create_a_jewish_legacy_logoWhat is the B’nai Torah Foundation (the “Foundation”)?
The purpose of the Foundation is to support B’nai Torah Congregation of Boca Raton, Inc. The B’nai Torah Foundation was established on August 12, 1991 as a tax-exempt organization under Section 501(c) (3) of the Internal Revenue Code. Donor contributions are tax-deductible in the manner and to the extent provided in Section 170 of the Internal Revenue Code.

Who manages the B’nai Torah Foundation?
The President of B’nai Torah Congregation appoints a President and a Board of Directors annually to manage the affairs of the Foundation. There are not less than three or more than ten Foundation Board Members, plus the Immediate Past President of the Foundation. Board tenure is either one or two years. The President of the Foundation sits on the Board of B’nai Torah Congregation.

What are B’nai Torah Foundation Endowment Funds and what are their assets?
The Foundation includes different Endowment Funds that have been established by past and present members of our congregation. Income from these Endowment Funds are used to finance scholarships and operating expenses of our Synagogue. The Foundation serves as the investment vehicle for all of the individual B’nai Torah Foundation Endowment Funds.

tzedakahbrochure_image_groupWhere are the assets of the B’nai Torah Foundation held? How is money handled when donations are received for the B’nai Torah Foundation Endowment Funds?
Foundation investments are held in two places. Holdings of State of Israel Bonds are held in book entry with the Bank of New York. Non-invested cash and mutual funds are held at the investment firm of D.B. Alex Brown in Baltimore, MD. Invested funds are held at the custodians of the mutual funds in which they are invested.

What are B’nai Torah Foundation Endowment Funds?
Each year, 5% of the B’nai Torah Foundation Fund balance is used to fund the program or service for which the fund was established.

Endowment Funds

Funds
– General Fund
– Rabbi Steinhardt’s Discretionary Fund
– Rabbi Englander’s Discretionary Fund
– Cantor’s Programming Fund
– Yahrzeit/Yizkor Fund
– Joy & Gene Binkovitz B’nai Torah University
– Esther & Milton Blank Choir Fund
– Alisa & Richard Cohen Confirmation Class Fund
– Lillian, Philip, and Gerry Cooperman Adult Education Fund
– Dr. Henry & Sonja Faintuch Senior Programming
– Lowell & Harriet Glazer Hebrew Education Fund
– George Goldstein B’nai Mitzvah Fund
– George Goldstein Chumash (Prayerbook) Fund
– Dorothy & Milton Gordon Youth Fund
– Anne & Norman Jacobson Chesed Fund
– L.F. Kaplan Family Art Program Fund
– Melvin Klein Ritual Wine and Liquor Fund
– Kuperstock Children Education Fund
– Mildred & Abner Levine Flower Fund
– Sam Mandelker College Connection Fund
– Diane Marcovitz Adult Education Fund
– Beatrice Cummings Mayer Pastoral Care Fund
– Mirochnick Religious School Fund
– Millicent & Sigmund Nathan Library Fund
– Olsher Family Affective Education Fund
– Dr. Henry S. & Erna Rubinstein Holocaust Fund
– Sari Singer Holocaust Survivor Fund
– Ruth & Edward Taubman Early Childhood Center
– Eda & Cliff Viner Family Endowment Fund
– Dr. Burton Wollowick Torah Reading Fund
– Allen & Jewel Prince Early Childhood Fund

tzedakahbrochure_image_2 boys

Scholarship Funds
 – Bill Forster Fund for Youth Activities
– Mager-Cohan MOL/Camp Ramah Scholarship Fund
– Oxler-Farber Fund for Camp Ramah Scholarships
– Dr. Arnold & Pearl Schosheim Fund
– Eleanor & Paul Weiner Distinguished Service Award
– Weiner/Rosenberg MOL/HS in Israel Scholarships
– Weinroth-Smolian Scholarship Fund
– Dr. David Wollowick Scholarship Fund
– Women’s League Judaica Shop Scholarship Fund

How do I create a new Endowment Fund in the B’nai Torah Foundation?
Endowment Funds can be created two ways. First, an Endowment Fund can be established with a gift of $50,000. The second way is to promise by will, insurance policy or other bequest to donate at least $50,000 to fund the named Endowment and promise to pay to B’nai Torah five percent (5%) of the promised Endowment amount on or before the first of July of each fiscal year to fund a specific program line or scholarship program of the Synagogue.

Charitable Gift Annuity Program
B’nai Torah Congregation Introduces Charitable Gift Annuity Program. For more information, click here.

Five Easy Ways To Make A Gift
Our Foundation can prepare a sample illustration for you, including the income tax effects of your gift. Contact the Synagogue at (561) 392-8566 to request a no-obligation confidential illustration.

Click for more information on Five Easy Ways to Make a Gift.

Spencer Sax*, Foundation President
(561) 237-6812
Ssax@ssclawfirm.com

* Ner Tamid Society member