Legacy Newsletter - Winter 2011

VOL. 21 NO. 3

egacy

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

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Newly Created Foundation Center to Assist Donors In Custom-Designing Their Own Philanthropic Programs

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ho among us has not marveled at the beauty and functionality of the Taj Mahal, the Sistine Chapel, or even our own Walt Disney Concert Hall?

Inspired design is timeless—it meets a need elegantly and effectively. The same can be said of designed philanthropy.

In its mission to effect positive change now and for generations to come, The Foundation has created the Center for Designed Philanthropy (the Center), a new entity that provides personal guidance and creative solutions for donors seeking strategies that will magnify the impact of their giving, whether it be a one-time gift or a long term plan to create a family legacy.

“Philanthropic endeavors that result in positive change over the long term don’t just happen, they are planned,” said Foundation president and CEO Marvin I. Schotland. “With that in mind, The Foundation has established the Center for Designed Philanthropy. The Center gives form and structure to many innovative services we have introduced and offered our donors over the years.”

Exactly what does “designed philanthropy” entail?

Center vice president Amelia Xann said she and her team aim to work in partnership with donors to help them hand-tailor their own philanthropic plans.

“We’re here to help funders assess and address their own needs. We consider, for instance, if a donor could benefit from help with intergenerational issues, or in identifying interest areas where they can focus and strategically engage in their own charitable works, with the ultimate goal of making a positive impact on the Los Angeles community and in Israel.

“Most importantly, we want to help our clients draw a blueprint for building a lasting legacy that reflects who

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The Center is well positioned to provide insight into community needs, resources and a myriad of giving opportunities.”

— Amelia Xann, Vice President, Center for Designed Philanthropy

LEAVING A LEGACY: SYDNEY & CONSTANCE DUNITZ

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The Foundation Launches Center for Designed Philanthropy

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2011 ISRAEL GRANT RECIPIENTS

WINTER 2011

The Center for Designed Philanthropy works with L.A. philanthropists to provide guidance and solutions to meet their philanthropic goals.

A Glance At What’s Inside:

NEW CENTER FOR DESIGNED PHILANTHROPY

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they are, and help ensure greater satisfaction in their philanthropic efforts. We want to partner with our donors and their families to enable their philanthropy to take root and flourish.

“With The Foundation’s solid reputation and nearly 60 years of experience,” she added, “the Center is well positioned to provide insight into community needs, resources and a myriad of giving opportunities. We can enable donor introductions and on-site visits to a wide variety of nonprofits that have been carefully vetted Continued on page 2

FROM THE DESK OF

Marvin I. Schotland PRESIDENT & CEO, JEWISH COMMUNITY FOUNDATION

Consciously and unconsciously, design informs and influences our lives on a daily basis. As Angelenos, we take for granted that much of the world receives its cues from our vibrant architecture, art and fashion, to name just a few areas where form and function intercept.

Given design’s pervasiveness, those of us at The Foundation began pondering the question: how do the concepts of crafting, forming and melding impact and shape philanthropic legacy? Those very concepts provide the cornerstones of our new Center for Designed Philanthropy, created by The Foundation to provide collaborative guidance and creative solutions to donors. The accompanying article provides an overview of the Center’s services to imagine and realize the full promise of your philanthropic endeavors.

Over 20-plus years leading The Foundation, among the most gratifying parts of my job remains observing the satisfaction and meaning donors—and their families—derive by molding their philanthropy in ways which are deeply significant to them.

Through the Center, we build upon and bring structure to a number of services offered on a less formal basis through the years.The Center provides opportunities to craft the architecture for philanthropic Continued on back page

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CENTER FOR DESIGNED PHILANTHROPY

A group of donors had an opportunity to see first-hand how arts education programs can make a difference in the classroom, at a site visit facilitated by the Center for Designed Philanthropy. ▲

for their organizational effectiveness, quality of their services, and relationship to the communities they serve.

“In addition, in the coming year we’ll be encouraging donors to conduct salons in their own homes, so that they can share their experiences and learn from each other. We hope that salon hosts will select the topics that most interest them and invite their friends and family to participate in these stimulating discussions.

