generations -...
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Fund Name Here
1 12010 AnnualReport
Generations
Generations 2010 Annual Report
Lynn H. Smith Chair
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To Our Community
The Foundation has become a part of our community. We now administer over 200 funds from donors of all ages, including our energetic Teen Philanthropists, some of whom are shown on the cover of this report.
Through the opening of 27 new funds since our last report, we have also facilitated contributions to 340 non-profits since the beginning of our Foundation nine years ago, and 160 since our last report.
We continued to stay focused on building endowments and bequests, taking a collaborative approach. Working in partnership with endowment committees from across the community, we assist synagogues, agencies and organizations in obtaining endowments for their programs.
Our investment committee continues to monitor and influence our portfolio and have results better than the market indices with which we are compared.
We have had meetings, information requests and interaction with hundreds of interested persons during the year who support, wish to support, or learn about our aims.
We solicit your interest and would be pleased to meet or answer questions regarding the Foundation and appreciate the encouragement that has grown through the activities of our Board of Directors and the undersigned.
Thank you for taking the time to read this report. Linda Alexander Executive Director
Photo by: Hal Silverman Studios, East Syracuse, NY.Photo on Front Cover: Teen Philanthropists, B’nai Mitzvah Fund holdersFront row, L to R: Corey Stein, Kara Goldberg, Anna Smith, Rachel Smith, Cara AdelsonBack row, L to R: Juliet Maloff, Evan Stein, Max Smith, Ari Neulander, Alexandra Horowitch, Rachel Rochelson
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Treasurer’s Report | Foundation Highlights | Financial Snapshot
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Treasurer’s Report
With the continuing recession, this was another challenging year for the Foundation. For the fiscal year ended June 30, 2010, our assets under administration increased by $743,452 which represents a 20% increase over last year. This compares to a 22.7% decrease in assets for the year ended June 30, 2009. The return on our pooled endowment, managed by our Investment Committee, was up 9.24% for the year ended June 30, 2010. This compares to a -25.1% negative return for the year ended June 30, 2009. We maintained control over our operating expenses, but the decrease in contributions and interest income resulted in a net loss for the current fiscal year of $11,315.
With the continued dedicated hard work of all those involved, we look forward to continued growth of the Foundation’s assets for the coming year so we will have the resources to benefit our community.
Howard A. Port Esq. CPA Secretary/Treasurer
Foundation Highlights• The Jewish Community Foundation reached a new milestone in June
2010 – the 200th fund was established!
• 33 legacy gifts have been promised through wills, retirement funds, or insurance policies.
• A total of 233 Funds to benefit our community.
• In less than 9 years, we have distributed over $ 4.5 million dollars in grants to non-profits, with 85% of them right here in CNY.
• There are $4.4 million dollars in assets under management.
• The Foundation has been honored TWICE with the Community Endowment Excellence award from United Jewish Communities.
Financial Snapshot
Grants Distributed ................................. $ 4,495,322(Since Inception)
Grants Distributed ................................. $ 569,262(This Fiscal Year)
Donor Advised Funds ............................ $ 2,054,877(Current Balance)
Unrestricted Endowments ..................... $ 188,766
Restricted Endowments ......................... $ 1,108,860
Field of Interest Endowments ............... $ 4,853
Life Insurance......................................... $ 716,000(Face Value)
Charitable Gift Annuities ...................... $ 243,896(Market Value)
Agency Endowment Funds.................... $ 1,046193
Total Assets Under Administration....... $ 4,403,654(As of June 30, 2010)
Foundation’s Investment Performance 9.24%(Portfolio Gain this Fiscal Year)
Donor Advised Funds
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Anonymous
Howard & Sara Alexander Fund
Lawrence & Paula Alexander Fund
Steven & Linda Alexander Fund
Ettarae & Herbert Alpert Fund
Steve Barenholtz Memorial Fund
Martin & Nancy Belkowitz Fund
Benjamin & Ilana Berinstein Fund
Asher & Lillie Black Fund
Gerald & Barbara Black Fund
Neil & Jan Bronstein Fund
Joan & Harold Burstyn Family
Casper Family Fund
Jerome & Phyllis Charney Fund
Chesed Fund
William & Sylvia Cohen Fund
Solly & Belle Cohen Fund
Murray Daitchman & R. Benvenuti Fund
Joshua Ian Davis Memorial Fund
Carol Davison Fund
Engel Family Fund
Freeman Family Fund
Rosalind Gingold Fund
Neil & Robin Goldberg Fund
Harlean & Leonard P. Goldberg Fund
Frank & Beverly Goldberg Fund
Marvin A. Goldenberg Fund
Edward & Joan Green Fund
Celaine & Victor Hershdorfer Fund
David & Jeanne Holstein Fund
Alyse & Philip Holstein Fund
Alexander & Charlotte Holstein Fund
David & Sally Hootnick Fund
HDS Math/ Pomeranz Fund
Horowitch Family Foundation Fund
Martin Irwin Fund
Rabbi Daniel & Rhea Jezer Fund
Jewish Family Service / Pomeranz Fund
Robert and Jessie Kellman Fund
Richard & Olivia Kronhaus Fund
Linda H. & Jay M. Land Fund
One of the most satisfying aspects of philanthropy is the ability of the donor to participate in the grant-making process. Donor Advised Funds represent a unique opportunity to do just that. Funds can be opened with a minimum gift of $2,500. You name the fund for your family or as a memorial to a loved one and you recommend grants, minimum of $100 each, to all not-for-profits. You can even designate other family members to succeed you as advisers to the Fund – into perpetuity.
