beth emet new banner logo 72res 450

Beth Emet is a diverse, multigenerational Reform community with a dynamic approach to Judaism. Our congregation seeks to create a spiritually vibrant, socially conscious, intellectually challenging, and deeply caring environment firmly rooted in Jewish tradition and values.

How The Foundation’s “Covenant” Funds are Established

Over the forty years of the Foundation’s existence, many Beth Emet members have understood the increasing importance and impact of giving to Beth Emet, over and above their annual dues. Some congregants have made use of the Foundation as a vehicle to create their endowments. During the Beth Emet Capital Campaign of 2000, many members made generous donations to the Assuring Our Future Fund while others established new funds to perpetuate the memory of their loved ones, or to reflect their special interests. Foundation covenant funds are established with an initial gift of at least $25,000.00, and in consultation with the Rabbis and the president of the foundation. For each fund a covenant is established to provide ongoing direction and guidance to the foundation board before the income or principal of the fund may be dispersed consistent with the donor’s directions, as expressed in the covenant.

Building on the Foundation and Assuring our Future

In addition to the Assuring Our Future Fund, there are currently 24 covenant funds being administered by the Foundation. There are two different types of covenant funds. One is a perpetual fund, intended by the grantors to continue in perpetuity. The other is a self-liquidating fund which, through the disbursement of income and principal, has been designated by the grantors to liquidate within a specified period of time. Presently, an initial contribution or grant of $25,000 is the minimum initial amount required for the creation of a covenant fund. The grantors may, at the time of the establishment of a fund designate one or more purposes; that is, the program(s) or purpose(s) for which the contributions, principal, income and capital gains are to be utilized. The grantors may also designate, at the time of establishing the fund, whether the fund is perpetual or self-liquidating and whether only income, or a combination of income and principal should be utilized to provide support in furtherance of the covenant’s designated purposes.

For internal accounting purposes, each covenant fund is segregated and separately maintained so that its principal, interest, capital gains and the individual contributions which are specified for a particular fund are designated and calculated in an account separate from the other fund accounts. However, the board has determined that, in order to provide protection through diversification, the money within each fund will be “pooled” with money from similar funds for purposes of investment; the concept being to protect against the situation that, in the event there is a significant loss in a particular investment, one fund does not unduly sustain that loss, especially to the point where a fund may not be able to retain sufficient principal to generate the income necessary for intended future disbursements in furtherance of the fund’s covenant’s designated purposes.

Current Covenant Funds

Each of the covenant funds is an example of the largess of donors who wish to bestow a charitable gift that may have transformative effects upon a program, individuals or the congregation as a whole. Beth Emet’s annual concerts, scholarships to send our children to Israel or to Jewish camps, our annual scholar-in-residence, new and improved equipment and facilities in the religious school, special teachers for the religious school, preschool educational activities, and maintenance of the Eiger Garden illustrate just some of the programming and support that is vital to Beth Emet. All are supported by covenant funds created through thoughtful and generous gifts.

To make a donation to one of the funds online, please refer to the donate page of the Beth Emet website. View a full listing of the funds.

FacebookTwitterYoutubeListen Live

be-slide-simchat-torah

  • Help Those in Puerto Rico Who Need Our Help

    October 2 - 20

    The pictures in the news are mind boggling; the stories are heartbreaking.  Beth Emet is doing our part to provide assistance by partnering with the National Museum of Puerto Rican Arts & Culture (...

 

Beth Emet is a diverse, multigenerational Reform community with a dynamic approach to Judaism. Our congregation seeks to create a spiritually vibrant, socially conscious, intellectually challenging, and deeply caring environment firmly rooted in Jewish tradition and values.

  • A Close Look at Torah

    with Rabbi Andrea London
    Fridays, October 20- June 8 (No class November 24, December 8, 22, & 29, January 12 & 26, March 30, April 6)
    9:30 a.m. - 10:35 a.m.
    There are many ways to interpret Torah and the nuances of meaning tha...

  • Teachings of Rebbe Nachman of Bratzlav
    with Rabbi Michael Balinsky
    Fridays, October 20 and 27, 10:45 a.m. – 12:15 p.m.
    A Chasidic master and religious thinker, and a great-grandson of the Baal Shem Tov, the founder of Chasidism,...

  • With Rabbi Andrea London

    Shabbat,  October 14, November 11, December 16, January 20, February 3, March 10, April 14, May 12, June 9
    3:30–5:30 pm This class meets at Rabbi London's home.

    Once a month on Shabbat afternoon at R...

  • Drumming for Self-Renewal

    with Linda Schneider
    Wednesdays, October 18, November 15, December 20, January 17, and February 21

    7:30 - 9:00 p.m.

    How would it feel to take a break from the regimen and “noise” of everyday life and instead focus on renewal...

  • Jewish Mindfulness Meditation

    with the Center for Jewish Mindfulness at Orot
    Tuesdays at 7:30 p.m. at Beth Emet (please note this class will NOT meet: April 4, April 11, April 18, May 30, and July 4)

    Rabbi Jordan Bendat-Appell, Rabbi Sam Feinsmith, or o...

  • with Rabbi Peter Knobel
    Wednesdays, October 25 and November 1, 7:30 - 9:00 p.m.
    The Classical Reform Judaism of Peter Knobel’s youth had already evolved by the time he became Rabbi Knobel, in 1969. The transformation of the Ref...

  • with Rabbi Peter Knobel

    Fridays October 20 - April 13 | 8:00 – 9:00 a.m (No class, November 24, December 29, January 5, March 30, & April 6)

    This year we will continue reading Tractate Avodah Zarah, which deals with idolatr...

  • with Phyllis Richmond
    Monday, October 30, 7:30 – 9:00 p.m.
    Sitting comfortably can be easy! This class uses the Alexander Technique to teach ways to correct old habits so you can sit in a more relaxed, poised, and comfortable m...

  • with Rabbi Daniel Azulay
    Tuesdays, October 24 through December 12, 9:30 – 10:30 a.m.
    We will engage in conversational Yiddish, the language that was spoken in the home. On occasion we will refer to written material as well. The...

Beth Emet: The Free Synagogue Video