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Legacy Magazine 2015

The document discusses creating a Jewish legacy through planned giving to the Jewish Federation of Cleveland. It profiles Susie Rubin who decided to endow her annual Lion of Judah gift to ensure her commitment to the Federation continues beyond her lifetime. It also discusses Michael and Anita Siegal who established a $1.25 million endowment to fund the One Happy Camper Program to send more Jewish children to overnight summer camp. Their goal is to strengthen the next generation's connection to Judaism and the community. The endowment will help support this important work for years to come.

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OF CLEVELAND Jewish Federation LIVING GENEROUSLY L E G A C Y E D I T I O N / 2 0 1 5 JUSTICE. KINDNESS. JEWISH PEOPLEHOOD. LET IT LIVE ON. WHAT WILL YOUR JEWISH LEGACY BE?
2 3 Creating your Jewish legacy is a personal journey – for each person the reason for doing so is different. What ultimately led me to a decision to endow my Lion of Judah gift took root in my childhood. My journey began with the strong values that my parents instilled in me. As a young adult, my late husband and I became Jews by choice. I learned that those same values taught to me growing up were the foundations of Jewish life – hesed, tzedakah, and tikkun olam. Years later, on a Federation mission to St. Petersburg with my husband Kerry, I realized how fortunate I was to have chosen to be Jewish in Cleveland, where I found support from an established community. The Jews of St. Petersburg were building identity from scratch. I endowed my gift so that future generations of Jewish Clevelanders will always have a community to support their identity and Jewish journey. BOARD CHAIR OF THE JEWISH FEDERATION OF CLEVELAND Meet our Chairs Top Five Ways to Create a Jewish Legacy A Special Evening of Thanks 10 8 6 4 This is My Legacy Ensuring a Jewish Future CONTENTS Donor-Advised Funds Bring Families Together How One Man’s Bequest Will Keep Many Smiling 18 16 14 12 How Federation’s Endowment Fund is Helping Change the World A MESSAGE FROM RENEÉ CHELM Seasons change, but your legacy is eternal. You can create a lasting legacy with the Jewish Federation of Cleveland to benefit your children, grandchildren, and future generations, while supporting the causes you care about. Using a current or deferred endowment gift, you can become part of Federation’s Legacy Society. L’dor v’dor - from generation to generation CREATE YOUR JEWISH LEGACY
4 5 CO-CHAIRS, CREATE YOUR JEWISH LEGACYMEET OUR CHAIRS “We feel that it is important to help perpetuate the key things we have charitably and personally dedicated ourselves to during our lifetime. The Federation certainly falls into that category which is why we are participating in this gift making” “There is no other organization like the Jewish Federation. Every gift to the campaign has the potential to impact thousands of Jewish lives. It feels wonderful knowing that I have chosen to leave my legacy as a Campaign Endowment to the Jewish Federation of Cleveland. I know that after I am no longer here to make my own gift to the Campaign For Jewish Needs, my endowment will ensure my gift will continue in perpetuity.” BOB REITMAN MAR C IA WEXBERG TOM ADLER SANDY WULIGER “As individuals who have devoted time and treasure to the wellbeing of others, a legacy commitment to the Jewish Federation of Cleveland will support in perpetuity the values that have guided our action. What better way to underwrite the security of our community for future generations and to memorialize our good name.” “I invite you to join me in creating a legacy gift for Federation. All of us support the mission and vision of Federation. All of us support the annual campaign. A Legacy gift will make sure that our lifetime commitments will live beyond us.”
6 7 THIS IS MY LEGACY: HOW SUSIE RUBIN DECIDED TO CREATE A LION OF JUDAH ENDOWMENT What’s the best part of being a member of the Jewish Cleveland community? Being a part of the Jewish Cleveland community is extremely important to me. My house has always been in suburban Cleveland, but the Jewish community has helped make this area my home. It has given me a sense of belonging to something much greater than my family alone. What are the things that motivate you to donate your time and money? I feel so very fortunate to be able to give back to the community that has provided so much for me. The incredible needs locally, nationally, and internationally motivate me to be both generous with my time and with my philanthropy. I work with the Federation to encourage others to take responsibility and respond to those who need our help. Tell us about becoming a Lion and then endowing your gift. I chose to give a Lion of Judah* level gift ($5,000) at a time when I undertook a volunteer leadership role in another organization. I couldn’t commit the same amount of volunteer time to the Federation’s Women’s Division, but I wanted to maintain my level of involvement through my Campaign gift. Becoming a Lion of Judah made me feel that I was still giving all that I could to the Federation. When I joined the Create Your Jewish Legacy committee at the Federation, I realized how important it was to endow my campaign gift. How did you achieve your goal? I talked to others who had endowed their gift and I learned of the many ways to accomplish creating a Jewish legacy in Cleveland. I quickly realized that it was something that I could facilitate rather easily. With some guidance from Federation staff and financial professionals, my husband, Steve, and I were able to make certain that my gift will live on with a gift of insurance. What would be your advice for someone thinking about leaving a legacy? I would suggest contacting the very capable endowment specialists we have here at the Federation. They are readily available to create the mechanism appropriate for each donor. It’s a personal experience. A&Q Thank you to the women who have perpetuated annual campaign gifts by creating a Lion of Judah endowment. Terry Adelman Karen B. Altschul Beth Wain Brandon Loretta R. Borstein in memory of Jerome Borstein Marilyn B. Cagin Florence Chelm Reneé Chelm Nan Cohen Bernice Sapirstein Davis Lois J. Davis Jane Friedman Mady Friedman Beverly Gans Peggy Garson Eleanor Gerson* Holly B. Gertman* Adrienne Goldberg Toby Goldfinger Francine M. Gordon Tamra F. Gould Roe Green Penny Greenberger Erica Hartman-Horvitz Anita Heller Ann Nickman Jacobson* Suellen Kadis Carol Lader Fran Lasky Sandra Lipman The Marianna Luxenberg Lion of Judah Endowment in Memory of Herbert Luxenberg Cookie Marcus Lois Marcus Barbara Meckler Anne Miller* Shari S. Perlmuter Cathy Randall Susan Rubin Evie Safran Eileen W. Sill Karen Lipman Steiger Marjorie H. Stonehill* Peggy Gries Wager Nina Wain* Betty Weintraub Judith Weiss Trudy Wiesenberger Judy Klein Willensky Sandra Wuliger Dara G. Yanowitz Donna Yanowitz Anonymous L I O N O F J U D A H ENDOWMENT CONTACT US Interested in creating a Lion of Judah endowment? Contact Elizabeth Klein at 216-593-2835 or eklein@jcfcleve.org. All inquiries are confidential. * of blessed memory * A Lion of Judah gift is made by a woman making an individual gift of $5,000 or above to the annual Campaign for Jewish Needs.
