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October 31, 2014

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HERITAGE FLORIDA JEWISH NEWS, OCTOBER 31, 2014 PAGE 3B To secure legacy funding for many Jewish organiza- tions and institutions, the Harold Grinspoon Founda- tion is expanding its leveraged philanthropy-style campaign called "Life & Legacy," to eight additional communities across the country, including Tampa, Orlando and Pinellas (T.O.P.). Life and legacy of- fers programmatic matching grants and incentive grants to inspire Jewish leaders to encourage afterlife gifts for their organizations and loyal donors to make legacy com- mitments. The results are impres- sive. In just two years an estimated an $70 million has been committed to 183 Jewish organizations in 12 cooamu- nities across the country. In partnership with the Harold Grinspoon Foundation; local Jewish federations, and com- munity foundations work closely with day schools, synagogues, and social service organizations to direct con- versations about after-lifetime gifts for those organizations. To date, 2,000 such commit- ments have been made, total- ing an estimated $70 million in future gifts. "With the Baby Boomer generation expected to pass along sizeable wealth in the coming years, these com- mitments are vital life lines for sustaining Jewish orga- nizations of all sizes across North America," said Arlene D. Schiff, Life & Legacy's national director. "It's very exciting to see this level of responsiveness to our ef- forts, and the cooperation that is developing among organizations is inspiring. The collaboration around legacy giving and philan- thropic planning with an eye toward sustaining programs and services for the Jewish community as a whole in many communities has been transformative." Life & Legacy recently added eight more partner communities to its outreach efforts including: Phoenix, Ariz.; Cincinnati, Ohio; Dela- ware; East Bay, Calif.; Tampa, Orlando and Pinellas in Florida; South Palm Beach/ Boca Raton; Houston, Texas, and Indianapolis, Ind. Over the last two years, the pro- gram has been underway in 15 communities: Charlotte, N.C.; Chicago, Ill.; Princeton/ Greater Mercer County, N.J.; Greater W shington, D.C.; Memphis, TN, MetroWest, N J; Miami, FL; Milwaukee, WI; New Haven, CT;Jacksonville, Fla; Omaha, Neb.; Orange County, Calif.; Portland, Or- egon; Sacramento, Calif.; and Southern New Jersey. One of the hallmarks of Harold Grinspoon's philan- thropic strategy is to inspire other donors. To encourage them, he offers incentive grants so they join in and ultimately support Jewish institutions of all kinds. The Harold Grinspoon Founda- tion is focused on building a vibrant Jewish future for day schools, synagogues, camps, and community programs through philanthropy. It's a method that he successfully integrated into his Jewish camping program to help endow camps across North America. With Life & Legacy, his $3 million investment has already resulted in $70 million in future gifts. Here is how it works: Life & Legacy partner communities are provided matching grants to support the implementa- tion of the program as well as funds to incentivize their local organizations to be success- ful. Legacy commitment goals are established for each orga- nization and the community as a whole. Matching grants are paid on an annual basis upon achievement of the com- munity goal. Organizational incentives are granted each year as institutions achieve, or in many cases, exceed their individual goals. The receiv- ing organizations have the discretion to use these funds as they see fit. With a return on investment that is more than 20 fold, it's a formula that works. "Life & Legacy is a way to secure our Jewish future," Schiff said. How to (Brandpoint)--Financial abuse of the elderly is on the rise and not only is it getting worse, but for every reported case of elder financial exploi- tation, 43 others go unrec- ognized. The annual financial loss for victims of elder abuse was estimated at $2.9 billion in 2010, up 12 percent over 2008, according to an analysis con- ducted by the MetLife Mature Market Institute and Virginia Tech in consultation with the National Committee for the Prevention of Elder Abuse. From email phishing, to phone scams, to regular mail fraud, there are now myriad ways for thieves to prey on the elderly. There are even cases During the recent High Holy Day services, Rabbi Rubinger felt that it was particularly important for the members of the congre- gation to be thinking about Israel. "Operation Protective Edge has concluded," he said recentlyl "...families are no longer running [o shelters and Israeli soldiers are no longer searching for and destroying Hamas' terror tunnels but that doesn't mean we stop supporting Israel. Israeli bonds are a great way of sending a message of solidarity to our brothers and sisters there." In collaboration with the Israel Bonds office in Tampa, which is responsible for Cen- tral Florida, Ohev Shalom followed up on Rabbi Rubin- ger's strong appeal by mailing tab cards to Ohev Shalom's membership. Rabbi Rubinger, a member of the Israel Bonds Rabbinic Council for almost 10 years now, composed a letter to the congregation that was sent on Oct. 6, 2014. of identity theft scammers setting up fake Medicare mail promising cheaper insurance, cheaper pills, and cheaper services in return for your Medicare number. Scams like this can