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The Charlotte Jewish news. (Charlotte, N.C.) 19??-current, December 01, 2009, Image 13

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The Charlotte Jewish News - December 2009 - Page 13 Creating a Legacy for CJDS By Rich Osborne “Estate planning” sounds like something of little concern to most people. Gilligan’s wealthy friend, Thurston Howell III, needs “estate planning”; we just need “a will.” That concept of “just needing a will” is widespread but in many cases erroneous. Once our obligations to family are fulfilled, we should stop and consider whether we can and want to provide for some of the causes and institutions we cherish. Think of the difference a gift of $1000 or $5000 or $25,000 would make to an important organization whose work is constrained by its ability to raise money. While we may not be able to provide such gifts during our lives, we may feel comfortable and perhaps compelled to provide something for such groups when we pass away. I personally have made provi sions for Jewish organizations, including Charlotte Jewish Day School and organizations in the general community. Why the Day School? It occupies virtually new space and has no apparent capital needs. Nevertheless, the Day School has one persistent, critical capital need: resources for scholar ships. Rich Osborne Education is expensive. Quality education is very expensive. The costs increase with each level. Pre school costs less than elementary school; elementary school costs less than middle school, and mid dle school costs less than high school. The greater span and com plexity of classroom and non classroom curriculum drives this cost structure. Tuition at Charlotte Jewish Day School is about $11,000- a lot of money: a good deal less than the most expensive secular private schools in Charlotte, somewhat more than the Catholic schools which can better take advantage of economies of scale. About one third of the 120 stu- I CJDS students ran into mayoral candidate John Lassiter while they were selling Auto Bell certificates as a school fund raiser at the Arboretum. The city council man was happy to stop for a quick photo-op.. Festival (Continued from page 11) loon sculptures from Corky, The Magic Clown. Teachers and par ents were on hand to help run the show. Special thanks go to JPS mom Amy Augustine for chairing the event as well as Lorin Steifel who organized all the volunteers. JPS also appreciates the generosi ty of My Gym and Your Event Source for helping to make the day a big success. ^ Save The Date! Come roll the dice on January 28 at JPS’s “Casino Night” and annual silent auction in Lemer Hall. Bid on travel, jewelry, spa and sports experiences, and more. Tickets are $25 for one or $45 per couple; price includes raffles and funny money for gaming. To pur chase tickets or donate items to be auctioned (accepted through January 25), contact JPS at 704-364-8395. Thanks once again to our 2009 Auction Sponsors: Laxer, Long & Savage Pediatric Dentistry and Orthodontics; Ditesheim Cosmetic Surgery; Diamonds Direct Southpark; Your Event Source; Mecklenburg Foot & Ankle Associates & Diabetic Foot Clinic, PC; OrthoCarolina; Diefendorf Capital Planning; Bernard Investigations, LLC; Pathways for Learning; Irv Schwebel with Prudential Carolinas Realty; Web Full Circle, Inc.; Southside Constructors, Inc.; Charlotte Pediatric Clinic; Family Dollar; Steve Lepow RE/MAX Executive Realty; Donald S. Homer, MD.; Amity Obstetrics & Gynecology; Charlotte Jewish Day School; Greenspon & Associates. *»'Jewish Preschool □n Sardis dents at the Day School receive scholarship assistance. No student receives a full scholarship; every one pays a portion of the cost. Scholarship resources come from the Day School’s annual fund which raises over $180,000; from the Federation, which allocates about $150,000 for scholarships; from periodic scholarship grants in memory of Sam Lemer; and from endowment. Endowment, howev er, has provided only about $7000 annually. Indeed, the school has only one named, endowed scholar ship fund, that generously created by Barbara and Jerry Levin. Determining who needs schol arships and how much they should be granted is a difficult, complicat ed task. The Day School confracts with a Delaware company that spe cializes in providing this kind of service to private schools. This ensures confidential, impartial, objective and consistent freatment. Until this year, the Day School has been able to fiilly fiind all scholarships recommended by this service. This year, the weak econo my dealt the process a double whammy: more students needed assistance, and donors were able to provide less support. As a result, for the first time the Day School had qualified Jewish students who could not attend the school because of a lack of scholarship funds. This is an intolerable situation. I have increased my own commit ment to the annual fund at the Day School. I also have made a provi sion in my “estate plan.” This is something that many of us can do. I hope those who can, will. ^ Rich Osborne serves as co- President of the Charlotte Jewish Day School with Julia Greenfield Josh Rubin’s Plumbing, LLC LICENSED - BONDED - INSURED COMMERCIAL & RESIDENTIAL Layouts for slabs - Rough-in and Finish Water Heater Repairs and Replacement Kitchen/Bath Remodeling Toilets, Tubs, Faucets, Sink, and Disposal Repairs/Replacement ~ 10 YEARS EXPERIENCE ~ NC State Lie. #29197 SC State Lie. #M110508 704-517-4918 Energetic. Motivated. Responsive. 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