8 9 You may designate the Jewish Federation of Cleveland in your estate planning documents. You may specify a dollar amount, a percentage of your estate or the residue of your estate. You invest in the future of the Jewish community. All gifts entitle you to membership in Federation’s Legacy Society. TOP FIVE WAYS RETIREMENT ASSETS DONOR ADVISED FUNDS CHARITABLE BEQUEST You notify you plan administrator of your desire to name the Jewish Federation of Cleveland as a full or partial beneficiary of your retirement assets and complete a change of beneficiary form. Your retirement assets are a tax- wise asset to use for charitable giving as they could be subject to both estate tax at the time of your death and income tax when distributed to beneficiaries. 21 3 54 You donate cash, securities or other property to the Federation to establish th fund. You may recommend grants to qualified public charities at any time. The Federation invests the fund, allowing you to make grants from principal and income. You may receive charitable income tax deduction for all donations to the fund. LIFE INSURANCE Life insurance can be used to fund a charitable gift to the Jewish Federation of Cleveland, permitting you to make a substantial legacy gift for a relatively modest outlay. A gift of life insurance is easy to arrange and administer. You may be able to make a more significant gift than might otherwise have been possible. CHARITABLE GIFT ANNUITY A charitable gift annuity is a contract between you and the Jewish Federation of Cleveland that provides you and/or your designated beneficiary with a guaranteed annual income for life, while creating a permanent legacy. You can provide immediate and guaranteed income for yourself, a spouse, child or other individual. (Gift annuities for persons other than you or your spouse may have gift tax and capital gains tax consequences.) How does it work? JEWISH LEGACY MEET THE TEAM TO CREATE ATHE CAROL WOLF 216-593-2805 ALAN GROSS 216-593-2818 ELIZABETH KLEIN 216-593-2835 MICHAEL COLE 216-593-2795 MATT KALIFF 216-593-2831 HEDY MILGROM 216-593-2850 ANN GARSON 216-593-2814 Your trust or will is an important element of your estate plan; it enables you to protect the people you love, create a lasting partnership with the Jewish Federation of Cleveland and ensure the future of the community. When you designate the Jewish Federation of Cleveland as a beneficiary of your retirement assets, you create a legacy that enables the Federation to support the Jewish future in Cleveland and around the world. A named endowment fund creates a permanent legacy, perpetuating your ideals and your name while ensuring the future of the Jewish community. Life insurance – an innovative way to perpetuate your legacy for the Jewish community. A charitable gift annuity enables you to contribute to the Jewish Federation of Cleveland and the community, and at the same time enjoy a fixed annual income. Contact any member of our team for a confidential conversation about these or other vehicles. What are the benefits?
10 11 CLOCKWISE FROM LEFT: Lori Compton handles an artifact from the Jewish Archives. A group gathers to examine documents. Erica Hartman-Horvitz and Richard Horvitz sign their Endowment Book of Life statement. Susan Hurwitz, event co-chair, connects with other Legacy Society members. Annette Lusher greets Stanley Blum with a smile. Orry & Sheila Jacobs show their Endowment Book of Life statement. ABOVE: Allan Morris discusses a collection of patches from the Cleveland Overall Company with Sean Martin, Associate Curator of Jewish History. AT RIGHT: Maury Feren, Will Sukenik, and Irv Fine say hello. T he Jewish Federation of Cleveland’s endowment donors celebrated Cleveland’s rich Jewish history this summer, at a special event recognizing their contribution to our community’s future. Featured guest speaker John J. Grabowski, Ph. D., Senior Vice President of Western Reserve Historical Society, shared historical events and artifacts from The Cleveland Jewish Archives at the Western Reserve Historical Society, which preserves the history of Northeast Ohio’s Jewish community and helps others understand how this history contributes to life today. Guests explored items from the extensive collections of the Cleveland Jewish Archives, which is supported by a Federation endowment fund, ensuring the Jewish Archives will continue and flourish for years to come. A SPECIAL EVENING OF CELEBRATING OUR RICH JEWISH HISTORY John J. Grabowski, Ph.D., is a professor, author, and noted Cleveland historian, jointly appointed at Case Western Reserve University and the Western Reserve Historical Society. Thank you for joining us, John! THE ENDOWMENT BOOK OF LIFE is a collection of personal statements written by donors who have made commitments of $100,000 or more to the Federation’s Endowment Fund. Donors are given the opportunity to sign their statements during the Legacy event. The Endowment Book of Life is on permanent display at the Federation’s Mandel Building.
