Jewish Communal Fund Sends Out Record-Breaking Number of Grants in FY 2018, Totaling $435 Million
Average grant amount exceeds $7,400.
NEW YORK, Aug. 22, 2018 /PRNewswire/ -- The Jewish Communal Fund (JCF), the largest Jewish donor advised fund in the country, distributed a record $435 million in grants to charities in all sectors during the 2018 fiscal year ending June 30, 2018—a nine percent increase from 2017. JCF Fundholders recommended a record-number of grants—58,224—to thousands of charitable organizations, a 10 percent increase from 2017. The average grant amount was $7,467.74.
"More and more charitably-minded people are recognizing the benefits of using a donor advised fund to manage their charitable giving in a tax-advantageous and efficient manner," said Susan F. Dickman, Executive Vice President and CEO of Jewish Communal Fund. She credits much of the increase to the new tax law and strong stock market gains. "Our goal is to help our Fundholders be more strategic and thoughtful in their charitable giving, and achieve their vision for making the world a better place."
A leader in the world of Jewish philanthropy, JCF continues to be the largest and most active Jewish donor advised fund in the country with close to $1.7 billion in charitable assets under management. In FY 2018, JCF distributed 25.5 percent of assets, well above the industry average.
While grants were distributed to charities in all sectors, the largest categories of grants by dollar amount were directed to charitable organizations whose missions focused on education, Israel/international, and community organizations.
A donor advised fund at JCF enables Fundholders to organize their charitable giving with ease and tax-efficiency. JCF's educational events and webinars help Fundholders increase their philanthropic impact. In addition, JCF's robust investment platform enables fund holders to grow their charitable dollars tax-free, enabling them to give more to their favorite causes.
About Jewish Communal Fund
Jewish Communal Fund is one of the largest and most active networks of Jewish funders, currently managing $1.7 billion in charitable assets for more than 3,800 donor advised funds. JCF's donor advised funds make giving easy, flexible and efficient. The Chronicle of Philanthropy designated JCF a "Top 100" Charity in the U.S. on its Philanthropy 400 list. Learn more about JCF by visiting www.jcfny.org or calling (212) 752-8277. Visit JCF on LinkedIn, like us on Facebook, and follow us on Twitter.
MEDIA CONTACT:
Tamar Snyder
Director, Marketing & Communication
Jewish Communal Fund
[email protected]
212-752-8277
SOURCE Jewish Communal Fund
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