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November 29, 1974 - Image 20

Resource type:
Text
Publication:
The Detroit Jewish News, 1974-11-29

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

THE DETROIT JEWISH NEWS
20—Friday, Nov. 29, 1974

Students Get Funds
for Jewish Center
Service Courses

NEW YORK—Seventy stu-
dents, all of them future staff
members of Jewish commu-
nity centers and YM and
YWHAs are enrolled in pro-
fessional graduate courses in
colleges and universities un-
der 88 scholarship and fel-
lowship grants valued at
$136,995, it was announced by
Daniel Rose, president of the
National Jewish Welfare
Board.
Of the 88 grants, 29 are
sponsored by Jewish com-
munity centers and YM-
YWHAs, 47 are national
grants, 12 are made through
JWB area councils and Jew-
ish federations. Some stu-
dents received more than
one grant.
JWB's scholarship p r o -
gram is professionally direct-
ed by Irving Brickman, train-
ing consultant of JWB's per-
sonnel services. JWB coun-
sels and awards scholarships
to qualified applicants, main-
tains liaison with schools of
professional education, and
coordinates regional and na-
tional training programs.
Careers in Jewish commu-
nity centers consist of ad-
ministrators, social workers,
health and physical educa-
tors, Jewish cultural arts
specialists, early childhood
educators, camping profes-
sionals, Jewish educators,
and other positions.

Truth never dies, but lives
a wretched life.

THE FINEST
VALUES
IN THE
COUNTRY

Taxes and Your Future

Israel Students Conformists,
Tel Aviv U. Faculty Study Shows

Afraid of the High Cost
Of TV Repairs??
Editor's Note:
Call
Guidance on important
LOS
ANGELES

A
re-
large,
and
a
very
small
num-
problems is provided by Jew-
search project recently com- ber identified with only one
ish Welfare Federation-
pleted by two members of the or the other.
United Jewish Charities en-
faculty of Tel Aviv Univer-
dowment fund tax advisory
For
experienced reliable ► ...
sity has shown that Israeli
We reach out towards the
committee. Professional ad-
service at reasonable prices.
students are largely con- other. In vain—because we
vice about issues discussed
formists, identifying with have never dared to give our- .No charge for in home esti-
in these columns should be
both the academic world and selves.—Dag Hammarskjold mates.
secured from your attorney
society at large.
or an estate planning advisor.
The intensive survey was
Questions of general interest
conducted over a period of
in these matters should be
addressed to "Taxes and though no fixed rate or return months by Prof. Rina Shapi-
ra, dean of students and head
Your Future", care of the can be guaranteed.
of Tel Aviv University's de-
Jewish News, 17515 W. Nine
on your portion partment of sociology, and
Mile Road, Southfield, Michi- of Earnings
this pool are distributed to Dr. Eva Etzioni-Halevy, a
gan 48075.
you and your wife quarterly. sociology lecturer. Their find-
*
*
Upon the termination of the
My wife and I have been life interest (you and your ings included:
• Most students seem to
fairly active in the commun- wife), your share of the cor-
ity. Our children are doing pus is transferred to the en- have a clear idea of acquir-
well. I am planning to retire dowment fund of the United ing their education for occu-
pational purposes, with the
within the next 5 years.
Jewish Charities.
possible exception of a cer-
Some friends of ours who
Aside • from an attractive tain proportion of female stu-
were in Chicago for the gen-
eral assembly of the Council return, there are other ad- dents who study for the sake
of studying only.
of Jewish Federations and vantages:
• a Federal income tax
Welfare Funds mentioned a
• Student aspirations seem
charitable deduction,
"new community fund."
to be realistic—not aiming

freedom
from
invest.
• , ,g N :Af .tv •cie;.: : :. .FN
Question: How can this
romantically high. About 66
ment worries,
"new fund" help us
per cent expect to belong in
• possible avoidance of the future to the upper mid-
Answer: Simply stated, a
capital gains tax,
gift to this "new fund" can
dle class, 11 per cent to the
• a wide range. of helpful
pay income to you and your
upper
class and 23 per cent
estate planning possibil-
wife for life.
to the middle or lower class.
ities.
It works like this . . . you
Only 25 per cent of all stu-
MV4:5 ;',1PV;
make a contribution to the
It is most important to re- dents were classified as
Zie
•Vse.?;
United Jewish Charities of member, however, that the strongly ambitious. Of these,
;KK1
Detroit — cash, securities, or real investment is in the Jew- 42 per cent were males and
other assets, with the provi- ish community of Detroit, only 8
per cent females.
sion that it become part of now and in the future. It is
F ")
• About 64 per cent of the
the "Jewish Federation Pool- the kind of investment that
male
students
expect
to
get
ed Income Fund" which is has made the Federation-
similar to a mutual fund. Charities a recognized' lead- direct practical benefits from
Your gift becomes part of a er in the field of social wel- their studies.
Practically none of the
pool in this "new fund", fare locally, nationally and
students surveyed failed to
along' with similar contribu- overseas.
tions from all over the coun-
For those wishing to make identify with neither the aca-
try.
a charitable gift, obtain life demic world nor society at
This 'pool of assets" is income, and receive income
held in trust and invested and estate tax benefits, this
under the supervision of ex- type of charitable remainder
a
n ka
pert professionals. The earn- trust is the ideal answer.
ings of the fund are divided
Since no two situations are
At
among all of the contributors identical, it is important that
to the fund. Each contribu- special attention be given to
tor's share of the earnings is each individual on a personal
based upon the proportion basis. Therefore, you should
that his gift was to the total not make any decisions with-
value of the fund during the out the advice and counsel of
income period.
your attorney or accountant.
6
Certain tax advantages en-
However, a phone call to
joyed by this type of pooled Ken Sarason at the Federa-
6466
646•
fund tend to increase its ef- tion office, 965-3939, is a good
t
fective rate of return, al- start.



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