Historically, economically trying times have proven periods of spiritual renewal. According to officials at Belief.net, the recession provides people with an opportunity to "recess" from the economic doom around them and find riches in a more faith-based life. With unemployment rates at 10 percent, many jobless Americans are turning toward spirituality to cope.
The UJA Federation of New York is one of many nonprofit organizations that helps people deal with the economic downturn while also striving to give them a sense of spiritual fulfillment. More than 4.5 million people a year benefit from their work "to help Jews overcome crisis." Now, the organization might be able to help an even larger number in their community in the current economic crisis thanks to donations exceeding $19 million at the organization’s annual Wall Street Dinner.
Among the leaders in the financial industry who contributed to the nonprofit, Marc Lipschultz of Kohlberg Kravis Roberts was honored for his standout commitment to UJA Federation’s work. Henry Kravis introduced Lipshultz commending his exemplary efforts in keeping with Kohlberg Kravis Roberts’ commitment to addressing social, economic, and environmental issues through their investments.
Moreover, Marc Lipshultz said Henry Kravis has been a "tremendous role model." He said, "[Henry] clearly sees supporting the community as a part of his commitment and his life. He’s been a role model for my aspiration to be part of the community and to give back."
Another inspiration for Lipshultz’s commitment to UJA Federation is a keen understanding of the struggles of Americans, even if those at the Wall Street Dinner had been fortunate. "We live in a world at a time when many people are not so lucky," he said.
Lipschultz has been making contributions to the organization since his childhood days of attending Mount Zion temple. Now, his contributions will hopefully reach countless other temple-goers this year.