“The Center leverages The Foundation’s years of experience by sharing our expertise with donors who wish to become more actively involved in philanthropy. We are here to help individuals and families craft and implement a giving plan that will fulfill their philanthropic goals,” she concluded.

Perhaps the best way to underscore the Center’s capabilities is by citing some specific examples of philanthropists with whom we have worked in the past to design tailored solutions for their giving needs.

Intergenerational Concerns

One area in which the Center helps donors focus and work through is related to intergenerational issues. Longtime Foundation donors Jack (of blessed memory) and Rachel Gindi, for example, are a case in point. “When it comes to philanthropy, we encourage our children to be independent,” Rachel said. “We hope that rather than just faithfully executing our wishes, they’ll make their own philanthropic decisions.

The Foundation has been instrumental in helping our children take on their philanthropic responsibility by showing them how to work together effectively.

“We earmarked funds for a charitable project to be conceived, created and agreed upon by our four children and their spouses. The Foundation helped them join together, despite their different styles and philanthropic interests, to launch a new counseling program for at-risk youth in several Orthodox Jewish high schools. The impact was so great that the pilot high schools as well as additional schools recognized the problem and assumed responsibility for the program’s ongoing support.

Our children have developed a wonderful sense of satisfaction from working together for a worthwhile charitable cause,” Rachel concluded.

The Gindi family involved their children and grandchildren in the family’s support of counseling programs helping at-risk youth in Orthodox Jewish high schools. ▲

Longtime Foundation donors Mindy and Gene Stein, along with their three children, are actively working with the Center for Designed Philanthropy to help shape their giving.

Involving Children Early

Investment manager Gene Stein and his wife Mindy, a tireless volunteer in the area of child development and family welfare, wanted to involve their three children in the philanthropic process. They also wanted to establish a framework for thoughtful, planned family giving.

Several years ago they created a Family Support Organization called the Tikun Olam Foundation. As their children have grown from teenagers into young adults, identifying community needs and working with The Foundation to respond to them has become a family affair.

“We established a Family Support Organization at The Foundation to take advantage of the many resources that would be available to us: the administrative and grantmaking assistance, the professional financial advice, the legal guidance, and the community networking,” they said.

“Working with The Foundation has been cost-effective and enjoyable for us. Its experienced staff has helped our family learn the value and techniques of responsible philanthropy, and alerts us to innovative funding opportunities in both the Jewish community and the community at large.

“With our Family Support Organization and its board of directors, which includes non-family community leaders, we have made more informed decisions and support our causes with confidence.”

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Philanthropic endeavors that result in positive change over the long term don’t just happen, they are planned...the Center gives form and structure to many innovative services we have introduced and offered our donors over the years.”

— Marvin I. Schotland, Foundation President & CEO

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CENTER FOR DESIGNED PHILANTHROPY

By researching organizations and initiatives—and also bringing new opportunities to my attention— The Foundation helps me invest my philanthropic dollars with confidence and enables me to engage my children more effectively in causes they are passionate about.”

— Marilyn Ziering

The Ziering Family Foundation, a family support organization of the Jewish Community Foundation, was established by Marilyn and the late Sigi Ziering to help fulfill the Ziering family’s philanthropic goals and to support causes close to their hearts. (L-R) Ira, Rosanne, Amy and Michael Ziering with their mother, Marilyn (seated). ▲ Family Commitment to a Cause

The Foundation has also provided philanthropic guidance over the years to the Ziering Family Foundation, a family support organization established by longtime donors Sigi Ziering (of blessed memory) and his wife Marilyn, and involving their four adult children. So inspired were the Zierings by Robert Kennedy Jr. and his involvement in the Natural Resources Defense Council (NRDC) that, early this year, they hosted a Center event with Kennedy as the keynote speaker.

As a result of the enthusiastic response to the event, the Zierings established a 1:1 challenge grant of $250,000 for NRDC to support its human health, environmental justice, sustainable communities and ocean protection work. Through this grant, which has been fully matched, the family hopes to motivate others to support the organization in its vital role as a leader in environmental protection here and around the world.

