When you create a PACE fund, your annual gift will endure forever to carry on your charitable goals. In order to fully endow your annual gift into the future, consider an endowment which is twenty times your Federation Annual Campaign gift. A minimum gift of $10,000 is required to establish a PACE Fund.
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 the Federation's Annual Campaign each year. More information about LOJE gifts.
You decide how your gift is to be used. Grants from your fund are awarded in your name or in honor or memory of a loved one to benefit a field of interest or designated Jewish agency or synagogue.
Donor advised funds are owned and invested by JFGI to provide donors the opportunity to place contributions into a charitable fund where recommendations can be made immediately or over time to Jewish and general charities.
Donors receive a charitable deduction for the value of their contribution at the time deposited into the donor advised fund, not when it is distributed. However, some Donor Advised Fund holders choose their own investment advisors to manage their funds. Click here for more information on JFGI's Outside Investment Advisors program.
Donor Advised Funds are generally pooled with JFGI's Endowment portfolio and managed by our professional investment manager, Commonfund. Click here to review JFGI's current administrative fee schedule.
Named Funds - Restricted/Unrestricted are owned and invested by JFGI and have been established in honor or memory of a community member, typically have a designated purpose, and are distributed automatically or brought to the Endowment Committee for review. For some funds, only the interest is distributed, while for others, the principal can be used. The Federation Board of Directors reviews and votes on all Endowment grant recommendations.
If you have any questions, or you would like to get started creating your plan, please contact Josh Lodolo with any questions.
Senior Director of Development & Endowment
The Jewish Federation of Greater Indianapolis does not provide legal advice. Donors are encouraged to seek independent financial, tax, and legal counsel.