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Make a Gift From My DAF

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FACT SHEET ON DONOR-ADVISED FUNDS


WHAT IS IT?

  • A Donor-Advised Fund is like a checking account for your charitable giving within The Foundation of the Greater Miami Jewish Federation.
  • It is established with a gift of assets (cash or appreciated assets such as stock) at a minimum of $5,000.
  • More than 200 individuals and families in Miami have funds with The Foundation.
  • These funds range in size $5,000 to over $90 million. The Foundation has over $500 million in total assets.
Donor Advised Fund
Stock or Cash
Donor Advised Fund
GMJF
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WHAT CAN THE FUND DO FOR YOU?

  • Use the fund to recommend gifts of $100 or more to qualified public charities (Jewish or non-Jewish), designated as 501(c)(3) organizations under the Internal Revenue Tax Code (like Federation, your synagogue, university, hospital, etc.).
  • Earn tax-free investment income which, along with the principal, is available for distributions.
  • Share and pass on Jewish values to the people most important to you. Involve your family in philanthropy or honor the memory of a loved one.
  • Provide privacy regarding your philanthropic choices.
  • Handles the distribution of funds to those organizations you recommend and all of the record keeping.
  • Invests the assets of the fund. You have a choice of fixed income or blended equity-fixed strategy.
  • Provides a quarterly summary of transactions to you. You will have instant access to your fund account through an on-line secure system, enabling you to view your fund activity and make charitable recommendations with the touch of a button.

WHAT ARE THE TAX ADVANTAGES FOR CREATING A FUND?

  • Charitable income tax deduction for the full fair market value of assets contributed.
  • Capital gains tax savings on the appreciation of securities held for more than 1 year.
  • The allowable tax deductions for a donor-advised fund are greater than those for a private foundation.
  • Investment income is added to your fund and grows tax-free.

The Foundation charges an administrative fee of 1%, which is calculated monthly at 1/12 of 1%, to a maximum of $15,000 per year.

If you would like to make a current gift via credit card into your donor-advised fund OR any other fund at the Foundation, click here

For over fifty years, The Foundation of the Greater Miami Jewish Federation has been a trusted philanthropic partner in the Jewish community, with a proven track record of working effectively with donors and their professional advisors in meeting their charitable goals. For more information, please contact Scott Kaplan, Foundation Director, at [email protected] or 786.866.8623 (office) or 757-746-2466 (cell).

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