Doris Factor cut the ribbon at the dedication of the Louis and Doris Factor Health Science Building at UCLA in 1983. Doris and Louis Factor, both of blessed memory, were generous supporters of numerous Los Angeles institutions and organizations. ▲

Reflecting Upon a Charitable Legacy

Philanthropist Doris Factor, of blessed memory, devoted much of her adult life to tirelessly supporting organizations about which she, her late husband Louis, and their family cared deeply. The Factor name is inextricably associated with numerous Los Angeles institutions and causes: Cedars-Sinai Medical Center, UCLA and the Jewish Home for the Aging, to name just a few.

In a multi-generational family like ours, with a wide range of charitable interests, The Foundation is an ideal partner to assist us in focusing our philanthropy and enhancing the impact of our giving.”

— Sharon Glaser, daughter of the late Doris Factor

www.jewishfoundationla.org

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Learn how designed philanthropy can make your giving more meaningful and more impactful.

A daughter-in-law of cosmetics mogul Max Factor, mother of three, grandmother of six and great grandmother to 13, Doris was an exemplar, volunteering across the community during her lifetime with the same dedication and commitment she provided financial support.

Nearly a decade before her passing in 2004, contemplating her life and legacy, Doris engaged in a series of conversations with The Foundation that resulted in the establishment of the Doris Factor Endowment Fund upon her passing.

The multi-million-dollar Doris Factor Endowment Fund provides a perpetual source of funding for many of the same organizations to which Doris passionately devoted her energies and generosity, ranging from hospitals and medical research to the arts (she was a founder of both the Los Angeles County Art Museum and Music Center) to elder care. In creating the endowment, Doris was ensuring that the programs and institutions—across the Jewish and general communities— would benefit from her support in an enduring way.

Doris’s daughter Sharon Glaser remarked at the time the Doris Factor Endowment Fund was established: “In a multi-generational family like ours, with a wide range of charitable interests, The Foundation is an ideal partner to assist us in focusing our philanthropy and enhancing the impact of our giving. The creation of a pool of permanent resources for the Jewish community ensures giving will continue l’dor v’dor—from generation to generation.”

While the preceding donor stories represent just a handful of real-life examples of designed philanthropy, The Foundation anticipates that many current and potential donors will take advantage of the more formalized approach to charitable giving offered by the Center in the coming years.

For more information about designed philanthropy, please contact Amelia Xann, Vice President, Center for Designed Philanthropy, at (323) 761-8705, thecenter@jewishfoundationla.org or visit www.jewishfoundationla.org/center.

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2 0 1 1 I S R A E L G R A N T R E C I P I E N T S AT A G L A N C E

Supporting Jewish Identity and Economic Development in Israel The Foundation Awards $1 Million in Grants to Programs in Israel

Programs that will receive 2011 Israel Grants from The Foundation range from an internship program to help young university students find jobs in Jerusalem; to a program offering business training and microloan assistance to women; to a program teaching business entrepreneurship and Jewish identity in the Negev.

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ince 2006, The Foundation has awarded more than $4 million to organizations in Israel through grants of up to $250,000 over a three-year period. The Foundation has been focusing its funding in Israel on organizations that strengthen Jewish identity and continuity, and programs that support economic development and self-sufficiency, including job creation and career training. The most recent Israel Grant recipients include:

FOCUSING ON JEWISH IDENTITY

Ayalim Association, for Workshops on Jewish Identity and Entrepreneurship $250,000 over three years to teach business entrepreneurship and Beit Midrash workshops to help Jewish students embrace their Jewish identity, launch a business venture and gain employment in the Negev. www.ayalim.org.il/en/

Ayalim Association aims to strengthen the values of Zionism, Jewish identity and entrepreneurship. It runs 11 entrepreneur villages that house 600 students and provides them with incentives to settle in these areas.

This program will provide Ayalim participants with workshops on business entrepreneurship and Jewish identity to help students embrace their Jewish identity, launch a business venture and gain employment in the Negev.

