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Executive Officers Appointed to Farash Foundation

Farash Foundation News Release

As it prepares to assume the full assets of its benefactors, the Max and Marian Farash Charitable Foundation has appointed executive staff to manage its operations.

Hollis S. Budd has been appointed executive director, and Isobel Goldman director of grants, effective January 1, 2011. Budd will have overall responsibility for the foundation and its investments, while Goldman will oversee its charitable giving program. Foundation staff also includes Susan Rosenbloom, office and grants manager.

Both Budd and Goldman have been serving on the foundation’s board of trustees, Budd as vice chair and Goldman as treasurer.

“In this important transition period for the foundation, it was natural to look to two professionals who are deeply knowledgeable about the foundation and its benefactors and who have essentially been serving with me as ‘managing trustees’ for our board,” said foundation board chair Nathan J. Robfogel. “Both will bring extensive knowledge, passion, and commitment to these responsibilities.”

Established in 1988, the Max and Marian Farash Charitable Foundation expects to receive upwards of $200 million in assets in 2011. It will be one of the largest foundations in upstate New York.

Max Farash, who died Feb. 28, 2010 at the age of 95, came to the U.S. from the town of Monastir, then in European Turkey, at the age of five and settled with his family in Rochester. He would eventually go on to start the Farash Corporation, which grew to be one of Western New York’s largest real estate development companies. When the foundation was created, Farash specified that half of the foundation’s gifts should go to Jewish interests or groups, with the other half going to recipients in Monroe and Ontario counties.

“Max and Marian Farash believed deeply in helping the community that gave them their livelihood, and that now sums up the mission of the foundation,” Robfogel said. “We will work to ensure that foundation gifts play a significant role in terms of this region’s needs and aspirations.”

The foundation will make half of its grants annually to Jewish causes and at least half to organizations in Monroe and Ontario counties. Grant criteria and specific procedures for applying for grants are now being developed and will be announced at a later time.

Budd is currently associate dean for M.B.A. administration and external relations at the University of Rochester’s William E. Simon Graduate School of Business Administration, where she oversees the administration of the executive M.B.A. program, non-degree executive education, student services, marketing/communications and external relations. She joined the University of Rochester in 1979 and the Simon School in 1988. After a four-year assignment as vice president of development for the university—its first female vice president—Budd returned to Simon to head up advancement and external relations in 2001. She was named associate dean in January 2004.

She is a trustee of the Consortium for Graduate Study in Management and a board member of Junior Achievement of Rochester. Her past and present board affiliations also include the Memorial Art Gallery, SUNY Geneseo Parents Council, School of the Arts, the Jewish Community Center, Jewish Family Services, Friends of Strong and Golisano Children’s Hospital, many organizations for which she continues to volunteer.

Goldman is currently the director of community relations for the Jewish Federation of Greater Rochester. Before joining the federation in 1987, she was CEO and founder of Significs, Inc. Design Studio as well as having served as creative director for Aardvark Advertising and Polo Ralph Lauren. She has been the director of the Commission on Christian Jewish Relations, founder of the Commission on Jewish Muslim Understanding, president of Rochester Interfaith Forum, founder/director of the Rochester Jewish Coalition for Literacy, and founder of the Christian Jewish Interfaith Bible Study, among other numerous community positions.

She currently sits on the boards of Brennan Goldman Institute for Catholic Jewish Understanding, the Children’s Agenda and The Crayon Project. Her past board affiliations include those of Interfaith Health Care Coalition, Interfaith Poverty Coalition, Temple Beth El, Congregation Beth Sholom, Hillel on Rochester Area Campuses, YWCA Advisory Board, and Mayor William Johnson’s Task Force on Race and Ethnicity.

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