You get a full tax deduction in the year you make your gift and you can defer your distribution grants to future years.
The Foundation currently manages 82 Donor Advised Funds, 12 newly opened this fiscal year.
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Donor Advised Funds
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Benjamin & Susan Levine Fund
David Martin Trust Fund
Goldye & Ben Meltzer Fund
*Elliott Meltzer Family Fund
Menorah Park/Pomeranz Trust Fund
*Wendy Meyerson/Andrew Fox Family Fund
Frieda, Morris, & Marilyn Miller Fund
Helen Millstein Fund
David T. &Ellen C. Nash Fund
*Natur-Tyme Community Fund
Neulander Family Fund
The Nice Fund
William Pearlman Fund
Sidney & Miriam Posner Fund
Anne Rakieten Fund
Joseph & Lynn Romano Family Fund
Paul & Georgina Roth Fund
*Alan & Ann Rothschild Fund
Arnold & Libby Rubenstein Fund
Donald L. & Linda A. Schoenwald Fund
William Serog Fund
Debrah & Barry Shulman Fund
Sisskind Family Fund
Corinne & Lynn Smith Fund
*Sharon & Barry Slosberg Fund
J. Jeffrey Solomon Family Fund
Sonne Family Fund
*Pomeranz Bricks & Mortar Fund(6)
Special Needs / Pomeranz Fund(7)
* Springer – Schram Family Fund
Rosalind Rudolph Stephan Fund
Syracuse Jewish Cemeteries/Pomeranz
Syracuse Jewish Children’s Fund
Gershon and Dina Vincow Fund
Wells Family Fund
*Warren D. Wolfson Fund
Yaffee Family Fund
* New in this fiscal year
2010 Grant Recipients | Today, Tomorrow and Beyond.
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Adirondack Chap. Nature ConservancyAdirondack Medical CenterAdirondack Park InstituteAISAAmerican Cancer SocietyAmerican Diabetes AssociationAmerican Gathering Holocaust SurvivorsAmerican Heart AssociationAmerican Jewish CongressAmerican Jewish World Service American Jewish CommitteeAmerican Friends of DVIAmerican Friends of Magen David American Inst. for Cancer Research American World Jewish ServiceAmit WomenAnti-Defamation LeagueAntique Boat MuseumBet HavarimB’nai Brith InternationalBoca Raton Comm. HospitalBoys and Girls Club of SyracuseBrigham & Women’s HospitalCamera Camp Good Days & Special TimesCarol Baldwin Breast Cancer FundCase Western ReserveCato InstituteCentral Reform Congregation
Central SynagogueChabad Lubavitch of CNYChautauqua FundChristian Fund for Children & AgedCollege of BrockportColumbia UniversityCombined Jewish PhilanthropiesCongregation Beth IsraelCongregation Ner TamidCongregation Beth Sholom Chevra Shas Connecticut CollegeCrouse Health FoundationDana Farber Cancer CenterDavid Horowitz Freedom CenterDewitt Community LibraryEldercare FoundationEmerson CollegeESF College FoundationEverett Center for Jewish LifeEverson Museum of ArtEye and Ear InstituteFayetteville Free LibraryFlameFocus Greater SyracuseFood Bank of CNY Food Pantry – Temple ConcordFrancis HouseFriends of the Can TeenFriends of the IDF
Friends of Israel ScoutsGood People FundHadassahHaiti Relief FundHampshire CollegeHIASHillel at Syracuse University Hillel at Brooklyn CollegeHospice Foundation of CNYInstitute for Study of AgingInterfaith WorksIntl. Fellowship of Christians & JewsIntl. Rescue CommitteeIsrael Center Russian ImmigrantsIsrael Home for GirlsJewish Braille InstituteJewish Cemetery Assoc. of MAJewish Community CenterJewish Community Foundation of CNYJewish Federation of Palm BeachJewish Federation of Greater HoustonJewish Federation of Greater PhoenixJewish Family Service Jewish Guild to the BlindJewish Inst. Nat. Security AffairsJewish Music & Cultural FestivalJewish National FundJINSAJudaic Heritage Center
Recipients of $ 569,262 in grants this year from Donor Advised & B’nai Mitzvah Funds to non-profits in Central New York and around the world.