Said Ayalim Association co-founder Dany Gliksberg, “The Foundation grant will enable us to provide tools to encourage our students to incorporate Jewish values in their everyday lives. We will also be able to more effectively promote the advancement of young entrepreneurs and enterprises in the Negev and ultimately, a stronger national economy.”

Also a supporter of Ayalim Association and committed to its success is The Jewish Federation of Greater Los Angeles. Stated Federation president and CEO Jay Sanderson, “In a powerful way, Ayalim is mobilizing young Israeli pioneering Zionists to develop and strengthen the Negev and the State of Israel. This important grant from The Foundation will help them do their work more effectively and with even deeper roots in Jewish values.”

Beit Morasha of Jerusalem, for Recreation and Education Program $220,000 over two years to train IDF combat officers to engage their soldiers in explorations of Jewish values and identity. www.bmj.org.il

Beit Morasha cultivates committed intellectual leaders and decisionmakers and provides them with the skills to inspire Jewish and Zionist identity, champion an inclusive vision of Judaism, and bolster the strength and solidarity of the Jewish people. This program provides 40 four-day training seminars in partnership with the Israeli Defense Force. A Beit Morasha facilitator introduces battalion officers and commanders to Beit Midrash materials and outdoor education techniques, which the commanders then use with their soldiers. “Beit Morasha is committed to advancing a vibrant and inclusive vision of Judaism, and to cultivating relevant and inspiring leadership for Israel and the Jewish world,” stated Paul Wimpfheimer, vice president of Beit Morasha.

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FOCUSING ON ECONOMIC DEVELOPMENT AND SELF- SUFFICIENCY

New Spirit (Ruach Hadasha), for The Internship Project $195,000 over three years to provide more than 2,000 university students with practical work experience that will enable them to more easily enter the job market and find jobs in Jerusalem. www.new-spirit.org.il

New Spirit (Ruach Hadasha) was established to increase students’ connection to Jerusalem, to reverse trends of negative migration of the young adult population, and to keep Jerusalem vibrant and prosperous.

New Spirit CEO Elisheva Mazya explained, “In Jerusalem, we are suffering from the problem of centralization of jobs in the center of Israel and the migration of Jerusalem residents to Tel-Aviv. By investing in young minds in Jerusalem we are building the future of the city, and trying to establish a strong economic center.” Students will be trained in such fields as governance; economics and business; hi-tech; architecture and design; biomedical industry; and tourism.

Supportive Community/Shurush, for Joint Arab-Jewish Business Development Program $120,000 over three years to provide Jewish and Israeli Arab women with business training and small loans to develop home-based businesses, move their families out of poverty, and help strengthen Israel’s economy. www.svivatomehet.org.il

Supportive Community (Sviva Tomehet), was established to help women achieve economic independence and social and personal development. Foundation funding will help provide 160 Jewish and Israeli Arab women with two 10-week training sessions per year in basic business skills and business plan development, as well as assistance with microloan applications and guidance from banks. “By providing business training and small loans to joint groups of Jewish and Arab women, our program is a cost-effective mechanism to foster dialogue and co-existence while also creating jobs that pull families out of poverty and strengthen Israel’s economy,” stated Lena Gurary, executive director of Supportive Community.

OR Movement, for Economic Growth—Creating and Presenting New Opportunities $215,000 over three years to create and map thousands of jobs in the Negev and Galilee communities in order to foster economic growth in these regions. www.ormovement.org

The OR Movement aims to develop and populate the Negev and Galilee regions. This program will promote approximately 13,500 job opportunities in these regions. It also plans to activate and facilitate new Negev growth and development initiatives and create relocation incentives for companies in order to foster sustainable economic growth.

Stated Roni Flamer, co-founder & CEO of the OR Movement, “The Foundation’s grant will not only help this innovative program, it will also help change the image of the Negev in the eyes of Israelis and people everywhere.”

Israel’s robust economy demands skilled human capital to sustain its fast-paced development. We are delighted to support groundbreaking programs with the potential to drive continued growth and train the next generation of business leaders.”

