No one every became poor by giving.

For Donors

Book of life

The Jewish Community Endowment Foundation of New Mexico is here to help you create your legacy plan. The planning journey is driven by Jewish values and involves four steps: Promise, Honor, Formalize and Fund. The final two steps in the legacy planning process — formalizing and funding — actualize your wishes.

Legacy planning can join children, parents and even grandparents in the common goal of sustaining the community. Some families set up donor-advised funds so they can work together to discuss and make decisions about what organizations and causes to support. Involving family members can open a dialogue about ideals, traditions, and visions for the future. An endowment fund with a family advisory committee keeps this dialogue and your memory alive.

There are many types of funds available through which you can establish, or continue, your charitable giving. Some distribute funds during the donor's lifetime. Others are endowments funded after death.

Agencies can create endowment funds to manage their donors' designated gifts or consider a custodial fund to help manage reserves or other resources.

Most Common Funds

Please contact the Foundation for other options that may be available.

Donor-Advised Fund - Often referred to as a “charitable checking account”

  • Non-endowed; Minimum $5,000
  • Established by the donor(s) to make donations to charitable organizations
  • Donor recommends distributions to any 501(c)3 organizations, including local Jewish agencies, organizations and synagogues

Donor-Advised Endowment Fund

  • Minimum $10,000
  • Established by the donor(s) to permanently preserve the corpus of the fund
  • Donor states the purpose and names the beneficiaries
  • Distributions are made from available earnings based on the spending rate established annually by the Foundation.
  • Additional contributions can be made at any time in any amount

Life Income Funds

  • If a lifetime income for you and/or your spouse is appealing, consider a charitable gift annuity that enables you to receive guaranteed revenue, then benefits your special causes after you're gone.
  • Charitable Gift Annuity
  • Charitable Remainder Annuity Trust
  • Charitable Remainder Unitrust

Organization-Advised Endowment Fund

  • Minimum $10,000
  • Established by not-for-profit agency to permanently preserve corpus
  • Organization may state a specific purpose for the fund
  • Distributions are made from available earnings based on spending rate
  • Additional contributions can be made at any time in any amount

Organization Custodial Fund

  • Non-endowed; Minimum $10,000
  • Not-for-profit organization may state a specific purpose for the fund
  • Distributions can be made from both corpus and earnings
  • Additional contributions can be made at any time in any amount

Funding a Legacy Plan

You can make a gift to any of the above Funds with a variety of assets, including:

  • Cash
  • Life insurance
  • Marketable securities (stocks, bonds)
  • Israel bonds
  • Distributions from your retirement plan
  • Certain real estate: personal residence or commercial property

You can make donations in any amount to Funds held in the Jewish Community Endowment Foundation of NM.

Community Fund

Accepts smaller gifts for making grants to Jewish organizations or for community emergencies

Israel Experience Fund

Assists Jewish students from New Mexico finance an educational trip to Israel

Jewish Women's Endowment Fund

Will provide grants to fund programs that assist women and their children in the Jewish community. (Minimum contribution of $1,000 to become a member of allocations committee)

About 80% of legacy gifts are made via bequests.

You can make a provision in your will, or revocable living trust, to bequeath certain assets or a percentage of your estate to the Jewish Community Endowment Foundation of NM or to a fund created at the Foundation.

If your gift is $10,000 or over, you may create a donor-named fund under a separate agreement with the Foundation and distributions will be governed by that Fund Agreement.

The Foundation can serve as a ready resource for prospective donors and professional advisers looking for causes that match the donor's vision.

Sample Bequest Language

The following is intended as a guideline; it is not to be considered legal advice.

Legal Name

Jewish Community Endowment Foundation of New Mexico, a division of the Jewish Federation of New Mexico

Address

5520 Wyoming Blvd. NE
Albuquerque, New Mexico, 87109

Language for an Outright Gift

If you wish to make an unrestricted gift to JCEFNM, without creating a separately named endowment fund, the following language is recommended:

I give and bequeath ______________ (can be a percentage [which is preferred], a dollar amount, a specific asset, and/or the residue of the estate) to the Jewish Community Endowment Foundation of New Mexico.

Language for an Endowment Gift

If you wish to create a separately named endowment fund and you are preparing a separate Fund Agreement with the Foundation, the following language is recommended:

I give and bequeath ________________ (can be a percentage [which is preferred], a dollar amount, a specific asset, and/or the residue of the estate) to the Jewish Community Endowment Foundation of New Mexico for the benefit of the [DONOR NAMED] ENDOWMENT FUND held at the Jewish Community Endowment Foundation of New Mexico.