TAPESTRY JUNE 2015

TAMUZ 5775

A Publication of the Federation Endowments Corporation of the Jewish Federation of Greater Philadelphia

Two Jewish Federation Volunteers

Leaving a Legacy Through Endowment Giving Two top volunteers of the Jewish Federation of Greater Philadelphia have committed a total of roughly $11 million to the endowment fund of the Jewish Federation. The endowment commitments include $10 million from Bud Newman, Jewish Federation President, and his family, as well as $1 million from his immediate predecessor, Sherrie Savett. According to Newman, it was a “very brief discussion” when he and his wife, Judith, approached his sister Lynne Ferman and their combined six children and their spouses to propose committing $10 million to the endowment fund through life insurance policies. “We’ve created this because we’re all of the same mind,” said Newman, who credits his grandfather for setting his family’s path toward Jewish life and giving. His grandfather, David Newman, an immigrant who founded the paperboard manufacturing company Newman & Co., which is still going strong 96 years later,

became active in the local Jewish community as a young man. David Newman’s four children, three grandchildren — including Bud Newman, who now serves as company President — and five great-grandchildren not only

to be in a position to make such a substantial gift, which will come over a period of years as the life insurance policy is realized for each participant. They include: Newman and his wife; their children, Lisa and David Newman, Jessica and David Solomon and Rachel and Eric Schwartz; and Lynne Ferman and her children, Risa and Michael Ferman, Susan and Michael Paul, and Michelle and Adam Simmens.

Judy and Bud Newman

followed him into the family business, but also followed his Jewish and philanthropic direction as well. “Being raised in a family like that, it was taught to me and inculcated in me in a very easy, simplified way. I bought into it and so have other members of my family,” Newman said. Newman said he had long hoped

Sherrie R. Savett, Esq.

For her part, Savett has named the Jewish Federation as the beneficiary of her 401(k), which is expected to be in excess of $1 million when she dies. Savett said she, too, grew up in a warm and loving Jewish family, but her passion (Continued on page 5)

Message from the

President & Director Judaism is about community. We require 10 adults to pray together in a minyan (sometimes translated as a quorum). It’s hard to believe that G-d is counting how many people are in the room for prayers. That minyan, that quorum of 10, creates a community that is there for its members in good times and bad. Many people experience this profound sense of community found in the minyan for the first time when they commit to saying kaddish on a regular basis for a parent or other family member. They know that each day they will see the same familiar faces of others who may be experiencing a similar type of grief and that together they create a community. Often someone who was not a regular minyan attendee remains a “regular” after their period of mourning is over to be there for others who need this community. This same principle applies to the Jewish Federation of Greater Philadelphia and the Federation Endowments Corporation. We are about creating community for all members of the Greater Philadelphia Jewish community. One person cannot build community. It takes each person contributing what they can to the Annual Campaign and to the Endowment to make our Jewish community strong. Thus the 2015-2016 campaign theme - “stronger together.” With your help and your capability contribution, of any size, to the Jewish Federation’s Endowment we are building a strong foundation for the future of our community. For the 2015-2016 programming year over $7.5 million dollars from our Endowment funds will be distributed toward programs that enhance life for the members of our Jewish community in Greater Philadelphia, in Israel and around the world. This is almost one-third of all the dollars distributed. Please join us and all the people profiled in this issue of Tapestry as well as hundreds of others in keeping our community strong today and in the future with your endowed gift.

Mark S. Blaskey, President

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Rachel A. Gross, Director

jewishphilly.org

President Bud Newman Chief Executive Officer Naomi L. Adler, Esq. Chief Development Officer Andy Behrend

President Mark S. Blaskey, Esq. Director, Planned Giving and Endowments Rachel A. Gross, Esq. 215.832.0572 Chair, Federation Investment Committee Daniel A. Shapiro Chair, Women of Vision Penni Blaskey Senior Endowment Officer Jennifer M. Brier, Esq. 215.832.0528 Senior Endowment Officer Director, Women of Vision Susan Lundy 215.832.0849 Senior Endowment Officer Ellen Sklar 215.832.0574

Information contained in Tapestry is for informational purposes only and should not be construed as legal or tax advice. Consult your lawyer or tax advisor when considering planned giving strategies.

