WOMEN'S HEALTH PROFESSIONALS
Drs. Donald Blitz, Robin A. Blumer,
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are pleased to announce their new associate,
CREATIVE CARING
from page 17
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In Office Osteoporosis Testing
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Mindy and Scott Eisenberg of Franklin with children Julia, 11, and Noah, 8.
income — endowments, says Stacey
Crane, Jewish Community
Endowment Fund director.
"While we spend the funds raised
by the Annual Campaign now,
endowments look to the future,"
she says.
Both the Jewish Community
Endowment Fund and the Annual
Campaign contributions are impor-
tant. Endowments provide for
Federation's future campaigns and
for the long-term needs of the
community, says Crane, who had
her own CPA practice and volun-
teered at Federation for 15 years
before she was tapped to be
endowment director.
Crane explains that one critical
endowment vehicle is a PACE (Per-
petual Annual Campaign
Endowment) fund, a permanently
restricted fund, which means the
principle is never touched, but the
income from it goes to the Annual
Campaign every year. This year,
PACE income funded about 8 percent
($2.7 million) of the total ($34.4 mil-
lion) Annual Campaign.
PACE funds are about protecting
Federation's Annual Campaign in the
future, Crane says.
"It creates a campaign gift in the
donor's name forever."
Donors may also choose to create
endowment funds to support specific
needs such as senior services and
education.
In the fiscal year that ended May
31, 2004, Federation's endowment
fund raised more than $45 million,
over and above Federation's Annual
Campaign achievement, Crane says.
In the big picture, the Jewish
Community Endowment Fund stands
at $320 million — with most of these
funds restricted as to use but the
income of the PACE funds going into
the Annual Campaign.
"You don't have to be a millionaire
to start an endowment," Crane adds.
A fund could start for as little as
$5,000. "With everyone doing their
part, our Jewish community would be
in a much more secure position," she
says.
Back at the phon-athon where volun-
teers are beginning the process of gain-
ing pledges for the upcoming year —
and ending the 2004 Campaign — one
volunteer says plainly what she'd like
people at the other end of the line to do:
"Take the call, increase the pledge; it
makes you and us feel good," says Iris
Rosen of West Bloomfield, a volunteer
for the past five years. "It makes you
proud to be Jewish."
Marion Freedman adds, "Realize
that this gift touches the most Jewish
lives because its support goes
everywhere — locally, to Israel and
overseas."