Legacy Newsletter - Spring 2012

VOL. 22 NO. 1

NEWS AND INFORMATION FOR DONORS AND FRIENDS OF THE JEWISH COMMUNITY FOUNDATION

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SPRING 2012

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5772

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ENDOWING THE FUTURE

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The generosity of many Foundation donors continues in perpetuity through endowment funds which support our community.

Building a Permanent Community Legacy Through Endowments

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hen donors ponder and plan their philanthropic legacy, they often wrestle with a variety of options. One particular charitable instrument that results in continuing impact in the community has been the creation of an endowment. During the past three years (2009-2011), the Foundation has received $25 million in new endowments, and it currently manages some 200 endowments valued at $246 million.

In 2011 alone, The Foundation realized $9 million from endowments established by Alex Kushner, Steven Wallace, Sydney and Constance Dunitz, and Raymond and Shirley Kornfeld.

This trend is due, in large part, to the fact that donors are confident The Foundation will manage an endowment according to their wishes. Donors’ wishes and motivations for founding endowments are personal and diverse. Certain donors turn to The Foundation because they recognize it will be able to skillfully assess and respond to future community needs with the resources they have provided. Another constant is The Foundation’s ability to dutifully manage and fulfill their creators’ specific wishes. Equally important, Foundation staff can work alongside donors to assess their options in establishing endowments that will reflect their values in perpetuity.

Alternatively, others create endowments to benefit a breadth of worthy organizations which also reflect the next generation’s charitable interests and preferences.

And, in that same vein, seeding an endowment can ensure continuing family involvement in the process.

Take the case of Werner and Ellen Lange, whose commitment to building a life together after escaping Nazi Germany spawned a substantial financial resource for the Jewish community that will have a profound and lasting impact.

Their legacy is embodied in The Werner and Ellen Lange Endowment Fund, which has distributed some $500,000 to $750,000 each year to various causes since its creation in 2003. One-third of the annual

A Glance At What’s Inside:

ENDOWING THE FUTURE

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GENERAL COMMUNITY GRANTS

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LEAVING A LEGACY: HARRY & BELLE KRUPNICK

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Endowments can provide a measure of comfort that a charitable legacy will live on to enrich the lives of future generations.

distributions support The Foundation’s annual Legacy Grants that seed new programs and projects in Los Angeles and two-thirds goes toward programs and projects in Israel such as a college scholarship program for Ethiopian Israelis, technological instruction for underserved high school students and Passover food programs for the needy.

Other than guidelines regarding the proportions of how their fund’s earnings were to be divided, the Langes did not make any specific requests about distributions.

They expressed confidence in The Foundation’s ability to make judgments about the programs or projects that would have the most impact at any given time.

Continued on page 2

FROM THE DESK OF

Marvin I. Schotland PRESIDENT & CEO, JEWISH COMMUNITY FOUNDATION

How do I want to be remembered? What will our legacy be? How can the programs and institutions about which I care deeply benefit in perpetuity?

At one time or another nearly everyone, certainly the dedicated philanthropists among us, have asked these or similar rhetorical questions. In the adjacent article, we take a look at several donors, of blessed memory, who ensured their legacies—not to mention support for issues and organizations to which they held fast and cared deeply—would endure by establishing endowments with us at the Jewish Community Foundation. As you will read, each had different motivations for their endowments. The constant, however, is The Foundation and these donors’ unwavering confidence that we would fulfill their varied intentions over the long term.

The mechanics of endowments and how they work are not magic. As a charitable-gift instrument, endowments date back nearly 200 years, with the earliest tracing to Boston in the 1830s. The truly breathtaking elements of endowments come after—in the form of the good works they facilitate—and perpetuate for generations beyond.

And as this meaningful difference is being made—again and again and again through the Continued on back page

Printed with vegetable based inks on recycled paper/30% post-consumer recovered fiber.