Restricted Endowment Funds Strengthen Jewish Identity by Supporting Jewish Camping Five years ago, Laurie’s* husband died suddenly. Along with all the other emotional and practical upheaval, Laurie realized that her boys, Wayne, then 12, and Seth, 9, risked losing their connection to Jewishness. “I needed to recapture that we’re Jewish,” Laurie recalls; “the feeling and culture I grew up with, I wanted for them.” For months, she “tried to find places for them where they could be kids – they still had to be kids!” Laurie decided that Jewish summer camp was the best solution, but she couldn’t afford it. Laurie reached out to the Jewish Federation of Greater Philadelphia and learned of its need-based scholarships. Wayne and Seth qualified and went to Camp Galil in Bucks County that summer. You can help members of our community like Laurie, Wayne and Seth by establishing a Restricted Endowment Fund to benefit camp scholarships. Eleven Restricted Endowment Funds with the Jewish Federation have given a total of $73,000 during 2014-15 to help community members send their children to camp this summer. A Restricted Endowment Fund can be created with a gift of $25,000 or more; the assets are invested in the Jewish Federation’s diversified portfolio and annual

distributions are used to fund scholarships. Federation Endowments Corporation staff will work with you to define the purpose of your fund and manage it to ensure it has the greatest impact possible. Laurie is thrilled with the difference camp made: “I remember picking them up from camp, and they’re talking Hebrew, and talking about Israel, and singing the songs I sang when I went to camp.” Wayne adds, “For years, I’d been trying to figure out exactly how being Jewish will play into my life. The Jewish culture at Galil really resonated with me….I’m going to be a counselor at camp. Judaism is so much more a part of me, and I want to give that to other kids.” Seth says: “Before Galil, I thought being Jewish meant praying every day and having a covenant with G-d, but now I realize it’s more than that: It’s about caring for each other.” Laurie emphasizes the importance of the scholarship made possible by the Jewish Federation and its donors: “In my case, it made the difference between my children going to camp and not going to camp.

And this has changed our lives. Not only did my husband die – we were dying. Camp gave us life.” Barbara Hirsh, Director of Jewish Federation’s Center for Jewish Life and Learning, says: “Jewish camp offers kids the opportunity to explore who they are and who they want to become in an active, inspiring and fun-filled environment. It provides a real-life experience of Jewish community and promotes life-long Jewish identity.” Federation Endowments Corporation Director Rachel Gross emphasizes: “Restricted Endowment Funds help ensure that the programs that matter to you will continue. They are a legacy in your name, an indelible statement to the community of your values and your commitment to the future of our Jewish community.” Jewish Federation supporters’ generosity helped nearly 1,000 children attend Jewish day and overnight camps this past year. For more information about establishing a Restricted Endowment Fund, please contact Jennifer Brier at 215.832.0528 or [email protected].

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Do I Really Need A Will? YES. A Will is a vital document that protects your family and those you care about. A Will is the best way to guarantee that your assets – regardless of the size of your estate – are distributed exactly how you want. A properly drafted Will allows you to:

What if I already have a Will? It is important to reread and update your Will periodically. As events such as births, deaths, marriages and divorces occur and financial circumstances change, you may want to review your will so you can alter it as necessary.

• Direct who receives your assets. Without a Will, state law determines who receives what. The law may call for a distribution similar to what you want or it may not. • Assist relatives, friends, worthwhile causes, institutions and others that the state intestacy laws omit. Without a Will, these people and charitable institutions will not be remembered. • Appoint the person who will manage your estate (called an Executor). Without a Will, the court appoints an administrator, who may or may not be the person you would want in that position. • Appoint a guardian and provide for the care of minor children. • Potentially minimize taxes and other costs. • Express your personal values. You may wish to memorialize a loved one, aid an impoverished friend or relative or distribute cherished heirlooms to special people. Getting a Will The following example demonstrates the importance of hiring an attorney to prepare your Will. The Jewish Federation of Greater Philadelphia recently inherited a home from Mr. G. Mr. G was retired and living on a fixed income. He owned his home in Northeast Philadelphia and had other assets. When he died, he left a self-prepared, handwritten Will, which specifically left the home to the Jewish Federation. In another section, the Will listed several charities, but did not state what they were to receive. Because Mr. G did not specifically state the gifts for the charities, distant relatives not named in the Will received a large part of his estate. You should meet with an attorney who practices in the area of estate planning or Wills and trusts.

