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.
Cherishing the Past, Preparing for the Future
Both John and Lisa were raised by parents who valued their Jewish heritage. The Friedmans have chosen to leave a legacy donation both to honor their parents and to continue their own commitment to Jewish life.
John was raised in the San Francisco area where Jewish philanthropy was a central focus of his family. His parents supported their congregation, local and national Jewish organizations, and especially, Israel.Lisa, originally from the Philadelphia area, was raised with a powerful awareness of the significance of her Judaism as a child of two Holocaust survivors. She fondly recalls attending weekly erev Shabbat services with her parents, listening to her mother joyfully sing with the choir, and enjoying a social life that revolved largely around Jewish youth groups.
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.
High School Seniors Receive Isbin Scholarships
Two students who graduated from Albuquerque-area high schools in May received the Neil Isbin Scholarship, a $1,000 scholarship toward college tuition.
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