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.
Example: Same facts as in prior example. During the first year of the unitrust, Max will receive $5,000. But, if the trust grows in value, Max's cash payouts will increase as well.
Environmental Peacebuilding is the Siegels' Passion
Leora and Malcolm Siegel have been involved in the New Mexico Jewish community since they moved here from Boston in 1981. In 2009, they became active participants in environmental peacebuilding in Israel and Palestine, through the Water Resources Action Project, (WRAP) an all-volunteer, non-profit organization based in Washington D.C. and Albuquerque, New Mexico. Environmental peacebuilding promotes peace in areas of conflict.
WRAP began with a simple mission: to provide a reliable supply of water for flushing toilets, washing hands, and keeping restrooms clean in schools for underserved youth in Israel, Palestine and Jordan. In the past seven years, WRAP has built water harvesting systems in a network of 8 middle and high schools and uses digital technology to connect these schools to American schools.
News & Events
LIFE & LEGACY™ - L'Chaim New Mexico, To Our Jewish Future
Legacy teams representing 9 organizations in Albuquerque & Santa Fe are off to a strong start! Awareness about the value of building resources for our community's future is growing. Our Year 1 goal: Each team secures 18 commitments for after-lifetime endowment gifts to support its organization.
Remembering 1492: Sephardi Jews and the Spanish Past
Vanderbilt University Associate Professor Julia Phillips Cohen presented a fascinating lecture on March 22 probing the evolution of Sephardi Jews' ties to Spain in the centuries following their expulsion.