How Does My Will Help the Jewish Community? As you think about these important decisions, we hope you will consider a bequest to the Jewish Federation. Your gift, made through a bequest in your Will, will strengthen the Jewish community after you are gone without impacting your present financial situation or lifestyle. You can make a gift in several different ways: 1. A general or unrestricted bequest of any amount allows the Jewish Federation to determine where your gift is needed most. 2. A restricted or designated gift supports a specific program, agency or area of interest locally or overseas (services to the elderly, programs in Israel or Jewish overnight camp, for example). 3. An Annual Campaign endowment will keep the principal of your donation intact and make a gift to the Jewish Federation’s Annual Campaign in your name, in perpetuity.

For more information, please contact Jennifer M. Brier at 215.832.0528 or [email protected].

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Two Generations of Women of Vision

Help Foundation Reach Milestone

Women of Vision, the permanent Jewish at the Women’s Philanthropy “WE” event, close Women’s Foundation of the Jewish Federation family friend Rabbi Lynnda Targan, Women of Greater Philadelphia, was established in 1994 of Vision’s membership chair, suggested the by 100 women seeking a hands-on experience in membership. Both Kaplin and Baer loved the idea. charitable giving. This spring, Women of Vision Kaplin, who joined Women of Vision in 2011, welcomed its 500th member. became even more involved in the Making the occasion even more group this year when she joined special: the membership was a gift the Grants Committee. “We are a from longtime Jewish Federation family that believes in community of Greater Philadelphia leader and giving back,” says Kaplin, and Women of Vision member whose husband is Jewish Esther Kaplin to her daughter, Federation leader Marc Kaplin. Simi Kaplin Baer, also a very “This is a great way for Simi to committed Jewish Federation Esther Kaplin and Simi Kaplin Baer at the be part of something that’s very 2015 Women of Vision Spring Luncheon. supporter. special.” When the question of what birthday present Kaplin should get her daughter was discussed

Baer agrees. “Women of Vision provides a platform to be involved with (Continued on page 8)

Leaving a Legacy through Endowment Giving (Continued from page 1) for Jewish life and giving got a later start, when she was invited to join a Jewish Federation mission to Israel at the age of 29.

the endowment,” said Rachel Gross, Director of Planned Giving and Endowments. “That’s a big deal.”

“The experience empowered me as a Jew and sparked a lifelong love affair with this Federation and the State of Israel,” Savett said at the Jewish Federation’s Main Event this past November, where she was honored for her service as President.

Naomi Adler, CEO of the Jewish Federation, said the endowment commitments by Newman and Savett are “an amazing example of what needs to happen more in this community: Big donors standing up and showing pride in giving to the Jewish Federation.” This is not about them, she said, it’s about “showing other people what they can do.”

Savett was inspired to make her endowment commitment now because “I want to ensure the future of the Jewish people after I’m gone,” she said. “I trust the Federation to make very sound decisions about Jewish life and the future of the Jewish community and to use the money wisely to perpetuate a vibrant Jewish community.”

The generosity of Savett and of Newman and his family was recognized at this past year’s Legacy and Remembrance Event on Sept. 30, 2014 (see pages 6-7 for more information on the Legacy Society).

The idea made even greater sense, Savett said, when she learned that by giving her retirement plan to a charitable institution rather than to her children, there would be no taxes paid on it.

Newman hopes that his family’s endowment gift serves as an example for others “to step up and do more. I believe we can grow our annual giving and our endowment significantly if we pull together.”

