Another way to ensure that our seniors are cared for far into the future is the creation of an endowment – a financial gift that creates a permanent source of income. You can create an endowment in your own name or in the name of someone you love. On birthdays or other occasions, you may wish to ask your loved ones to contribute to your endowment fund, as a means of involving them in a cause that is important to you.
An endowment fund at the Cummings Jewish Centre for Seniors Foundation may be established with a contribution of $10,000 or more, and only the interest is used to fund the Centre’s activities. Since the capital amount of your generous gift remains intact, your endowment becomes an everlasting gift to the Centre.