What are the most effective ways to transmit your philanthropic values to your children and grandchildren while also ensuring that your charitable legacy within the Jewish community continues to endure?
That’s one of the key questions on our minds here at Jewish Communal Fund, the donor-advised fund of the Jewish community of greater New York, which distributes an average of $250 million in grants to thousands of charities annually. A growing percentage of our fund holders are third generation members of charitable Jewish families, and we’ve been hard at work exploring the best ways to engage the NextGen in open and honest conversations around their values and how those values connect to their charitable giving. We established the Center for Next Generation Philanthropy to create meaningful resources and programming to educate, engage and empower the next generation of Jewish philanthropists.
At JCF, we view donor-advised funds as a valuable tool in transmitting the ethos of philanthropy to the next generation. In addition to being low-cost, easy to use, and tax-efficient, donor-advised funds encourage strategic thinking about charitable giving. With a DAF, you can make a contribution of shares of stock or cash before year-end, so that you receive a tax deduction now. But there’s no pressure to make grant decisions right away; your charitable dollars can grow tax-free while you take the time to research charities and evaluate impact.
The Children & Teen Giving Fund and The NextGen Giving Fund at JCF can be established by an individual, couple or small group, with a minimum tax-deductible gift of $1,800. You can use the fund to recommend donations of $36 or more to IRS-qualified public charities of your choice. Donors are provided with online access enabling them to manage their fund and make grants. Our NextGen Giving Fund is designed to make your philanthropy simpler, more effective and give you more time for meaningful engagement with your charities.
Jewish Communal Fund has developed numerous resources to assist your teen or those in their 20s give more strategically and with increased impact:
Clink!: Making Change by Giving is a new app for teens to help them discover what type of giver they are.
Clink! is available to download for free on iTunes. Here is the direct link: https://itunes.apple.com/WebObjects/MZStore.woa/wa/viewSoftware?id=941230072&mt=8
Learn more about Clink! and download a User Guide for educators, parents and grandparents by visiting jcfny.org/clink.
Teen Tzedakah Guide
JCF developed the Teen Tzedakah Guide to assist young people in identifying their giving priorities, creating a giving-oriented mission statement, and learning how to research charities. The Tzedakah Guide also features a Jewish text study activity to encourage teens to think about what Jewish tradition has to teach us about the best ways to give to charity.
Download the mini version of the Teen Tzedakah Guide.