Supporting Foundations

Supporting Foundations of the Jewish Federation of Palm Beach County provide unique vehicles for family involvement in philanthropy by creating separate, nonprofit corporations, each with its own identity and corporate structure.

How Does It Work?

With a gift of cash, securities or other property, worth a minimum of $1 million, you can create a Supporting Foundation of the Jewish Federation of Palm Beach County.

  • Your foundation is a separate, nonprofit corporation with its own identity and corporate structure.
  • Your foundation receives "public charity" status because of its affiliation with the Jewish Federation of Palm Beach County.
  • Your foundation is governed and operated by its own board of trustees, a majority of whom are appointed by the Federation, with others appointed by the donor.

Trustees meet at least once a year to decide on grant making and investment matters, as well as other issues of policy and operations.

  • The assets of the supporting foundation are invested according to the financial objectives established by the trustees, separately or on a commingled basis with the Jewish Federation of Palm Beach County's assets.
  • Charitable distributions can be made, based on trustee approval, to appropriate 501(c)(3) public charities with purposes consistent with the Jewish Federation of Palm Beach County's broad purposes.

What Are The Benefits?

  • You are your family are able to recommend support for causes and organizations of specific interest to you, now and in the future.
  • You can involve your family and others in the decision-making process, training them for future roles in the supporting foundation's operation and continued philanthropic vision and mission.
  • You receive a charitable income tax deduction for all contributions to the supporting foundation.
  • The supporting foundation pays no income tax on investment income.
  • You receive the full professional expertise and operational support of the Jewish Federation of Palm Beach County.
  • The supporting foundation has access to professional investment managers engaged by the Jewish Federation of Palm Beach County.