Jewish National Fund’s (JNF) Donor Advised Fund (DAF) is a smart, tax-wise, and cost-efficient way to streamline donors’ charitable giving with one easy account.
This innovative, charitable giving vehicle was designed to ensure that JNF donors receive the most favorable, immediate tax deductions allowed.
A donor can make contributions of cash, stocks, bonds, mutual funds, or certain other securities to establish a JNF Donor Advised Fund. In most cases the donor will receive an immediate tax deduction for the full fair market value of the contribution.
Once the contribution is received it will be split into two accounts one dedicated to support Jewish National Fund projects, and another to support additional charitable organizations. The donor gets the ability to choose how the donation is invested among a choice of investments available to the fund. The donor then recommends at his/her discretion and timing which charities should receive grants, and which JNF projects are most important.
There are powerful benefits for JNF donors and for the charities they support. Some of the benefits include but are not limited to:
- Convenience and Consolidated Record-Keeping -- The JNF Donor Advised Fund simplifies and streamlines charitable giving by creating a single account into which contributions can be made and grants recommended. There would be no more writing checks, or trying to figure out how to gift stock or real estate to a local organization that might not have the ability to accept the gift.
- Flexibility with JNF’s Donor Advised Fund -- The donor recommends which JNF projects are important and which charities to support. A synagogue, local Jewish Community Center, Day School, Hospital, Museum, College or any other charity can receive grants from a DAF with a simple phone call.
- Tax Advantages -- The donor receives an immediate income tax deduction for DAF contributions. Gifts of appreciated assets held more than one year get the added benefit of avoiding capital gains tax.
- Donation Growth -- Because the DAF investment options may appreciate, the contribution can increase in value before any part of it is distributed. This gives the donor the chance to grant more than the original gift.
Setting up a Donor Advised Fund is a simple procedure. Call a JNF Planned Giving Specialist at 1-800-562-7526 for the information you need and they will do the rest.