NSSBE Operating Fund – To be used for all the operational needs and purposes of running a large congregation.
Capital Improvement Fund – To be used to help cover the cost of capital improvements to our building.
Chesed Dues – For the purpose of helping members in need of financial assistance with dues.
Kol Nidre Appeal – Unrestricted Funds solicited on Kol Nidre to help with NSS Beth El’s operational support.
Rabbi Kurtz’s Discretionary Fund – To be used at his discretion solely for charitable purposes.
Rabbi Schwab’s Discretionary Fund – To be used at his discretion solely for charitable purposes.
Rabbi Freedman’s Discretionary Fund – To be used at his discretion solely for charitable purposes.
Hazzan’s Discretionary Fund – To be used at his discretion solely for charitable purposes.
Jack & Mildred Cohen Religious School Fund – For the purpose of improvements or assistance to the Jack and Mildred Cohen Religious School, its facilities or programs.
Gertrude & Morris Lederman Family Continuing Education Fund – To be used for all adult education programs, including on-going classes as well as special speakers, films, and other presentations.
Miriam & Bernard H. Sokol Hebrew High School Fund – For the purposes of funding special programs beyond regular classes in our Sokol Hebrew High School.
Paul S. & Sylvia Steinberg Preschool Fund – For the purpose of improvements or assistance to the Paul S. and Syliva Steinberg Preschool, its facilities or programs.
Ba’al Korei Institute Fund – Used to help cover the costs of all educational programs, fees and awards associated with the Ba’al Korei Institute.
Isadore Finkelstein Fund – Used for the purpose of providing scholarships to children of members of the congregation toward one year of college or post-graduate study in Israel.
Pushke/Tzedakah Fund – Pushke/Tzedaka Fund for the purpose of distribution of gifts to appropriate religious charitable causes.
Staff Recognition Fund – Is used at the discretion of the President to provide annual recognition bonuses to the administrative and maintenance staff.
What is the purpose of the North Suburban Synagogue Beth El Endowment Fund, Inc. (the “Fund”)?
The Fund’s purpose is to support the religious, educational and social activities of North Suburban Synagogue Beth El (the “Synagogue”). It also supports the maintenance of the Synagogue’s facilities and provides funds for capital improvements. The Fund was established in 1984 as a tax-exempt organization under Section 501 (c) (3) of the Internal Revenue Code. Donor contributions are tax-deductible in the manner and to the extent provided in Section 170 of the Internal Revenue Code.
Who manages the Fund?
The Fund is managed by an independent Board of Directors. The Synagogue’s President, Treasurer and Senior Rabbi serve on the Board. The remainder of the Board is elected by the Board. The Board elects a President, Treasurer and Secretary from its membership. The Fund’s By-Laws do not provide for a fixed number of Directors or for a fixed term for any of its members except for the Synagogue’s President, Treasurer and Senior Rabbi.
What are the types of Endowment Funds?
The Fund consists of over seventy-five separate funds that have been established by past and present members of the Synagogue. The Donors describe the purpose for which the earnings are to be used. Funds can also be designated as Non-Restricted in which case the earnings are used to support the Synagogue’s total operating expenses.
What are the Investment Policies of the Fund?
The Fund’s assets, with the exception of a small checking account balance held at The Northern Trust Company, are held in custody at National Financial Services, LLC. Investment advice is provided to the Board of Directors by Mesirow Financial. Investments are made in equity-oriented mutual funds, balanced mutual funds and direct investment in certificates of deposit and corporate bonds. Equity investments include foreign and domestic securities.
How are the Funds distributed to the Synagogue?
At the end of its June 30th fiscal year, the Synagogue notifies the Fund as to the amounts expended for the purpose established for each individual fund. The following January the Fund pays the Synagogue the lesser of the amount expended by the Synagogue or the available earnings calculated by the Fund for each fund.
Each year the Board of Directors of the Fund establishes a percentage that will be applied to the average market value of each fund for the sixteen quarters ended September 30th of the year prior to June 30th fiscal year of the Synagogue. The total available is the amount arising from that calculation plus any amount carried forward from prior years as the result of the Synagogue’s expenditures being less than the available earnings.
To make an online donation to any of the funds listed below, just click on the name link or click here. You can also mail in a donation, for a specific fund, to NSS Beth El, 1175 Sheridan Rd, Highland Park, IL 60035.
Fertig Campus Visit Endowment Fund – Used for the visits of clergy and other senior staff to children of members on college campuses.
The North Suburban Synagogue Beth El Sisterhood College Connection Program Fund
Gertrude and Morris Lederman Family Continuing Education Fund – To be used for all adult education programs, including on-going classes as well as special speakers, films, and other presentations.
Irving and Janet Robbin Scholar-in-Residence Endowment Fund – Used for the annual weekend program featuring a renowned scholar of Jewish interest.
Lipis Memorial Fund
Rabbi Irving and Amy Frankel Lecture Endowment Fund – Used for the annual special speakers program.
