Endowment Funds at Temple Aliyah

The Temple Aliyah Endowment Fund

A gift to the Temple Aliyah Endowment Fund is an investment in our community's future; to ensure that our children and grandchildren will have the same opportunity to learn and carry forward our Jewish values.

An Endowment Fund is a pool of assets held separately from Temple Aliyah's general funds and is subject to the legal restriction that only its "income" may be used for general operating purposes. Endowed Funds may be restricted or unrestricted for use but in all cases the intent is to only use the income of the fund for the specified purpose and thereby preserve the principle in perpetuity. An endowment supports financial sustainability, providing resources for the Temple and its current programs as well as preparing for future needs. Like a savings account, an endowment fund earns interest. Each year, approximately 3-5% of the fund is drawn, assuring that the original funds will grow over time.

The Endowment Committee approved and made distributions of 3% in both 2011/12 and 2012/13. These funds help the Temple meet its annual operating budget. The larger the endowment, the more the Temple can draw on to support targeted programs, help keep memberships affordable, and perform important maintenance projects.

Unrestricted Funds

In 2007, Temple Aliyah launched a successful community campaign to raise a permanent endowment to ensure the Temple’s vitality through our lifetime and for future generations. Our current unrestricted Endowment funds are invested in the Jewish Community Endowment Pool, LLP (JCEP) which is managed by professional investment advisors. The Board of Trustees may use distributed income in any way it deems appropriate, just as it now determines how to utilize dues and current gifts.

Our goal is to grow our Fund to approximately $3 million. To help realize this goal, the Funds and Endowment Committee is planning a major bequest campaign to increase donations to the Fund. This will include sponsoring programs to educate the community about planned giving opportunities. Our hope is for every TA family to name the Endowment Fund as a designated charity in their estate plans. 

Restricted Funds

A number of Temple members and their families have set up restricted endowment funds for the benefit of the Temple Aliyah community.  These funds are designated by the donors to be used for specific purposes with the income used for this purpose and the principle preserved. Restricted endowment funds may be named in someone’s honor or memory with a minimum $36,000 donation.

To learn more about how you can contribute to Temple Aliyah's Endowment Funds, contact David Levy or Heydon Traub, Co-Chairs of the Temple Aliyah Endowment.

 

Temple Aliyah Welcomes You!

Temple Aliyah is an egalitarian Conservative congregation in Needham, Massachusetts, with a warm and inviting atmosphere.  We are a dynamic and diverse community that embraces people of all ages, backgrounds and lifestyles.  With the guidance of Rabbi Carl Perkins, we encourage our members to enrich their Jewish lives, to enhance their Jewish identities, and to engage in lifelong learning.

Join us for Shabbat services and schmooze during kiddush following services. Check out the exciting Temple Tots programming for our youngest members.  Attend the Rabbi's Adult Education classes. Participate in one of our many Social Action projects. Become a member of our Sisterhood or Men's Club.    

Not a member?  We invite your family to join our family!

Join Us

Did you know...?

Did You Know that Cantor Gloth met his wife, Bina Carr, in USY? We join in wishing Cantor Gloth and Bina a very happy 24th anniversary this year and thank USY for bringing them together! Temple Aliyah is a member of NERUSY – the New England Region of United Synagogue Youth, one of the largest regions in North America. “If you’re interested in learning more about our youth programs for grades 2-12, contact Alex Maslow, Temple Aliyah’s Director of Youth Engagement.

Want to learn more fun facts about Aliyah? Click here!

If you have a fun fact about Temple Aliyah you’d like to share with our community, please email [email protected].


Shabbat and Weekday Services

 

Shabbat Morning Services  9:15 am
Sunday Morning Minyan* 9:00 am
Monday Morning Minyan   7:00 am
Weekday Evening Minyan 7:30 pm

* During the summer, minyan meets on Monday morning, and Tuesday and Thursday evenings.


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Under the direction of our Adult Education Committee and as part of our commitment to lifelong learning, Temple Aliyah offers a wide range of opportunities for our members and others to enrich their Jewish lives throughout education.  Click here to see all of our current Adult Education offerings.


Sisterhood welcomes all women of our community, sharing our passion for Judaism, our families and ourselves. We invite you to learn more about becoming part of our amazing community. Whether you're looking for camaraderie, spiritual connection, social action, or the opportunity to get involved, Sisterhood is here for you. Click here to see our full calendar of events for 2018-19.