SERVING NEBRASKA, IOWA Vol. UN No. 16
Omaha, Neb., FrI., December 16,1983
Howard Kaslow named Federation president
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The American Way Greg Koainovsky, the Ourke High School student who recently won the Exchange Club, of Omaha'* essay contest on The American Way, poses with his Knglish teacher, Joan llobart, and Burke Principal Dr. Edward Kllma before leaving for New York to appear lost Tuesday on the Good Morning, America, television thaw. Gr«f emigrated to Omaha from Minsk, Russia, a few years ago with nla parent*, Mr. and Mrs. Joseph Kosinovsky, 12417 Hickory Road. His essay appear* on Page 2. Also, see Susie Fellman's column, page 11.
Mort (IIUM, chairman of the Nominating Committee, him announced that Howard J. Kimlow will be the recommended candidate for president of the-Jewish Federation of Omaha for the next two years. He succeeds I'niil O. Cohen whose term expires in January. Mr. Knslow is currently the first vice president of the Federutinn. AIMI recommended to serve as officers lire Mort Trnchlenhiiri! ;i» first vice president; »•< vice pruxidtnt Hubert (Jordman iinrl Dun liri.i;nl>eri;; an treasurer Hnimld (iliok and <!•> M'cretiiry Leslie (Cookie) Holternmn. The Nominating Committee, which conMMH of four Hoard rneinhers whose terms ilii not expire and t hree non-Donrd members of the Jewish Federation, in churned with recommending n shift- of officers and director* of the Hoard to the membership for approval at the- annual meeting which will he held on Jan. 8, 1981, nt 1:30 p.m. at the Jewish Community Center. Recommended to nerve OH director* of the Hoard are: Art Adler, Sandra Belgrade, Jane Brooks, Caul Epstein, Snnford Friedrruin, Nancy Hornstein, Phil Itkin, Mnrv I'olikov, liev Seldin, Isidore M. Tretiak, Hermene Zweiback. Serving with Mr. Glaus on the Nominnt-
Maximizing tax benefits with By Alan Goodman ' Federation controller For thow who have made pledges to the annual Federation Campaign, it in now time to take the steps to obtain your 1983 charitable income tax deduction. Campaign pledges can be converted into IRS allowable tax deduction* by: 1. Payment in cash or check before 12/31/83. 2. Transfer to Jewish Federation of stocks, corporate bond* or Israel Bond*. 3. Transfer to Federation of other real or personal property. 4. Charge to Mastercard or Visa.
The charitable deduction allowed under the Internal Revenue Regulations permit* an individual to deduct from income only those charitable contributions paid in cash or property before the end of the tax year, normally Dec. 31. An unpaid pledge is not a deduction. The contribution of traded common stocks or bond* is simple to arrange. The securities must be held The Jewish Commufor more than one year to nity Center has prepared ensure favorable tax consea two-page message dequences. The contribution scribing its programs, of appreciated long-term sebudget, and membership curities to the Federation opportunities. See paged has the multiple advantage 8-9. that the capital gains tax on the gain is avoided, and the charitable deduction is the full
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fair market value of the securities at the date of the contribution to the Federation.' The Federation can accept certain Israel Bonds in payment of campaign pledge*. The bonds must be at least two years old, and, if coupon bonds, must have attached all remaining coupons. The'Israel Bonds must be delivered to tho Federation Office* with upcclal endorsement forms attached, and signature* properly guaranteed. Under special circumstances, the Jewish Federation can accept Heal or Personal property in payment of pledges. There are special regulations of both the IRS and Federation Hoard concerning property transfer*. Anyone wonting to discuM this type of property transfer may contact Allan Greene or the writer in the Federation offices. The Jewish Federation will accept MasterCard or Visa in payment of pledges. The charge must be dated before Dec. 31 to be deducted in 19M. The Jewish Federation will cooperate with donors, whenever possible, to convert pledges to tax deductible contributions by liec, 31, 1983. A subsequent article will outline certain deferred-giving techniques.
