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Endowment Funds make annual distributions to specific organizations or cause areas, based on the instructions you provide when you establish the fund. The percentage of the Fund distributed annually is determined by Jewish Community Foundation San Diego’s Board of Directors and is currently five percent.
In addition to enjoying significant tax advantages, an endowment fund connects future generations of your family to the causes that matter to you. Take heart knowing that your legacy will be professionally managed and that your charitable intent will be fulfilled in perpetuity.
You can establish an Endowment Fund in any amount; annual distributions will be made once the fund reaches $50,000.
Want To Learn More About Endowment Funds?
Sharleen Wollach, Executive Vice President and Chief Impact Officer
858-279-2740
An Endowment fund is a charitable vehicle where the total amount of the gift is invested and carefully managed to provide growth over time. Each year, a portion of the fund is distributed, usually without touching the principal. This fund is designed to last in perpetuity.
Example: Jane Scher and her family established the Roy Sable FIDF Legacy Endowment to honor her father on the occasion of his first yahrzeit. This living memorial took into account how important the Air Force, Israel, and education were to Roy z”l. Guided by his values, this endowment fund will have a positive impact on the lives of Israeli soldiers and their families, in perpetuity. In this way, Roy’s name and his courage, integrity, faith, love, and loyalty will live on.
Simply contact JCF to schedule a complimentary, confidential conversation. It will be our pleasure to discuss with you how to set up an endowment fund, or “forever fund,” that will carry on your name or the name of a loved one.
Traditional IRAs are great assets to use to establish an Endowment Fund. If you do not need all or part of your Required Minimum Distribution (RMD), you may wish to contribute it directly to an Endowment Fund via a Qualified Charitable Distribution (QCD). This non-taxable withdrawal from your retirement account, paid directly from the IRA to JCF, will create a meaningful legacy.
Endowment Funds are also commonly set up to be funded as part of a Legacy Plan, following one’s lifetime and funded from the estate. Honor your lifetime of giving by continuing your support for generations to come.
You can establish a personalized endowment fund at JCF to support any cause, from helping seniors to providing music education to underprivileged youth, to Holocaust education and day school scholarships–whatever cause you to want to ensure is supported in perpetuity.
You can also support existing community endowment funds that are hosted at JCF. We invite you to contribute to any of these funds. There is no minimum to participate, and every gift makes a difference. Contact Jewish Community Foundation for assistance in matching your special interests to the most appropriate fund or purpose.