THE DETROIT JEWISH NEWS
November 21, 1975 43
Hanuka Souffle
Taxes and Your Future
BY NORMA BARACH
(Copyright 1975, JTA, Inc.)
CE NC,.
Editor's Note: Guidance
on important problems
provided by Jewish Wel-
fare Federation-United
Jewish Charities Endow-
ment Fund Tax Advisory
Committee. Professional
advice about issues dis-
cussed in these columns
should be secured from
your attorney or an estate
planning adviser. Ques-
tions of general interest in
these matters should be
addressed to "Taxes and
Your Future," care of the
Jewish News, 17515 W.
Nine Mile Road, South-
field, 48075.
Detroit is one of 14 Jewish
Welfare Federations
throughout the country
which are charter members
of the national pooled in-
come fund program estab-
lished in June by the Coun-
cil of Jewish Federations
and Welfare Funds.
The program makes par-
ticipation in a charitable
remainder trust fund possi-
ble for donors of moderate
means. -
The following is excerpted
from a booklet which de-
scribes this new concept in
Jewish philanthropy:
Long-range financial
planning is essential to
provide for the future se-
curity of Federation — and
its important services to
our community.
Federation's endowment
program helps do this, and
the pooled income fund —
with its philanthropic, tax
and estate planning induce-
ments — offers an attrac-
tive "package" for prospec-
tive donors.
The Pooled Income Fund
provides: -
• Income for the life of
the donor or the lives of
those designated by him as
income beneficiaries of his
gift.
• Diversified investment
of the pooled gifts of many
Idonors under professional
I management.
• A deferred gift to the
Federation of the market
value of the contribution at
the time of the decease of
the last surviving income
beneficiary of the gift.
• Tax benefits to the
donor.
• And in many cases,
achievement of a higher in-
come yield without incur-
. ring capital gains taxes nor-
mally associated with
portfolio turnover.
The pooled fund consists
Of deferred gifts to a char-
ity, made during a donor's
life or by will, which are
commingled for investment
purposes.
Such gifts are converted
into units of the Fund which
are revalued periodically.
The number of units allo-
cated to each gift represents
the proportion of the gift to
the total market value of the
fund at the time the contri-
bution is made.
Income earned by the
fund, less cost of adminis-
tration, is distributed
quarterly to the disignated
beneficiaries (who may be
or include the donor) on
the basis of the number of
units allocated to the do-
nors's gift.
Upon the death of the last
surviving income benefici-
ary of each gift, the then
value of the donor's gift is
removed from the Fund and
transferred to the Federa-
tion. .
The Federation —. UJC
endowment fund tax advi-
sory committee notes that
payments made to benefici-
aries and the market value
of fund investments can not
be predicted, but the com-
mittee will provide informa-
tion about its current status
and answer any questions to
interested persons.
For information about
the fund, and copies of its
brochure, contact Ken Sara-
son at Federation, 965-3939.
Jack Anderson Will Speak
at Beth Yehuda Schools Event
Nationally syndicated col- Award. Irwin I. Cohn is gen-
umnist and commentator eral chairman, and I. Wil-
Jack Anderson will address liam Sherr dinner chair-
the 61st anniversary dinner man.
of the Beth Yehuda Schools
For reservations, call the
to be held 7 p.m. Sunday at Beth Yehudah Schools,
Cobo Hall.
557-6750.
Communal leader Nathan
P. Rossen will receive the
school's Golden Torah
BJE Parley Due
NEW YARK — "The Bi-
centennial. and The Ameri-
can Jew Celebration,
Study, and a Vision for the
Future," will be the theme
of the 34th annual peda-
gogic conference of the
Board of Jewish Education
of Greater New York Sun-
day at the High School of
Art and Design in Manhat-
tan.
