Donor Advised Funds
A Donor Advised Fund is a personal charitable giving account that allows you to easily and efficiently support all of your favorite causes.
- Your Donor Advised Fund is easily created with a tax-deductible minimum gift of $5,000 or more ($2,500 if you’re under age 35).
- You can make grants from your Fund to your favorite 501(c)(3) charities – local, national, Jewish or secular. You can even pay your synagogue dues through your Fund.
- You can make grants to charities right away or use your Fund as a “savings account” for future charitable gifts.
- Your Fund is professionally and prudently invested by the Foundation’s managers.
- Your charitable giving is handled through one source which reduces paper work and eliminates the administrative burden of saving individual tax receipts.
- Your charitable giving can be done online 24 hours a day, 7 days a week. You can also give by text message!
Some Benefits of a Donor Advised Fund at the Jewish Community Foundation:
- Tax Deduction - You will receive an immediate charitable income tax deduction for contributions made to your Fund. You may contribute cash or transfer long-term appreciated property. When you transfer appreciated property you receive the greatest tax benefit by avoiding paying capital gains tax.
- Streamline Giving - By organizing your charitable giving through one source, you avoid writing separate checks to multiple organizations and eliminate cumbersome recordkeeping.
- Online Access - You can securely access your Fund 24/7 to make gifts and monitor the activity and balance of your Fund online.
- Quarterly Reporting - You will receive detailed quarterly reports of activity of your Fund including contributions received, grants made, income earned, administrative fees and the Fund balance.
- Support the Growth of a Philanthropic Community – Your partnership enables the Foundation to provide philanthropic education programs which help inform donors about critical issues within the community and help develop the next generation of givers.
- Create a Legacy of Charitable Giving – You can name your children, grandchildren, or others as successor advisors to your Fund. Successor advisors have the privilege of managing your Fund after your death and carrying on your philanthropic values and traditions.