B'nai Torah Foundation

What is the B’nai Torah Foundation  (the "Foundation")?

The purpose of the Foundation is to support B’nai Torah Congregation of Boca Raton, Inc. The B’nai Torah Foundation was established on August 12, 1991 as a tax-exempt organization under Section 501(c) (3) of the Internal Revenue Code. Donor contributions are tax-deductible in the manner and to the extent provided in Section 170 of the Internal Revenue Code.

Who manages the B’nai Torah Foundation?

The President of B’nai Torah Congregation appoints a President and a Board of Directors annually to manage the affairs of the Foundation. There are not less than three or more than ten Foundation Board Members, plus the Immediate Past President of the Foundation. Board tenure is either one or two years. The President of the Foundation sits on the Board of B’nai Torah Congregation. The President in the current fiscal year is Mark Glickman*.

What are B’nai Torah Foundation Endowment Funds and what are their assets?

The Foundation includes 29 different Endowment Funds that have been established by past and present members of our congregation. Income from these Endowment Funds are used to finance scholarships and operating expenses of our Synagogue. The Foundation serves as the investment vehicle for all of the individual B’nai Torah Foundation Endowment Funds.

Where are the assets of the B’nai Torah Foundation held? How is money handled when donations are received for the 29 B’nai Torah Foundation Endowment Funds?

Foundation investments are currently held in two places. Holdings of State of Israel Bonds are held in book entry with the Bank of New York. Non-invested cash and mutual funds are held at the investment firm of D. B. Alex Brown in their Baltimore, MD office. Invested funds are held at the custodians of the mutual funds in which they are invested.

What are B’nai Torah Foundation  Endowment Funds?

There are 29 active Endowments Funds in the B’nai Torah Foundation. These funds are described below:

Departments/Programs

1. Esther & Milton Blank Children’s Music Endowment Fund - provides financial support to the Synagogue for children’s music programs. These funds are used to directly offset programming expenses.
   
2. Alisa and Richard Cohen Confirmation Class Fund - supports an annual Confirmation Class Trip for 10th graders attending B’nai Torah’s Mirochnick Religious School.
   
3. Lillian and Philip Cooperman Adult Education Fund - provides income specifically to pay for the support of B’nai Torah’s award-winning Adult Education Program at B’nai Torah Congregation.
   
4. George Goldstein B'nai Mitzvah Fund - helps underwrite B'nai Mitzvah training for the disadvantaged youth of our Synagogue.
5. George Goldstein Chumash Endowment Fund - purchases bibles for the Congregation as needed.
6. Dorothy & Milton Gordon Youth Endowment Fund - supports youth programming at B’nai Torah. Programs may be within the framework of the Synagogue’s youth group chapters, the Mirochnick Religious School and/or the Ruth and Edward Taubman Early Childhood Center.
   
7. Leon & Esther Holz Youth Activities Endowment Fund  - supports youth activities at B’nai Torah Congregation.
8. Rabbi Joseph Katz Study Endowment Fund - provides general income to the Nathan Library to assist in the upkeep of the Katz Study.
   
9. Melvin Klein z"l Ritual Wine and Liquor Endowment Fund - supports the cost of the wine and liquor used at Shabbat Kiddush.
10. Mildred and Abner Levine Flower Fund - helps underwrite the cost of Bema flowers in the Synagogue’s worship services through an annual grant.
11. Mager/Cohan Youth Scholars Fund - to foster and maintain innovative, specific, and dependable advanced Jewish learning initiatives for the youth of B'nai Torah Congregation. 
12. Sam Mandelker College Connection Endowment Fund - supports the Sam Mandelker College Connection Program through an annual grant.
13. Diane Marcovitz Adult Education Fund - for Scholar in Residence Programs.
14. Beatrice Cummings Mayer Pastoral Care Fund - helps underwrite the cost of the B'nai Torah Congregation Pastoral Care program.
15. Mirochnick Religious School Endowment Fund - helps underwrite the cost of providing religious training for B’nai Torah’s children in the Mirochnick Religious School.
16. Millicent and Sigmund Nathan Library Endowment Fund - provides income to the Nathan Library annual budget.
17. The Olsher Family Affective Education Endowment Fund - provides annual support for affective Jewish educational programming.
18. Ruth and Edward Taubman Early Childhood Center Endowment Fund - supports operations of the Ruth and Edward Taubman Early Childhood Center through annual grants and current gifts.
19. Jill and Clifford Viner Family Endowment - supports general operations and programming of the Synagogue.
20. Dr. Burton Wollowick Torah Reading Fund - helps underwrite the cost of the ba’al koreh (torah reader) for B’nai Torah.

Scholarships/Grants/Prizes 

1. Bill Forster Fund For Youth Activities - provides scholarships for leadership training programs for our Synagogue Youth.
2. Glueckman Millenium Fund - supports Jewish Summer Camps & Youth Group Trips, March of the Living, and Jewish Learning Programs in Israel.
3. Oxler-Farber Fund for Camp Ramah Scholarships - provides youth scholarships for campers at Camp Ramah.
4. Dr. Henry and Erna Rubinstein Holocaust Fund - finances Holocaust Studies and essay contests among religious school children.
5. Dr. Arnold and Pearl Schosheim Fund - provides youth scholarships, particularly March of the Living.
6. Sisterhood Judaica Shop Youth Scholarship Fund - supports youth activities at B’nai Torah Congregation, particularly the Camp Ramah Darom Program.
7. Weiner/Rosenberg Scholarship Fund - provides scholarships for High School in Israel and the March of the Living.
8. Weinroth-Smolian Scholarship Fund for Youth Israel Education & Travel - scholarships to be awarded to children under 18 years of age to offset the cost of their education in and/or travel to the State of Israel.
9. Dr. David Wollowick Scholarship Fund - provides scholarships for USY on Wheels, March of the Living and Camp Ramah.
   
   
   

How do I create a new Endowment Fund in the B’nai Torah Foundation?

Endowment Funds can be created two ways. First, an Endowment Fund can be established with a gift of $50,000. The second way is to promise by will, insurance policy or other bequest to donate at least $50,000 to fund the named Endowment and promise to pay to B’nai Torah five percent (5%) of the promised Endowment amount on or before the first of July of each fiscal year to fund a specific program line or scholarship program of the Synagogue.

* Ner Tamid Society member

FOR MORE INFORMATION PLEASE CONTACT:

Mark Glickman, CFRE*, Foundation President
561-479-0497 
Email: MarkG1006@aol.com

Stephen R. Lippy, Treasurer
561-715-8986
Email: Stephenlippy@comcast.net

To make a donation click here
(printable PDF form)

To make a donation click here
(online form)