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2010 Grant Recipients | Today, Tomorrow and Beyond.
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Komen CNY Race for the CureLandmark TheatreLeukemia & Lymphoma SocietyMake-A-Wish FoundationMalaria No MoreManlius Pebble Hill School March of DimesMaxwell School of CitizenshipMazon - Jewish Response to HungerMD Anderson Cancer CenterMeals on WheelsMenorah Park FoundationMetropolitan OperaMuseum of Science & TechnologyNew Israel FundNIA Community Services NetworkNY League of Conservation VotersNYU School of MedicineOCC Men’s B BallOpen Hand TheatreOratorio Society of NYORT AmericaOxfam AmericaPalm Beach Cnt. Lifetime LearningPalm Beach Community ChestPalm Beach Ct. Med. – Project AccessPalm Beach Magen David AdomPalm Beach OperaPalm Beach Pops
Palm Beach Prologue SocietyPhillips Exeter Academy Planned ParenthoodPreservation Foundation of Palm BeachProject InterchangeRescue Mission of SyracuseRiver Hospital FoundationSalvation ArmySamaritan CenterShaarei Torah Orthodox CongregationShaving IsraelSimon Wiesenthal CenterSkaneateles FestivalSkaneateles Lake AssociationSolomon Schecter SchoolSPCA of CNYSt. Baldricks FoundationSt. Joseph’s Hospital FoundationSt. Lawrence UniversityStand With UsSyracuse Film & Video FestivalSyracuse Hebrew Day School Syracuse Jewish Cemeteries AssociationSyracuse Jewish Federation Syracuse Jewish ObserverSyracuse Opera CompanySyracuse Stage Syracuse Symphony OrchestraSyracuse 20/20
SU – Maxwell SchoolSU – College of Arts & SciencesSU – College of LawSU – Fund for Syracuse SU – School of EducationTemple Adath Yeshurun Temple Beth El – West Palm BeachTemple Concord The Hampton SynagogueThe Israel ProjectThe Lotos FoundationThe Media UnitTouro Synagogue in New OrleansUJA Federation of NY UnicefUnited Way of Central New YorkUnited Orthodox SynagogueUniversity of Albany Hillel Upstate Medical University FoundationUpstate Medical AlumniUS Holocaust Museum Vera HouseYale University Alumni FundWashington Hebrew CongregationWinnick Hillel CenterWomen’s American ORTWoman’s Fund – CNY Comm. FoundationWorld Jewish CongressWRVOWCNY
Endowment Funds
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Establish an Endowment Fund in your name with a current or deferred gift:The fund can be restricted to benefit any single synagogue, agency or organization you select, or it can be part of our General Endowment Fund for disbursement to wherever the needs are greatest for the future Jewish community.
With endowed funds, only the income is dispersed annually to the donor’s designated charity, the principal being left intact and invested for growth. These permanent funds are the safekeeping our Jewish community needs to ensure its future.
Active Endowment funds- Require a minimum gift of $10,000. These funds are invested for growth to protect the financial security of our future Jewish community. There are currently 43 active and funded Endowment Funds, which benefit agencies, organizations and synagogues throughout the community.
Deferred Endowment Funds - Are promised gifts that will be funded thru bequests, trusts, life insurance, retirement funds, and Charitable Gift Annuities. There are currently 33 deferred endowment funds.
ACTivE ENDoWMENT FuNDS - uNRESTRiCTED
Carol Berendt Memorial FundTo honor the memory of their mother, the fund was established this year by Carol’s children to support the Jewish community.
William & Sylvia CohenEstablished in 2006.
Kenneth & Catherine GaleEstablished initially as a Donor Advised Fund in 2002, the Gale family has endowed this fund as a permanent gift to our community.
Bernard & Norma GoldbergEstablished in 2003 by the Goldberg family who expressed that they both began our lives here, raised their four children here, grew their business here, and want to be sure that there is a viable Jewish community for the next generation.
Jacob & Ann Hootnick 70th AnniversaryEstablished in 2006 by David & Sally Hootnick to honor their parent’s 70th Anniversary.
Baurice and Helen Laffer Memorial Fun Established in 2004 by their children who remembered their parents as strong and loving people who spent their entire life in Syracuse helping others. Their five children set up this fund to carry on that tradition.
David and Marjorie Marshall Established in 2004 by Dr. Marshall before his death. Dr. Marshall also had a sizable collection of anatomic artifacts in a museum above his dental office which was donated to the anthropologic museum of SU.
Ben & Mae Meltzer Memorial Fund Established in 2002 in their memory by their daughter Anne who feels that many smaller funds can have a large impact on the well-being of the Central New York Jewish community.
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Endowment Funds
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F.L. Putnam Foundation Established in 2002 as one of our very first funds this out-of-town donor felt compelled to support our new organization.
Myrna Rubenstein Established in 2004 by Myrna to support her charitable intent.
