Named Endowment Funds
Creating a permanent endowed fund with OJCF allows you to make a lasting impact during your lifetime and support your community for generations to come. An endowed fund ensures that your charitable intentions are preserved, even as community needs and nonprofit organizations evolve over time.
When you establish an endowed fund, your charitable assets grow, providing a continuous resource to support the causes and organizations you care about. Our endowed funds maintain their principal, with investment earnings used to make grants addressing community needs. This approach ensures that your gift—and all future earnings from it—become a permanent source of community support, helping to make a difference indefinitely.
Ready to Establish a Fund?
How It Works
Make a gift of $10,000+ to OJCF. Receive tax benefits in the year you make your gift.
Set up a fund in your name, the name of your family or business, or in honor of a person or organization of your choice.
Watch your initial investment grow over time to generate an increased funding stream. The principal is never spent.
We handle the administrative details and issue grants on your behalf.
Not sure where to start or looking for a different solution?
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Already Have a Fund?
Forms and Downloads
Advantages of an OJCF Named Endowment Fund
Continuous Funding Stream
When you establish an endowed fund, your charitable assets grow, providing a continuous resource to support the causes and organizations you care about.
Hassle Free Administration
We handle all the administrative details and issue grants to charities meeting the requirements named in the fund you establish (if you prefer, grants can be made anonymously).
Start Your Fund with Any Asset Type
OJCF can accept cash, appreciated stocks, real estate, or other assets as part of your initial investment. Ask us about options for making gifts over time that add up to this minimum amount.
Maintain Your Principle
When you establish an endowed fund, your charitable assets grow. Your initial gift is never spent. Only investment earnings are used to make grants addressing community needs.
Immediate Tax Benefits
You receive tax benefits in the year you make your gift.
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Frequently Asked Questions
What are the different types of Endowed funds I can open?
Designated Funds This type of fund allows you to support a specific organization or organizations over time to provide perpetual income to them. The Foundation handles all administrative and investment responsibilities, freeing the organization to pursue its charitable mission.
Scholarship Funds This type of fund help students pursue their day school or higher education goals, educational experiences in Israel, and attendance at a Jewish summer camp. Donors can establish scholarship criteria or leave it to the discretion of the Foundation. The Foundation handles all administrative and investment responsibilities, the selection of award recipients, and the communication with the camps, day schools, programs, or institutions of higher education.
Field of interest funds This type of fund is used for particular issues, such as disadvantaged children, the elderly, or the performing arts — we can help you direct grants to your chosen cause. You can also make grants that focus in a specific geographic area within Oregon or SW Washington. Unrestricted funds This type of fund is used to meet a community’s needs. We recommend that you designate gifts to OJCF’s Community Endowment Fund (CEF). Gifts to this fund allow the Foundation to respond to the changing needs of our community over time.
What is the difference between an Endowment fund and donor advised fund?
An endowment fund invests a principal amount to generate earnings for ongoing charitable activities, preserving the principal for long-term support. A Donor Advised Fund, on the other hand, uses both the principal and any earnings for immediate or short-term needs, without the intention of preserving the principal indefinitely.
Is an Endowment fund required to distribute funds every year?
No. Many endowments reinvested their annual distribution into the fund balance, waiting until they have reached their endowment goal and then begin regular distributions.
How can I keep giving to my fund once it is established?
You may add to your fund at any time, including through your estate. One way to add funds to your endowment fund may be by using your IRA required minimum distribution (RMD) and making a qualified charitable distribution (QCD).