— Marvin I. Schotland, Foundation President & CEO

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DESIGNING PHILANTHROPIC SOLUTIONS FOR YOU

Preparing For 2011 Year-end Planning Things to Consider When Meeting with Your Advisor

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s with all tax and estate planning strategies, it is essential that you engage a professional advisor before taking final action. In order to help you prepare for year-end discussions with your professional advisors, we’d like to share some topics worth considering.

As 2011 comes to a close, and with the global economic situation continually unstable, financial planning can seem more challenging than ever. The ups and downs of the stock market coupled with the political bickering in Washington have done little to put our minds at rest.

Alongside this uncertainty, however, opportunities for income and estate tax planning are still varied and should be explored for their full potential and benefit. Tax and interest rates are lower than they have been in a very long time prompting us to encourage analysis of your overall financial picture and to consider some strategies that may help you maximize your opportunities.

One of the most effective planning strategies to consider at year’s end is accelerating charitable contributions. Doing so can both reduce your tax liability while getting needed dollars to charitable organizations sooner. Please remember that all transactions must be dated and postmarked

by December 31, 2011 to qualify.

This could be the time to consider replacing your annual gifts with a substantial donation to a donor advised fund (the minimum amount with which you can establish a donor advised fund at The Foundation is $10,000) which would allow you to recommend annual grants to the organizations you wish to support. Planned giving alternatives such as charitable remainder trusts and charitable gift annuities are also good choices. There are a few giving strategies that take advantage of the low interest rates right now. A charitable lead trust is a planning vehicle in which the trust pays income to a charity for a period of years or lifetimes and can be an attractive way to provide a current charitable gift as well as transfer property to family members with minimal federal transfer taxes. Grantor retained annuity trusts (GRAT) allow you to transfer appreciating assets to others and retain an annuity for a minimum number of years. Properly structured, the GRAT lets you move the future appreciation of an asset to another person free of gift tax.

You may wish to utilize the IRA Charitable Rollover. Many people who are over age 70 ½ have used this giving technique to transfer funds from their retirement accounts directly to the charitable institutions of their choice. The IRA Charitable Rollover is available only through the end of 2011 and allows direct rollovers from IRA accounts of up to $100,000 to qualified non-profit organizations. The distributions are not included in the donor’s income, Capitalizing on 2010 Tax but will count toward the required Code Changes annual minimum distribution. This One of the areas that may can be especially attractive if you affect your charitable giving have assets in your IRA account for this year is the 2010 tax that you plan on donating to a legislation changes. During charity in the future, are interested 2010, a number of key tax in making a large one-time gift or provisions were maintained, do not claim other deductions. The while others were reinstated only caveat is that qualified IRA or revised. These changes rollover contributions cannot be could provide more possibility made to donor advised funds, (L-R) Dan Rothblatt, Senior Vice President, Philanthropic Services; for tax-free gifts than in support organizations or private Baruch S. Littman,Vice President, Development; and Elliot B. Kristal, the past. When you are foundations. ▲ Vice President, Charitable Gift Planning. considering your intentions, Here at The Foundation, we keep these in mind: can help you explore and choose gift giving strategies that work best ■ The income tax rates with a top rate of 35 percent, long-term for your and your family’s specific needs. We welcome the opportunity capital gains tax rates of 15% (unless it is gained from the sale of to work with you and your tax advisor to maximize the benefits of these collectibles, which are taxed at 28%) and a top tax rate of 15% on and other tax planning strategies. dividend income, have all stayed the same.

If you have any questions, or would like more information on these charitable giving strategies, please feel free to contact us at ■ The federal estate and gift tax has returned with a new exclusion (323) 761-8704. amount of $5 million and a lower top rate of 35 percent.

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The new estate tax regime includes portability of the unused spousal exclusion amount which may reduce estate tax liability.

There’s much more information about charitable planned giving techniques on our website. Visit www.jewishfoundationla.org.

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The unified estate and gift tax credit has been reinstated.

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The annual gift tax exclusion remains at $13,000 per recipient, or $26,000 if both spouses consent to the gift.

Please be advised that the information in this article is not legal advice, nor financial advice. Of course, you should seek the advice of your professional advisor on all such matters.

