The Charlotte Jewish News - May 2008 - Page 15
How Does an Endowment Impact You?
By Phil Warshauer
As a loyal reader of The
Charlotte Jewish News you
already understand the value this
publication provides to our Jewish
community. Whether you identify
yourself as a newcomer or a
“lifer,” CJN brings forth new
information, opportunities, and
events that make our community
special.
As a professional it provides the
opportunity to educate and inform
by giving you, the reader, some
insight into how the Foundation
for the Charlotte Jewish
Community impacts our commu
nity. We have attempted to deliver
the message that our Jewish com
munity requires endowment funds
to provide future seiwices for our
next generation. Our institutions
have begun addressing this issue
and will continue to blow that sho-
far louder and stronger into the
future.
How does an endowment
impact you? It affects the program
ming at the Levine Jewish
Community Center and the servic
es provided by Jewish Family
Services. It impacts Temple Israel,
Temple Beth El, Congregation Ohr
Ha Torah, and Charlotte Jewish
Day School’s ability to educate our
children. The grounds of Shalom
Park and our Hebrew Cemetery
benefit from endowments.
Endowments will play an increas
ing role in the future campaign
successes of the Jewish Federation
of Greater Charlotte.
It seems to me that the best way
to share this message to you is in
their words.
Eric Sklut, president of
Foundation of Shalom Park speaks
about the trickle down effect an
endowment has on other local
organizations. “Since the costs of
operating Shalom Park are shared
by our partners/tenants, plus the
Foundation itself, the faster we
build our endowment, the better it
will be for our agencies on the
Park, who can then utilize their
internally generated funds for spe
cific programming.”
“One of the ways that endow
ments assist Temple Israel is to
help perpetuate Jewish holidays by
allowing us to celebrate them in a
public way and share our faith and
holiness,” says Temple Israel
President Marcy Mehlman. “An
endowment is a gift that can be
opened more than once. It enables
an organization to be able to use its
funds in the future, not just for a
one time event or program.”
Phil Berman, Executive
Director of the Levine Jewish
Community Center, looks toward
the future when assessing his orga
nization’s needs. “Endowment
income is a crucial component to
keeping the LJCC’s facilities state-
of-the-art, as well as our ability to
provide increased programming to
our membership. Continued
upgrades to our fitness center,
vans to transport our seniors and
youth, tennis and pool upgrades
and arts expansion all require
large investments which our oper
ating income and endowments
cannot currently support.”
“Endowments enable us to con
tinue to provide services, expand
what we are able to do and func
tion at our highest level without
over-burdening our constituen
cies,” adds Sara Schreibman,
Executive Director at Temple
Beth El. “Endowments allow us to
meet the day-to-day challenges
and be creative and innovative at
the same time.”
“Currently, about 90% of our
operating budget comes through
our annual Friends Campaign,”
says Jewish Family Services’
Endowment Chair Karen Knoble.
“If Charlotte experiences a severe
economic downturn or suffers a
catastrophic event a well-funded
endowment would ensure that
Jewish Family Services can con
tinue looking after our community
when we need it the most.”
Mariashi Groner, Director of
Charlotte Jewish Day School, pro
vides this insight. “The scholar
ships needs of CJDS are continu
ing to grow each year. An endow
ment to fund scholarships would
help us avoid having to refuse a
family’s admission because they
cannot afford the tuition. It would
help us to meet the imperative
-^I'oundation
f for the
f J^p'^Tj\Charlotte Jewish
lommunicy
goal of offering a Jewish education
to every Jewish child.”
“The Federation’s history of
successful annual campaigns is a
reflection of the many generous
people in our community. In the
future, the campaign alone will not
be able to meet the needs of our
community,” explains Donald
Jacobs, Federation Endowment
Chair. “It is important that our
annual campaign efforts be supple
mented by a strong endowment.
An emphasis on endowing one’s
annual gift to the Federation will
leave a legacy for our donors and
position the Federation to continue
to serving our Jewish institutions
at home, in Israel and abroad.” 4*
Phil Warshauer is the Director
for Planned Giving for the
Foundation for the Charlotte
Jewish Community. For more
information or questions about
how you can leave a legacy by sup
porting your favorite endowment
please contact Phil at 704-973-
4544 or pwarshauer@ffic. org.
Larry Horowitz, CLU, ChFC
Financial
5950 Fairview Road, Suite 608
Charlotte, NC 28210
704-556-9982, Fax: 704-369-2918
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JCC
Tributes
Camp Mindy Facility Upgrade
Fund
In honor of Eric Sklut’s birth
day from Tammy and Andy
Cohen, Roni and Glenn Fishkin,
Julie and Arthur Lavitt, Julie and
Howard Levine, Kimberley and
Philip Segal, Barbara and Josef
Sklut, Karen and Jeff Turk.
Paul Spil Memorial Softball
Fund
In honor of Eric Sklut’s birth
day from Linda and Morris Spil
LJCC Fine Arts Fund
In memory of Cantor Stephen
Dubov from Robyn Benjamin ^
Levine
iFv
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