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January 29, 1993 - Image 13

Resource type:
Text
Publication:
The Detroit Jewish News, 1993-01-29

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

President's Column by Eli Scherr

KEREN KAYEMETH LEISRAEL

e are all aware of the tremendous financial burdens placed in Israel these last few years due to the homecom-
ing of tens of thousands of Ethiopian and Russian Jews. At the same time, our domestic recession, which has
sent bank rates below 4%, has put financial pressures on many of us individually at the very time when the fi-
nancial demands in Israel are greatest.
For many of us who rely on the income stream from our investments, the precipitous drop in interest rates has creat-
ed a very real, very human problem. Our spending patterns need to be curbed and, in some cases, we may unfortunate-
ly be dropping below what we call the comfort level. At times like this, we obviously cast around for the vehicle that
would provide us with the best possible return; but in doing so we must avoid the pitfalls of risky investments and unscrupulous venturers.
We cannot afford to risk losing our capital because it is that capital which provides the income stream that we need to pay our annual liv-
ing expenses.
How can we deal with this problem? An opportunity exists to place ourselves in a 'win, win, win" situation. A Charitable Remainder
Trust can provide an advantageous annual income, remove uncertainty from your ongoing investment decisions, and establish a substan-
tial charitable donation with the Jewish National Fund for the benefit of our people in Israel.
Here's how it works: You take the $100,000 (or $20,000 or $40,000, or whichever number) which is currently in a certificate of deposit
and upon maturity donate it to the JNF. In return, JNF will establish a fixed annuity payable quarterly for the rest of your life. The amount
of the payment will depend on the amount donated and your age, but the rate of return will be much higher than any comparable CD
available in the marketplace today.
And the good news doesn't stop there! By establishing a Charitable Remainder Trust, you are making a charitable gift for which the
I.R.S. will allow you a charitable gift tax deduction from taxable income.
In summary, establishing a Charitable Remainder Trust with JNF will:
1. Provide a stable and reliable income source
you will never outlive.
2. Reduce your exposure to Federal Estate Tax.
3. Furnish resources to enable JNF to continue its
much needed work for our fellow Jews in Israel.
Sounds too good to be true? Want to find out more? This concept clearly has complexities that cannot be detailed in this column. Do
yourself a favor! Call the JNF Office at 557-6644 and ask for Ed Rosenthal to find out more.

Mayor David Levene To Speak At Young
Leadership Meeting

FR

David Baum and Michael
Langnas, Co-Chairmen of the
Young Leadership of JNF, an-
nounce that David Levene, May-
or of Pardes Hanna-Karkur in
Israel, will be the featured speak-
er at an informal evening on
Tuesday, February 9th, 7:30, at
the home of Sue Ellen Eisenberg,
700 Lone Pine Road in Bloom-
field Hills.
For the past 15 years, David
Levene has served as the mayor
of Pardes Hanna-Karkur, with a
five-year break between 1984 and
1989 to serve as Director Gener-

al for the Jewish Agency's Aliyah
Department.
Mr. Levene made aliyah in
1968, after teaching religious
studies at a Jewish high school in
New Jersey. He holds degrees
from Bar Ilan University; Brook-
lyn College; Bernard Baruch;
and Yeshivat Beit Aryeh in
Jerusalem.
Admission is free and mem-
bers of the community between
the ages of 25 and 40 are most
welcome. RS.V.P. is requested to
JNF, 557-6644. ';>

"Of Blessed Memory"

We mourn the loss of: IRENE
DANTE BRADLEY, ISAAC EN-
GEL, ANN GOSS, ILONA
GREENWALD, RABBI JULIUS
KREITMAN, ROSE ROGOW

MILLER, MARJORIE PA-
VORSKY, SADIE RESNICK,
NATHAN SHUR and FRANCES
WARSH.

