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.
Kol Hakavod "All the Honor" to the Simons
For Elisa and Toby Simon, involvement in Jewish life started in Albuquerque when their kids were young. Without a JCC, their home became the meeting place for Jewish teenagers. The Simons actively supported Jewish camps and BBYO. It was important to them.
Today, their grandchildren's future is important to them. They created a Charitable Remainder Unitrust (CRUT) at the Jewish Community Foundation in memory of Judith Adina Simon. The eventual charitable distributions will support Jewish youth programming as well as social services for Jewish seniors in our community.
News & Events
Celebrating the Past, Enriching the Future
At the end of March, over 125 guests enjoyed lunch, good company and intriguing speakers at our annual Jewish legacy event at the Albuquerque Museum.
2017 Summer and College Scholarships
Apply for Jewish camp scholarships, college scholarship, and scholarships to help finance a spring/summer educational trip to Israel.
L'Dor Va Dor — Family Charitable Funds
Create or build upon a family tradition of charitable giving. Open a donor advised family charitable fund.
UNM Contemporary Jewish Studies Spring Lecture Well-received
Muslims and Jews: A History of Relationship presented by Professor Reuven Firestone.
100 Charitable Organizations Receive Grants in 2016
Donor-directed and competitive grants targeted a variety of areas.