Campaign goal: $1,850,000 A1984 Campaign goal for the Jewish Federation has been set at $1,850,000, it has been announced by Marcia Cohen and Martin Lehr. chairpersons for tho Women's and Men's Campaign for 1984. "I believe this goat is achievable," stated Mr. Lchr. "Last year's regular Campaign totaled $1,724,477 of which the Men's Campaign raised $1,395,145. The men's goal for 1084 will be 51,500.000." . . : "I believe this increase is a realistic expectation" said Mrs. Cohen. The Women's Campaign has accepted a goal of $350,000 for 1984. $328,332 wa» rained in 1D83.
Teen leaders maid Wendy Rosenblatt and Kevin Michael Saltzman have been named winners of the Jewish Teen Leadership VAward, a new honor established by the Jewish FedJ eratlon of Omaha. Presentations of tba award* will ' b e made at the Federation's annual meeting, Jan. 8 ' a t 12:30 p.m. in Ibe Jewish Community Center. /Wendy was nominated by tbe B'nal B'rltb Youth Organization a«d Kevin was nominated by tbe Temple Israel Youth Group.
An additional $211,691 waa raised in the 1983 Campaign for the Israel Special Fund. These funds will be forwarded in total to Israel through the United Jewish Appeal, they said.: (^ ' • -_ ' , The funds raised in the Regular Campaign comprise the major source of tho funds budgeted by the Federation for local and overseas* needs; The approved budget for 1984 is $2,061,602. The balance of the budget deficit is funded from United Way, investments, endowments and reserves when necessary.
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lioward Kaslow ing Committee were: Edward Belgrade, Howard Epstein, Eileen Erman, Barbara Simon Goldstein, Susy Shykcn, Mimi Waldbaum. , Biographies and photos of the nominees will be published later this month.
Trustees added to Foundation
Mort Trachtehbarg, chairman of the Federation Foundation hax announced the following appointments as trustees'for the Foundation: Jane Brooks, David Friedland, Joseph Kirshenbaum, Murray Newman, Marvin Polikov, Isidore M. Tretiak and Mimi Waldbaum. According to Mr. Trachtenbarg there remain four vocancieH on the Board. "I encourage members of the community to call me with additional recommendations," he stated. The next Ktcp in the process of developing the Federation Foundation is the employment of a director of Endowment Development. Mr. Trachtcnbarg noted thnt "thanks to the generosity of the Livingston Foundation we have sufficient funds to employ nomeone 20 hours a week. We are seeking an individual familiar with our community, who is well organized and has business savvy". Interested applicants should contact Allen Greene, executive vice president of the Federation.
Louis Somberg dies Dec. 11 Ixmis Somberg, founder and president of Natelson's Inc., a women's clothing store chain, died Dec. 11 at Methodist Hospital where he was admitted after a heart attack. He was 80. Services were conducted last Tuesday at Temple Israel with burial at Temple Israel cemetery. Mr. Somberg, an active community and business leader, had been elected a trustee of the Milton S, and Corinne N. Livingston Foundation, Inc. last October. Mr. Somberg also was on the board of the Mutual of Omaha ' Funds. He had served as president of many local civic groups including the Omaha Chamber of Commerce, the Board of Regents of the _ . LoulB University of Omaha, the Omaha Downtown Parking Association, Highland .Country Club, Associated Retailers of Omaha. ' Mr. Somberg also served as president of Temple Israel in the 1940s. Born in Elk Creek, Nebraska, Mr, Somberg moved to Omaha as a youngster and in 1925 founded Natclson's with his father-in-law, Abe Goldstein. The chain now includes 10 stores in the Omaha, and Lincoln area. Survivors include his wife, Rosaline; sons,- Ramon and Marlon, of Omaha; three sisters and six grandchildren. : Memorials may be sent to Temple Israel and the Heart Fund.