10 Days in Israel – Despite Hamas Bombs

Despite the whine of bomb sirens and feelings of uneasiness huddling in bomb shelters, the young people signed up for Birthright Israel are still flooding into the country. For most of us Americans, it might seem that plunging into a study of Israel during such a time of conflict would be insane, but the young people, and their consenting parents, consider it a learning experience about daily life in Israel.

Birthright Israel groupTaglit-Birthright Israel, known here as simply Birthright Israel, is the brainchild of Charles R. Bronfman, a Canadian / American businessman and philanthropist who inherited Seagram spirits empire (sold to Vivendi for $34 billion) and today is the father of a family of charitable foundations including Taglit-Birthright Israel that sends Jewish youth from all over the world on free educational tours of Israel.

Philanthropy is part of the Bronfman DNA. As children, Charles and his siblings knitted squares for blankets to be sent to the troops overseas during WWII. At 17, he began to solicit money for the United Jewish Appeal. From a poor Jewish neighborhood in Montreal, he collected 50 cents from 20 friends, even though he could have donated the $10 himself and simply written their names on the donation. He did it because he wanted the donors to experience how good it feels to participate in helping others.

The Bronfman DNA is evident in Birthright Israel today, even with Hamas rockets raining down on Israel. In late July, the website reports that “fewer than 10 of the 6,000+ participants that came to Israel in the past 15 days have left trips earlier than planned.”

Birthright Israel is the first Jewish educational program with a waiting list bigger than the number of applicants who actually are able to participate in the 10-day, all expense paid live and learn experience. Over 400,000 young adults from around the world, ages 18 – 26, have taken this journey.

The Bronfman family wants young Jewish people to come to Israel to see it, experience it, talk about it, and think about what Israel means for them and the Jewish people. The New York Times published an article August 1 that recounts the personal experiences of participants who have just recently returned from their trip to the Middle East with the Taglit-Birthright Israel organization.

We live in a passionate world and our hearts go out to all those who are suffering on both sides of this conflict. We pray for quick and permanent solution and ask you to join us in this petition for peace and religious freedom.

Patriotism, Taxes, and Liberty

In 2008, Vice President Joe Biden suggested in an interview with ABC’s Good Morning America host Kate Snow that shelling out more to government is patriotic. “It’s time to be patriotic, Kate. Time to join in, time to be part of the deal, time to help America out of the rut…”

Four years later, America’s debt continues to rise, so should we all wave the flag with one hand and and pay higher taxes with the other? If we do, are we better patriots?

Not if you listen to the honorable Judge Learned Hand (1872-1961), a US judge and judicial philosopher who served on the US District Court in New York and later the US Court of Appeals Second Circuit. Judge Hand has been quoted more often by legal scholars and by the Supreme Court that any other lower-court judge.

Because we’re in the business of helping donors avoid unnecessary taxation, our favorite quote from Judge Learned Hand is this:

God Bless America“Over and over again courts have said that there is nothing sinister in so arranging one’s affairs as to keep taxes as low as possible. Everybody does so, rich or poor; and all do right, for nobody owes any public duty to pay more than the law demands: taxes are enforced exactions, not voluntary contributions. To demand more in the name of morals is mere cant.”

And because it’s July 4th week, our country is in the midst of an immigration crisis the likes we’ve not seen in our lifetime, we wanted to share another noble address the judge gave in 1944 during an address in Central Park at the annual “I Am an American Day” event where newly naturalized citizens swore the Pledge of Allegiance to the United States of America:

“What then is the spirit of liberty? I cannot define it; I can only tell you my own faith. The spirit of liberty is the spirit which is not too sure that it is right; the spirit of liberty is the spirit which seeks to understand the minds of other men and women; the spirit of liberty is the spirit which weighs their interests alongside its own without bias; the spirit of liberty remembers that not even a sparrow falls to earth unheeded; the spirit of liberty is the spirit of Him who, near two thousand years ago, taught mankind that lesson it has never learned, but has never quite forgotten; that there may be a kingdom where the least shall be heard and considered side by side with the greatest.”

We wish all our friends, fellow advisors, and partners a blessed and joyous July 4th, and may God Bless America.

“Lobbying” for Morally Responsible Investing

It’s been an embarrassing time for Hobby Lobby, the retail store chain that had most of us cheering when they took their case against the Obamacare mandate all the way to the Supreme Court. Regardless if Hobby Lobby wins in court what promises to be a landmark case exempting it from abiding by the HHS mandate, the company has other issues to address internally.

Hobby LobbyAfter a little digging into Hobby Lobby’s 401(k) plan, Mother Jones, a nonprofit news organization that specializes in investigative, political, and social justice reporting uncovered that the closely-held company’s 401(k) employee retirement plan held more than $73 million in mutual funds with investments in companies that produce emergency contraceptive pills, intrauterine devices, and drugs commonly used in abortions. Hobby Lobby makes matching contributions to their company-sponsored 401(k).

Considering the investment the Green family has made fighting the mandate, the story is likely more unfortunate than hypocritical. It didn’t need to happen! And what’s worse, other pro-life companies and ordinary pro-life investors all have an easy choice – there are pro-life investment funds that screen out stocks of companies that may be engaged in Planned Parenthood, certain abortion drugs, or embryonic stem cell research. If this news about Hobby Lobby has made you uncomfortable about your retirement plan choices, you are not alone. Fortunately, we have a policy of preventing our investors from making morally objectionable investments.

The Stewardship Foundation is adamant about carefully selecting our investment portfolios. We guide our donors and partner nonprofit organizations to practice morally responsible investing that matches the foundation’s call to Christian conscience. And we do this with no sacrifice in investment returns. If you or your organization is unsure whether or not your portfolio matches your morals, we are happy to assist you make that determination.

The following is a summation of the companies behind the Hobby Lobby debacle:

“These companies include Teva Pharmaceutical Industries, which makes Plan B and ParaGard, a copper IUD, and Actavis, which makes a generic version of Plan B and distributes Ella. Other stock holdings in the mutual funds selected by Hobby Lobby include Pfizer, the maker of Cytotec and Prostin E2, which are used to induce abortions; Bayer, which manufactures the hormonal IUDs Skyla and Mirena; AstraZeneca, which has an Indian subsidiary that manufactures Prostodin, Cerviprime, and Partocin, three drugs commonly used in abortions; and Forest Laboratories, which makes Cervidil, a drug used to induce abortions. Several funds in the Hobby Lobby retirement plan also invested in Aetna and Humana, two health insurance companies that cover surgical abortions, abortion drugs, and emergency contraception in many of the health care policies they sell.”

— Mother Jones Article ‘Hobby Lobby’s Hypocrisy: The Company’s Retirement Plan Invests in Contraception Manufacturers’, April 1, 2014

— Patrick Finneran