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May 30, 1975 - Image 50

Resource type:
Text
Publication:
The Detroit Jewish News, 1975-05-30

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

THE DETROIT JEWISH HEW

50 Friday, May 30, 1975

Dance Workshop
Slated at Center

The Jewish Community
Center's second annual
dance workshop will take
place Monday through June
12. This year's guest artist
will be Christopher Pilafian.
Workshops are offered in
both the morning and eve-
ning, for the beginning, .in-
termediate and advanced
dancers. Classes are open to
men and women, age 16 and
older. For fee and registra-
tion information, contact
the Center, 545-8780.

NY's Midtown Has
New Synagogue

NEW YORK (JTA) — The
new Sutton Place Syn-
agogue and Jewish Center
for the United Nations was
consecrated recently, mark-
ing the construction of the
first Jewish sanctuary in
the city's east midtown area
since the turn of the cen-
tury, center officials said.

S&O POOL
DOCTORS

Weekly Cleaning & All Repairs

Mark Orechkin & Tom Stubbs
557-2657

GIANT FLEA
MARKET
May 31, 11-10 --

June 1, 11-6

West Side Armory

8 Mile Nr. Greenfield

OVER 200 DEALERS

Schaupeter
Promotions

, Info & Booth Space
282-0040 & 731-9560

Taxes and Your Future

1

The taxable estate is com-
puted by taking specific de-
ductions against the gross
estate.

The federal estate tax is
the graduated tax applied
to the1V- -61e estate on the
tray: X' of property at
death.

Deductions applicable to
gross estate to determine
taxable estate include ex-
CAM_
penses and debts, a marital
Editor's Note: Guidance on deduction, charitable gifts,
important problems provided and the final deduction is a
by Jewish Welfare Federa- $60,000 specific exemption,
tion-United Jewish Charities which is applied against the
Endowment Fund Tax Advi- estate.
sory Committee. Professional
Gifts made to family
advice about issues discussed members and others will
in these columns should be
often save estate taxes and
secured from an attorney or
are an alternative to taking
an estate planning adviser.
the charitable deduction
Questions of general interest
in these matters should be after death.
Although lifetime gifts to
addressed to "Taxes and
Your Fhture", care of the your family may be sub-
Jewish News, 17515 W. Nine jected to the gift tax. sub-
Mile, Southfield, Mich. 48075. stantial tax savings can nev-
When you and your estate ertheless be achieved. No
planner consult about the federal gift tax is due until
taxation situation you'll you've given one donee (re-
cipient) more than $3,000 in
hear these terms.
The gross estate is the to- one year. Each donee has a
tal value of all the dece- lifetime exemption which
dent's property. This in- totals $30,000. Gift tax rates
cludes securities, personal are less than estate tax
rates.
and real property, cash,
One spouse may allow
mortgages, notes, life insur-
ance when proceeds are re- the other the use of the
ceivable by the estate or annual $3,000 exclusion
and lifetime $30,000 ex-
when the decedent retained
emption, thus doubling the
an "incident of ownership,"
jointly-owned property, ceiling on tax-free gifts to
$6,000 per year and $60,000
(unless the estate can prove
during a lifetime. This is
the survivor paid for the
applicable even when the
property), and transfers
made in contemplation of gift is made from one
spouse's property, as long
death. The gross estate is
as the other spouse con-
valued (fair market value)
sents.
either at death or within six
'Sometimes income tax
months after death. The
savings result when the do-
executor of the estate may
nee is in a lower tax bracket
elect its preferred value.
than the donor. These same
tax savings apply to charita-
ble gifts.
Gifts made the Jewish
Welfare Federation, United
Jewish Charities or one of
its agencies qualify for the
income tax charitable de-
duction. The charitable gifts
of money are now deducti-
ble up to 50 percent of your
adjusted gross income, and
you can carry any "excess"
for five years. Gifts of long
term securities and real
property are deductible up
to 30 percent of your ad-
justed gross income and
have the same five-year car-
ryover allowance.

