In the fall of 2008, I was the executive director of a 1,000-household synagogue. We had recently finished a major sanctuary renovation, and our membership numbers were on an encouraging upward trend. Our finances were sound, and we had big plans for the year ahead. The new president of our board was writing her first Yom Kippur appeal as I was busily taking care of the last details of our High Holiday preparation.
Then, two weeks before Rosh HaShanah
, Lehman Brothers declared bankruptcy, after which the bank loan market crashed. Banks large and small suffered huge losses, and during the first week of October, the stock market experienced a sharp downward spiral. That week was was Kol Nidre, and our president ascended the bimah
(pulpit) to deliver an appeal for donations on the very day on which many in our congregation had lost a significant amount of money – money they were counting on for homes, for retirement, for food.
The president delivered a masterful appeal that evening, and even on that worst of economic days, we collected Yom Kippur
appeal monies in excess of what we had collected the previous year. The next day, on Yom Kippur, the stock market fell 700 points, sending the entire country into a recession that, some would argue, continues to this day.