JACK ANDERSON
An interesting cookbook
has just been published
which makes fascinating
reading as well as offering
interesting recipes. It is
"Jewish Cookery from
Boston to Bagdad" by Mal-
vina W. Liebman, published
at $9.95 by E.A. Seemann
Publishing Inc. of Miami,
Fla. Mrs: Liebman has an
assortment of delicacies
from all over the world, each
prefaced.by a little tidbit
about the area the recipe
comes from.
4 tbsps. butter
1/3 cup sugar
4 1/2 tbsps. flour
1 cup milk
4 tbsps. orange liquer
5 egg yolks
2 tbsps. grated orange rind
1/8 tsp. salt
7 egg whites, beaten
Melt the butter in a saucepan and
add the sugar. Stir until the sugar is
melted. Dissolve the flour in the milk
and add to the butter mixture. Add
the liquor, mixing continuously until
thickened. Remove from heat and
beat in the egg yolks, one at a time.
Cool. Add orange rind. Add the salt to
the egg whites and beat until very
stiff. Fold in the yolk mixture. Pour into
a 10-cup casserole and bake in a pre-
heated 375-degree oven for about 45
minutes. Serve immediately. Serves 4
to.6.
Have a Happy Chanukah
WISER AT
EMIR MILE RD., DETROIT
W. SEVEN MILE RD.
AT EVERGREEN, DETROIT
COOLIOSE AT 1014 MILE RD.
HUNTINGTON WOODS
TEN MILE RD.
AT SOUTHFIELD, SOUTHFIELD
W. `ELEVEN MILE RD.
AT UNSER, SOUTHFIELD
W. SEVEN MILE RD.
AT TELEGRAPH, DETROIT
W. EIGHT MILE RD.
AT GRAND RIVER, UVOMA
GRESIFIELD WAR
EIGHT MILE RD., OAK PAM
SOUTHFIELD AT THIRTEEN MILE RD.
SOUTHFIELD
ORCHARD LAKE RD.
AT MAPLE, ORCHARD LAKE
Prices effective through December 5th. only in the Farmer Jack
stores listed above. Right reserved to limit quantities.
GOLDEN FROZEN
EMPIRE FROZEN
KOSHER
POTATO PANCAKES
KOSHER
NEN TURKEYS
12-OZ.
PKG.
88s
10 TO
15 LB-.
AVG.
LB.
79'
Minorities, Women
Barred From Jobs
in Saudi Arabia
SACRAMENTO (JTA) —
The California State De-
partment of Transportation
has announced that Jews,
blacks and women will be
excluded from a plan to
send as many as 500 soon-
to-be jobless highway engi-
neers to build roads in Saudi
Arabia.
Robert Best, chief deputy
of the Transportation De-
partment, said that under
the program in which the
state will technically keep
the engineers on the payroll
while Saudi Arabia pays
their salaries, they will
comply with Saudi Arabia's
policy "not to issue a visa to
anyone connected with the
Israeli government."
He -§aid to the Saudis this
means anyone who is Jew-
ish.
Another department offi-
cial reportedly said that in
addition to Jews, blacks are
not rwelcome in Saudi Ara-
bia and women don't parti-
cipate in the country's busi-
ness life.
JNF Book Award
JERUSALEM (JTA) —
Three authors will receive
the Menahem Ussishkin
Award, granted by the Jew-
ish National Fund for works
on the history of Israel,
Zionism and Hebrew litera-
ture.
The award, named after
the Zionist leader, will be
given to Dr. Alex Bein, the
biographer of Theodor Herzl
and the author of several
books on the history of set-
tlement in Eretz Yisrael; to
poet Dalia Rabikowitz, for a
recent book of poems; and to
the late writer Shlomo
Grodzenski for publications
that appeared after his
death.
The awards will be given
by JNF chairman Jacob
Tzur in a ceremony to take
place on Chanukahin. Jeru-
salem.
CHANUKAH
CANDLES %IP
KOSHER MEAT MARKET
ONLY IN OUR STORE ON ORCHARD LAKE RD. AT MAPLE RD.
U.S.D.A. CHOICE BEEF RIB—LARGE END
Kosher Beef Rib Steak
$188
LB.