The two endowment gifts are being touted as a significant development in this year’s fundraising efforts. “We’ve never had our outgoing president and current president make seven-figure gifts to

For more information on making a planned gift or on the Jewish Federation’s Legacy Society, please contact Rachel Gross at 215.832.0572 or [email protected].

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Legacy Society Welcomes and Honors Generous Members

On Sept. 30, 2014, the Jewish Federation of Greater Philadelphia held its Legacy Society and Remembrance Event to honor Legacy Society Members and welcome new members, as well as pay tribute to generous community members who left a legacy to our community in 5774. The Jewish Federation’s Legacy Society honors individuals and families who have made arrangements for planned or endowment gifts of $100,000 or more. These include an outright gift, a bequest in a Will, an insurance policy, designation of a retirement asset or IRA, a life income plan such as a charitable gift annuity or a charitable remainder trust, or a permanent endowment set aside as part of a philanthropic fund, supporting foundation or private foundation. Legacy Society gifts can be structured to benefit the Jewish Federation and other agencies, synagogues or other local, national or international Jewish organizations that address your passions. The Jewish Federation will make distributions to the organizations that you have designated.

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New Legacy Society Members Dennis and Phyllis Malinger.

New Legacy Society Members Larry and Iris Brownstein.

New Legacy Society Member Sandy Brecher (third from right) enjoys the celebration with Jewish Federation CEO Naomi L. Adler and Brecher’s children (from left) Andrew and Dara Brecher, Deanne Brecher and Neil Brecher.

Two generations of Legacy Society Members: Karen Kramer, Arnold Kramer, Mickey Kramer and Bill Kramer.

The Jewish Federation of Greater Philadelphia is deeply grateful to the following individuals and families who joined the Legacy Society or increased their giving level during the year ending September 2014: GOLDEN GATE – gifts of $1 million or more Legacy Society Members Jules and Shirley Pearlstine, and Stefani and Marvin Levin.

Philanthropy is a family affair for members of the Newman and Ferman families. New Members Michael and Susan Paul, Rachel Schwartz, Judy and Bud Newman, Jessica Solomon, Michelle Simmens, Lynne Ferman and Michael Ferman.

Nate* and Lynne Ferman Risa and Michael Ferman Phyllis K. and Dennis S. Malinger Judith and Bernard Newman Lisa and David Newman Susan and Michael Paul Sherrie R. Savett Rachel and Eric Schwartz Michelle and Adam Simmens Jessica and David Solomon Edward B. Weinstein* Anonymous

ZION GATE – gifts of $500,000 or more Susan and James Meyer

JAFFA GATE – gifts of $250,000 or more Iris and Larry Brownstein Louis and Sarah Goldberg*

LIONS’ GATE – gifts of $100,000 or more Sandi Brecher Sandi Foxx-Jones Lori and Raymond Levin Gerald Samkofsky* *Of blessed memory New Legacy Society Member Sandi Foxx-Jones.

Legacy Society Members Susan and James Meyer.

Jeff Mand, Linda Mand, Sunnie Baron-Freeman, Sharon France, Jill Kleeman and Julie France.

The Legacy Society’s four levels are named after the historic gates of Jerusalem, which are symbols of permanence and faith in the Jewish community. For a complete list of Legacy Society Members, go to jewishphilly.org/plannedgiving and select the “Donor Groups” tab. You can become a Legacy Society Member in many different ways, most offering financial and tax benefits. For more information on joining the Legacy Society, please contact Rachel Gross at 215.832.0572 or [email protected].

