Heritage Pointe - March 2011 E-news

March 2011

Heritage Pointe E-news

Seniors Living in the Jewish Tradition

E-news is produced by the Development Department.

Greetings,

Last March after we received the extraordinary bequest from Rhoda Alban, I started a conversation with you about helping us plan the future of Heritage Pointe. It's time to mention this topic again. We are now on the threshold of caring for a new generation of residents, all of whom count on us to provide a safe haven.

Your dedication to Heritage Pointe is legendary, and now I hope you will turn some of that remarkable generosity towards a legacy for the future. Leaving a bequest to us is as simple as completing a form. Leaving a legacy, perhaps directing that bequest for a specific purpose, is highly personal. I urge you to consider the possibilities. Let's start the conversation and see where planning your gift leads. I hope the journey takes us to the Heritage Pointe Legacy Wall that adorns our lobby.

Thank you.

Ellen Weiss

Director of Development

CLICK HERE for the Declaration of Intent Form

Your IRA & Heritage Pointe

According to a recent posting by Christine Benz of Morningstar, having a charity be the beneficiary of a traditional IRA can be gratifying and can be a savvy tax move. She continued: "While your heirs may be able to stretch out the tax-saving benefit of a traditional IRA over a period of years, they'll still owe taxes on the money they take out. By contrast, qualified charities will not owe any taxes on gifts they receive, essentially negating the tax liability attached to those traditional IRA assets. In addition, leaving IRA assets to charity allows the estate to receive an estate-tax deduction on the federal tax return." Please confer with your tax preparer before making these plans.

Something else to consider:

If you are at least 70.5 years of age and have a traditional or Roth IRA, you are eligible to make a TAX FREE gift of up to $100,000 to Heritage Pointe until the end of 2011. You must instruct your IRA custodian or trustee to make this gift directly to us, as an outright gift not as a planned gift or deferred gift. To find out if this IRA Rollover Law applies to you, please consult your tax preparer. Cite: IRA Charitable Rollover under Section 725 of the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 (H.R. 4835) aka as The Middle Class Relief Act of 2010.

Synagogue Window Gallery

Our Synagogue, K'Hilat Horim, now has a full array of beautiful windows created for us by the Israeli artist, Smadar Livne. Her original three windows positioned above the bimah are now accompanied by eight additional works of art depicting Jerusalem and other Jewish themes. These windows complement the serenity of our synagogue with vibrant color, setting a mood of contemplation. Priced at $5,000 a piece, this presents a dedication opportunity for you, your family or friends to honor or remember a loved one. Three have been sold, one to a Heritage Pointe resident in memory of her husband, with eight remaining. Please spread the word; as this is a limited opportunity.