"I did not find the world desolate when I entered it.
And as my parents planted for me before I was born, so do I plant for those who will come after me." -Talmud

DONOR ADVISED FUNDS

With a donor advised fund, you focus on your charitable giving.

 

 
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WHAT IS A DONOR ADVISED FUND?

A Donor-Advised fund is a named fund of the Jewish Community Foundation in which the donor retains the privilege of making non-binding recommendations for charitable grants to be made from the fund.

 
The fund can be established with a minimum gift of $5,000 with the opportunity to make additions to it at any time.

WHAT ARE THE BENEFITS TO YOU?

  • You are able to recommend support for causes of specific interest to you now and in the future.
  • You may make recommendations for grants from both income and principal.
  • You receive an immediate income tax deduction for the amount of the initial gift to the Foundation and again at the time and in the amount of subsequent gifts.
  • No tax is paid on the income generated by the fund.

HOW DOES IT WORK?

  • You make an irrevocable gift of cash, securities, or other property to the Federation to establish a named fund.

  • You and other designees may recommend (but not control) charitable distributions from the fund.
  • Charitable distributions can be made to appropriate I.R.S. section 501(c)(3) public charities with purposes consistent with the Federation's broad purposes, following approval by Federation.
  • The fund earns income as determined by the Foundation, which is credited monthly.  Investment income is also available for distribution.
  • Charitable distributions may be recommended as often as monthly.
  • You may include one generation of your children as current or future advisors on distributions.
  • Any assets remaining in the fund upon your death or your children's death are used to support the endowment mission of the Federation and Foudation.

For questions regarding:

EXISTING FUNDS

Contact Denise R. Bennett

734-677-0100

denise@jewishannarbor.org

 

CREATION OF NEW FUNDS

Contact Sharyn Gallatin

734-677-0100

sharyn@jewishannarbor.org

 

This material is presented for informative purposes only and should not be construed as legal or tax advice.

Always consult your lawyer or tax advisor when you are considering gift planning strategies.