happen anywhere and at any time. Take for example a recent senior Bank of America cus- tomer who went to her local branch and requested a sub- stantial wire transfer from her account. The transaction was not an ordinary request for this customer, which immedi- ately alerted the associate that something was not right and to involve the security team. Despite the customer's initial confusion and frustra- tion, the team continued to He wrote, "Show that you are proud to be a Zionist and in- vest in Israel by buying a bond which will notonly strengthen Israel's economy but will also send a message of love and support to the children who ran to shelters, to families who lost loved ones, and to a nation that needs to know they are not alone. Let Israel know that we are with them." "We are very pleased with the response so far," said Monica DiGiovanni, regis- tered representative for Israel Bonds, "Ohev members have - always been strong support- ers of Israel through Israel Bonds. Ohev Shalom's Israel Bonds chairman Burt Chasnov added, "We are indeed very pleased with the response and we are hoping this article will remind more people to send in their cards and join other members of the shul in sup- porting this campaign." Development Corpora- tion for Israel/Israel Bonds ranks among Israel's most ask open-ended questions and learned that the customer had been told she had won a fake popular subscription-based; sweepstakes and needed to wire the taxes before she could receive her prize. Luckily, they were able to protect the customer and her assets from any losses and brought in the police to investigate. "Unfortunately, cases like this are not unique," says Anjali Besley, Banking Center Channel Southeast Region executive for Bank of America. "Our banking center team- mates work to. build strong relationships with their cus- tomers and are trained to help identify signs of fraud and how to handle. One of the tricks is to separate the at-risk customer from whomever they may be with to avoid conflict, resolve issues and ensure the financial safety of our customers." If you are elderly or the relative or caregiver of a senior citizen, here are a few tips to prevent financial abuse and potential warning signs to look for: Mail fraud, which includes email, is one of the oldest tricks in the book. Be skeptical of offers that seem "too good valued economic and strate- gic resources, with a record of proven success span- ning more than six decades. Praised for its dependability, the Bonds organization has helped build every sector of Israel's economy. Advocating investment and pride in Israel through the sale of Israel bonds is global in scope. Worldwide sales have exceeded $37 billion since the first bonds were issued in 1951. Proceeds from the sale of Israel bonds have played a decisive role in Israel's rapid evolution into a groundbreak- ing, global leader in high- tech, green-tech and biotech. Member FINRA Rabbi Rubinger and Di- Giovanni are hopeful that other members of the Or- lando community will join Ohev Shalom members and will support Israel in 5775 by investing in Israel bonds. Call the office 727-282-1124 or go to to invest online. to be true"--especially if they ask for money up front, or your passwords/PIN numbers. This is a clear sign to stay away. Never share your pass- word or PIN numbers. If you have trouble remembering ' your password or PIN num- bers, keep them in secure places, such as a lock-box in your home or a safety box at your local bank. Remember, bank employees will never ask for them. Another option is to keep them with a close, trusted family member. Don't share financial information with anyone you don't know--especially over the phone. Just like offers that seem too good to be true over email or regular mail, the same goes for phone calls. Check your bank state- ments regularly and set up alerts to inform you of chang- es to your account. Watch for sudden or unusual changes in banking practices such as large or unexplained with- drawals, new signers added to accounts, and confusion over account balances or activity. Call the bank immediately if you don't recognize a charge, transfer or change. Set up direct deposit and automatic bill pay through your bank's online banking services, including your social security payment. Shred personal docu- ments at regular intervals throughout the year. Safely store bills and personal notes you need and shred the rest. Many banks around the country are now implement- ing procedures to help as- sociates quickly identify and report suspected elder financial abuse, including the ability for banking center personnel to file suspected financial abuse reports. These processes en- able associates to recognize, escalate and debate ways to best protect customers. But taking steps to educate and protect yourself as well as recogniz- ing the warning signs of elder financial abuse are ultimately the best ways to thwart theft. If you or someone you know may be threatened by elder financial abuse, call the Na- tional Center on Elder Abuse at 855-500-3537 and explain your situation. ................................................................................................................ ~a~ ............................... ~wr ................................... FoR Yotnt BUSIN ANDCONFIDENCE Stuart H. Farb, CLU, ChFC, Rebecca L. Kau , CILPC Summit Tower Blvd., Suite 170 lando, FL 328110 FAX: 407-916-9502 TheFarbGroup@LFG. m