April 16, 2007
IRVINE, CA — The non-profit JAMS Foundation announced today that JAMS Mediator Hon. Daniel Weinstein (Ret.) will donate $1 million to the organization over a four-year period beginning in 2007. The Foundation is the largest private provider of exclusively alternative dispute resolution (ADR) related grants in the world, having provided more than $1.2 million in grant funding since its inception in 2002. This is the largest personal ADR related gift in recent years and is the first donation to the Foundation of its kind.
"I am pleased to contribute to the Foundation’s worthwhile mission, and I am excited about the opportunity to make pioneering conflict resolution projects a reality.
"We are enormously grateful to Judge Weinstein for his commitment to dispute resolution worldwide and for his generosity. His gift serves as an inspirational model for others within JAMS to make the Foundation their charitable priority" said Jay Folberg, Executive Director of the JAMS Foundation.
The $1 million donation will be disbursed to the Foundation in $250,000 increments over a four-year period. The money will be used fully to fund grants and will not be used as an endowment. During these four years, Judge Weinstein, who was instrumental in creating the JAMS Foundation, will continue to serve on the Foundation’s Board of Directors.
"Judge Weinstein’s donation will enhance the standing of the Foundation by elevating and broadening the overall impact of its work. This is another example of JAMS neutrals leading the ADR community into new territory" said Steve Price, JAMS president and CEO.