Many donors open a Donor-Advised Fund not only for tax-saving benefits, but to turn their non-cash assets into useable, philanthropic funds. Through your Donor-Advised Fund you are able to directly recommend grants to JF&CS.
What is a Donor-Advised Fund?
Think of a Donor-Advised Fund (DAF) as a charitable savings account. You receive an immediate tax benefit once you’ve established your DAF and then can make grant recommendations over time to JF&CS.
*Learn about the new tax rules for charitable giving in the CARES Act.
How does a DAF work?
You can easily support JF&CS by simply advising your DAF administrator to make a distribution in whatever amount you choose. Since donors receive an income tax deduction at the time they contribute to their DAF, there is no additional charitable deduction when making annual or periodic gifts to JF&CS through your DAF.
What do I need to do to put my DAF dollars to work?
Many individuals are not aware that as part of their estate planning they can also name JF&CS as a beneficiary of the remaining funds in their DAF. As different DAFs have their own process and forms for accomplishing this unique bequeathing option, we advise you to ask your DAF administrator for specific instructions.
What information does my DAF administrator need?
When making a DAF gift to JF&CS, please provide the following information to your administrator:
Jewish Family & Children’s Service
1430 Main Street
Waltham, MA 02451
Tax ID# 04-2104356
Have more questions about DAFs?
We are delighted to help guide you through this process and answer your questions. If you would like to learn more about making gifts from DAFs to benefit JF&CS, please contact:
Jill Snider, Senior Philanthropic Advisor