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March 26, 1993 - Image 13

Resource type:
The Detroit Jewish News, 1993-03-26

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

President's Column by Eli Scherr


n my last President's Column, I discussed some of the benefits available to individuals who establish a Charitable Re-
mainder Trust through The Jewish National Fund. It was most gratifying to note the number of readers who called
to find out more about our Deferred Gift programs. Based on this response and request for more information, I
thought another column on this topic might be timely.
JNF offers a variety of programs which offer current rates of interest which substantially exceed any offered in the
marketplace today.
Establishing a Charitable Remainder Trust can provide an advantageous annual income, remove uncertainty from your ongoing invest-
ment decisions, and establish a substantial 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
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.
There are a variety of other Deferred Gift structures thatJNF offers which can be specifically tailored to individual needs and require-
ments. The resulting program will produce yields to the donor ranging from 8% to 20%, significant estate tax benefits, and support for all
the important work ofJNF.
I know you will be doing yourself a favor by getting the facts to help you decide how you can derive the benefits these programs offer.
Please call the JNF office at 557-6644 and ask for Ed Rosenthal to find out more.
With the Passover holiday fast approaching, all of us at the Jewish National Fund join in wishing you a very happy and kosher
Passover. ❖

Passover 5753

Passover this year will begin at
sundown on Monday, April 5th
and will end on the evening of
Tuesday, April 13th. The JNF Of-
fice will close at Noon Monday,
April 5th and will also be closed
on Tuesday and Wednesday,
April 6th and 7th and Monday
and Tuesday, April 12th and
13th. The Officers, Board of Di-
rectors and Staff of the JNF wish
each and every one of our sup-
porters and friends a happy,
healthy and meaningful Passover
holiday! ❖

Esther and Harold
Grossman Family
Grove Established

Harold Grossman, husband of
the late Esther Grossman, and his
children, Dr. Gerald and Milli-
cent Grossman, and Sally and El-
liott Shepard, have established
the Esther and Harold Grossman
Family Grove of 1,000 Trees in
the American Independence
Park in Israel. The JNF extends
our deepest appreciation to the
Grossman Family for their gen-
erous gift. +

Plant a Tree
During the "Walk for Israel"

David Baum and Michael
Langnas, Co-Chairmen of the
Young Leadership Division of
JNF, have again arranged this
year to have youngsters of all ages
twin the planting of trees at the
West Bloomfield branch of the
Jewish Community Center with
the planting of a tree in Israel on
the day of the Walk, Sunday, May
16, 1993.

This will be an opportune time
to twin the planting of trees in
Michigan with Israel. The cost
will be $10.00 for both trees
which can be ordered at the
Walk For Israel site.
To volunteer, call David and
Lynne Baum (778-1045), Michael
and Laynie Langnas (353-7007)
or the JNF (557-6644).+

Mr. & Mrs. Tobes To Receive
JNIPs Award June 6, 1993

Boris and Rena Tobes will be
recognized by Congregation
B'nai Moshe and the Jewish Na-
tional Fund of Greater Detroit,
at a Tribute Brunch on Sunday,
June 6, 1993. For their numer-

ous and untiring years of service
to their Congregation and the
community, they will be be-
stowed with JNF's "Community
Service Award."+

Philip Slomovitz Remembered

We shall sore-
blessed memory, founder and
first president of the Jewish Na-
tional Fund Council of Detroit
75 years ago (1918). We shall
miss his dedication to the cause

of Zionism, the Land of Israel
and Kial Israel.
We shall miss the devotion
and love, his loyalty and guid-
ance. He was both the servant of
and the leader of the aims and
ideals of Geulat Ha'Aretz.+

JNF's Artzenu
Future Leadership
Mission Planned

The National Office ofJNF will
sponsor its third Artzenu Yisrael
Future Leadership Mission to Is-
rael October 24 to November 3,
1993. This mission is open to par-
ticipants between the ages of 25
and 40. See it all - from the
Galilee in the north to the Negev
and Eilat in the south. Explore

Planned Giving

Based on the number of in-
quiries for JNF's Deferred Gift
program, the Officers have de-
cided to hold a special seminar
dealing with Estate Preservation.
The seminar will be held on
Wednesday, Mar 5, 1993, at the
home of David and Doreen Her-
melin. Two noted specialists in
the field, Keith Braun of the law
firm of Honigman Miller
Schwartz and Cohn, and Matt
Bernstein, National Director of
Planned Giving ofJNF, will pre-

the Old City ofJerusalem...Plant
a tree with your own hands
...Climb Masada and experience
the miracles that took place
there...Enjoy sunny Eilat and
"dive" into the beautiful coral
reefs...Takeajeep ride through
the desert... Visit water conser-
vation projects...Mitzpim (hill-
top outposts) ...and so much
more. The price is only $1,299
from New York (plus $100 for
add-on airfares to New York). For
further information, please call
Ed Rosenthal, 557-6644. •

sent the program, We are also
privileged to have Charlotte Ja-
cobson, past president ofJNF of
America, also on the program.
The discussions will include
the various estate distribution
plans and how present tax laws
can be used to maximize indi-
viduals' wealth accumulation,
how the individuals can reduce
their taxable estates and how
State of Israel Bonds can be used
in all programs.
Reservations must be made. A
kosher cocktail hour will follow.
For further information and
reservations, please call Ed
Rosenthal at JNF, 557-6644.+

Garden Donors Enrollment
as of March 16,1993:

Allen Kraft and Family and
Alex Kraft and Family; Lansing
General Hospital; Joseph and
Elsie Deutch; Nancy Ruth Zerry,
Dan and Jo Gilbert, Joseph and

Shyrle Gilbert, Albert and Lenore
Miller, Leonard and Violet Solter,
Norman and Elaine Tepley;
Grant Silverfarb. +

"Of Blessed

Golden Book
Subscribers As Of
March 16,1993:

We mourn the loss of:

David and Doreen Hen-nelin:
Irving and Florence Hermelin:
Friends.of Joel Katz; Erwin and
Sylvia Harvitli+-

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