NET WORTH: Unknown
SOURCE OF WEALTH: Meridian Capital Group
JEWISH FUNDING AREAS: Education, Israel, Religious Institutions
OVERVIEW: Ralph Herzka and his wife Judy move their philanthropy through the RZH Foundation. The couple's giving strongly focuses on the Jewish community, with an emphasis on Israel, religious institutions and schools.
BACKGROUND: A Brooklyn (Borough Park) native, Ralph Herzka is a founder, as well as chairman and CEO of Meridian Capital Group, established in 1991. Herzka was also a cofounder of Beech Street Capital. Herzka and his wife Judy are based in New York City.
FUNDING PROFILE: Ralph and Judy Herzka move their philanthropy through the RZH Foundation, an under-the-radar vehicle. The couple appear to serve as RZH's sole trustees and gave away close to $4 million in a recent year. Via their RZH Foundation the couple focuses primarily on Jewish institutions and causes both in the U.S. and Israel.
One area that seems to get strong support is educational institutions. Grantees have included Yeshiva Gedolah of Cliffwood and Yeshiva Karlin Stolin, which have received especially strong support. Other grantees include Kollel Kaminetz, Kollel International, Yeshiva Gedolah of Passaic, and American Friends of Rabinnical College of Telzstone. The couple also has strongly supported Stam Gemach.
The couple also supports religious institutions, funding congregations such as Congregation Toldos Tzvi, Congregation Zichron Refoel and Congregation Ahavas Tzedakah Vachesed. Herzka and Ralph also support outfits that work for/in Israel. They've given steady support to various outfits that work in Zichron, a neighborhood in Israel, including Zichron Yosef, Zichron Ya’akov and Zichron Menachem.
Another important grantee here is Bais Medrash Keren Shlomo. A number of grantees receive under $1,000 annually; this grantmaking is not disclosed, making the full scope of this funder's giving tough to track.
LOOKING FORWARD: Herzka is only in his 50s and is very much engaged in business but this couple should be watched for greater giving down the line.
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The RZH Foundation does not provide a clear avenue for getting in touch but below is an address:
P.O. Box 422, Bowling Green Sta.
New York City, NY 10274