History and Mission
Visionary members of Temple Israel established the Temple Israel of Long Beach Foundation in 1977 to acquire, manage, and expend funds for charitable purposes, with its sole beneficiary being Temple Israel for the benefit of its members. The Foundation manages and maintains the Temple’s “nest egg,” which generates annual investment earnings that support ongoing and future programming. Donors may designate funds for specific purposes, such as supporting the religious school, youth scholarships, or building improvements, or provide a non-directed donation that allows the Foundation to support Temple activities and operations on an annual basis.
Leadership
An up to 11-member Board of Trustees leads the Foundation, while the Temple’s Executive Director and senior staff administer its funds. A paid financial advisor manages Foundation investments under the guidance set by the Board.
Current Foundation Board of Trustees:
- Mark Sharzer, President
- Richard Burney, Treasurer
- Dan Felsenthal
- Don Fike
- Steve Gordon, Marketing Chair
- Ellen Polsky
- Norma Stein, Secretary
- Zal Tepper
- Ilsebill Wolfe
Planning for the Future
The Foundation exists to maintain a principal healthy enough to meet any economic challenge the Temple faces. Ultimately, the continued fundraising goal is to generate earnings required to supplement one-quarter to one-half of the Temple’s annual operating budget—reducing pressure to fundraise annually from our membership.
As part of the Temple family, YOU can help us sustain our future by planting your seeds and leaving your own legacy. Please consider contributing in one of the following ways:
Outright Giving
Gifts are accepted at any time and through many means. The Foundation accepts cash, real estate, stocks, bonds and IRA distributions. These contributions are eligible for a tax deduction under the fullest extent of the law. (Please refer to your financial advisor or estate planning attorney).
Wills and Bequests
You may create a bequest through your Will or Trust by allocating a specific amount or a percentage of your estate. Alternatively, you may name the Foundation as beneficiary on a life insurance policy, annuity or retirement account.
Charitable Remainder Trust
This type of Trust can provide lifetime income for you and your spouse, and even your heirs, while receiving a current income tax deduction the year the Trust is established. Upon termination of the Trust, the Foundation receives the remainder amount.
LIFE Estate
A gift of real estate allows you to retain the full use and benefit of the property during your lifetime.
Other Options
A financial advisor or estate planning attorney can advise you on the best method for establishing your legacy while fulfilling your own financial needs.
Please contact Temple Israel Executive Director Eric Shatzkin or Foundation leadership to learn more about making a cash gift or legacy pledge, and planting the seeds for Temple Israel’s future!