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Foundation Giving Opportunities

Named Endowment Funds

Create a permanent legacy to perpetuate your name and ideals, while securing the future of the Jewish people for generations to come.

When you create a Named Endowment Fund, you are establishing a permanent fund in your name or in the name of someone you wish to honor or remember. Each year the fund will produce income, and you can specify how the spendable portion of the fund should be used — for unrestricted use by the Jewish community or to support a specific cause such as scholarships at Jewish educational institutions; programs at Jewish Community Centers; cash grants to meet the essential needs of the Jewish poor; or rescue and resettlement efforts in Israel, the former Soviet Union and other countries around the world.

Establishing a named endowment

An irrevocable gift of cash, securities or other property can be used to establish a fund in your name. Other assets you may use to create your endowment include life insurance, charitable remainder trusts, charitable gift annuities, and retirement accounts (e.g., IRAs). And, you have the option of establishing a named endowment fund either during your lifetime or through your estate plan.

Benefits

This type of gift offers many benefits. If you give during your lifetime, you will receive a charitable income tax deduction; if you make the gift through your estate plan, it is your estate that receives a deduction.

Perhaps the most important benefit, however, is the enduring nature of a gift of a Named Endowment Fund. You may use the fund to honor or remember a loved one, and the fund will perpetuate your family name long beyond your lifetime.

The permanent legacy you create will provide a source of unrestricted funds to help meet the current critical needs of the community. Or, the endowment you establish may provide permanent resources to aid identified programs, projects, agencies, organizations, or initiatives that are of particular interest to you and your family.

At a glance