If you make a gift to the UJA Annual Campaign, pay synagogue fees, or support any range of local, national, or international causes – odds are you can benefit from a donor-advised fund with Jewish Community Foundation.
Our donor-advised funds offer many of the benefits of a private foundation at a minimal cost. JCF administers the investment of your fund as well as all record-keeping, research and grant distributions. All contributions are acknowledged with a letter to simplify your tax reporting. Quarterly account statements provide a convenient record of your philanthropy and you can access your fund via the Internet at any time. Additional donations to your fund can be made at times that are convenient or tax-wise for you and you can recommend distributions from the fund to qualified charities at any time.
DAFs offer substantial tax benefits. All assets in a DAF grow tax-free. You receive an immediate tax deduction for contributions even though you can defer grant- making recommendations to a later time. You can avoid capital gains taxes for gifts of appreciated assets. (Donations of assets held for at least one year receive the most favorable tax treatment.) A single donation may be used later to provide grants to any number of charities, avoiding the cumbersome process of breaking a security position into many small units. Compared to private foundations, DAFs provide better tax benefits, including higher deductibility limits, no excise taxes on investment earnings, no minimum distributions and no separate tax returns.