Chizuk Amuno Foundation
History and Purpose
Established in 1994, the Chizuk Amuno Foundation is a not-for-profit organization that supports Chizuk Amuno Congregation in our efforts to provide religious services, education, and programming for the Chizuk Amuno community. Directed by a board of trustees, the Foundation oversees the management of restricted and unrestricted endowment funds that assure the future financial stability and viability of Chizuk Amuno.
Annual Financial Support
Each year the Chizuk Amuno Foundation provides significant financial support to the congregation via unrestricted income. Funds go towards the annual budget.
Restricted and Unrestricted Endowment Funds
Unrestricted endowment funds demonstrate confidence in the leadership to allocate resources effectively. Restricted funds reflect a particular aspect of synagogue life that is important to the donor. Named funds range from $18,000 to over $3 million.
A gift to the Foundation offers a way for you to link your name in perpetuity with the ideals and values you cherish. Your name and values live on through tzedakah. An endowment gift to the Foundation is a statement of faith in our people, in our community, and, especially, in our congregation. This gift will ensure that Chizuk Amuno remains strong for the generations who follow.
Ways to Give
A variety of strategies are available to enable you to make a gift, meet your personal financial needs, and fulfill your philanthropic goals.
An outright gift of cash, stock, or other property offers immediate income tax benefits and enables you to make a legacy gift to the Foundation during your lifetime.
A simple bequest in your will may specify that money or other assets be left to Chizuk Amuno. Bonei Amuno is Chizuk Amuno’s bequest society that recognizes congregants how included in the synagogue in their will.
A life insurance policy you already own or choose to purchase can be assigned to Chizuk Amuno. If Chizuk Amuno is the owner and beneficiary of the policy, premium payments are tax deductible. By naming Chizuk Amuno as the beneficiary, proceeds are payable immediately upon the policy holder's death and probate costs are avoided.
Charitable Income Plan
A Charitable Gift Annuity or Charitable Remainder Trust provides you or a loved one with needed current income, while providing a means to make a gift to the Foundation after your lifetime.
IRA or Retirement Plan
Your IRA or retirement plan can be subject to high estate and income taxes. Consider using these assets first to benefit your synagogue.
You are invited to call Glenn Easton for additional information about the Chizuk Amuno Foundation: 410-486-6400.