Due to the phenomenon called year-end giving, charities across the country receive a big influx of donations between Thanksgiving and New Year’s Eve. People who want to help out tear a few checks from their checkbook or jump from website to website to send contributions to groups as near as up the street and as far as across the planet. But there’s a better way to make charitable donations!
You can create a personal philanthropy account that operates year-round by establishing a donor advised fund, or DAF, with the Jewish Federation Foundation of Greater Rhode Island. Just make tax-deductible gifts to your DAF and then recommend distributions from the fund to qualified charitable organizations of your choosing. The JFF takes care of the rest.
The JFF manages the Jewish Alliance of Greater Rhode Island’s endowment, and all DAFs are invested as part of the endowment. There are currently 138 DAFs totaling more than $23 million.
Your DAF will grow as the endowment grows, giving you more money to give to charities. You may also choose to name successor advisers, who can step up if you are no longer able to advise on the fund’s distributions. This gives you an extra advantage: an opportunity to discuss the value of philanthropy and promote multigenerational giving.
Benefits of a JFF DAF:
Why set up a DAF with JFF?
For more information, email email@example.com or call Sara Masri, chief development officer at the Jewish Alliance, at 401-421-4111, ext. 223.
CLAIRE UZIEL (firstname.lastname@example.org) is the Endowment/Campaign operations manager at the Jewish Alliance of Greater Rhode Island.