To support the causes you’re most passionate about, you can create a meaningful charitable gift plan — ranging from donor advised funds to permanent endowment funds — by working with CJP staff through the seven-step process described below.
Contributions to your fund are professionally invested and managed. They grow tax free, enabling you to donate even more to your favorite charities. During your lifetime, you’ll also witness the benefits your dollars make to the causes most important to you.
Your gift allows you to be there when help is needed-today, tomorrow, and for generations to come.
When you have a fund at CJP’s Jewish Community Foundation, we provide you and your family with unique Jewish philanthropic expertise and support, valuable tools, and the knowledge to make your charitable planned giving personalized, thoughtful, and tax beneficial.
However you want to “repair the world,” we connect you with causes and organizations (Jewish and non-Jewish) that embody your Jewish values.
Every time you donate to your fund, it is tax deductible. You get the same tax advantages and fund logistics as you would at any other DAF sponsor (including commercial investment firms). Money in your fund grows tax-free over time so you have more to give. If you donate appreciated stock, you avoid capital gains taxes – huge tax savings.
You receive the highest level of personal and timely customer service by people who know you; you know your philanthropic advisor and they know you, what you value, and your philanthropic goals.
100% of what you do through the CJP's Jewish Community Foundation is charitable. You are giving to charity through your fund and the administrative fee is like a donation that goes to another Jewish non-profit; it supports a local Jewish organization and stays within the community, allowing you to maximize your charitable giving.
DONOR-ADVISED FUND Center for Jewish Philanthropy | SUPPORTING ORGANIZATION Center for Jewish Philanthropy | PRIVATE FOUNDATION Independent | |
|---|---|---|---|
EASE OF
ESTABLISHMENT | Quick and easy.
In most cases, can be complete in one meeting. | Several months to establish.
If time is a concern start as a donor advised fund,
Then convert to a supporting organization later. | Several months to establish.
Will almost always require specialized legal
and accounting professionals. |
COST | No start-up costs.
Modest annual fee after establishment. | Some legal and IRS filing fees to start.
Minimal administrative fees after
establishment. | Potentially substantial legal and accounting fees
to set up and maintain.
1-2% annual excise tax on net investment
income after establishment. |
TAX
DEDUCTIBILITY | Cash gifts are deductible up to 60% of adjusted
gross income.
Gifts of long-term appreciated securities, real
estate and closely held stock are deductible up to
30% of adjusted gross income. | Cash gifts are deductible up to 60% of adjusted
gross income.
Gifts of long-term appreciated securities, real
estate and closely held stock are deductible up to
30% of adjusted gross income. | Cash gifts are deductible up to 30% of adjusted
gross income.
Gifts of long-term appreciated securities, real
estate and closely held stock are deductible up to
20% of adjusted gross income. |
INVESTING
FUNDS | Fund assets are professionally invested through
the JCF. | Can be pooled with JCF funds or managed
separately by the supporting organization.
May avail itself of professional investment
services offered by the JCF. | Donor must hire own investment manager and
is subject to rules and guidelines intended to
ensure foundations do not put their investments
in jeopardy through financial speculation. |
GRANTMAKING | Donor recommends grants to qualified charitable
recipients with approval of the JCF.
No minimum annual payout. | Donor names charitable organizations (or class)
at creation, but supporting organization’s
board of directors controls amount and timing
of distributions.
No minimum annual payout. | Creators control grants to qualified charitable
recipients.
Minimum payout of 5% annually. |
STAFFING | Access to JCF staff for grantmaking expertise
at no additional charge.
No annual tax filings. | Access to JCF staff for investment and
grantmaking expertise at no additional charge.
Tax return prepared and filed by JCF. | All services arranged by creator.
Additional costs for staff support, accounting,
grant processing, tax filings, and etc. |
Choose which type of fund you would like to create:
Donor Advised Fund – Enables you to recommend grants to qualified charities that match your interests with a $100 minimum distribution. Think of a DAF as your charitable checking account. It’s simple. You make grant recommendations to qualified charities that match your interests, and we handle the check writing and administration.
Endowment Fund – A permanent source of support for your favorite cause(s), granting out a percentage of the fund balance each year, while the principal is invested and continues to grow. May be either a “Designated Endowment Fund” in which annual grants are made to your preferred organizations, or it may be a “Field of Interest Endowment Fund” in which annual grants are made to your preferred fields of interest as identified in your CJP fund agreement (see step #5 below).
Are you interested in learning how you can better manage and organize your philanthropy and create a lasting impact in our greater Phoenix Jewish community? I look forward to connecting with you.
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We connect and serve the Greater Phoenix community by inspiring philanthropy that supports and enlivens Jewish life locally, in Israel, and around the world.
