PRAYERS OF THE PUREPRARAR

YAYA

ERS OOF THE PUREPRAYERS OF THE PURE

Sukkot and theSecret of Happiness

Growing Communitiesin Latin America

Torah Scrolls Hidden in Iraq

William BarthmanJewelers to the Brooklyn Nets

The Jewish Impacton Civilization

What the 2012 ElectionMeans for Israel

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CONTENTSOCTOBER 2012

ARTS AND LEISURE

Holiday Word Search 226

BEAUTY

Take Care of Your Scalp 224

What Not To Do With Your Makeup 238By Sylvia Hamowy

BOOKS

The Jewish Impact on Civilization 98By Rabbi Ken Spiro

Briefcases and Baby Bottles 202

BROOKLYN

Help Beautify Kings Highway 62

Up and Coming Brooklyn Neighborhoods 68

CLASSIFIEDS 274

COMMUNITY

ANNOUNCEMENTS 282

COMMUNITY CALENDAR 284

COMMUNITY EVENTS

Honoring Morris Bailey 96

A Special Event for Chai Lifeline 114

A Trip to Atlantic City To Support ORT 240By Estelle V. Marcus

EDUCATION

Are School Vouchers the Answer 46By Moshe Sokolow

The Manhattan Sephardic Congregation 86

Rabbi Saul Kassin’s Visit to Strivright 158

Cutting Yeshivah Costs with Technology 246By Josh Lipowsky

EMPLOYMENT

Creating a Concise Resume 176By Barry Cohen

FILMS

Fill the Void 102

FINANCE

Captive Insurance Companies 104By Isaac Yedid and Raymond Zeitoune

Disability Insurance: Protect Your Future 112

The Price of Teen Car Insurance 174

New Year, New Approach to Investing 242By Mark Seruya

FOCUS ON

When the Patient Is a Child 64

By Rabbi Charles Rudansky

An Interview with Joseph Lichter, DDS 88By Randi Shomer

The Chateaux Steakhouse 134

HEALTH

Confronting America’s Obesity Epidemic 178

Strengthen Your Immune System 198

About Artifi cial Sweeteners 218By Esther Hornstein

Avoid Food Poisoning 220

Keep Your Workouts Fun and Safe 232

HOME

How to Spot an Antique 188

IN MEMORIAM

In Memory of My Father Albert Moghrabi 94

In Memory of My Dad, Sam Mizrahi 212By Kim Mizrahi Cohen

ISRAEL

Who Will Be Israel’s New Chief Rabbis? 54

Will Hezbollah Retaliate if Israel Attacks? 250

JEWISH COMMUNITIES

A Jewish Community in the Netherlands 120

The Jews of South Africa 124

JEWISH HISTORY

Recalling the Historic Agreement 116By Saul Kagan

LETTERS TO THE EDITOR 24

MARRIAGE

10 Questions to Ask Before Marriage 228By Rabbi Dov Heller

MIDDLE EAST

Endangered Torahs 162

NEW JERSEY

Making a Difference in Long Branch 170

NEWS

News from Around the World 192

PARENTING

Advice from Project SAFE Teachers 132

Boost Your Child’s Brain Power 234

POLITICS

Assemblyman Cymbrowitz Listens 150

PUBLISHER’’S LETTER 22

REAL ESTATE

How to Find a Great Tenant 206

RECIPES

A Sukkot Meal with a Thanksgiving Flair 34By Jamie Geller

The Mediterranean Diet 142

RELATIONSHIPS

Marriages are Made in Heaven 222By Dr. Ari Korenblit

RESTAURANT GUIDE 280

SINGLES EVENTS 275

SPORTS

The History of Sports in Brooklyn 80

TECHNOLOGY

Intel Builds High Tech Empire in Israel 140By David Rosenberg

Cyber Warfare 146

Mistakes Affecting Your Computer 214

TORAH CONTEST 254

TORAH MESSAGE

Parashat Hashavuah 38

Pirkei Avot 42

WRITER’’’S THOUGHTS

Kids Are Always Listening 44By Michoel Ambush

Letting My Daughter Go 216By Emuna Braverman

The Power of Conventions 236By Diane Paige

Departments 64When the Patient Is a Child

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THE PUBLISHER/EDITOR

Ben-Gurion MatsasEDITOR-IN-CHIEF

Rachelle Matsas

SNASNA

Se

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di

c National Alliance

- U S A -

Dear Readers,The first day of October is also the first day of Sukkot. In honor of this joyous holiday, Rabbi Joel

Padowitz wrote “Sukkot and the Secret of Happiness,” a thought-provoking article which explains that if you choose to take pleasure in what you have—you’ll be content.

This month we are celebrating the borough we call home with features about the very new and very exciting Barclays Center; up and coming Brooklyn neighborhoods; William Barthman Jewelers, the jewelers to the new Brooklyn Nets; the beautification of Kings Highway, and the history of sports in Brooklyn.

Last month, four young girls from our community proved that you don’t have to be an adult to make a difference. These 11 and 12 year old girls put together a successful Chinese Auction/bake sale for Chai Lifeline. Many philanthropic men and women took a bus ride to Atlantic City to raise money for ORT, an organization committed to strengthening Jewish communities through education. The UJA-Federation of New York held their Annual Sephardic Event in honor of Morris Bailey, who was given the Sephardic Leadership Award and residents of Long Branch, New Jersey, held an event to say thank you to the men and women of the municipality, who make the town run safely and smoothly.

