Endowment Fund
This fund will provide a revenue stream for religious, cultural, educational, social and other programming that will supplement Vassar Temple dues and fund raising activities. Gifts to the fund will be invested to generate income. A portion of that income will be used to enhance programming. The balance will be reinvested.
The Endowment Fund is structured to receive lifetime and testamentary gifts from members of Vassar Temple and others. Gifts can be made in the form of cash, checks, stocks, bonds, real estate (both income and non-income producing), interests in family partnerships and life insurance policies, and may be paid over 3 years. A donor who makes a gift of $10,000 or more may designate the specific area to which the income generated by the gift shall be applied, and those funds shall be acknowledged in the donor's name. Anonymous gifts are also welcome. The Board shall determine whether proposed gifts should be accepted. Under no circumstances shall the funds of the Endowment Fund be commingled with those of any other fund.