12 13 JEWISH PHILANTHROPISTS ENDOW SUMMER CAMP PROGRAM TODAY’S JEWISH CAMPER IS TOMORROW’S JEWISH LEADER, which is why Jewish philanthropists Michael and Anita Siegal are investing in the next generation and endowing a Jewish summer camp program: it’s important to the future of the Jewish community. ENSURING A JEWISH FUTURE: W orking with the Jewish Federation of Cleveland, the Siegal’s $1.25 million dollar endowment establishes The Michael and Anita Siegal One Happy Camper Program, with the goal to recruit Jewish children to overnight camp who might not attend without incentive. “Anita and I are both committed to sustaining and growing a vibrant Jewish community in North America,” said Michael Siegal. “Data has proven that overnight camping can make a substantive difference toward a child’s $1.25 million endowment establishes The Michael and Anita Siegal One Happy Camper Program Siegal Family will ensure that many more children will be able to experience joyous Judaism at Jewish camp for years to come.” To date, nearly 50% of Cleveland families who participated in an incentive program may not have attended Jewish summer camp otherwise; but, believed their participation “very positively” affected their families overall connection to the Jewish community. One mother reported, “This is the best chance for my kids to feel connected to the Jewish community of Cleveland.” The Michael and Anita Siegal One Happy Camper Program is a program of the Jewish Federation of Cleveland and operates in partnership with the Jewish Education Center of Cleveland and Foundation for Jewish Camp. not just for Cleveland but for the national Jewish community as well.” Mr. Siegal, who is current Board Chair of Jewish Federations of North America (JFNA) and former Board Chair of Jewish Federation of Cleveland, is committed to perpetuating Jewish life in his hometown of Cleveland and throughout the United States. Cleveland was one of the first communities to develop a campership incentive program to reduce the cost of living Jewishly. In recent years, the Federation has partnered with the Foundation for Jewish Camp to increase the number of Jewish youth who attend Jewish summer camp. “Through our partnership, we have doubled the number of children attending Jewish camp from the Cleveland area,” said Jeremy J. Fingerman, CEO of Foundation for Jewish Camp. “The leadership gift from the journey toward this goal. We are delighted in partnering with the Foundation for Jewish Camp and the Jewish Federation of Cleveland to make it possible for more young people to consider participating in the joy and fun of Jewish camping.” Research shows that when children return home from Jewish summer camp they have a deepened connection to Jewish life and culture and they have developed new friendships that will last their lifetime. These connections, to people and community, are transformational. For example, 7 out of 10 young Jewish leaders who are active in the Jewish community went to Jewish summer camp while 1 out of 3 Jewish professionals such as rabbis, cantors, and teachers were counselors at Jewish summer camp. “The Siegals’ gift advances two community priorities, the creative development of Jewish identity in young people and the cost of living Jewishly,” said Steve Hoffman, President of the Jewish Federation of Cleveland. “It’s an example
14 15 Bringing respite to victims of terror attacks in Israel Upgrading security for our community Transforming young lives through mentorship Caring for our aging Holocaust survivors LEARN MORE about what the Federation does 365 days a year at www.jewishcleveland.org. RESPONDING IN TIMES OF CRISIS FUNDING INNOVATIVE IDEAS PROVIDING A SAFETY NET SUPPORTING OUR COMMUNITY ...and more! Offering shelter from domestic abuse Scholarships for higher education Supplementing the Campaign for Jewish Needs during economic downturn HOW THE FEDERATION’S ENDOWMENT FUND CHANGE THE WORLD IS HELPING Building lifelong connections with Israel
16 DONOR ADVISED FUNDS AT JEWISH FEDERATION OF CLEVELAND have historically provided individuals with a near-perfect tool for effective, efficient philanthropic grant making as well as maximizing tax advantages. Donors may not realize, however, that creating a donor advised fund may also be a first step in engaging family members in the philanthropic process. Donor advised funds are easy to establish at the Jewish Federation of Cleveland, enabling you, the donor advisor to retain the privilege of making charitable grant recommendations. DONOR ADVISED FUNDS BRING FAMILIES TOGETHER Once in the fund, the donor may make grant recommendations from the fund to qualified public charities. IT’S EASY! 👤A donor advised fund may be funded with gifts of cash, securities or other property. 17 SNAPSHOT: Donor Advised Fund Benefits Donor advised funds provide an excellent tool for current giving, but also an effective first step to creating a meaningful philanthropic plan that benefits both the donor and the community. Online tools make accounts accessible at all times, providing record of current and past philanthropic giving. The Federation verifies the tax status of the grantee organization.  Income is earned on all donations to the fund  All income generated by the fund is tax-free  An immediate income tax deduction is available for the amount of the initial gift  May be used to create endowments in perpetuity ✓ A Donor Advised Fund (DAF) is one vehicle that encourages intergenerational conversations about values and philanthropic priorities between family members. Some donors allow their children to recommend grants of a certain amount each year, and others gather at the dinner table to make philanthropic choices together. Either way, the fund acts as a catalyst for family philanthropy. As years pass, and family members age, a DAF can also be a valuable tool in creating a philanthropic estate plan. Donors may recommend grants during their lifetime through their DAF. They may also recommend grants to be made upon their deaths – either liquidating the fund entirely or creating an endowment fund in their names. Donors may designate successor advisors, often family members, giving their heirs the privilege to make grant recommendations of their own choice. The next generation then carries on the family’s value of philanthropy. CONTACT US For assistance in setting up a DAF, contact Carol at 216-593-2805 or cwolf@jcfcleve.org. The Federation invests and administers the fund’s assets, processes recommendations, mails checks to the recipient organizations and reports to the donor advisor. $
