VOL. 22 NO. 1 • SPRING 2012 • 5772

When donors ponder and plan their philanthropiclegacy, they often wrestle with a variety of

options. One particular charitable instrument thatresults in continuing impact in the community hasbeen the creation of an endowment. During the pastthree years (2009-2011), the Foundation has received$25 million in new endowments, and it currentlymanages some 200 endowments valued at $246 million.In 2011 alone, The Foundation realized $9 million fromendowments established by Alex Kushner, StevenWallace, Sydney and Constance Dunitz, andRaymond and Shirley Kornfeld.

This trend is due, in large part, to the fact thatdonors are confident The Foundation will manage anendowment according to their wishes. Donors’ wishesand motivations for founding endowments are personaland diverse. Certain donors turn to The Foundationbecause they recognize it will be able to skillfullyassess and respond to future community needs withthe resources they have provided. Another constant is The Foundation’s ability to dutifully manage andfulfill their creators’ specific wishes. Equally important,Foundation staff can work alongside donors to assesstheir options in establishing endowments that willreflect their values in perpetuity.

Alternatively, others create endowments to benefita breadth of worthy organizations which also reflectthe next generation’s charitable interests and preferences.And, in that same vein, seeding an endowment canensure continuing family involvement in the process.

Take the case of Werner and Ellen Lange, whosecommitment to building a life together after escapingNazi Germany spawned a substantial financial resourcefor the Jewish community that will have a profoundand lasting impact.

Their legacy is embodied in The Werner and EllenLange Endowment Fund, which has distributed some$500,000 to $750,000 each year to various causessince its creation in 2003. One-third of the annual

How do I want to beremembered? What will ourlegacy be? How can the programs and institutionsabout which I care deeplybenefit in perpetuity?

At one time or anothernearly everyone, certainlythe dedicated philanthro-pists among us, have askedthese or similar rhetoricalquestions. In the adjacentarticle, we take a look at

several donors, of blessed memory, who ensuredtheir legacies—not to mention support for issuesand organizations to which they held fast andcared deeply—would endure by establishingendowments with us at the Jewish CommunityFoundation. As you will read, each had differentmotivations for their endowments. The constant,however, is The Foundation and these donors’unwavering confidence that we would fulfill theirvaried intentions over the long term.

The mechanics of endowments and how theywork are not magic. As a charitable-gift instrument,endowments date back nearly 200 years, with the earliest tracing to Boston in the 1830s. The truly breathtaking elements of endowments come after—in the form of the good works they facilitate—and perpetuate for generations beyond.

And as this meaningful difference is beingmade—again and again and again through the

Continued on back page

Marvin I. SchotlandPRESIDENT & CEO, JEWISH COMMUNITY FOUNDATION

F ROM THE D E SK O F

Continued on page 2

Building a Permanent CommunityLegacy Through Endowments

Printed with vegetable based inks on recycled paper/30% post-consumer recovered fiber.

The generosity of many Foundationdonors continues in perpetuitythrough endowment funds which support our community.

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Endowments can provide a measure of comfort that a charitable legacy will live on to enrich the lives offuture generations.

distributions support The Foundation’s annual LegacyGrants that seed new programs and projects in Los Angeles and two-thirds goes toward programs andprojects in Israel such as a college scholarship programfor Ethiopian Israelis, technological instruction forunderserved high school students and Passover foodprograms for the needy.

Other than guidelines regarding the proportions ofhow their fund’s earnings were to be divided, the Langesdid not make any specific requests about distributions.They expressed confidence in The Foundation’s ability to make judgments about the programs or projects thatwould have the most impact at any given time.

