Building a Family Tradition

A supporting foundation is an independent, nonprofit corporation with its own identity and corporate structure affiliated with Jewish Community Foundation. Generally, establishment of a supporting foundation requires a minimum of $1 million in assets.

While it qualifies as a public charity with all attendant tax benefits, it has many of the advantages of a private foundation. Its own board of trustees, including yourself, a majority appointed by the federation and others appointed by you, governs your supporting foundation, determining investment strategies and policy matters.

Trustees meet at least annually to decide on grant making, focusing on your special interests. Because your supporting foundation is linked in perpetuity with Jewish Community Foundation, succeeding generations of your family will carry on your tradition of tzedakah.

What are the benefits to you?

• Can continue in perpetuity, allowing family members to work together towards defined goals and philanthropic objectives
• More favorable tax benefits than private foundations
• Fully fundable during your lifetime or minimally now with added gifts from your estate administered by your community endowment professional
• Not subject to excise taxes
• Board of directors with your representation
• No annual minimum distributions required

How to Begin

For more information about how a supporting foundation can work for you, your family, and your community, contact David Shtulman, Executive Director at 734-677-0100 or your personal financial advisor today.

Disclaimer: Jewish Community Foundation does not provide legal advice. Donors are encouraged to seek independent tax and legal counsel.