donor confidence and prestige. In addition, placing endowment assets with the Jewish Foundation can serve to insulate financial management of an organization’s endowment from the vicissitudes that can occur through the organization’s own corporate governance. Many local Jewish organizations have entrusted endowments to the Jewish Foundation for administration and management--these include: The Jewish Cemetery Association of Greater New Haven, Congregation Beth Israel (Wallingford), Beth Israel (Orchard Street Shul)Cemetery Assocation, Congregation Mishkan Israel, Congregation Beth El-Keser Israel, Temple Beth David, Ezra Academy, the JCC, Jewish Family Service, Congregation Beth Shalom Rodfe Zedek, Congregation Or Shalom, Congregation B’nai Jacob and Temple Beth Tikvah.