Garden Donors Enrollment As
Of January 18, 1993

18877 West
10 Mile Road
Suite 100
Southfield, MI
48075
Phone 557-6644
FAX: (313) 557-2412

JAMES & HELEN VICK;
DOROTHY& HAROLD KAUF-
MAN, TILLIE & LOUIS PAN
USH, ROSALIE & ABRAHAM
RAIMI, CHARLOTTE
&
HAROLD RUBINSTEIN,
CLARICE & HUBERT SIDLOW
& GEORGE & MILDRED
CHARNAS; DAVID & ANN
ROSENBERG, BARRY, KEVIN

& ROCHEII E; RENEE & MILT
WOHL; PARENTS OF LESLIE
ANN ZACK; FAMILY OF LIL-
LIAN SCHUBINER; MARX-
BORTMAN FAMILIES; FAMILY
& FRIENDS OF AARON &
RAYETTA SOVERINSKY;
ALLEN KRAFT & FAMILY and
ALEX DRAFT & FAMILY;
MELVIN KEPES.

Golden Book Subscribers As
Of January 18, 1993

PAUL & MARLENE BOR-
MAN, SUSAN CITRIN, DULCIF.
ROSENFELD & EDYTHE JACK-
LER MULIVER; CHILDREN &
GRANDCHILDREN OF ES-

TELLE S. & JACOB LASSER;
FAMILY OF SIDNEY BERN-
STEIN; DAVID & DOREEN
HERMELIN; THE BERLIN-
BERG FAMILY.

Recent
Benefactors of
JNF

"Major
Givers"
Mission

The Officers and Board of Di-
rectors express their profound
appreciation to: Flora S. Hoff-
man for establishing a second
Home Site in Be'er Sheva in
memory of her parents, Meyer
and Bessie B. Beckman and her
beloved daughter, Myra Jacque- -
line Hoffman; to Sandy Schore
and her three sons for establish-
ing a Home Site in memory of
late husband and father, Henry
Schore; and to Edith Posner for
also establishing a Home Site in
memory of her beloved parents,
David and Rose Hannah Solo-
man. ❖

The National Office of the JNF
is pleased to announce that there
will be a complimentary mission
to Israel July 1 - 14, 1993. JNF mis-
sions are renown for their unique
exposure of sites and accom-
plishments in Israel. Con tribu-
tors of $25,000 or more during
the fiscal year will be guests on
this special trip. For further in-
formation, contact Ed Rosenthal,
557-6644.
10253 lin

7 NI IF

KEREN KAYEMETH tUSRMI

JNF To Honor State Leaders At Dinners
In Grand Rapids, Saginaw And Detroit

Eli Scherr, President of the JNF
Council, announces that three
distinguished leaders in Michi-
gan will be recipients of the Tree
of Life award at fundraising din-
ners in Grand Rapids., Saginaw
and Detroit:
MARGE BYINGTON - Grand
Rapids - March 25, 1993
Ms. Byington, Chief Deputy Di-
rector, Department of Corn-
merce for the State of Michigan,
is highly regarded in her com-
munity as well as statewide for her
activities in serving the people of
the State of Michigan. Previous
Tree of Life awardees in Grand
Rapids were Sister Aquinas,
Chancellor of Aquinas College,
and Patrick Quinn, President and
CEO, Spartan Stores.
FRANK AND FRUMETH
HIRSH POLASKY - Saginaw -
May 2, 1993

Friends of Israel whose efforts
to improve the quality of life for
all people warrants special recog-
nition. This is the first event tak-
ing place in the Saginaw area by
JNF-
EDGAR A. SCRIBNER - De-
troit -June 14, 1993
Mr. Scribner, President, Met-
ropolitan Detroit AFL-CIO, will
be honored at a Labor dinner in
Detroit. An outstanding com-
munity leader, Mr. Scribner de-
serves this special recognition.
Former labor awardees included
Frank Garrison, President, Michi-
gan State AFL-CIO, and Tom
Turner, former president, Metro
Detroit AFL-CIO. •
For further information about
any of these dinners, please con-
tact Laurie Nosanchuk Bhun As-
sistant Executive Director, JNF,
557-7016.

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