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ENDOWING THE FUTURE

The Werner and Ellen Lange Endowment Fund Distributions support The Foundation’s annual Legacy Grants that seed numerous programs in Los Angeles and Israel: ■ A college scholarship program for Ethiopian Israelis ■ Technological instruction for underserved high school students ■ Passover food programs for the needy

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Ellen & Werner Lange, of blessed memory.

Among the many programs supported by the Lange Endowment is a scholarship support and job placement program for Ethiopian Israelis at Ono Academic College in Israel.

The Berton and Barbara Kirshner Endowment Fund

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Distributions support: ■ Cedars-Sinai Medical Center ■ Vista del Mar Child and Family Services ■ Jewish Big Brothers Big Sisters ■ United Jewish Fund

Barbara & Berton Kirshner, of blessed memory.

Vista del Mar provides comprehensive, family-centered social, educational, and behavioral health services to children, adolescents and families, and receives funding from the Kirshner Endowment.

An endowment is a wonderful vehicle that can assist donors in achieving very specific philanthropic goals, both during their lifetime and in perpetuity.”

— Amelia Xann, Vice President, Center for Designed Philanthropy

On the other end of the spectrum is an endowment whose primary focus is on supporting the arts and education-related causes, reflecting the wishes of its creators, the Krupnicks. Since its creation in 2002, the Harry and Belle Krupnick Endowment Fund has provided grants to establish the Krupnick Media Arts Center at Los Angeles Valley Community College, to underwrite Zeitgeist, an acclaimed international Jewish arts festival at the Skirball Cultural Center and the award-winning PBS miniseries, The Jewish Americans. (See related story, p. 7.)

The Krupnicks’ devotion to the arts reflects just one facet of the far-reaching scope of endowments established at The Foundation. Other causes funded with family endowments administered by The Foundation range from orphanages in Israel to food banks in Los Angeles, and from educational programs for homeless and at-risk youth to medical care and shelter for underserved children and families.

These are substantial legacies, to be sure. While many assume that endowments are solely for the super-wealthy, a surprisingly high number are created by caring individuals and families who simply want to do their part to make the world a better place.

N O T A B L E

F A C T S

$25 Million in New Endowments Over the Past 3 Years 200 Total Endowment Funds $246 Million in Endowment Assets

Center for Designed Philanthropy Can Help

Frequently, donors are interested in establishing an endowment, but lack specific objectives for their gifts or are unsure which causes or charities to support.

Donors are often interested in establishing an endowment, but lack specific objectives for their gifts. “Donors who are interested in establishing an endowment fund may benefit from partnering with the Center for Designed Philanthropy,” explains Amelia Xann, vice president of the Center. “An endowment is a wonderful vehicle that can assist donors in achieving very specific philanthropic goals, both during their lifetime and in perpetuity. The Center can assist an individual or a family in articulating with clarity the purpose of their endowment so as to ensure their values and interests are represented accurately now and for the benefit of generations to come.” (See p.6 for more about the Center’s work with endowments.)

Foundation donor Berton Kirshner, who passed away last year, evidently agreed. He and his late wife Barbara established an endowment with the Foundation to perpetually fund four of their favorite charities: Cedars-Sinai Medical Center, Vista del Mar Child and Family Services, Jewish Big Brothers Big Sisters and the United Jewish Fund.

“Working with The Foundation and its Center was a very positive experience for my wife and me,” he commented some years ago. “The Foundation’s staff guided us through all the different options. When my wife passed away, it meant even more to me that we had jointly created this endowment fund, as it will now stand as a permanent memorial to Barbara and the commitment we shared to giving back to our community.” It now serves as a lasting memorial to both Barbara and Berton.

Legacy planning can be rather overwhelming, given the vast number of charitable organizations and causes to consider and different options for structuring funds. The Center can evaluate current and anticipated local needs, as well as the nonprofits that have the capacity and mission to meet those needs. Even more importantly, the Center helps funders pinpoint the values they want their charitable choices to reflect and what they want to be remembered for most.

