Scottsdale's Jewish Tuition Organization names board president

The Jewish Tuition Organization, 12701 N. Scottsdale Road, announces Chad Mandelbaum as its newly elected board president. Mandelbaum will take the reins from outgoing board president Fred Wabnik, who served in the role for seven years.

“The board appreciates the many years Fred served as board president and I’m looking forward to working with the dedicated board and staff as we build on a great foundation to provide Jewish day school education to students, regardless of financial ability,” stated Mandelbaum. “There is so much potential to make a difference for our community today and for the future, and I look forward to overseeing a period of growth at the JTO.”

Mandelbaum has served on the JTO board for several years and brings a wealth of knowledge to his new role both from the Jewish day school perspective and his JTO Board experience. His professional background includes a 30-year career in commercial real estate, corporate finance, mergers and acquisitions and institutional real estate investments.

Currently serving as managing partner of Mandelbaum Properties, Mandelbaum is responsible for asset management and financial oversight of the firm. He has experience in investment sales, leasing, and development in the Phoenix market, and has held previous positions with Wheels Up, iStar Financial (a Starwood Capital portfolio company), Bear Stearns and The Blackstone Group’s real estate private equity fund.

Mandelbaum is a graduate of The Wharton School at the University of Pennsylvania with a bachelor of science degree in finance and accounting and earned a CPA certificate.

The JTO is a student tuition organization that raises funds through Arizona’s dollar-for-dollar private school tuition tax credits, both from individual taxpayers and the corporate tax credit program, to provide scholarships to children who attend Jewish day schools. This past school year the JTO awarded approximately 650 scholarships totaling more than $4.2 million.

The JTO is a nonprofit 501(c)(3) and can accept charitable donations outside of the tax credit. All support is welcome and appreciated.

Call 480-634-4926 or visit jtophoenix.org for more information.