# Jewish Federation of Greater Indianapolis

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

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** Indianapolis, United States
- **Region:** North America
- **Address:** 6705 Hoover Road, Indianapolis, IN 46260
- **Founded:** 1904
- **Assets under management:** between $50M and $100M (Altss estimate)
- **Website:** jewishindianapolis.org
- **LinkedIn:** https://www.linkedin.com/company/jfgindy

## Regulatory record

- **Reports private funds:** No

## About

Founded in 1904 with Gustave A. Efroymson as its first president, the Jewish Federation of Greater Indianapolis (JFGI) anchors Indiana's Jewish philanthropic infrastructure. The organization raises and deploys more than $4 million each year to sustain agencies, synagogues, and community programs locally, in Israel, and worldwide. Major patron families — including the Maurers, the Glicks, the Simons, and the Klappers — drive its grantmaking and capital campaigns, embedding multi-generational wealth into the Federation's governance. The Federation's balance sheet extends beyond grantmaking into direct real-asset ownership, a structural feature uncommon among peer community foundations. JFGI controls a contiguous campus on Hoover Road anchored by the Jewish Community Center (JCC), Hooverwood Living (a senior-care facility), the Hasten Hebrew Academy of Indianapolis (HHAI), and the Center for Jewish Engagement and Learning. The endowment portfolio is managed externally through Commonfund, providing global diversification across public equities, fixed income, and alternatives. While the Federation's grantmaking touches Israel, Europe, and other diaspora communities, its physical investments remain concentrated in Marion County, Indiana. In September 2023, JFGI announced the launch of a $5 million campus security campaign to harden facilities across the Hoover Road complex, reflecting a broader national JFNA security push. The Federation operates through the Jewish Community Foundation of Greater Indianapolis, which holds donor-advised funds, the Lion of Judah Endowment (LOJE), and the Perpetual Annual Campaign Endowment (PACE). Professional staff size remains small; the investment committee relies on members of its Professional Advisors Group — a network of Indiana attorneys, accountants, and wealth managers who advise on charitable planning and portfolio oversight. JFGI's structural advantage lies in its dual identity: a grantmaking community foundation that is also a significant real-estate operator. Owning the physical infrastructure that houses its core agencies — rather than merely funding them — gives it uncommon asset density for an organization of its size and creates a lasting concentration of Jewish communal life on a single campus.

## Sectors

- Community Development
- Real Estate
- Healthcare Services
- Education

## People

- Marc Swatez — Chief Executive Officer
- Danette Alles — Chief Financial Officer
- Gustave A. Efroymson — First President

## Questions

### How is JFGI's endowment invested?

The endowment is outsourced to Commonfund, an institutional asset manager serving nonprofits and endowments. Through Commonfund, JFGI gains exposure to a globally diversified portfolio spanning public equities, fixed income, private capital, and natural resources. The Federation itself does not run an internal investment team, relying instead on a volunteer investment committee supported by members of its Professional Advisors Group.

### Does JFGI own real estate directly, or is it solely a grantmaker?

JFGI is a significant direct real-estate owner. It controls the Jewish Community Campus on Hoover Road, which includes the JCC, Hooverwood Living senior care, the Hasten Hebrew Academy, and the Center for Jewish Engagement and Learning building. It also holds expansion land and manages Jewish cemeteries across Indiana. This makes it an unusual hybrid of community foundation and real-asset operator.

### What is the relationship between JFGI and the Jewish Federations of North America?

JFGI is one of 146 independent federations within the Jewish Federations of North America (JFNA) network. JFNA provides national coordination, security guidance, and collective fundraising mechanisms, but JFGI retains full local control over its endowment, campus assets, and grant allocations.

## Related profiles

- [Indiana Historical Society](https://altss.com/profile/indiana-historical-society)
- [Nasher Sculpture Center](https://altss.com/profile/nasher-sculpture-center)

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

Canonical page: https://altss.com/profile/jewish-federation-of-greater-indianapolis-inc

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology