Frequently Asked Questions:
What will the Chidush
Chidush supports the vision of
the Temple’s strategic plan; two years in the making. Chidush will create an
intimate sanctuary with a new spiritual entryway, a larger multi-functional
social hall, more engaging and interactive lobby area, a new welcoming
reception area and new security and audio/visual systems. It will also include
the expansion of the Chapel, upgrades to the Education wing and expanded staff
Why do we need the Chidush
The current building was
designed 15 years ago, for 500 families. Currently, we have over 520 member
units and growing. The renovation is designed based on the forward-thinking
vision of the Temple clergy, staff and board members to provide a welcoming,
engaging and spiritually-intimate space that is multi-functional for Jewish
ritual, special events, adult education classes and children’s programs while
being safe, secure and comfortable.
What is the timetable for
the Capital Campaign and Renovation Plan?
The Capital Campaign will open
on November 10, 2015. The renovation will begin in 2016 and is being planned in
such a way that there will be little to no impact on regular Temple programming
What is the campaign goal?
The campaign goal is
$2,500,000. As of September 2015, we have raised $1,050,000. We hope 100% of
our congregants will contribute to the campaign. We kindly ask that your
Chidush capital campaign donation be made in addition to your ongoing Temple
financial support, which is critical to the daily operations of Temple Beth Am.
What is the length of the
campaign? How long will I have to pay my pledge?
The campaign will run from
November 2015 to March 2016. Pledges are payable over five years (however if
you wish to pay it off sooner, that is preferable).
What are congregants giving?
So far, the gifts and pledges
we have received cover a wide range from $1,800 to $500,000. Since pledges may
be paid over five years, many donors are able to increase the total they
Campaign pledges will be
paid over a 5-year timeline; how are we paying for the renovations before the
pledge payments are complete?
The Board of Directors has
approved a construction loan. First Citizens will loan us the money against the
pledges. Therefore, it is important that every donor complete a commitment
How much should I give to
the Chidush Campaign?
In determining the donation
that is right for you, please consider the significance our Temple has had for
you and your family over the years, as well as for our Jewish community. We ask
you to give generously as we look to the future, and hope you share our
excitement to continue to celebrate so many important events together here, in
a beautiful, more warm and welcoming environment. When you think about the
long-term impact of your gift, please consider making the Chidush Campaign one
of your top philanthropic priorities over the next five years. Because we are
asking congregants to make a pledge that is payable over a number of years, we
truly hope that everyone will be able to make a generous commitment to the
campaign. Please consider that pledges to the Chidush campaign are above your
annual voluntary financial commitment which contributes to the Temple’s annual
How may I pay my pledge?
Pledge payments are designed to
be flexible and responsive to our donors’ needs. Pledges are payable over five
years. You may pay monthly, quarterly or annually – whatever works for you.
Gifts may be made in cash, credit cards or stock. Please contact Melanie
Goldsobel in the Temple office to make arrangements. Please let us know how you
would like to pay off your gift on your commitment form. We would deeply
appreciate receiving your first pledge amount with your signed commitment form.
You will receive an official thank you from the synagogue when we have received
Are gifts to the Chidush
campaign tax deductible?
Gifts to the Chidush campaign
are fully tax deductible to the extent allowed by law. Please consult with your
How will donors be
will be recognized for their contribution to the Chidush campaign on a
dedicated Donor Wall. We hope that you will be proud to be a part of the
Chidush campaign as we move forward and continue to build a greater feeling of
community here at Temple Beth Am. Every contribution helps and is greatly
What can I do to maximize my pledge?
There are 2 ways to make your pledge more effective:
1. Congress recently passed the IRA Charitable Rollover into permanent law. If you are 701/2 or older, you can transfer up to $100,000 directly from your pre-tax IRA assets each year to support Temple Beth Am.
Donors have to be 70½ years old or older to qualify. Donors can transfer up to $100,000 annually from each of their IRA accounts directly to a charity without first having to recognize the distribution as taxable income. If married filing jointly each spouse can donate up to $100,000 from their own IRA account. Donors are not permitted to make a charitable rollover to Donor Advised Funds, Supporting Organizations or Private Foundations.
Take advantage of the new IRA Charitable Rollover and you can use your IRA annual Required Minimum Distribution (RMD) and and avoid paying taxes on those funds as being considered ordinary income:
· Create your lasting legacy by contributing RMD funds to the Chidush capital campaign or;
· Use RMD funds to contribute to your:
o Voluntary Financial Commitment (VFC)
o High Holy Days Pledge
§ RMD funds cannot be used for Preschool, Religious School, B’nei Mitzvah fees or other fee for service charges.
Contact your financial advisor.
Then call Melanie Goldsobel at 561-747-1109
2. Some companies offer a partial or full match of an employees’ contribution to charitable capital campaigns like TBA’s Chidush – does your company? If the answer is YES, please submit the request to the applicable company personnel and increase your support to Chidush.