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Help Foundation Reach Milestone (Continued from page 5) the work that Jewish Federation does on a more having the opportunity to make real change in-depth level,” she says. “Most of the time, I’m with my mother by my side. I hope to share that making a general gift and leaving it up to lay opportunity with my daughter, Alexa, some day.” and professional leadership to Women of Vision’s members decide where the money is spent. have all made one-time gifts Additionally, as a daughter and a “Women of Vision that enable the foundation to mother of a girl, I’m particularly provides a platform make significant grants. Each interested in the work that to be involved with member can vote on how the Women of Vision does to the work Jewish grants are distributed. Women empower girls and women.” of Vision grants promote health Federation does on “I don’t know life without a more in depth level.” and well-being, educational and Jewish Federation,” continues leadership development and Baer. “My brother, Andy, and I economic security for Jewish are third generation Jewish Federation supporters women and girls locally and in Israel. and participants. My grandmother was a Lion For more information on Women of Vision, of Judah and wore her pin with great pride. contact Susan Lundy at 215.832.0849 or My parents have been involved as long as I can remember. There is something special about [email protected].

The proceeds from the sale support the Jewish Federation’s mission. According to Rachel Gross, Director of Planned Giving and Endowments, the Jewish Federation has averaged about two vehicle donations per month since it began accepting them in 2012. Proceeds from the donated vehicle sales go to the Annual Campaign or the Endowment. “It allows people to take what may be ‘junk’ that’s sitting in their driveway, and with one call they can benefit the Jewish Federation,” Gross said.

MAKE A CAR DONATION

MAKE A DIFFERENCE

Additional benefits of donating your vehicle include: • Avoiding the hassles of selling a vehicle • No need to pay hefty repair bills

You can turn your car, truck, boat, motorcycle, RV or other vehicle into a charitable contribution to the Jewish Federation of Greater Philadelphia. The Jewish Federation works with a vehicle donation processor who makes all the arrangements at no cost to you. You will receive a letter for tax purposes that indicates the amount for which your vehicle sold.

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• Freeing up space in your garage To date, the program has raised over $45,000 to address the Jewish community’s most pressing needs locally, in Israel and around the world. To learn more about donating your vehicle, call 866.985.GIVE or visit jewishphilly.org and select the “Ways to Give” tab.

Jewish Federation Helps Community to

Collectively Create a Jewish Legacy

Representatives of 15 Jewish communal agencies and synagogues are working collaboratively with the Jewish Federation of Greater Philadelphia to transform the way their leadership and members view the importance of legacy gifts in securing our Jewish future. The Abramson Center for Jewish Life, Barrack Hebrew Academy, Boys Town Jerusalem, HIAS Pennsylvania, Hillel of Greater Philadelphia, Jewish Learning Venture, the Jewish Relief Agency, Kesher Israel Congregation, Kohelet Yeshiva High School, Main Line Reform Temple, Ohev Shalom of Bucks County, Congregation Ohev Shalom of Wallingford, Old York Road Temple-Beth Am, Congregation Rodeph Shalom and Torah Academy of Greater Philadelphia have all participated in the Jewish Federation ‘s Areivim Legacy Community Project, now known as the Create a Jewish Legacy program. According to Ellen Sklar, Senior Endowment Officer at the Jewish Federation, the success of the program, which began in 2011, lies in conversations that bring planned giving options, such as bequests, to the forefront of people’s minds. “The program gives community members the opportunity to take the time to think about what is important to them and how they want to make the world better for the next generation.” Gail H. Raznov, who co-chairs the Legacy Campaign at Old York Road Temple-Beth Am in Abington, espouses the philosophy that is at the very heart of this legacy gift initiative. “If one values the survival of the Jewish people and the Jewish religion, one must ask what they can do to sustain that survival,” she says. “In addition to what committed families can do, our Jewish institutions play a critical role in this process.” When Raznov and her fellow co-chair, Barbara