Prepare for the future with our Estate Planning Workbook.

Complimentary copies available!

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One way to amplify your giving during this tax year is to compile multiple years’ worth of giving into 2011.

This can only be up to an amount that is deductible under the contribution deduction ceilings. For now, this amounts to 50 percent of adjusted gross income for gifts of cash to a public charity, or 30 percent of adjusted gross income for long-term capital gain property. Gifts of appreciated property that would produce long-term capital gains directly to a charity generally provide a bigger tax savings than selling the asset. It is important to remember that the reverse is often true for gifts of loss property.

Go to www.jewishfoundationla.org to download your copy from your homepage, or call us at (323) 761-8704.

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LEAVING A LEGACY

Their Home Became a Gift to the Community Donor Profile: Sydney & Constance Dunitz

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ecently, The Foundation received $2.4 million in proceeds from the sale of the Beverly Hills residence of Sydney and Constance Dunitz to support a variety of organizations that reflect the couple’s deep commitment to education, medicine and the Jewish community.

The Dunitzes donated a remainder interest in their real property residence to The Foundation in 1993, retaining a life interest estate in their home during their lifetimes, and as long as they resided in the residence. Sydney Dunitz passed away in 1997, and Constance Dunitz now lives in Boston, near her daughter, Barbara Miller.

The Early Days:

Sydney was born in Detroit and Constance was born in Manhattan.

They met when Sydney was studying law at Harvard, and they married in 1941. Sydney served as a Naval Officer during World War II. “At one point, Sydney was transferred to the Pacific,” recalled Constance.

“I took a three-day train ride across the country to see him.” The couple lived in Northern California and after he completed his Navy service, they moved to Los Angeles. Constance, who loves fashion, worked at Magnin Department Store in the early years of their marriage.

Family, Occupation and Community:

Sydney established a successful law practice focusing on real estate, trusts and estate planning. Constance volunteered in the Pediatrics Department of UCLA Medical Center for 37 years. “She was an epic volunteer,” recalls their cousin, Mike Dunitz, a Los Angeles real estate broker. “She probably clocked more hours of volunteer work there than anyone in history.” The couple were active members of Stephen S. Wise Temple, where Sydney served as president from 1969 to 1971. Sydney and Constance had three daughters, five grandchildren and three great grandchildren.

▲ Sydney, of blessed memory, and Constance Dunitz.

My parents wanted to support Jewish causes, because they felt very connected to the Jewish community. They were also deeply committed to education and medical research.”

— Barbara Miller, daughter of Sydney and Constance Dunitz

Philanthropic Interests:

The Dunitzes designated 50 percent of the proceeds from the remainder interest in their residence to three organizations: John Wayne Cancer Institute, Stephen S. Wise Temple and Harvard Law School. The balance was designated for an endowment fund at The Foundation to perpetually support nine organizations: The Nature Conservancy, City of Hope, Hebrew Union College, Vista Del Mar, Michigan B’nai Brith, Foundation for the Junior Blind, Anti-Defamation League, the United Jewish Fund and the Jewish Community Foundation.

What did they want their legacy to be?

“My parents wanted to support Jewish causes, because they felt very connected to the Jewish community,” says their daughter Barbara Miller. “They were also deeply committed to education and medical research. When making the gift, my parents asked my sisters and me to choose our favorite charities to be included in the endowment. We chose The Nature Conservancy, and the Anti-Defamation League.”

“My father always wanted to give back to the organizations that benefitted him,” explains Barbara. “He was very happy being a lawyer, and he valued the institutions that made that possible, including Harvard Law School and the University of Michigan, where he did his undergraduate work.

“When he was diagnosed with colon cancer in 1987, he went through cancer treatment at the John Wayne Cancer Institute. He felt his doctors were excellent, and he wanted to give back to them as well. So the three organizations that received 50 percent of the sales proceeds each had a direct connection to his life.”

When the Dunitzes decided to gift a remainder interest in their residence to The Foundation, they took an income tax deduction at the time of the gift and kept the right to reside there until the survivor of them passed away.

