# Jewish Federation of Cleveland

Jewish Federation of Cleveland is an Endowment / Foundation based in Cleveland, United States.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** Cleveland, United States
- **Region:** North America
- **Address:** 25701 Science Park Drive, Beachwood, OH 44122, United States
- **Founded:** 1907
- **Assets under management:** Undisclosed
- **Website:** jewishcleveland.org
- **LinkedIn:** https://www.linkedin.com/company/jewish-federation-of-cleveland

## Regulatory record

- **Reports private funds:** No

## About

Founded in 1907, the Federation was built to pool Cleveland's Jewish philanthropy into a vehicle that could fund community services and backstop institutions at a scale no single donor could achieve. Erika B. Rudin-Luria serves as President, and Jeffrey Wild, a partner at Benesch, acts as Board Chair. The organization operates out of the Jack, Joseph and Morton Mandel Building in Beachwood, Ohio. The investment portfolio divides across three lanes. In fixed income, Treasury and agency bonds form the core defensive allocation. The alternatives sleeve runs through buyout funds, hedge fund commitments, and an offshore portfolio held in the Cayman Islands and Bermuda. Real estate is the heaviest direct exposure: properties include the Mandel Building itself, the Jewish Community Housing portfolio, the Hebrew Shelter Home, and roughly 50 residential sites across Northeast Ohio. The Mandel family, through the Mandel Supporting Foundation, has deep ties to the Federation as major donors and co-investors. The Federation's governance separates the operating budget from the endowment. The Finance and Investment Committee, led by Wheeler, oversees asset allocation and manager selection. The organization belongs to the Jewish Federations of North America, the national umbrella, and maintains an internal Professional Advisory Council of legal and financial advisors. No public disclosure on total investable assets or deployment figures exists. The structural differentiator is its hybrid posture: part endowed foundation, part direct real estate operator. Unlike most community foundations that outsource property exposure entirely to third-party managers, the Federation retains direct ownership and operational control over residential and commercial assets in its own geographic footprint. This blurs the line between grantmaker and operating company, and makes the real estate book both an investment allocation and a programmatic asset tied to community housing goals.

## Sectors

- Real Estate
- Hedge Funds
- Government Bonds

## People

- Erika B. Rudin-Luria — President
- Jeffrey Wild — Board Chair
- Morris Wheeler — Chairman of the Finance and Investment Committee

## Questions

### Who runs investment decisions at the Jewish Federation of Cleveland?

Morris Wheeler chairs the Finance and Investment Committee. Erika B. Rudin-Luria, the organization's President, and Jeffrey Wild, the Board Chair and a partner at law firm Benesch, form the senior leadership. Day-to-day manager selection and asset allocation fall under Wheeler's committee.

### Is the Federation's investment portfolio limited to traditional endowment assets?

No. Alongside government bonds and buyout fund commitments, the Federation holds direct real estate assets including the Jack, Joseph and Morton Mandel Building, Jewish Community Housing sites, and roughly 50 residential properties in Northeast Ohio. It also maintains a hedge fund allocation and an offshore portfolio in the Cayman Islands and Bermuda.

### Does the Jewish Federation of Cleveland co-invest alongside external partners?

The Federation has deep ties to the Mandel family and the Mandel Supporting Foundation, which function as major donors and co-investors in shared real estate and philanthropic initiatives. It does not publicly operate an open co-investment platform for outside institutional LPs.

### How is the Federation related to the Jewish Federations of North America?

The Jewish Federation of Cleveland is a member federation within JFNA, the national umbrella organization. JFNA provides coordination and shared services across nearly 150 independent community Federations, but the Cleveland entity controls its own endowment and investment decisions locally.

### What real estate does the Federation directly own?

The Federation's directly held real estate includes its headquarters at 25701 Science Park Drive in Beachwood, Ohio, the Hebrew Shelter Home in Cleveland, the Jewish Community Housing portfolio, and approximately 50 residential sites spread across Northeast Ohio. These are operational assets, not just passive holdings.

## Related profiles

- [Illinois State Treasury](https://altss.com/profile/illinois-state-treasury)
- [University of Maine Foundation](https://altss.com/profile/university-of-maine-foundation)

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Last updated: 2026-06-03T20:00:00.000Z

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