Established in partnership with the Beckerman Family Foundation, the $2 million Beckerman Family PACE Challenge is a 1:1 match intended to secure the future of the Greater New Haven Jewish community through newly established and increased Perpetual Annual Campaign Endowment (PACE) funds: $1 million to be comprised of new PACE funds, and the other million dollars to be from additions to existing PACE funds. Read more about the Challenge's origins in Shalom New Haven.
A Perpetual Annual Campaign Endowment (PACE) Fund is a permanent endowment fund of the Jewish Federation of Greater New Haven established in your name to perpetuate your annual commitment to the Federation’s Annual Campaign. As an endowment fund, principal is not touched and the fund is invested with the Jewish Foundation of Greater New Haven. Each year, the interest earned from the fund is distributed to the Federation’s Annual Campaign. The annual distribution will be made in perpetuity in your name.
Did You Know: A Women's Philanthropy gift can also be endowed as a special type of PACE fund called a LOJE (or Lion of Judah Endowment)!
When David and Ruthann Beckerman first helped launch PACE in the Greater New Haven community back in 1999, PACE fund disbursements accounted for just under $20,000 towards a $3.17 million annual campaign, or a little more than 0.6% of all donations to that year's campaign. Last year, PACE funds paid out $517,000 into a $2.39 million campaign, or nearly 22% of all monies raised. And if you start a PACE fund today, we can ensure that number continues to grow to provide a strong foundation for our community's future.
When you open a PACE fund at the Jewish Foundation, not only does it provide benefits to the Jewish community for decades to come — it also benefits you! Here are some of the ways:
*= new fund established
**= added funds to existing PACE/LOJE