Learning more about endowment funds can benefit the community at large.
At the High Holidays, the Jewish people are called to think about the past and the future, about each individual’s place in the Jewish community and its place in each one’s life. This is a wonderful time to think about those things in the community that are meaningful to you – perhaps the day school your grandchildren attend, the food pantry where you volunteer, the life-changing trip you took to Israel – and about how you can help keep the community strong in these and so many other ways for generations to come.
Over the years, many in Greater Philadelphia’s Jewish community have chosen to do this through their estate plans. The Jewish Federation of Greater Philadelphia now manages an endowment fund of $265 million thanks to this generosity across the generations. This fund is essential to the ongoing health of the community: nearly a third of the money the Jewish Federation will grant this year to agencies and programs that most effectively address the community’s most pressing needs will come from it.
The Jewish Federation’s Department of Planned Giving and Endowments staff can expertly guide you through a wide range of options for giving. You can support the needs of the community as a whole by directing your gift to the Jewish Federation’s future Annual Campaigns or address a need important to you by specifying that your gift is in support of a particular program.
The simplest and most common way to make a planned gift is through your will. This is easy to arrange, does not affect your current lifestyle or your control of your assets, can be changed or revoked at any time as your needs and wishes change and may save you on estate taxes. No amount is too large or too small; people have left the Jewish Federation amounts ranging from a few hundred dollars to several million. You can specify a gift of a particular dollar amount or of a particular percentage of your estate.
A gift to the Jewish Federation in your will is a meaningful and long-lasting contribution to addressing the community’s most critical current and future needs. It honors you, your descendants and the community by preserving the bond among you for generations to come.
For more information about providing for the community’s future through a will or other form of planned gift, please contact Rachel A. Gross, Esq., Director of Planned Giving and Endowments at the Jewish Federation, at 215-832-0572 or [email protected]