ENDOW ING THE FU TUR E

A Glance At What’s Inside:

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1-3ENDOWING THE FUTURE

NEWS AND INFORMATION FOR DONORS AND FRIENDS OF THE JEWISH COMMUNITY FOUNDATION

LEAVING A LEGACY: HARRY & BELLE KRUPNICK 7

GENERAL COMMUNITY GRANTS 4

ENDOW ING THE FU TUR E2

On the other end of the spectrum is an endowment whose primaryfocus is on supporting the arts and education-related causes, reflectingthe wishes of its creators, the Krupnicks. Since its creation in 2002, theHarry and Belle Krupnick Endowment Fund has provided grantsto establish the Krupnick Media Arts Center at Los Angeles ValleyCommunity College, to underwrite Zeitgeist, an acclaimed internationalJewish arts festival at the Skirball Cultural Center and the award-winningPBS miniseries, The Jewish Americans. (See related story, p. 7.)

The Krupnicks’ devotion to the arts reflects just one facet of the far-reaching scope of endowments established at The Foundation. Othercauses funded with family endowments administered by The Foundationrange from orphanages in Israel to food banks in Los Angeles, and fromeducational programs for homeless and at-risk youth to medical careand shelter for underserved children and families.

These are substantial legacies, to be sure. While many assume thatendowments are solely for the super-wealthy, a surprisingly high numberare created by caring individuals and families who simply want to dotheir part to make the world a better place.

Center for Designed Philanthropy Can HelpFrequently, donors are interested in establishing an endowment, but

lack specific objectives for their gifts or are unsure which causes orcharities to support.

Donors are often interested in establishing an endowment, but lackspecific objectives for their gifts. “Donors who are interested in estab-lishing an endowment fund may benefit from partnering with theCenter for Designed Philanthropy,” explains Amelia Xann, vicepresident of the Center. “An endowment is a wonderful vehicle that canassist donors in achieving very specific philanthropic goals, both duringtheir lifetime and in perpetuity. The Center can assist an individual or afamily in articulating with clarity the purpose of their endowment so asto ensure their values and interests are represented accurately now and for the benefit of generations to come.” (See p.6 for more about theCenter’s work with endowments.)

Foundation donor Berton Kirshner, who passed away last year, evidently agreed. He and his late wife Barbara established an endow-ment with the Foundation to perpetually fund four of their favoritecharities: Cedars-Sinai Medical Center, Vista del Mar Child and FamilyServices, Jewish Big Brothers Big Sisters and the United Jewish Fund.

“Working with The Foundation and its Center was a very positiveexperience for my wife and me,” he commented some years ago. “TheFoundation’s staff guided us through all the different options. When mywife passed away, it meant even more to me that we had jointly createdthis endowment fund, as it will now stand as a permanent memorial toBarbara and the commitment we shared to giving back to our commu-nity.” It now serves as a lasting memorial to both Barbara and Berton.

Legacy planning can be rather overwhelming, given the vast numberof charitable organizations and causes to consider and different optionsfor structuring funds. The Center can evaluate current and anticipatedlocal needs, as well as the nonprofits that have the capacity and missionto meet those needs. Even more importantly, the Center helps funderspinpoint the values they want their charitable choices to reflect andwhat they want to be remembered for most.

For the late comedy writer and director Mickey Ross, the directionof his planned giving was very clear. He strongly wanted to supportnonprofits that provide the basics of life: food, shelter, medical care andeducation for needy Southern California residents.

After Ross bequeathed $12 million to fund the Mickey and IreneRoss Endowment, The Foundation began to pinpoint worthy organi-zations that meet his specific criteria. In 2011, the endowment made its

Ellen & Werner Lange, of blessed memory.

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The Werner and Ellen Lange Endowment Fund

Distributions support The Foundation’s annualLegacy Grants that seed numerous programsin Los Angeles and Israel:

■ A college scholarship program for Ethiopian Israelis

■ Technological instruction for underserved high school students

■ Passover food programs for the needy

Barbara & Berton Kirshner, of blessed memory.

The Berton and Barbara Kirshner Endowment Fund

Distributions support: ■ Cedars-Sinai Medical Center■ Vista del Mar Child and Family Services■ Jewish Big Brothers Big Sisters■ United Jewish Fund

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$25 Million in New EndowmentsOver the Past 3 Years

200 Total Endowment Funds

$246 Million in Endowment Assets

N O T A B L E F A C T S

An endowment is a wonderful vehicle that can assist donors inachieving very specific philanthropicgoals, both during their lifetime andin perpetuity.”

