Legacy program debuts with $8M; 10 local groups get $80,000
One year into a program meant to expand local “legacy” giving, in order to build organizational endowments, 10 local organizations have received more than 240 new legacy commitments, or outright gifts, worth an estimated $8 million.
Legacy recipients are, United Jewish Federation of Tidewater, Simon Family JCC, Jewish Family Service (JFS), Beth Sholom Village, Hebrew Academy of Tidewater, Congregation Beth El, Ohef Sholom Temple, Temple Emanuel, Toras Chaim Day School and Chabad of Tidewater. Many of these organizations serve the entire Tidewater community regardless of faith, such as the Simon Family JCC, Jewish Family Service and Beth Sholom Village.
The Tidewater Jewish Foundation (TJF) will gather donors and legacy team members on Monday, March 19 at 5:30 p.m., at the Sandler Family Campus, to celebrate their generosity and provide $80,000 in organizational incentive grants in recognition of efforts brought forth to-date.
The foundation is the lead local partner in the fifth cohort of communities, selected in the LIFE & LEGACYTM initiative of the Harold Grinspoon Foundation, which is currently partnering with 52 communities across North America.
“The Harold Grinspoon Foundation is very excited to be partnering with the Tidewater Jewish Foundation to further enhance the community’s culture of legacy giving,” said Arlene D. Schiff, the program's national director. “The time is right; your legacy program will make the most of the generational transfer of wealth, change the language and landscape of giving and provide generous and forward-thinking members of the Tidewater community, with the opportunity to express their passion, purpose and commitment to their most valued Jewish organizations.”
A four-year partnership program that assists communities to promote after-lifetime giving to benefit local Jewish day schools, synagogues, social service organizations and other Jewish entities, the program operates in partnership with the foundation, with up to $10,000 of unrestricted incentive grants per year available to each participating organization, based on meeting legacy commitment benchmarks.
“JFS provides a continuum of home-based solutions to over 4,000 individuals annually throughout the region, regardless of faith or ability to pay," said Betty Ann Levin, the organization's executive director.
Scott Kaplan, TJF president and CEO, is thrilled by the response.
“Legacy gifts enable a donor to make an impact now and in the future and extend their values and passions beyond their lifetime," he said. "We look forward to celebrating the success of our agencies and thanking our generous donors for planning and strengthening the future of our community.”
With more than $115 million in assets, TJF helps meet the philanthropic challenges and needs of the Jewish community through endowment development to form a permanent base of support for the local community, agencies and programs