Lincow, began talking with congregants about participation in the Legacy Program, they discovered that 35 percent of those whom they asked had already created a legacy for Old York Road TempleBeth Am. “We have had two successful group Aliyot to the Torah to honor those congregants who had already made a commitment,” Lincow says, adding that afterward, many people came up to her and asked how they could make a legacy gift of their own. Through articles in the synagogue’s newsletter and, more importantly, through one-on-one conversations about how to perpetuate their passion for the synagogue through legacy gifts, Raznov and Lincow have helped congregants begin thinking about how they can secure Beth Am’s future. Lincow is grateful to the Jewish Federation for “giving our synagogue the chance to connect with the Jewish Federation and receive assistance throughout the process of establishing an endowment program.” Andy Szabo, Legacy Program team leader at Congregation Ohev Shalom of Wallingford, was part of the first cohort. Szabo said that when the idea of creating a planned giving campaign was initially pitched to the congregation’s leadership, “our entire Executive Committee signed letters of intent.” Szabo has made two legacy presentations during Kol Nidre services that spurred 35 congregants to create legacy gifts. Almost every issue of the synagogue’s newsletter has an article focusing on what it means to be a legacy member and how to become one. He is not surprised that in a congregation of some 320 families, more than 10% are legacy program participants. “Our legacy campaign sends a powerful message to current and prospective members that Ohev Shalom is important to us, and the programs we currently enjoy must be perpetuated for future generations.” The Jewish Federation is creating a third cohort of partners for its Create a Jewish Legacy program. For more information, please contact Ellen Sklar at 215.832.0574 or [email protected].

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Jewish Federation Honors Those Whose Tzedakah Will Live on Forever

Jewish Federation Launches

Tikkun Olam Society

If you leave a gift of any size to the Jewish Federation of Greater Philadelphia in your Will, we will make you a member of our new Tikkun Olam Society. You will be helping create a strong future for the Jewish community. You will enjoy these benefits: • Making a difference in this world. • Being recognized at our Circle of Partners event. • Receiving a framed Certificate of Philanthropy. • Receiving an invitation to our annual thank you event. • Strengthening our Jewish community for future generations. • Inviting family and friends to memorialize you at our Annual Legacy and Remembrance event at the time of your demise. “Because every gift for the future of our Jewish community is important, the Tikkun Olam Society was created to recognize those people who have made a commitment to the Jewish Federation through their estate plan,” says Rachel Gross, the Jewish Federation’s Director of Planned Giving and Endowments. The Tikkun Olam Society reinforces the idea that one does not have to be wealthy to make a legacy gift. “There is a place at the Jewish Federation for anyone who cares about making our future Jewish community viable and stable for the next generation,” says Senior Endowment Officer Ellen Sklar. Sklar adds, “One of the tenets of Judaism is that ‘we are responsible for one another.’ And each of us has an obligation to sustain the community.” If you have already made arrangements in your Will to leave a gift to the Jewish Federation, or if you would like more information about the Tikkun Olam Society or a Wills kit, please contact Ellen Sklar at 215.832.0574 or [email protected].

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On Sept. 30, 2014, the Jewish Federation of Greater Philadelphia paid tribute to the following 34 generous men and women, of blessed memory, who provided for the continued vitality of the Jewish community through the Jewish Federation in their estate planning, most often by making a gift in their Wills. Frances & Joseph L. Alberstadt Anonymous Allen Apter Albert & Sylvia Berman Rosalind Biskind Ruth S. Chalfin Jeanne Roselle Cohn Edward A. Comer Samuel J. Cooke Sonia Abrams Crane Philip Eidelson Sheldon S. Farber Benjamin Garsten Miriam D. Glantz Lester A. Goldstein Lawrence Goodstein Reynold H. Greenberg, Jr. Shirley B. Komins Frederick J. Leinhauser Miriam Legman Nettie Leschinsky Janet G. Lindsley Howard Marx Arlyn H. Miller Samuel L. Pinkenson Gordon Podensky Gerald Samkofsky Judith P. Schur Paul J. Sude Edward B. Weinstein Hannah Weiss Margery S. Wolf

The Jewish Federation thanks these very special community members for establishing a legacy of generosity. May their memories be for a blessing.

2015 Bronstein Seminar to Focus on

Recent Tax Law Developments

Attorneys, accountants, trust officers, insurance professionals and financial planners are invited to mark their calendars for the 20th Annual Solomon and Sylvia Bronstein Seminar for Professionals being held on Thursday, September 10, 2015, at the Hyatt at the Bellevue from 8 a.m. to 10 a.m. The Estate Planners Advisory Committee of the Jewish Federation of Greater Philadelphia is proud to present this annual opportunity to increase local professionals’ expertise in estate planning and endowments.