— Amelia Xann, Vice President,Center for Designed Philanthropy

Among the many programs supported by the Lange Endowment is ascholarship support and job placement program for Ethiopian Israelis atOno Academic College in Israel.

Vista del Mar provides comprehensive, family-centered social, educational,and behavioral health services to children, adolescents and families, andreceives funding from the Kirshner Endowment.

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first series of grants totaling $350,000 which were distributed to nineoutstanding organizations: Homeboy Industries, Jewish FamilyServices of Los Angeles, Jewish Home for the Aging, JewishVocational Services, Los Angeles Regional Food Bank, HarmonyProject, Homeless Not Toothless, Imagine LA, and MEND(Meet Each Need with Dignity). The Foundation will continuemaking grants every year to organizations best able to fulfill Mickey’swishes and to memorialize the Rosses.

Making the Process a Family AffairFor other donors, determining the goals for an endowment is a

family decision, with parents and children all having a say. The processhelps connect future generations with the causes that are deemed mostimportant to the entire family. In the case of Sydney and ConstanceDunitz, the goal was to support a variety of organizations that reflectedthe couple’s longtime commitment to education, medicine and the Jewishcommunity. They designated 50 percent of their assets to the JohnWayne Cancer Institute, Stephen S. Wise Temple and HarvardUniversity Law School. The balance went to an endowment fundadministered by The Foundation to perpetually support a number ofother organizations, including two of their daughters’ favorite charities,The Nature Conservancy and the Anti-Defamation League.

Louis Factor and his wife Doris were part of the legendary MaxFactor family that has given back to Southern California’s Jewish community and the community at large for four generations. Louis and Doris were both passionate philanthropists who tirelessly devotedtheir lives to support causes in which they believed deeply.

In the decade prior to her passing, contemplating her life and legacy, Doris engaged in a series of conversations with The Foundation which culminated upon her death in 2004 in the establishment of theDoris Factor Endowment Fund. The multi-million-dollar endow-ment provides support to the same concerns that Doris energetically volunteered and financially supported throughout her life, includingCedars-Sinai Medical Center and Jewish Home for the Aging toname just a few.

Similarly, the Factor family represents multi-generational philanthropyat its best. Equally important to Doris Factor was that her children,Jerry Factor and Sharon Glaser, pick up the “charitable torch” andplay pivotal roles perpetuating their family’s philanthropic interests. And,in that same spirit of l’dor v’dor which characterizes Factor philanthropy,Jerry and Sharon are now facilitating the transition of their mother’sendowment fund to their own children.

“The endowment created by Doris Factor ensures that the generosityand commitment that defined her life endures in perpetuity by her children and grandchildren,” says Foundation President and CEO Marvin I. Schotland. “Her wide range of interests—from medicalresearch, healthcare and the elderly to the arts—continue to benefit as aresult of this permanent testament. At The Foundation, we strive to act as diligent stewards of her wishes and intent, faithfully ensuring that herlegacy endures.”

Endowments can provide a measure of comfort that a charitable legacy will live on to enrich the lives of future generations. For furtherinformation about the range of endowments offered by The Foundationand for consultation on establishing a legacy to fulfill specific wishesand interests, donors and their advisors may contact Dan Rothblatt, senior vice president of philanthropic services, Baruch Littman, vicepresident of development, or Elliot Kristal, vice president of charitablegift planning at (323) 761-8704.

ENDOW ING THE FU TUR E

The endowment created by Doris Factorensures that the generosity andcommitment that defined her lifeendures in perpetuity by her childrenand grandchildren.”

— Marvin I. Schotland, Foundation President & CEO

Sydney, of blessed memory, and Constance Dunitz.