Sam Pomeranz Fund Established in 2003 as one of our first endowed funds. Sheldon & Mateele Kall, trustees of the Sam Pomeranz Trust, follow the intent of the Trust to provide funding for needy CNY Jewish Agencies.
ACTivE ENDoWMENT FuNDS - RESTRiCTED
To benefit the Syracuse Jewish Federation annual campaign.
Paula Alexander LOJE PACE Fund Established in 2006. Paula and her late husband Lawrence have been significant donors to the Federation campaign. Paula wears her gold “Lion of Judah” pin with honor. She decided to take her annual philanthropy to the next level.
Allen & Nirelle Galson PACE FundEstablished in 2007 to support the Syracuse Jewish Federation and in turn all the activities that the Federation funds.
Alexander & Charlotte Holstein PACE FundEstablished in 2005. Alex and Chuckie set up this fund to continue their support for the Federation’s annual campaign into perpetuity.
Goldye & Ben Meltzer PACE Fund Established by Goldye thru a bequest to continue Major Gifts support for the Federation’s annual campaign from her and her late husband Ben.
Dr. David & Phyllis Poushter PACE FundEstablished in 2010 through a bequest in their will to benefit the Federation’s annual campaign which they supported as Major Gifts donors throughout their lifetime.
Julius, Esther, and Helene Schrier PACE FundEstablished by Helene, thru a portion of her retirement fund, to honor of her late parents Julius and Esther’s love for the Jewish community.
J. Jeffrey Solomon PACE FundEstablished in 2006 in memory of Jeff by his sons, Neal and Philip, and his brother Paul to perpetuate the mission of the Syracuse Jewish Federation.
Gershon & Dina Vincow PACE FundEstablished in 2006. The Vincow family look to the PACE fund to give them the opportunity for perpetual participation in the Jewish community. They have great confidence that the Foundation will secure and grow heir fund.
Howard & Anita Weinberger PACE FundEstablished in 2006. The Weinbergers appreciated the range of Jewish institutions in Syracuse which were developed by those who came before them, and felt a responsibility to help ensure that these vital programs are available to families in the future.
To benefit Temple Adath Yeshurun Endowment Fund
Hilbert & Miriam Fleischman Philanthropic Fund Established in 2005 by Mimi to provide aid and assistance in times of need for Temple Adath Yeshurun.
Endowment Funds
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To benefit Congregation Beth Sholom Chevra Shas
Ona & Bernard Bregman CBSCS Fund for the Future established by the Bregmans in 2008. They expressed that they have been active members of the congregation for 46 years and hope to ensure its future for at least another 46 years.
Casper Family CBSCS Fund for the FutureBy Janina Casper in 2008 during the last year of her lifeto perpetuate her support to her beloved congregation.
William & Sylvia Cohen CBSCS Fund for the FutureEstablished during 2008 to support their congregation.
Richard & Abbe Eggert CBSCS Fund for the Future Established in 2008. In the 45 years that Dick and Abbe have lived in Syracuse their congregation has always been an important part of their lives. They want to play a small part in making sure CBSCS is there for their grandchildren and maybe even their grandchildren’s children.
Rabbi Jezer Lectureship & Education Fund at CBSCSThis fund was established by members of Congregation Beth Sholom Chevra Shas in 2004 to honor Rabbi Daniel A. Jezer upon his retirement after 25 years of leadership to the congregation. The fund sponsors scholar-in-residence programs for the synagogue and community, exploring different facets of Jewish thought, life and culture.
Schonfeld / Feldman CBSCS Fund for the FutureEstablished in 2008 by Norma Feldman as a way of honoring the past and helping to ensure the future. Norma explains that this fund is a tribute to her parents, Bernard & Pearl Schonfeld, who raised her with a love of her Jewish heritage. She hope this fund will serve as her legacy to a continuing vibrant congregation for many years to come.
Helene Shrier CBSCS Fund for the FutureEstablished in 2009 as a bequest of her beloved Doll Collection, Helene established this fund to continue her support of the congregation long after her passing. She also left a portion of her retirement fund to supplement this gift.
Howard & Anita Weinberger CBSCS Fund for the FutureEstablished in 2007 by the Weinberger family to perpetuate their support for their beloved congregation.
To benefit the Syracuse Hebrew Day School
SHDS Alumni Legacy FundEstablished in 2006 by alumni of the Syracuse Hebrew Day School to endow scholarships for deserving families.
SHDS Cindy Martin Library FundEmile Martin established this fund in memory of his wife in 2008 to fund the needs of the Syracuse Hebrew Day School library. Cindy was an avid reader, a teacher by profession, and a staunch supporter of SHDS as a needed community institution.
SHDS Class of 2006 LegacyEstablished in 2006 by parents of the Class of 2006 to provide scholarships and operating support to the Syracuse Hebrew Day School.
