Federation’s United Jewish Endowment Fund
The United Jewish Endowment Fund (UJEF) is the planned giving and endowment arm of The Jewish Federation of Greater Washington. UJEF provides you with the opportunity to establish a legacy that will shape and improve Jewish life for generations. Gifts to UJEF can be made outright during the donor’s lifetime or through one of the planned giving vehicles. Your gift can be added to an existing endowment fund or create a new fund to support a specific field of interest, the annual campaign or unrestricted needs. UJEF allows our community to maintain a permanent, self-sustaining source of income to support existing programs of Federation and to develop new approaches to address emerging needs here and overseas.
TYPES OF GIFTS
The easiest and most common way to establish an endowment fund during your lifetime is with a gift of cash, simply write a check or use a credit card. Alternatively, giving appreciated assets can offer significant tax advantages. Donations of appreciated, publicly traded securities are the most common, tax-wise method of making non-cash charitable gifts. Securities are easily transferred, and, in most cases, easily valued for deduction purposes. The most common forms of securities gifts are shares of stock, bonds and mutual funds.
Your will is an important element in your estate plan that enables you to protect the people you love, create a lasting partnership with the United Jewish Endowment Fund and help ensure the future of the Jewish community. More information about Charitable Bequests.
Gifts of life insurance can take a variety of forms, from simply naming United Jewish Endowment Fund as a beneficiary of a new or existing policy to participating in the Key Donor Life Insurance program. If you qualify to participate in our unique Key Donor Life Insurance Program, then UJEF will share the cost of the new life insurance policy with you. You can leverage a significant endowment gift with reasonable current out of pocket expenses.
One of the most costly assets to leave to your family can be an Individual Retirement Account (IRA) or qualified retirement plan, such as a 401(k) or 403(b) plan. You can designate the United Jewish Endowment Fund as the beneficiary of a percentage or for the remainder of your retirement plan. More information about Retirement Plan Assets.
Any of the life income gifts described below will provide years of income for you or a loved one before creating an enduring legacy to benefit the Jewish community.
Charitable Gift Annuities provide you or your loved one with a guaranteed annual income stream for life before creating a permanent legacy in your name. Charitable gift annuities are straightforward and easy to set up and may offer significant tax benefits.
Charitable Remainder Trusts offer a flexible way to create a significant legacy in your name and receive income from the trust for life or for a specified term of years. Charitable Remainder Annuity Trusts (CRAT) provide you or a loved one fixed annual income based on the initial value of the trust, while Charitable Remainder Unitrusts (CRUT) offer you or a loved one variable annual income based on the annual value of the trust.
Charitable Lead Trusts are both an income—and wealth—transfer vehicle, enabling you to transfer income-producing assets to the next generation at a significantly lower tax cost, while meeting your philanthropic objectives. Charitable lead trusts provide income to the Endowment Fund for a specified term of years, and then return the assets in the trust to your loved ones.
You can build a significant endowment for the future with modest gifts now. Seed your endowment with gifts over the next few years. We will protect and invest those funds until they grow to a targeted amount or for a specific number of years. We will recognize your gift now at its future, targeted level. More information about Acorn Funds.
TYPES OF FUNDS
When you create a PACE fund, your annual gift will endure forever to carry on your charitable goals. In order to endow your annual gift into the future, an endowment should be funded with twenty times your Federation annual campaign gift.
Women who have created an endowment of $100,000 or greater are recognized as LOJE. Their endowment ensures a contribution at the Lion of Judah level ($5,000) is made to Federation’s annual campaign each year. More information about LOJE gifts.
Donor advised funds offer the opportunity to take a large income tax deduction when you choose for gifts that can reach their ultimate charitable destinations over many years. After you establish your fund, you or your family members may recommend distributions when you choose to the qualified charities you want to support. Donor Advised Philanthropic Funds give you an opportunity for active family involvement in the process of allocating resources to meet needs in the Jewish and general communities, simplifying your charitable giving and maximizing tax savings. See a comparison of benefits of a donor advised fund.
Donor Advised Funds may be established either as spending rate or principal and/or income funds. Spending rate funds are permanent endowment funds that allow you to recommend distributions from the Fund annually pursuant to the spending rate determined from time to time by the Trustees of the Endowment Fund. Principal and/or income funds allow donors to recommend distributions from the Fund out of the principal and/or income of the fund.
Supporting Foundations are independent, nonprofit charitable corporations providing a unique vehicle for family involvement in philanthropy. It is an alternative to creating a private foundation and offers access to the United Jewish Endowment Fund’s expertise in administering funds and distributing grants while still inviting donor involvement. A minimum threshold exists to establish a Supporting Foundation, please inquire.
Charities can often be at an investment disadvantage simply because of their small size. Smaller charities may be unable to access certain investment options and thus lack sufficient investment diversity to attain steady and profitable returns. UJEF can help. We help smaller Jewish agencies pool invested assets with those of other UJEF Funds.
Beginning a conversation with your client about charitable giving can be as simple as asking, “Do you have a favorite charity or charities?” If the answer to that question is “yes,” you have the valuable opportunity to show your client the role that charitable giving can play in his or her individual financial and estate plans.
The Next Gen Philanthropy Program empowers next generation funders ages 25-35 from philanthropic families across Greater Washington with the skills needed to establish a personal philanthropic identity.
Involving the next generation in family foundations, donor advised funds or other forms of family philanthropy is more important than ever. Engaging multiple generations in family conversations around philanthropic giving is an important but challenging enterprise. We offer facilitation services to guide families as they seek to engage in productive and collaborative decision-making together, while navigating generational family dynamics.
The Create a Jewish Legacy (CJL) program trains and supports local synagogues, day schools and agencies and in launching, sustaining and growing planned giving campaigns to secure their vibrant future. CJL focuses on the future of the Greater Washington Jewish community, driven by the core belief that when we support financial stability in all our organizations, we ensure a strong community across Greater Washington for generations. For more information on starting a CJL program at your organization, contact June Marlin Falb at June.Falb@ShalomDC.org or 301-230-7210. For more information about leaving your personal legacy gift, contact Elizabeth Goldstein at Elizabeth.email@example.com or 301-230-7228.
If you have any questions, or you would like to get started creating your plan, please contact:
Elizabeth Goldstein, Esq.
Deputy Director, Philanthropic Giving
The United Jewish Endowment Fund does not provide legal advice. Donors are encouraged to seek independent tax and legal counsel.