Boston - As Wall Street Bonuses Set Record, N.Y. Federation Hopes to Cash In

Boston - As Wall Street Bonuses Set Record, N.Y. Federation Hopes to Cash In: "As Wall Street Bonuses Set Record, N.Y. Federation Hopes to Cash In

By Jacob Berkman

NEW YORK, Dec. 18 (JTA) -- While most Jewish federations struggle to pool $10 million per year, the UJA-Federation of New York took in some $21.5 million in a single night.

Far from the world of Super Sunday phone-athons, with volunteers cold-calling strangers for small donations, the New York federation pulled out the stops at the New York Hilton on Dec. 6 as some 1,200 bankers met for drinks, hors d'oeuvres and a night of card playing.

On the dais for an hourlong presentation between drinks and cards were the power brokers of Wall Street, including the president of Goldman Sachs, the chairmen of Bear Stearns and Offit Hall Capital, and the managing director of Lehman Brothers."