For the late comedy writer and director Mickey Ross, the direction of his planned giving was very clear. He strongly wanted to support nonprofits that provide the basics of life: food, shelter, medical care and education for needy Southern California residents.

After Ross bequeathed $12 million to fund the Mickey and Irene Ross Endowment, The Foundation began to pinpoint worthy organizations that meet his specific criteria. In 2011, the endowment made its

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ENDOWING THE FUTURE

The Mickey and Irene Ross Endowment Fund

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The endowment created by Doris Factor ensures that the generosity and commitment that defined her life endures in perpetuity by her children and grandchildren.”

Distributions support nonprofits providing food, shelter, medical care and education, including: ■ Homeboy Industries ■ Jewish Family Services ■ Jewish Home for the Aging ■ Jewish Vocational Services ■ L.A. Regional Food Bank ■ MEND (Meet Each Need with Dignity)

Mickey Ross, of blessed memory.

— Marvin I. Schotland, Foundation President & CEO

first series of grants totaling $350,000 which were distributed to nine outstanding organizations: Homeboy Industries, Jewish Family Services of Los Angeles, Jewish Home for the Aging, Jewish Vocational Services, Los Angeles Regional Food Bank, Harmony Project, Homeless Not Toothless, Imagine LA, and MEND (Meet Each Need with Dignity). The Foundation will continue making grants every year to organizations best able to fulfill Mickey’s wishes and to memorialize the Rosses.

MEND is the largest poverty agency serving thousands of the neediest families in the San Fernando Valley per month and is a grantee of the Ross Endowment Fund.

Making the Process a Family Affair

Sydney and Constance Dunitz Endowment Fund Distributions support: ■ John Wayne Cancer Institute ■ Stephen S. Wise Temple ■ Harvard Law School ■ The Nature Conservancy ■ Anti-Defamation League

Sydney, of blessed memory, and Constance Dunitz. ▲

Funding from the Dunitz Endowment helps the Nature Conservancy protect ecologically important lands and waters around the world.

The Doris Factor Endowment Fund Distributions support: ■ Cedars-Sinai Medical Center ■ Jewish Home for the Aging ■ Sourasky Medical Center Israel

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For other donors, determining the goals for an endowment is a family decision, with parents and children all having a say. The process helps connect future generations with the causes that are deemed most important to the entire family. In the case of Sydney and Constance Dunitz, the goal was to support a variety of organizations that reflected the couple’s longtime commitment to education, medicine and the Jewish community. They designated 50 percent of their assets to the John Wayne Cancer Institute, Stephen S. Wise Temple and Harvard University Law School. The balance went to an endowment fund administered by The Foundation to perpetually support a number of other organizations, including two of their daughters’ favorite charities, The Nature Conservancy and the Anti-Defamation League.

Louis Factor and his wife Doris were part of the legendary Max Factor family that has given back to Southern California’s Jewish community and the community at large for four generations. Louis and Doris were both passionate philanthropists who tirelessly devoted their lives to support causes in which they believed deeply.

In the decade prior to her passing, contemplating her life and legacy, Doris engaged in a series of conversations with The Foundation which culminated upon her death in 2004 in the establishment of the Doris Factor Endowment Fund. The multi-million-dollar endowment provides support to the same concerns that Doris energetically volunteered and financially supported throughout her life, including Cedars-Sinai Medical Center and Jewish Home for the Aging to name just a few.

Similarly, the Factor family represents multi-generational philanthropy at its best. Equally important to Doris Factor was that her children, Jerry Factor and Sharon Glaser, pick up the “charitable torch” and play pivotal roles perpetuating their family’s philanthropic interests. And, in that same spirit of l’dor v’dor which characterizes Factor philanthropy, Jerry and Sharon are now facilitating the transition of their mother’s endowment fund to their own children.

