Endowment
Creating
a substantial Endowment helps ensure The Jewish Home’s
continued ability to provide high quality programs and
services that set the standard of excellence in long-term
health care
and provide financial security in an era of eroding governmental
support and increased operational costs.
What is Endowment?
An Endowment consists of principal which is invested carefully
and never spent, and the interest it generates – some
of which is expended annually and some of which is reinvested
to grow the principal. Endowment is the capital strength of
a nonprofit institution. Because the Endowment principal is
never touched and a portion of the interest is reinvested,
it is a permanent savings account for the institution. Because
a portion of the interest is available to spend, Endowment
is a permanent source of income. A guiding policy of the Board
of the JHE Foundation is the preservation of the Endowment’s
purchasing power. A spending policy has been adopted which
guarantees that a portion of the interest earned each year
will be added back to grow the capital base.
 Complementing generous annual support, Endowment gifts
guarantee our continued ability to enhance the quality
of life and
well being for every person served by the Home. Historically,
annual
giving has provided funds for the enhancement and enrichment
of basic care that defines The Jewish Home and it will
continue to do so under the able leadership of the Women’s Auxiliary,
Men’s Club and thousands of donors to our Sustaining
Donor Program. But, on the horizon for the 21st century is
a greatly increased level of financial need for health care.
To continue to rely on annual giving alone will diminish the
Home’s ability to deliver on our commitment to excellence
and enhanced service.
How Can You Support Our Endowment?
You may support Endowment now or in the future through your
estate planning. You will be recognized as an Endowment donor
on our Wall of Honor or a member of our Millennium Society
if The Jewish Home is in your estate plans. Choose from any
of the following gift arrangements:
Outright Gifts
An outright gift of cash or appreciated securities may
be placed into a donor-designated Endowment – a fund
whose interest is expended to a specific program or purpose
as
defined by
the donor. Or, outright gifts may be placed into the Board-Designated
Endowment (unrestricted), which gives the Board of the
JHE Foundation authority to expend the interest as it determines.
 Life Income Gifts
Life income gifts allow an individual to receive enhanced
lifetime income, while receiving immediate income tax benefits
like
reduced capital gains. With a Charitable Gift Annuity,
you will receive a safe and stable income for the rest
of your
life (and the life of another person if you choose), while
securing The Jewish Home’s financial future. A gift
annuity is a simple contract between a donor and the Home
in which
the Home pays the donor a yearly sum based on the value
of the gift. With the uncertainty of a volatile economic
environment,
the inherent risks associated with the stock market, and
low interest rates, there can be no better time than now
to contemplate
an investment in a Charitable Gift Annuity with The Jewish
Home.
Naming the Home as a Beneficiary
Gifts to Endowment may also be made through a living trust,
life insurance policies, retirement plans or real estate.
Bequests Through Your Will
You may also name The Jewish Home in your will and designate
how you would like your contribution to be used.
For more information please contact The JHE Foundation
at 203-365-6407 or email jhefoundation@jhe.org.
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