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Temple Israel Endowment Funds
Temple Israel currently has 3 Endowments with a particular purpose for each fund. As is usual with Endowments, principle investments are considered “untouchable” and are invested for perpetuity and it is only the interest earned that is spent annually.
Temple Israel Cultural Endowment
The fund was established in 1988, and currently supports multiple cultural and educational events taking place at the Temple and in the community each year. Recent examples include, Klezmer bands at the Simchat Torah, Community Passover Seder, Break the Fast after Yom Kippur, bus trips to cultural events in Boston, “Lunch bunch”, speakers at Yom Hashoah and multiple requests from Sisterhood and our Hebrew school.
Dinnerman-Rottenberg Educational Endowment
The interest on this fund directly supports the part of the annual budget that supports our Hebrew school. Substantial growth of this fund may eventually allow our Hebrew school to be free for all students.
Institutional Operating Endowment
The interest earned on this fund directly supports the operating budget of the Temple Israel. The principal will never be sent. This fund will assure the continued presence of a Jewish community on the seacoast in perpetuity.
Financial planning experts can show you how estate plans can be structured to earn our donors substantial incomes and also support vital Jewish community interests in future decades.
**Note: when you use PayPal to make a donation (either to one of the funds or to a Temple Event as they become listed), please email the Temple Office with this link describing how your donation is to be directed.