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By making a contribution of cash or securities in the amount
of $5,000 or more, you may establish a fund which is held
in an account which you name.
Any contributions you make of cash and securities which you've
held for at least one year are fully deductible and afforded
the most favorable tax treatment. In addition, any funds held
in the account grow tax-free.
You may recommend that grants be made from your fund to specific
Jewish or secular charities you wish to support at any time,
freeing you from the pressure of making such decisions at
the end of each year. A single contribution of securities
may be used to make tax-advantaged contributions to many charities,
avoiding the cumbersome requirement of breaking a security
position into many small units. The minimum grant which may
be recommended is $250. Unless you request anonymity, grant
checks are sent with a transmittal bearing your name.
You may nominate your children to make grants on your behalf,
now, or as your successor-enabling your family's future generations
to carry on the tradition of charity that you have established.
A philanthropic fund can provide the advantages of a private
foundation while eliminating on-going legal and accounting
costs, as well as excise taxes on investment income. When
large contributions are made, the allowable tax deductions
are greater than those available when contributions are made
to a private foundation.
At a glance:
- May be established with cash or securities
- Can be created with a minimum gift of $5,000
- Allows you to recommend grants to organizations
- Offers considerable tax advantages
- Enables continuity through generations of your family
- Less burdensome than operating a private foundation
More:
>> Contact us for more
information about establishing a Donor-Advised Philanthropic
Fund
>> Donor-Advised
Philanthropic Fund Agreement form
>> Donor-Advised Philanthropic
Fund Policies and Procedures (detail)
>>
Foundation Investment Policies (detail)
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