What is the minimum amount needed to establish a fund?
Funds are established with assets worth
$1,800 or more.
What kinds of assets can I use to establish a fund?
Most people use long-term appreciated securities or cash. Real estate can also be used.
What are the tax advantages?
You receive a current charitable income tax deduction. For a gift of long-term, appreciated securities, you may avoid capital gains taxes.
Gifts to the Foundation are eligible for the maximum amount allowable for gifts to a public
charity.
Who owns the fund?
Although the fund is owned by the Jewish Community Foundation, you retain the privilege
of recommending grants from the fund to qualified charitable organizations.
Can I recommend grants to any organization?
Recipients you recommend must be qualified as a charitable organization under specific Internal
Revenue Codes and comply with the Jewish Community Foundation's mission and broad charitable goals.
How large do my grant recommendations have to be?
Grants must be at least $100.
How many grants can I recommend each year?
You may recommend as many grants as you like from both income and principal.
May I recommend grants to charitable organizations that are not Jewish?
The Jewish Community Foundation supports many worthwhile charitable causes - in both the
Jewish and general communities.
How quickly are grants sent to recipient organizations?
Grant recommendations are processed twice a month. Checks are sent to recipients within
seven business days of the 1st and 15th of each month.
Is there a fee for administration?
The annual fee is 1.25% for fund balances up to $2 million. For larger fund balances, the Jewish
Community Foundation offers a tiered fee structure.
May I make additional contributions to the fund?
You may make additional contributions whenever you like.
How are the fund assets invested?
Based on your charitable plans, you may
recommend that fund assets be invested in
one or several of the following four
investment pools:
Money Market,
Interest-income, Equity-income, Growth
Click here
to see the investment program brochure.
What happens to the fund after my lifetime?
If you have a spouse, he or she can continue to recommend distributions. You may also designate
your children and grandchildren as successor advisors. You may also choose to recommend the
remaining balance, or a portion thereof, to the Jewish Community Endowment, the United Jewish
Federation's Annual Campaign or a restricted endowment fund supporting a favorite area of
interest or community organization(s).
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