Acclaimed New York real estate investor, Jacob Frydman is grateful to be able to support the National Committee for the Furtherance of Jewish Education (NCFJE) and its charitable initiatives. The avid philanthropist is deeply involved with the foundation, working closely with its Orphan, Poor and Sick Fund, Released Time Program, and Toys for Hospitalized Children initiatives among many others.
Rabbi Yosef Yitzchok Schneerson founded NCFJE in the midst of WWII with the principle mission of providing Jewish public school students with a free Jewish education. Shortly after its conception, the institution noticed that many of the children lived in households experiencing a variety of social and economic hardships, and implemented a multitude of educational, community outreach, and humanitarian services that still provide imperative aid to New York’s citizens today. Rabbi Hannoch Hecht of the Rhinebeck Jewish Center introduced Jacob Frydman to the committee, and the businessman was immediately enthralled by their generosity, “I saw from their past work that the NCFJE has made countless positive lasting effects on individual families and the entire community.”
Created in 1941, the Released Time Program educates Jewish youth about the history, customs and prayers of Judaism, and has inspired more than a quarter million boys and girls in the greater New York area to be proud of their faith. Each Wednesday students are dismissed an hour early from school and transported to a nearby synagogue, where dedicated instructors create a welcoming religious atmosphere and teach the children about their heritage. The classes are free of charge, and are now available in over 125 public schools.
Another longstanding NCFJE charity, Toys for Hospitalized Children, distributes over 10,000 toys and gifts to hospitals, special needs facilities, and destitute children each year. In an effort to share joy with the city’s elderly as well, the 50-year project has recently expanded to servicing senior residences on an as-need basis. The Orphan, Poor and Sick Fund aids underprivileged families in accessing necessary resources through grocery and clothing vouchers, rent and utility assistance, school and camp scholarships, and weekly food disbursements.
Rabbi Hecht considers Frydman’s constant assistance with these initiatives as a sign of greater understanding, “He knows that the foundation of the Jewish community is the Jewish family, and he believes that by helping needy families we can all look forward to a stronger Jewish community as a whole.”
Jacob Frydman is a native New Yorker, real estate investor, and private equities expert. Over his 30-year career, he has structured, financed, and executed highly complex real estate transactions. He often discusses business, law, and ethics at Columbia University and in the Master’s Lecturer series at New York Law School. A passionate and vocal member of the Jewish faith, Frydman has been an active supporter of the NCFJE for many years, and assists other charitable committees including The Chabad of Dutchess County and Washington, DC-based The Brem Foundation.
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