Sydney and Constance Dunitz Endowment Fund

Distributions support:■ John Wayne Cancer Institute■ Stephen S. Wise Temple■ Harvard Law School■ The Nature Conservancy■ Anti-Defamation League

▲

The Mickey and Irene Ross Endowment Fund

Distributions support nonprofits providing food,shelter, medical care and education, including:

■ Homeboy Industries■ Jewish Family Services■ Jewish Home for the Aging■ Jewish Vocational Services■ L.A. Regional Food Bank■ MEND (Meet Each Need with Dignity)

Mickey Ross, of blessed memory.▲

The Doris Factor Endowment Fund

Distributions support:■ Cedars-Sinai Medical Center■ Jewish Home for the Aging■ Sourasky Medical Center Israel

Doris Factor, of blessed memory.▲

MEND is the largest poverty agency serving thousands of the neediestfamilies in the San Fernando Valley per month and is a grantee of theRoss Endowment Fund.

Funding from the Dunitz Endowment helps the Nature Conservancyprotect ecologically important lands and waters around the world.

The Doris Factor Endowment funds important initiatives at Cedars-Sinai Medical Center, including genetics research.

4 2011 G ENERA L COMMUN I T Y GRANT S

$200,000 In Community Grants For Veterans and Financial Literacy ProgramsEleven Community-Based Organizations Receive Awards

Five organizations received grants for their programs that support easing the transition of Afghanistan-Iraq war veterans back into society. These

include programs that train professionals, parents and caregivers on the impactof deployment and reintegration on families, assist war veterans in their pursuitof higher education, and provide services for homeless male and female veter-ans, among other critical programs. “With tens of thousands of Afghanistanand Iraq war veterans returning home, The Foundation believed it was vitallyimportant to focus several of our General Community Grants on alleviatingthe difficulties these dedicated soldiers face in reintegrating into society,” statedFoundation president and CEO Marvin I. Schotland.

The Foundation also awarded grants to six organizations that provide jobtraining, basic banking, money management and life skills to Los Angelesteenagers, newly literate adults, homeless young people, young women inneed and teaching professionals. Stated Girls and Gangs executive directorand CEO Dawn Brown, “Twenty percent of our girls are pregnant or parenting, 40 percent are victims of sex trafficking, 45 percent are involved infoster care, and 100 percent have been involved in the juvenile justice systemor impacted by gang life and poverty. It is crucial that they acquire skills thatwill help them to break the cycle of abuse and poverty in their lives, and forfuture generations. The Jewish Community Foundation’s support will greatlyimpact the lives of over 300 girls in Los Angeles, ages 12 to 18, who are oftenignored and forgotten.”

Boys and Girls Club of Burbank & the Greater East Valley for Money Matters & Career LaunchGrant Purpose: Provide more than 250 youth with basicmoney management training and more than 80 youth withjob training classes to help them learn to be financially self-sufficient and explore potential job opportunities.Award: $15,000 ■ www.bgcburbank.org

California Council on Economic Education for MoneyWise TeenGrant Purpose: Train 80 LAUSD teachers, who reachmore than 12,000 students, in how to teach money management skills so that students make responsiblefinancial decisions.Award: $15,000 ■ www.ccee.org

Centro Latino for Literacy for ListosGrant Purpose: Teach practical financial skills in Spanish to Latino adults who have basic reading and writing skills.Award: $20,000 ■ www.centrolatinoliteracy.org

Girls & Gangs for Moving ForwardGrant Purpose: Teach life skills for healthy decision-making, independence, and self-sufficiency to more than 50 girls involved with the juvenile justice system.Award: $20,000 ■ www.girlsandgangs.org

New Economics for Women for Smart ConsumerGrant Purpose: Teach financial education to over250 women to increase their economic security andbuild assets over the long term.Award: $20,000 ■ www.neweconomicsforwomen.org

Operation Gratitude for Wounded Warrior Care Package ProgramGrant Purpose: Assemble care packages for over 1,500 injured war veterans in all military branches.Award: $20,000 ■ www.operationgratitude.com

The Soldiers Project for Adopt-A-CollegeGrant Purpose: Provide 30 volunteer therapists with a series of 4 training workshops, 200 college faculty and administrators with in-service seminarsand workshops, and 500 veterans with counselingand support groups to help them return to college.Award: $20,000 ■ www.thesoldiersproject.org