70th Family Engagement
Hecktman Family Program Fund
Glass Family Music Endowment Fund
Janger Family Havurot Fund
Joseph and Mae Gray Cultural and Learning Center Fund – Use for the purpose of enhancing the programs and collections of the Joseph and Mae Gray Cultural and Learning Center
Music Endowment Fund – For the purpose of providing musical programming to the Congregation.
Social Action Fund – To be used to cover the cost of all social action opportunities, activities and projects of the Social Action Committee.
Ann and Jack Weinberg Holocaust Education Endowment Fund – Used to cover the costs of programs and materials related to the Holocaust.
Earl Linch Memorial Holocaust Education Fund
Holocaust Memorial Endowment Fund – Used to cover the costs of programs and materials related to the Holocaust.
Ted and Evalyn Weinstein Holocaust Memorial Education
Cal and Lana Eisenberg Halomdim Program Fund – Used for teachers and supplies for classes for special needs children.
Gerald and Rita Buckman Yom Ha’Atzmaut Program Endowment Fund – Use for the Religious School and Synagogue programs specific to the holiday.
Kopin Family Fund for Children’s Tefillot Education – Used to cover the costs of the Dalet and Hey Shabbat Service programs.
Laverne Isaacson School Fund
Morris & Naomi Futorion Education Fund – To be used to help cover Jack and Mildred Cohen Religious School costs not covered by tuition.
Teacher Training Fund
Lynn and Skip Schrayer Family Pre-School Shabbat Dinner Program Fund
Shoshanah Lipis Winer Endowment Fund for Shabbat and Festival Enhancement
Paul S. & Sylvia Steinberg Preschool Endowment Fund – Used to replace the Gan Sylvia playground structures.
Gamze House Beautification Fund – To be used for capital programs of the synagogue.
Horwitz-Hoffman Youth Lounge Maintenance Fund
Ritual Refurbishment Endowment Fund – Used for the maintenance of Torahs and other ritual objects.
The Andrew and Gail Brown Technology Endowment Fund – An endowed fund whose income is dedicated to the acquisition of new technology for the synagogue.
Bruce & Lisa Goldman Rabbi’s Discretionary Endowment Fund
Philip and Ellen Glass Rabbi’s Discretionary Endowment Fund
Helaine, Howard, Janet and Gary Resnick Fund
Linda and Al Winick Fund
Michael and Karyn Lutz Solomon Schechter Fund
Rosalyn Bogen Memorial Fund – CJHS
Sarah and Harry Stiebel Schechter Fund – Used to fund scholarships for children to attend the Solomon Schecter Day School and the Rochelle Zell Jewish High School.
Solomon Schechter Endowment Fund
Camp Ramah – General Scholarship Fund – Used to fund scholarships to send children of members to the Camp Ramah Day Camp and to Camp Ramah of Wisconsin.
Frank and Barbara Pollack Camp Ramah Fund
Jean T. & Morton Bernstein Camp Ramah Fund – Used to fund scholarships to send children of members to the Camp Ramah Day Camp and to Camp Ramah of Wisconsin.
Jeffrey S. Kaiser Camp Ramah Fund
Lippitz Family Camp Ramah Fund – Used to fund scholarships to send children of members to the Camp Ramah Day Camp and to Camp Ramah of Wisconsin.
Sarah & Henry Stiebel Camp Ramah Fund
Shapiro/Stark Ramah Day Camp Scholarship
Sherman Family Camp Ramah Fund
Willard and Sally Aaron Camp Ramah Endowment Fund – Used to fund scholarships to send children of members to the Camp Ramah Day Camp and to Camp Ramah of Wisconsin.
Zuckerman Family Camp Ramah Scholarship
Ben and Marion Drachler Education Endowment Fund
Adolph M. and Lottye Jacobson Educational Endowment Fund
Daniel and Nancy Gooze Education Fund
Edward S. Frank Israel Study Memorial Fund – Used to fund scholarships to send teens on peer-group trips to Israel.
Herman, Levine and Redfield Families
Israel Scholarship, General Fund – Used to fund scholarships to send teens on peer-group trips to Israel.
Morasha Israel Scholarship Fund
Morris and Naomi Futorian Education Fund
Spitz Family/Ruth and Milton Liebman Israel Scholarship Fund – Used to fund scholarships to send teens on peer-group trips to Israel.
Turner Family Education Fund
BE Scholarship Fund
Barbara P. Hochberg USY Program
Kurtz Youth Family Endowment Fund – Used to fund the cost of sending teens to conventions and the cost of youth program supplies.
Schechter Family Unrestricted Youth Fund
Youth Community Program Fund – For the purpose of improvements or assistance to the youth community programs of the congregation.
Youth Engagement Fund
Judith A. Heyman Innovating Programming Fund – Used to fund scholarships to send teens on peer-group trips to Israel.
Used to support the operations of the Cohen Religious School and the Synagogue.
Barnett Family Unrestricted Endowment Fund
Field Family Unrestricted Endowment Fund
General Ner Tamid
Mindy and Jeffrey Gordon & Family Unrestricted Endowment Fund
Muchin Family Unrestricted Endowment Fund
Sheldon and Nancy Mann Unrestricted Endowment Fund
Witzell Family Unrestricted Endowment Fund