SHDS Committee for 50Established in 2008 to celebrate the Syracuse Hebrew Day School’s 50th Anniversary in 2010 and to support the Judaic Studies programs at the school.
SHDS Endowment FundEstablished in 2005 to provide ongoing operating support to the Syracuse Hebrew Day School.
SHDS / Sam Pomeranz ScholarshipEstablished in 2003 by Sheldon and Mateele Kall, trustees of the Sam Pomeranz Trust, to provide annual scholarship support for the Syracuse Hebrew Day School to deserving families.
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Endowment Funds
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To benefit the Rabbi Epstein Hebrew High School
Epstein School / Sam Pomeranz FundEstablished in 2006 by the trustees of the Sam Pomeranz Trustto support the community high school.
To benefit the Jewish Music & Cultural Festival
JMAC FundEstablished in 2008 by Sid Lipton and Mimi Weiner to ensurethe continued presence of a Jewish Music Festival in downtown Syracuse, helping all people enjoy Jewish culture in a joyous and positive manner.
To Benefit the American Civic Association in Binghamton, NY
A scholarship fund was established by her Nottingham High School Class of ’54 in memory of Roberta ( Bobbie) Badaines King after her untimely death on April 3, 2009 while performing her teaching duties in Binghamton, NY. This fund will provide scholarships and educational support to the “English as a Second Language Program”.
To Benefit the Jewish Community Center
Dorothy & Marshall M. Reisman Fund Established by their trust to provide both immediate and long term support for the Jewish Community Center. Marshall Reisman was a past president of the Jewish Community Center.
To Benefit Holocaust Study
Joseph Elman Family Fund for Holocaust Studies Established in 2010, this fund is dedicated to the memory of Joe Elman’s parents, Benjamin and Cyril Elman who he last saw in January 1943, and his sisters Chaya and Shana who were also lost in the Holocaust. The fund will provide support for programs to educate teens for generations to come about the horrors of the Nazi Regime.
To Benefit Blood Donations
Ruth & Ronnie Greenhouse Blood Donations Memorial Fund Established in 2010 by the Greenhouse family to honor the memory of the matriarch of the family, Ruth Greenhouse, better known to her friends and family as “Babe” and to her beloved son Ronnie, who passed away as a youth from leukemia.
To Benefit Research for Multiple Myeloma & Macular Degeneration
Warren H. Frank Memorial Fund Established in 2010 by the family of Warren Frank in his memory, this fund will support multiply myeloma & macular degeneration programs throughout the country.
FiElD oF iNTEREST ENDoWMENT FuNDS
A Field of Interest Fund supports a general field of Jewish communal activity, such as edu-cation, youth, seniors, social services in Israel, among others. These funds are pooled with funds from multiple donors to support programs in the designated field of interest for which it is established.
Jewish Camp Scholarship Field of Interest Endowment Fund Established in 2010 this fund will help provide scholarships to a Jewish camp program. The initial donation was made by the family of Earle Buck in his memory.
Endowment Funds
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uNRESTRiCTED DEFERRED ENDoWMENT FuNDS
Steven & Linda AlexanderA planned gift to continue the work of the Jewish Community Foundation long into the future.
Nancy & Martin Belkowitz A planned gift to benefit the Jewish community through a gift in their will.
Mark & Susan Field A planned gift from the Field family to help people in need of the basics – food, shelter, and health.
Walter & Lillian Gale A planned gift to benefit the Jewish community into perpetuity through a Charitable Gift Annuity.
Alice S. Honig A planned gift to benefit the Jewish communitythrough a Charitable Gift Annuity.
Alexander & Charlotte Holstein A planned gift dedicated to The Jewish Community Foundation which they were instrumental in forming.
Elaine & Mark Matloff A planned gift to support the Jewish community for generations to come through a Charitable Gift Annuity.
Anne Meltzer A planned gift set up in addition to the Ben & Mae Meltzer Endowment Fund Set up by Anne in memory of her parents, Anne Meltzer has established a legacy bequest gift to the community.
Frieda, Morris, and Marilyn Miller A planned gift established by Marilyn Miller this year as a legacy bequest to honor her parents, to perpetuate their family name and values, and to further the quality of Jewish life in Syracuse now and in the future.
Lynn and Corinne Smith A planned gift to perpetuate the Smith family’s Major Gift support for our Jewish community long into the future.
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Endowment Funds
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RESTRiCTED DEFERRED ENDoWMENT FuNDS
To benefit the Syracuse Jewish Federation
Howard and Sara Alexander PACE Fund A planned gift to continue their Major Gifts support of the Syracuse Jewish Federation’s annual campaign.
Murray & Roberta Daitchman PACE Fund A planned gift to continue their support of the Syracuse Jewish Federation’s annual campaign
Rodney B. & Marjorie S. Fink PACE Fund A planned gift established as a legacy gift by Marjorie in honor or her and her late husband Rodney’s support for the Syracuse Jewish Federation’s annual campaign.
