Ask Caren

Plain talk about charitable giving with Jewish Community Foundation Executive Director Caren Goldberg. Contact Caren at 414-390-5737 or learn more about Donor Advised Funds.

Honor family name with simplified giving

Question:

My parents want me to help them set up a private foundation in our family’s name, but it just looks too complicated. IRS requirements, paperwork, excise taxes … isn’t there an easier way?

Answer:

Let the Jewish Community Foundation help you set up a donor advised fund and you get the benefits of giving without all the work. Here’s how:

  1. You make a contribution of cash, securities, bonds or other property.
  2. You take a charitable deduction for the fullvalue of your gift.
  3. We use your gift to establish a fund within theFoundation. The fund bears your name and can last forever.
  4. You recommend gifts from the fund to charities you support.
  5. We manage the fund, handle record keeping and reporting, and distribute your gifts.

Donor Advised Funds let you delegate the details while staying active in the giving.The Jewish Community Foundation is the endowment development program of the Milwaukee Jewish Federation.

Generosity made simple

Question:

If I am already giving to charity each year, is there any benefit to setting up a Donor Advised Fund? What are the benefits? I have heard the name Donor Advised Fund, but I don’t really understand what it means. Can you tell me how a Donor Advised Fund works?

Answer:

Establishing a Donor Advised Fund with the Jewish Community Foundation is quick and easy. And, you get the benefits of giving without all the work. Here’s how:

  1. You make a contribution of cash, securities, bonds or other property.
  2. You take a charitable deduction for the full value of your gift.
  3. We use your gift to establish a fund within the Foundation. The fund bears your name and can last forever.
  4. You recommend gifts from the fund to charities you support.
  5. We manage the fund, handle record keeping and reporting, and distribute your gifts.

Donor Advised Funds let you delegate the details while staying active in the giving.

Year end approaching quickly

Question:

I give money to charity each year and I am wondering if a Donor Advised Fund might be right for me. The end of the year is fast approaching – do I have time to set up a fund?

Answer:

It’s not too late! The Jewish Community Foundation can help you set up a donor advised fund so you get the benefits of giving without all the work. Here’s how:

  1. You make a contribution of cash, securities, bonds or other property.
  2. You take a charitable deduction for the full value of your gift.
  3. We use your gift to establish a fund within the Foundation. The fund bears your name and can last forever.
  4. You recommend gifts from the fund to charities you support.
  5. We manage the fund, handle record keeping and reporting, and distribute your gifts.

While funds last, we will match your first grant to a Jewish organization by up to $500!* The Jewish Community Foundation is the endowment development program of the Milwaukee Jewish Federation. *Matching funds made possible by a generous anonymous donor.

You don’t have to be a millionaire

Question:

I always thought I’d have to be wealthy to have a Donor Advised Fund. Is that really true?

Answer:

No. You don’t have to have millions to create a Donor Advised Fund at the Jewish Community Foundation. With just $2,500, you can establish a fund and take advantage of available tax benefits. You can recommend gifts from the fund to Jewish and non-Jewish charities you support. Establishing a Donor Advised Fund is quick and easy. And, you get the benefits of giving without all the work. Donor Advised Funds let you delegate the details while staying active in the giving. I’d be happy to talk with you and your financial advisors about what’s right for your family. The Jewish Community Foundation is the endowment development program of the Milwaukee Jewish Federation.

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