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ENDOWMENT PROGRAM ESTABLISHED BY THE JEWISH FEDERATION OF SOMERSET, HUNTERDON & WARREN COUNTIES

 Bridgewater, NJ -- "Giving doesn't mean giving away" is the idea behind the newly established Endowment Program of the Jewish Federation of Somerset, Hunterdon & Warren Counties.  This planned giving program enables individuals to help provide education, human services and health care to those in need while receiving significant tax benefits and without impacting their current lifestyles.  There is a difference between the annual gift to the Federation and providing support through an endowment which throws off income each year.  Endowments allow for continuity of funding, rather than starting each year at zero.  It also allows the Federation to receive annual funding from committed Federation supporters after they are no longer with us. The funds can be slated for local use as well as needs in Israel, the former Soviet Union and throughout the world.

 "We are introducing various  opportunities to participate," said Gerald Weissman, Chairman of Endowment Program Committee.  "Depending on one's age and financial status, there's a planned giving program for just about any situation."

 "The most common endowment gift is one where the Federation is named as a beneficiary of a bequest in the donor's will," added Diane Naar, Federation Executive Director.  "This is the easiest way to leave a legacy because the donor simply designates  a portion of his or her estate or a specific amount is to be left to the Federation."

Other endowment options include Annuities and Charitable trusts where the donor retains an income for his or her lifetimes, as well as naming the Federation as the beneficiary of life insurance or related assets like IRAs, CDs or pension plans.

 "These differ on the basis of when and how the funds are disbursed and provide various degrees of tax benefits” explained Mark Chazin, President Elect of the Jewish Federation.

 The Jewish Federation  of Somerset, Hunterdon and Warren Counties is the umbrella organization of the area's Jewish community, bringing together agencies, organizations and communities to support and fufill the needs of the Jewish people.  The Federation raises funds to coordinate services, activities and programs which  helps support agencies that touch the lives of Jews in Somerset, Hunterdon and Warren Counties as well as in Israel and throughout the world.

 Additional information about the Endowment Program is available by calling the Federation office at 908-725-6994, or on the internet at www.jfedshaw.org.

The Shomrim Socitety