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There are many ways to involve multiple generations in philanthropy at JCF.
Here are some ideas to get you started.
Open a Donor Advised Fund (DAF). This Fund can be established in your name to support the charities you choose. At JCF, you can establish a DAF with as little as $10,000. In addition, assets held for at least one year are fully tax-deductible when contributed to a DAF, and any funds held in the account grow tax-free.
Learn more here.
Establish a Supporting Foundation with JCF. This may reduce administrative and tax burdens, allowing you to focus on making high-impact grants with family members. A Supporting Foundation is an independent, not-for-profit corporation which receives its status as a public charity because of its affiliation with JCF of Greater MetroWest. Supporting Foundations are governed and operated by their own board of trustees, a majority of whom are appointed by JCF, allowing multiple generations to make philanthropic decisions together.
Learn more here.
Explore Multi-Generational Philanthropy with your family during times of generational transition. JCF professionals have been trained by 21/64 to strengthen relationships and communication across multiple generations working together on family foundations, donor advised fund holders and other family enterprises. JCF professionals are available for a range of consultations including workshops, retreats or longer-term engagements.
Concerned about the upkeep on your private foundation?
Convert it to a Supporting Foundation at JCF. Learn more here.
(973) 929-3026 or
khirsh@jfedgmw.org