The Jewish Community Foundation of New Mexico's mission is to build and perpetuate support for a vibrant, caring Jewish community through partnerships with donors and organizations.
The wellbeing of our community depends upon planning for and investing in the future.
Tips On Charitable Giving
A Charitable Remainder Unitrust for You?
by Grace Allison, JD
Many of us want to benefit both individuals and charity in our estate plans. The question is: how to do it? Consider a charitable remainder unitrust, often referred to as a CRUT. As its name suggests, the unitrust is a special type of trust, making cash payouts first to individuals (either for life or for a term of years) and then to a favorite charity or charities. Payout is always a fixed percentage of the net fair market value of the trust, recalculated each year.
Example: Sarah's charitable remainder unitrust pays her 5% of its net fair market value each year for life; at her death, it distributes to the charity or charities named in the trust document.
Example: Josh's estate plan creates a $100,000 charitable remainder unitrust that pays his son Max 5% of its net fair market value each year for life; at Max's death, the trust distributes to the charity or charities named in the trust document.
No Question About It. Mondlicks Committed to Community.
Ruth Shore Mondlick grew up in a Jewish neighborhood in Providence, Rhode Island. Although her family was not very involved in the temple, they did have a strong connection to the Jewish community. After Mondlick married her late husband, Martin, they became active at their Rhode Island congregation.
Since moving to Albuquerque in 1964, Mondlick has been an active member and participant at Congregation Albert and various local Jewish organizations. She was a founding member of Jewish Family Service. She and Martin never deliberated about whether or not to leave a Legacy gift. Continuing Jewish life has always been vitally important to them. Mondlick’s Legacy gift is to Congregation Albert and the Jewish Care Program, which took the place of Jewish Family Service.
No matter your involvement in the Jewish community, leaving an after-lifetime endowment gift through LIFE & LEGACY is an easy way to support and continue Jewish Life in New Mexico.
News & Events
National Jewish Endowment Initiative Tops $1 Billion in Commitments
250 local donors in Albuquerque and Santa Fe have made 330 legacy commitments totaling an estimated $5.4 million to support the New Mexico Jewish community.
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