The Jewish Community Foundation of the West offers a variety of funds designed to meet individual donor charitable interests:
- Endowment Funds--Endowments are permeanent funds that allow you to support your favorite charities or causes in perpetuity. You can establish a Restricted endowment to support specific charities or causes. You can also establish an Advised Endowment, where your children, family members or others you name decide each year how to distribute fund proceeds.
- Donor Advised Funds--These are non-permanent funds that allow you to distribute any part or all of the proceeds at any time. Donor Advised Funds provide a way to easily budget and manage charitable giving.
Name your fund
Most funds are named for the donor, the donor's family or as a memorial to someone special. All grants are made in the name of the fund. You can also remain anonymous by selecting a fund name that reflects your charitable giving.
Decide when to give
Create your fund now, establish it through your will or create it through a trust arrangement. You may give to honor an anniversary, memorialize a loved one, celebrate a special event or support a favorite cause. Tax deductions are earned and acknowledged at the time of your gift.
Decide what to give
You can use almost any kind of asset to start your fund. Cash, publicly traded securities, closely held or private stock, interests in limited partnerships, real estate, life insurance and private foudation assets are all acceptable. Gifts of appreciated assets provide you or your estate with additional tax benefits.
What does it cost to create and maintain a fund?
There are no costs to establish most funds. While gifts of certain types of assets may involve some legal costs, under certain circumstances the Foundation may even assume these costs. Funds valued at less than $10,000 have no ongoing or recurring costs. They are totally free--no costs of any kind. Funds valued at more than $10,000 incur a one percent annualize management fee.