Jack M. Barrack Hebrew Academy is most grateful to those farsighted benefactors who began our Endowment Fund in 1959 with gifts totaling $500. Over time, the fund has grown thanks to gifts from many individuals and foundations. Since endowments are invested with only a percentage of the interest income available for spending, gifts to Jack M. Barrack Hebrew Academy's endowment provide a perpetual source of income to the school while allowing the principal to grow.
To secure Barrack Hebrew Academy's position as one of Philadelphia's finest college-preparatory institutions, our endowment must grow. A firmly established endowment will provide resources for Barrack Hebrew Academy to plan for the future. Currently Barrack Hebrew Academy's endowment fund is in excess of $2 million.
The Endowment Fund serves three primary purposes: to preserve the value and intention of the donors' gifts; to provide a vehicle for increasing the value of the donors' gifts after inflation and operating subsidies; and most importantly to ensure the continued existence of the institution. Income from the endowment may be targeted for such needs as faculty professional development and compensation, financial aid for students in need, technology upgrades and advances, and drama and fine arts. An endowment may also be unrestricted, providing the school with the opportunity to use the interest where needs are the greatest.
Barrack Hebrew Academy's Endowment Fund welcomes contributions and pledges of any amount. Named or designated funds may be established for any approved purpose with a gift or pledge of $50,000 or more. Barrack Hebrew Academy assures sound stewardship of every named endowment fund through a memorandum of understanding that expresses the donor's and Barrack Hebrew Academy's intent. In addition, Barrack Hebrew Academy provides each donor of a named endowment fund with annual reports on the fund's status.
To make a gift to one of the restricted funds, or to establish a named fund, please contact Alex Stroker, Chief Operations and Development Officer, at 610-922-2322 or email@example.com.
Thank you for your support of Jack M. Barrack Hebrew Academy.