The Innovative Charitable Vehicle that’s Changing Everything

With opportunities for maximal tax benefits, stock donations, investment of donation funds, and ongoing management, DAF’s are changing everything we thought we knew about the world of giving.

So many goals, so little time

The financial world is constantly changing and advancing, as is the world of giving. Sometimes it’s hard to keep up with the overload of available information, especially when we’re talking about large amounts that can make a big difference. The options for donations only increase with time, and the desire to grant wisely and effectively requires constant adjustments. Choosing where to donate your money, and how, is a process that can often take a lot of time that we don’t have.  

Enter the DAF, a new philanthropic model, which seeks to solve this, and other tax-related charitable problems. The DAF model enables donors to establish a personal giving fund for strategic management of their philanthropy, cutting out the bureaucracy and red tape, thus leaving more time to focus on advancing the social goals that are important to you. 

Changing the approach: Deposit now, donate later

Opening a DAF is a groundbreaking step in strategic philanthropy. Not only does this model allow you more time to research and find the social goals that speak to you, but it also allows for the maximal tax benefits at the time of deposit. How does it work? Since DAF deposits are recognized as charitable funds, from the moment you contribute to your giving fund, you qualify for a tax credit for the full amount – even before you’ve decided when and where to grant. Disconnecting the deposit stage and the donation stage enables you to make wiser, more considered donations. And gives you a lot more flexibility. 

Turning your donations into investments

Maybe you’re not ready to grant your money right away? Maybe you want to park it in your DAF for future donating? No problem. You can maximize your impact and invest the funds in a variety of investment tracks, each with different levels of risk. In this way, you can increase the money available for future granting purposes. And if that’s not enough, the profits are tax-free. In addition, you also can donate gifts of stock and other assets. 

Your personal donation portfolio

JGive has over 1300 recognized non-profits associated with our platform. Though having options is great, when it comes down to it, it can also be difficult to zero-in on your choice. Precisely for this reason, we’ve established a unique consultation system that will help you build your own personal donation portfolio, with the goals that are important to you. Our consultants can help you with the selection, aiding in the due diligence and directing you to the potential organizations and projects that are right for you. 

Personalize your giving 

The DAF model allows you to take the ideas closest to your heart and strategically promote them, personalize them. Define objectives for your fund, create a mission statement. Perhaps you want to dedicate it to the memory of a loved one, maybe you want to enlist partners who will wisely advise where and how much to donate. Your DAF can also be used to mark a variety of special events, such as weddings, bar/bat mitzvahs and more. Or create a family-wide philanthropic legacy, adding relatives who will carry out your giving goals for many more years to come.

Donor Advised Funds are undeniably the next new trend in the world of philanthropy, as seen abroad and now in Israel as well.  The ability to deposit and donate simply and without third-party involvement is a game-changer. The combination of this charitable tool, together with our innovative digital platform makes JGive Platinum the most advanced product in the Israeli donation market.  

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References

Edt

Editorial

The JGive Team

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