When Mrs. Dunitz decided to move near her daughter, the family wished to sell the residence. The Foundation’s cooperation enabled this, and also permitted Mrs. Dunitz to receive her actuarial share of the sales proceeds to help offset the cost of her move and her care. Working with The Foundation is easy, and The Foundation can assist estate planning lawyers and other professionals in accomplishing their clients’ goals. The Foundation’s staff is very responsive and willing to go the extra mile.

Reflections on the Dunitzes:

While the Dunitzes gave much to charity, they were modest about their giving. “Sydney was not at all materialistic. He was easygoing and got along with everyone,” shared Mike Dunitz about his cousin.

“As a matter of fact, during his memorial service at Stephen S. Wise Temple, two antlered deer appeared outside a window. It felt like a sign of respect in memory of this selfless man.”

— Andrew Katzenstein, Attorney, Proskauer Rose LLP

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Andrew Katzenstein has had a productive working relationship with The Foundation for 25 years. He is a presenter at The Foundation’s Speaker Series for Professional Advisors, a series of educational programs on tax, estate and charitable gift planning issues. He recently presented on the topic, “How to Fix and Estate Plan Gone Bad” in the Los Angeles and San Fernando Valley event locations.

NONPROFIT ORGANIZATION US POSTAGE

PA I D LOS ANGELES, CA PERMIT NO. 1805

6505 Wilshire Boulevard, Suite 1200 Los Angeles, CA 90048

IN THIS ISSUE ▲

– Announcing the Center for Designed Philanthropy – $1 Million Awarded to 2011 Israel Grant Recipients – Year-end Tax Planning Strategies to Consider – The Dunitzes’ Perpetual Philanthropic Support

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

With our warmest wishes for a beautiful Festival of Lights.

Happy Chanukah!

VOLUME 21 NO. 3 WINTER 2011

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 Vice President, Charitable Gift Planning

Elliot B. Kristal Vice President, Development

Baruch S. Littman

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legacy in a manner that stresses both continuity and progression. We understand that the arc of each donor’s charitable pursuits, along with the underlying motivations, changes at respective stages of life.

Consequently, Center-donor collaborations are customized and hand-tailored to address these timely, relevant needs. Instead of merely turning out a plan, the Center facilitates a participatory process of designing together—give-and-take engagement, if you will—so that donors draft the blueprints for their philanthropic futures, whether they are focused on the long-term or the short-term.

Collaboration often means serving as an insightful voice on intergenerational issues common to family philanthropy. Since charitable passions of parents and grandparents frequently differ from the ambitions of offspring, the Center will deliver resources and skillsbuilding for strategically engaging and linking multiple generations.

Some examples of this—as you’ll read in the lead story—describe the Center’s collaborative work with different generations of several families. As we’ve learned through extensive experience over the years, shared understanding, respect and effective communication are fundamental to family philanthropy that stands the test of time.

Partnership and collaboration may begin with Center staff but don’t end there.We intend to facilitate new opportunities for the exchange of ideas between like-minded funders through dialogue and discussion where interplay can enhance efficacy in charitable pursuits, so that ultimately, our donors can magnify the impact of their giving.

We share a sense of enthusiasm and excitement about the Center.

It represents a fresh new beginning, coupled with an unwavering commitment to meeting our donors’ far-reaching needs and diverse areas of interest. The Center offers the opportunity for our donors to craft their own philanthropic narrative and shape a legacy reflecting their core values.

During coming weeks and months, you will undoubtedly hear and read more about this new enhancement to The Foundation. We encourage you to contact us at any time to take full advantage of the Center’s breadth of expertise and resources. Let us assist in unlocking and imagining the full promise of your charitable ambitions. Let’s see what we can design together for the greater benefit of our community!

Vice President, Center for Designed Philanthropy

Amelia Xann Secretary

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: Graphic Orb; Maxine Mueller Contributing Writers: Susan Baker Janet Sanders Legacy is published to provide news and information about The Foundation to donors and friends.

Selwyn Gerber Treasurer

Lawrence Rauch

© 2011 Jewish Community Foundation.

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

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