RAY & IDA'S
DRESS SHOP

SUMMER
CLEARANCE
50% OFF

INCLUDES SIZE 6-14
• PANTSUITS • SWEATERS • SLACKS
• LONG DRESSES • SHORT DRESSES
• BLOUSES • SKIRTS

SALE BEGINS SUNDAY
JUNE 1st

10:00 A.M.-5:00 P.M.

RAY & IDA'S
DRESS SHOP

25603 COOLIDGE, OAK PARK, MICH.

BETWEEN 10-101/2 MILE RD.

Hours: Mon-Sat.
10 a.m.-5 p.m.

es

a*

'w

Michigan Bankard and
Master Charge Accepted

ai

ar

Something new has been
added to the concept of the
Charitable Remainder
Trusts. It's called the Jew-
ish Federation Pooled In-
come Fund and will be dis-
cussed in a later column.

For estate planning infor-
mation, call C. Kenneth Sar-
ason, secretary of the JWF-
UJC Endowment Fund,
965-3939.

Mini-Programs
Slated at Center

A series of four-week
mini-programs for pre-
school youngsters will begin
Sunday at the Jewish Com-
munity Center. The pro-
gram will include arts and
crafts, nature-lore, music,
drama, and Jewish and Is-
raeli culture. For informa-
tion, call the Center's group
services office, 341-4200.

Scholar to Address Stollman Dinner

Dr. Lawrence Marwick,
chief of the Hebraic section
of the Library of Congress,
will be the guest speaker at
the annual Jewish National
Fund Dinner, which will
honor Mr. and Mrs. Max
Stollman and Phillip Stoll-
man June 18th at Cong.
Shaarey Zedek, it was an-
nounced by Morris J. Brand-
wine, dinner chairman.
Tribute will be paid to the
Stollmans "in recognition of
their services to the Jewish
National Fund, to Israel, the
Allied Jewish Campaign,
Bar-Ilan University in Is-
rael,- Akiva Day School, the
Young Israel Movement,
Bnai Brith Hillel Founda-
tion, Yeshivath Beth Ye-
hudah, Yeshiva University,
and the Albert Einstein
College of Medicine in New
York, Mizrachi, Wayne
State University, and other
communal, religious and
educational causes."
The Stollman Family
Park and Recreation area
will be established in the
American Bicentennial
Project near Jerusalem, as a
salute to 200 years of Amer-
ican Independence and the
75th anniversary of the Jew-
ish National Fund. The
Stollman Park will be
among the first to be estab-
lished in this area.

largest collection of He-
braica, Judaica, and Semi-
tica ever assembled under
government auspices and
one of the most extensive in
the world.

Through Dr. Marwick's
efforts, dozens of large
book collections have been
shipped to the Jewish Na-
tional Fund and Hebrew
University Library in Is-
rael, to the Technion and
to many kibutzim, munici-
pal and nahal libraries. He
is a library consultant to
several distinguished in-
stitutions.

DR. MARWICK
Philip Slomovitz is dinner
on
Dr. Marwick is editorial co-chairman, and Dr
adviser to the Jewish Book Fill is associate chaff
Annual, and is an author, Honorary chairmen for - thL
his works including "A Stollman Dinner include:
Handbook of Diplomatic Max Fisher, Mrs. Morris
Hebrew" and Arabic corn- Adler, Mrs. Morris Brand-
mentaries on the Book of wine, Louis Berry, Irwin I.
Psalms and on the Prophets Cohn, Dr. William Haber,
Joel, Amos, Obadiah, Jonah Dr. and Mrs. I. Jerome
and Micah. He is chairman Hauser, Bernard Isaacs
of the national library com- Leonard N. Simons and
mittee of the American Paul Zuckerman.
Proceeds from the $100-a-
Friends of the Hebrew Uni-
versity. He has also written plate dinner will be used for
several texts on the lives of the planting of trees. For
reservations, call the JNF,
biblical commentators.
The Hebraic section in the 968-0820.
Library of Congress, which Israel Gets 100,000
Dr. Marwick directs, is the

.

