Endowments and Donor Advised Funds

A fund at the Center for Jewish Philanthropy provides lasting rewards for you, your family, and your community.

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.

Why create Charitable Funds at the Center for Jewish Philanthropy?

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.

Better tax benefits

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.

Personal service by people who know you.

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.

Double Mitzvah

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.

Establishing CJP Funds as compared to establishing a Private Foundation

Center for Jewish Philanthropy
Center for Jewish Philanthropy
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.
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.
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.
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.
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.
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.

7 steps for establishing a Charitable Fund

Step 1

Determine the Type of Fund

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).

Step 1
Step 2

Name the Fund

Select the name for your fund, which will link you to future generations and leave a lasting legacy for those who follow you. The name of the fund may be your own name, the name of someone you’d like to honor, or some other name of your choice.
Step 2
Step 3

Write a Fund Agreement

Meet with CJP staff to write an agreement that states your wishes for distributions from your fund. We provide oversight to ensure that your wishes are honored in perpetuity.
Step 3
Step 4

Contribute Assets

Begin your newly named fund by gifting a minimum of $10,000 to the CJP's Jewish Community Foundation. Determine whether you will contribute these assets during your lifetime, after your lifetime, or both. Your gift can be cash, marketable securities, real estate, life insurance, retirement accounts, or other assets (upon the CJP’s approval). We can help you determine which assets may be most advantageous from a tax and gift-planning perspective.
Step 4
Step 5

Receive a Tax Deduction

You may receive an immediate tax deduction for the year in which you donate assets to your fund. If you are not able to use the deduction in the year of your contribution, you may be able to use the deduction in future years.
Step 5
Step 6

Write Your Legacy Story in the Endowment Book of Life

This is an optional step. If you choose, when you create a permanent endowment with the CJP, we will assist you in writing your legacy story in the Endowment Book of Life, publicly sharing and connecting your values with future generations. The Book of Life symbolizes the concept of L’dor v’dor, passing on traditions and stories from one generation to the next.
Step 6
Step 7

Add Assets to the Fund

Add to your fund whenever you like, when it is most convenient for you, or when the tax consequences of your gift may be most advantageous. Or others may contribute to your fund in your honor. You can also add to your fund at the end of your life, through your will, trust, retirement plan or life insurance.
Step 7

Create your fund today!

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.

Gail Baer
Vice President, Philanthropy and Engagement
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