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Temple Beth El Blog

Endowments Provide Stability and Support

05/07/2024 04:03:44 PM

May7

Staff and leaders at TBE understand how fortunate we are to have healthy endowment funds helping to support our programs and services. This is even more apparent during this period of the budget cycle as we complete the budget for the next fiscal year, which starts on July 1.

We are grateful to those who came before us, and to current families, who have established and support funds that allow us to use interest and donations to help support the important work we do at TBE now and in the future.

Of the almost $1.5 million annual budget, about 25% of our expenses are paid for from our many funds. These funds include the Endowment for Spiritual Leadership, Yerusha Fund, and Larry Kohn Chair of Jewish Learning Fund.

The distributions we take from these funds represent a significant, long-term stream of income. In addition to membership contributions, donations to our funds are another form of revenue enabling us to continue to offer excellent programming, worship, education, and social action initiatives.

May 19, 2024 11 Iyar 5784