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Bayit Heritage Fund -

Securing the financial foundation of our Bayit

Gifts to the Heritage Fund are managed by an Investment Committee and it is our hope to reinvest the returns until 2018 to grow our initial base to maximize future income for our Bayit.

Key principles of the Fund are as follows:

  • It is the intent of HIR to re-invest 100% of the net returns on investments until January 1, 2018, to further strengthen future earnings potential unless the Executive Committee of the HIR board of directors determines that the financial needs of HIR require the use of the net returns prior to this date.
  • Donations of $5,000 or more to the Heritage Fund will be added to the investment base.  Donations below $5,000 may, at the discretion of the Executive Committee, be added to the investment base of the Heritage Fund or spent annually in accordance with the terms of the Heritage Fund.
  • An Investment Committee of seven members nominated by the President of HIR and approved by the Board of Trustees manages the assets of the Fund.  The Investment Committee reports to the Executive Committee regularly.  Additionally, the Investment Committee will provide an annual report to both the Board of Trustees and benefactors who donate $10,000 or more to the fund.

For the complete Statement of Principles as approved by our Board of Trustees on February 4th, 2014 please click here.

To participate in our effort to secure the long-term financial future of our Bayit, please fill out the form below:

 

While funding your pledge immediately is greatly appreciated, we understand that for many members, spreading payment over several months is important.  Our online payment portal allows you to spread the payments over multiple months, or you can send a check, or checks in to the office. 

However you support the Bayit, THANK YOU!

 

Mon, December 17 2018 9 Tevet 5779