Established in 1994, the Chizuk Amuno Foundation is our not-for-profit subsidiary that supports Chizuk Amuno Congregation and Schools in our efforts to provide religious services, education, scholarships, and programming for the Chizuk Amuno community. Directed by a Board of Directors, the Foundation oversees the management of restricted and unrestricted endowment funds that assure the future financial stability and viability of Chizuk Amuno Congregation and Schools. Sam Moskowitz currently serves a Foundation President.
All funds are invested in the Jewish Communal Investment Fund of the Associated. Each year the Chizuk Amuno Foundation provides significant financial support to the congregation via unrestricted income. Funds go towards the annual budget, scholarships, adult learning, facility maintenance, and special projects.
The Chizuk Amuno Foundation Endowment funds are invested in the Jewish Communal Investment Fund administrated through the Associated Jewish Charities of Baltimore.
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 Congregation and Schools remain strong for the generations who follow.
A variety of strategies are available to enable you to make a gift, meet your personal financial needs, and fulfill your philanthropic goals.
Outright Gift – 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. View our instructions for donations of stock.
Estate Bequest – 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 who included in the synagogue in their will.
Life Insurance – 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 contact Beth Goldsmith or Lee Sherman for additional information about the Chizuk Amuno Foundation: 410-486-6400.