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April 10, 1998     Jewish News
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April 10, 1998
 

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April 10, 1998 Southeastern Virginia Jewish News 7 Tidewater Jewish Foundat, on News What Your Endowment Will Do By Dr. Arthur S. Kaplan, Chairman Tidewater Jewish Foundation ndowment funds are growing in popularity as more and more donors discover the remarkable benefits they provide. In fact, perhaps you have even thought of creating one of these funds yourself. Your endowment, should you establish one, will accomplish many things. Here are just three to consider: Your Endowment Will Endure Dr. Arthur S. Tidewater Jewish Foundation endowments Kaplan are like artesian wells; they never run dry. That's because most funds prohibit us from spending the principal. Only the income, which is defined by our Spending Policy, can be used to meet the purposes of the endowment. For example, let's say you create an endowment to provide camp scholarships. Once established, your endowment will generate these financial grants every year. Even after you're gone, your endowment will live in perpetuity. A hundred years from now, campers will benefit from your prudent planning and generosity. This enduring quality makes endowments the perfect tool to create a lasting legacy! Buildings may crumble and programs may change, but your endowment will endure! Your Endowment Will Enable Regular cash gifts to the Federation's Annual Campaign certainly help the Jewish community meet our financial obligations. What happens when the donor dies? Through our Annual Campaign Endowment (ACE) program, you can perpetuate your gift. What if the Campaign suffers in a lean year? Because of their enduring quality, endowments enable community organizations to plan with confidence. They can project endowment income and develop programs accordingly. Sometimes our donors create endowment funds to enable us to accomplish things we would not ordinarily be able to do through normal budget channels. For example, an endowment may provide ongoing resources to a Jewish agency for such things as staff enrichment, specialized programs and additional eqmpment purchases. Your endowment will enable the Tidewater Jewish Foundation to help our community organizations to be stronger and more viable. It will help us not only meet current needs, but face the future on solid ground. Your Endowment Will Ennoble When you create an endowment, you ennoble the Jewish community. You deepen our financial foundation and lift us higher in the minds of our constituency. Through your endowment, you say, "This is an organization worthy of my resources, l expect the Foundation to be fulfilling its mission far into the future." Your prudent and forward-looking decision encourages us and challenges us to honor your "investment." Ennoblement spreads to your family as well. Your children and grandchildren have added reason to appreciate their heritage. The ongoing impact of your endowment reminds them of who they are. It lifts their own sights and inspires a benevolent spirit. Your endowment will do more than endure, enable and ennoble. Philip S. Rovner, Executive Director, can give you the whole picture. He'll outline further benefits and show how easy - and meaningful - a Foundation endowment can be. To learn more about your own endowment, complete and mail the coupon below. Or call Philip Rovner at 671-1600. (Please complete and return this reply form.) Dear Friends at The Tidewater Jewish Foundation: 1 Please send me free information about the Foundation's endowment program. 7_j Please contact me about a personal visit. 11 have provided for the Tidewater Jewish Foundation in my will or another estate-planning document. Namc Address City/State/Zip Send to: Tidewater Jewish Foundation, 5029 Corporate Woods Drive, Suite 225, Virginia Beach, VA 23462 Israel Bonds Jubilee issue NEW YORK -- In celebra- tion of Israel's 50th anniversary, the nation's Finance Ministry has approved a new Jubilee Issue of Israel bonds that is now avail- able for sale. In announcing the new issue, Israel Bonds National Campaign Chairman Irwin Hochberg called the commemorative bonds "a perfect way to establish a per- sonal connection with Israel dur- ing this historic anniversary year." Bonds President and CEO Gideon Patt added, "From the first Independence Issues in 1951, Israel bonds have been closely identified with Israel's extraordinary economic progress. Investment m the new Jubilee Issue will be an impor- tant means of continuing that legacy of success and achieve- ment." The Jubilee Issue is coin- posed of two types of bonds: Series A, which has a five-year maturity, and Series B. which matures after 10 years. For bonds purchased March 15 through April 24, 1998. Series A bonds will have a annual interest rate of 6.30 percent and Series B bonds 6.65 percent. Initial sub- scription for both bonds are $25,000, with the annual interest rate determined at the beginning of the sales period in which the bonds are purchased. Interest is paid twice yearly, on May 1 and Nov. 1. In addition, the original regis- tered owner of the Series A bond can assign it by way of collateral security to an institutional lender AIPAC annual policy conference to tackle challenges facing U.S. Israel relationship WASHINGTON, DC -- AIPAC's annual Policy Confer- ence will be the nation's premier celebration of Israel's 50th Anniversary, but it also promises to be the most important event for pro-Israel advocates to tackle pivotal challenges facing the Jewish state and the U.S.-lsrael relationship. ... it also promises to be the most important event for pro-Israel advocates to tackle pivotal challenges facing the Jewish state and the U.S.-Israel relationship. These challenges will be con- fronted as more than 2,000 pro- Israel activists, policy makers, administration officials, mem- bers of Congress and Middle East analysts meet at AIPAC's 39th Annual Policy Conference, May 17 - 19 at the Washington Hilton Hotel in Washington, DC. This year more than ever, there is a sense of urgency for activists to do what they can to arrest the threat emanating from Iran and Iraq's development of long-range missile technology. From Connecticut to Colorado activists are asking what role Congress and the administration play in supporting Israel during this time of uncertainty. Conference highlights include the Monday-night Gala Anniver- sary Banquet celebrating "50 Years of Friendship Between the U.S. and Israel." The evening will feature special invited guests Prime Minister Benjamin Netanyahu and Tennessee native, Vice President AI Gore. The Conference's celebratory events will culminate with "A Capitol Celebration" at the place 'where it all happens'the U.S. Capitol building. More than half of the U.S. Congress, Washington polit- ical insiders, key administration officials, ambassadors and jour- nalists will take part in these unparalleled events. And leading the way to Wash- ington, DC will be AIPAC activist, Art Sandier of Virginia. "Come to celebrate. Come to learn. Come to lobby. But come," Sandier said. "You'll rarely have the chance to mix and meet with the caliber of activists and influ- ential that will be at this confer- ence." Participants will be briefed by top officials and experts on criti- cal issues such as the status of the peace process, the escalating Iranian threat and the new role of foreign aid. Among those expected to par- ticipate in other sessions are Sec- retary of State Madeleine Albright, House Speaker Newt Gingrich, Senate Majority Leader Trent Lott, Senate Minor- ity Leader Tom Daschle and House Minority Leader Richard Gephardt. Participants can also partake in private tours of Washington's hottest special attractions, including the Pentagon, the White House, the National Mon- uments and the U.S. Memorial Holocaust Museum. Those wishing the most up-to- date program infor nation, or to register, may contact AIPAC's Southeast office at (770) 541- 7610, or check AIPAC's Web site at http://www.aipac.org. F57) 009-1371 HAMPTON ROADS Nosh Cafe Coffee House, May 3, 7 p.m., Temple Israel Call 622-7511 for details. three years from its issue date. Series B holders can assign their bonds as collateral five years from the issue datg. Purchasers of either bond also have the option of adding to their invest- ment in $5,000 increments with- in the 12-month period follow- ing the initial subscription. Complete details and current interest rates on the new Jubilee Issues can be obtained by calling the Israel Bonds office. This is not an offering which can be made only by prospectus avail- able from Development Corpo- ration for Israel, Israel Bonds, CONTINUED ON PAGE 8 Our counselors are good listeners. Call us! I00JFS Clinical Servaces Call us at 473-2695.