Ohio Jewish Chronicle, 1991-07-04

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THE
TO STEP
The Ohio Jewish Chronicle
Sensing Coluttibus and Central Ohio , "
Jewish Community for Over 60 Years
"VOLUME 69
NUMBER 27
JULY 4,1991 ,
'22 TAMMUZ 5751
DEVOTED   TO   AMERICAN   AND   JEWISH   IDEALS
Congress looking to
White House to take
lead on loan guarantees
page 2
The little sentence ■
that could
; page 2
Blood Drive continues
at Beth Tikvah July Id
-   v page 3
Committee studies
local involvement
in Israeli economy
: page 6
Ethiopian Jews
blridgirig the gap
:';::J ;. ■-' ' a....   •■' page?
J(3G Sports Spectacular
tj$^ available
t'rrvl'r   .•'.-■." "-,. •■...'  page*2
Iii The Chronicle
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Ohio   Hist.Society   Libr
1982   Veima   five.
Columbus,   Ohio   #
43211' C0MP
Columbus Jew\
under Irving Schottenstein's guidance
By Ina Horwitz
Irving Schottenstein is a
man of remarkable insight
and vision, demonstrated not
only in'his successful business
enterprises, but in his involvement in the Columbus Jewish
community and, in particular,
the Columbus Jewish Foundation^ His term as president of
the Foundation, which ends
this summer, can be characterized as seven active years
of tremendous productivity
and growth.
According to Foundation Administrative Assistant Peggy
Ginsberg, the number of
grants approved by the Board-
of Trustees, including philanthropic as well as special
grants, totaled over 5,000 during his tenure. Also, under his
leadership, marketable assets
from gifts more than doubled
from over $24 million to an unaudited $53 million for 198S-90.
Schottenstein would like to
see a market value of $100-mil-
lion within the next ten years,
with at least $10 million in non-
discretionary funds. "I think
that is a goal that is not going
to be easyj but I think it's
achievable," he said.
For' his dedicated service,
Schottenstein will be a special
honoree at the Foundation's
Eleventh Annual Dinner
.Meeting July 22 at the Hyatt
Regency. It is expected that
he will be succeeded by cur-
Tent Executive Vice-President
of the Foundation Melvin L.
Schottenstein, who, along with
other officers, has been nominated and whose name will be
submitted at the meeting to
the newly constituted Foundation Board of Trustees for
election.
Co-chairs of the meeting,
Helene Spitz Lehv and David
Milenthal, expect large numbers from the community to
join in honoring Irving Schottenstein. He will continue to
remain on the board in an advisory capacity.
'When people
used to talk
about the Foun- .
dation, they
would always use
the word 'Federation.' Now the
Foundation is '
known on its
own.*
In thinking back on his presidency, Schottenstein believes
that one of the most important
problems that had to be overcome was the lack of public
awareness. "When people
used to talk about the Founda-
, tion," he said, "they would always use the word 'Federation.' Now the Foundation is
known on its own."
He referred to the Federation as "yearly giving" and to
the   Foundation  as   "the
future." He added that there
will be many years in the future when, because of the
economy or other consider- .
ations, annual giving could be
down, but a "strong" Foundation could step in to fill the
shortfall in those down years.
He reflected on changes
that occurred during his
term: the board has been reorganized; the by-laws have
been changed and updated; a
new  director,  Jackie  L.
JacobSj was hired after Ben
M. Mandelkorn retired in July
1990;  new educational pro-
it boils down to two things —
whether you want to send your
money to Washington or keep
it in the community."
Being an extremely busy
man, he reflected oh how he
balanced his time between the
Foundation, his business and
his own personal life. "I guess
if you really think about it and
say, 'Do I have the time to do
anything?' you really don't
have the time," he said.
"What you do is get involved
in what's important and make
the time; there is no formula
— it just works out. If you ever
sat down and made up a f or-
Irving Schottenstein
grams have been instituted,
such as the Legal and Tax Advisory Committee; a newsletter has been published periodically, and the flow of information has increased dramatically. "And," he added, "we
are still growing." According
to published data from a survey done a few years ago, the
Columbus Jewish Foundation
has been ranked twelfth in the
country among Jewish Foundation endowment funds.
As testament to the Foundation's'rapid growth, he said,
"We have people asking to be
on the board, which is unusual."
According to Schottenstein,
the Tax Reform Act of 1986,
which eliminated many tax
shelters, didn't make a difference in the level of charitable
gifts received nor has it been
detrimental to fundraising for
the Foundation. "There are
still many instances in which
people can give that will be a
tax advantage to them as well
as a benefit to the community," he said.
He noted that, it's important
to educate people oh the ways
of giving and showing them
how they can benefit. ''Eventually, when you die, you have
to pay it back," he added. "So
mula, such as I will spend so
much time here or there, you
probablywouldn't do it."
Schottenstein said that although he was always active
in. the community, the 1967
Israel-Arab War was an impetus to become more involved, knowing that fellow
Jews needed money immediately. All through his life, his
family has been very chari-
- table and he remembers, as a
youngster, hearing his dad
say, "It has nothing to do with
the amount you give; it is how
you give and what you want to
do."
Schottenstein added, "Giv- x
ing is something that comes
from the heart, and it is something you really don't cultivate; it's already in you and
certain things may bring it
out."
'Eventually,
when you die,
you have to pay
it back. So it all
boils down to
two things —
whether you
want to send
your money to
Washington or
keep it in the
community.'
Mandelkorn credited Schottenstein's accomplishments as
president with words of praise
and tribute. "First of, all," lie
said, "Irving served as the
longest reigning president of
the Foundation, which, in itself, is unusual. Secondly, he
had a quality of leadershp that
caused people to want .to participate in the Foundation, and
he was very supportive in the
growth of the administration,
staff and support staff.
"Thirdly, he placed a great
deal of emphasis on marketing the Foundation in a way
that would be understandable
to prospective donors. He took
skills from his own business
field and transmitted them to
Foundation activities. His success in this area is evident by
the fact that the Foundation
reached its highest achievement during his tenure in the
number of funds that were
created and in the increase in
net marketable assets.   '
"People really believed in
him and liked him," added
Mandelkorn. "Through the
Foundation, Irving Schottenstein helped to create & community legacy."
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