David Harris
November Legacy News: Beth Adam & Sha’arei Torah: Recipes for Success; Why I Give; Ted Schwartz video; Deb’s tip; AgeWell Cincinnati; more
Beth Adam and Sha’arei Torah’s “Recipe for Success”: Lessons from the Create Your Jewish Legacy Program
Interviews by Danielle V. Minson, Chief Development Officer, Jewish Federation of Cincinnati
In these interviews, I ask for the lessons learned from two especially successful teams: Beth Adam from Cohort 1 and Sha’arei Torah from Cohort 2. First, meet Paul Korn from cohort 1. He is on the CYJL team from Congregation Beth Adam; he is also a former president and board member there.
Danielle Minson: How did Beth Adam get involved in CYJL?
Paul Korn: We were approached by Federation four years ago, and we decided as an organization to take this on as a project. We had tried for 10 or 15 years to establish a legacy giving program—I was also on the finance committee—but had never been able to get the momentum going. CYJL provided us the framework.
We embraced it as not just a temporary project, we decided this was a worthwhile long-term project, to incorporate into our congregation as a normal process. Which should be the goal of every organization that participates. In 10, 20, 30-plus years we are talking about financial stability for the organization. That was very meaningful for us. More >
Why I Give: To Help Survivors of Hurricane Harvey
“Gabriel, our 7-year-old son, initiated collecting money for the homeless about a year ago. After the hurricanes, we gave him the option to direct it there, and he liked the idea. We were proud it was his first Federation gift.”
—Michelle and Chase Kohn, proud parents of Gabriel
Gabriel Kohn, age 7, is a student at Rockwern Academy.
We grieve the loss of Ted Schwartz
His humble and generous spirit inspired many lives. Ted believed in serving others—as he says in his legacy video, his family did that, and he believed it’s the right thing to do. Fortunately, Ted’s story was captured and will be retained in The Legacy Flame exhibit, so that others may remember him and learn by his example. Our thoughts are with the Schwartz family during this time of loss. May his memory be a blessing.
Deb’s November Tip: Rollover Win: Sam Supports 4 Local Jewish OrganizationsBy Deb Steinbuch
Many of those in our community over 70 and a half years of age have created endowment gifts using distributions from their IRAs. This gift creates benefits the community and offers a tax benefit for them. With the end of 2017 approaching, I wanted to share with you a relevant story.
We’ll call the donor Sam Henry. Sam turned 72 this year and had to take a required distribution from his IRA. Currently his IRA is valued at $950,000 so he has been withdrawing a little over $35,000 a year. The distribution was increasing the income taxes he owed and he and his wife didn’t need the money for living expenses.
After discussing options with his financial advisor, Sam learned that 2015’s permanent Tax Act permits rollovers from IRAs directly to most charities without recognition of income. Sam does not need his IRA distribution and was looking for a creative way to help the Jewish community that has been so central in his life and that of his wife and children. More >
My name is June Ridgway. I am manager of AgeWell Cincinnati, a new central solution that links older adults, their family members, friends, and caregivers to community resources for aging well in Jewish Cincinnati.
I have more than 30 years of experience, including 15 years as a medical social worker at the University Hospital and manager in the Aging and Caregiver Services Department at Jewish Family Service.
To meet the needs of those 60 and better, the Cincinnati Jewish Senior Service Coalition created AgeWell Cincinnati. AgeWell Cincinnati is led by Jewish Family Service in partnership with Cedar Village, JVS Career Services, and the Mayerson JCC.
Between these organizations, older adults in Jewish Cincinnati have access to more than 60 amazing programs, services, and resources geared directly toward them. However, many Cincinnatians find it difficult to locate these programs and services. More >
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