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Donor Advised Funds

JEWISHcolorado offers you the opportunity to connect your philanthropy with your passions.
We are happy to offer Donor Advised Funds (DAF) which allow you to support both the Jewish and non-Jewish qualified non-profit organizations that you care about most.

WHAT’S HAPPENING
Tue 12

Stapleton Jewish Explorers K-5th Grade Program

December 12 @ 4:15 pm - 5:30 pm

A Donor Advised Fund (DAF) is a philanthropic investment vehicle that is part of JEWISHcolorado’s overall Planned Giving and Endowment function. DAFs create a broad base of financial support for the Jewish community as well as the general community. They offer a simple and economical means for benefiting the community and encouraging family philanthropy.

What are the Benefits?

JEWISHcolorado charges a fee that is competitive with those charged by other charitable foundations. 100% of the fees charged by JEWISHcolorado stay in the Jewish community—no other charitable fund administrator in Colorado can say that. JEWISHcolorado also brings to your attention new philanthropic opportunities in Colorado, Israel and around the Jewish world that may be of interest to you.

Opening a DAF through JEWISHcolorado can help you involve your children (and your children’s children) in your philanthropic legacy. A DAF affords you significant tax benefits by offering you the flexibility of depositing a lump sum of money into your fund and then recommending charitable distributions over time.

Cutting Edge Investment Platform with Israel Investment Option

Select from seven investment sleeves, including an Israel investment option, or four model portfolios. The Israel Sleeve incorporates Israeli equities, offering you the opportunity to capitalize on a growth market, support Israel’s economy, and positively respond to anti-Israel divestment efforts.

“Our father, Walter Goldberg z”l, was incredibly generous and always taught us the importance of philanthropy. He created DAFs for each of us at JEWISHcolorado, and we are honored to continue his philanthropic legacy by using those DAFs to support programs that are near and dear to our hearts.”

—Anne (Goldberg) Wernimont & Mel Wernimont,
Julie Goldberg, and David Goldberg

How Do I Get Started?

A DAF can be funded by donating either cash or appreciated assets, including stock, real estate, or other material goods. Once you have made the minimum $10,000+ deposit to establish your DAF at JEWISHcolorado, subsequent deposits can be made in a way that best meets your needs.

Easy Access

DAF holders can access their accounts online through the Donor Sphere portal. This offers you the ability to make distributions at your convenience. There are no fees for distributions so you can make as many or as few as you want.

What are the Administrative Fees?

JEWISHcolorado Donor Advised Funds offer very competitive administrative fees which cover the expenses of operating a Donor Advised Fund account, including online and phone support, grants administration, account statements and communications. To cover the costs associated with these services, we assess an account administrative fee on a quarterly basis that is automatically reflected in the account.

How are the Administrative Fees Calculated?

Fund Balance
* Up to $500,000
* $500,000-$1,000,000
* $1,000,000 or above
Annual Administrative Fees
.75%
.50%
.25%

How Do Donor Advised Funds Compare to Private Foundations?

COMPARISONS DONOR ADVISED FUND PRIVATE FOUNDATION
TAX-EXEMPT STATUS
Shares the public charity tax-exempt status of JEWISHcolorado
Must apply for tax-exempt status from
the IRS
START-UP COST
No cost to donor
Similar to corporate start-up requiring substantial legal, accounting and operational startup costs
CHARITABLE DEDUCTIONS-CASH GIFTS
AND APPRECIATED STOCK
Tax deduction of up to 50% of adjusted income
Tax deduction is limited to 30% of adjusted gross income
DONOR CONTROL
Donor makes grant recommendations—to protect tax deductibility, final oversight rests with JEWISHcolorado
Donor retains complete control over investments and grant-making, subject to IRS requirements
PUBLIC DISCLOSURE
No required public disclosure; anonymity available
Annual tax returns and filings must be open for public inspection
PAY-OUT REQUIREMENTS
None
Must pay at least 5% of its asset value
annually for charitable purposes
ANNUAL TAX FILINGS
Not required (included as part of JEWISHcolorado’s annual reporting)
Required

For more information about our Donor Advised Funds, contact Sarah Kachel,
Donor Relationship Manager, at 303.316.6499 or skachel@JEWISHcolorado.org.