More on Endowments | Jewish Federation of Winnipeg

Designating Interest Income

Donations to the Jewish Foundation of Manitoba are added to named funds of the donor’s choosing. In general, funds are either undesignated or designated.

Designated Funds support organizations and causes as directed by the donors permanently, as directed in a will or the fund agreement, or on an annual basis. These are sometimes called donor directed or donor advised funds.

Undesignated Funds give the Foundation flexibility to address current and evolving community priorities and fulfill annual scholarship and grant obligations. Special grants are offered to individuals or organizations for creative initiatives that address needs not currently met in Winnipeg’s Jewish community, or that address social and community awareness issues in creative formats.

Donor Advised Funds

Designated Funds support organizations and causes as directed by the donors permanently, as directed in a will or the fund agreement, or on an annual basis.

Designated funds that are directed annually are sometimes called donor directed or donor advised funds. The donor will also delegate the responsibility of deciding where the income goes to an executor or family member after the donor has passed away.

Charitable Bequests

A major responsibility of Federation is to secure the future of the Jewish community at home and abroad. Working with our local, national and international partners, we help Jews around the world to live a Jewish life and ensure that no Jew, regardless of his or her circumstances, is left behind. We do this in many ways, including raising money annually from our generous donors and allocating it where it does the most good. We also encourage donors to consider creating an endowment fund at the Jewish Foundation of Manitoba. An endowment can be established by bequest or during the donor's life.

A bequest is a legacy gift, distributed from the donor’s estate after the end of his or her life. If not designated, it can be spent in the year that it is captured. An endowment is a fund that is held in perpetuity, distributing income annually for a designated purpose. For example, both the Lion of Judah Endowment and Leave More Than Memories Endowment are funds that are held by the Jewish Foundation of Manitoba, income from which is distributed each year to the annual CJA Campaign.

You can create a permanent legacy by leaving a bequest of a specific amount of cash, a percentage of your estate or the remainder of your estate. You can make a gift as large or small as you'd like, although some agencies may have minimum requirements for establishing an endowment.

You may choose to make a gift of cash, securities or other property--and your estate will receive a tax deduction in the amount of your charitable bequest. A charitable bequest allows you to retain use and control over your assets during your lifetime.

An Outright Gift Using Appreciated Assets of Cash

When you create an endowment fund with a current gift of cash or other property, income from your fund may be used to pay a recurring annual gift to the charity of your choice. For example, interest from your Leave More Than Memories fund will go to pay all or part of your annual CJA contribution. If you donate publicly-traded securities, you can avoid capital gains taxes and receive a tax receipt for the full value of your gift in the current year.

Life Insurance Policy

Life insurance is an advantageous and inexpensive way to create a legacy. When you purchase a new policy naming a charity as owner and beneficiary, you will receive a tax receipt for the full value of the annual premium payments each year.

You could also transfer an existing policy and name the Foundation as the owner. At the time of transfer you are entitled to a current deduction equal to the net cash value of the policy. All future premium payments, when paid, would be a current tax deduction.

Contact Us