Temple Emanu-El Endowment Fund
The Temple Emanu-El Endowment was established in 2007. The Endowment Fund invests the assets it has been entrusted with to support the mission and vision of Temple Emanu-El for present and future generations. Over the 17 years of the Endowment, the fund has grown an average of 3.3% and has provided the Temple with approximately $230,000. All of this was accomplished with only one small stock donation added to the initial $500,000.
HOW TO DONATE YOUR REQUIRED MINIMUM IRA DISTRIBUTION TO THE TEMPLE EMANU-EL ENDOWMENT FUND
At June’s Annual Meeting, Barbara spoke to you about the Endowment Committee’s goal to grow our Endowment to a million dollars. We truly believe this is an achievable goal! Having a million dollars in the Endowment would enable the Endowment Committee to give 5% or $50,000 on a yearly basis to support the ongoing success and sustainability of Temple Emanu-El.
HERE IS HOW TO MAKE THIS HAPPEN:
The check for your minimum distribution (which will include what you would have paid in income tax) must come directly from the Custodian of your IRA.
The check will be mailed directly from your Custodian to:
National Financial Services
29 Sawyer Road
Waltham, MA 02453
For Security Reasons, we cannot publish here how to make out the check. If you are generously planning on donating your Minimum Distribution, please email Barbara Senges, Chair of the Endowment Committee at professeur38@me.com.
DID YOU KNOW THAT THERE IS AN ENDOWMENT FUND INCLUDED IN THE RESTRICTED FUNDS FOR CHARITABLE DONATIONS?
As donations to this specific restricted fund grow, they will be invested in the Endowment portfolio. Your donations will help us reach our goal of $1,000,000.00!
So please remember the Endowment Fund when making your donation to the Restricted Funds. The Endowment Fund ensures the sustainability of Temple Emanu-El for the future.