“The endowment created by Doris Factor ensures that the generosity and commitment that defined her life endures in perpetuity by her children and grandchildren,” says Foundation President and CEO Marvin I. Schotland. “Her wide range of interests—from medical research, healthcare and the elderly to the arts—continue to benefit as a result of this permanent testament. At The Foundation, we strive to act as diligent stewards of her wishes and intent, faithfully ensuring that her legacy endures.”

Endowments can provide a measure of comfort that a charitable legacy will live on to enrich the lives of future generations. For further information about the range of endowments offered by The Foundation and for consultation on establishing a legacy to fulfill specific wishes and interests, donors and their advisors may contact Dan Rothblatt, senior vice president of philanthropic services, Baruch Littman, vice president of development, or Elliot Kristal, vice president of charitable gift planning at (323) 761-8704.

Doris Factor, of blessed memory.

The Doris Factor Endowment funds important initiatives at Cedars-Sinai Medical Center, including genetics research.

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2011 GENERAL COMMUNITY GRANTS

$200,000 In Community Grants For Veterans and Financial Literacy Programs Eleven Community-Based Organizations Receive Awards

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Care packages lift the morale of our military heroes and are an expression to all troops of our appreciation and support.

Boys and Girls Club of Burbank & the Greater East Valley for Money Matters & Career Launch Grant Purpose: Provide more than 250 youth with basic money management training and more than 80 youth with job training classes to help them learn to be financially self-sufficient and explore potential job opportunities.

Award: $15,000 ■ www.bgcburbank.org

California Council on Economic Education for MoneyWise Teen Grant Purpose: Train 80 LAUSD teachers, who reach more than 12,000 students, in how to teach money management skills so that students make responsible financial decisions.

Award: $15,000 ■ www.ccee.org

Centro Latino for Literacy for Listos Grant Purpose: Teach practical financial skills in Spanish to Latino adults who have basic reading and writing skills.

Award: $20,000 ■ www.centrolatinoliteracy.org

Girls & Gangs for Moving Forward Grant Purpose: Teach life skills for healthy decision-making, independence, and self-sufficiency to more than 50 girls involved with the juvenile justice system.

Award: $20,000 ■ www.girlsandgangs.org

Jovenes for Financial Literacy Workshops Grant Purpose: Teach financial education to 90 homeless youth so they can manage their finances to maintain independent living, healthy decision-making, and permanent housing.

Award: $10,000 ■ www.jovenesinc.org

New Economics for Women for Smart Consumer Grant Purpose: Teach financial education to over 250 women to increase their economic security and build assets over the long term.

Award: $20,000 ■ www.neweconomicsforwomen.org

ive organizations received grants for their programs that support easing the transition of Afghanistan-Iraq war veterans back into society. These include programs that train professionals, parents and caregivers on the impact of deployment and reintegration on families, assist war veterans in their pursuit of higher education, and provide services for homeless male and female veterans, among other critical programs. “With tens of thousands of Afghanistan and Iraq war veterans returning home, The Foundation believed it was vitally important to focus several of our General Community Grants on alleviating the difficulties these dedicated soldiers face in reintegrating into society,” stated Foundation president and CEO Marvin I. Schotland.

The Foundation also awarded grants to six organizations that provide job training, basic banking, money management and life skills to Los Angeles teenagers, newly literate adults, homeless young people, young women in need and teaching professionals. Stated Girls and Gangs executive director and CEO Dawn Brown, “Twenty percent of our girls are pregnant or parenting, 40 percent are victims of sex trafficking, 45 percent are involved in foster care, and 100 percent have been involved in the juvenile justice system or impacted by gang life and poverty. It is crucial that they acquire skills that will help them to break the cycle of abuse and poverty in their lives, and for future generations. The Jewish Community Foundation’s support will greatly impact the lives of over 300 girls in Los Angeles, ages 12 to 18, who are often ignored and forgotten.”

