About the JCEFNM
The Jewish Community Endowment Foundation of New Mexico (Foundation) is a community resource that helps you create and fulfill your philanthropic vision and sustain your values. The Foundation was established in 1997 as a division of the Jewish Federation of Greater Albuquerque (currently Jewish Federation of New Mexico (Federation), a 501 (c)3 nonprofit corporation.)
Existing funds were aggregated into a General Fund and donor designations were segregated for specific purposes. The Federation General Fund currently holds two endowed funds and four non-endowed funds. In addition, the Foundation holds six organization funds, eleven donor-advised endowed funds and four donor advised funds. JCEFNM's total assets under management as of 9/30/13 are $2,179,578.
Read more on General Fund under For Donors.
In December 2005, after evaluating options related to building our community's endowment base, the Foundation entered into a Custodial Agreement with the Jewish Community Foundation of Southern Arizona (JCFSA), an Arizona nonprofit corporation with a solid record of investment performance and donor-centered services. The General Fund of the Foundation and subsequent donor designated funds were transferred to JCFSA to be invested with $50.3 million of their assets currently under management. In addition, the Agreement provides for consulting services and assistance in executing planned gifts for the benefit of the New Mexico community and Jewish communities around the world. The Foundation receives quarterly non-audited fund status reports and an annual audited report of JCFSA accounts. For these services, JCFSA receives a fee associated with the costs directly related to investing and reinvesting the foundation's assets and a small administrative fee. The Foundation Board believes the guidance, mentorship and expertise provided by JCFSA is invaluable.
The Foundation introduced the endowment Book of Life in 2005 to encourage community members to create their Jewish legacy. The Book of Life is on display under beautiful wooden arches in the Jewish Community Center lobby.
Read more on the Book of Life under Create Your Legacy.
Mission & Vision
The mission of the Jewish Community Endowment Foundation of NM is to:
- Effectively promote the concept of planned charitable giving
- Establish itself, by excellence of service to donors and management performance, as an institution of choice for those interested in planned giving
- Work cooperatively with other organizations to help them encourage increased giving among their own constituencies, and to serve as effective stewards of these funds, if desired, by such organizations
- Distribute fund income to meet community needs in a manner that is generally consistent with the principles and purposes of the donor and the Jewish Federation of New Mexico
It is our vision to promote legacy giving by passing our values and valuables — Dor L' Dor — from one generation to the next. We want to help ensure the long-term stability and vibrancy of our Jewish community by building future endowments for community organizations.
Board of Trustees
The Foundation is managed by a Board of Trustees comprised of at least nine Standing Trustees plus Organization Trustees representing the major Jewish organizations in Albuquerque, NM. At least one Standing Trustee must be an officer of the Federation. The Foundation has three officers: a Chairperson, Vice-Chairperson and Secretary, all nominated by the Board of Trustees and ratified by the Board of Directors of the Federation.
Current Officers and Standing Trustees
Chair: Erika Rimson
Vice-Chair: Judy Boles
Secretary: George Skadron
Grace Allison, JD
Paula Blacher, CFA
Sabra Minkus, JFNM Officer
Mimi Efroymson, JWEF Chair
Howard Friedman, CLU
Andrew Gans, MPH
Current Organization Trustees
|Congregation Albert||Art Hayden|
|Congregation B'nai Israel||Steve Margulin, CPA, CFP|
|Congregation Nahalat Shalom||Lynn McKeever|
|Hillel at UNM||Seth Sparks|
|Jewish Community Center||Talia Freedman, Realtor|
|NM Holocaust & Intolerance Museum||Jerry Small|
|Jewish Academy of Arts & Sciences||Marisa Lipscher|
Local staff support is provided by Jewish Federation of NM, Sam Sokolove, Executive Director, Cathy Dimos, CFO and Sherry Roy, Office Administrator.
The Foundation provides reporting services to our fund holders. Donor recommendations are distributed to qualified charities and organizations as requested by the donor. A year-end summary consolidates all of your charitable giving and the balance in your account for tax reporting purposes.
The General Fund and all donor and organization funds are managed and invested with JCFSA funds by SEI Investments Management Corporation. As of 9/30/2013, asset allocation is 35% US Equity, 18% Int. Equity, 29% Fixed Income and 17% Hedge Funds and Other. Total JCEFNM Portfolio Returns YTD 9/30/13 are 10.0% (Gross) and 9.7% (Net). 12 months ending 9/30/2013 are 12.4% (Gross) and 12.0% (Net).
To Read More on fund management and quarterly investment returns, click here to visit the Jewish Community Foundation of Southern Arizona.