ENDOWING YOUR FEDERATION GIFT
The Lion of Judah Endowment (LOJE) is an endowment component of the Lion of Judah program. A LOJE is created by establishing a minimum fund of $100,000 or more in the donor’s name, ensuring the perpetuation of a donor’s Lion of Judah level annual campaign gift. A LOJE is a permanent restricted fund, a component of the national PACE or Perpetual Annual Campaign Endowment program of The Jewish Federations of North America. PACE is an endowment vehicle at any amount, so long as it perpetually endows your Annual Campaign gift.
The Lion of Judah Endowment is powerful statement of a donor’s commitment to tzedakah, providing a legacy for herself, her family and her community. Establishing a LOJE allows women the opportunity to the extra step to endow her gift in perpetuity. A LOJE may also choose to enhance her Lion of Judah pin by adding a flame, known in Hebrew as or l’atid, to recognize this commitment.
HOW CAN A LION OF JUDAH MAKE A LOJE COMMITMENT?
Every woman has a unique family and financial situation. In recognition of different estate planning and tax objectives, a LOJE can be easily and positively designed to match an individual’s person circumstances in a beneficial way.
Our partners at the Jewish Endowment Foundation of Louisiana (JEF) will work with you to design a Lion of Judah Endowment to help you realize your philanthropic vision, and, at the same time, meet the required criteria. There are various ways to create endowments, many of which do not have to be funded during a your lifetime.
A LOJE fund is not intended to substitute for any part of a gift to the Federation Annual Campaign. A $100,000 endowment is expected to generate at least the Lion of Judah minimum of $5,000, calculated at a yield of 5%; a $200,000 fund (also designated as King David Society) will yield a minimum of $10,000; and a $1 million fund will yield a minimum $50,000 annually. LOJE funds are invested and prudently managed for maximum yield.
Currently, in New Orleans, we have:
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95 Lions of Judah
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37 Lion of Judah Endowments
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21 Perpetual Annual Campaign Endowments