The Jewish Community Foundation has received a total of $3.4 billion for charitable purposes. The foundation got the money from philanthropists Raymond Kornfeld and Shirley Kornfeld.

The contributors are long-time supporter of the foundation, which is a charitable assets manager based in California. The money will help create the Raymond and Shirley Kornfeld Endowment Fund, which will support educational and medical causes.

Click here for the release from Business Wire.