Rise H. Ain and Michael R. Levy Establish Tuition Assistance Fund with Estate-Plan Gift

CESJDS is pleased to announce the establishment of the Rise H. Ain and Michael R. Levy Tuition Assistance Fund to be funded with Rise and Mike’s uncommonly generous planned gift. We applaud their truly exceptional commitment to the CESJDS 50th Anniversary Building Our Future Endowment Campaign.

Rise and Mike have a long and deep relationship with CESJDS. Nicole, Adam, and Mark Levy graduated from CESJDS in 1996, 2000, and 2003, respectively. Rise’s daughters Rachel and Dorie graduated from CESJDS in 1995 and 2001. Dorie’s husband Jacob Ravick graduated in 2001, and Dorie and Jacob’s children attend CESJDS.

In addition to being proud CESJDS parents and grandparents, Rise and Mike have served in a large and varied number of leadership positions at CESJDS and in the broader Jewish community. With respect to CESJDS, both Rise and Mike have been members of the board of trustees and chairs of many board-appointed committees. In addition, Mike served as president of the board and as co-chair of Operation Excellence, the campaign supporting the creation of the Annette M. and Theodore N. Lerner Family Upper School Campus and the renovation of the Lower School building. Among Rise’s many community positions, she has served as vice president of the Jewish Federation of Greater Washington’s Planning and Allocations committee and is currently president of Ohr Kodesh Congregation.

Rise and Mike have designated their gift for tuition assistance. They understand the competing financial demands of providing high-quality education and the burden that places on many families. It is their hope that others will join them in order to create the level of endowment necessary to afford every Jewish family the opportunity to receive a CESJDS education.

This gift will be funded through Rise and Mike’s estate plan, which incorporates a life insurance policy to fund a portion of their gift. The maintenance of the life insurance policy and the distribution of death benefits will be managed for the benefit of CESJDS by the Jewish Community Foundation (formerly United Jewish Endowment Fund). This structure allows Rise and Mike to ensure a significant donation to the School’s endowment that is not dependent on future financial developments. They are pleased to have the benefit of the estate-planning expertise and management skill of the Jewish Community Foundation in order to provide support for CESJDS and other favored organizations.