Why does HFLA need an endowment fund?
An endowment fund was established by HFLA so that in the future the interest and dividends earned by the fund would be sufficient to pay for the annual operating expenses of the Organization. Once this goal is achieved it would allow all donations made to the Organization to be dedicated entirely to providing new interest free loans to the Jewish Community.
How much is the Endowment Fund goal?
$1,200,000,00. This would provide the necessary interest and dividend payments to cover the operating costs of the Organization and therefore allow for the expansion of the lending program. Multi-year pledges and legacy donations are welcome.