Unique Experiences
$250 Seed Grant for Genesis Mitzvah Fund
- Item Number
- 246
- Estimated Value
- 250 USD
- Opening Bid
- 80 USD
Item Description
Your teen can change the world. Open up a Genesis Mitzvah Fund (stocked with a $250 seed grant) for a young philanthropist in your life and let him/her choose which 501(c)(3) charities to fund.
Whether they choose to strengthen our local Jewish community, fight for animal rights, or help cure a disease, one thing's for sure: they'll be someone's hero. Every child in Minneapolis who becomes a bar or bat mitzvah has a Genesis Mitzvah Fund. The question is: will they choose to activate it?
How it works
The Jewish Community Foundation of the Minneapolis Jewish Federation will work with the winner of this auction item to create a Genesis Mitzvah Fund with a seed grant of $250 for a child above bar or bat mitzvah age. Contributions may be made anytime thereafter to honor birthdays, confirmation, graduation, or other special accomplishments. Once the fund reaches $1,000, it will start earning interest. The fund holder can then make annual donations from the investment income – donations to anything they want! The assets in Genesis Mitzvah Funds are professionally invested and managed with other funds at the Jewish Community Foundation. Statements are sent out on a quarterly basis.
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