Charitable Funds

The Jewish Community Foundation of Greater Seattle, a service of the Jewish Federation of Greater Seattle, is your resource for meeting your philanthropic and financial goals. As a partner to philanthropists and Jewish communal institutions, the Federation offers several different types of funds.

Introduction

Opening a donor advised fund (DAF) with the Jewish Federation of Greater Seattle allows you to take a charitable deduction when you open the fund while retaining the privilege to make charitable grants to the causes you care about, now and in the future.

How Does It Work?

  • With a minimum gift of $10,000 to the Federation in cash, securities, or other property, you can establish a donor advised fund.
  • You make recommendations for charitable distributions to qualified public charities whose purposes are not inconsistent with the Federation’s mission.
  • The fund you establish is at your fingertips with jfgs.donorfirstx.com, your online portal to philanthropic giving.
  • You and anyone you designate as an adviser make recommendations for grants from both income and principal.
  • The Federation invests and administers the fund’s assets, processes recommendations, mails checks to recipients, and reports to the donor adviser.

What Are the Benefits?

Income Tax Savings – Your contribution to a DAF is eligible for an income tax deduction up to the entire amount transferred to the DAF (depending on your personal tax situation). You may receive additional tax benefits if you contribute appreciated securities or assets to your fund.

Recommend Grants to Charity, Now and in the Future – When you contribute to a fund, you can decide later about the charitable grants you wish to make from the fund.

Tax-Free Growth – Funds contributed to a DAF grow tax-free.

Involve Your Family – The fund can be named for you or your family, and all grants to charities are identified as coming from the fund. You may also name family members as grant advisers, which is a great way for you to share your philanthropic values and actively involve your family in your philanthropy.

Partner with Federation – By opening a fund, you can take advantage of expert advice bv partnering with the Federation to ensure a vibrant and thriving Jewish community, today and tomorrow.

Introduction

Restricted funds provide perpetual annual distributions to the charitable organization(s) of your choice.

How Does It Work?

With a minimum gift of $10,000 to the Federation in cash, securities, or other property, you can establish a restricted fund. If there is a target annual amount you want distributed from the fund, generally you would contribute an amount that is 25 times that amount.

You can contribute the entire amount at once or contribute over time. If you contribute over time, no distributions will be made from the fund until the fund reaches a previously agreed-upon level.

Once your restricted fund is fully funded, your fund will make an annual distribution to the organization(s) or specific program(s) you select. The annual amount distributed from the fund will be based on the Federation’s spending policy, which currently provides for a distribution of 4.5 percent of the fund’s rolling 16-quarter average.

What Are the Benefits?

Endow Your Annual Contributions – When you create a restricted fund, you ensure a permanent source of annual revenue for the causes that matter most to you.

Income Tax Savings – Your contribution is eligible for an income tax deduction up to the entire amount transferred to the fund (depending on your personal tax situation). you may receive additional tax benefits if you contribute appreciated securities or assets to your fund.

Tax-Free Growth – Funds contributed to a restricted fund grow tax-free

Introduction

A Perpetual Annual Campaign Endowment Fund (PACE) or a Lion of Judah Endowment Fund (LOJE) allows you to continue your support of the Jewish Federation of Greater Seattle’s annual campaign in perpetuity.

How Does It Work?

You determine the target annual amount you want distributed from the fund. Generally, an amount that is 25 times your annual campaign contribution is sufficient to ensure your annual campaign gift will continue in perpetuity. To qualify as a Lion of Judah Endowment Fund, you must contribute at least $111,000.

You can contribute the entire amount or contribute over time. If you contribute over time, no distributions will be made from the fund until the fund reaches a previously agreed-upon level.

Once your PACE or LOJE fund is fully funded, your fund will make an annual distribution to the Jewish Federation of Greater Seattle’s annual campaign. The annual amount distributed from the fund will be based on the Federation’s spending policy, which currently provides for a distribution of 4.5 percent of the fund’s rolling 16-quarter average.

What Are the Benefits?

Endow Your Annual Campaign Gift to Federation – You ensure that your gift to the Federation will continue to grow now and for generations to come.

Income Tax Savings – Your contribution is eligible for an income tax deduction up to the entire amount transferred to the fund (depending on your personal tax situation). you may receive additional tax benefits if you contribute appreciated securities or assets to your fund.

Tax-Free Growth – Funds contributed to a PACE or a LOJE fund grow tax-free.

To learn more, contact
Emilia Picklesimer | Foundation Operations Manager | emiliap@jewishinseattle.org | 206.774.2218