Endowments
ENDOWMENTS provide a permanent source of income for a Jewish cause you care about most, such as the Jewish Federation’s Annual Campaign, a particular agency or even a specific field of service or specific program. Creating an endowment during your lifetime may provide an immediate tax benefit in the year the endowment is funded. Creating an endowment in your will may reduce estate taxes while enabling you to continue your support for the Jewish community far into the future.
How Do They Work?
You create an endowment with money or appreciated assets contributed during your lifetime or through a bequest in your will or a planned gift.
Examples of Endowment Funds
Legacy Funds
A Legacy Fund perpetuates a commitment in your name to the Jewish Federation’s Annual Campaign. Legacy Funds ensure the future vitality of our Jewish community both locally and overseas.
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Lion of Judah Endowment Funds
A LOJE celebrates women who have created a current fund or planned gift of $100,000 or more that will distribute income annually in support of the Jewish Federation’s Annual Campaign.
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Life Insurance
LIFE INSURANCE can be used to fund a charitable gift to the Jewish Community Foundation, permitting you to make a substantial legacy gift for a relatively modest outlay.
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Retirement Plan Assets
RETIREMENT PLAN ASSETS including corporate pension and profit-sharing plans, Keogh plans, 401(k) plans, 403(b) plans, and Individual Retirement Accounts (IRAs) may be used to create or to add to an endowment fund in the Jewish Community Foundation.
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Agency Endowment Funds
Agency and Synagogue Endowment Funds enable you or your organization to provide support to an agency or synagogue for their general operations or for a specific program.
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Centennial Fund for a Jewish Future
The Centennial Fund for a Jewish Future (CFJF) is an endowment within the Jewish Federation of Greater Pittsburgh's Jewish Community Foundation that provides immediate and ongoing funding to make quality Jewish learning and experiences available to everyone.
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Jewish Community Foundation’s Unrestricted Endowment Fund
The Unrestricted Endowment makes grants to provide seed funding for new and innovative programs, to strengthen the community and to meet unforeseen needs in the community.
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Scholarship Funds
A Scholarship Fund provides scholarships to local Jewish students enrolled in an accredited institution of higher education with the goal of providing financial support to as many deserving students in our community as possible.
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Field of Interest Funds
An Issue Fund designates money for a particular cause that you care about and want to support for the future, such as Jewish education or young Jewish adult outreach.
Read More Contact a Foundation staff member to best determine your philanthropic needs.
Sharon W. Perelman, Esq.
Director of Planned Giving & Associate Foundation Director
412-992-5224
sperelman@jfedpgh.org