A donor advised fund gives you the flexibility to recommend how much and how often money is granted to your favorite charities.
You transfer cash or other assets to the Jewish Federation of Palm Beach County. You can then recommend—but not direct—how much and how often money is granted. There are no time restrictions as to when grants may be recommended. In addition, you avoid the cost and complexities of managing a private foundation.
In return, you qualify for a federal income tax charitable deduction at the time you contribute to the account. This also allows for a centralized giving and record-keeping system in one location.
The the Jewish Community Foundation of the Jewish Federation of Palm Beach County offers a sophisticated, secure online program to help manage your fund. The administrative work is all taken care of for you by the professional team at the Jewish Community Foundation.
As a mother, I thought it best to teach my son, Devin, about investing and philanthropy early in life, to share in the experience of helping others and being part of the community. By establishing a donor advised fund, in both of our names, we now enjoy the opportunity to investigate, discuss and support the causes we are most passionate about, together.
I just think it is an effective way to do my charitable giving. I can make gifts into my fund to suit my tax planning, and I can make charitable distributions from my fund to both Jewish and non-Jewish causes I believe in. I also engage my grandchildren in charitable giving through my fund.
–Barbara Kay z"l
Giving has always been a focus for our family, and by sharing in the process from a young age, I learned to incorporate those ideals into my life. Our donor advised fund allows me to experience philanthropy firsthand, while benefiting from the knowledge acquired through all my family’s previous charitable endeavors.
I created my DAF as a tax-wise vehicle to do my own charitable giving as well as an example that I can share with my clients who are charitably inclined. It also offers a great charitable vehicle for a client who is doing year-end tax planning where a charitable deduction will help to offset potential income or capital gain tax liability.
–Keith B. Braun, Esq.
Legal Name: Jewish Federation of Palm Beach County, Inc.
Address: 1 Harvard Circle, Suite 100, West Palm Beach, FL 33409
Information contained herein was accurate at the time of posting. The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in any examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results. California residents: Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. Oklahoma residents: A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. South Dakota residents: Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.
Copyright © 2022 Jewish Federation of Palm Beach County. All rights reserved.
A charitable bequest is one or two sentences in your will or living trust that leave to the Jewish Federation of Palm Beach County a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate.
an individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan
"I give to the Jewish Federation of Palm Beach County, a nonprofit corporation currently located at 1 Harvard Circle, Suite 100, West Palm Beach, FL 33409, or its successor thereto, ______________ [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."
able to be changed or cancelled
A revocable living trust is set up during your lifetime and can be revoked at any time before death. They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes.
cannot be changed or cancelled
tax on gifts generally paid by the person making the gift rather than the recipient
the original value of an asset, such as stock, before its appreciation or depreciation
the growth in value of an asset like stock or real estate since the original purchase
the price a willing buyer and willing seller can agree on
The person receiving the gift annuity payments.
the part of an estate left after debts, taxes and specific bequests have been paid
a written and properly witnessed legal change to a will
the person named in a will to manage the estate, collect the property, pay any debt, and distribute property according to the will
A donor advised fund is a separately identified fund created by a donor with the Jewish Federation of Palm Beach County as a cost effective and efficient way to give charitably. The donor retains the right to make recommendations for distributions from the fund.
An endowed gift can create a new endowment or add to an existing endowment. The principal of the endowment is invested and a portion of the principal’s earnings are used each year to support our mission.
Tax on the growth in value of an asset—such as real estate or stock—since its original purchase.
Securities, real estate or any other property having a fair market value greater than its original purchase price.
Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property or undeveloped land.
A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.
You give assets to a trust that pays our organization set payments for a number of years, which you choose. The longer the length of time, the better the potential tax savings to you. When the term is up, the remaining trust assets go to you, your family or other beneficiaries you select. This is an excellent way to transfer property to family members at a minimal cost.
You fund this type of trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to the Jewish Community Foundation as a lump sum.
You fund this trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to the Jewish Community Foundation as a lump sum.
A beneficiary designation clearly identifies how specific assets will be distributed after your death.
A charitable gift annuity involves a simple contract between you and the Jewish Federation of Palm Beach County where you agree to make a gift to the Jewish Federation of Palm Beach County and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.