Greater Philadelphia community who has provided distinguished service to the Jewish Federation’s endowment programs. 

Barsky is a Partner in McGladrey LLP’s Philadelphia office, where his practice includes providing business advice and tax planning to high net worth individuals and families. Barsky has been involved at the Jewish Federation in numerous capacities over many years, including serving on the Board of Trustees, Board of Directors, Finance Committee, Executive Committee, and most recently, This year’s program features guest on the boards of the Federation speaker Edward J. Beckwith, Endowments Corporation and the a Partner with BakerHostetler Jewish Publishing Group.  He has in Washington, D.C. He is the also served on the boards of the national leader of BakerHostetler’s Abramson Center for Jewish Life, Tax-Exempt Organizations Federation Early Learning Services and Charitable Giving practice. and Congregation Beth Or. Beckwith will be presenting on Attorneys, CPAs, insurance prorecent developments in tax law. fessionals and certified financial The event will also feature the planners are eligible for credit for presentation of the Edward N. one hour of continuing education. Polisher Award to Scott Barsky, For more information please CPA. The Polisher Award is given annually to an outstanding contact Jennifer M. Brier at estate planning professional in the 215.832.0528 or [email protected].

2014 BRONSTEIN SEMINAR SPONSORS The Federation Endowments Corporation gratefully acknowledges the following sponsors whose generous contributions helped underwrite the cost of the 19th Annual Solomon and Sylvia Bronstein Seminar: PLATINUM SPONSOR

GOLD SPONSORS

SILVER SPONSORS The Arjay Group, Inc. Bala Law Group, LLC Glenmede Isdaner and Co., LLC CPAs Law Offices of Sand Gibbs, LLP Wilmington Trust Zarwin, Baum, DeVito, Kaplan, Schaer and Toddy, P.C.

SPONSOR

2014 BRONSTEIN SEMINAR HIGHLIGHTS

Mark Blaskey, Federation Endowments Corporation President, presents the Edward N. Polisher Award to Ron Perilstein.

Scott Isdaner, Chairman of the Bronstein committee; Mark Eskin, member of the Bronstein committee; Robert Bacine of sponsor Friedman Schuman, PC; Jay Minkoff and Michael Steinberg.

Robert Bacine and Marjorie Scharpf of sponsor Friedman Schuman PC; Ruth Tanur of sponsor Isdaner and Co. and Laurie Gunther of sponsor Alexander & Pelli, LLP.

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TAPESTRY

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A Publication of the Federation Endowments Corporation of the Jewish Federation of Greater Philadelphia

To find out how you can join hands with the Jewish community of the future, please contact: FEDERATION ENDOWMENTS CORPORATION 2100 Arch Street, Philadelphia, PA 19103 215.832.0572

Annuity Helps Gordon Podensky

Care for Himself and His Beloved Community Gordon Podensky was very committed to the Jewish community, according to his partner, Sunnie Baron Freeman. Podensky cared deeply about local Jewish needs and Israel, as well as Jewish continuity and identity.   During his lifetime, Podensky, who was a retired school psychologist and social worker, established a $10,000 Charitable Gift Annuity with the Jewish Federation of Greater Philadelphia. Each year during his life he received a guaranteed fixed payment from the Jewish Federation. When Podensky passed away last year at age 94, the remainder of his unrestricted gift annuity went to the Jewish Federation to support the Jewish community about which he was so passionate. Single-Life Annuity Rates

Age Payout Rate

90+ 9.05%

Charitable Gift Annuities are an excellent planned giving option for community members of virtually any wealth or income level, and are an excellent alternative to today’s low CD rates. Annuities increase donors’ income while helping the Jewish Federation to meet the Jewish community’s most critical needs. Donors 55 and older who establish a gift annuity many receive a tax deduction. Jewish Federation staff members are happy to discuss Charitable Gift Annuities with you. For more information, please contact Rachel Gross at 215.832.0572 or [email protected]. 85 80 75 70 65 7.85% 6.85% 5.85% 5.15% 4.75%