Michael Lustig and Rachel Brody Use Future IRA Gift to Support UJA for Generations to Come

Raised in a traditional Jewish home on Long Island, Michael Lustig grew up with giving and justice, tzedakah, “baked into the cake.” That’s why today Michael finds donating his time and resources to UJA Federation such a natural fit. It’s also why he and his wife Rachel have chosen to make UJA part of their estate plan through an IRA beneficiary designation.

Michael is an active member of several UJA boards, including allocation boards that have overseen how the organization’s funds are distributed. Now retired from Wall Street and teaching finance at NYU and in Israel, Michael has seen firsthand the importance of fiscal responsibility and thoughtful stewardship. That’s another reason he is pleased to support UJA.

“My planned gift is really an indication that I believe in the long-term effectiveness and impact of UJA,” he says.

From personally witnessing hundreds of Ethiopians rekindling their Jewish heritage to observing the impactful work of UJA elsewhere around the globe, Michael is confident that UJA will continue to meet the world’s greatest challenges for generations.

“I’ve seen the scope of what the organization is doing, and I feel great that I’m able to be a part of that,” he says. “UJA is doing great things in so many different areas.” As someone who had worked for a large fund manager, Michael views UJA Federation as the “ultimate Jewish mutual fund,” diversifying and leveraging his donation in a multitude of thoughtful and impactful ways.

Michael urges others to consider making UJA part of their long-term planning. “I think an IRA beneficiary designation is the easiest possible way of making a gift,” he says. “It has no financial impact on me today and will do so much amazing good after we’re gone.

It’s really a no-brainer.”

Back

© Pentera, Inc. Planned giving content. All rights reserved.
Disclaimer