Boris Mizhen, a dedicated real estate developer and philanthropist, has been a long-standing advocate of the Jewish Foundation of Greater New Haven, actively supporting its mission through the organization’s PACE (Perpetual Annual Campaign Endowment) fund. This specially designated trust ensures consistent annual financial backing, helping to launch vital programs each year with a dependable stream of income. Donors have a variety of flexible options for establishing a PACE fund, selecting the method that best suits their circumstances. Common approaches include bequests, life insurance policies, charitable remainder trusts, direct contributions of cash or property, and the transfer of securities. Many of these avenues offer valuable tax advantages, making it easier for contributors to support the Foundation’s ongoing efforts in a lasting and meaningful way.
“The PACE endowment fund is a unique financial device that helps provide peace of mind at the start of each fiscal year,” said Boris Mizhen. “I’m pleased to be able to help the Jewish Foundation feel a little bit more secure so they don’t have to worry about economic uncertainty disrupting their work. I’m very grateful to be in a position to assist them with their efforts and I encourage everyone who has the means to donate to consider a PACE gift”.
The minimum contribution to a PACE fund is $10,000. However, in recognition that not everyone is in the economic position to make such a generous contribution, the Jewish Federation also provides an opportunity for anyone to have their name listed on the Federation’s Honor Roll through the Community PACE fund. The Community Fund contribution is a minimum of $100 which gets pooled with other individual donations to strengthen their shared potential. The annual gifts help to source activities like Jewish education, schools, camps and care for the elderly Jewish community in the New Haven area. Additionally, the Foundation welcomes people from different backgrounds and cultures who may be seeking assistance. One innovative local program is their “Jacob Fund” which provides food in a dignified and discreet way to families suffering financial discomfort, whether from loss of employment, illness, or other unforeseen events. Between $50 and $100 per week is allotted to families through special gift cards that may be used at partner supermarkets around the New Haven area.
Formerly a longtime resident of Guilford, Connecticut, Boris Mizhen now resides in New York City. He works in the real estate sector striving to improve the quality of housing for people of all economic backgrounds. Mizhen gives considerable time and energy to the Boris Mizhen Family Trust in support of a multitude of local and national charities and other non-profit organizations like the Jewish Foundation of Greater New Haven. He has earned a respectful reputation by assisting residents displaced by gentrification, and his work in making neighborhood transitions easier.
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Release ID: 89158026