Close to 30 Professional Advisors and Jewish Nonprofit representatives gathered at Scottsdale Community Bank for a lively discussion on the Arizona Tax Credits.  Russell Goldstein, CJP Board Member and Chair of this group moderated the evening’s two presentations by Erin Itkoe, CPA, CFP®, Director of Financial Planning at Tarbox Family Office and Janet Silva, Executive Director of the Jewish Tuition Organization (JTO).

Attendees learned about the five different tax credits and who they benefit: Qualifying Charitable Organizations, like the ones listed on, Foster Care, Public School, Military Family Relief and Student Tuition Organization, like the JTO.

Erin explained the difference between a tax credit, which reduces your tax liability dollar-for-dollar and a tax deduction, which reduces income before you calculate the tax bill you owe, resulting in a slightly lower tax bill.

Most of the attendees agreed that they do introduce tax credits when they meet with clients but know that there are many others who do not. Arizona is unique in offering state tax credits and the PA’s in the room also discussed the challenges with convincing clients to take advantage of the credits.

Janet Silva educated the group about the Jewish Tuition Organization and its mission that no child be denied a Jewish day school education because of cost. Of the money raised, 90% of it goes directly to scholarships. Unlike the other four tax credits, the JTO can receive tax credits from C corporations, S corporations, LLCs filing as S corporations and Insurance companies.

Scottsdale Community Bank’s George Weisz and Frank Jacobson talked about their new banking endeavor and the attendees had plenty of networking time to speak with them and others before and after the program.

We look forward to 2024’s next gatherings and will updated the community when we have secured dates and speakers.

The Professional Advisory Network is open to professional advisors in the estate planning community, and our nonprofit partners. Our goal is to create meaningful relationships that will ultimately advance the philanthropic interests of the Jewish community. 

Check out some of the photos from the gathering and please connect with Rachel Rabinovich to be added to the mailing list,


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