United States Veterans Initiative for Outside the WireGrant Purpose: Provide 20 veterans at community colleges and 100 service members at the Joint Forces Training Base who suffer from mentalhealth related issues such as Post Traumatic StressDisorder and depression with direct counselingand support.Award: $20,000 ■ www.usvetsinc.org

Zero To Three for Military Families ProgramGrant Purpose: Train 45 professionals who will then train other professionals, parents and caregivers on the impact of deployment and reintegration on young children.Award: $20,000 ■ www.zerotothree.org

Jovenes for Financial Literacy WorkshopsGrant Purpose: Teach financial education to 90 homeless youth so they can manage their finances to maintainindependent living, healthy decision-making, and permanent housing.Award: $10,000 ■ www.jovenesinc.org

New Directions, Inc. for Operation Welcome HomeGrant Purpose: Provide 50 Afghanistan and Iraq war veterans sufferingfrom diseases such as Post Traumatic Stress Disorder (PTSD)or Traumatic Brain Injury (TBI) combined with substance abuse with services that include case management, legal assistance, job training, family reunification, housing assistance and therapeutic support.Award: $20,000 ■ www.newdirectionsinc.org

Care packages lift the morale of our military heroes and are an expression to all troops of our appreciation and support.

5WELCOME N EW T RUS T E E S

Melanie Bialis is the founder and CEO of Boxcar Capital Management. She has over 14 years of experience in the hedge fund industry and over 10 years of experience as a portfolio manager, investing primarily in commoditiesfutures and options. Prior to launching Boxcar Capital Management LLC, Ms. Bialis was a portfolio manager of managed accounts for family offices and high net worth individuals, and was an equities analyst for Oracle Partners, a hedge fund with assets under management of approximately $1 billion.Melanie has served as a delegate for the Women’s Forum For The Economy & Society, has worked actively in education with both Student Sponsor Partners and as a member of the Professional Circle of Communities in Schools, and is a member of the Milken Young LeadersCircle. Ms. Bialis received a B.A. in psychology from New York University.

Melanie Bialis

Lynn Bider

We welcome the following four new trustees to our 2012 Board, each bringing experience in diverse areas and a proven dedicationto charitable giving. We look forward to having these esteemed individuals join us as we continue to meet the needs of Los AngelesJewish philanthropists and support meaningful initiatives.

Lisa Greer

I have been particularly impressed with The Foundation’s staff, grantmaking and programs. I have served a prior term on the Board of Trustees and am excited to serve again. I hope to continuein its tradition of excellence.” — Lynn Bider

Lynn Bider is the Sylvia Weisz Women’s Campaign Chair at the Jewish Federation of Los Angeles. She is the past president ofStephen S. Wise Temple and since 1998, she has served on the Board of Trustees and Executive Committee, and as officer in charge of their gala. Ms. Bider also serves on the Beit T’Shuvah Board of Directors and has served as an officer. Lynnreceived her bachelor’s degree in psychology from UCLA and her education degree from USC. She and her husband, Les,have been married for over 30 years, reside in Beverly Hills, and have two children and two grandchildren.

I have enjoyed working with The Foundation leadership to organize and manage my philanthropic activities and deepen my impact. I hope to build on these relationships, and look forward to exchanging insights as a member of the Board of Trustees.” — Lisa Greer

Peter Weil

I am eager to see first-hand how The Foundation makes a difference in our community and how I can contribute to The Foundation’s efforts.” — Peter Weil

Peter Weil is managing partner of the law firm of Glaser Weil Fink Jacobs Howard Avchen & Shapiro LLP and a senior partnerin the Business Department. Mr. Weil has held leadership positions in prominent civic organizations, including president of the Cityof Los Angeles Planning Commission, chairman of the City of Los Angeles Board of Zoning Appeals, and member of theCity of Los Angeles Board of Airport Commissioners. Mr. Weil currently serves as vice chair of the Board of Trustees of theSkirball Cultural Center and is a former president of the Los Angeles Chapter of the American Jewish Committee.

