An unprecedented transfer of $59 trillion in generational wealth is taking place before our eyes. Yet Jewish organizations have not fully recognized the possibilities or sought legacy gifts despite the knowledge that endowments will have an increasingly impactful role in sustaining the future of their organization.
With this information, the question HGF sought to answer was “Can Jewish communities be motivated to become proactive in widespread legacy giving? With the implementation of LIFE & LEGACY, the answer is YES!
The LIFE & LEGACY program does more than encourage Jewish communities to have legacy conversations with their most loyal donors- it provides the structure, training, mentoring and monetary incentives to ensure a Jewish community's success in integrating legacy giving into its philanthropic culture. LIFE & LEGACY is a community-building enterprise that emphasizes collaboration and works to create a united and strong Jewish community for future generations.
As of December 31, 2018, LIFE & LEGACY has assisted 52 Jewish communities consisting of 565 Jewish organizations to secure more than 22,000 legacy commitments with an estimated value of just under a billion dollars of which more than $94 million has already been placed in organizational endowments.
"As a former Federation Board Chair and current board member, I believe that LIFE & LEGACY™ is exactly the kind of program that we should be proud of bringing to our community. In its first two years, the impact has already been incredibly meaningful. It is a way for the Federation to facilitate and support not only its own efforts but also those of its partner agencies in the Seattle Jewish community. The program exemplifies how we are ‘making investments in Jewish life, for today and tomorrow,’ as the last sentence of our mission declares."
Robert Spitzer, Executive Committee, Jewish Federation of Greater Seattle
“Being a member of the LIFE & LEGACY cohort in Chicago has had a tremendous impact on our school. The sessions that we attended provided the training and support we needed to reinvigorate our Endowment efforts. The cash incentives served as motivation to help us meet our benchmarks and keep us on track to achieve our goals.”
Tami Warshawsky, Director of Advancement at Solomon Schechter Day School of Metropolitan Chicago