Palsy Association
Has Rehabilitation
For Handicapped

Defense Volunteers

TEL AVIV (ZINS) —
More than 100,000 volun-
Dr. Marwick, a leading
teers have registered for Is-
Semitic scholar, won his
rael civil defense, it was re-
MA degree at the Univer-
Anyone with a physical vealed by Minister of Police
sity of Chicago and was handicap, between 18 and Shlomo Hillel. As a result,
awarded his doctorate by 55, is eligible for help from there was no need to con-
Dropsie College. He stud- the United Cerebral Palsy sider a law for compulsory
ied at the National Univer- Association. registration for this service.
sity of Cairo, Egypt, for 18,
The association, located Minister Hillel said that
months. Dr. Marwick was at 10 Peterboro, has a train- many of the volunteers were
a special agent in the ing program for all handi- students age 17 and 18.
Counter-Intelligence
capped people. Classes are
Corps in World War II.
offered in sewing, bowling, Korff Resigns
He has taught modern gardening, bridge and other
as Fund Raiser
Hebrew and Arabic at New activities.
York University for more
There is no charge for the
NEW YORK — Rabbi
than 15 years and Arabic programs, and transporta- Baruch Korff, chief legal
and Islamic studies at Drop- tion will be provided, if fund-raiser for President
sie College, where he served needed. For information, Richard Nixon, has an-
on the board of governors.
call UCPA, 833-4307.
nounced his retirement
from that position. Rabbi
*
Korff said he is resigning
for personal reasons as
NEW 'YORK (JTA) — to the JNF totalled $12 mil- chairman of trustees of the
Despite the uncertainty of lion, half of it raised in the President Nixon Justice
Fund and as president of
the future status of the ter- U.S.
the United States Citizens'
ritories taken by Israel in
Congress. More than
the 1967 Six-Day War, the
Americans Still
$190,000 has been paid to
Jewish National Fund
Support Kissinger
Nixon's lawyers.
(Keren Kayemeth Lelsrael)
is purchasing and develop-
N-EW YORK (ZINS) — A
ing land in those areas. "In
recent Gallup poll in April
MICHAEL KAPLIT
fact it is our policy not to
shows that Dr. Henry Kis-
Photography
turn down any offer for
singer still enjoys the con-
land purchasing," said Shi-
Weddings • Bar Mitzvas
fidence of most of the
mon Benshemesh, director
American people.
642-1039
general of the JNF.
Of those questioned, 56
According to Benshemesh percent said that they were
the JNF has already pur- satisfied with the way Kis- * ***-li******IFt
-
chased and developed land singer is conducting U.S.
Austin
in the West Bank, especially foreign policy; 25 percent
in the vicinity of Jerusalem,
expressed dissatisfaction;
gallerieF
the Jordan Valley, the Go- and 19 percent had no opin-
lan Heights and northern
ion.
3500 Original
Sinai. "Arab landlords
* Oil Paintings and Graphics *
sometimes show surprising
s t
By Leading American
willingness to sell land,
and European Artists
"r
..,
_T
MAGICIAN
especially those landowners
3," Featuring Original Graphics By
_4
who reside abroad," he said.
f-
Norman Rockwell
Available For All Occasions
fir
and LeRoy Neiman
Jr
Benshemesh, who arrived
23 years experience
here for a four-week tour of
MAGICAL Ma
Open 7 Days Weekly
1
the U.S. and Canada on be-
1 Northland and Eastland Cantor 11,
547-2464
half of the JNF and its
**************
planned $6 million Bicen-
tennial project near Jerusa-
/or 14, 2)1. .icrinzinating
lem, disclosed that contribu-
tions this year to the JNF
Ordieilra
throughout the world will
anbc7
uck
exceed last year's by more
than 15 percent.
Last year's contributions

JNF Develops Territories

m

pm

358-3642

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