Impressed by the diversity and depth of the board members’ experience, theirdedication to The Foundation, and a shared philosophy of giving back, I feltinspired to become a more involved member of this community.” — Melanie Bialis

Lisa Greer, an active philanthropist and volunteer, spent most of her career in executive leadership roles with both corporations and start-up businesses. She was the founder of Beverly Hills Egg Donation, which has helped peoplethroughout the world become parents through the power of cutting-edge, assisted reproductive technology. Previously, Ms. Greer founded and served as managing partner of Media Venture Advisors, a management consulting and strategicadvisory firm specializing in digital media and entertainment ventures. Previously, Lisa oversaw the development of the online and related business divisions at NBC, Universal Studios, and Spencer Gifts, as well as launched pioneering ventures into music webcasting. Lisa is a member of the Executive Board of Temple Emanuel of Beverly Hills, and hasserved as a board member of the LA District Attorney’s Crime Prevention Foundation and Digital Coast Roundtable,among others. Lisa and her husband, Joshua, recently endowed the first-ever chair in IBD Genetics at Cedars-SinaiHospital, and they are active donors to many organizations. Lisa holds a bachelor’s degree from UCLA and an MBA from Pepperdine University. She lives in Beverly Hills with her husband and five children.

Introducing Our Newest Trustees

6 DE S IGN ING PH I LANTHROP I C SO LU T IONS FOR YOU

W hen The Foundation created its Center for Designed Philanthropy last year, it brought structure to the variety of

innovative services previously offered to donors on a less-formalizedbasis. For those donors wishing to create an endowment, the Center isprepared to help facilitate the process.

As vice president of the Center for Designed Philanthropy, AmeliaXann has said that establishing an endowment brings clarity and focusto an individual’s or a family’s philanthropic endeavors. According toXann, this process can happen speedily or may evolve over a period ofmonths or even years.

Working closely with Foundation donors—such as Harry and BelleKrupnick, featured on the opposite page—the Center helped them create an enduring legacy that reflects who they are, and ultimately

Center for Designed PhilanthropyFacilitates the Process of Establishing Endowments

(L-R) Dan Rothblatt, Senior Vice President, Philanthropic Services; Baruch S. Littman, Vice President, Development; and Elliot B. Kristal, Vice President, Charitable Gift Planning. ▲

For philanthropists contemplating how to best establish a permanent legacy that will have lasting impact beyond their lifetimes, endow-

ments represent a powerful option. Here’s a snapshot of how they arestructured: An endowed fund reflects the bequest of a sum of money by a donor for specific charitable purposes or to support designatedinstitutions. The principal of the endowment remains intact in perpetuity,while its earnings from investment returns are routinely distributed in support of worthy earmarked nonprofit programs and institutions.

The Foundation’s development professionals are available to explainthe mechanics and advantages of its various funds, working alongsidedonors and their professional advisors to best meet philanthropic, financial and estate planning goals.

Among these specifics, endowments held and managed by TheFoundation can be either restricted or unrestricted. Restricted meansthat a donor limits the endowment gift to specific causes or an area of interest. An unrestricted endowment allows the gift to go to TheFoundation’s Permanent Legacy Fund that becomes part of a large pool used to fund ongoing grants to both the Jewish and the generalcommunity.

TH E D EV E LOPMENT P E R S P E C T I V E

Considering Whether an Endowment FundIs Right for You

Unrestricted gifts are key resources for the community, as these fundscontinue to provide support no matter how needs evolve in the future.When the gift is unrestricted, The Foundation can use its expertise toselect and fund nonprofit organizations that will deliver the greatestimpact, especially those within The Foundation’s priority areas.

