INDIVIDUAL OR FAMILY FUNDS:
Opening an individual or family fund is the primary vehicle for donors to achieve their philanthropic objectives. With a minimum contribution of $1,000 to open a fund in your name or that of a loved one, endowments are invested and then each year, a percentage is distributed to charities that you are passionate about. In this way you can make a one-time contribution and continue to benefit the causes you care about each and every year in perpetuity.
Funds can also be opened through gifts in wills, gifted insurance policies or other assets transfers that can maximize your taxable benefits.
ENDOWMENT FUNDS
B’nai Mitzvah Fund:
This type of fund promotes teen philanthropy (age 12 -18). In opening a fund, the teen becomes part of the Saul and Edna Goldfarb B’nai Mitzvah Club with over 100 members; all engaging in the practice of tzedakah.
B'Nai Mitzvah Brochure Parent Guide
Agency Fund:
An agency fund can be opened by either an individual or by the charitable organization. In opening a fund in the agency’s name, you are perpetuating the capital of that fund in perpetuity to support that specific organization.
Foundation:
Opening a foundation is a type of fund that best represents the donor and their philanthropic objectives. A foundation can be: an Endowment Fund; a Family Fund; a Memorial Fund; a Community Endowment Fund; an Anonymous Fund, etc. We encourage donors to make donations to the funds to increase the capital, which will make a positive impact in the community today, and for years to come.
To learn more about your philanthropic options, please contact Michael Reznick, Director of Development, at 613-98-4696, ext. 272 or by email at mreznick@jewishottawa.com.