18 19 O n any given day during the Campaign for Jewish Needs, you can find Stanley Blum at the Federation’s Mandel Building calling prospective donors. Other days, he can be found volunteering at a food bank or at his synagogue. In the spirit of tikkun olam, Stanley is actively involved in his community. Through thoughtful estate planning, his involvement will continue beyond his years. Stanley first moved to Cleveland in 1970 with his beloved wife Betty (z”l). The happy couple enjoyed being part of a vibrant Jewish community. When local worthy charities asked for support, the Blums responded generously, giving back to the community they loved. When Betty sadly passed away in 2012, Stanley began to think seriously about what their legacy would be and how they would leave their mark in the Jewish community beyond both of their lifetimes. WILL KEEP MANY SMILING 92-year-old Stanley Blum is creating his Jewish legacy every day and is having the time of his life doing it. he could make larger, more impactful gifts to the charities closest to him with retirement assets. In addition to the joy he gets from leaving a legacy, this designation will save his heirs from income tax obligations. “I have discussed my plans with my children and they are thrilled with the deep satisfaction I’m feeling from helping our community beyond my lifetime,” said Stanley. Using retirement assets to fund a charitable gift is easy. It does not require an attorney to change or add a beneficiary. So, just like a spouse or children can be beneficiaries of an Individual Retirement Account (IRA) or 401K, an organization can also be designated as a beneficiary. A specific amount or percentage of retirement assets can be designated for a charity, helping a favorite charitable organization thrive for years to come. Unfortunately, most donors do not inform charities of their intentions, which deprive the charity of the opportunity to show appreciation or recognize the donor’s generosity. By informing his beloved charities of his intended bequests, Stanley allowed the Federation to thank him now and ensure his wishes are known. Stanley and donors like him give L’dor V’dor special meaning. When the time comes (hopefully not for many years) we will think of Stanley and smile with gratitude. HOW ONE MAN’S BEQUEST Stanley Blum Stanley continued to support many charities with annual gifts, while consulting confidentially with the development professionals at the Jewish Federation of Cleveland and his attorney about what the future could hold. He learned To make an unrestricted bequest to the Federation: I give $ ______ (or specified property) to the Jewish Federation of Cleveland, Cleveland, Ohio. To make a specific bequest to the Federation: I give $_____ (or specified property) to the Jewish Federation of Cleveland, Cleveland, Ohio, to establish a fund to be known as the “___________ Fund,” subject to the Federation’s rules governing the operation of endowment funds, the annual distribution from which shall be used to support (choose one or more): • the Federation’s annual Campaign for Jewish Needs; • the Federation’s unrestricted endowment fund; • a specific area of interest (e.g., Jewish education, children at risk, homelessness); • a particular partner agency or agencies of the Federation. To add a bequest to an existing fund of the Federation: I give $_____ (or specified property) to the Jewish Federation of Cleveland, Cleveland, Ohio, to be added to the ________ Fund,” subject to the Federation’s rules governing the operation of endowment funds. EXAMPLES Please share this language with your legal counsel. A Federation professional would be happy to discuss the financial, tax and legal issues and implications of establishing a charitable gift plan with you and your professional advisor. For more information on Charitable Bequests, contact Carol F. Wolf at 216-593-2805. All inquiries are confidential. A BEQUEST IS AN EASY WAY TO CREATE A LEGACY GIFT How do I make a charitable bequest? If you already have a will or trust in place, your attorney can prepare a simple amendment. Donors with bequests of any amount are recognized as members of the Federation’s Legacy Society. What is a charitable bequest? A bequest is a legacy gift, distributed from a donor’s estate after the end of his or her life. A bequest can be designated to a specified interest or area, or can be unrestricted to ensure the most pressing needs of the community are met. CHARITABLE BEQUESTS
20 Mandel Building 25701 Science Park Drive Cleveland, Ohio 44122-7302 OF CLEVELAND Jewish Federation MEET THE MECKLERS “We are very grateful to be able to establish our endowment fund and join other Clevelanders in signing the Endowment Book of Life. Thankfully, the Jewish Federation of Cleveland has given us the opportunity to help preserve our renowned Jewish institutions and provide help around the world for our children, grandchildren and future generations.” – BARBARA AND DON MECKLER The Jewish Federation of Cleveland (license # CH22328) is registered to solicit charitable donations within Florida and provides disclosure as required by Chapter 496 of the Florida Solicitation of Contributions Act as follows: “A COPY OF THE OFFICIAL REGISTRATION AND FINANCIAL INFORMATION MAY BE OBTAINED FROM THE DIVISION OF CONSUMER SERVICES BY CALLING TOLL-FREE (800-435-7352) WITHIN THE STATE OR BY VISITING WWW.800HELPFLA.COM. REGISTRATION DOES NOT IMPLY ENDORSEMENT, APPROVAL OR RECOMMENDATION BY THE STATE.”

