Year: 2014

A Hanukkah Gift: IRA Contributions to Synagogues

Not the best way to implement tax policy, but so be it. In 2006, the passage of the Pension Protection Act allowed people 70 ½ or older to make contributions of up to $100,000 from their IRA accounts to a

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Partnership? Or Mutually Supportive Relationship?

Happy Hanukkah! Is the relationship between members of the synagogue board of trustees and the rabbi a partnership? Many people involved in synagogue life, both volunteers and professionals, often refer to it in this way. In many not-for-profit organizations as

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Health Insurance: Taking Care of Synagogue Employees

Health insurance-it does have its challenges today, even with a plan with great coverage. But for the majority of Americans, it is certainly better than it was just a few years ago. The Affordable Care Act (“ACA”) has given more

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What about Chabad?

The other day there was a web article in the New Jersey Jewish News about a “thirtysomething” couple who opened up a Chabad House in our town, Montclair, NJ. Montclair is located 12 miles west of the Lincoln Tunnel. It

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“If You Don’t Ask, You Don’t Get”

You probably have heard this story before. Lew Levine was a pillar of the Jewish and general community where he lived. He served in the Army during World War II. After the war, he took advantage of the GI Bill

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End of Year Giving: Ensuring December Is A Strong Month For Cash

For not for profit organizations, including synagogues and other houses of worship, December is the best month for cash. It is the end of the year and we are all thinking of year-end contributions. You know that after Thanksgiving, we

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Embezzlement And Being Prepared…

We all hope we are never victims of theft! Many years ago, we lived in Boston and our apartment was robbed. Besides all the forms you have to fill out with the Police Department, it is far from a fun

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#GivingTuesday: Should We Jump On The Bandwagon?

In the past 2 days, I have received literally 60 email requests for political contributions. I had made a few contributions to candidates earlier in the summer. So of late, this has been a daily occurrence. I have received emails

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The Financial Audit: Building Trust with Congregants

Many years ago, my dad was the director of a JCC summer camp in Maine. Perhaps it was my high school economics class that prompted me to ask him one evening at dinner if the camp was a million dollar

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The Best Time For A Major Campaign Is…

First, I want to define what I mean by a “Major Campaign”. What I am speaking about here could be a capital campaign for a new building or renovations of existing space. It also could be an endowment fund to

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