Zero To Three for Military Families Program Grant Purpose: Train 45 professionals who will then train other professionals, parents and caregivers on the impact of deployment and reintegration on young children.

Award: $20,000 ■ www.zerotothree.org

New Directions, Inc. for Operation Welcome Home Grant Purpose: Provide 50 Afghanistan and Iraq war veterans suffering from diseases such as Post Traumatic Stress Disorder (PTSD) or Traumatic Brain Injury (TBI) combined with substance abuse with services that include case management, legal assistance, job training, family reunification, housing assistance and therapeutic support.

Award: $20,000 ■ www.newdirectionsinc.org

Operation Gratitude for Wounded Warrior Care Package Program Grant Purpose: Assemble care packages for over 1,500 injured war veterans in all military branches.

Award: $20,000 ■ www.operationgratitude.com

The Soldiers Project for Adopt-A-College Grant Purpose: Provide 30 volunteer therapists with a series of 4 training workshops, 200 college faculty and administrators with in-service seminars and workshops, and 500 veterans with counseling and support groups to help them return to college.

Award: $20,000 ■ www.thesoldiersproject.org

United States Veterans Initiative for Outside the Wire Grant Purpose: Provide 20 veterans at community colleges and 100 service members at the Joint Forces Training Base who suffer from mental health related issues such as Post Traumatic Stress Disorder and depression with direct counseling and support.

Award: $20,000 ■ www.usvetsinc.org

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WELCOME NEW TRUSTEES

Introducing Our Newest Trustees We welcome the following four new trustees to our 2012 Board, each bringing experience in diverse areas and a proven dedication to charitable giving. We look forward to having these esteemed individuals join us as we continue to meet the needs of Los Angeles Jewish philanthropists and support meaningful initiatives.

Melanie Bialis Melanie Bialis is the founder and CEO of Boxcar Capital Management. She has over 14 years of experience in the hedge fund industry and over 10 years of experience as a portfolio manager, investing primarily in commodities futures and options. Prior to launching Boxcar Capital Management LLC, Ms. Bialis was a portfolio manager of managed accounts for family offices and high net worth individuals, and was an equities analyst for Oracle Partners, a hedge fund with assets under management of approximately $1 billion. Melanie has served as a delegate for the Women’s Forum For The Economy & Society, has worked actively in education with both Student Sponsor Partners and as a member of the Professional Circle of Communities in Schools, and is a member of the Milken Young Leaders Circle. Ms. Bialis received a B.A. in psychology from New York University.

Impressed by the diversity and depth of the board members’ experience, their dedication to The Foundation, and a shared philosophy of giving back, I felt inspired to become a more involved member of this community.” — Melanie Bialis

Lynn Bider Lynn Bider is the Sylvia Weisz Women’s Campaign Chair at the Jewish Federation of Los Angeles. She is the past president of Stephen S. Wise Temple and since 1998, she has served on the Board of Trustees and Executive Committee, and as officer in charge of their gala. Ms. Bider also serves on the Beit T’Shuvah Board of Directors and has served as an officer. Lynn received her bachelor’s degree in psychology from UCLA and her education degree from USC. She and her husband, Les, have been married for over 30 years, reside in Beverly Hills, and have two children and two grandchildren.

I have been particularly impressed with The Foundation’s staff, grantmaking and programs. I have served a prior term on the Board of Trustees and am excited to serve again. I hope to continue in its tradition of excellence.” — Lynn Bider

Lisa Greer Lisa Greer, an active philanthropist and volunteer, spent most of her career in executive leadership roles with both corporations and start-up businesses. She was the founder of Beverly Hills Egg Donation, which has helped people throughout the world become parents through the power of cutting-edge, assisted reproductive technology. Previously, Ms. Greer founded and served as managing partner of Media Venture Advisors, a management consulting and strategic advisory firm specializing in digital media and entertainment ventures. Previously, Lisa oversaw the development of the online and related business divisions at NBC, Universal Studios, and Spencer Gifts, as well as launched pioneering ventures into music webcasting. Lisa is a member of the Executive Board of Temple Emanuel of Beverly Hills, and has served as a board member of the LA District Attorney’s Crime Prevention Foundation and Digital Coast Roundtable, among others. Lisa and her husband, Joshua, recently endowed the first-ever chair in IBD Genetics at Cedars-Sinai Hospital, and they are active donors to many organizations. Lisa holds a bachelor’s degree from UCLA and an MBA from Pepperdine University. She lives in Beverly Hills with her husband and five children.

