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October 02, 1987 - Image 78

Resource type:
Text
Publication:
The Detroit Jewish News, 1987-10-02

Disclaimer: Computer generated plain text may have errors. Read more about this.

Federated Endowment Fund

When we speak of an endowment fund, too often the
pictures that come to mind are numbers. We're im-
pressed, for example, that this year Detroit's Jewish
community has achieved $30 million of a $100 million
Federated Endowment Fund goal.

But numbers don't tell the real story. In human terms,
this is what endowments are doing for our community:

• A memorial fund honoring the name of a philan-
thropic couple will enable children and elderly persons
without means to participate in programs at the Jewish
Community Center.

Everyone gains from an endowment fund. The above
examples illustrate how the community is benefiting.
But the donor wins, too—because he or she can per-
petuate the family name, reap financial incentives and—
most important—feel certain that the commitment of a
lifetime and the good things our community does will
continue into the future.

I arri very proud of the achievements made this year by
our Federated Endowment Fund. They are true to the
goals of our organized community—and assure its
strength from generation to generation.

George M. Zeltzer

• The funds of several Detroiters are helping the Jew-
ish Family Service relieve the burden of those who care
for chronically ifl relatives at home.

• A woman who was assisted by Resettlement Service
many years ago bequeathed her entire estate for the
benefit of new immigrants.

I could relate many other stories like these. They illus-
trate the breadth of our unique program that brings to-
gether charitable individuals, the agencies that render
service and the financial expertise of the Jewish Welfare
Federation and its United Jewish Charities.

There are several options for involvement. One of them,
the Allied Jewish Campaign Permanent Endowment
Fund, added $1 million to our 1987 fund-raising effort
on behalf of Jews in Detroit, Israel.and around the world.

JEFF (Jewish Experiences For Families)—
a program to enhance Jewish life. made
possible through endowment funding.

FEDERATED ENDOWMENT FUND
Assets as of June 30, 1986

80

70

60

50

40

30

20

10

1981

1982

1983

1984

1985

1986

Endowment Director Joe lmberman with Chairman George Zeltzer

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