“We established a PACE fund so the work of the Alliance will go on when we are not here to fund it.”
– Myrna and Hershey Rosen
Every year, nearly 1,500 people make donations to the Jewish Alliance of Greater Rhode Island’s annual community campaign. This enables the Alliance to fund programs, both locally and overseas, that make our community strong and vibrant. But when donors pass away, their annual gift is usually lost.
There is a way to ensure that not only is your annual campaign gift made in perpetuity, but that your commitment to the community is never forgotten.
A Perpetual Annual Campaign Endowment (PACE) is a permanent fund endowing your annual campaign gift – a lasting legacy to benefit the community. It can be created through a gift made during your lifetime or through an estate plan, and can offer tax benefits for you and/or your estate.
A PACE fund can be started the following ways:
• A gift of cash or other assets
• A bequest or trust distribution
• Designating the Jewish Federation Foundation as the beneficiary of your life insurance, IRA or other retirement plan. (The JFF manages the Jewish Alliance’s endowment in partnership with the Rhode Island Foundation.)
• Converting a donor advised fund to a PACE fund
A Lion of Judah Endowment is a special kind of PACE fund. More than 70 women in our community are Lions – they make an annual campaign donation of $5,000 or more. A LOJE allows these women to perpetuate their annual Lion of Judah gift.
In some cases, these endowments can be started to fund an annual campaign gift during the donor’s lifetime, giving the donor the peace of mind of knowing that the gift will continue for generations to come.
This year, thanks to the forethought of generous community members, the Alliance’s annual campaign will receive nearly $515,000 from these endowment funds.
The list [at left] includes all endowment funds that contribute to the Alliance annual campaign.
For more information about establishing a PACE or LOJE fund to continue your legacy, contact Sara Masri at email@example.com or 401-421-4111, ext. 223.
SARA MASRI (firstname.lastname@example.org) is the chief development officer at the Jewish Alliance of Greater Rhode Island.