Whatever type of endowment fund at The Foundation a donor ultimately chooses, the benefits are multifold. “Endowment funds lastmany years beyond a donor’s lifetime to provide ongoing communitysupport,” explains Dan Rothblatt, The Foundation’s senior vice presidentof philanthropic services.“Additionally, The Foundation ensures that thefull philanthropic intentions of endowment donors are realized—nowand into the future. Furthermore, our strong, stable base of managedcharitable assets—currently $732 million—and our investment acumenmake The Foundation trusted stewards of innumerable legacies.”

While many assume that endowments are solely for the super-wealthy, a surprisinglyhigh number are created by caring individuals and families who simply want to do their part to make the world a better place.

results in greater personal satisfaction. The Center’s professional staffassists donors in delving into their personal areas of interest and learningabout relevant funding opportunities, whether in the arts, healthcare,social services or other areas. Frequently, they facilitate meetings of multiple family members to address intergenerational issues related togiving. In addition, on-site visits to vetted nonprofits are often arrangedso donors can meet personnel and see first-hand how organizationsoperate.

If designing or just exploring an endowment is in your future, consider contacting The Foundation for a consultation with the Center for Designed Philanthropy.

Endowment funds last many yearsbeyond a donor’s lifetime to provideongoing community support.”

— Dan Rothblatt, Senior Vice President, Philanthropic Services

Amelia Xann, Vice President, Center for Designed Philanthropy.

Endowment Reflects Philanthropic Passionsof Namesake DonorsDonor Profile:Harry & Belle Krupnick

7L EAV ING A L EGACY

Most aspiring TV and film production students at Los Angeles Valley College’s Krupnick Media Arts Center have probably

never heard of the facility’s eponymous benefactors, the late philanthro-pists Harry and Belle Krupnick. Yet they gain invaluable real-worldskills there. “The new TV broadcast studio, in contrast to the old studiosetup, is equivalent to the transition from a bicycle to your first car,”said broadcasting student and assistant Nathan Martin. “The new studio is industry-standard and a magnificent learning tool.”

The named gift to Valley College—the most recent of severalnotable arts-specific grants—is in keeping with the mission and areas-of-interest focus of the Harry and Belle Krupnick EndowmentFund established in their memories at The Foundation.

Since 2002, in addition to the Media Arts Center, the KrupnickEndowment Fund has provided grants to help underwrite the award-winning PBS miniseries, The Jewish Americans, and Zeitgeist, anacclaimed international Jewish arts festival at the Skirball CulturalCenter. The 2003 festival, the first of its kind in the United States, featured contemporary music, theater, dance, lectures and film by talented and courageous performers from across Europe.

Both Krupnicks, Harry and Belle, were deeply devoted to supporting L.A. Valley College, their local community, Jewish heritage,education and the arts. They moved to Los Angeles in 1952 and operated a highly successful brokerage and property-management firmin the San Fernando Valley. The couple became immersed in nurturingand developing their community. They worked closely with staff of The Foundation to establish their endowment. By the time of Harry’sdeath in 1999, he had already contributed more than $1 million to support the arts and education for individuals, ranging from teenagersto seniors.

“They loved music and wanted others to experience the great joy they received from the performing arts,” remembers EdithRoselinsky, Harry Krupnick’s cousin and trustee of his estate, explaining how the grant to create Zeitgeist, in particular, directlyreflected the couple’s lifelong passions.

“After they passed away, our family fulfilled their wish to create apermanent endowment fund in their name at The Foundation. Whilethey never had children, they shared a passion for helping young peoplegrow and learn, supporting scholarships and training programs. We feelconfident that Harry and Belle’s amazing legacy will be carried forwardthrough the Krupnick Endowment Fund. The process is dynamic andvery exciting— just the way they would have liked it.”

As additional funding opportunities arise, The Foundation will continue to make grants from the Krupnick Endowment Fund in thecouple’s designated fields of interest.

Harry and Belle Krupnick, of blessed memory,established an endowment to support arts andeducation in the community.

▲

We feel confident that Harry and Belle’s amazing legacy will be carried forward through the Krupnick EndowmentFund. The process is dynamic and veryexciting—just the way they would have liked it.”

