Funds are established by Congregants and other donors in order to:- Honor or memorialize loved ones- Support a program or activity which is especially meaningful to them- Create a lasting legacy at The Temple- Model for others the positive impact of philanthropy on our Congregation
A signed fund agreement is required to establish a fund. Gifts are acknowledged with a formal tax letter and are listed in monthly issues of the Temple Times. All funds are listed on our website so that fund sponsors as well as others may make ongoing contributions to them. From time to time, these funds, the motivation of the sponsors, and the use of the funds to support programs or activities are featured in the Temple Times and on our website. Fund sponsors receive an annual Fund Activity Report. All funds are held by The Temple Tifereth Israel, and are invested, currently in large part with the Jewish Federation of Cleveland’s investment pool.
Tribute Funds may be established with a minimum gift of $5,000. As to spending, both principal and/or investment income generated by the Fund may be used for the purpose specified without limitation.
Endowment Funds may be established with a minimum gift of $10,000 paid over a maximum of two years. Principal may not be spent, so spending for the specified purpose must come from investment income generated by the Fund and is limited to a formula approximating 5% of the Fund so that the Fund will continue to grow.
If you are interested in learning more about establishing a tribute or an endowment fund, please contact Beverly Gans at 216-455-1725 or firstname.lastname@example.org
Director of Development
(216) 831-3233, x119