Risk Free and Guaranteed

)

In today's a tmosphere of declining rates, it is reassuring
to know that a CD investment at Republic Bank is
FDIC-insured and guarantees you a solid return.

ENDOWING page 33

48 MONTH CERTIFICATE

TRUSTS OR UNI-
TRUSTS provide income
to beneficiaries for a des-
ignated number of years
or life. After each contri-
bution is made, the char-
ity invests it to generate
income. At the end of the
term, the total assets
remain with the charity.
These gifts generally
qualify for income, gift
tax and/or estate tax
charitable deductions.
• CHARITABLE LEAD
TRUSTS generate in-
come to the charity with
the principal returning
to each donor after a set
time. These yield gift or
estate tax charitable
deductions to donors.
• POOLED INCOME
FUND gifts are similar
to charitable remainder
trusts. The fund provides
income to designated
beneficiaries for life. At
the end of the term, the
assets go to the charity.
These gifts generally
qualify for income, gift
and/or estate tax charita-
ble deductions.
• LIFE INSURANCE
allows individuals to
make gifts to a charity in
the form of new or exist-
ing life insurance poli-
cies. A donor can receive
a current income tax
deduction for the cash
surrender value of a poli-
cy. If the donor continues
to pay premiums on a pol-
icy, each premium pay-
ment can mean a charita-
ble tax deduction.0

EL Al page 31

From Illinois, 12,000
passengers visited Israel
last year. From New
York, 50,000 tourists
departed for Israel. From
California, 31,000 left
from Los Angeles.
Travel to Israel from
Michigan dropped signif-
icantly between 1990 and
1991, when the number
of tourists plummeted
from 4,000 to 2,200 dur-
ing the intifada, the
Palestinian uprising in
the administered territo-
ries.
Figures began climbing
again in 1992, and Mr.
Ben-David predicts at
least 7,000 Michiganders
will venture to Israel
this year. ❑

5.00%
5.09%

Annual Yield

Annual Rate

Compounded Quarterly

7 MONTH CERTIFICATE

3.
1
5%
3.15A

RIDE, ME TOO!
Polished Stainless Steel

JERRY SOBLE

Annual Yield

SCULPTOR

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