The Jewish Community Endowment Foundation of New Mexico (JCEFNM) is a community resource that helps you create and fulfill your philanthropic vision and sustain your values. The well-being of our community depends upon planning for and investing in the future.
Together we can shape the future of our Jewish community and beyond. What will your Jewish legacy be?
Tips On Charitable Giving
Year-end Charitable Giving Alert: Give Your IRA Distribution to JCEF While You Can!
by Grace Allison
If you are 70 ½ or older, it is not too late to consider a tax-savings charitable giving strategy set to expire on Tuesday, December 31.
As you know, distributions from your traditional IRA are generally taxed to you on receipt. Under the "charitable rollover" provisions, set to expire at year-end, direct distributions (up to $100,000), made from that IRA to charities such as the Jewish Community Endowment Foundation of New Mexico (a division of Jewish Federation of New Mexico), are not subject to tax. Under the law, "qualified charitable distributions" can be made to most public charities—but not to private foundations, not to supporting organizations and not to donor advised funds. There is no double-dipping, however. Because the "qualified charitable contribution" is not subject to tax, no income tax charitable deduction is available.
Gardenswartz Family Fund started with $1 million gift
Shirley Gardenswartz, wife of Harold Gardenswartz of blessed memory, made a significant gift to the Jewish Community Endowment Foundation of New Mexico in July. Her $1 million donation created the Gardenswartz Family Fund and helped kick off the Jewish Legacy Society of NM.
Harold and Shirley Gardenswartz came to Albuquerque in 1939 from Denver. Harold opened H. Cook Sporting Goods, which he sold in 1969 to Zale Corporation. In addition to Harold's involvement in the business community, both Harold and Shirley were active members of the Jewish community and Congregation B'nai Israel. Harold served as president of the Jewish Federation, and Shirley was an active member of Hadassah.
News & Events
Jewish Legacy Society Kicks off with $4.5 million in Planned Gift Commitments
On February 28th, more than fifty people gathered at Albuquerque's Hotel Andaluz to celebrate the launch of the Jewish Legacy Society of New Mexico and the announcement of $4.5 million in planned gift commitments.
Yuki Shimano Receives Scholarship
Yuki Shimano is the 2013 recipient of the $1,000 scholarship grant from the Neil Isbin Fund at the Jewish Community Endowment Foundation of New Mexico.
2012 Annual Report
The 2012 JCEFNM annual report is now available for viewing
Apply Now for $1,000 College Scholarship
Albuquerque high school seniors who have demonstrated achievements in human rights and human dignity and are enrolling in an accredited college or university this summer or fall are eligible to apply for the $1,000 Neil Isbin Scholarship. Deadline is May 1, 2014.