Deborah Friedman and Scott Mackler LOJE PACE Fund AND Deborah Friedman and Scot Mackler Adult Education FundA planned gift from a founding trustee who moved to another community but pledged to continue their Major Gifts support for our Syracuse Jewish Federation.
Bernard & Norma Goldberg PACE Fund A planned gift to ensure that their children and grandchildren have a meaningful Jewish community in Syracuse, and to keep the Jewish organizations viable in the years to come.
Alexander & Charlotte Holstein PACE Fund Alex & Chuckie believe strongly in the importance of the Jewish community and the Federation. They are pleased to perpetuate their support for the annual campaign through a Charitable Gift Annuity.
Georgina & Paul Roth PACE Fund A planned gift to continue their Major Gifts support for the Federation’s annual campaign.
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Endowment Funds
To benefit Congregation Beth Sholom Chevra Shas
Anonymous CBSCS Fund for the Future A planned gift to perpetuate the donor’s support for their congregation though a Charitable Gift Annuity.
Howard & Sara Alexander CBSCS Fund for the FutureA planned gift as CBSCS has been their family, they want to be sure that their congregational family will still be taken care of when they are gone.
Steven & Linda Alexander CBSCS Fund for the Future A planned gift to support their congregation into perpetuity.
Joseph Bearman CBSCS Fund for the FutureA planned gift by the Chair of the CBSCS Endowment Fund to support the congregation.
Victor & Celaine Hershdorfer CBSCS Fund for the FutureA planned gift to support the future of the congregation.
Steven & Arlene Kanter Kepnes CBSCS Fund for the FutureA planned gift to support their congregation.
Jef Sneider & Gwen Kay CBSCS Fund for the Future A planned gift to support the future of the congregation.
Gershon & Dina Vincow CBSCS Fund for the Future A planned gift to continue their support for the congregation.
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To Benefit the Syracuse Hebrew Day School
Dr. Gus & Alice Pearlman A Charitable Gift Annuity.
To Benefit other organizations
Craig & Karen Atlas FundA planned gift to continue their support for many charitable organizations into perpetuity.
Alice Honig A planned gift to benefit Na’amat through a Charitable Gift Annuity.
Alexander & Charlotte HolsteinA planned gift to continue their support for multiple charities long into the future.
Martin Irwin FundA planned gift established to support a visiting professorship in child psychiatry at Ben Gurion University, an annual lecture at Jewish Family Service, Syracuse, and the Irwin family charitable fund to be dispersed by my son and his heirs.
Dr. Gus & Alice Pearlman A planned gift to benefit the General Israel Orphans Home for Girls though a Charitable Gift Annuity.
AGENCY ENDoWMENT FuNDS
These are funds managed by the Foundation for the community agencies and synagogues. They are pooled together for maximum growth potential.
Syracuse Jewish Federation
Syracuse Jewish Family Service
Syracuse Hebrew Day School
Syracuse Jewish Cemeteries Association
NCJW Greater Syracuse Bertha Frendsdorf Fund
Congregation Beth Sholom Chevra Shas
Temple Concord
Endowment Funds
2010 Legacy Award Recipient
Past Legacy Award Recipients
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2009 legacy Award Samuel Pomeranz & Abraham Shankman
2008 legacy Award Alexander E. Holstein
2007 legacy Award Sheldon B. Kruth
2006 legacy Award Michael A. Moss
Rabbi Rachel AinEach year our Foundation honors a member of our community with a Legacy Award in recognition of their advocacy and service to our Jewish community. This year we have chosen Rabbi Rachel Ain for our 2010 Legacy Award.
In the short number of years Rabbi Ain has lived in our community, she has had such a positive and constructive impact that the Foundation Boardof Trustees overwhelmingly found her deserving of the Legacy Award, its highest and most distinguished honor.
Rabbi Ain has been the Rabbi at Congregation Beth Sholom – Chevra Shas since July 2004. During that time she has been involved in many community activities, including, but not limited to: serving as the chair of the PJ Library Advisory committee; sitting on the board of the Syracuse Jewish Family services; volunteering as a Judaic curriculum resource for the JCC’s Early Childhood Development Program, and working with the Syracuse Jewish Federation to secure camperships for Jewish children attending Jewish overnight camps.
When told about this honor, Rabbi Ain gratefully accepted adding “I believe it is important to have a Foundation in our Jewish community which focuses on long term growth and commitments from a financial perspective. It is important that there is an organization like the Foundation which can spend its time making the wise and necessary decisions which will ensure financial health for organizations, today, tomorrow and in the future.”
Rabbi’s community involvement was instilled in her both by her own active participation during her childhood and by modeling her parent’s participation. She grew up in Potomac, MD, a suburb of Washington, DC. She was involved in her Conservative Synagogue as a child, attended the Charles E. Smith Jewish Day School for high school, was a camper at Camp Ramah in New England and a participant in many USY programs. Growing up as a “Federation kid,” Rabbi Ain saw first hand the tremendous impact there could be on a community when its leaders worked together for the health of that community and its future. She remembers spending every Super Sunday as a volunteer, attending trainings with her mother and then even making some calls on her own. This active involvement by her
mother in the Federation of Greater Washington was a major impact on Rabbi Ain’s outlook on tzedakah and community mindfulness.
