Board Meeting Highlights

Board Meetings with Noteworthy Actions since January 2020

January 28, 2020

  • Convened first annual meeting under newly adopted bylaws
  • Formally elected the previously serving Board members for 1-3 year terms as outlined under the bylaws
  • Elected Chaim Oster, President; Charlie Saul, Vice President; Yonasan Sanford, Treasurer; and Chaya Engle, Secretary
  • Discussed an expanded future role for Rabbi Yossi Rosenblum
  • Approved a salary adjustment for Rabbi Chezky Rosenfeld
  • Elected Skip Grinberg to the Board
  • Discussed the future consideration of the Syntagma, 5-year strategic plan

 

February 25, 2020

  • Decided to hire Rabbi Rosenblum as Yeshiva’s next CEO and approved the outline of the terms for his contract
  • Approved changes to the bylaws
  • Received a fiscal update

 

March 25, 2020

  • Approved in principle the entire Syntagma, 5-year strategic plan
  • Received update on the response to the COVID-19 pandemic
  • Received a fiscal update

April 28, 2020

  • Discussed aspects of the response to the COVOD-19 pandemic including the application for a PPP loan, changes to tuition and fees, employee retention, and a letter to be sent to the community
  • Approved the Board’s committee structure
  • Authorized a loan from KeyBank
  • Approved the appointment of Chaya Engle as the Board’s Chief Compliance Officer and the major terms of her employment contract

 

May 19, 2020

  • Received brief committee updates
  • Discussed making the tuition benefit the same for all Yeshiva employees and including non-teaching shluchim in the community scholarship process (Both proposals were subsequently approved by the Revenue Committee.)
  • Added Eytan Rosenthal to the Scholarship Committee

 

June 30, 2020

  • Approved two agreements governing the fiscal separation of Yeshiva Schools and Lubavitch Center and the future cooperative relationship between the organizations
  • Approved future compensation packages for Rabbi and Mrs. Yisroel Rosenfeld

 

July 21, 2020

  • Received update on the plans for a virtual annual dinner
  • Approved the 2020-2021 budget
  • Elected Lior Shkedi and Sruli Altein to the Board

 

August 6, 2020

  • Received update on the work of the Investment Committee
  • Discussed options in collaboration with Lubavitch Center for accommodating the daily minyanim in the setting of COVID restrictions

 

September 8, 2020

  • Received a set of updates from the new CEO, Rabbi Yossi Rosenblum
  • Received brief committee updates

 

September 16, 2020

  • Discussed disagreement with Lubavitch Center over some aspects of the fiscal separation previously approved
  • Discussed collaboration with Lubavitch Center on the pursuit of a grant from the Walder Foundation

 

October 20, 2020

  • Decided to move all of Yeshiva’s endowment funds to management by Federation’s investment foundation
  • Approved parsonage awards
  • Elected Yosef Hashimi to the Board

 

November 24, 2020

  • Received a budget update
  • Approved the acquisition and renovation of a new property at 411 Greenfield Avenue in Greenfield
  • Reviewed plan for bringing parsonage payments into IRS compliance as recently clarified by Yeshiva’s treasurer, Yonasan Sanford
  • Discontinued the practice of paying the tuition of children of employees with pre-tax dollars in order to achieve IRS compliance as recently clarified by Yeshiva’s treasurer, Yonasan Sanford

 

December 22, 2020

  • Received an update on academic excellence from Rabbi Rosenblum
  • Elected Sruli Richler to the Board

 

January 13, 2021

  • Authorized Rabbi Rosenblum and Chaim Oster to negotiate and execute a purchase-and-sale agreement for the purchase of the property at 411 Greenfield Avenue at an increased amount
  • Authorized Rabbi Rosenblum and Chaim Oster to negotiate and execute a purchase-and-sale agreement for selling Yeshiva’s property at 1700 Beechwood to Chabad of Squirrel Hill at the price Yeshiva Schools paid for the property plus customary fees
  • Approved application for a second PPP loan

 

January 27, 2021

  • Conducted its annual meeting under the bylaws for the review “of general organization, the election of Directors and Officers, the designation of committees and the consideration of any other business that may properly be brought before the meeting”
  • Undertook a budget review
  • Agreed to sell, transfer, or assign B’Nai Emunoh’s building and cemeteries to its ownership

 

February 17, 2021

  • Received an update on academic excellence from Rabbi Yossi Rosenblum and Dr. Danelle Connor
  • Decided tuition rates for 2021-22 school year
  • Approved changes to the Scholarship Committee including the election of Miriam Shkedi and Adina Waren
  • Elected Izzy Rudolph and Sharon Cooper to the Board

 

March 17, 2021

  • Approved an investment policy as drafted by the Investment Committee
  • Received an update on the purchase of the property at 411 Greenfield Avenue

 

April 28, 2021

  • Received an update on the Vaad Hachinuch by Rabbi Sruli Altein
  • Approved seeking an increase in Yeshiva’s EIDL loan. The actual execution of the increased loan will need approval by the Revenue and Budget Committees.
  • Approved an Addendum under the Perpetual Cooperation Agreement and an agreement for the release of the Shapiro insurance payment. The two agreements clarified with Lubavitch Center details of the fiscal separation of the two organizations.

 

May 26, 2021

  • Received fiscal and operational updates from Rabbi Yossi Rosenblum
  • Approved seeking a line-of-credit from S&T bank to refinance its current loan with KeyBank and to finance the initial purchase and renovation of 411 Greenfield Avenue

 

July 1, 2021

  • Received an update on the purchase of 411 Greenfield Avenue
  • Agreed to budget PPP#2 as “Other Income” in the 2021-22 budget
  • Agreed to offer and subsidize healthcare insurance for full-time employees for the 2021-22 school year

 

August 1, 2021

  • Received an update on the actions taken in response to the most recent audit by Sisterson & Co. LLP
  • Approved the budget for the 2021-22 fiscal year
  • Reviewed Rabbi Rosenblum’s operational plan for the 2021-22 school year
  • Received an update on the capital campaign and the general strategy for renovating the 411 Greenfield campus
  • Authorized Rabbi Rosenblum and Chaim Oster to negotiate and execute a purchase-and-sale agreement for a house across the street from the 411 Greenfield campus
  • Discussed the end-of-year annual review of Rabbi Rosenblum