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Legacy Magazine 2015

  • 1.
    OF CLEVELAND Jewish Federation LIVINGGENEROUSLY L E G A C Y E D I T I O N / 2 0 1 5 JUSTICE. KINDNESS. JEWISH PEOPLEHOOD. LET IT LIVE ON. WHAT WILL YOUR JEWISH LEGACY BE?
  • 2.
    2 3 Creating yourJewish legacy is a personal journey – for each person the reason for doing so is different. What ultimately led me to a decision to endow my Lion of Judah gift took root in my childhood. My journey began with the strong values that my parents instilled in me. As a young adult, my late husband and I became Jews by choice. I learned that those same values taught to me growing up were the foundations of Jewish life – hesed, tzedakah, and tikkun olam. Years later, on a Federation mission to St. Petersburg with my husband Kerry, I realized how fortunate I was to have chosen to be Jewish in Cleveland, where I found support from an established community. The Jews of St. Petersburg were building identity from scratch. I endowed my gift so that future generations of Jewish Clevelanders will always have a community to support their identity and Jewish journey. BOARD CHAIR OF THE JEWISH FEDERATION OF CLEVELAND Meet our Chairs Top Five Ways to Create a Jewish Legacy A Special Evening of Thanks 10 8 6 4 This is My Legacy Ensuring a Jewish Future CONTENTS Donor-Advised Funds Bring Families Together How One Man’s Bequest Will Keep Many Smiling 18 16 14 12 How Federation’s Endowment Fund is Helping Change the World A MESSAGE FROM RENEÉ CHELM Seasons change, but your legacy is eternal. You can create a lasting legacy with the Jewish Federation of Cleveland to benefit your children, grandchildren, and future generations, while supporting the causes you care about. Using a current or deferred endowment gift, you can become part of Federation’s Legacy Society. L’dor v’dor - from generation to generation CREATE YOUR JEWISH LEGACY
  • 3.
    4 5 CO-CHAIRS, CREATEYOUR JEWISH LEGACYMEET OUR CHAIRS “We feel that it is important to help perpetuate the key things we have charitably and personally dedicated ourselves to during our lifetime. The Federation certainly falls into that category which is why we are participating in this gift making” “There is no other organization like the Jewish Federation. Every gift to the campaign has the potential to impact thousands of Jewish lives. It feels wonderful knowing that I have chosen to leave my legacy as a Campaign Endowment to the Jewish Federation of Cleveland. I know that after I am no longer here to make my own gift to the Campaign For Jewish Needs, my endowment will ensure my gift will continue in perpetuity.” BOB REITMAN MAR C IA WEXBERG TOM ADLER SANDY WULIGER “As individuals who have devoted time and treasure to the wellbeing of others, a legacy commitment to the Jewish Federation of Cleveland will support in perpetuity the values that have guided our action. What better way to underwrite the security of our community for future generations and to memorialize our good name.” “I invite you to join me in creating a legacy gift for Federation. All of us support the mission and vision of Federation. All of us support the annual campaign. A Legacy gift will make sure that our lifetime commitments will live beyond us.”
  • 4.
    6 7 THIS ISMY LEGACY: HOW SUSIE RUBIN DECIDED TO CREATE A LION OF JUDAH ENDOWMENT What’s the best part of being a member of the Jewish Cleveland community? Being a part of the Jewish Cleveland community is extremely important to me. My house has always been in suburban Cleveland, but the Jewish community has helped make this area my home. It has given me a sense of belonging to something much greater than my family alone. What are the things that motivate you to donate your time and money? I feel so very fortunate to be able to give back to the community that has provided so much for me. The incredible needs locally, nationally, and internationally motivate me to be both generous with my time and with my philanthropy. I work with the Federation to encourage others to take responsibility and respond to those who need our help. Tell us about becoming a Lion and then endowing your gift. I chose to give a Lion of Judah* level gift ($5,000) at a time when I undertook a volunteer leadership role in another organization. I couldn’t commit the same amount of volunteer time to the Federation’s Women’s Division, but I wanted to maintain my level of involvement through my Campaign gift. Becoming a Lion of Judah made me feel that I was still giving all that I could to the Federation. When I joined the Create Your Jewish Legacy committee at the Federation, I realized how important it was to endow my campaign gift. How did you achieve your goal? I talked to others who had endowed their gift and I learned of the many ways to accomplish creating a Jewish legacy in Cleveland. I quickly realized that it was something that I could facilitate rather easily. With some guidance from Federation staff and financial professionals, my husband, Steve, and I were able to make certain that my gift will live on with a gift of insurance. What would be your advice for someone thinking about leaving a legacy? I would suggest contacting the very capable endowment specialists we have here at the Federation. They are readily available to create the mechanism appropriate for each donor. It’s a personal experience. A&Q Thank you to the women who have perpetuated annual campaign gifts by creating a Lion of Judah endowment. Terry Adelman Karen B. Altschul Beth Wain Brandon Loretta R. Borstein in memory of Jerome Borstein Marilyn B. Cagin Florence Chelm Reneé Chelm Nan Cohen Bernice Sapirstein Davis Lois J. Davis Jane Friedman Mady Friedman Beverly Gans Peggy Garson Eleanor Gerson* Holly B. Gertman* Adrienne Goldberg Toby Goldfinger Francine M. Gordon Tamra F. Gould Roe Green Penny Greenberger Erica Hartman-Horvitz Anita Heller Ann Nickman Jacobson* Suellen Kadis Carol Lader Fran Lasky Sandra Lipman The Marianna Luxenberg Lion of Judah Endowment in Memory of Herbert Luxenberg Cookie Marcus Lois Marcus Barbara Meckler Anne Miller* Shari S. Perlmuter Cathy Randall Susan Rubin Evie Safran Eileen W. Sill Karen Lipman Steiger Marjorie H. Stonehill* Peggy Gries Wager Nina Wain* Betty Weintraub Judith Weiss Trudy Wiesenberger Judy Klein Willensky Sandra Wuliger Dara G. Yanowitz Donna Yanowitz Anonymous L I O N O F J U D A H ENDOWMENT CONTACT US Interested in creating a Lion of Judah endowment? Contact Elizabeth Klein at 216-593-2835 or eklein@jcfcleve.org. All inquiries are confidential. * of blessed memory * A Lion of Judah gift is made by a woman making an individual gift of $5,000 or above to the annual Campaign for Jewish Needs.
