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For Advisors

Named Endowment Funds

Endowments are permanent funds in your client's name or in the name of someone your client wishes to honor or remember. Each year the fund will produce income, and your client 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. Other assets used to create an endowment include life insurance, charitable remainder trusts, charitable gift annuities, and retirement accounts (e.g., IRAs). And, your client has the option of establishing a named endowment fund either during lifetime or through his or her estate plan.


This type of gift offers many benefits. If the donor gives during his her lifetime, he or she will receive a charitable income tax deduction; if a gift is made through his or her estate plan, it is the estate that receives a deduction.

Perhaps most important, however, is the enduring nature of a gift of a Named Endowment Fund. Your client may use the fund to honor or remember a loved one, and the fund will perpetuate the family name.

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

At a glance