# The Associated: Jewish Community Federation of Baltimore

The Associated: Jewish Community Federation of Baltimore is an Endowment / Foundation based in Baltimore, United States.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** Baltimore, United States
- **Region:** North America
- **Address:** 5700 Park Heights Ave, Baltimore, Maryland, United States
- **Founded:** 1920
- **Assets under management:** 800 (Altss estimate)
- **Website:** associated.org
- **LinkedIn:** https://www.linkedin.com/company/theassociated

## Regulatory record

- **Reports private funds:** No

## About

The Associated was founded in 1920 as a central fundraising and planning body for Baltimore's Jewish agencies. It operates without a single-family wealth source and instead pools contributions from thousands of donors into the Jewish Community Investment Fund. The fund deploys capital across private equity, venture capital, and long-only equity strategies. Confirmed holdings include limited partner interests in Greenspring Global Partners VII, Camden Partners Strategic Fund IV, and Tiger Global Private Investment Partners XI. Geographic exposure centers on the United States and Israel through the Maryland/Israel Development Center partnership. The portfolio also maintains direct ownership of multiple community campuses and the Jewish Museum of Maryland collection. The organization employs 137 staff and maintains its headquarters at 5700 Park Heights Avenue. In January 2024 Andrew Cushnir succeeded Marc B. Terrill as President and CEO. Adjacent vehicles include the Jewish Women's Giving Foundation, established in 2003, and the Baltimore Jewish Eldercare Foundation. Service providers comprise Fund Evaluation Group for investment advice and Wilmington Trust for custody. Governance separates investment decisions from program allocation through an Investment Management Committee chaired by Kim Golden. Title to real estate used by member agencies is held by Associated Jewish Charities of Baltimore, creating a distinct ownership layer between the endowment and operating entities.

## Sectors

- Financial Services
- Healthcare

## People

- Andrew Cushnir — President and CEO
- Yehuda Neuberger — Chair of the Board
- Kim Golden — Chair of the Investment Management Committee

## Questions

### Who runs investment decisions at The Associated?

Kim Golden chairs the Investment Management Committee. Day-to-day oversight is provided by Fund Evaluation Group, engaged since 2013.

### How does The Associated source proprietary deal flow?

Deal access occurs primarily through the Maryland/Israel Development Center and existing limited partner relationships with Greenspring and Tiger Global.

### Does The Associated participate in fund commitments or only direct deals?

The Jewish Community Investment Fund holds limited partner interests in multiple venture and private equity funds and maintains no disclosed direct company ownership.

### What investment stages does The Associated typically target?

The portfolio includes early-stage venture through Greenspring and Tiger Global vehicles as well as buyout and growth capital via Camden Partners.

### Where does the underlying capital come from?

Capital originates from annual campaign contributions and donor-advised funds rather than a single family or corporate endowment.

### How is The Associated related to its member agencies?

Associated Jewish Charities of Baltimore holds title to properties used by 27 member agencies while program funding flows through separate grant allocations.

## Related profiles

- [Sustainable Impact](https://altss.com/profile/sustainable-impact)
- [The Fisher Group](https://altss.com/profile/the-fisher-group)

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

Canonical page: https://altss.com/profile/the-associated-jewish-community-federation-of-baltimore

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