— Edith Roselinsky, Harry Krupnick’s cousinand trustee of his estate

The Krupnicks’ support hasmade possible numerous programsin arts and education including(L to R) Skirball CulturalCenter’s very popular Zeitgist:The Harry and Belle KrupnickInternational Jewish ArtsFestival; the Krupnick MediaArts Center at Los AngelesValley College; and “The JewishAmericans” television series produced by the Jewish TelevisionNetwork that aired nationally on PBS.

endowments’ grants—it is tacitly reinforcing and carrying onwhat was important in the creators’ lives and how they chose to beremembered. In establishing something permanent to leave to thecommunity, these generous benefactors continue to make an indelibleimprint on the same institutions and initiatives that were importantin their lifetimes. Such was the case with Doris Factor, whoseeponymous endowment sustains causes she vigorously worked forand supported in her lifetime, and continues to engage her family’ssustained participation.

The heirs of Harry and Belle Krupnick, on the other hand,viewed The Foundation as a perfect solution for honoring the latecouple’s devotion to the arts and stoking those same passions inyouth through education initiatives. The Foundation has, in effect,become the “eyes, ears, heart and soul” for the Krupnicks’ philan-thropic intentions. What a dynamic legacy it has already become,with grants from their endowment providing cornerstone fundingfor programs ranging from an arts festival at the Skirball CulturalCenter to an acclaimed PBS miniseries to the media center namedin Harry and Belle’s honor at Los Angeles Valley College.

The Krupnicks had very specific intentions on how their philanthropy would continue to positively support the community.By contrast, another couple, Werner and Ellen Lange, placedimplicit faith in The Foundation to serve as stewards for their legacy,now embodied in an endowed fund named for them. The Wernerand Ellen Lange Endowment Fund distributes between $500,000and $750,000 annually to seed promising Jewish causes locally and provide support for programs in Israel. The self-made Langes, wholived humbly while building together a prosperous optical-equipmententerprise, would surely take immense pride in their endowment’simpact. It reflects who they were—compassionate and generousindividuals wanting to make a difference—in a meaningful ongoingway.

What more important testament can someone leave? How muchmore inspiring a way to be remembered? What greater means forsustaining the causes you embrace in life? These are legacies that will indeed continue to burn brightly for many, many years to come.

6505 Wilshire Boulevard, Suite 1200Los Angeles, CA 90048

NONPROFITORGANIZATIONUS POSTAGE

PA IDLOS ANGELES, CAPERMIT NO. 1805

From the Desk of Marvin I. Schotland Continued from page 1

ChairLorin M. Fife

President and CEOMarvin I. Schotland

Vice PresidentsKenneth A. AugustLeah M. BishopAnthony ChaninMax Factor, IIIWilliam R. FeilerBertrand I. GinsbergHarold J. MasorScott H. RichlandAlan Stern

Senior Vice President, Philanthropic ServicesDan Rothblatt

CFO/Senior Vice President, Finance & AdministrationMichael J. Januzik

Vice President, Charitable Gift PlanningElliot B. Kristal

Vice President, DevelopmentBaruch S. Littman

Vice President,Center for Designed PhilanthropyAmelia Xann

SecretarySelwyn Gerber

TreasurerLawrence Rauch

©2012 Jewish Community Foundation. No portion of this publication may be reproduced

or used without permission.

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Legacy is published to provide news and information

about The Foundationto donors and friends.

TEL. (323) 761-8700FAX (323) 761-8720

TOLL-FREE (877) ENDOW-NOW(877-363-6966)

www.jewishfoundationla.org

Please send your comments and suggestions to the editor.

Editor: Lewis GronerManaging Editor:Bonnie Samotin Zev

Design: Maxine Mueller

Printed with vegetable based inks on recycled paper/30% post-consumer recovered fiber.

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IN TH I S I S SU E

– Endowing the Future

– General Community Grants

– Welcome New Trustees

– Designing Your Philanthropy

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VOLUME 22NO. 1SPRING2012

Learn how designed philanthropycan make your giving more

meaningful and more impactful.

www.jewishfoundationla.org/center