A WIN-WIN ARRANGEMENT
By Jerome Levy, M.D.
OK, OK. For months now, we have been telling you about the multiple advantages of establishing a CBI endowment, e.g., providing a regular income while you are still alive; helping the temple by providing a future source of needed income; tax advantages; perpetuating the ideals of our faith. Now, lets do away with some of the possible perception of negativity.
Some of you still hesitate to take the first step toward commitment. It has occurred to me that one reason for inaction may be your desire to ensure that the value of your present estate passes to your heirs without diminution. You may think that a large gift would deplete your estate. Not true if you take a relatively simple precautionary step.
Remember that income you would receive from the endowment? It could be used to help regularly pay premiums for an irrevocable life insurance trust, the face value of which could be equal to the amount of your endowment. Clever, eh? Your estate legacy to your beneficiaries is preserved. No more worries on that score. Now, go see your estate planner, Merle Brodie of the Jewish Community Foundation, or Stuart Simmons, to get going on your personal tzedakah and tikkun olam !
Shalom,
Jerome Levy, M.D
If you are interested in a confidential appointment to explore ways in which you may wish to make an endowment gift, please contact Stuart Simmons, Executive Director, at 858-535-1111 ext. 3113.
Merle Brodie, a member of our congregation and our Endowment Committee, serves as Director of Philanthropy at the Jewish Community Foundation. If you are interested in learning more about tax saving strategies through charitable giving, please call Merle at 858-279-2740.Return to articles about endowment
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