Rabbi Ain is married to Rabbi David Levy, the Director of Admissions for the Rabbinical and Cantorial Schools at the Jewish Theological Seminary in New York City. They have two sons, Jared and Zachary.
Thank you Rabbi Ain for your inspiring leadership in our community!
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Investment Committee
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Pictured from left to right: lynn Smith, Sheldon Horowitch, William Pearlman, William Berinstein, Chairman Edward Green, Neil Hoyt, Alexander Holstein, linda Alexander, Neil Bronstein
We continue to operate on an extremely low overhead thanks to the time and efforts volunteered by our trustees and committee members. Our Investment Committee has been chosen from the most qualified professionals in our community. They charge NO investment management fee, and have prudently managed our investment portfolio to show a healthy return of 9.24% in this fiscal year.
Our Investment Performance over these past 9 years has shown a healthy growth of our Pooled Fund. We consistently outperform the market indices each year.
Investment Performance Since Inception
4.5
6 %
12
.95
%
9.8
9 %
10
.41
%
16
.50
%
5.3
6 %
-25
.1 %
9.2
4 %
02-03 04-05 06-07 08-09 09-1003-04 05-06 07-08
B’nai Mitzvah Fund Program
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Teen Philanthropy Through a Jewish Lens.A program for teens celebrating their Bar/Bat Mitzvahs in 2010 & 2011.
Do you want to make a child’s Bar or Bat Mitzvah the life-changing, meaningful experience that we all wish? Then open a B’nai mitzvah
fund at the Jewish Community Foundation of Central New York.
If interested, please contact Linda AlexanderCall 445-2040 ext. 130 or email [email protected]
Beyond the party.Beyond the family.Beyond the hora.
Beyond all the gifts.
Here’s how it works:1. Teens contribute $250 from the gifts they receive for their Bar/Bat
Mitzvahs to open a fund, in their name, at the Foundation.2. A matching gift of $250 is donated to each B’nai Mitzvah Fund from
the Sam Pomeranz Trust.3. Teen fund holders then recommend which charities they want to
send their money to. The Foundation sends a check to the charity in the name of the teen’s B’nai Mitzvah Fund.
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B’nai Mitzvah Funds
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Teen Funders CommitteeThis year we added a new twist. All B’nai Mitzvah Funders were invited to join the Teen Funders Committee to work together and decide how to distribute the money. Local non-profits agencies made presentations to the Teen Funders Committee. Then the Teen Funders directed financial grants to selected agencies. Nancy Belkowitz assisted as the Teen Funders Co-ordinator.Join those who have already opened B’nai Mitzvah Funds
Congregation Beth Sholom Chevra Shas
Shayna DeMariAvery Stone FishMax FreemanSamantha GreenkyLillie HaxtonMiria Joshua JaffeSamantha JaffeKatelyn JonesNoah KellmanJoshua LiebermanLeah MillerEli MillerSamuel PasserRachel RochelsonDavid SchramIsaac SignorelliMax & Rachel SmithAnna SmithJeremy WallaceAvi Young
Shaarei Torah orthodox Congregation
Jonathan Koss
Temple Adath Yeshurun
Joshua AnbarBrian CharlambRachel DiamondNatalie GoldbergLaurin GoldbergKara GoldbergJennifer KaplanElana KuppermannLeah KuppermannLogan Woodard KingJuliet MaloffJames MironDanny MironGabrielle RitterAlexandra RusinekSarah RosenbaumEthan Machles RothschildNathan ShapiroSara Helene SilvermanEvan SteinCorey SteinSeth TeplitskyAri Waffle
Temple Concord
Cara AdelsonDavid BeckerAlbert BlanckMax & Hayley BurkoEmily EisensonRachel FagutSara GriffithsSamuel GriffithsJenna GrossmanRebecca HerwoodAlexandra HorowitchNoah KaplanJoshua KatzDavid Rapp Kirshner Jonathan LeavittSarah LesserAlex Fortin LesserMolly LevyKatherine LordKevin MetzgerDylan MullerAri NeulanderOren Simchy-GrossRaechel TeitelbaumHarrison Teich
Ways of giving to the Foundation
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The Foundation accepts any of the following assets.
Outright gifts of cash or securitiesOne of the easiest ways to set up a fund at the Foundation is through cash or appreciated securities. Gifts can be made whenever you choose or in one lump sum. You receive the full tax deduction for your contribution in the year you make it. If the donation is made with appreciated securities,the donor pays no capital gains tax and is able to take an immediate charitable income tax deduction for the gift’s full fair market value of the gift.