A beautiful new Sefer Tehillim, “Prayers of the Pure–the Doueck Edition,” was presented to the youth of our community. The rabbis of our schools, in Brooklyn and Deal, have incorporated this Sefer Tehillim into their curriculum.

The presidential election is just one month away. It is your right as an American to vote, but before you do, be sure to see the movie 2016: Obama’s America. “Voting means empowerment,” said Assemblyman Steven Cymbrowitz. “Your vote sends a message to those you elect. You are stating, loud and clear, what issues are important to you.”

We have interesting articles about the growing Jewish communities in Latin America, a Jewish community in the Netherlands and the Jews of South Africa. Do you think Israel will attack Iran and, if so, will Hezbollah retaliate? We have important features that tackle these momentous questions. We also have features on strengthening your immune system, confronting America’s obesity epidemic, the Mediterranean diet, and how to avoid food poisoning. Mark Seruya believes that the new year is the perfect time for a new approach to investing and Rabbi Dov Heller provides the 10 questions everyone should ask before considering marriage. Enjoy!

Ben-Gurion and Rachelle Matsas

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W ith the New Year upon us, we make conscious efforts to better our-selves, our community,

and our world. Why not better our approach to wealth management as well?

Wealth management requires a methodical, long-term strategy, and can also incorporate charitable giv-ing—admirable at any time of year. Such a plan can be very rewarding, both from a tax liability and invest-ment standpoint, as well as an emo-tional one.

When strategically executed, financial charitable giving can not only help a designated cause but can also generate personal tax benefits and advance your overall

wealth management plan. There are many tools that will help accomplish this goal:

A Private Family Foundation: This can be the basis of long term charitable giving, although there are considerable legal issues to con-sider.

Charitable Remainder Trusts: People can donate to a worthy ben-eficiary as well as potentially defer capital gains and income taxes at the same time. Charitable remain-der trusts allow for donors to receive an income stream for a fixed period or lifetime, at the end of which remaining funds are distributed to a designated charity(ies). There are a

variety of other types of trusts wor-thy of consideration and discussion with your legal, tax, and financial advisors.

Gift Annuities: This is a con-tract between a donor and a charity, whereby the donor transfers cash or property to the charity in exchange for a partial tax deduction and a life-time stream of annual income from the charity. When the donor dies, the charity keeps the remainder of the gift. The amount of the income stream is often determined by pay-out rates defined by the American Council on Gift Annuities as well as other factors, including the donor’s age and the policy of the charity.

F I N A N C E

Mark Seruya

Continued on page 244

New Year, New Approach to

INVESTINGINVESTINGINVESTING

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Pooled Income Funds: A pooled income fund allows you to do three things: 1) ensure a life-time income, 2) claim a current tax deduction and 3) make a future gift to charity.

A pooled income fund is a type of mutual fund comprised of gifts that are pooled and invested togeth-er. Income from the fund is distrib-uted to both the fund’s participants and named beneficiaries according to their share of the fund. If you are a donor to the fund, you and the other income recipients you choose receive quarterly payments for life, and upon your death the value of the assets will be transferred to the beneficiaries.

Life Insurance Policies: These can actually replace estate and gift tax liabilities, providing a significant benefit at a comparably lower cost. The proceeds from these policies

are typically income tax free for the beneficiary.

Donor Advised Funds: Easy to establish, low cost, and flexible, these funds are a good way to engage in giving. A donor advised fund (DAF) is administered by a pub-lic charity and is created to manage donations on behalf of the family or individual. They are administratively convenient and offer tax advantag-es. Naming a DAF as a beneficiary of your retirement accounts can circumvent both estate and income tax on the gift.

No matter what the strategy, there are some key points to keep in mind. First, with respect to giv-ing in general, mind the limits and what they mean for tax liability. For instance, the lifetime federal gift tax exclusion amount is currently $1 million. However, whatever portions

are used will reduce dollar for dol-lar the estate tax exclusion amount available at death. Individuals are urged to consult their personal tax or legal advisors to understand the tax consequences of their actions.

Second, mind the importance of documentation when assessing the benefits of philanthropy. Many choose to work through existing non-profit organizations when start-ing philanthropic work. The benefi-ciary organization needs to meet the qualifications under the IRS code, and must provide proof that the funds are used for charitable pur-poses.

Third, and most important, the beneficiary organization must be reputable. IRS regulations are in place to guard against corruption, but also to protect philanthropists themselves, by ensuring that chari-table gifts are put to good use, and done so in a transparent fashion.

My family and I have been long-time supporters of the Sephardic Food Pantry, the Angel Fund, SAFE, and Kingsborough College, all of which we feel provide critical services to the community.

INVESTING...INVESTING...INVESTING...F I N A N C E

Continued from page 242

Mark Seruya is a Brooklyn resident and a senior vice president and Financial Planner with the Global Wealth Management Division of Morgan Stanley Smith Barney in New York.

The information contained in this article is not a solicitation to purchase or sell invest-ments. Any information presented is general in nature and not intended to provide individually tailored investment advice. The strategies and/or investments referenced may not be suitable for all investors as the appropriateness of a particular investment or strategy will depend on an investor’s individual circumstances and objectives. Investing involves risks and there is always the potential of losing money. The views expressed herein are those of the author.

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