Jewish Federation of Northeastern Pennsylvania

Designated Fund

A Designated Fund is an endowment that provides a permanent source of income to sustain a program, project or agency that is most important to you.

At-a-glance:

  • May be established with a variety of assets
  • Can be created with a minimum gift of $10,000.00
  • Provides annual income for organizations or special interests you wish to support
  • May be created now or through your estate plan
  • Offers tax benefits for you or your estate

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

When you create a Designated Fund with the Jewish Federation of Northeastern Pennsylvania Endowment Fund, you establish a permanent fund in your name or in the name of someone you wish to honor or remember.

You specify how a portion of the fund’s income will be used. The endowment you establish may provide permanent resources to benefit programs, projects, agencies, organizations or initiatives that are of particular interest to you and your family.

This type of gift offers many benefits. You have the option of establishing a Designated Fund either during your lifetime or through your estate plan. 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 most important, however, is the enduring nature of a gift of a Designated Fund. You may use the fund to perpetuate your family name and your Jewish values long beyond your lifetime.

An irrevocable gift of cash, appreciated securities or property can be used to establish a Fund.

Other assets you may use to create your endowment fund include life insurance, charitable remainder trusts, charitable gift annuities, and retirement accounts (e.g. IRAs).

 

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