I have enjoyed working with The Foundation leadership to organize and manage my philanthropic activities and deepen my impact. I hope to build on these relationships, and look forward to exchanging insights as a member of the Board of Trustees.” — Lisa Greer

Peter Weil Peter Weil is managing partner of the law firm of Glaser Weil Fink Jacobs Howard Avchen & Shapiro LLP and a senior partner in the Business Department. Mr. Weil has held leadership positions in prominent civic organizations, including president of the City of Los Angeles Planning Commission, chairman of the City of Los Angeles Board of Zoning Appeals, and member of the City of Los Angeles Board of Airport Commissioners. Mr. Weil currently serves as vice chair of the Board of Trustees of the Skirball Cultural Center and is a former president of the Los Angeles Chapter of the American Jewish Committee.

I am eager to see first-hand how The Foundation makes a difference in our community and how I can contribute to The Foundation’s efforts.” — Peter Weil

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DESIGNING PHILANTHROPIC SOLUTIONS FOR YOU

Center for Designed Philanthropy Facilitates the Process of Establishing Endowments Amelia Xann, Vice President, Center for Designed Philanthropy.

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hen The Foundation created its Center for Designed Philanthropy last year, it brought structure to the variety of innovative services previously offered to donors on a less-formalized basis. For those donors wishing to create an endowment, the Center is prepared to help facilitate the process.

As vice president of the Center for Designed Philanthropy, Amelia Xann has said that establishing an endowment brings clarity and focus to an individual’s or a family’s philanthropic endeavors. According to Xann, this process can happen speedily or may evolve over a period of months or even years.

Working closely with Foundation donors—such as Harry and Belle Krupnick, featured on the opposite page—the Center helped them create an enduring legacy that reflects who they are, and ultimately

results in greater personal satisfaction. The Center’s professional staff assists donors in delving into their personal areas of interest and learning about relevant funding opportunities, whether in the arts, healthcare, social services or other areas. Frequently, they facilitate meetings of multiple family members to address intergenerational issues related to giving. In addition, on-site visits to vetted nonprofits are often arranged so donors can meet personnel and see first-hand how organizations operate.

If designing or just exploring an endowment is in your future, consider contacting The Foundation for a consultation with the Center for Designed Philanthropy.

While many assume that endowments are solely for the super-wealthy, a surprisingly high number are created by caring individuals and families who simply want to do their part to make the world a better place.

THE DEVELOPMENT PERSPECTIVE

Considering Whether an Endowment Fund Is Right for You

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or philanthropists contemplating how to best establish a permanent legacy that will have lasting impact beyond their lifetimes, endowments represent a powerful option. Here’s a snapshot of how they are structured: An endowed fund reflects the bequest of a sum of money by a donor for specific charitable purposes or to support designated institutions. The principal of the endowment remains intact in perpetuity, while its earnings from investment returns are routinely distributed in support of worthy earmarked nonprofit programs and institutions.

The Foundation’s development professionals are available to explain the mechanics and advantages of its various funds, working alongside donors and their professional advisors to best meet philanthropic, financial and estate planning goals.

Among these specifics, endowments held and managed by The Foundation can be either restricted or unrestricted. Restricted means that a donor limits the endowment gift to specific causes or an area of interest. An unrestricted endowment allows the gift to go to The Foundation’s Permanent Legacy Fund that becomes part of a large pool used to fund ongoing grants to both the Jewish and the general community.

