Donor Advised Funds, sometimes referred to as "philanthropic funds," are a charitable giving vehicle which enable a donor to make an outright, irrevocable cash contribution (minimum contribution $5,000) to JFCS through a simple letter agreement. JFCS then acts as a steward of the contributed monies, investing them prudently for both growth and income. Essentially, you establish your own "mini foundation."

You and others may make periodic recommendations regarding distribution of the fund's income; as long as these recommendations are non-binding, you will receive an income tax deduction for the monies contributed in the year in which you make your donation, regardless of the year or years in which you make recommendations for distributions from your Fund. There is no fee to establish or administer a JFCS Donor Advised Fund.

At the end of the year, 25% of the income earned-but not the principal-shall be credited to JFCS, and may be earmarked for particular programs and services. The remaining 75% of the annual investment income, as well as all principal, may be distributed to any other charity of the donor's choice. When the donor (and/or spouse or child) dies, the principal in the fund reverts to JFCS.

• A Donor Advised Fund can be establish quickly and easily, with a minimum of paperwork
• You bypass capital gains taxes on long-term appreciated securities
• Upon maturity, the principal goes directly to JFCS, and you avoid estate taxes.
• You receive immediate income tax deductions today for the full value of the gift; yet you may make distributions from your Fund at any time in the future.
• You may stay actively involved, recommending different charities to receive distributions from the Donor Advised Fund each year
• You may name family members as advisors, promoting philanthropy within the family and teaching tzedekah to children
• You enjoy administrative convenience and cost savings by conducting charitable giving through a charitable organization, centralized within a single fund
• Giving to other charities may be done anonymously
• You may initiate a fund to commemorate a special occasion and add to the fund over the years
• You may name the Fund in honor or memory of a loved one, or may choose a name that relates to a personally significant issue

Donor Advised Funds are invested as part of The JFCS Permanent Endowment Fund, according to JFCS investment guidelines. Because Donor Advised Funds are designed to last in perpetuity, our investments are guided by a prudent, low-risk investment policy that preserves principal while yielding a steady income from which to make additional charitable distributions. Currently, donors may choose among several different investment options.

The JFCS Finance Committee of the Board of Directors reviews the performance of these investments quarterly, ensuring that equity-fixed ratios are maintained and that total return meets JFCS growth objectives. Finance Committee members are assisted in this review by the reports of independent auditors, who compare each investment vehicle's performance against industry-wide standards.

• You complete a Donor Advised Fund Agreement form, and establish the fund with a minimum gift of $5,000 or more in cash, securities or other assets. JFCS can provide you with sample forms to use with your attorney
• You select a name for the fund, which can honor family or friends or protect anonymity
• JFCS monitors the investments, pays out grants from the income and/or principal, and handles all the red tape
• Quarterly reports describing investment performance and use of the fund's proceeds will be provided to you
• Upon request, announcements of the fund will be sent to family and friends
• Additional gifts of any amount may be contributed at any time

• Create a flexible charitable giving vehicle
• Benefit from the expertise of outstanding staff and superb investment advisers
• Stay involved in their giving and/or involve family members in giving together
• Honor or memorialize a loved one
• Commemorate a special occasion
• Ensure the continuation of a program or service of particular importance to them
• Reduce income taxes and avoid capital gains tax on sale of appreciated assets
• Build a significant gift over time