Tzedakah
Your Charitable Giving Partner
6560 Poplar Avenue, Memphis, TN 38138
2nd Quarter Update - July 12, 2010
A note to fund holders from your Jewish Foundation of Memphis staff:
We hope this letter finds you and your family doing well and enjoying the summer. You should have received an email link to your fund statement for the period ending June 30. Please contact us with your questions or concerns. We are pleased to give you an update on recent Jewish Foundation activity, national trends in giving, and share our plans for the fall and year-end.
Giving USA 2009 Results Just Released
According to Giving USA, an annual survey conducted to help donors, policy makers and non-profits, charitable giving fell 3.6% in 2009 to an estimated $303.75 billion. Some highlights of the study include:
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75% of all charitable gifts came from individual donors
75% of all charitable gifts came from individual donors•33% of all giving was directed to religious organizations.
33% of all giving was directed to religious organizations.You may access an executive summary of the survey results by clicking here.
Annual Report
We are working on our annual report and will again be listing all of our fund holders. If you do not want your name listed, please contact us by August 1.
Reminders:
Minimum grant recommendation is $100 we will no longer be able to process grants for under $100 unless they are for one of the Foundation's partner agencies.
Minimum balance required in all Donor Advised Funds is $3,000.
You may now submit grant requests on-line. Click here to request the password and link.
Donor Advised Funds are Great Vehicles for Directing Charitable Bequests
Did you know that you can utilize your Donor Advised Fund to direct your charitable bequests? Increasingly, we are working with families who wish to include several of our Jewish community organizations in their estate plans. Because of the increased interest, we have developed a document that provides instructions for establishing these types of gifts. Click here to access “Steps for Utilizing your Donor Advised Fund for Estate Gifts.”
Memphis Chosen as a Pilot Community to Participate in a National Family Philanthropy Training Initiative
We are excited to let you know that Memphis is one of 16 communities chosen by Jewish Federations of North America to participate in a national family philanthropy training program. In collaboration with 21/64, www.2164.net, the non-profit consulting division of the Andrea and Charles Bronfman Philanthropies, the training program will focus on how to effectively work with multiple generations of donor families in order to increase engagement and foster next generation involvement. Our goal in participating in this year-long training program is to increase our ability to serve the needs of you and your family.
New Focus Areas for 2010/2011
Jewish Foundation leadership recently met and identified several new focus areas for the next two years. We look forward to rolling out our new “Super Donor Advised Fund” Program for donors wishing to expand their involvement with us by bringing their fund up to the $500,000 and above level. We will also be offering opportunities for you to learn more about moving your giving to the next level through our “Funds to Forever” initiative. Our goal is to identify fund holders interested in establishing legacy gifts (endowments) for the benefit of our Jewish community organizations.
Thank you for making us your partner in charitable giving. Please do not hesitate to contact us if we can be of assistance to you in any way. Have a great summer!
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901-374-0400