Endowment funds last many years beyond a donor’s lifetime to provide ongoing community support.”

— Dan Rothblatt, Senior Vice President, Philanthropic Services

(L-R) Dan Rothblatt, Senior Vice President, Philanthropic Services; Baruch S. Littman, Vice President, Development; and Elliot B. Kristal, Vice President, Charitable Gift Planning. ▲

Unrestricted gifts are key resources for the community, as these funds continue to provide support no matter how needs evolve in the future.

When the gift is unrestricted, The Foundation can use its expertise to select and fund nonprofit organizations that will deliver the greatest impact, especially those within The Foundation’s priority areas.

Whatever type of endowment fund at The Foundation a donor ultimately chooses, the benefits are multifold. “Endowment funds last many years beyond a donor’s lifetime to provide ongoing community support,” explains Dan Rothblatt, The Foundation’s senior vice president of philanthropic services.“Additionally, The Foundation ensures that the full philanthropic intentions of endowment donors are realized—now and into the future. Furthermore, our strong, stable base of managed charitable assets—currently $732 million—and our investment acumen make The Foundation trusted stewards of innumerable legacies.”

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LEAVING A LEGACY

Endowment Reflects Philanthropic Passions of Namesake Donors Donor Profile: Harry & Belle Krupnick

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ost aspiring TV and film production students at Los Angeles Valley College’s Krupnick Media Arts Center have probably never heard of the facility’s eponymous benefactors, the late philanthropists Harry and Belle Krupnick. Yet they gain invaluable real-world skills there. “The new TV broadcast studio, in contrast to the old studio setup, is equivalent to the transition from a bicycle to your first car,” said broadcasting student and assistant Nathan Martin. “The new studio is industry-standard and a magnificent learning tool.”

The named gift to Valley College—the most recent of several notable arts-specific grants—is in keeping with the mission and areasof-interest focus of the Harry and Belle Krupnick Endowment Fund established in their memories at The Foundation.

Since 2002, in addition to the Media Arts Center, the Krupnick Endowment Fund has provided grants to help underwrite the awardwinning PBS miniseries, The Jewish Americans, and Zeitgeist, an acclaimed international Jewish arts festival at the Skirball Cultural Center. The 2003 festival, the first of its kind in the United States, featured contemporary music, theater, dance, lectures and film by talented and courageous performers from across Europe.

Both Krupnicks, Harry and Belle, were deeply devoted to supporting L.A. Valley College, their local community, Jewish heritage, education and the arts. They moved to Los Angeles in 1952 and operated a highly successful brokerage and property-management firm in the San Fernando Valley. The couple became immersed in nurturing and developing their community. They worked closely with staff of The Foundation to establish their endowment. By the time of Harry’s death in 1999, he had already contributed more than $1 million to support the arts and education for individuals, ranging from teenagers to seniors.

“They loved music and wanted others to experience the great joy they received from the performing arts,” remembers Edith Roselinsky, Harry Krupnick’s cousin and trustee of his estate, explaining how the grant to create Zeitgeist, in particular, directly reflected the couple’s lifelong passions.

“After they passed away, our family fulfilled their wish to create a permanent endowment fund in their name at The Foundation. While they never had children, they shared a passion for helping young people grow and learn, supporting scholarships and training programs. We feel confident that Harry and Belle’s amazing legacy will be carried forward through the Krupnick Endowment Fund. The process is dynamic and very exciting— just the way they would have liked it.”

As additional funding opportunities arise, The Foundation will continue to make grants from the Krupnick Endowment Fund in the couple’s designated fields of interest.

The Krupnicks’ support has made possible numerous programs in arts and education including (L to R) Skirball Cultural Center’s very popular Zeitgist: The Harry and Belle Krupnick International Jewish Arts Festival; the Krupnick Media Arts Center at Los Angeles Valley College; and “The Jewish Americans” television series produced by the Jewish Television Network that aired nationally on PBS.

