INDIVIDUALS & FAMILIES: Donor Advised Funds | Endowment Funds | Charitable Gift Annuities
We can assist you determining which option(s) are best for you.
Donor-Advised Fund: Give Today
Realize immediate tax benefits. Contributions to a Donor Advised Fund are tax deductible, as permitted by law, in the year in which the contribution is made. Additional tax benefits may be realized when donating appreciated stock and other non-cash assets.
Select the organizations you want to support. Donors and fund advisors may recommend distributions from a Donor Advised Fund to any qualified 501(c)(3) tax exempt organization; Jewish or not, local, regional or national. On-line access is available. An added benefit of distributions from your Fund (when combined with gifts from other DAF fund holders) going to agencies via JCF checks, is that collectively, the significant impact of the Jewish community’s commitment to Tucson and its agencies, Jewish and non-Jewish alike, becomes increasingly apparent.
Make recommendations when you choose. Distributions may be recommended at any time including future years, allowing you to decide when organizations receive your support.
Simplify your charitable paperwork. JCF issues the checks to the organizations selected and provides you with quarterly statements showing all of the fund’s activity.
Support your community. By allowing JCF to assist you with your charitable giving today, you help build a stronger Jewish and global community for tomorrow.
$5,000 is the minimum to establish a Donor Advised Fund.
* Donor Advised Fund Match Program: Ask us about this program, which engages new fund holders and creates enthusiasm for philanthropy in our community. A donor can receive a $1,000 contribution when he or she contributes $4,000 or more to establish a new personal Donor Advised Fund or one for a child or grandchild. Some restrictions apply.
Endowment Fund: Give Tomorrow
Annual Distributions. Distributions are usually made annually and may be made in perpetuity or over a specific number of years
Spending Rate provides stability and growth. Perpetual Endowments use a Spendin
g Rate, currently at 4% that provides for a fairly stable annual distribution to the beneficiary organization you chose and allows for long term growth of the fund
Long-term investment strategy: Endowment funds are pooled and invested in a well-diversified portfolio for long term growth
Many funding options are available. Typically endowments are funded after one’s lifetime. Endowments may also be established during one’s lifetime.
Tax advantages. Tax benefits may be realized depending on the type of contribution and your unique situation.
Fund Name. This can be a special way to memorialize or honor family
$10,000 minimum. To establish a named endowment fund.
Charitable Gift Annuities
Donate to charity and receive guaranteed income for life
Contract between the donor and the Jewish Community Foundation to make annuity payments for life in exchange for a charitable donation
Guaranteed annual payments are paid to annuitants typically quarterly
Tax deduction is available for a portion of your donation
Endowment fund is established to receive the residual balance of the CGA at the annuitant’s death; Donor designates the beneficiary organizations or causes in the endowment fund.
Annuity rate based on the American Council on Gift Annuities.
Age minimum is 65 to establish a CGA; single or joint annuities available.
Minimum donation to establish is $20,000.
Ask Foundation staff about other options, such as a Charitable Trust that may provide both the benefits of donating and receiving lifetime income
ORGANIZATIONS & CONGREGATIONS: Custodial Funds | Endowment Funds
Community Partner Funds are established and supported by each organization and or congregation’s donors.
Organizations and congregations establish funds to support operations and core areas, to respond to new endeavors as needs change, and to ease and complement annual fundraising.
JCF legacy experts offer support to the leadership of each Community Partner to help ensure success. There are 2 fund options:
Organization Custodial Fund
Distributions of principal and/or accumulated net earnings of fund are available for distribution semi-monthly.
Additions to the fund may be made at any time and in any amount.
Purpose Restrictions may be imposed by the organization.
Investment of fund may be in either a well diversified portfolio or a conservative money-market type investment or a combination of both.
$5,000 minimum to establish.
Preserves the fund’s principal while creating a source of annual income for the organization.
Spending Rate, currently 4% provides for a fairly stable annual distribution while allowing for long term fund growth.
Purpose may be restricted or for general use.
Investment of endowment funds are in a well-diversified portfolio for long term growth.
Minimum opening amount is not required as an organization builds its endowment fund; $10,000 principal balance is necessary for annual distributions to commence.