NET WORTH: Unknown
SOURCE OF WEALTH: Barrack, Rodos & Bacine
JEWISH FUNDING AREAS: Community, Education, Religious
OVERVIEW: Leonard Barrack and family move their philanthropy through the Barrack Foundation, a low-profile vehicle with a minimal web presence. Barrack's support of the Jewish community strongly involves the Philadelphia area. Education is a top priority and the family funds a local Jewish day school. In a recently reported tax year, under $750,000 went out the door.
BACKGROUND: A Philadelphia native, Leonard Barrack graduated from Temple University in 1965 with a B.S. and received a J.D. from Temple School of Law in 1968. He is the senior and founding partner of Barrack, Rodos & Bacine, a law practice established in 1976 that litigates securities and antitrust class actions and commercial litigation.
ISSUES: Leonard Barrack and his wife Lynne are strong supporters of their alma mater Temple University in Philadelphia. The family's commitment to education touches Jewish institutions, too. As Barrack once put it: “My parents immigrated to the U.S. in 1923, and they placed profound value in education as a means to achieving the American dream." Last decade, the Barrack Foundation gave a $5 million gift mainly to support scholarships at a Jewish day school in the Philadelphia area. The school was renamed the Jack M. Barrack Hebrew Academy in memory Barrack's late brother. Barrack continues to support the academy via their foundation. Other education grantees have included American Israel Education Foundation, Perelman Jewish Day School, and Hillel of Greater Philadelphia.
Barrack also supports various Jewish community organizations via his foundation. The Jewish Federation of Greater Philadelphia is a major grantee, and a recipient of millions. Barrack has served as president of the organization. Other grantees have included Jewish Community Center of Atlantic County, RAJE Philadelphia, Milton & Betty Katz JCC, and the Abramson Center for Jewish Life.
The Barrack Foundation's grantees have also included Jewish religious institutions like Temple Beth David, Congregation Beth Solomon, Har Zion Temple, and Germantown Jewish Centre.
LOOKING FORWARD: Expect Barrack's steady support of the Jewish community, mainly in Philadelphia, to continue.
The Barrack Foundation does not provide a clear avenue of contact but below is an address:
930 Rock Creek Rd.