▲ Harry and Belle Krupnick, of blessed memory,

established an endowment to support arts and education in the community.

We feel confident that Harry and Belle’s amazing legacy will be carried forward through the Krupnick Endowment Fund. The process is dynamic and very exciting—just the way they would have liked it.”

— Edith Roselinsky, Harry Krupnick’s cousin and trustee of his estate

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PA I D LOS ANGELES, CA PERMIT NO. 1805

6505 Wilshire Boulevard, Suite 1200 Los Angeles, CA 90048

IN THIS ISSUE ▲

– Endowing the Future – General Community Grants – Welcome New Trustees – Designing Your Philanthropy

8 From the Desk of Marvin I. Schotland Continued from page 1

Learn how designed philanthropy can make your giving more meaningful and more impactful. www.jewishfoundationla.org/center

VOLUME 22 NO. 1 SPRING 2012

Chair

Lorin M. Fife President and CEO

Marvin I. Schotland

e g a c y

Vice Presidents

Kenneth A. August Leah M. Bishop Anthony Chanin Max Factor, III William R. Feiler Bertrand I. Ginsberg Harold J. Masor Scott H. Richland Alan Stern Senior Vice President, Philanthropic Services

Dan Rothblatt CFO/Senior Vice President, Finance & Administration

Michael J. Januzik

TEL.

(323) 761-8700 (323) 761-8720 TOLL-FREE (877) ENDOW-NOW (877-363-6966) www.jewishfoundationla.org FAX

Please send your comments and suggestions to the editor.

Editor: Lewis Groner Managing Editor: Bonnie Samotin Zev Design: Maxine Mueller

Vice President, Charitable Gift Planning

Elliot B. Kristal Vice President, Development

Baruch S. Littman

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endowments’ grants—it is tacitly reinforcing and carrying on what was important in the creators’ lives and how they chose to be remembered. In establishing something permanent to leave to the community, these generous benefactors continue to make an indelible imprint on the same institutions and initiatives that were important in their lifetimes. Such was the case with Doris Factor, whose eponymous endowment sustains causes she vigorously worked for and supported in her lifetime, and continues to engage her family’s sustained participation.

The heirs of Harry and Belle Krupnick, on the other hand, viewed The Foundation as a perfect solution for honoring the late couple’s devotion to the arts and stoking those same passions in youth through education initiatives. The Foundation has, in effect, become the “eyes, ears, heart and soul” for the Krupnicks’ philanthropic intentions. What a dynamic legacy it has already become, with grants from their endowment providing cornerstone funding for programs ranging from an arts festival at the Skirball Cultural Center to an acclaimed PBS miniseries to the media center named in Harry and Belle’s honor at Los Angeles Valley College.

The Krupnicks had very specific intentions on how their philanthropy would continue to positively support the community.

By contrast, another couple, Werner and Ellen Lange, placed implicit faith in The Foundation to serve as stewards for their legacy, now embodied in an endowed fund named for them. The Werner and Ellen Lange Endowment Fund distributes between $500,000 and $750,000 annually to seed promising Jewish causes locally and provide support for programs in Israel. The self-made Langes, who lived humbly while building together a prosperous optical-equipment enterprise, would surely take immense pride in their endowment’s impact. It reflects who they were—compassionate and generous individuals wanting to make a difference—in a meaningful ongoing way.

What more important testament can someone leave? How much more inspiring a way to be remembered? What greater means for sustaining the causes you embrace in life? These are legacies that will indeed continue to burn brightly for many, many years to come.

Vice President, Center for Designed Philanthropy

Amelia Xann Secretary

Legacy is published to provide news and information about The Foundation to donors and friends.

Selwyn Gerber Treasurer

Lawrence Rauch

© 2012 Jewish Community Foundation.

No portion of this publication may be reproduced or used without permission.

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