Rabbi David Wolpe, Max Webb Senior Rabbi, Sinai Temple
What we treasure we must transmit: our sacred task is to hand on our heritage to the generations that will follow.
Sinai Akiba has been building an endowment for over 25 years thanks to the vision of our leadership and the generosity of many families. Sinai Akiba’s Endowment, now valued at over $30 million, provides both immediate and long-term benefits to the school. An endowment gift today, or a legacy gift in the future, makes a powerful statement reflecting your family’s values. Sinai Akiba’s endowment ensures that our treasured school and the gift of Jewish education will always be there for generations to come.
While the Sinai Akiba Fund supports the yearly operating budget, the Sinai Akiba Endowment is invested to preserve and grow the principal for years to come. The interest earned from the invested funds enriches both the academic program and our tuition assistance offerings. As the principal grows, the yearly support also increases providing an additional and sustainable revenue stream in perpetuity.
To learn more about Sinai Akiba’s Endowment, please contact Janet Rosenblum at (310) 481-3285 or at firstname.lastname@example.org
There are a variety of ways to make a gift to Sinai Akiba’s Endowment. Some of the most popular options include:
Cash/Securities Cash gifts or securities (stocks and bonds) may be given in a single sum or paid over a multi-year installment plan. Donations of appreciated stocks will eliminate paying taxes on the gains.
Bequests A simple but powerful way to make a gift is to name Sinai Akiba Academy in your estate plan. You can leave a specific monetary sum, or a percentage of your estate to SAA. If you have already named Sinai Akiba in your will, please let us know, or if you need sample language of a codicil to state your intentions, please contact us.
Gifts of Retirement Funds Retirement plans offer another simple opportunity for investing in Sinai Akiba’s future. If retirement assets remain in your estate, your heirs may have to pay unnecessary income and estate taxes. By naming Sinai Akiba as the beneficiary of your retirement plan, the amount passing to SAA will not be subject to income or estate tax.
Life Insurance An outright gift of a paid life insurance policy makes an excellent charitable donation. You can name Sinai Akiba the beneficiary of an existing policy, or take out a new policy with Sinai Akiba as the owner and beneficiary.
Charitable Remainder Trust (CRT) Charitable remainder trusts are individual trusts that can be funded with appreciated property. Remainder annuity trusts distribute a fixed dollar amount of income, and remainder unitrusts distribute a variable amount either for a set term of years or for the lifetimes of the beneficiaries. Sinai Akiba then receives the remainder of the trust assets. Possible advantages include:
Annual income for you and/or other beneficiaries
An immediate charitable deduction
Elimination of capital gains tax on appreciated stocks
Estate tax savings
Freedom from the burden of managing the property you put in the trust
Over the years, visionary donors have supported different educational programs with directed endowment gifts such as Pam and George z”l Smith, who provided the funding to begin Sinai Akiba’s renowned Learning Support program so their daughter Rebecca z”l could attend SAA. Today, our program has a staff of seven professionals and ensures differentiated learning for our students in additional to other support services. Other families have generously donated funds to our tuition assistance program to ensure Jewish education remains accessible to the community. A named endowment typically starts at $50,000 or more.
We thank the following families for their ongoing investment in Sinai Akiba through the following Endowed Funds:
Ezra Scholarship Fund
Financial Aid for Alumni Children Endowment
Joel Goldman Scholarship Fund
Sally Gunter Curriculum Grant Fund
Hedy z’l and Ted z’l Orden Endowment Fund
Kianmahd Scholarship Fund
Liggett Family Teachers Endowment Fund
Betty Matoff Scholarship Fund
Helen Molitz Middle School Endowment Fund
Alice and Nahum Lainer Scholarship Endowment Fund
Rabbi Laurence Scheindlin Endowment Fund
Shafai Family Endowment
Pam and George Smith Resource Center Endowment Fund
Bee and Sam Smotrich Scholarship Fund
Spiwak Scholarship Fund in Memory of Sarah Baran
Rosalie Swedlin and Robert Cort Endowment Fund
Tenenblatt Family Education Fund
Bryna Vener Orchestra Fund
Ethel Weinberg-Jacob Weiss Fund for Jewish Education
Beginning in 2011, and in partnership with the BJE (Builders of Jewish Education), PEJE (Partnership for Excellence in Jewish Education) and the AVI CHAI Foundation, Sinai Akiba was was selected to participate in this national program known as Generations and worked together with an initial cohort of seven LA day schools in a three-year intensive endowment building effort. The objective was to help day schools nationwide build their endowments and plan for a sustainable future. The LA program served as a model for day schools across the country and Sinai Akiba enjoyed much success through this program, leading the way in Los Angeles, and was among the very top day schools nationwide. The Generations initiative helped to grow the school’s endowment from $8.2 million in 2011, to the $30 million we have invested today. Over 40 gifts were generously made to the Generations endowment, and we continue to welcome your participation so that we can continue to grow and meet the financial needs of our families.
The Sinai Akiba Investment Committee oversees the endowment and the funds are managed by JP Morgan. The committee meets several times a year to review the investment strategy and asset allocation with representatives from JP Morgan.
Meet Our Endowment Donors:
About Day School Endowments
In January 2021, Prizmah fielded a pulse survey that sought to provide a profile of Jewish day school development in the 2019-2020 and 2020-2021 school years and understand the effects of the COVID pandemic on Jewish day school fundraising. The survey had 112 respondents.
Sinai Akiba Academy is a private Jewish day school in Los Angeles, serving students in Early Childhood through Grade 8. We also offer a variety of parenting classes and programs for children through our Parenting Center.A Sinai Temple school.
Notice of Non-Discriminatory Policy As to Students
Sinai Akiba Academy admits students of any race, color, national and ethnic origin to all the rights, privileges, programs, and activities generally accorded or made available to students at the school. It does not discriminate on the basis of race, color, national and ethnic origin in administration of its educational policies, admissions policies, scholarship and loan programs, and athletic and other school-administered programs.