BequestsA bequest in your will is the simplest way to make a gift to ensure Jewish continuity after your lifetime. You may choose to leave a specific amount, a residual or a percent of your estate by adding a simple codicil to your will. Your taxable estate is reduced by the amount of the charitable bequest and your gift creates a lasting legacy to your life.
Life Insurance PoliciesYou may make a charitable gift by purchasing life insurance to benefit a fund at the Foundation, or by naming the Foundation as the owner and beneficiary of an existing policy that you no longer need. A new life insurance policy can enable someone with many current family obligations to turn a relatively small contribution into a dramatically larger gift and all premiums are tax deductible. A paid up life insurance policy, that is no longer needed, makes an excellent gift and you receive an income tax deduction for the cash surrender value of the policy.
State of Israel BondsYou can donate Israel Bonds that you have purchased and receive a tax deduction for your gift.
Retirement PlansDid you know that any funds remaining in an Individual Retirement Account ( IRA) or other type of retirement plan might be taxed up to 80% after your death and/or your spouse’s? The taxes due on your IRA can be avoided by naming the Foundation as the beneficiary of your retirement plan. Your gift can benefit any fund at the Foundation and the exorbitant taxes will not have to be paid.
Real Estate or personal propertyGift planning through real estate holds many possibilities, and may be the perfect asset to consider when making a significant charitable donation. You can donate land, a building, or even shares of a limited partnership that owns real estate. If you have owned real estate for more than 12 months and it has appreciated in value, you can donate the property to any fund at the Foundation. We sell it, you avoid the capital gains tax and receive a charitable income tax deduction for the full fair market value of the property. The property is no longer part of your estate.
Fund Name Here
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Charitable Gift Annuity
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A meaningful gift with a guaranteed income
Economic uncertainties and an unstable market have many supporters looking at the guaranteed returns of a Charitable Gift Annuity. It is a planned giving vehicle that provides a lifetime income, a charitable tax deduction, and a way to make a meaningful gift to the Jewish community.Charitable Gift Annuities typically enjoy a higher rate of return than most conservative investments. And they are never subject to market fluctuations.
Here’s how it works:
Fixed Income for Life– You receive guaranteed payments on a quarterly or annual basis for the
remainder of your life, or for two lives if you include a family member or friend.
Income Tax Deduction – Part of your gift is deductible and part of your income payments
are tax free.
Minimum Gift – For as little as $5,000, you can enjoy the benefits of a
Charitable Gift Annuity.
Minimum Age– You must be 60 years of age to begin receiving payments immediately,
but starting at age 55 you can establish a deferred gift annuity by delaying payments until you reach age 60. The older you are when the annuity payments begin, the higher the payment rate.
* Effective rate is higher because part of the income payments are tax-free – this example assumes an income tax rate of 25%
Effective Age Rate Rate of Return*
65 5.5% 7.1%
70 5.8% 7.8%
75 6.4% 8.9%
80 7.2% 10.2%
85 8.1% 11.9%
90 9.5% 14.3%
Gift Annuity Rate Chart
Board of Trustees – 2009-2010
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Additional Founding Trustees: Asher Black, Gerald Black, Melvyn Charney, Deborah Friedman, Bernard Goldberg, Martin Irwin, Sheldon Kruth, Philip Pinsky, J. Jeffrey Solomon* *Deceased
Nancy M. Belkowitz Neil M. BronsteinWilliam P. Berinstein Neil A. GoldbergMark H. Field
Lynn H. Smith, Chair
Howard A. Port Secretary/Treasurer
Edward S. Green, VP Finance
Philip L. Holstein Sheldon J. HorowitchDavid R. Hootnick Sheldon G. KallAlexander E. Holstein
Fund Name Here
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David A. Holstein Foundation Attorney
Richard Friedman SJF Executive VP
Linda Alexander Executive Director
Debrah A. ShulmanCheryl E. SchotzWilliam J. Pearlman Arnold J. RubensteinBenjamin D. Levine
Committee Members: Alan Burstein, Gary Grossman, Neil Hoyt, Lowell Lustig, Michael Moss, Marilyn Pinsky, Barry Shulman
Steven L. Sisskind Warren D. WolfsonPaul M. Solomon John E. Sonne Gershon Vincow
Board of Trustees – 2009-2010
Non-profit Org.U.S. Postage
PAIDSyracuse, NY
Permit NO. 1522The Jewish Community Foundation of Central New York, Inc.5655 Thompson Road | DeWitt, NY 13214
jewishfoundationcny.org
Forwarding service requested
MISSION STATeMeNT
Our mission is to ensure the continuity of Jewish life in Central New York into the future. We will… Provide donors with opportunities that are meaningful to meet their philanthropic interests. Serve as the community depository of endowed funds for the Central New York Jewish community. Create an environment to make giving relevant to people of all ages. Function in a manner consistent with the best principles, traditions, and teachings of our people.