An endowment with the Jewish Foundation
of Manitoba offers a lasting impact when
considering charitable giving. Your initial gift
grows over time, providing perpetual support
for community needs.
For example, a fund established with the
JFM in 2000 has generated a cumulative
distribution from the past 22 years equal
to the original gift, and the distribution will
continue. Once a fund reaches this level, it
pays for itself.
Community donors who establish a
perpetual endowment at the JFM may do
so with the confidence that their gift will
be stewarded appropriately. The annual
income earned from their endowment fund
results from best investment practices by the
Foundation’s Investment Committee. The JFM
also engages a professional investment advisor
for oversight. The result is a predictable annual
cash flow to community organizations.
"We know that there are many places where
philanthropic people can give their support,"
says Foundation CEO John Diamond. "At other
non-profits, the total amount of a person's
donation can be seen immediately in the
project they're helping to fund. Contributions
to an endowment fund are done with patience
and the knowledge that their support builds
slowly over time."
The Foundation's commitment to
distribution spans endowments of all sizes,
from $100 to $10 million, each eventually
achieving cumulative distributions equal to
their original gifts. Regardless of the amount,
every fund contributes to the community's
well-being for generations.
"One of the things that is so beautiful about
contributing to a Foundation, in any capacity
that you can, is that it will be helping for the
long term," says Diamond. "A gift made in
2023 will still generate distribution for the
community in 2033, 2043, and 2093. No
matter the size, it will still add up, always."
Endowment funds encourage a culture
of philanthropy, motivating individuals and
organizations to contribute to the betterment
of our community by supporting causes they
care about.
Establishing an endowment fund ensures
that the money people choose to invest in the
community will help organizations that need
it beyond today. It keeps philanthropy on their
minds and their family's minds year after year,
reaffirming a culture of paying forward to
future generations.