  • 5.
    8 9 You maydesignate the Jewish Federation of Cleveland in your estate planning documents. You may specify a dollar amount, a percentage of your estate or the residue of your estate. You invest in the future of the Jewish community. All gifts entitle you to membership in Federation’s Legacy Society. TOP FIVE WAYS RETIREMENT ASSETS DONOR ADVISED FUNDS CHARITABLE BEQUEST You notify you plan administrator of your desire to name the Jewish Federation of Cleveland as a full or partial beneficiary of your retirement assets and complete a change of beneficiary form. Your retirement assets are a tax- wise asset to use for charitable giving as they could be subject to both estate tax at the time of your death and income tax when distributed to beneficiaries. 21 3 54 You donate cash, securities or other property to the Federation to establish th fund. You may recommend grants to qualified public charities at any time. The Federation invests the fund, allowing you to make grants from principal and income. You may receive charitable income tax deduction for all donations to the fund. LIFE INSURANCE Life insurance can be used to fund a charitable gift to the Jewish Federation of Cleveland, permitting you to make a substantial legacy gift for a relatively modest outlay. A gift of life insurance is easy to arrange and administer. You may be able to make a more significant gift than might otherwise have been possible. CHARITABLE GIFT ANNUITY A charitable gift annuity is a contract between you and the Jewish Federation of Cleveland that provides you and/or your designated beneficiary with a guaranteed annual income for life, while creating a permanent legacy. You can provide immediate and guaranteed income for yourself, a spouse, child or other individual. (Gift annuities for persons other than you or your spouse may have gift tax and capital gains tax consequences.) How does it work? JEWISH LEGACY MEET THE TEAM TO CREATE ATHE CAROL WOLF 216-593-2805 ALAN GROSS 216-593-2818 ELIZABETH KLEIN 216-593-2835 MICHAEL COLE 216-593-2795 MATT KALIFF 216-593-2831 HEDY MILGROM 216-593-2850 ANN GARSON 216-593-2814 Your trust or will is an important element of your estate plan; it enables you to protect the people you love, create a lasting partnership with the Jewish Federation of Cleveland and ensure the future of the community. When you designate the Jewish Federation of Cleveland as a beneficiary of your retirement assets, you create a legacy that enables the Federation to support the Jewish future in Cleveland and around the world. A named endowment fund creates a permanent legacy, perpetuating your ideals and your name while ensuring the future of the Jewish community. Life insurance – an innovative way to perpetuate your legacy for the Jewish community. A charitable gift annuity enables you to contribute to the Jewish Federation of Cleveland and the community, and at the same time enjoy a fixed annual income. Contact any member of our team for a confidential conversation about these or other vehicles. What are the benefits?
  • 6.
    10 11 CLOCKWISE FROMLEFT: Lori Compton handles an artifact from the Jewish Archives. A group gathers to examine documents. Erica Hartman-Horvitz and Richard Horvitz sign their Endowment Book of Life statement. Susan Hurwitz, event co-chair, connects with other Legacy Society members. Annette Lusher greets Stanley Blum with a smile. Orry & Sheila Jacobs show their Endowment Book of Life statement. ABOVE: Allan Morris discusses a collection of patches from the Cleveland Overall Company with Sean Martin, Associate Curator of Jewish History. AT RIGHT: Maury Feren, Will Sukenik, and Irv Fine say hello. T he Jewish Federation of Cleveland’s endowment donors celebrated Cleveland’s rich Jewish history this summer, at a special event recognizing their contribution to our community’s future. Featured guest speaker John J. Grabowski, Ph. D., Senior Vice President of Western Reserve Historical Society, shared historical events and artifacts from The Cleveland Jewish Archives at the Western Reserve Historical Society, which preserves the history of Northeast Ohio’s Jewish community and helps others understand how this history contributes to life today. Guests explored items from the extensive collections of the Cleveland Jewish Archives, which is supported by a Federation endowment fund, ensuring the Jewish Archives will continue and flourish for years to come. A SPECIAL EVENING OF CELEBRATING OUR RICH JEWISH HISTORY John J. Grabowski, Ph.D., is a professor, author, and noted Cleveland historian, jointly appointed at Case Western Reserve University and the Western Reserve Historical Society. Thank you for joining us, John! THE ENDOWMENT BOOK OF LIFE is a collection of personal statements written by donors who have made commitments of $100,000 or more to the Federation’s Endowment Fund. Donors are given the opportunity to sign their statements during the Legacy event. The Endowment Book of Life is on permanent display at the Federation’s Mandel Building.
