The Jewish Endowment Foundation of Greater Charleston (formerly the Jewish Endowment Fund) is a supporting organization of two partnering organizations: Charleston Jewish Federation and Coastal Community Foundation of SC. Its mission is to encourage donors to endow their support of Jewish and other charitable causes in the Charleston area. 


The organization was established in 1996 as a collection of funds, each created by a different donor for a distinct charitable purpose addressing JEF’s mission. The Jewish Endowment Foundation is overseen by a Board of Trustees and is invested under the direction of financial advisors at Coastal Community Foundation. Four percent is allotted from endowed funds each year for charitable giving. Additional gains are reinvested with the principal. This ensures endowments will benefit charitable organizations in our community every year in perpetuity.

 

Donations and legacy gifts can be made directly to new or existing endowment funds to grow the principal, helping to distribute more in charitable grants each year. Larger endowments not only mean more money for our community, but lower fees as well. Administrative fees for the Jewish Endowment Foundation of Greater Charleston are competitive with industry standards and are as follows:

 

  • Minimum $250 fee or

  • 1% for fund balances of $0 - $1,000,000

  • 0.75% for fund balances > $1,000,000

  • 0.50% for fund balances > $5,000,000

  • WHAT IS THE ROLE OF COASTAL COMMUNITY FOUNDATION (CCF)?

    The Jewish Foundation of Greater Charleston is a separate legal entity with an autonomous governing board. It is a supporting organization, or affiliate foundation, of Coastal Community Foundation. CCF handles asset management, grantmaking support, and technical assistance for JEF funds.

    The Jewish Foundation of Greater Charleston is a separate legal entity with an autonomous governing board. It is a supporting organization, or affiliate foundation, of Coastal Community Foundation. CCF handles asset management, grantmaking support, and technical assistance for JEF funds.

  • WHAT IS THE ROLE OF CHARLESTON JEWISH FEDERATION (CJF)?

    The Charleston Jewish Federation is a supporting organization of the Jewish Endowment Foundation. CJF works on behalf of the entire local Jewish community and ensures that funds in the JEF will always be used for the benefit of the Jewish community. CJF also administers the LIFE & LEGACY program, working with local Jewish organizations and synagogues to encourage community members to create endowments and make legacy gifts to strengthen the organizations they care about for generations to come.

    The Charleston Jewish Federation is a supporting organization of the Jewish Endowment Foundation. CJF works on behalf of the entire local Jewish community and ensures that funds in the JEF will always be used for the benefit of the Jewish community. CJF also administers the LIFE & LEGACY program, working with local Jewish organizations and synagogues to encourage community members to create endowments and make legacy gifts to strengthen the organizations they care about for generations to come.

JEF FUND TYPES INCLUDE:

DESIGNATED FUND: Created by an individual or family for the benefit of an organization or program. Minimum opening balance: $15,000

DONOR-ADVISED FUND: Created by an individual or family for the benefit of organization(s) at the individual or family’s discretion. Minimum opening balance: $10,000

SCHOLARSHIP FUND: Created to benefit students’ tuition or room and board. Minimum opening balance: $25,000

UNRESTRICTED FUND: These funds meet emerging needs in the community, helping JEF always be responsive to needs as they arise. Funding decisions are made by the Board of Trustees. Minimum opening balance: $15,000

FIELD-OF-INTEREST FUND: These funds support programs, projects and/or initiatives in a specific charitable area. Funds are distributed at the discretion of the Board of Trustees. Minimum opening balance: $10,000

ORGANIZATIONAL FUND: Created by a Jewish organization for the long-term benefit of the organization. Minimum opening balance: $25,000