Fund Options

The following opportunities can help ensure that the community you helped shape during your lifetime will have the financial resources for generations to come. The Foundation offers a number of fund choices:

Donor Advised Funds
Endowment Funds
Annual Campaign Endowments/PACE and LOJE
Designated Funds
Field of Interest Funds

Donor Advised Funds

Some funds in the Foundation are donor-advised philanthropic funds. These funds are established with a donation to the Foundation, often with appreciated stock or by year-end donation of cash to take advantage of charitable deductions from current income tax. Subsequently, the donor recommends distributions from the fund to qualified charities recognized by the IRS. This allows the donor to take advantage of a making one donation, such as the transfer of appreciated stock, receiving a tax deduction for the full value of the appreciated stock, and then making multiple smaller distributions from the proceeds of that transfer at later dates. A donor can name a child or children as successor Trustees, to encourage children to continue the tradition of philanthropy.

Endowment Funds

Many of the funds in the Foundation are endowment funds. With endowment funds the principal remains in perpetuity, and a designated percentage (called "total return") is paid out each year to the specified organization or for the specified purpose.

Many of the organizations in our community have unrestricted endowments, from which the income can be used by the organizations however it is needed. The Durham-Chapel Hill Jewish Federation's unrestricted endowment is the Federation Community Endowment Fund, from which the leaders of successive generations of the Jewish Federation will have a stream of revenue to help meet the needs their community. Beth El Synagogue and Judea Reform Congregation also currently have unrestricted endowment funds.

Some funds are restricted endowments. That is, the income from the endowments is used only for specified programs or services. An example of a restricted endowment is the Earl and Gladys Siegel Young Adults Award Fund. The income from this Fund is designated to be used to send an outstanding young leader in our community to a Young Adults conference or to otherwise support a recognized young leader. Another example of a restricted endowment is the Fuchs Scholarship Fund of the Lerner Jewish Community Day School of Durham-Chapel Hill. This Fund provides scholarship aid for students at the Day School.

There are some funds in the Foundation that are quasi-endowment funds, rather than endowment funds. With these funds the amount of money that is used each year need not correspond to the total return amount, and principal from the fund can be distributed. For example, the Sara and E.J. Evans Israel Experience Scholarship Program Fund is a quasi-endowment. Scholarships for programs in Israel are awarded based on the number of qualified applicants, rather on the income from the Fund.

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Annual Campaign Endowments/PACE and LOJE

The Durham-Chapel Hill Jewish Federation Annual Campaign alone cannot secure the future of the Jewish community. Your PACE or LOJE fund can. These funds will continue to make an annual campaign gift in perpetuity on your behalf.

A Perpetual Annual Campaign Endowment (PACE) is a permanent fund of your federation established in your name. This restricted fund, created to endow your gift to the Durham-Chapel Hill Jewish Federation Annual Campaign, allows your lifelong investment in your community to continue, providing help when and where it is needed ­ indefinitely. Click here to learn more about a Perpetual Annual Campaign Endowment.

The Lion of Judah Endowment, or LOJE, is the endowment component of the Lion of Judah Major Gifts program. It is a powerful statement of your commitment to tzedakah, providing a legacy for family and community. Click here to learn more about The Lion of Judah Endowment.

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Designated Funds

Designated funds are endowments that are established to benefit a specific named organization, and so the income from the fund is paid out to that organization each year. The Marcus Family Fund for NC Hillel is an example of a designated fund.

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Field of Interest Funds

A field of interest fund is an endowment that is established to promote a type of program or service. The Singer-Becker Fund for Elder Care is a field of interest fund.

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