  • 7.
    12 13 JEWISH PHILANTHROPISTSENDOW SUMMER CAMP PROGRAM TODAY’S JEWISH CAMPER IS TOMORROW’S JEWISH LEADER, which is why Jewish philanthropists Michael and Anita Siegal are investing in the next generation and endowing a Jewish summer camp program: it’s important to the future of the Jewish community. ENSURING A JEWISH FUTURE: W orking with the Jewish Federation of Cleveland, the Siegal’s $1.25 million dollar endowment establishes The Michael and Anita Siegal One Happy Camper Program, with the goal to recruit Jewish children to overnight camp who might not attend without incentive. “Anita and I are both committed to sustaining and growing a vibrant Jewish community in North America,” said Michael Siegal. “Data has proven that overnight camping can make a substantive difference toward a child’s $1.25 million endowment establishes The Michael and Anita Siegal One Happy Camper Program Siegal Family will ensure that many more children will be able to experience joyous Judaism at Jewish camp for years to come.” To date, nearly 50% of Cleveland families who participated in an incentive program may not have attended Jewish summer camp otherwise; but, believed their participation “very positively” affected their families overall connection to the Jewish community. One mother reported, “This is the best chance for my kids to feel connected to the Jewish community of Cleveland.” The Michael and Anita Siegal One Happy Camper Program is a program of the Jewish Federation of Cleveland and operates in partnership with the Jewish Education Center of Cleveland and Foundation for Jewish Camp. not just for Cleveland but for the national Jewish community as well.” Mr. Siegal, who is current Board Chair of Jewish Federations of North America (JFNA) and former Board Chair of Jewish Federation of Cleveland, is committed to perpetuating Jewish life in his hometown of Cleveland and throughout the United States. Cleveland was one of the first communities to develop a campership incentive program to reduce the cost of living Jewishly. In recent years, the Federation has partnered with the Foundation for Jewish Camp to increase the number of Jewish youth who attend Jewish summer camp. “Through our partnership, we have doubled the number of children attending Jewish camp from the Cleveland area,” said Jeremy J. Fingerman, CEO of Foundation for Jewish Camp. “The leadership gift from the journey toward this goal. We are delighted in partnering with the Foundation for Jewish Camp and the Jewish Federation of Cleveland to make it possible for more young people to consider participating in the joy and fun of Jewish camping.” Research shows that when children return home from Jewish summer camp they have a deepened connection to Jewish life and culture and they have developed new friendships that will last their lifetime. These connections, to people and community, are transformational. For example, 7 out of 10 young Jewish leaders who are active in the Jewish community went to Jewish summer camp while 1 out of 3 Jewish professionals such as rabbis, cantors, and teachers were counselors at Jewish summer camp. “The Siegals’ gift advances two community priorities, the creative development of Jewish identity in young people and the cost of living Jewishly,” said Steve Hoffman, President of the Jewish Federation of Cleveland. “It’s an example
  • 8.
    14 15 Bringing respiteto victims of terror attacks in Israel Upgrading security for our community Transforming young lives through mentorship Caring for our aging Holocaust survivors LEARN MORE about what the Federation does 365 days a year at www.jewishcleveland.org. RESPONDING IN TIMES OF CRISIS FUNDING INNOVATIVE IDEAS PROVIDING A SAFETY NET SUPPORTING OUR COMMUNITY ...and more! Offering shelter from domestic abuse Scholarships for higher education Supplementing the Campaign for Jewish Needs during economic downturn HOW THE FEDERATION’S ENDOWMENT FUND CHANGE THE WORLD IS HELPING Building lifelong connections with Israel
  • 9.
    16 DONOR ADVISED FUNDSAT JEWISH FEDERATION OF CLEVELAND have historically provided individuals with a near-perfect tool for effective, efficient philanthropic grant making as well as maximizing tax advantages. Donors may not realize, however, that creating a donor advised fund may also be a first step in engaging family members in the philanthropic process. Donor advised funds are easy to establish at the Jewish Federation of Cleveland, enabling you, the donor advisor to retain the privilege of making charitable grant recommendations. DONOR ADVISED FUNDS BRING FAMILIES TOGETHER Once in the fund, the donor may make grant recommendations from the fund to qualified public charities. IT’S EASY! 👤A donor advised fund may be funded with gifts of cash, securities or other property. 17 SNAPSHOT: Donor Advised Fund Benefits Donor advised funds provide an excellent tool for current giving, but also an effective first step to creating a meaningful philanthropic plan that benefits both the donor and the community. Online tools make accounts accessible at all times, providing record of current and past philanthropic giving. The Federation verifies the tax status of the grantee organization.  Income is earned on all donations to the fund  All income generated by the fund is tax-free  An immediate income tax deduction is available for the amount of the initial gift  May be used to create endowments in perpetuity ✓ A Donor Advised Fund (DAF) is one vehicle that encourages intergenerational conversations about values and philanthropic priorities between family members. Some donors allow their children to recommend grants of a certain amount each year, and others gather at the dinner table to make philanthropic choices together. Either way, the fund acts as a catalyst for family philanthropy. As years pass, and family members age, a DAF can also be a valuable tool in creating a philanthropic estate plan. Donors may recommend grants during their lifetime through their DAF. They may also recommend grants to be made upon their deaths – either liquidating the fund entirely or creating an endowment fund in their names. Donors may designate successor advisors, often family members, giving their heirs the privilege to make grant recommendations of their own choice. The next generation then carries on the family’s value of philanthropy. CONTACT US For assistance in setting up a DAF, contact Carol at 216-593-2805 or cwolf@jcfcleve.org. The Federation invests and administers the fund’s assets, processes recommendations, mails checks to the recipient organizations and reports to the donor advisor. $
  • 10.
