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November 01, 1968 - Image 14

Resource type:
The Detroit Jewish News, 1968-11-01

Disclaimer: Computer generated plain text may have errors. Read more about this.


14—Friday, November 1, 1968

Jokes Galore in Wachs' Book

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who is a well-known public rela-

There are many tips for public
tions executive.
speakers, for toastmasters and
Boris Smolar's
those who seek to battle their way
Many of the stories are old
corny, but the
through life humorously, in "The
kes and How to Tell yarns,
are has so much to
entire some
Jo Mark book,
Th em" by
published by choose from that this work is cer-
large demand among
Hawthorn Books (70 5th, NY11), tain to have a
stories under more those who need It for their speeches
and many who will wish to be en-
(Copyright 1968, JTA Inc.)
130 headings.
tha n here
tertained as readers of tales they
are riddles, scores of wise
ENDOWMENT PROGRAMS: Endowment fund development pro-
grams are now mushrooming in numerous Jewish federations through- sayings, stories about politicians can turn to at will.
out the country. Less than a dozen major federations have already and educators, items about re-
accumulated a collective total of more than $100,000,000, and they feel porters and religious ministers.
The lovelorn, merchants, detec-
they have only scratched the surface in their respective communities.
tives, landlords, lawyers, nearly
Fifty other federations have introduced endowment fund programs
every profession, are represented
as part of their ongoing operations.

'Between You
... and Me'

EASY AS 1-2-3




Member Bnai Brith and
cons. Beth Moses

F21 123 On Your Ballot


Philanthropically minded and communally committed men and
women are increasingly open to and eager for opportunities to create
endowments as part of charitable giving during their lifetimes, or
as part of their estate planning. The local federations are making
them aware of such possibilities within the scope of federation and
its agencies.

In general, the purposes of the endowment funds is to provide
a supplementary source of financing for ongoing responsibilities in
the event of a significant failure of the federation's annual fund-
raising campaing and also to provide a source of financing pioneer
projects which cannot be financed from formal operating funds. Ad-
ditionally, endowment funds provide a source of financing for un-
anticipated emergencies. Thus, the Jewish Community Federation of
Cleveland granted $1,000,000 from its endowment fund to the Israel
Emergency Fund Campaign last year during the Arab-Israel Six-Day
War. The Jewish Welfare Federation of Detroit gave the Israel Emer-
gency Fund $500,000 from its endowment fund, and the Jewish Welfare
Federation of San Francisco granted $250,000 to the IEF.

UNLIMITED POTENTIALS: Bequests constitute the chief source
of building endowment funds, but the communities have developed
specialized instruments which have also proven effective.

One of them is "the Letter of Intent"—a simple document which
the prospective donor signs and presents to the federation indicating
his intention to provide a bequest to the endowment fund in his will.
Usually no amount is specified by the donor, but the Philadelphia
Federation estimates that the 825 Letters of Intent which it has already
received will eventually produce about $20,000,000 for the community.
The top five signatories of such letters have made arrangements to
leave a total of about $1,500,000 to the federation. Other communities
can boast of similar achievements.

Then there is the Trust Fund created by federations in a number
of communities. This is a system under which a donor can establish
a trust fund administered by the federation. He can contribute to the
fund from time to time and can direct the federation to pay out specific
sums as philanthropic contributions to a variety of tax-exempt pro-
The third vehicle used by federations for building their endowment
funds is the Insurance Program. Excelling in this program is Boston,
where members of the community's board of trustees have taken
out insurance policies totaling $1.250,000, naming the endowment
fund as the irrevocable beneficiary.

WOMEN'S ROLES: Federation leaders, in discussing the develop-
ment of their endowment funds, lay great stress on the importance of
the role of women. They emphasize that there is great wealth in the
hands of women and that a good part of it could be obtained for the
federation's endowment fund in each city where such a fund has been

Practically every community has had the happy experience of re-
ceiving bequests from individuals who during their lifetimes were
comparatively small contributors, but whose endowment gifts were
sometimes quite substantial. Women are especially generous in their
gifts to endowment funds, as seen from experience of the New York
Federation and Jewish communities in other cities.

Growing Economy, Hike
in Employment Forecast;
$2 Billion Budget Seen










Pd. Pol. Adv.

of an expanding economy, in-
creased employment and more ex-
ports were presented to the cabinet
Sunday in a report by Finance
Minister Zeev Sharef. But it was
disclosed at the same time that
Israel's trade deficit for the cur-
rent fiscal year will amount to an
estimated $600,000,000, compared
to $424,000,000 in fiscal 1967.
The occasion for the report was
the cabinet's debate on the national
budget for fiscal 1969, which begins
April 1. Next year's over-all budget
was expected to exceed $2,000,000,-
000, compared to $1,570,000,000 ap-
proved by the Knesset for the
current fiscal year.
The projected larger trade de-
ficit, despite increasing exports, is
attributed in part to an influx of
investment goods, to defense needs
and increased private consumption.
Ephraim Dovrat, financial adviser
to the treasury said the projected
deficit did not include the 50 phan-
tom jet planes that Israel is seek-
ing to buy from the United States.
According to Sharef's report, the
number of employed persons rose
by 9 per cent of 75,000 workers.
Investments grew by 40 per cent
and exports by 16 per cent.

in the collection by the author

Prominent Arab on Trial

as Spy for Iraqi Govt.

(Direct JTA Teletype Wire
to The Jewish News)

TEL AVIV — A prominent West
Bank Arab who was formerly a

member of the Jordanian Parlia-
ment pleaded not guilty before a
military court Tuesday to charges
of espionage and contacts with the
enemy. Moustafa Ahmed Abou
Becker, of Jenin, has been brought
to trial for allegedly handing over
and planning to hand over informa-
tion of military and security nature
to the Iraqi Embassy in Amman.
According to the prosecution,
Becker gave Iraqi diplomats the
names of West Bank Arabs who
collaborated with Israel and infor-
mation on Israeli military encamp-
ments and installations. Becker
was also accused of collecting in-
formation on Israeli mobilization




SU-PER V ISORr ....=

In September and October...they get up before the sun and
go to school in darkness...

In May and June...they go to bed before the sun and have
to sleep in sunlight...

All because of "double daylight' time!

Only Michigan has to tolerate the abnormal extremes of
nighttime sunlight and morning darkness. Give the kids the
safety of daylight when they need it the most!


P oR n O SP TO AS TA EL N sov







• BA., Economics, U. of M. (1955)
• LLB., U. of M. Law School in 1958
• Captain of the 1955 U. of M. Big Ten Champion-
ship Tennis Team
• Recipient. of the Fielding H. Yost award for out-
standing scholarship, athletics, and leadership.
• Director and Treasurer, Muscular Dystrophy As-
• Member, "M" Club
• Member, University of Michigan Club, Detroit
• Practicing attorney and Vice-President of the
Nederlander Theatrical Corporation (including
Detroit's Fisher Theater).

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