This is another shoe dropping in the financial crisis that hits the Jewish community as hard as it hits anywhere else. Here's how CAJE described their undoing:
For the past several years CAJE faced significant financial challenges.
These challenges were first brought to the attention of CAJE membership in
July/August 2007. Three principal factors explain the dramatic deterioration of
our financial condition:
1. Significant fall-off in school funding for professional development and related philanthropy over a number of years.
2. Slow response to changes in environment.
3. Loss of focus on the bottom line.
CAJE’s past debts, the troubled economy and the need to cancel this year’s
conference as a result, have all contributed to the decision to close CAJE’s
doors. Significant fall-off in school funding for professional development and
related philanthropy. Prior to 2001, CAJE had a stable membership of
approximately 4,000 educators and administrators and could count on a solid
annual conference attendance. With the stock market decline, the 9/11 attacks,
and subsequent economic decline, many Jewish organizations, CAJE included, noted
a significant drop in professional development funding.... Though the last
two years saw the beginning of a reversal in the membership and conference
attendance trends, the financial impact of the 2002-2006 years was
substantial.
read the full article here.
It's a shame. In order for a Jewish organization to learn and later grow from the hard times it needs to survive. CAJE has not and it is a loss. Their signoff article certainly shows great insight into what they did right and how they were punished for wrongs The solutions are much easier in hindsight and it's very difficult hold back in flush times. Bob G.
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