    18 19 O n anygiven day during the Campaign for Jewish Needs, you can find Stanley Blum at the Federation’s Mandel Building calling prospective donors. Other days, he can be found volunteering at a food bank or at his synagogue. In the spirit of tikkun olam, Stanley is actively involved in his community. Through thoughtful estate planning, his involvement will continue beyond his years. Stanley first moved to Cleveland in 1970 with his beloved wife Betty (z”l). The happy couple enjoyed being part of a vibrant Jewish community. When local worthy charities asked for support, the Blums responded generously, giving back to the community they loved. When Betty sadly passed away in 2012, Stanley began to think seriously about what their legacy would be and how they would leave their mark in the Jewish community beyond both of their lifetimes. WILL KEEP MANY SMILING 92-year-old Stanley Blum is creating his Jewish legacy every day and is having the time of his life doing it. he could make larger, more impactful gifts to the charities closest to him with retirement assets. In addition to the joy he gets from leaving a legacy, this designation will save his heirs from income tax obligations. “I have discussed my plans with my children and they are thrilled with the deep satisfaction I’m feeling from helping our community beyond my lifetime,” said Stanley. Using retirement assets to fund a charitable gift is easy. It does not require an attorney to change or add a beneficiary. So, just like a spouse or children can be beneficiaries of an Individual Retirement Account (IRA) or 401K, an organization can also be designated as a beneficiary. A specific amount or percentage of retirement assets can be designated for a charity, helping a favorite charitable organization thrive for years to come. Unfortunately, most donors do not inform charities of their intentions, which deprive the charity of the opportunity to show appreciation or recognize the donor’s generosity. By informing his beloved charities of his intended bequests, Stanley allowed the Federation to thank him now and ensure his wishes are known. Stanley and donors like him give L’dor V’dor special meaning. When the time comes (hopefully not for many years) we will think of Stanley and smile with gratitude. HOW ONE MAN’S BEQUEST Stanley Blum Stanley continued to support many charities with annual gifts, while consulting confidentially with the development professionals at the Jewish Federation of Cleveland and his attorney about what the future could hold. He learned To make an unrestricted bequest to the Federation: I give $ ______ (or specified property) to the Jewish Federation of Cleveland, Cleveland, Ohio. To make a specific bequest to the Federation: I give $_____ (or specified property) to the Jewish Federation of Cleveland, Cleveland, Ohio, to establish a fund to be known as the “___________ Fund,” subject to the Federation’s rules governing the operation of endowment funds, the annual distribution from which shall be used to support (choose one or more): • the Federation’s annual Campaign for Jewish Needs; • the Federation’s unrestricted endowment fund; • a specific area of interest (e.g., Jewish education, children at risk, homelessness); • a particular partner agency or agencies of the Federation. To add a bequest to an existing fund of the Federation: I give $_____ (or specified property) to the Jewish Federation of Cleveland, Cleveland, Ohio, to be added to the ________ Fund,” subject to the Federation’s rules governing the operation of endowment funds. EXAMPLES Please share this language with your legal counsel. A Federation professional would be happy to discuss the financial, tax and legal issues and implications of establishing a charitable gift plan with you and your professional advisor. For more information on Charitable Bequests, contact Carol F. Wolf at 216-593-2805. All inquiries are confidential. A BEQUEST IS AN EASY WAY TO CREATE A LEGACY GIFT How do I make a charitable bequest? If you already have a will or trust in place, your attorney can prepare a simple amendment. Donors with bequests of any amount are recognized as members of the Federation’s Legacy Society. What is a charitable bequest? A bequest is a legacy gift, distributed from a donor’s estate after the end of his or her life. A bequest can be designated to a specified interest or area, or can be unrestricted to ensure the most pressing needs of the community are met. CHARITABLE BEQUESTS
  • 11.
    20 Mandel Building 25701 SciencePark Drive Cleveland, Ohio 44122-7302 OF CLEVELAND Jewish Federation MEET THE MECKLERS “We are very grateful to be able to establish our endowment fund and join other Clevelanders in signing the Endowment Book of Life. Thankfully, the Jewish Federation of Cleveland has given us the opportunity to help preserve our renowned Jewish institutions and provide help around the world for our children, grandchildren and future generations.” – BARBARA AND DON MECKLER The Jewish Federation of Cleveland (license # CH22328) is registered to solicit charitable donations within Florida and provides disclosure as required by Chapter 496 of the Florida Solicitation of Contributions Act as follows: “A COPY OF THE OFFICIAL REGISTRATION AND FINANCIAL INFORMATION MAY BE OBTAINED FROM THE DIVISION OF CONSUMER SERVICES BY CALLING TOLL-FREE (800-435-7352) WITHIN THE STATE OR BY VISITING WWW.800HELPFLA.COM. REGISTRATION DOES NOT IMPLY ENDORSEMENT, APPROVAL OR RECOMMENDATION BY THE STATE.”